Clearway Energy (CWEN.A) Financials

$28.63 -0.26 (-0.90%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$28.64 +0.01 (+0.02%)

As of 05/23/2025 05:46 PM Eastern

Annual Income Statements for Clearway Energy

This table shows Clearway Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	88	79	582	51	25	-11	48	-16	57	33
Consolidated Net Income / (Loss)	-63	-14	1,060	-75	-62	-96	54	-24	2.00	72
Net Income / (Loss) Continuing Operations	-63	-14	1,060	-75	-62	-96	54	-24	2.00	72
Total Pre-Tax Income	-33	-16	1,282	-63	-54	-104	116	48	1.00	84
Total Operating Income	196	263	178	267	333	224	347	283	222	326
Total Gross Profit	1,371	1,314	1,190	1,286	833	695	726	683	727	645
Total Revenue	1,371	1,314	1,190	1,286	1,199	1,032	1,053	1,009	1,035	968
Total Cost of Revenue	0.00	0.00	0.00	0.00	366	337	327	326	308	323
Total Operating Expenses	1,175	1,051	1,012	1,019	500	471	379	400	505	319
Selling, General & Admin Expense	540	509	475	491	34	29	20	19	16	12
Research & Development Expense	0.00	0.00	2.00	6.00	5.00	5.00	3.00	0.00	0.00	-
Depreciation Expense	627	526	512	509	428	401	336	334	303	303
Impairment Charge	0.00	12	16	6.00	24	33	0.00	44	185	1.00
Restructuring Charge	8.00	4.00	7.00	7.00	9.00	3.00	20	3.00	1.00	3.00
Total Other Income / (Expense), net	-229	-279	1,104	-330	-387	-328	-231	-235	-221	-242
Interest Expense	312	343	234	365	439	420	313	310	284	276
Interest & Investment Income	35	12	29	32	48	83	74	71	60	31
Other Income / (Expense), net	48	52	1,309	3.00	4.00	9.00	8.00	4.00	3.00	3.00
Income Tax Expense	30	-2.00	222	12	8.00	-8.00	62	72	-1.00	12
Net Income / (Loss) Attributable to Noncontrolling Interest	-151	-93	478	-126	-87	-85	2.00	-15	-51	39
Basic Earnings per Share	$2.25	$2.01	$4.99	$0.44	$0.22	($0.10)	$1.38	($0.32)	$1.16	$0.00
Weighted Average Basic Shares Outstanding	118M	117M	117M	117M	115M	35M	35M	35M	35M	0.00
Diluted Earnings per Share	$1.50	$1.34	$4.99	$0.44	$0.22	($0.10)	$1.38	($0.32)	$1.16	$0.00
Weighted Average Diluted Shares Outstanding	153M	152M	35M	35M	35M	109M	104M	35M	35M	0.00
Weighted Average Basic & Diluted Shares Outstanding	202.15M	202.08M	201.97M	35M	35M	109M	104M	99M	98M	84M
Cash Dividends to Common per Share	$3.30	$3.08	$2.86	$2.66	$2.10	$1.60	$2.52	$2.20	$1.89	$1.64

This table shows Clearway Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	4.00	3.00	36	51	-2.00	37	4.00	38	0.00	12	32
Consolidated Net Income / (Loss)	-104	-48	27	4.00	-46	-73	15	84	-40	-54	62
Net Income / (Loss) Continuing Operations	-104	-48	27	4.00	-46	-73	15	84	-40	-54	62
Total Pre-Tax Income	-104	-48	60	14	-59	-142	72	106	-52	-69	75
Total Operating Income	0.00	-37	178	84	-29	-22	94	149	42	11	105
Total Gross Profit	298	256	486	366	263	249	371	406	288	268	340
Total Revenue	298	256	486	366	263	249	371	406	288	268	340
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	298	293	308	282	292	271	277	257	246	257	235
Selling, General & Admin Expense	132	133	144	126	137	121	143	127	118	106	106
Depreciation Expense	163	156	164	153	154	137	133	128	128	133	129
Restructuring Charge	3.00	4.00	0.00	3.00	1.00	1.00	1.00	2.00	0.00	2.00	0.00
Total Other Income / (Expense), net	-104	-11	-118	-70	-30	-120	-22	-43	-94	-80	-30
Interest Expense	116	25	139	90	58	141	48	55	99	89	49
Interest & Investment Income	5.00	2.00	13	8.00	12	1.00	11	3.00	-3.00	1.00	14
Other Income / (Expense), net	7.00	12	8.00	12	16	20	15	9.00	8.00	8.00	5.00
Income Tax Expense	0.00	-	33	10	-13	-69	57	22	-12	-15	13
Net Income / (Loss) Attributable to Noncontrolling Interest	-108	-51	-9.00	-47	-44	-110	11	46	-40	-66	30
Basic Earnings per Share	$0.06	$0.81	$0.62	$0.86	($0.04)	$1.29	$0.06	$0.66	$0.00	($4.79)	$0.56
Weighted Average Basic Shares Outstanding	118M	118M	118M	117M	117M	117M	117M	117M	117M	117M	117M
Diluted Earnings per Share	$0.06	$0.06	$0.62	$0.86	($0.04)	$0.62	$0.06	$0.66	$0.00	($4.79)	$0.56
Weighted Average Diluted Shares Outstanding	118M	153M	118M	117M	117M	152M	117M	117M	117M	35M	117M
Weighted Average Basic & Diluted Shares Outstanding	202.19M	202.15M	202.15M	202.14M	202.14M	202.08M	202.08M	202.08M	202.08M	201.97M	201.88M
Cash Dividends to Common per Share	$0.86	$0.84	$0.83	$0.82	$0.81	$0.79	$0.78	$0.76	$0.75	$0.74	$0.72

