7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 
      
    		                             
      cash flows from operating activities
    		                             
      net income
    		60,000,000 12,000,000 -104,000,000 -48,000,000 27,000,000 4,000,000 -46,000,000 -73,000,000 15,000,000 84,000,000 -40,000,000 -54,000,000 62,000,000 1,149,000,000 -97,000,000 -56,000,000 25,000,000 32,000,000 -76,000,000 -73,000,000 42,000,000 76,000,000 -107,000,000 -10,000,000 31,000,000 42,000,000 18,000,000 24,000,000 45,000,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                             
      equity in earnings of unconsolidated affiliates
    		-15,000,000 -7,000,000 -5,000,000 -2,000,000 -13,000,000   -1,000,000   3,000,000 -1,000,000 -14,000,000 -10,000,000 -4,000,000 0 -20,000,000   15,000,000 -19,000,000         
      distributions from unconsolidated affiliates
    		6,000,000 5,000,000 8,000,000 13,000,000 6,000,000 6,000,000 9,000,000 13,000,000 6,000,000 5,000,000 6,000,000 12,000,000 8,000,000 6,000,000 11,000,000 13,000,000 9,000,000 3,000,000 13,000,000 10,000,000 41,000,000 5,000,000 5,000,000       
      depreciation, amortization and accretion
    		176,000,000 163,000,000 163,000,000 156,000,000 164,000,000 153,000,000 154,000,000 137,000,000 133,000,000 128,000,000 128,000,000 133,000,000 129,000,000 126,000,000 124,000,000 122,000,000 131,000,000 128,000,000 128,000,000 125,000,000 102,000,000 99,000,000 102,000,000       
      amortization of financing costs and debt discounts
    		4,000,000 4,000,000 3,000,000 4,000,000 3,000,000 3,000,000 4,000,000 4,000,000 3,000,000 3,000,000 3,000,000 4,000,000 3,000,000 3,000,000 4,000,000 4,000,000 3,000,000 3,000,000 4,000,000 3,000,000 4,000,000 4,000,000 4,000,000       
      amortization of intangibles
    		49,000,000 45,000,000 43,000,000 45,000,000 46,000,000 45,000,000 46,000,000 46,000,000 45,000,000 47,000,000 47,000,000 49,000,000 41,000,000 40,000,000 42,000,000  37,000,000 38,000,000 32,000,000           
      loss on debt extinguishment
    		   2,000,000 0 2,000,000 1,000,000     0 0 0 2,000,000 11,000,000 0 0 42,000,000 15,000,000 6,000,000 0 3,000,000       
      reduction in carrying amount of right-of-use assets
    		4,000,000 4,000,000 4,000,000 4,000,000 3,000,000 4,000,000 4,000,000 4,000,000 3,000,000 4,000,000 4,000,000 4,000,000 3,000,000 3,000,000 4,000,000 3,000,000   2,000,000           
      changes in deferred income taxes
    		-28,000,000 4,000,000 -2,000,000  24,000,000 9,000,000 -10,000,000  40,000,000 20,000,000 -11,000,000  10,000,000 198,000,000 -1,000,000  1,000,000 7,000,000 -20,000,000  9,000,000 26,000,000 -22,000,000 -11,000,000 10,000,000 2,000,000 3,000,000 3,000,000 0 
      changes in derivative instruments and amortization of accumulated oci/ocl
    		       62,000,000 -13,000,000 -54,000,000 3,000,000 -8,000,000                  
      changes in other working capital
    		-20,000,000 -16,000,000 -60,000,000 40,000,000 37,000,000 -63,000,000 -61,000,000 41,000,000 33,000,000 -83,000,000 -29,000,000 53,000,000 3,000,000 -18,000,000 -30,000,000 43,000,000 -27,000,000 -27,000,000 -3,000,000 -16,000,000 -3,000,000 -48,000,000 22,000,000 3,000,000 16,000,000 -25,000,000 -25,000,000 -2,000,000 69,000,000 
      net cash from operating activities
    		225,000,000 191,000,000 95,000,000 192,000,000 301,000,000 196,000,000 81,000,000 206,000,000 287,000,000 134,000,000 75,000,000 180,000,000 328,000,000 186,000,000 93,000,000 172,000,000 288,000,000 194,000,000 47,000,000 104,000,000 257,000,000 100,000,000 84,000,000 29,000,000 121,000,000 57,000,000 16,000,000 38,000,000  
      cash flows from investing activities
    		                             
