Clearway Energy (CWEN.A) Financials

$26.74 +0.30 (+1.15%)

As of 11:38 AM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	33	57	-16	48	-11	25	51	582	79	88
Consolidated Net Income / (Loss)	72	2.00	-24	54	-96	-62	-75	1,060	-14	-63
Net Income / (Loss) Continuing Operations	72	2.00	-24	54	-96	-62	-75	1,060	-14	-63
Total Pre-Tax Income	84	1.00	48	116	-104	-54	-63	1,282	-16	-33
Total Operating Income	326	222	283	347	224	333	267	178	263	196
Total Gross Profit	645	727	683	726	695	833	1,286	1,190	1,314	1,371
Total Revenue	968	1,035	1,009	1,053	1,032	1,199	1,286	1,190	1,314	1,371
Total Cost of Revenue	323	308	326	327	337	366	0.00	0.00	0.00	0.00
Total Operating Expenses	319	505	400	379	471	500	1,019	1,012	1,051	1,175
Selling, General & Admin Expense	12	16	19	20	29	34	491	475	509	540
Research & Development Expense	-	0.00	0.00	3.00	5.00	5.00	6.00	2.00	0.00	0.00
Depreciation Expense	303	303	334	336	401	428	509	512	526	627
Impairment Charge	1.00	185	44	0.00	33	24	6.00	16	12	0.00
Restructuring Charge	3.00	1.00	3.00	20	3.00	9.00	7.00	7.00	4.00	8.00
Total Other Income / (Expense), net	-242	-221	-235	-231	-328	-387	-330	1,104	-279	-229
Interest Expense	276	284	310	313	420	439	365	234	343	312
Interest & Investment Income	31	60	71	74	83	48	32	29	12	35
Other Income / (Expense), net	3.00	3.00	4.00	8.00	9.00	4.00	3.00	1,309	52	48
Income Tax Expense	12	-1.00	72	62	-8.00	8.00	12	222	-2.00	30
Net Income / (Loss) Attributable to Noncontrolling Interest	39	-51	-15	2.00	-85	-87	-126	478	-93	-151
Basic Earnings per Share	$0.00	$1.16	($0.32)	$1.38	($0.10)	$0.22	$0.44	$4.99	$2.01	$2.25
Weighted Average Basic Shares Outstanding	0.00	35M	35M	35M	35M	115M	117M	117M	117M	118M
Diluted Earnings per Share	$0.00	$1.16	($0.32)	$1.38	($0.10)	$0.22	$0.44	$4.99	$1.34	$1.50
Weighted Average Diluted Shares Outstanding	0.00	35M	35M	104M	109M	35M	35M	35M	152M	153M
Weighted Average Basic & Diluted Shares Outstanding	84M	98M	99M	104M	109M	35M	35M	201.97M	202.08M	202.15M
Cash Dividends to Common per Share	$1.64	$1.89	$2.20	$2.52	$1.60	$2.10	$2.66	$2.86	$3.08	$3.30

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

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

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

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

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

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

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

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

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

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 5/5/2025 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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