This table details how cash moves in and out of Clearway Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-318	55	342	189	48	-166	267	-182	244	-319
Net Cash From Operating Activities	770	702	787	701	545	477	498	517	577	425
Net Cash From Continuing Operating Activities	770	702	787	701	545	477	498	517	577	425
Net Income / (Loss) Continuing Operations	-63	-14	1,060	-75	-62	-96	54	-24	2.00	72
Consolidated Net Income / (Loss)	-63	-14	1,060	-75	-62	-96	54	-24	2.00	72
Depreciation Expense	627	526	512	509	428	401	335	334	303	303
Amortization Expense	209	196	186	160	105	95	94	95	96	71
Non-Cash Adjustments To Reconcile Net Income	19	51	-1,252	81	67	10	3.00	60	189	30
Changes in Operating Assets and Liabilities, net	-22	-57	281	26	7.00	67	12	52	-13	-51
Net Cash From Investing Activities	-725	-523	1,065	-865	-62	-468	-185	-442	-131	-1,098
Net Cash From Continuing Investing Activities	-725	-523	1,065	-865	-62	-468	-185	-442	-131	-1,098
Purchase of Property, Plant & Equipment	-287	-212	-112	-151	-124	-228	-83	-190	-20	-29
Acquisitions	-678	-73	-71	-762	-11	-113	-45	-73	-83	-1,137
Purchase of Investments	184	-174	0.00	-	-	-29	0.00	0.00	-	-
Sale of Property, Plant & Equipment	0.00	0.00	1,457	0.00	90	20	0.00	0.00	-	-
Sale and/or Maturity of Investments	41	14	13	47	79	56	45	47	28	42
Other Investing Activities, net	15	-78	-222	1.00	-96	-174	-102	-226	-56	26
Net Cash From Financing Activities	-363	-124	-1,510	367	-435	-175	-46	-257	-202	354
Net Cash From Continuing Financing Activities	-363	-124	-1,510	367	-435	-175	-46	-257	-202	354
Repayment of Debt	-1,980	-1,370	-1,533	-2,682	-1,812	-1,661	-914	-344	-650	-442
Payment of Dividends	-342	-345	-361	-268	-281	-155	-238	-225	-357	-96
Issuance of Debt	466	563	324	2,350	1,349	1,367	862	265	800	293
Issuance of Common Equity	1,493	1,028	60	967	309	274	244	47	5.00	599
Cash Interest Paid	324	304	317	337	325	313	292	297	271	279
Cash Income Taxes Paid	1.00	31	9.00	0.00	0.00	-	-	-	-	-

This table details how cash moves in and out of Clearway Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-22	59	104	-393	-88	-105	238	-95	17	-160	-132
Net Cash From Operating Activities	95	192	301	196	81	206	287	134	75	180	328
Net Cash From Continuing Operating Activities	95	192	301	196	81	206	287	134	75	180	328
Net Income / (Loss) Continuing Operations	-104	-48	27	4.00	-46	-73	15	84	-40	-54	62
Consolidated Net Income / (Loss)	-104	-48	27	4.00	-46	-73	15	84	-40	-54	62
Depreciation Expense	163	156	164	153	154	137	133	128	128	133	129
Amortization Expense	91	28	83	46	52	112	35	-4.00	53	-24	29
Non-Cash Adjustments To Reconcile Net Income	7.00	17	12	-12	2.00	34	-2.00	6.00	13	30	-3.00
Changes in Operating Assets and Liabilities, net	-62	39	15	5.00	-81	-4.00	106	-80	-79	95	111
Net Cash From Investing Activities	-46	-51	-27	-444	-203	-252	-155	-30	-86	-35	-231
Net Cash From Continuing Investing Activities	-46	-51	-27	-444	-203	-252	-155	-30	-86	-35	-231
Purchase of Property, Plant & Equipment	-56	-50	-35	-104	-98	-69	-34	-21	-88	-17	-14
Acquisitions	-4.00	-7.00	-671	111	-111	-145	89	-10	-7.00	203	-223
Sale and/or Maturity of Investments	6.00	3.00	3.00	31	4.00	-	4.00	1.00	9.00	1.00	6.00
Other Investing Activities, net	8.00	3.00	492	-482	2.00	-79	1.00	-	0.00	-222	-
Net Cash From Financing Activities	-71	-82	-170	-145	34	-59	106	-199	28	-305	-229
Net Cash From Continuing Financing Activities	-71	-82	-170	-145	34	-59	106	-199	28	-305	-229
Repayment of Debt	-63	-308	-90	-1,416	-166	-970	-84	-105	-211	-329	-146
Payment of Dividends	-43	-1,478	-99	1,109	126	-387	-61	-94	197	-61	-88
Issuance of Debt	35	211	19	162	74	270	251	-	42	25	5.00

This table presents Clearway Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	14,329	14,701	12,312	12,813	10,592	9,700	8,500	8,489	8,962	8,689
Total Current Assets	1,067	1,560	1,276	1,531	708	608	756	482	670	416
Cash & Equivalents	332	535	657	179	268	155	407	148	322	111
Restricted Cash	401	516	339	475	197	262	176	168	176	131
Note & Lease Receivable	0.00	174	0.00	-	-	-	-	13	16	17
Accounts Receivable	164	171	153	144	143	118	104	95	95	101
Inventories, net	64	55	47	37	42	40	40	39	39	36
Prepaid Expenses	67	68	54	65	58	33	29	19	22	20
Other Current Assets	39	41	26	631	0.00	-	-	-	-	0.00
Plant, Property, & Equipment, net	9,944	9,526	7,421	7,650	7,217	6,063	5,245	5,410	5,554	5,878
Total Noncurrent Assets	3,318	3,615	3,615	3,632	2,667	3,029	2,499	2,597	2,738	2,395
Long-Term Investments	309	360	364	381	741	1,183	1,172	1,178	1,152	697
Intangible Assets	2,193	2,374	2,565	2,499	1,370	1,428	1,156	1,228	1,303	1,362
Other Noncurrent Operating Assets	816	881	686	657	452	326	114	63	67	136
Total Liabilities & Shareholders' Equity	14,329	14,701	12,312	12,813	10,592	9,700	8,500	8,489	8,962	8,689
Total Liabilities	8,765	9,706	8,279	9,513	7,877	7,437	6,276	6,330	6,363	5,951
Total Current Liabilities	718	906	617	1,631	634	2,057	704	540	505	489
Short-Term Debt	430	558	322	772	384	1,824	535	339	323	264
Accounts Payable	82	130	55	74	72	74	45	46	23	23
Accrued Expenses	66	79	114	84	79	71	57	50	86	77
Other Current Liabilities	87	82	72	153	55	47	23	67	73	125
Other Current Nonoperating Liabilities	53	57	54	548	44	41	44	38	-	-
Total Noncurrent Liabilities	8,047	8,800	7,662	7,882	7,243	5,380	5,572	5,790	5,858	5,462
Long-Term Debt	6,750	7,479	6,491	6,939	6,585	4,956	5,447	5,659	5,726	5,329
Capital Lease Obligations	569	627	548	-	345	227	0.00	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	89	127	119	13	0.00	-	-	-	-	-
Other Noncurrent Operating Liabilities	639	567	504	930	313	197	125	131	123	133
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Redeemable Noncontrolling Interest	0.00	1.00	7.00	0.00	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	5,564	4,994	4,026	3,300	2,715	2,263	2,224	2,159	2,599	2,738
Total Preferred & Common Equity	2,063	2,101	2,234	1,834	1,825	1,850	1,822	1,747	1,850	1,841
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,063	2,101	2,234	1,834	1,825	1,850	1,822	1,747	1,850	1,841
Common Stock	1,806	1,733	1,762	1,873	1,923	1,937	1,898	1,844	1,880	1,856
Retained Earnings	254	361	463	-33	-84	-72	-58	-69	-2.00	12
Accumulated Other Comprehensive Income / (Loss)	3.00	7.00	9.00	-6.00	-14	-15	-18	-28	-28	-27
Noncontrolling Interest	3,501	2,893	1,792	1,466	890	413	402	412	749	897