      acquisitions, net of cash acquired
    		               -322,000,000 0             
      acquisition of drop down assets, net of cash acquired
    		-142,000,000 -73,000,000 -4,000,000 -7,000,000 0 -560,000,000 -111,000,000 -145,000,000 107,000,000 0 -7,000,000                   
      capital expenditures
    		-81,000,000 -76,000,000 -56,000,000 -50,000,000 -35,000,000 -104,000,000 -98,000,000 -69,000,000 -34,000,000 -21,000,000 -88,000,000 -17,000,000 -14,000,000 -34,000,000 -47,000,000 -27,000,000 -31,000,000 -14,000,000 -79,000,000 -29,000,000 -12,000,000 -43,000,000 -40,000,000 -5,000,000 1,000,000 -10,000,000 -19,000,000 -6,000,000 -50,000,000 
      free cash flows
    		144,000,000 115,000,000 39,000,000 142,000,000 266,000,000 92,000,000 -17,000,000 137,000,000 253,000,000 113,000,000 -13,000,000 163,000,000 314,000,000 152,000,000 46,000,000 145,000,000 257,000,000 180,000,000 -32,000,000 75,000,000 245,000,000 57,000,000 44,000,000 24,000,000 122,000,000 47,000,000 -3,000,000 32,000,000  
      return of investment from unconsolidated affiliates
    		4,000,000 4,000,000 6,000,000  3,000,000 31,000,000 4,000,000  4,000,000 1,000,000 9,000,000 1,000,000 6,000,000 3,000,000 3,000,000 10,000,000 17,000,000 12,000,000 8,000,000 26,000,000 30,000,000 11,000,000 12,000,000       
      decrease in note receivable — affiliate
    		                             
      other
    		-9,000,000 4,000,000 8,000,000 3,000,000 5,000,000 5,000,000 2,000,000 3,000,000 3,000,000      3,000,000 5,000,000 4,000,000 0 13,000,000     0 0 0 11,000,000   
      net cash from investing activities
    		-341,000,000 -352,000,000 -46,000,000 -51,000,000 -27,000,000 -444,000,000 -203,000,000 -252,000,000 -155,000,000 -30,000,000 -86,000,000 -35,000,000 -231,000,000 1,423,000,000 -92,000,000 -435,000,000 -10,000,000 -106,000,000 -314,000,000 -42,000,000 -60,000,000 57,000,000 -17,000,000 53,000,000 -917,000,000     
      cash flows from financing activities
    		                             
      contributions from noncontrolling interests, net of distributions
    		354,000,000 336,000,000 44,000,000 108,000,000 -14,000,000 1,192,000,000 207,000,000    273,000,000    23,000,000               
      payments of dividends and distributions
    		-90,000,000 -89,000,000 -87,000,000 -85,000,000 -85,000,000 -83,000,000 -81,000,000 -80,000,000 -78,000,000 -77,000,000 -76,000,000 -75,000,000 -73,000,000 -71,000,000 -70,000,000 -69,000,000 -67,000,000 -66,000,000 -66,000,000 -64,000,000 -63,000,000 -42,000,000 -42,000,000       
      pro-rata distributions to ceg
    		0                             
      buyout of noncontrolling interest
    		                             
