Clearway Energy (CWEN) FY2016 results: revenue $1.0 billion, up 6.9% on the year
Clearway Energy, Inc. (CWEN) reported revenue of $1.0 billion for fiscal 2016, the year ended 31 December 2016, up 6.9% on the year before. Net income was $57 million, up 72.7%. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$1.0 billion
+6.9% on the year
FY2011FY2016
Operating margin
21.4%
33.7% a year earlier
FY2011FY2016
Net income
$57 million
+72.7% on the year
FY2011FY2016
Diluted EPS
n/a
FY2011FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,035
968
828
+6.9%
Cost of revenue
308
323
277
-4.6%
Gross profit
727
645
551
+12.7%
Gross margin
70.2%
66.6%
66.5%
Operating income
222
326
306
-31.9%
Operating margin
21.4%
33.7%
37.0%
Interest expense
284
267
216
+6.4%
Pre-tax income
1.0
84.0
117
-98.8%
Income tax
-1.0
12.0
4.0
Effective tax rate
-100.0%
14.3%
3.4%
Net income
57.0
33.0
16.0
+72.7%
Net margin
5.5%
3.4%
1.9%
Diluted EPS
n/a
n/a
$0.59
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
577
425
362
+35.8%
Capital expenditure
20.0
29.0
60.0
-31.0%
Free cash flow
557
396
302
+40.7%
Free cash flow margin
53.8%
40.9%
36.5%
Cash from investing
-131
-1,098
-741
Cash from financing
-202
354
749
Depreciation and amortisation
303
303
233
0.0%
Share-based compensation
1.0
1.0
n/a
0.0%
Dividends paid
173
139
101
+24.5%
Dividend per share
$0.26
n/a
$1.42
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,624
2,903
2,906
-9.6%
Debt
6,049
5,656
5,800
+6.9%
Other liabilities
289
230
88.0
+25.7%
Total liabilities and equity
8,962
8,789
8,794
+2.0%
Fixed assets
5,554
5,878
6,009
-5.5%
Intangible assets
1,303
1,362
1,424
-4.3%
Cash and equivalents
322
111
429
+190.1%
Receivables
95.0
101
93.0
-5.9%
Inventory
39.0
36.0
32.0
+8.3%
Other assets
1,649
1,301
807
+26.7%
Total assets
8,962
8,789
8,794
+2.0%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.