Clearway Energy (CWEN) FY2015 results: revenue $968 million, up 16.9% on the year
Clearway Energy, Inc. (CWEN) reported revenue of $968 million for fiscal 2015, the year ended 31 December 2015, up 16.9% on the year before. Net income was $33 million, up 106.2%. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$968 million
+16.9% on the year
FY2011FY2015
Operating margin
33.7%
37.0% a year earlier
FY2011FY2015
Net income
$33 million
+106.2% on the year
FY2011FY2015
Diluted EPS
n/a
FY2011FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
968
828
387
+16.9%
Cost of revenue
323
277
148
+16.6%
Gross profit
645
551
239
+17.1%
Gross margin
66.6%
66.5%
61.8%
Operating income
326
306
158
+6.5%
Operating margin
33.7%
37.0%
40.8%
Interest expense
267
216
52.0
+23.6%
Pre-tax income
84.0
117
131
-28.2%
Income tax
12.0
4.0
8.0
+200.0%
Effective tax rate
14.3%
3.4%
6.1%
Net income
33.0
16.0
13.0
+106.2%
Net margin
3.4%
1.9%
3.4%
Diluted EPS
n/a
$0.59
$0.57
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
425
362
120
+17.4%
Capital expenditure
29.0
60.0
353
-51.7%
Free cash flow
396
302
-233
+31.1%
Free cash flow margin
40.9%
36.5%
-60.2%
Cash from investing
-1,098
-741
-515
Cash from financing
354
749
432
-52.7%
Depreciation and amortisation
303
233
74.0
+30.0%
Share-based compensation
1.0
n/a
n/a
Dividends paid
139
101
15.0
+37.6%
Dividend per share
n/a
$1.42
$0.23
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,903
2,906
1,693
-0.1%
Debt
5,656
5,800
1,783
-2.5%
Other liabilities
230
88.0
n/a
+161.4%
Total liabilities and equity
8,789
8,794
3,238
-0.1%
Fixed assets
5,878
6,009
2,291
-2.2%
Intangible assets
1,362
1,424
103
-4.4%
Cash and equivalents
111
429
59.0
-74.1%
Receivables
101
93.0
51.0
+8.6%
Inventory
36.0
32.0
15.0
+12.5%
Other assets
1,301
807
719
+61.2%
Total assets
8,789
8,794
3,238
-0.1%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.