      proceeds from the revolving credit facility
    		368,000,000           0 0 0 80,000,000 245,000,000 77,000,000 105,000,000 195,000,000 0 0 85,000,000 180,000,000       
      payments for the revolving credit facility
    		           0 0 -305,000,000 -20,000,000 -77,000,000 -67,000,000 -63,000,000 -170,000,000 0 0         
      proceeds from the issuance of long-term debt
    		110,000,000 327,000,000 35,000,000  19,000,000 162,000,000 74,000,000  251,000,000 0 42,000,000  5,000,000 20,000,000 194,000,000  21,000,000 12,000,000 1,004,000,000  489,000,000 255,000,000 31,000,000       
      payments of debt issuance costs
    		0   -6,000,000 -3,000,000   -4,000,000 -6,000,000 -1,000,000 -7,000,000 0 0 0 -4,000,000 -7,000,000 0 2,000,000 -15,000,000 -10,000,000 -8,000,000         
      payments for long-term debt
    		-693,000,000 -435,000,000 -63,000,000 -302,000,000 -87,000,000 -1,411,000,000 -166,000,000 -965,000,000 -78,000,000 -102,000,000 -204,000,000    -317,000,000 -1,122,000,000 -142,000,000 -71,000,000 -957,000,000 -473,000,000 -507,000,000         
      net cash from financing activities
    		-29,000,000 236,000,000 -71,000,000 -82,000,000 -170,000,000 -145,000,000 34,000,000 -59,000,000 106,000,000 -199,000,000 28,000,000 -305,000,000 -229,000,000 -792,000,000 -184,000,000 376,000,000 -193,000,000 -49,000,000 233,000,000 -134,000,000 -76,000,000 -121,000,000 -104,000,000 -63,000,000 1,081,000,000 -82,000,000 241,000,000 -28,000,000 62,000,000 
      net decrease in cash, cash equivalents and restricted cash
    		  -22,000,000            -188,000,000    -34,000,000   36,000,000 -37,000,000       
      cash, cash equivalents and restricted cash at beginning of period
    		0 0 733,000,000 0 0 0 1,051,000,000 0 0 0 996,000,000 0 0 0 654,000,000 0 0 0 465,000,000 0 0 0 417,000,000       
      cash, cash equivalents and restricted cash at end of period
    		-145,000,000 75,000,000 711,000,000 59,000,000 104,000,000 -393,000,000 963,000,000 -105,000,000 238,000,000 -95,000,000 1,013,000,000 -160,000,000 -132,000,000 822,000,000 466,000,000 99,000,000 85,000,000 39,000,000 431,000,000 -72,000,000 121,000,000 36,000,000 380,000,000       
      changes in derivative instruments and amortization of accumulated oci
    		 -23,000,000 45,000,000  -15,000,000 47,000,000 2,000,000                       
      acquisitions
    		                             
      decrease in note receivable - affiliate
    		                             
      net increase in cash, cash equivalents and restricted cash
    		   59,000,000   -88,000,000 -105,000,000 238,000,000 -95,000,000 17,000,000 -160,000,000 -132,000,000   99,000,000 85,000,000   -72,000,000          
      gain on sale of business
    		           -1,000,000 0                 
      impairment losses
    		                             
      change in deferred income taxes
    		                             
      acquisition of capistrano wind portfolio, net of cash acquired
    		           0                  
      payment for equipment deposit
    		                             
      payment for equipment deposit and asset purchase from affiliate
    		                             
      return of investments from unconsolidated affiliates
    		                             
      decrease (increase) in note receivable — affiliate
    		   0                          
      investments in unconsolidated affiliates
    		       0 -18,000,000           0 -1,000,000 -3,000,000 -7,000,000 24,000,000 -2,000,000 -18,000,000 3,000,000 -15,000,000 0 
      proceeds from sale of business
    		           0 0                 
      distributions to ceg of escrowed amounts
    		           0 0 0 -64,000,000               
      tax-related distributions
    		       0 -2,000,000   0                  
      buyouts of noncontrolling interest and redeemable noncontrolling interest
    		                             
      proceeds from issuance of long-term debt
    		                             
      supplemental disclosures:
    		                             
      interest paid, net of amount capitalized
    		                             
      income taxes paid, net of refunds received
    		                             
      non-cash financing activity:
    		                             
      non-cash adjustment for change in tax basis
    		                             
      cash from changes in other working capital:
    		                             
      changes in prepaid and accrued liabilities for tolling agreements
    		    19,000,000 -6,000,000 -10,000,000 -9,000,000 33,000,000 -17,000,000 -39,000,000 -14,000,000 98,000,000 -30,000,000 -44,000,000 -15,000,000 96,000,000 -32,000,000 -44,000,000 -16,000,000 92,000,000 -32,000,000 -45,000,000       
      equity in (earnings) losses of unconsolidated affiliates
    		      -12,000,000            -4,000,000           
      cash from changes in other working capital
    		                             