This table presents Clearway Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	14,647	14,249	14,517	14,862	13,370	12,624	12,749	12,596
Total Current Assets	1,039	1,051	1,021	1,497	1,734	1,289	1,289	1,488
Cash & Equivalents	297	292	226	478	566	547	576	793
Restricted Cash	414	382	344	485	590	371	437	363
Accounts Receivable	183	199	256	184	196	216	150	200
Inventories, net	67	63	60	58	55	51	49	48
Prepaid Expenses	54	81	84	60	61	70	50	61
Other Current Assets	24	34	51	54	51	34	27	23
Plant, Property, & Equipment, net	10,329	9,895	9,952	9,746	8,025	7,748	7,863	7,437
Total Noncurrent Assets	3,279	3,303	3,544	3,619	3,611	3,587	3,597	3,671
Long-Term Investments	300	322	321	349	373	352	346	377
Intangible Assets	2,150	2,240	2,285	2,331	2,424	2,471	2,518	2,615
Other Noncurrent Operating Assets	829	741	938	939	814	764	733	679
Total Liabilities & Shareholders' Equity	14,647	14,249	14,517	14,862	13,370	12,624	12,749	12,596
Total Liabilities	9,227	8,616	8,800	9,815	9,102	8,482	8,587	8,480
Total Current Liabilities	684	661	701	874	844	606	638	808
Short-Term Debt	392	412	412	565	522	330	366	493
Accounts Payable	98	78	86	123	73	63	70	53
Accrued Expenses	56	71	77	64	82	54	77	127
Other Current Liabilities	101	65	71	80	126	105	89	94
Other Current Nonoperating Liabilities	37	35	55	42	41	54	36	41
Total Noncurrent Liabilities	8,543	7,955	8,099	8,941	8,258	7,876	7,949	7,672
Long-Term Debt	7,231	6,732	6,797	7,579	6,995	6,708	6,769	6,519
Capital Lease Obligations	594	570	626	642	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	68	58	35	111	152	118	98	125
Other Noncurrent Operating Liabilities	650	595	641	609	1,111	1,050	1,082	1,028
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,420	5,624	5,711	5,045	4,250	4,127	4,153	4,109
Total Preferred & Common Equity	1,943	2,134	2,150	2,058	2,110	2,140	2,147	2,291
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,943	2,134	2,150	2,058	2,110	2,140	2,147	2,291
Common Stock	1,736	1,832	1,831	1,742	1,729	1,719	1,720	1,787
Retained Earnings	207	301	314	311	370	412	419	494
Accumulated Other Comprehensive Income / (Loss)	0.00	1.00	5.00	5.00	11	9.00	8.00	10
Noncontrolling Interest	3,477	3,490	3,561	2,987	2,140	1,987	2,006	1,818

This table displays calculated financial ratios and metrics derived from Clearway Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.34%	10.42%	-7.47%	7.26%	16.18%	-1.99%	4.36%	-2.51%	6.92%	16.91%
EBITDA Growth	4.15%	-52.54%	132.69%	7.93%	19.34%	-7.02%	9.50%	14.74%	-11.24%	19.97%
EBIT Growth	-22.54%	-78.82%	450.74%	-19.88%	44.64%	-34.37%	23.69%	27.56%	-31.61%	5.45%
NOPAT Growth	-25.48%	25.09%	-21.25%	-19.82%	48.66%	-2.93%	214.16%	-131.87%	58.90%	-5.30%
Net Income Growth	-350.00%	-101.32%	1,513.33%	-20.97%	35.42%	-277.78%	325.00%	-1,300.00%	-97.22%	-33.33%
EPS Growth	11.94%	-73.15%	1,034.09%	100.00%	320.00%	-107.25%	531.25%	-127.59%	0.00%	0.00%
Operating Cash Flow Growth	9.69%	-10.80%	12.27%	28.62%	14.26%	-4.22%	-3.68%	-10.40%	35.76%	17.40%
Free Cash Flow Firm Growth	105.81%	-448.59%	139.67%	-59.29%	12.87%	-388.19%	123.43%	-80.16%	283.18%	87.72%
Invested Capital Growth	0.15%	21.98%	-4.14%	18.69%	14.99%	18.72%	-3.07%	-4.37%	-5.21%	10.99%
Revenue Q/Q Growth	0.51%	-1.43%	-4.03%	3.04%	3.90%	0.58%	-0.19%	-1.46%	-2.91%	-5.28%
EBITDA Q/Q Growth	-7.69%	12.96%	-2.06%	-0.74%	4.32%	-3.19%	4.67%	21.36%	-22.68%	-6.52%
EBIT Q/Q Growth	-8.61%	-6.25%	-2.62%	12.03%	6.65%	-17.38%	11.64%	67.84%	-45.78%	-3.52%
NOPAT Q/Q Growth	-7.11%	609.03%	-18.81%	13.14%	7.07%	-17.65%	31.17%	-220.32%	31.05%	-21.73%
Net Income Q/Q Growth	28.41%	-380.00%	0.19%	18.48%	-67.57%	30.94%	12.50%	41.46%	-98.55%	41.18%
EPS Q/Q Growth	7.91%	132.92%	-45.76%	-33.33%	-70.27%	89.01%	105.97%	-136.36%	45.00%	100.00%
Operating Cash Flow Q/Q Growth	-1.79%	3.85%	1.03%	10.74%	0.18%	0.21%	-7.78%	1.97%	3.41%	0.47%
Free Cash Flow Firm Q/Q Growth	106.09%	-220.12%	4.27%	30.78%	-33.89%	-4,586.73%	166.04%	-71.52%	200.22%	12.29%
Invested Capital Q/Q Growth	-0.50%	19.50%	4.69%	5.09%	14.78%	13.10%	-1.67%	1.22%	-1.03%	24.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	69.47%	67.35%	68.95%	67.69%	70.24%	66.63%
EBITDA Margin	78.77%	78.92%	183.61%	73.02%	72.56%	70.64%	74.45%	70.96%	60.29%	72.62%
Operating Margin	14.30%	20.02%	14.96%	20.76%	27.77%	21.71%	32.95%	28.05%	21.45%	33.68%
EBIT Margin	17.80%	23.97%	124.96%	21.00%	28.11%	22.58%	33.71%	28.44%	21.74%	33.99%
Profit (Net Income) Margin	-4.60%	-1.07%	89.08%	-5.83%	-5.17%	-9.30%	5.13%	-2.38%	0.19%	7.44%
Tax Burden Percent	190.91%	87.50%	82.68%	119.05%	114.81%	92.31%	46.55%	-50.00%	200.00%	85.71%
Interest Burden Percent	-13.52%	-5.08%	86.21%	-23.33%	-16.02%	-44.64%	32.68%	16.72%	0.44%	25.53%
Effective Tax Rate	0.00%	0.00%	17.32%	0.00%	0.00%	0.00%	53.45%	150.00%	-100.00%	14.29%
Return on Invested Capital (ROIC)	1.11%	1.64%	1.43%	1.93%	2.81%	2.21%	2.45%	-2.06%	6.17%	3.98%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.73%	-1.32%	15.18%	-1.99%	-2.28%	-2.99%	0.01%	0.56%	-3.59%	-0.80%
Return on Net Nonoperating Assets (RNNOA)	-2.31%	-1.95%	27.48%	-4.42%	-5.30%	-6.49%	0.02%	1.06%	-6.09%	-1.29%
Return on Equity (ROE)	-1.19%	-0.31%	28.91%	-2.49%	-2.49%	-4.28%	2.46%	-1.01%	0.07%	2.69%
Cash Return on Invested Capital (CROIC)	0.96%	-18.16%	5.66%	-15.16%	-11.13%	-14.91%	5.57%	2.40%	11.51%	-6.44%
Operating Return on Assets (OROA)	1.68%	2.33%	11.84%	2.31%	3.32%	2.56%	4.18%	3.29%	2.55%	3.98%
Return on Assets (ROA)	-0.43%	-0.10%	8.44%	-0.64%	-0.61%	-1.05%	0.64%	-0.28%	0.02%	0.87%
Return on Common Equity (ROCE)	-0.47%	-0.15%	16.04%	-1.52%	-1.84%	-3.50%	2.01%	-0.76%	0.05%	1.54%
Return on Equity Simple (ROE_SIMPLE)	-3.05%	-0.67%	47.45%	-4.09%	-3.40%	-5.19%	2.96%	-1.37%	0.11%	3.91%
Net Operating Profit after Tax (NOPAT)	137	184	147	187	233	157	162	-142	444	279
NOPAT Margin	10.01%	14.01%	12.37%	14.53%	19.44%	15.19%	15.34%	-14.02%	42.90%	28.87%
Net Nonoperating Expense Percent (NNEP)	2.85%	2.96%	-13.75%	3.92%	5.09%	5.20%	2.44%	-2.63%	9.76%	4.77%
Return On Investment Capital (ROIC_SIMPLE)	1.03%	1.35%	1.29%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	30.53%	32.66%	31.05%	32.31%	29.76%	33.37%
SG&A Expenses to Revenue	39.39%	38.74%	39.92%	38.18%	2.84%	2.81%	1.90%	1.88%	1.55%	1.24%
R&D to Revenue	0.00%	0.00%	0.17%	0.47%	0.42%	0.48%	0.28%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	85.70%	79.98%	85.04%	79.24%	41.70%	45.64%	35.99%	39.64%	48.79%	32.95%
Earnings before Interest and Taxes (EBIT)	244	315	1,487	270	337	233	355	287	225	329
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,080	1,037	2,185	939	870	729	784	716	624	703
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.40	2.30	2.38	3.21	2.71	1.59	1.35	1.40	1.01	0.86
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	10.88	6.96	3.71	4.72	3.40	3.29
Price to Revenue (P/Rev)	3.61	3.68	4.47	4.57	4.13	2.85	2.34	2.43	1.80	1.63
Price to Earnings (P/E)	56.16	61.20	9.15	115.30	198.04	0.00	51.43	0.00	32.64	47.82
Dividend Yield	6.77%	6.44%	5.42%	4.56%	4.28%	5.27%	9.84%	8.28%	9.29%	7.24%
Earnings Yield	1.78%	1.63%	10.93%	0.87%	0.50%	0.00%	1.94%	0.00%	3.06%	2.09%
Enterprise Value to Invested Capital (EV/IC)	1.23	1.22	1.30	1.33	1.35	1.14	1.09	1.10	1.00	0.96
Enterprise Value to Revenue (EV/Rev)	11.05	11.40	11.03	10.90	9.97	8.49	6.74	7.30	6.77	7.36
Enterprise Value to EBITDA (EV/EBITDA)	14.03	14.45	6.01	14.93	13.73	12.01	9.05	10.29	11.23	10.14
Enterprise Value to EBIT (EV/EBIT)	62.09	47.56	8.83	51.93	35.46	37.58	19.99	25.67	31.15	21.67
Enterprise Value to NOPAT (EV/NOPAT)	110.43	81.38	89.17	75.03	51.26	55.85	43.94	0.00	15.78	25.51
Enterprise Value to Operating Cash Flow (EV/OCF)	19.68	21.34	16.67	20.00	21.92	18.36	14.25	14.25	12.15	16.77
Enterprise Value to Free Cash Flow (EV/FCFF)	128.18	0.00	22.50	0.00	0.00	0.00	19.31	44.79	8.45	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.39	1.73	1.83	2.34	2.69	3.10	2.69	2.78	2.33	2.04
Long-Term Debt to Equity	1.32	1.62	1.75	2.10	2.55	2.29	2.45	2.62	2.20	1.95
Financial Leverage	1.33	1.48	1.81	2.22	2.33	2.17	2.01	1.88	1.70	1.62
Leverage Ratio	2.75	2.99	3.43	3.89	4.08	4.06	3.88	3.67	3.31	3.09
Compound Leverage Factor	-0.37	-0.15	2.95	-0.91	-0.65	-1.81	1.27	0.61	0.01	0.79
Debt to Total Capital	58.21%	63.43%	64.60%	70.03%	72.93%	75.59%	72.90%	73.53%	69.95%	67.13%
Short-Term Debt to Total Capital	3.23%	4.09%	2.83%	7.01%	3.83%	19.68%	6.52%	4.16%	3.74%	3.17%
Long-Term Debt to Total Capital	54.98%	59.35%	61.78%	63.02%	69.10%	55.91%	66.38%	69.38%	66.21%	63.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	26.30%	21.19%	15.79%	13.31%	8.87%	4.46%	4.90%	5.05%	8.66%	10.77%
Common Equity to Total Capital	15.50%	15.38%	19.61%	16.66%	18.20%	19.96%	22.20%	21.42%	21.39%	22.10%
Debt to EBITDA	7.18	8.35	3.37	8.21	8.41	9.61	7.63	8.38	9.69	7.96
Net Debt to EBITDA	6.21	6.99	2.75	7.11	7.02	7.42	5.39	6.29	7.05	6.62
Long-Term Debt to EBITDA	6.78	7.82	3.22	7.39	7.97	7.11	6.95	7.90	9.18	7.58
Debt to NOPAT	56.48	47.06	50.01	41.26	31.38	44.69	37.03	-42.39	13.62	20.02
Net Debt to NOPAT	48.88	39.40	40.77	35.72	26.20	34.48	26.17	-31.83	9.91	16.66
Long-Term Debt to NOPAT	53.35	44.03	47.83	37.13	29.73	33.05	33.72	-39.99	12.90	19.07
Altman Z-Score	0.54	0.55	1.00	0.53	0.59	0.23	0.50	0.44	0.40	0.39
Noncontrolling Interest Sharing Ratio	60.56%	51.98%	44.52%	39.17%	26.18%	18.16%	18.57%	24.40%	30.84%	42.66%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.49	1.72	2.07	0.94	1.12	0.30	1.07	0.89	1.33	0.85
Quick Ratio	0.69	0.97	1.31	0.20	0.65	0.13	0.73	0.47	0.86	0.47
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	118	-2,033	583	-1,470	-923	-1,059	368	165	829	-453
Operating Cash Flow to CapEx	268.29%	331.13%	0.00%	464.24%	1,602.94%	229.33%	600.00%	272.11%	2,885.00%	1,465.52%
Free Cash Flow to Firm to Interest Expense	0.38	-5.93	2.49	-4.03	-2.10	-2.52	1.17	0.53	2.92	-1.64
Operating Cash Flow to Interest Expense	2.47	2.05	3.36	1.92	1.24	1.14	1.59	1.67	2.03	1.54
Operating Cash Flow Less CapEx to Interest Expense	1.55	1.43	9.11	1.51	1.16	0.64	1.33	1.05	1.96	1.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.10	0.09	0.11	0.12	0.11	0.12	0.12	0.12	0.12
Accounts Receivable Turnover	8.19	8.11	8.01	8.96	9.19	9.30	10.58	10.62	10.56	8.84
Inventory Turnover	0.00	0.00	0.00	0.00	8.93	8.43	8.28	8.36	8.21	9.50
Fixed Asset Turnover	0.14	0.16	0.16	0.17	0.18	0.18	0.20	0.18	0.18	0.18
Accounts Payable Turnover	0.00	0.00	0.00	0.00	5.01	5.66	7.19	9.45	13.39	14.36
Days Sales Outstanding (DSO)	44.59	45.00	45.55	40.73	39.73	39.26	34.49	34.37	34.56	41.29
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	40.89	43.32	44.09	43.67	44.44	38.42
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	72.80	64.44	50.79	38.63	27.26	25.43
Cash Conversion Cycle (CCC)	44.59	45.00	45.55	40.73	7.81	18.14	27.79	39.40	51.74	54.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,324	12,305	10,088	10,524	8,867	7,711	6,495	6,701	7,007	7,392
Invested Capital Turnover	0.11	0.12	0.12	0.13	0.14	0.15	0.16	0.15	0.14	0.14
Increase / (Decrease) in Invested Capital	19	2,217	-436	1,657	1,156	1,216	-206	-306	-385	732
Enterprise Value (EV)	15,150	14,982	13,123	14,022	11,949	8,757	7,097	7,368	7,008	7,129
Market Capitalization	4,942	4,835	5,323	5,880	4,951	2,937	2,468	2,452	1,860	1,578
Book Value per Share	$10.21	$10.40	$11.07	$9.09	$9.05	$9.57	$9.43	$9.45	$10.12	$10.07
Tangible Book Value per Share	($0.64)	($1.35)	($1.64)	($3.29)	$2.26	$2.18	$3.45	$2.81	$2.99	$2.62
Total Capital	13,313	13,659	11,394	11,011	10,029	9,270	8,206	8,157	8,648	8,331
Total Debt	7,749	8,664	7,361	7,711	7,314	7,007	5,982	5,998	6,049	5,593
Total Long-Term Debt	7,319	8,106	7,039	6,939	6,930	5,183	5,447	5,659	5,726	5,329
Net Debt	6,707	7,253	6,001	6,676	6,108	5,407	4,227	4,504	4,399	4,654
Capital Expenditures (CapEx)	287	212	-1,345	151	34	208	83	190	20	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	46	161	-15	18	-7.00	-42	4.00	-35	-10	-51
Debt-free Net Working Capital (DFNWC)	779	1,212	981	672	458	375	587	281	488	191
Net Working Capital (NWC)	349	654	659	-100	74	-1,449	52	-58	165	-73
Net Nonoperating Expense (NNE)	200	198	-913	262	295	253	108	-118	442	207
Net Nonoperating Obligations (NNO)	6,760	7,310	6,055	7,224	6,152	5,448	4,271	4,542	4,408	4,654
Total Depreciation and Amortization (D&A)	836	722	698	669	533	496	429	429	399	374
Debt-free, Cash-free Net Working Capital to Revenue	3.36%	12.25%	-1.26%	1.40%	-0.58%	-4.07%	0.38%	-3.47%	-0.97%	-5.27%
Debt-free Net Working Capital to Revenue	56.82%	92.24%	82.44%	52.26%	38.20%	36.34%	55.75%	27.85%	47.15%	19.73%
Net Working Capital to Revenue	25.46%	49.77%	55.38%	-7.78%	6.17%	-140.41%	4.94%	-5.75%	15.94%	-7.54%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.25	$0.67	$4.99	$0.44	$0.66	($0.20)	$0.92	$0.00	$0.58	$0.80
Adjusted Weighted Average Basic Shares Outstanding	118M	117M	117M	201.95M	201.71M	198.93M	193.40M	0.00	0.00	182.85M
Adjusted Diluted Earnings per Share	$1.50	$0.67	$4.99	$0.44	$0.66	($0.20)	$0.92	$0.00	$0.00	$0.80
Adjusted Weighted Average Diluted Shares Outstanding	153M	35M	35M	117M	116M	198.93M	193.40M	0.00	0.00	182.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.44	$0.66	($0.20)	$0.92	($0.32)	$0.58	$0.80
Adjusted Weighted Average Basic & Diluted Shares Outstanding	202.15M	202.08M	201.97M	117M	115M	109M	104M	99M	98M	84M
Normalized Net Operating Profit after Tax (NOPAT)	143	195	166	196	256	182	257	231	286	283
Normalized NOPAT Margin	10.42%	14.86%	13.97%	15.24%	21.37%	17.64%	24.40%	22.89%	27.59%	29.22%
Pre Tax Income Margin	-2.41%	-1.22%	107.73%	-4.90%	-4.50%	-10.08%	11.02%	4.76%	0.10%	8.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.78	0.92	6.35	0.74	0.77	0.55	1.13	0.93	0.79	1.19
NOPAT to Interest Expense	0.44	0.54	0.63	0.51	0.53	0.37	0.52	-0.46	1.56	1.01
EBIT Less CapEx to Interest Expense	-0.14	0.30	12.10	0.33	0.69	0.06	0.87	0.31	0.72	1.09
NOPAT Less CapEx to Interest Expense	-0.48	-0.08	6.38	0.10	0.45	-0.12	0.25	-1.07	1.49	0.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-542.86%	-2,464.29%	34.06%	-357.33%	-453.23%	-161.46%	440.74%	-937.50%	17,850.00%	133.33%
Augmented Payout Ratio	-542.86%	-2,464.29%	34.06%	-357.33%	-453.23%	-161.46%	440.74%	-937.50%	17,850.00%	133.33%

This table displays calculated financial ratios and metrics derived from Clearway Energy's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.31%	2.81%	31.00%	-9.85%	-8.68%	-7.09%	9.12%	10.33%	34.58%	-15.72%	-3.13%
EBITDA Growth	36.65%	-35.63%	56.32%	4.61%	-16.45%	92.97%	3.36%	-83.13%	97.44%	-26.44%	-13.83%
EBIT Growth	153.85%	-1,150.00%	70.64%	-39.24%	-126.00%	-110.53%	-0.91%	-88.80%	194.34%	-67.80%	22.22%
NOPAT Growth	100.00%	-68.18%	309.02%	-79.67%	-169.05%	-300.00%	-77.44%	22.78%	179.25%	-81.36%	1.43%
Net Income Growth	-126.09%	34.25%	80.00%	-95.24%	-15.00%	-35.19%	-75.81%	-92.69%	58.76%	3.57%	148.00%
EPS Growth	250.00%	-90.32%	933.33%	30.30%	0.00%	112.94%	-89.29%	-93.25%	100.00%	-725.86%	55.56%
Operating Cash Flow Growth	17.28%	-6.80%	4.88%	46.27%	8.00%	14.44%	-12.50%	-27.96%	-19.35%	4.65%	13.89%
Free Cash Flow Firm Growth	96.17%	97.99%	-213.20%	-926.48%	-320.31%	-603.13%	-238.00%	81.19%	232.91%	127.46%	121.09%
Invested Capital Growth	0.80%	0.15%	20.29%	27.62%	25.96%	21.98%	6.86%	-2.08%	-10.38%	-4.14%	-3.77%
Revenue Q/Q Growth	16.41%	-47.33%	32.79%	39.16%	5.62%	-32.88%	-8.62%	40.97%	7.46%	-21.18%	-7.61%
EBITDA Q/Q Growth	64.15%	-63.28%	46.78%	52.85%	-22.49%	-10.83%	-1.77%	22.08%	80.47%	-52.24%	-83.97%
EBIT Q/Q Growth	128.00%	-113.44%	93.75%	838.46%	-550.00%	-101.83%	-31.01%	216.00%	163.16%	-82.73%	-92.20%
NOPAT Q/Q Growth	100.00%	-132.33%	233.75%	218.23%	-31.82%	-178.64%	-83.41%	301.62%	281.82%	-91.13%	-9.74%
Net Income Q/Q Growth	-116.67%	-277.78%	575.00%	108.70%	36.99%	-586.67%	-82.14%	310.00%	25.93%	-187.10%	-94.60%
EPS Q/Q Growth	0.00%	-90.32%	-27.91%	2,250.00%	20.00%	933.33%	-90.91%	0.00%	100.00%	-955.36%	-94.27%
Operating Cash Flow Q/Q Growth	-50.52%	-36.21%	53.57%	141.98%	-60.68%	-28.22%	114.18%	78.67%	-58.33%	-45.12%	76.34%
Free Cash Flow Firm Q/Q Growth	-122.72%	97.76%	26.36%	-4.55%	-16.88%	-248.04%	-294.32%	-72.13%	166.94%	-4.54%	155.15%
Invested Capital Q/Q Growth	2.75%	-0.50%	-2.60%	1.22%	2.10%	19.50%	3.34%	-0.10%	-1.13%	4.69%	-5.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	87.58%	62.11%	89.09%	80.60%	73.38%	99.20%	74.66%	69.46%	80.21%	47.76%	78.82%
Operating Margin	0.00%	-14.45%	36.63%	22.95%	-11.03%	-8.84%	25.34%	36.70%	14.58%	4.10%	30.88%
EBIT Margin	2.35%	-9.77%	38.27%	26.23%	-4.94%	-0.80%	29.38%	38.92%	17.36%	7.09%	32.35%
Profit (Net Income) Margin	-34.90%	-18.75%	5.56%	1.09%	-17.49%	-29.32%	4.04%	20.69%	-13.89%	-20.15%	18.24%
Tax Burden Percent	100.00%	100.00%	45.00%	28.57%	77.97%	51.41%	20.83%	79.25%	76.92%	78.26%	82.67%
Interest Burden Percent	-1,485.71%	192.00%	32.26%	14.58%	453.85%	7,100.00%	66.06%	67.09%	-104.00%	-363.16%	68.18%
Effective Tax Rate	0.00%	0.00%	55.00%	71.43%	0.00%	0.00%	79.17%	20.75%	0.00%	0.00%	17.33%
Return on Invested Capital (ROIC)	0.00%	-1.13%	1.98%	0.72%	-0.88%	-0.73%	0.71%	3.76%	1.22%	0.33%	3.22%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.41%	-1.44%	1.15%	0.41%	-1.27%	-1.59%	0.63%	3.18%	0.22%	-0.60%	2.83%
Return on Net Nonoperating Assets (RNNOA)	-1.99%	-1.92%	1.49%	0.53%	-1.84%	-2.35%	0.86%	4.51%	0.41%	-1.08%	5.03%
Return on Equity (ROE)	-1.99%	-3.05%	3.47%	1.26%	-2.72%	-3.08%	1.57%	8.27%	1.63%	-0.75%	8.25%
Cash Return on Invested Capital (CROIC)	0.46%	0.96%	-17.12%	-23.48%	-21.78%	-18.16%	-6.37%	4.75%	13.12%	5.66%	5.69%
Operating Return on Assets (OROA)	0.22%	-0.92%	3.78%	2.41%	-0.46%	-0.08%	3.02%	4.01%	1.73%	0.67%	3.29%
Return on Assets (ROA)	-3.33%	-1.77%	0.55%	0.10%	-1.63%	-2.85%	0.42%	2.13%	-1.38%	-1.91%	1.86%
Return on Common Equity (ROCE)	-0.76%	-1.20%	1.49%	0.55%	-1.24%	-1.48%	0.82%	4.40%	0.87%	-0.42%	4.75%
Return on Equity Simple (ROE_SIMPLE)	-6.23%	0.00%	-4.12%	-4.65%	-0.97%	0.00%	0.24%	2.43%	52.03%	0.00%	46.18%
Net Operating Profit after Tax (NOPAT)	0.00	-26	80	24	-20	-15	20	118	29	7.70	87
NOPAT Margin	0.00%	-10.12%	16.48%	6.56%	-7.72%	-6.18%	5.28%	29.08%	10.21%	2.87%	25.53%
Net Nonoperating Expense Percent (NNEP)	1.41%	0.31%	0.83%	0.31%	0.39%	0.86%	0.08%	0.58%	1.01%	0.93%	0.39%
Return On Investment Capital (ROIC_SIMPLE)	0.00%	-0.19%	-	-	-	-0.11%	-	-	-	0.07%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	44.30%	51.95%	29.63%	34.43%	52.09%	48.59%	38.54%	31.28%	40.97%	39.55%	31.18%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	100.00%	114.45%	63.37%	77.05%	111.03%	108.84%	74.66%	63.30%	85.42%	95.90%	69.12%
Earnings before Interest and Taxes (EBIT)	7.00	-25	186	96	-13	-2.00	109	158	50	19	110
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	261	159	433	295	193	247	277	282	231	128	268
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.96	2.40	2.70	2.13	2.08	2.30	1.78	2.38	2.60	2.38	2.31
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.09	3.61	4.22	3.67	3.32	3.68	2.82	3.91	4.42	4.47	4.27
Price to Earnings (P/E)	61.20	56.16	47.17	50.90	55.55	61.20	69.63	62.10	9.09	9.15	9.41
Dividend Yield	5.91%	6.77%	5.71%	7.06%	7.42%	6.44%	8.13%	5.89%	5.27%	5.42%	5.36%
Earnings Yield	1.63%	1.78%	2.12%	1.96%	1.80%	1.63%	1.44%	1.61%	11.00%	10.93%	10.62%
Enterprise Value to Invested Capital (EV/IC)	1.30	1.23	1.29	1.19	1.17	1.22	1.16	1.29	1.34	1.30	1.31
Enterprise Value to Revenue (EV/Rev)	11.69	11.05	11.71	12.08	11.44	11.40	8.93	9.88	10.58	11.03	10.16
Enterprise Value to EBITDA (EV/EBITDA)	14.29	14.03	13.65	14.88	14.73	14.45	12.97	14.15	5.82	6.01	5.65
Enterprise Value to EBIT (EV/EBIT)	62.26	62.09	59.82	79.43	58.49	47.56	35.43	38.17	8.41	8.83	8.25
Enterprise Value to NOPAT (EV/NOPAT)	104.36	110.43	108.14	169.76	109.67	81.38	458.53	48.34	58.25	89.17	69.48
Enterprise Value to Operating Cash Flow (EV/OCF)	20.96	19.68	20.37	19.60	20.82	21.34	17.61	17.94	17.39	16.67	16.17
Enterprise Value to Free Cash Flow (EV/FCFF)	285.85	128.18	0.00	0.00	0.00	0.00	0.00	26.90	9.66	22.50	22.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.52	1.39	1.37	1.37	1.74	1.73	1.76	1.70	1.71	1.83	1.70
Long-Term Debt to Equity	1.44	1.32	1.30	1.30	1.63	1.62	1.64	1.62	1.63	1.75	1.58
Financial Leverage	1.41	1.33	1.29	1.30	1.45	1.48	1.38	1.42	1.89	1.81	1.78
Leverage Ratio	2.82	2.75	2.79	2.75	3.00	2.99	3.10	3.03	3.48	3.43	3.45
