Clearway Energy, Inc. (CWEN) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments179189138144268359175
Cash and cash equivalents179189138144268359175
Restricted cash and investments 366332287 178241
Receivables144203204159143156161
Inventory, net of allowances, customer advances and progress billings37424343424241
Inventory37424343424241
Derivative instruments and hedges, assets 2     
Assets held-for-sale, not part of disposal group631      
Other undisclosed current assets54051501012553836
Total current assets:1,531853767734708773654
Noncurrent Assets
Operating lease, right-of-use asset550346349348337256257
Property, plant and equipment7,6507,4387,5377,4907,2176,1656,256
Long-term investments and receivables3816326396457411,001971
Long-term investments3816326396457411,001971
Intangible assets, net (including goodwill)802,2862,3242,3591,3701,3711,393
Intangible assets, net (excluding goodwill)802,2862,3242,3591,3701,3711,393
Derivative instruments and hedges65481  
Deferred income tax assets951161171251048495
Other noncurrent assets10110414413911475110
Other undisclosed noncurrent assets2,419      
Total noncurrent assets:11,28210,92711,11411,1149,8848,9529,082
TOTAL ASSETS:12,81311,78011,88111,84810,5929,7259,736
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15816212315515113581
Accounts payable74585993724641
Accrued liabilities841046462798940
Debt772545518500384361357
Derivative instruments and hedges, liabilities46564437383641
Due to related parties107121417172221
Disposal group, including discontinued operation494      
Other undisclosed current liabilities54415539444855
Total current liabilities:1,631816754748634602555
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,9397,2997,4347,4636,5856,3576,377
Long-term debt, excluding current maturities6,9397,2997,4347,4636,5856,3576,377
Operating lease, liability561361361354345260260
Other undisclosed long-term debt and lease obligation(561)(361)(361)(354)(345)(260)(260)
Liabilities, other than long-term debt382349329288313269312
Deferred income tax liabilities13      
Other liabilities173189184181178119120
Derivative instruments and hedges, liabilities196160145107135150192
Other undisclosed noncurrent liabilities561361361354345260260
Total noncurrent liabilities:7,8828,0098,1248,1057,2436,8866,949
Total liabilities:9,5138,8258,8788,8537,8777,4887,504
Stockholders' equity
Stockholders' equity attributable to parent1,8341,7781,7941,7961,8251,8821,862
Common stock1111111
Additional paid in capital1,8721,8101,8481,8861,9221,9181,934
Accumulated other comprehensive loss(6)(8)(9)(10)(14)(15)(19)
Accumulated deficit(33)(25)(46)(81)(84)(22)(54)
Stockholders' equity attributable to noncontrolling interest1,4661,1771,2091,199890355370
Total stockholders' equity:3,3002,9553,0032,9952,7152,2372,232
TOTAL LIABILITIES AND EQUITY:12,81311,78011,88111,84810,5929,7259,736

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues318351380237280332329
Operating lease, lease income   254   
Cost of revenue(117)(117)(107)(110)(91)(95)(87)
Gross profit:201234273127189237242
Operating expenses321(128)(118)(122)(11)(10)(12)
Other undisclosed operating loss(463)(17)(22)(19)(150)(104)(100)
Operating income (loss):5989133(14)28123130
Nonoperating expense(91)(63)(94)(82)(106)(72)(28)
Investment income, nonoperating      49
Interest and debt expense(11)(84)(103)(42)(15)(6)(93)
Income (loss) from continuing operations before equity method investments, income taxes:(43)(58)(64)(138)(93)459
Other undisclosed income from continuing operations before income taxes11841034215693
Income (loss) from continuing operations before income taxes:(32)2639(96)(78)51102
Income tax expense (benefit)(24)(1)(7)205(9)(26)
Net income (loss):(56)2532(76)(73)4276
Net income (loss) attributable to noncontrolling interest48(4)379 (10)(29)
Other undisclosed net income attributable to parent    48  
Net income (loss) available to common stockholders, diluted:(8)21353(25)3247

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(56)2532(76)(73)4276
Other comprehensive income53 11 84
Other undisclosed comprehensive income    1  
Comprehensive income (loss):(51)2832(65)(72)5080
Comprehensive income (loss), net of tax, attributable to noncontrolling interest45(6)37248(14)(31)
Comprehensive income (loss), net of tax, attributable to parent:(6)22357(24)3649

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: