XML 63 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenues      
Total operating revenues $ 1,371 $ 1,314 $ 1,190
Operating Costs and Expenses      
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below 501 473 435
Depreciation, amortization and accretion 627 526 512
Impairment losses 0 12 16
General and administrative 39 36 40
Transaction and integration costs 8 4 7
Development costs 0 0 2
Total operating costs and expenses 1,175 1,051 1,012
Gain on sale of business 0 0 1,292
Operating income 196 263 1,470
Other Income (Expense)      
Equity in earnings of unconsolidated affiliates 35 12 29
Other income, net 48 52 17
Loss on debt extinguishment (5) (6) (2)
Interest expense (307) (337) (232)
Total other expense, net (229) (279) (188)
Loss Before Income Taxes (33) (16) 1,282
Income tax expense (benefit) 30 (2) 222
Net (Loss) Income (63) (14) 1,060
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests (151) (93) 478
Net income attributable to Clearway Energy, Inc. $ 88 $ 79 $ 582
Earnings Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders      
Weighted average number of common shares outstanding - diluted (in shares) 35 35 35
Earnings per weighted average common share - basic (in dollars per share) $ 0.75 $ 0.67 $ 4.99
Earnings per weighted average common share - diluted (in dollars per share) $ 0.75 $ 0.67 $ 4.99
Common Class A      
Other Income (Expense)      
Net income attributable to Clearway Energy, Inc. $ 26 $ 23 $ 172
Earnings Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders      
Weighted average number of shares outstanding - basic (in shares) 35 35 35
Weighted average number of common shares outstanding - diluted (in shares) 35 35 35
Earnings per weighted average common share - basic (in dollars per share) $ 0.75 $ 0.67 $ 4.99
Earnings per weighted average common share - diluted (in dollars per share) 0.75 0.67 4.99
Dividends per common share (in usd per share) $ 1.65 $ 1.54 $ 1.43
Common Class C      
Other Income (Expense)      
Net income attributable to Clearway Energy, Inc. $ 62 $ 56 $ 410
Earnings Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders      
Weighted average number of shares outstanding - basic (in shares) 83 82 82
Weighted average number of common shares outstanding - diluted (in shares) 83 82 82
Earnings per weighted average common share - basic (in dollars per share) $ 0.75 $ 0.67 $ 4.99
Earnings per weighted average common share - diluted (in dollars per share) 0.75 0.67 4.99
Dividends per common share (in usd per share) $ 1.65 $ 1.54 $ 1.43