Clearway Energy, Inc. (CWEN) financial statements (2021 and earlier)

Company profile

Business Address 300 CARNEGIE CENTER, SUITE 300
PRINCETON, NJ 08540
State of Incorp. DE
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 14893117407232
Cash and cash equivalents 14893117407232
Restricted cash and investments     157
Receivables 14412791104144
Inventory, net of allowances, customer advances and progress billings 4349404039
Inventory 4349404039
Derivative instruments and hedges, assets 1    
Other undisclosed current assets 28322920820531
Total current assets: 619498456756603
Noncurrent Assets
Operating lease, right-of-use asset 191183 
Property, plant and equipment 5,5625,6025,3555,2455,306
Long-term investments and receivables 1,1811,1651,1541,1721,182
Long-term investments 1,1811,1651,1541,1721,182
Intangible assets, net (including goodwill) 1,1031,1211,1391,1561,177
Intangible assets, net (excluding goodwill) 1,1031,1211,1391,1561,177
Derivative instruments and hedges    832
Deferred income tax assets 7362 
Other noncurrent assets 10910012810692
Deferred tax assets, net 108
Other undisclosed noncurrent assets   23357 
Total noncurrent assets: 8,2198,2338,0097,7447,897
TOTAL ASSETS: 8,8388,7318,4658,5008,500
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 10310490102186
Accounts payable 5462554590
Accrued liabilities  42355796
Interest and dividends payable 49    
Debt 1,9651,9141,598535873
Derivative instruments and hedges, liabilities 15131145
Due to related parties 6353421921
Other undisclosed current liabilities 100434644 
Total current liabilities: 2,2462,1271,7877041,085
Noncurrent Liabilities
Long-term debt and lease obligation, including: 4,1434,1924,2255,4474,928
Long-term debt, excluding current maturities 4,1434,1924,2155,4474,928
Operating lease, liability 193186 
Other undisclosed long-term debt and lease obligation (193)(186)10  
Liabilities, other than long-term debt 210172140125112
Other liabilities 115106109108103
Derivative instruments and hedges, liabilities 956631179
Other undisclosed noncurrent liabilities 193186168  
Total noncurrent liabilities: 4,5464,5504,5335,5725,040
Total liabilities: 6,7926,6776,3206,2766,125
Stockholders' equity
Stockholders' equity attributable to parent 1,7481,7321,7721,8221,935
Common stock 11111
Additional paid in capital 1,8301,8521,8701,8971,935
Accumulated other comprehensive loss (17)(16)(19)(18)(14)
Retained earnings (accumulated deficit) (66)(105)(80)(58)13
Stockholders' equity attributable to noncontrolling interest 298322373402440
Total stockholders' equity: 2,0462,0542,1452,2242,375
TOTAL LIABILITIES AND EQUITY: 8,8388,7318,4658,5008,500

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues(797)296284217229292
Operating lease, lease income 252  
Operating leases, income statement, lease revenue179184246
Cost of revenue (86)(79)(84)(85)(84)
Gross profit: 210205133144208
Operating expenses (7)(27)(7)(40) 
Other undisclosed operating loss (113)(91)(85)(50)(108)
Operating income: 90874154100
Nonoperating expense (66)(119)(95)(100)(40)
Interest and debt expense (106)(1)(101)193(74)
Income (loss) from continuing operations before equity method investments, income taxes: (82)(33)(155)147(14)
Other undisclosed income (loss) from continuing operations before income taxes 1061101(193)74
Income (loss) from continuing operations before income taxes: 24(32)(54)(46)60
Income tax expense (benefit) 11(4)7(45)(11)
Net income (loss): 35(36)(47)(91)49
Net income (loss) attributable to noncontrolling interest 4122723(28)
Net income (loss) available to common stockholders, diluted: 39(24)(20)(68)21

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net income (loss): 35(36)(47)(91)49
Other comprehensive income (loss) (1)5(2)(8)6
Comprehensive income (loss): 34(31)(49)(99)55
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 4102827(31)
Comprehensive income (loss), net of tax, attributable to parent: 38(21)(21)(72)24

Statements sources

The financial statements are based on the company's filings with the 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.

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