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 investments14840714831711139136
Cash and cash equivalents14840714831711139136
Restricted cash and investments  1681644822 
Receivables1441041081071027342
Inventory, net of allowances, customer advances and progress billings43403939351814
Inventory43403939351814
Derivative instruments and hedges, assets1  2   
Deferred tax assets    16 
Other undisclosed current assets28320519162219175
Total current assets:619756482645318539267
Noncurrent Assets
Operating lease, right-of-use asset191
Property, plant and equipment5,5625,2455,2045,4605,0563,4871,541
Long-term investments and receivables1,1811,1721,178724808242233
Long-term investments1,1811,1721,178710798227227
Accounts and financing receivable, after allowance for credit loss   1410156
Intangible assets, net (including goodwill)1,1031,1561,2281,2861,3621,26686
Intangible assets, net (excluding goodwill)1,1031,1561,2281,2861,3621,26686
Derivative instruments and hedges 8 1 111
Deferred income tax assets73
Other noncurrent assets1091066351619927
Deferred tax assets, net 128216170118146
Other undisclosed noncurrent assets 57    2
Total noncurrent assets:8,2197,7447,8017,7387,4575,2132,046
TOTAL ASSETS:8,8388,5008,2838,3837,7755,7522,313
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities103102115108911940
Accounts payable54452723231940
Accrued liabilities 57888568  
Interest and dividends payable49      
Debt1,965535306282241160133
Derivative instruments and hedges, liabilities1541729393123
Due to related parties631948408544 
Other undisclosed current liabilities10044   4361
Total current liabilities:2,246704486459456297257
Noncurrent Liabilities
Long-term debt and lease obligation4,1435,4475,5315,4264,5623,8901,000
Long-term debt, excluding current maturities4,1435,4475,5315,4264,5623,8901,000
Operating lease, liability193
Other undisclosed long-term debt and lease obligation(193)      
Liabilities, other than long-term debt2101251281281258545
Due to related parties   9   
Other liabilities1151089776643929
Derivative instruments and hedges, liabilities95173143614616
Other undisclosed noncurrent liabilities193      
Total noncurrent liabilities:4,5465,5725,6595,5544,6873,9751,045
Total liabilities:6,7926,2766,1456,0135,1434,2721,302
Stockholders' equity
Stockholders' equity attributable to parent1,7481,8221,7471,8501,8411,234628
Common stock11111  
Additional paid in capital1,8301,8971,8431,8791,8551,240621
Accumulated other comprehensive loss(17)(18)(28)(28)(27)(9)(1)
Retained earnings (accumulated deficit)(66)(58)(69)(2)1238
Stockholders' equity attributable to noncontrolling interest298402391520791246382
Other undisclosed stockholders' equity      1
Total stockholders' equity:2,0462,2242,1382,3702,6321,4801,011
TOTAL LIABILITIES AND EQUITY:8,8388,5008,2838,3837,7755,7522,313

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
Revenues1,0261,0531,0091,021869583313
Revenue, net559553332158161
Operating lease, lease income252
Operating leases, income statement, lease revenue363878
Cost of revenue(334)(332)(326)(306)(312)(214)(127)
Gross profit:692721683715557369186
Operating expenses(81)(40)(326)(306)(312)(214)(127)
Other undisclosed operating income (loss)(339)(334)(74)(191)326669
Operating income:272347283218277221128
Nonoperating expense(380)(231)(234)(234)(210)(136)(11)
Other nonoperating income10843232
Interest and debt expense(15)(7)(3)(274)(9)(166)(35)
Income (loss) from continuing operations before equity method investments, income taxes:(123)10946(290)58(81)82
Income from equity method investments     2722
Other undisclosed income from continuing operations before income taxes1573274913913
Income (loss) from continuing operations before income taxes:(108)11649(16)6785117
Income tax expense (benefit)(31)(62)(72)1(12)(4)(8)
Net income (loss):(139)54(23)(15)5581109
Net income (loss) attributable to noncontrolling interest66(2)1582(42)(64) 
Net income (loss) attributable to parent:(73)52(8)671317109
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)573316109

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)5581109
Other comprehensive income (loss)(6)221013(8)(29)24
Comprehensive income (loss):(145)76(13)(2)4752133
Comprehensive income (loss), net of tax, attributable to noncontrolling interest69(14)568(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)56157133

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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