Compound Leverage Factor	-41.89	5.28	0.90	0.40	13.61	212.44	2.05	2.03	-3.61	-12.44	2.35
Debt to Total Capital	60.26%	58.21%	57.80%	57.81%	63.51%	63.43%	63.78%	62.95%	63.16%	64.60%	63.01%
Short-Term Debt to Total Capital	2.87%	3.23%	3.09%	3.04%	4.08%	4.09%	4.43%	2.95%	3.24%	2.83%	4.43%
Long-Term Debt to Total Capital	57.38%	54.98%	54.71%	54.77%	59.43%	59.35%	59.36%	60.00%	59.92%	61.78%	58.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	25.50%	26.30%	26.22%	26.32%	21.61%	21.19%	18.31%	17.91%	17.84%	15.79%	16.40%
Common Equity to Total Capital	14.25%	15.50%	15.99%	15.86%	14.88%	15.38%	17.90%	19.14%	19.01%	19.61%	20.59%
Debt to EBITDA	7.15	7.18	6.59	7.73	8.78	8.35	8.19	7.74	3.10	3.37	3.14
Net Debt to EBITDA	6.27	6.21	5.74	6.85	7.47	6.99	6.52	6.35	2.51	2.75	2.46
Long-Term Debt to EBITDA	6.80	6.78	6.24	7.32	8.21	7.82	7.62	7.38	2.94	3.22	2.92
Debt to NOPAT	52.17	56.48	52.23	88.13	65.37	47.06	289.51	26.45	31.07	50.01	38.68
Net Debt to NOPAT	45.75	48.88	45.48	78.11	55.61	39.40	230.62	21.68	25.15	40.77	30.22
Long-Term Debt to NOPAT	49.68	53.35	49.44	83.50	61.17	44.03	269.40	25.21	29.48	47.83	35.96
Altman Z-Score	0.52	0.48	0.60	0.48	0.42	0.48	0.49	0.62	0.61	0.60	0.62
Noncontrolling Interest Sharing Ratio	61.78%	60.56%	57.14%	56.49%	54.34%	51.98%	47.51%	46.81%	46.46%	44.52%	42.46%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	1.49	1.59	1.46	1.71	1.72	2.05	2.13	2.02	2.07	1.84
Quick Ratio	0.70	0.69	0.74	0.69	0.96	0.97	1.16	1.26	1.14	1.31	1.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-100	-45	-2,009	-2,728	-2,609	-2,232	-641	330	1,184	444	465
Operating Cash Flow to CapEx	169.64%	384.00%	860.00%	188.46%	82.65%	298.55%	844.12%	638.10%	85.23%	1,058.82%	2,342.86%
Free Cash Flow to Firm to Interest Expense	-0.86	-1.80	-14.45	-30.31	-44.99	-15.83	-13.36	6.00	11.96	4.99	9.49
Operating Cash Flow to Interest Expense	0.82	7.68	2.17	2.18	1.40	1.46	5.98	2.44	0.76	2.02	6.69
Operating Cash Flow Less CapEx to Interest Expense	0.34	5.68	1.91	1.02	-0.29	0.97	5.27	2.05	-0.13	1.83	6.41
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.10	0.09	0.10	0.09	0.09	0.10	0.10	0.10	0.10	0.09	0.10
Accounts Receivable Turnover	7.66	8.19	6.91	5.29	7.72	8.11	6.73	5.92	8.34	8.01	6.15
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.14	0.14	0.15	0.14	0.15	0.16	0.17	0.17	0.16	0.16	0.17
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	47.64	44.59	52.85	68.97	47.29	45.00	54.22	61.67	43.75	45.55	59.31
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	47.64	44.59	52.85	68.97	47.29	45.00	54.22	61.67	43.75	45.55	59.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,663	12,324	12,386	12,716	12,563	12,305	10,297	9,964	9,974	10,088	9,636
Invested Capital Turnover	0.11	0.11	0.12	0.11	0.11	0.12	0.13	0.13	0.12	0.12	0.13
Increase / (Decrease) in Invested Capital	100	19	2,089	2,752	2,589	2,217	661	-212	-1,155	-436	-378
Enterprise Value (EV)	16,436	15,150	15,972	15,092	14,740	14,982	11,906	12,862	13,375	13,123	12,595
Market Capitalization	5,753	4,942	5,755	4,581	4,277	4,835	3,760	5,092	5,584	5,323	5,291
Book Value per Share	$9.61	$10.21	$10.56	$10.64	$17.59	$10.40	$10.44	$10.59	$10.63	$11.07	$11.33
Tangible Book Value per Share	($1.02)	($0.64)	($0.52)	($0.67)	($2.33)	($1.35)	($1.55)	($1.64)	($1.84)	($1.64)	($1.60)
Total Capital	13,637	13,313	13,347	13,552	13,833	13,659	11,785	11,180	11,297	11,394	11,128
Total Debt	8,217	7,749	7,714	7,835	8,786	8,664	7,517	7,038	7,135	7,361	7,012
Total Long-Term Debt	7,825	7,319	7,302	7,423	8,221	8,106	6,995	6,708	6,769	7,039	6,519
Net Debt	7,206	6,707	6,718	6,944	7,474	7,253	5,988	5,768	5,776	6,001	5,479
Capital Expenditures (CapEx)	56	50	35	104	98	69	34	21	88	17	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	36	46	128	162	225	161	256	95	4.00	-15	17
Debt-free Net Working Capital (DFNWC)	747	779	802	732	1,188	1,212	1,412	1,013	1,017	981	1,173
Net Working Capital (NWC)	355	349	390	320	623	654	890	683	651	659	680
Net Nonoperating Expense (NNE)	104	22	53	20	26	58	4.58	34	69	62	25
Net Nonoperating Obligations (NNO)	7,243	6,760	6,753	6,999	7,516	7,310	6,029	5,822	5,812	6,055	5,520
Total Depreciation and Amortization (D&A)	254	184	247	199	206	249	168	124	181	109	158
Debt-free, Cash-free Net Working Capital to Revenue	2.56%	3.36%	9.38%	12.97%	17.46%	12.25%	19.20%	7.30%	0.32%	-1.26%	1.37%
Debt-free Net Working Capital to Revenue	53.13%	56.82%	58.80%	58.61%	92.16%	92.24%	105.93%	77.80%	80.46%	82.44%	94.60%
Net Working Capital to Revenue	25.25%	25.46%	28.59%	25.62%	48.33%	49.77%	66.77%	52.46%	51.50%	55.38%	54.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.06	$0.81	$0.62	$0.86	($0.04)	$1.29	$0.06	$0.66	$0.00	($4.79)	$0.56
Adjusted Weighted Average Basic Shares Outstanding	118M	118M	118M	117M	117M	117M	117M	117M	117M	117M	117M
Adjusted Diluted Earnings per Share	$0.06	$0.06	$0.62	$0.86	($0.04)	$0.62	$0.06	$0.66	$0.00	($4.79)	$0.56
Adjusted Weighted Average Diluted Shares Outstanding	118M	153M	118M	117M	117M	152M	117M	117M	117M	35M	117M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	202.19M	202.15M	202.15M	202.14M	202.14M	202.08M	202.08M	202.08M	202.08M	201.97M	201.88M
Normalized Net Operating Profit after Tax (NOPAT)	2.10	-23	125	61	-20	-15	67	120	29	9.10	87
Normalized NOPAT Margin	0.70%	-9.02%	25.64%	16.64%	-7.45%	-5.90%	17.92%	29.47%	10.21%	3.40%	25.53%
Pre Tax Income Margin	-34.90%	-18.75%	12.35%	3.83%	-22.43%	-57.03%	19.41%	26.11%	-18.06%	-25.75%	22.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.06	-1.00	1.34	1.07	-0.22	-0.01	2.27	2.87	0.51	0.21	2.24
NOPAT to Interest Expense	0.00	-1.04	0.58	0.27	-0.35	-0.11	0.41	2.15	0.30	0.09	1.77
EBIT Less CapEx to Interest Expense	-0.42	-3.00	1.09	-0.09	-1.91	-0.50	1.56	2.49	-0.38	0.02	1.96
NOPAT Less CapEx to Interest Expense	-0.48	-3.04	0.32	-0.89	-2.04	-0.60	-0.30	1.77	-0.59	-0.10	1.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-422.31%	-542.86%	851.14%	787.00%	-2,080.00%	-2,464.29%	380.00%	88.46%	2.69%	34.06%	58.60%
Augmented Payout Ratio	-422.31%	-542.86%	851.14%	787.00%	-2,080.00%	-2,464.29%	380.00%	88.46%	2.69%	34.06%	58.60%

