Clearway Energy (CWEN) FY2024 results: revenue $1.4 billion, up 4.3% on the year
Clearway Energy, Inc. (CWEN) reported revenue of $1.4 billion for fiscal 2024, the year ended 31 December 2024, up 4.3% on the year before. Net income was $88 million, up 11.4%, and diluted earnings per share $0.75. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$1.4 billion
+4.3% on the year
FY2017FY2024
Operating margin
14.3%
20.0% a year earlier
FY2017FY2024
Net income
$88 million
+11.4% on the year
FY2017FY2024
Diluted EPS
$0.75
+11.9% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
770
702
787
+9.7%
Capital expenditure
287
212
112
+35.4%
Free cash flow
483
490
675
-1.4%
Free cash flow margin
35.2%
37.3%
56.7%
Cash from investing
-725
-523
1,065
Cash from financing
-363
-124
-1,510
Depreciation and amortisation
627
526
512
+19.2%
Dividends paid
334
311
289
+7.4%
Diluted shares, weighted
35m
35m
35m
0.0%
Shares outstanding at period end
202m
202m
202m
+0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,564
4,994
4,026
+11.4%
Redeemable equity
0.0
1.0
7.0
Debt
7,235
8,099
6,870
-10.7%
Operating lease liabilities
569
627
548
-9.3%
Other liabilities
961
980
861
-1.9%
Total liabilities and equity
14,329
14,701
12,312
-2.5%
Fixed assets
9,944
9,526
7,421
+4.4%
Intangible assets
2,193
2,374
2,565
-7.6%
Cash and equivalents
332
535
657
-37.9%
Receivables
n/a
n/a
153
Inventory
64.0
55.0
47.0
+16.4%
Other assets
1,796
2,211
1,469
-18.8%
Total assets
14,329
14,701
12,312
-2.5%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.