      increase in note receivable — affiliate
    		       41,000,000                      
      buyout of noncontrolling interest and redeemable noncontrolling interest
    		                             
      reclassification of cash to assets held-for-sale
    		              -5,000,000               
      income taxes paid
    		                             
      non-cash investing and financing activities:
    		                             
      non-cash (distributions to), contributions from noncontrolling interests
    		                             
      contributions from (distributions to) noncontrolling interests
    		        19,000,000                     
      gain on sale of unconsolidated affiliate
    		                   0 0         
      loss on disposal of asset components
    		                   7,000,000          
      cash provided (used) in changes in other working capital
    		                             
      asset purchase from affiliate
    		               0 0             
      proceeds from sale of assets
    		                   0 0 75,000,000 15,000,000       
      consolidation of dgpv holdco 3 llc
    		                   0 0         
      buyout of repowering partnership ii llc noncontrolling interest
    		                   0 0         
      proceeds from the issuance of common stock
    		                             
      non-cash (distributions to), contributions from ceg
    		                             
      acquisition of drop down assets
    		            0 0 -51,000,000               
      (distributions to) contributions from noncontrolling interests
    		            -7,000,000                 
      payments for short-term and long-term debt
    		            -146,000,000                 
      changes in derivative instruments
    		             10,000,000 82,000,000 -22,000,000 30,000,000 47,000,000 -27,000,000 -19,000,000 -37,000,000 15,000,000 85,000,000 14,000,000    -7,000,000 -4,000,000 
      cash receipts from notes receivable
    		                0             
      amortization of intangibles and out-of-market contracts
    		                   23,000,000 22,000,000 23,000,000 22,000,000 9,000,000 7,000,000 0 1,000,000 -1,000,000 1,000,000 
      partnership interest acquisition
    		                             
      buyout of wind te holdco noncontrolling interest
    		                             
      supplemental disclosures
    		                             
      reductions to fixed assets for accrued capital expenditures
    		                             
      non-cash contributions from ceg, net of distributions
    		                             
      gain on disposal of asset components
    		                             
      acquisition of drop down asset
    		                0 0 -132,000,000           
      insurance proceeds
    		                    2,000,000 0 3,000,000       
      net contributions from noncontrolling interests
    		                -14,000,000 36,000,000 229,000,000    154,000,000       
      net proceeds from the issuance of common stock
    		                    20,000,000 28,000,000 10,000,000       
      reduction (increase) in carrying amount of right-of-use assets
    		                             
      acquisition of agua caliente, net of cash acquired
    		                  -111,000,000           
      non-cash contributions from ceg, nrg, net of distributions
    		                             
      right-of-use asset amortization
    		                    2,000,000 -3,000,000 2,000,000       
      net contributions (distributions) from noncontrolling interests
    		                    -7,000,000         
      equity in earnings (losses) of unconsolidated affiliates
    		                      13,000,000       
      payments for long-term debt - external
    		                      -437,000,000       
      depreciation and amortization
    		                       42,000,000 34,000,000 43,000,000 17,000,000 16,000,000 16,000,000 
      right of use asset amortization
    		                             
      adjustment for debt extinguishment
    		                             
      partnership interests acquisition
    		                             
      acquisition of the drop down assets
    		                             
      buyout of wind te holdco non-controlling interest
    		                             
      net (distributions) contributions from noncontrolling interests
    		                             
      net proceeds from the issuance of common stock under the atm
    		                             
      (gain) loss on disposal of asset components
    		                             
      changes in prepaid and accrued capacity payments
    		                             
      acquisition of business
    		                             
      net distributions and return of capital to nrg prior to the acquisition of drop down assets
    		                             
