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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments179268 407148317
Cash and cash equivalents179268 407148317
Restricted cash and investments    168164
Receivables144143 104108107
Inventory, net of allowances, customer advances and progress billings3742 403939
Inventory3742 403939
Derivative instruments and hedges, assets     2
Assets held-for-sale, not part of disposal group631     
Other undisclosed current assets540255 2051916
Total current assets:1,531708 756482645
Noncurrent Assets
Operating lease, right-of-use asset550337 
Property, plant and equipment7,6507,217 5,2455,2045,460
Long-term investments and receivables381741 1,1721,178724
Long-term investments381741 1,1721,178710
Accounts and financing receivable, after allowance for credit loss     14
Intangible assets, net (including goodwill)801,370 1,1561,2281,286
Intangible assets, net (excluding goodwill)801,370 1,1561,2281,286
Derivative instruments and hedges61 8 1
Deferred income tax assets95104 
Other noncurrent assets101114 1066351
Deferred tax assets, net 128216
Other undisclosed noncurrent assets2,419  57  
Total noncurrent assets:11,2829,884 7,7447,8017,738
TOTAL ASSETS:12,81310,592 8,5008,2838,383
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities158151 102115108
Accounts payable7472 452723
Accrued liabilities8479 578885
Debt772384 535306282
Derivative instruments and hedges, liabilities4638 41729
Due to related parties10717 194840
Disposal group, including discontinued operation494     
Other undisclosed current liabilities5444 44  
Total current liabilities:1,631634 704486459
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,9396,585 5,4475,5315,426
Long-term debt, excluding current maturities6,9396,585 5,4475,5315,426
Operating lease, liability561345 
Other undisclosed long-term debt and lease obligation(561)(345)    
Liabilities, other than long-term debt382313 125128128
Deferred income tax liabilities13  
Due to related parties     9
Other liabilities173178 1089776
Derivative instruments and hedges, liabilities196135 173143
Other undisclosed noncurrent liabilities561345    
Total noncurrent liabilities:7,8827,243 5,5725,6595,554
Total liabilities:9,5137,877 6,2766,1456,013
Stockholders' equity
Stockholders' equity attributable to parent1,8341,825 1,8221,7471,850
Common stock11 111
Additional paid in capital1,8721,922 1,8971,8431,879
Accumulated other comprehensive loss(6)(14) (18)(28)(28)
Accumulated deficit(33)(84) (58)(69)(2)
Stockholders' equity attributable to noncontrolling interest1,466890 402391520
Total stockholders' equity:3,3002,715 2,2242,1382,370
TOTAL LIABILITIES AND EQUITY:12,81310,592 8,5008,2838,383

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,2861,199 1,0531,0091,021
Revenue, net559553
Operating lease, lease income741  
Operating leases, income statement, lease revenue878
Cost of revenue(451)(366) (332)(326)(306)
Gross profit:835833 721683715
Operating expenses(47)(43) (40)(326)(306)
Other undisclosed operating loss(521)(457) (334)(74)(191)
Operating income:267333 347283218
Nonoperating expense(330)(387) (231)(234)(234)
Interest and debt expense(53)(24) (7)(3)(274)
Income (loss) from continuing operations before equity method investments, income taxes:(116)(78) 10946(290)
Other undisclosed income from continuing operations before income taxes5324 73274
Income (loss) from continuing operations before income taxes:(63)(54) 11649(16)
Income tax expense (benefit)(12)(8) (62)(72)1
Net income (loss):(75)(62) 54(23)(15)
Net income (loss) attributable to noncontrolling interest12687 (2)1582
Net income (loss) attributable to parent:5125 52(8)67
Other undisclosed net loss available to common stockholders, basic   (4)(8)(10)
Net income (loss) available to common stockholders, diluted:5125 48(16)57

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(75)(62) 54(23)(15)
Other comprehensive income191 221013
Comprehensive income (loss):(56)(61) 76(13)(2)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest11587 (14)568
Other undisclosed comprehensive loss, net of tax, attributable to parent   (4)(8)(10)
Comprehensive income (loss), net of tax, attributable to parent:5926 58(16)56

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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