Frequently Asked Questions About Clearway Energy's Financials

When does Clearway Energy's fiscal year end?

According to the most recent income statement we have on file, Clearway Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Clearway Energy's net income changed over the last 9 years?

Clearway Energy's net income appears to be on an upward trend, with a most recent value of -$63 million in 2024, falling from $72 million in 2015. The previous period was -$14 million in 2023.

What is Clearway Energy's operating income?

Clearway Energy's total operating income in 2024 was $196 million, based on the following breakdown:

Total Gross Profit: $1.37 billion
Total Operating Expenses: $1.18 billion

How has Clearway Energy revenue changed over the last 9 years?

Over the last 9 years, Clearway Energy's total revenue changed from $968 million in 2015 to $1.37 billion in 2024, a change of 41.6%.

How much debt does Clearway Energy have?

Clearway Energy's total liabilities were at $8.77 billion at the end of 2024, a 9.7% decrease from 2023, and a 47.3% increase since 2015.

How much cash does Clearway Energy have?

In the past 9 years, Clearway Energy's cash and equivalents has ranged from $111 million in 2015 to $657 million in 2022, and is currently $332 million as of their latest financial filing in 2024.

How has Clearway Energy's book value per share changed over the last 9 years?

Over the last 9 years, Clearway Energy's book value per share changed from 10.07 in 2015 to 10.21 in 2024, a change of 1.4%.

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This page (NYSE:CWEN.A) was last updated on 5/25/2025 by MarketBeat.com Staff

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Clearway Energy (CWEN.A) Financials

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Clearway Energy (CWEN.A) Financials

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