Segment reporting information |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, 2021 | (In millions) | Conventional Generation | | Renewables | | Thermal | | Corporate (a) | | Total | Operating revenues | $ | 441 | | | $ | 641 | | | $ | 204 | | | $ | — | | | $ | 1,286 | | Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 90 | | | 229 | | | 134 | | | (2) | | | 451 | | Depreciation, amortization and accretion | 132 | | | 354 | | | 23 | | | — | | | 509 | | Impairment losses | — | | | 6 | | | — | | | — | | | 6 | | General and administrative | — | | | — | | | 4 | | | 36 | | | 40 | | Transaction and integration costs | — | | | — | | | — | | | 7 | | | 7 | | Development costs | — | | | — | | | 4 | | | 2 | | | 6 | | Operating income (loss) | 219 | | | 52 | | | 39 | | | (43) | | | 267 | | Equity in earnings of unconsolidated affiliates | 6 | | | 26 | | | — | | | — | | | 32 | | | | | | | | | | | | | | | | | | | | | | Other income, net | — | | | 2 | | | 1 | | | — | | | 3 | | Loss on debt extinguishment | — | | | (1) | | | — | | | (52) | | | (53) | | Interest expense, net | (53) | | | (142) | | | (18) | | | (99) | | | (312) | | Income (loss) before income taxes | 172 | | | (63) | | | 22 | | | (194) | | | (63) | | Income tax expense | — | | | 2 | | | — | | | 10 | | | 12 | | Net Income (Loss) | 172 | | | (65) | | | 22 | | | (204) | | | (75) | | | | | | | | | | | | Net Income (Loss) Attributable to Clearway Energy, Inc. | $ | 172 | | | $ | 109 | | | $ | 22 | | | $ | (252) | | | $ | 51 | | Balance Sheet | | | | | | | | | | Equity investment in affiliates | $ | 86 | | | $ | 295 | | | $ | — | | | $ | — | | | $ | 381 | | Capital expenditures (b) | 12 | | | 77 | | | 29 | | | 1 | | | 119 | | Total Assets (c) | $ | 2,442 | | | $ | 9,603 | | | $ | 631 | | | $ | 137 | | | 12,813 | |
(a) Includes eliminations (b) Includes accruals (c) Thermal Business assets were reclassified to held for sale during the fourth quarter of 2021. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, 2020 | (In millions) | Conventional Generation | | Renewables | | Thermal | | Corporate (a) | | Total | Operating revenues | $ | 437 | | | $ | 569 | | | $ | 193 | | | $ | — | | | $ | 1,199 | | Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 90 | | | 147 | | | 131 | | | (2) | | | 366 | | Depreciation, amortization and accretion | 132 | | | 264 | | | 32 | | | — | | | 428 | | Impairment losses | — | | | 24 | | | — | | | — | | | 24 | | General and administrative | — | | | — | | | 3 | | | 31 | | | 34 | | Transaction and integration costs | — | | | — | | | — | | | 9 | | | 9 | | Development costs | — | | | — | | | 5 | | | — | | | 5 | | Operating income (loss) | 215 | | | 134 | | | 22 | | | (38) | | | 333 | | Equity in earnings (losses) of unconsolidated affiliates | 8 | | | (1) | | | — | | | — | | | 7 | | Impairment loss on investment | — | | | (8) | | | — | | | — | | | (8) | | Gain on sale of unconsolidated affiliates | — | | | — | | | — | | | 49 | | | 49 | | Other income, net | 1 | | | 3 | | | — | | | — | | | 4 | | Loss on debt extinguishment | — | | | (21) | | | — | | | (3) | | | (24) | | Interest expense, net | (84) | | | (216) | | | (19) | | | (96) | | | (415) | | Income (loss) before income taxes | 140 | | | (109) | | | 3 | | | (88) | | | (54) | | Income tax expense | — | | | — | | | — | | | 8 | | | 8 | | Net Income (Loss) | 140 | | | (109) | | | 3 | | | (96) | | | (62) | | | | | | | | | | | | Net Income (Loss) Attributable to Clearway Energy, Inc. | $ | 140 | | | $ | 3 | | | $ | 3 | | | $ | (121) | | | $ | 25 | | Balance Sheet | | | | | | | | | | Equity investments in affiliates | $ | 90 | | | $ | 651 | | | $ | — | | | $ | — | | | $ | 741 | | Capital expenditures (b) | 12 | | | 44 | | | 50 | | | — | | | 106 | | Total Assets | $ | 2,575 | | | $ | 7,157 | | | $ | 627 | | | $ | 233 | | | $ | 10,592 | |
(a) Includes eliminations (b) Includes accruals | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, 2019 | (In millions) | Conventional Generation | | Renewables | | Thermal | | Corporate (a) | | Total | Operating revenues | $ | 346 | | | $ | 485 | | | $ | 201 | | | $ | — | | | $ | 1,032 | | Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 60 | | | 143 | | | 134 | | | — | | | 337 | | Depreciation, amortization and accretion | 103 | | | 271 | | | 27 | | | — | | | 401 | | Impairment losses | — | | | 14 | | | 19 | | | — | | | 33 | | General and administrative | — | | | 1 | | | 3 | | | 25 | | | 29 | | Transaction and integration costs | — | | | — | | | — | | | 3 | | | 3 | | Development costs | — | | | — | | | 5 | | | — | | | 5 | | Operating income (loss) | 183 | | | 56 | | | 13 | | | (28) | | | 224 | | Equity in earnings of unconsolidated affiliates | 9 | | | 74 | | | — | | | — | | | 83 | | Other income, net | 2 | | | 6 | | | — | | | 1 | | | 9 | | Loss on debt extinguishment | — | | | (1) | | | — | | | (15) | | | (16) | | Interest expense, net | (59) | | | (239) | | | (18) | | | (88) | | | (404) | | Income (loss) before income taxes | 135 | | | (104) | | | (5) | | | (130) | | | (104) | | Income tax benefit | — | | | — | | | — | | | (8) | | | (8) | | Net Income (Loss) | 135 | | | (104) | | | (5) | | | (122) | | | (96) | | | | | | | | | | | | Net Income (Loss) Attributable to Clearway Energy, Inc. | $ | 135 | | | $ | (33) | | | $ | (5) | | | $ | (108) | | | $ | (11) | |
(a) Includes eliminations
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