Clearway Energy, Inc. (CWEN-A) Financials

NYSE:CWEN-A

Market Cap

4.96B

Total Revenue

1.19B

Gross Profit

755.00M

Operating Income

247.00M

Net Income

1.06B

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	313,000,000	689,000,000	953,000,000	1,021,000,000	1,009,000,000	1,053,000,000	1,032,000,000	1,199,000,000	1,286,000,000	1,190,000,000
costOfRevenue	127,000,000	239,000,000	321,000,000	306,000,000	326,000,000	332,000,000	342,000,000	366,000,000	451,000,000	435,000,000
grossProfit	186,000,000	450,000,000	632,000,000	715,000,000	683,000,000	721,000,000	690,000,000	833,000,000	835,000,000	755,000,000
researchAndDevelopmentExpenses	--	--	--	--	--	3,000,000	5,000,000	5,000,000	6,000,000	2,000,000
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	7,000,000	8,000,000	12,000,000	16,000,000	19,000,000	20,000,000	29,000,000	34,000,000	40,000,000	40,000,000
sellingGeneralAndAdministrativeExpenses	7,000,000	8,000,000	12,000,000	16,000,000	19,000,000	20,000,000	29,000,000	34,000,000	40,000,000	40,000,000
operatingExpenses	58,000,000	174,000,000	309,000,000	313,000,000	353,000,000	354,000,000	430,000,000	467,000,000	555,000,000	554,000,000
operatingIncome	128,000,000	272,000,000	320,000,000	218,000,000	283,000,000	347,000,000	352,000,000	333,000,000	267,000,000	247,000,000
totalOtherIncomeExpensesNet	24,000,000	26,000,000	17,000,000	-144,000,000	25,000,000	55,000,000	-456,000,000	-387,000,000	-330,000,000	1,035,000,000
ebitda	204,000,000	499,000,000	705,000,000	817,000,000	809,000,000	850,000,000	826,000,000	899,000,000	970,000,000	931,000,000
depreciationAndAmortization	52,000,000	193,000,000	353,000,000	375,000,000	404,000,000	401,000,000	474,000,000	566,000,000	703,000,000	684,000,000
interestIncome	--	--	--	--	--	--	--	--	--	--
interestExpense	35,000,000	186,000,000	263,000,000	274,000,000	306,000,000	306,000,000	404,000,000	415,000,000	312,000,000	232,000,000
incomeBeforeTax	117,000,000	116,000,000	77,000,000	-16,000,000	49,000,000	116,000,000	-104,000,000	-54,000,000	-63,000,000	1,282,000,000
incomeTaxExpense	8,000,000	4,000,000	12,000,000	-1,000,000	72,000,000	62,000,000	-8,000,000	8,000,000	12,000,000	222,000,000
netIncome	13,000,000	16,000,000	33,000,000	57,000,000	-16,000,000	48,000,000	-96,000,000	-62,000,000	-75,000,000	1,060,000,000
eps	0.29	0.3	0.4	0.58	-0.16	0.46	-0.88	-0.54	-0.64	30.29
epsdiluted	0.29	0.3	0.4	0.58	-0.16	0.46	-0.88	-0.53	-0.64	30.29
weightedAverageShsOut	46,000,000	56,000,000	84,000,000	98,000,000	99,000,000	104,000,000	109,000,000	115,000,000	117,000,000	35,000,000
weightedAverageShsOutDil	46,000,000	56,000,000	84,000,000	98,000,000	99,000,000	104,000,000	109,000,000	116,000,000	117,000,000	35,000,000
costAndExpenses	185,000,000	413,000,000	630,000,000	619,000,000	679,000,000	686,000,000	772,000,000	833,000,000	1,006,000,000	989,000,000
otherExpenses	2,000,000	3,000,000	3,000,000	3,000,000	4,000,000	8,000,000	396,000,000	428,000,000	509,000,000	512,000,000

Key Facts

Industry

Utilities—Renewable

Sector

Utilities

Headquarters

Princeton, NJ, US

Website

clearwayenergy.com

CEO

Mr. Christopher S. Sotos

Employees

About the Company

Clearway Energy, Inc. operates in the renewable energy business in the United States. It has approximately 5,000 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities. The company was formerly known as NRG Yield, Inc. and changed its name to Clearway Energy, Inc. in August 2018. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. is a subsidiary of Clearway Energy Group LLC.