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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues        
Total operating revenues $ 368 $ 380 $ 582 $ 617
Operating Costs and Expenses        
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 112 107 240 217
Depreciation, amortization and accretion 126 128 250 256
General and administrative 11 10 23 20
Transaction and integration costs 3 1 5 3
Development costs 1 1 2 2
Total operating costs and expenses 253 247 520 498
Gain on sale of business 1,291 0 1,291 0
Operating Income 1,406 133 1,353 119
Other Income (Expense)        
Equity in earnings of unconsolidated affiliates 10 8 14 12
Other income, net 5 1 5 2
Loss on debt extinguishment 0 0 (2) (42)
Interest expense (47) (103) (94) (148)
Total other expense, net (32) (94) (77) (176)
Income (Loss) Before Income Taxes 1,374 39 1,276 (57)
Income tax expense (benefit) 225 7 224 (13)
Net Income (Loss) 1,149 32 1,052 (44)
Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests 579 (3) 514 (82)
Net Income Attributable to Clearway Energy, Inc. 570 35 538 38
Common Class A        
Other Income (Expense)        
Net Income Attributable to Clearway Energy, Inc. $ 169 $ 10 $ 160 $ 11
Earnings Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders        
Weighted average number of common shares outstanding - basic (in shares) 35 35 35 35
Weighted average number of common shares outstanding - diluted (in shares) 35 35 35 35
Earnings per weighted average common share — basic (in dollars per share) $ 4.89 $ 0.30 $ 4.62 $ 0.32
Earnings per weighted average common share — diluted (in dollars per share) 4.89 0.30 4.62 0.32
Common stock, dividends, per share, cash paid (in dollars per share) $ 0.3536 $ 0.3290 $ 0.7004 $ 0.6530
Common Class C        
Other Income (Expense)        
Net Income Attributable to Clearway Energy, Inc. $ 401 $ 25 $ 378 $ 27
Earnings Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders        
Weighted average number of common shares outstanding - basic (in shares) 82 82 82 82
Weighted average number of common shares outstanding - diluted (in shares) 82 82 82 82
Earnings per weighted average common share — basic (in dollars per share) $ 4.89 $ 0.30 $ 4.62 $ 0.32
Earnings per weighted average common share — diluted (in dollars per share) 4.89 0.30 4.62 0.32
Common stock, dividends, per share, cash paid (in dollars per share) $ 0.3536 $ 0.3290 $ 0.7004 $ 0.6530