Clearway Energy, Inc. (CWEN) financial statements (2020 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)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 148 | 407 | 148 | 317 | 111 | 391 | 36 | ||
| Cash and cash equivalents | 148 | 407 | 148 | 317 | 111 | 391 | 36 | ||
| Restricted cash and investments | 168 | 164 | 48 | 22 | |||||
| Receivables | 144 | 104 | 108 | 107 | 102 | 73 | 42 | ||
| Inventory, net of allowances, customer advances and progress billings | 43 | 40 | 39 | 39 | 35 | 18 | 14 | ||
| Inventory | 43 | 40 | 39 | 39 | 35 | 18 | 14 | ||
| Derivative instruments and hedges, assets | 1 | 2 | |||||||
| Deferred tax assets | ✕ | 16 | |||||||
| Other undisclosed current assets | 283 | 205 | 19 | 16 | 22 | 19 | 175 | ||
| Total current assets: | 619 | 756 | 482 | 645 | 318 | 539 | 267 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 191 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 5,562 | 5,245 | 5,204 | 5,460 | 5,056 | 3,487 | 1,541 | ||
| Long-term investments and receivables | 1,181 | 1,172 | 1,178 | 724 | 808 | 242 | 233 | ||
| Long-term investments | 1,181 | 1,172 | 1,178 | 710 | 798 | 227 | 227 | ||
| Accounts and financing receivable, after allowance for credit loss | 14 | 10 | 15 | 6 | |||||
| Intangible assets, net (including goodwill) | 1,103 | 1,156 | 1,228 | 1,286 | 1,362 | 1,266 | 86 | ||
| Intangible assets, net (excluding goodwill) | 1,103 | 1,156 | 1,228 | 1,286 | 1,362 | 1,266 | 86 | ||
| Derivative instruments and hedges | 8 | 1 | 1 | 11 | |||||
| Deferred income tax assets | 73 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 109 | 106 | 63 | 51 | 61 | 99 | 27 | ||
| Deferred tax assets, net | ✕ | 128 | 216 | 170 | 118 | 146 | |||
| Other undisclosed noncurrent assets | 57 | 2 | |||||||
| Total noncurrent assets: | 8,219 | 7,744 | 7,801 | 7,738 | 7,457 | 5,213 | 2,046 | ||
| TOTAL ASSETS: | 8,838 | 8,500 | 8,283 | 8,383 | 7,775 | 5,752 | 2,313 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 103 | 102 | 115 | 108 | 91 | 19 | 40 | ||
| Accounts payable | 54 | 45 | 27 | 23 | 23 | 19 | 40 | ||
| Accrued liabilities | 57 | 88 | 85 | 68 | |||||
| Interest and dividends payable | 49 | ||||||||
| Debt | 1,965 | 535 | 306 | 282 | 241 | 160 | 133 | ||
| Derivative instruments and hedges, liabilities | 15 | 4 | 17 | 29 | 39 | 31 | 23 | ||
| Due to related parties | 63 | 19 | 48 | 40 | 85 | 44 | |||
| Other undisclosed current liabilities | 100 | 44 | 43 | 61 | |||||
| Total current liabilities: | 2,246 | 704 | 486 | 459 | 456 | 297 | 257 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,143 | 5,447 | 5,531 | 5,426 | 4,562 | 3,890 | 1,000 | ||
| Long-term debt, excluding current maturities | 4,143 | 5,447 | 5,531 | 5,426 | 4,562 | 3,890 | 1,000 | ||
| Operating lease, liability | 193 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (193) | ||||||||
| Liabilities, other than long-term debt | 210 | 125 | 128 | 128 | 125 | 85 | 45 | ||
| Due to related parties | 9 | ||||||||
| Other liabilities | 115 | 108 | 97 | 76 | 64 | 39 | 29 | ||
| Derivative instruments and hedges, liabilities | 95 | 17 | 31 | 43 | 61 | 46 | 16 | ||
| Other undisclosed noncurrent liabilities | 193 | ||||||||
| Total noncurrent liabilities: | 4,546 | 5,572 | 5,659 | 5,554 | 4,687 | 3,975 | 1,045 | ||
