Clearway Energy (CWEN) FY2021 results: revenue $1.3 billion, up 7.3% on the year
Clearway Energy, Inc. (CWEN) reported revenue of $1.3 billion for fiscal 2021, the year ended 31 December 2021, up 7.3% on the year before. Net income was $51 million, up 104.0%, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$1.3 billion
+7.3% on the year
FY2014FY2021
Operating margin
20.8%
27.8% a year earlier
FY2014FY2021
Net income
$51 million
+104.0% on the year
FY2014FY2021
Diluted EPS
$0.44
+100.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
701
545
477
+28.6%
Capital expenditure
151
124
228
+21.8%
Free cash flow
550
421
249
+30.6%
Free cash flow margin
42.8%
35.1%
24.1%
Cash from investing
-865
-62.0
-468
Cash from financing
367
-435
-175
Depreciation and amortisation
509
428
401
+18.9%
Share-based compensation
4.0
3.0
4.0
+33.3%
Dividends paid
268
211
155
+27.0%
Diluted shares, weighted
35m
35m
n/a
0.0%
Shares outstanding at period end
202m
202m
199m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,300
2,715
2,263
+21.5%
Redeemable equity
0.0
n/a
n/a
Debt
8,201
7,043
6,858
+16.4%
Operating lease liabilities
561
345
227
+62.6%
Other liabilities
751
489
352
+53.6%
Total liabilities and equity
12,813
10,592
9,700
+21.0%
Fixed assets
7,650
7,217
6,063
+6.0%
Intangible assets
2,499
1,370
1,428
+82.4%
Cash and equivalents
179
268
155
-33.2%
Receivables
144
143
116
+0.7%
Inventory
37.0
42.0
40.0
-11.9%
Other assets
2,304
1,552
1,898
+48.5%
Total assets
12,813
10,592
9,700
+21.0%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.