CLEARWAY ENERGY LLC Financial Statements (2025 and earlier)
Company Profile
| Business Address |
300 CARNEGIE CENTER, SUITE 300 PRINCETON, NJ 08540 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4911 - Electric Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 535 | 657 | 179 | 268 | 152 | 407 | |||
| Cash and cash equivalents | 535 | 657 | 179 | 268 | 152 | 407 | |||
| Restricted cash and investments | 516 | 339 | 475 | 197 | 262 | 176 | |||
| Receivables | 153 | 144 | 143 | 118 | 109 | ||||
| Inventory, net of allowances, customer advances and progress billings | 55 | 47 | 37 | 42 | 40 | 40 | |||
| Inventory | 55 | 47 | 37 | 42 | 40 | 40 | |||
| Derivative instruments and hedges, assets | 41 | 26 | |||||||
| Asset, held-for-sale, not part of disposal group | 631 | ||||||||
| Other undisclosed current assets | 400 | 54 | 65 | 58 | 33 | 29 | |||
| Total current assets: | 1,547 | 1,276 | 1,531 | 708 | 605 | 761 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 597 | 527 | 550 | 337 | 223 | ✕ | |||
| Property, plant and equipment | 9,526 | 7,421 | 7,650 | 7,217 | 6,063 | 5,245 | |||
| Long-term investments and receivables | 360 | 364 | 381 | 741 | 1,183 | 1,172 | |||
| Long-term investments | 360 | 364 | 381 | 741 | 1,183 | 1,172 | |||
| Intangible assets, net (including goodwill) | 71 | 77 | 80 | 1,370 | 1,428 | 1,156 | |||
| Intangible assets, net (excluding goodwill) | 71 | 77 | 80 | 1,370 | 1,428 | 1,156 | |||
| Derivative instruments and hedges | 82 | 63 | 6 | 1 | 8 | ||||
| Other noncurrent assets | 202 | 96 | 101 | 114 | 103 | 106 | |||
| Other undisclosed noncurrent assets | 2,303 | 2,488 | 2,419 | ||||||
| Total noncurrent assets: | 13,141 | 11,036 | 11,187 | 9,780 | 9,000 | 7,687 | |||
| TOTAL ASSETS: | 14,688 | 12,312 | 12,718 | 10,488 | 9,605 | 8,448 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 209 | 150 | 158 | 151 | 144 | 102 | |||
| Accounts payable | 130 | 55 | 74 | 72 | 73 | 45 | |||
| Accrued liabilities | 79 | 95 | 84 | 79 | 71 | 57 | |||
| Debt | 97 | 773 | 385 | 1,824 | 529 | ||||
| Derivative instruments and hedges, liabilities | 51 | 50 | 46 | 38 | 16 | 4 | |||
| Disposal group, including discontinued operation | 494 | ||||||||
| Due to related parties | ✕ | ✕ | 24 | 110 | 20 | 33 | 20 | ||
| Other undisclosed current liabilities | 651 | 281 | 54 | 44 | 41 | 44 | |||
| Total current liabilities: | 911 | 602 | 1,635 | 638 | 2,058 | 699 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 7,479 | 6,491 | 7,500 | 6,930 | 4,956 | 5,404 | |||
| Long-term debt, excluding current maturities | 7,479 | 6,491 | 6,939 | 6,585 | 4,956 | 5,448 | |||
| Other undisclosed long-term debt and lease obligation | (227) | (44) | |||||||
| Liabilities, other than long-term debt | 1,192 | 1,052 | 364 | 308 | 191 | 163 | |||
| Deferred income tax liabilities | 2 | 4 | ✕ | ||||||
| Due to related parties | ✕ | ✕ | 44 | ||||||
| Other liabilities | 282 | 197 | 168 | 173 | 115 | 102 | |||
| Operating lease, liability | 627 | 548 | 561 | 345 | 227 | ✕ | |||
| Derivative instruments and hedges, liabilities | 281 | 303 | 196 | 135 | 76 | 17 | |||
| Other undisclosed noncurrent liabilities | 2 | 227 | |||||||
| Total noncurrent liabilities: | 8,671 | 7,543 | 7,866 | 7,238 | 5,374 | 5,567 | |||
| Total liabilities: | 9,582 | 8,145 | 9,501 | 7,876 | 7,432 | 6,266 | |||
| Temporary equity, carrying amount | 1 | 7 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 1,042 | 1,261 | 30 | (83) | (32) | 42 | |||
| Accumulated other comprehensive income (loss) | 15 | 21 | (13) | (33) | (37) | (44) | |||
| Retained earnings (accumulated deficit) | 1,027 | 1,240 | 43 | (50) | 5 | 86 | |||
| Other undisclosed equity | 4,063 | 2,899 | 3,187 | 2,695 | 2,205 | 2,140 | |||
| Total equity: | 5,105 | 4,160 | 3,217 | 2,612 | 2,173 | 2,182 | |||
| TOTAL LIABILITIES AND EQUITY: | 14,688 | 12,312 | 12,718 | 10,488 | 9,605 | 8,448 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,314 | 1,190 | 1,286 | 1,199 | 1,032 | 1,053 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 878 | |
| Operating lease, lease income | 780 | 850 | 741 | ✕ | ||||
| Cost of revenue | (473) | (435) | (451) | (366) | (342) | (332) | ||
| Gross profit: | 841 | 755 | 835 | 833 | 690 | 721 | ||
| Operating expenses | (35) | 1,292 | (45) | (42) | (63) | (40) | ||
| Other undisclosed operating loss | (542) | (575) | (521) | (457) | (401) | (334) | ||
| Operating income: | 264 | 1,472 | 269 | 334 | 226 | 347 | ||
| Nonoperating expense | (279) | (188) | (330) | (386) | (327) | (212) | ||
| Other nonoperating income | 52 | 17 | 3 | 4 | 9 | 8 | ||
| Interest and debt expense | (6) | (2) | (53) | (24) | (16) | (294) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (21) | 1,282 | (114) | (76) | (117) | (159) | ||
| Other undisclosed income from continuing operations before income taxes | 6 | 2 | 53 | |||||
| Income (loss) from continuing operations before income taxes: | (15) | 1,284 | (61) | (76) | (117) | (159) | ||
| Income tax expense (benefit) | 2 | (2) | (2) | |||||
| Other undisclosed income from continuing operations | ||||||||
| Income (loss) from continuing operations: | (13) | 1,282 | (63) | (76) | (117) | (159) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (63) | (76) | (117) | (159) | |
| Other undisclosed net income (loss) | 24 | 16 | 294 | |||||
| Net income (loss): | (13) | 1,282 | (63) | (52) | (101) | 135 | ||
| Net income attributable to noncontrolling interest | 162 | 106 | 173 | 71 | 105 | |||
| Other undisclosed net income attributable to parent | 113 | |||||||
| Net income (loss) available to common stockholders, diluted: | 149 | 1,388 | 110 | 61 | (30) | 240 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (13) | 1,282 | (63) | (52) | (101) | 135 | ||
| Other comprehensive income (loss) | (7) | 33 | 22 | 2 | 8 | 24 | ||
| Comprehensive income (loss): | (20) | 1,315 | (41) | (50) | (93) | 159 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 163 | 100 | 171 | 115 | 70 | 105 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 143 | 1,415 | 130 | 65 | (23) | 264 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.