      (reductions) additions to fixed assets for accrued capital expenditures
    		                             
      non-cash adjustment for change in tax basis of assets
    		                             
      depreciation, amortization and aro accretion
    		                             
      acquisition of businesses, net of cash acquired
    		                             
      receipt of indemnity from supplier
    		                             
      increase in restricted cash
    		                           37,000,000  
      proceeds from renewable energy grants
    		                       0 0 41,000,000 96,000,000 1,000,000 0 
      contributions from tax equity investors, net of distributions
    		                             
      capital contributions from nrg
    		                       0 0   21,000,000 0 
      distributions and return of capital to nrg prior to the acquisition of drop down assets
    		                             
      net increase in cash and cash equivalents
    		                       19,000,000 285,000,000 -356,000,000 384,000,000   
      cash and cash equivalents at beginning of period
    		                       0 0 23,000,000 36,000,000 0 0 
      cash and cash equivalents at end of period
    		                       19,000,000 285,000,000 -333,000,000 420,000,000 -85,000,000 104,000,000 
      additions (reductions) to fixed assets for accrued capital expenditures
    		                             
      decrease to fixed assets for accrued grants
    		                             
      decrease to fixed assets for deferred tax asset
    		                             
      increase in debt due to accrued interest converted to debt
    		                             
      non-cash return of capital and distributions to nrg, net of contributions
    		                             
      distributions in excess of equity in earnings of unconsolidated affiliates
    		                             
      amortization of financing costs and debt discount/premiums
    		                           1,000,000 0 
      decrease in notes receivable, including affiliates
    		                        1,000,000     
      net investments in unconsolidated affiliates
    		                             
      contributions from tax equity investors
    		                             
      distributions and return of capital to nrg prior to the acquisition of drop down assets and ipo
    		                             
      payment of dividends and distributions
    		                       -29,000,000 -28,000,000     
      payment of debt issuance costs
    		                       -1,000,000 -13,000,000 -5,000,000 -8,000,000 0 -1,000,000 
      payments for long-term debt — external
    		                       -33,000,000 -47,000,000 -74,000,000 -74,000,000 -34,000,000 -10,000,000 
      payments for long-term debt — affiliate
    		                           0 0 
      non-cash addition to additional paid-in capital for change in tax basis of property, plant and equipment for assets acquired from nrg
    		                             
      distributions and equity in earnings of unconsolidated affiliates
    		                       -20,000,000 25,000,000 -9,000,000 1,000,000 4,000,000 -13,000,000 
      payment to nrg for acquired rofo assets
    		                       0 0     
      decrease (increase) in restricted cash
    		                       32,000,000 -16,000,000     
      decrease (increase) in notes receivable, including affiliates
    		                             
      distributions and return of capital to nrg
    		                             
      proceeds from issuance of class a common stock
    		                           0  
      proceeds from issuance of long-term debt — external
    		                       0 538,000,000 41,000,000 345,000,000 0 0 
      additions to fixed assets for accrued capital expenditures
    		                             
      non-cash capital contributions from nrg
    		                             
      non-cash return of capital and dividends to nrg
    		                             
      amortization of financing costs and debt discount/premium
    		                        3,000,000 4,000,000 1,000,000   
      payment for alta acquisition
    		                             
      return of capital to nrg
    		                             
      payment of borrowings from affiliate
    		                             
      proceeds from the issuance of class a common stock
    		                             
      dividends and returns of capital to nrg
    		                           0 -395,000,000 
      decrease in restricted cash
    		                          33,000,000   
      decrease in notes receivable
    		                          3,000,000   
      net cash provided by/(used by) investing activities
    		                          127,000,000   
      payment of dividends
    		                          -22,000,000   
      decrease/
    		                             
      net cash used by investing activities
    		                           -95,000,000 -72,000,000 
      payment of dividends to class a and class b common stockholders
    		                             
      net increase/(decrease) in cash and cash equivalents
    		                             
      decrease to fixed assets for accrued grants and related tax impact
    		                             
      non-cash addition to additional paid-in capital for change in tax basis of property, plant and equipment
    		                             
      decrease to notes receivable for equity conversion
    		                             
      decrease/(increase) in notes receivable
    		                            2,000,000 
      adjustments to reconcile net income to net cash (used)/provided by operating activities:
    		                             
      net cash (used)/provided by operating activities
    		                             
      (increase)/decrease in restricted cash
    		                             
      net (decrease)/increase in cash and cash equivalents
    		                             
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.