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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 407148317111391
Cash and cash equivalents 407148317111391
Restricted cash and investments  1681644822
Receivables 10410810710273
Inventory, net of allowances, customer advances and progress billings 4039393518
Inventory 4039393518
Derivative instruments and hedges, assets   2  
Deferred tax assets    16
Other undisclosed current assets 20519162219
Total current assets: 756482645318539
Noncurrent Assets
Property, plant and equipment 5,2455,2045,4605,0563,487
Long-term investments and receivables 1,1721,178724808242
Long-term investments 1,1721,178710798227
Accounts and financing receivable, after allowance for credit loss   141015
Intangible assets, net (including goodwill) 1,1561,2281,2861,3621,266
Intangible assets, net (excluding goodwill) 1,1561,2281,2861,3621,266
Derivative instruments and hedges 8 1 1
Other noncurrent assets 10663516199
Deferred tax assets, net 128216170118
Other undisclosed noncurrent assets 57    
Total noncurrent assets: 7,7447,8017,7387,4575,213
TOTAL ASSETS: 8,5008,2838,3837,7755,752
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1021151089119
Accounts payable 4527232319
Accrued liabilities 57888568 
Debt 535306282241160
Derivative instruments and hedges, liabilities 417293931
Due to related parties 1948408544
Other undisclosed current liabilities 44   43
Total current liabilities: 704486459456297
Noncurrent Liabilities
Long-term debt and lease obligation 5,4475,5315,4264,5623,890
Long-term debt, excluding current maturities 5,4475,5315,4264,5623,890
Liabilities, other than long-term debt 12512812812585
Due to related parties   9  
Other liabilities 10897766439
Derivative instruments and hedges, liabilities 1731436146
Total noncurrent liabilities: 5,5725,6595,5544,6873,975
Total liabilities: 6,2766,1456,0135,1434,272
Stockholders' equity
Stockholders' equity attributable to parent 1,8221,7471,8501,8411,234
Common stock 1111 
Additional paid in capital 1,8971,8431,8791,8551,240
Accumulated other comprehensive loss (18)(28)(28)(27)(9)
Retained earnings (accumulated deficit) (58)(69)(2)123
Stockholders' equity attributable to noncontrolling interest 402391520791246
Total stockholders' equity: 2,2242,1382,3702,6321,480
TOTAL LIABILITIES AND EQUITY: 8,5008,2838,3837,7755,752

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 1,0531,0091,021869583
Revenue, net559553332158
Operating leases, income statement, lease revenue878
Cost of revenue (332)(326)(306)(312)(214)
Gross profit: 721683715557369
Operating expenses (40)(326)(306)(312)(214)
Other undisclosed operating income (loss) (334)(74)(191)3266
Operating income: 347283218277221
Nonoperating expense (231)(234)(234)(210)(136)
Interest and debt expense (7)(3)(274)(9)(166)
Income (loss) from continuing operations before equity method investments, income taxes: 10946(290)58(81)
Income from equity method investments     27
Other undisclosed income from continuing operations before income taxes 732749139
Income (loss) from continuing operations before income taxes: 11649(16)6785
Income tax expense (benefit) (62)(72)1(12)(4)
Net income (loss): 54(23)(15)5581
Net income (loss) attributable to noncontrolling interest (2)1582(42)(64)
Net income (loss) attributable to parent: 52(8)671317
Other undisclosed net income (loss) available to common stockholders, basic (4)(8)(10)20(1)
Net income (loss) available to common stockholders, diluted: 48(16)573316

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 54(23)(15)5581
Other comprehensive income (loss) 221013(8)(29)
Comprehensive income (loss): 76(13)(2)4752
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (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: 58(16)56157

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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