| Total liabilities: | 6,792 | 6,276 | 6,145 | 6,013 | 5,143 | 4,272 | 1,302 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,748 | 1,822 | 1,747 | 1,850 | 1,841 | 1,234 | 628 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | ||||
| Additional paid in capital | 1,830 | 1,897 | 1,843 | 1,879 | 1,855 | 1,240 | 621 | ||
| Accumulated other comprehensive loss | (17) | (18) | (28) | (28) | (27) | (9) | (1) | ||
| Retained earnings (accumulated deficit) | (66) | (58) | (69) | (2) | 12 | 3 | 8 | ||
| Stockholders' equity attributable to noncontrolling interest | 298 | 402 | 391 | 520 | 791 | 246 | 382 | ||
| Other undisclosed stockholders' equity | 1 | ||||||||
| Total stockholders' equity: | 2,046 | 2,224 | 2,138 | 2,370 | 2,632 | 1,480 | 1,011 | ||
| TOTAL LIABILITIES AND EQUITY: | 8,838 | 8,500 | 8,283 | 8,383 | 7,775 | 5,752 | 2,313 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,026 | 1,053 | 1,009 | 1,021 | 869 | 583 | 313 | |
| Revenue, net | ✕ | ✕ | 559 | 553 | 332 | 158 | 161 | |
| Operating lease, lease income | 252 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Operating leases, income statement, lease revenue | 363 | 878 | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Cost of revenue | (334) | (332) | (326) | (306) | (312) | (214) | (127) | |
| Gross profit: | 692 | 721 | 683 | 715 | 557 | 369 | 186 | |
| Operating expenses | (81) | (40) | (326) | (306) | (312) | (214) | (127) | |
| Other undisclosed operating income (loss) | (339) | (334) | (74) | (191) | 32 | 66 | 69 | |
| Operating income: | 272 | 347 | 283 | 218 | 277 | 221 | 128 | |
| Nonoperating expense | (380) | (231) | (234) | (234) | (210) | (136) | (11) | |
| Other nonoperating income | 10 | 8 | 4 | 3 | 2 | 3 | 2 | |
| Interest and debt expense | (15) | (7) | (3) | (274) | (9) | (166) | (35) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (123) | 109 | 46 | (290) | 58 | (81) | 82 | |
| Income from equity method investments | 27 | 22 | ||||||
| Other undisclosed income from continuing operations before income taxes | 15 | 7 | 3 | 274 | 9 | 139 | 13 | |
| Income (loss) from continuing operations before income taxes: | (108) | 116 | 49 | (16) | 67 | 85 | 117 | |
| Income tax expense (benefit) | (31) | (62) | (72) | 1 | (12) | (4) | (8) | |
| Net income (loss): | (139) | 54 | (23) | (15) | 55 | 81 | 109 | |
| Net income (loss) attributable to noncontrolling interest | 66 | (2) | 15 | 82 | (42) | (64) | ||
| Net income (loss) attributable to parent: | (73) | 52 | (8) | 67 | 13 | 17 | 109 | |
| Other undisclosed net income (loss) available to common stockholders, basic | (4) | (8) | (10) | 20 | (1) | |||
| Net income (loss) available to common stockholders, diluted: | (73) | 48 | (16) | 57 | 33 | 16 | 109 | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (139) | 54 | (23) | (15) | 55 | 81 | 109 | |
| Other comprehensive income (loss) | (6) | 22 | 10 | 13 | (8) | (29) | 24 | |
| Comprehensive income (loss): | (145) | 76 | (13) | (2) | 47 | 52 | 133 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 69 | (14) | 5 | 68 | (52) | (28) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (4) | (8) | (10) | 20 | (17) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (76) | 58 | (16) | 56 | 15 | 7 | 133 | |
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.