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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments268 407148317111
Cash and cash equivalents268 407148317111
Restricted cash and investments   16816448
Receivables143 104108107102
Inventory, net of allowances, customer advances and progress billings42 40393935
Inventory42 40393935
Derivative instruments and hedges, assets    2 
Other undisclosed current assets255 205191622
Total current assets:708 756482645318
Noncurrent Assets
Operating lease, right-of-use asset337 
Property, plant and equipment7,217 5,2455,2045,4605,056
Long-term investments and receivables741 1,1721,178724808
Long-term investments741 1,1721,178710798
Accounts and financing receivable, after allowance for credit loss    1410
Intangible assets, net (including goodwill)1,370 1,1561,2281,2861,362
Intangible assets, net (excluding goodwill)1,370 1,1561,2281,2861,362
Derivative instruments and hedges1 8 1 
Deferred income tax assets104 
Other noncurrent assets114 106635161
Deferred tax assets, net 128216170
Other undisclosed noncurrent assets  57   
Total noncurrent assets:9,884 7,7447,8017,7387,457
TOTAL ASSETS:10,592 8,5008,2838,3837,775
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities151 10211510891
Accounts payable72 45272323
Accrued liabilities79 57888568
Debt384 535306282241
Derivative instruments and hedges, liabilities38 4172939
Due to related parties17 19484085
Other undisclosed current liabilities44 44   
Total current liabilities:634 704486459456
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,585 5,4475,5315,4264,562
Long-term debt, excluding current maturities6,585 5,4475,5315,4264,562
Operating lease, liability345 
Other undisclosed long-term debt and lease obligation(345)     
Liabilities, other than long-term debt313 125128128125
Due to related parties    9 
Other liabilities178 108977664
Derivative instruments and hedges, liabilities135 17314361
Other undisclosed noncurrent liabilities345     
Total noncurrent liabilities:7,243 5,5725,6595,5544,687
Total liabilities:7,877 6,2766,1456,0135,143
Stockholders' equity
Stockholders' equity attributable to parent1,825 1,8221,7471,8501,841
Common stock1 1111
Additional paid in capital1,922 1,8971,8431,8791,855
Accumulated other comprehensive loss(14) (18)(28)(28)(27)
Retained earnings (accumulated deficit)(84) (58)(69)(2)12
Stockholders' equity attributable to noncontrolling interest890 402391520791
Total stockholders' equity:2,715 2,2242,1382,3702,632
TOTAL LIABILITIES AND EQUITY:10,592 8,5008,2838,3837,775

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,199 1,0531,0091,021869
Revenue, net559553332
Operating leases, income statement, lease revenue878
Cost of revenue(366) (332)(326)(306)(312)
Gross profit:833 721683715557
Operating expenses(43) (40)(326)(306)(312)
Other undisclosed operating income (loss)(457) (334)(74)(191)32
Operating income:333 347283218277
Nonoperating expense(387) (231)(234)(234)(210)
Interest and debt expense(24) (7)(3)(274)(9)
Income (loss) from continuing operations before equity method investments, income taxes:(78) 10946(290)58
Other undisclosed income from continuing operations before income taxes24 732749
Income (loss) from continuing operations before income taxes:(54) 11649(16)67
Income tax expense (benefit)(8) (62)(72)1(12)
Net income (loss):(62) 54(23)(15)55
Net income (loss) attributable to noncontrolling interest87 (2)1582(42)
Net income (loss) attributable to parent:25 52(8)6713
Other undisclosed net income (loss) available to common stockholders, basic  (4)(8)(10)20
Net income (loss) available to common stockholders, diluted:25 48(16)5733

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(62) 54(23)(15)55
Other comprehensive income (loss)1 221013(8)
Comprehensive income (loss):(61) 76(13)(2)47
Comprehensive income (loss), net of tax, attributable to noncontrolling interest87 (14)568(52)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (4)(8)(10)20
Comprehensive income (loss), net of tax, attributable to parent:26 58(16)5615

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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