AES CORP
10-K & 10-Q Filings
The AES Corporation is a global energy company that is accelerating the future of energy by improving lives through the delivery of innovative solutions for decarbonization, electrification, and digitalization. The company's strategy focuses on partnering with large corporations that are transitioning to carbon-free sources of electricity, particularly in the technology sector. AES has a diverse generation portfolio of 34,596 MW, including renewables, natural gas, coal, and oil. The company's generation businesses sell electricity under medium- or long-term contracts and short-term agreements, with revenue and costs typically matched in currency. AES also operates utilities in the US and El Salvador, selling electricity directly to end-users and billing customers directly. The company's utility businesses are subject to government regulation and earn a regulated rate of return on assets. AES develops and constructs new generation facilities, prioritizing renewable energy projects in key growth markets. The company's website is [www.aes.com] and its ticker symbol is AES on the New York Stock Exchange.
12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$17274.00
18141.00
15891.00
17146.00
14963.00
13586.00
10530.00
10736.00
10189.00
9660.00
11141.00
12617.00
12668.00
3239.00
3085.00
-2.55%-4.75%Cost of Revenue (-)$13140.00
14427.00
12644.00
14058.00
12097.00
11153.00
8066.00
8163.00
7840.00
6967.00
8430.00
10069.00
10164.00
2645.00
2466.00
-2.12%-6.77%Gross Profit (+)$4134.00
3714.00
3247.00
3088.00
2866.00
2433.00
2464.00
2573.00
2349.00
2693.00
2711.00
2548.00
2504.00
594.00
619.00
-4.09%4.21%Selling, General & Administrative (-)$391.00
301.00
220.00
187.00
196.00
194.00
215.00
192.00
196.00
165.00
166.00
207.00
255.00
55.00
75.00
-3.50%36.36%Non-recurring Operating Expenses (-)$242.00
1890.00
467.00
255.00
602.00
1096.00
537.00
208.00
185.00
864.00
1575.00
1540.00
1079.00
20.00
46.00
13.27%130.00%Operating Expenses (-)$789.00
2284.00
763.00
510.00
863.00
1393.00
809.00
-526.00
433.00
1177.00
3484.00
1824.00
1299.00
89.00
116.00
4.24%30.34%Costs & Expenses (Total) (-)$-12351.00
16711.00
13407.00
14568.00
12960.00
12546.00
8875.00
7637.00
8273.00
8144.00
11914.00
11893.00
11463.00
2734.00
2939.00
7.50%Operating Income/Loss (+)$3496.00
1430.00
2484.00
2578.00
2003.00
1040.00
1655.00
3099.00
1916.00
1516.00
-773.00
724.00
1205.00
505.00
518.00
-8.49%2.57%Non-operating Income/Expense (+)$286.00
385.00
-54.00
364.00
577.00
499.00
237.00
-58.00
-182.00
-113.00
596.00
153.00
186.00
86.00
116.00
-3.52%34.88%Interest Expense (-)$1603.00
1572.00
1482.00
1471.00
1436.00
1431.00
1170.00
1056.00
1050.00
1038.00
911.00
1117.00
1319.00
330.00
357.00
-1.61%8.18%Earnings before Tax (+)$2179.00
314.00
1048.00
1576.00
1122.00
137.00
771.00
2018.00
1001.00
488.00
-1064.00
-169.00
104.00
265.00
277.00
-22.39%4.53%Tax Expense (-)$636.00
708.00
343.00
419.00
465.00
-188.00
990.00
708.00
352.00
216.00
-133.00
265.00
261.00
72.00
-16.00
-7.15%-122.22%Income/Loss (Continuing Operations) (+)$1541.00
-360.00
730.00
1176.00
762.00
361.00
-148.00
1349.00
477.00
149.00
-955.00
-505.00
-189.00
193.00
293.00
51.81%Income/Loss (Discontinued Operations) (+)$-11.00
3.00
-179.00
-29.00
-1138.00
-629.00
216.00
1.00
3.00
4.00
7.00
Profit/Loss (+)
$1530.00
-357.00
551.00
1147.00
762.00
-777.00
-777.00
1565.00
478.00
152.00
-951.00
-505.00
-182.00
189.00
278.00
47.09%Net Income/Loss (NCI) (-)$1472.00
555.00
437.00
378.00
456.00
353.00
398.00
38.00
-154.00
-505.26%Net Income/Loss (+)$58.00
-912.00
114.00
769.00
306.00
-1130.00
-1161.00
1203.00
303.00
46.00
-409.00
-546.00
249.00
151.00
432.00
12.91%186.09%Net Income/Loss (Common) (+)$58.00
-912.00
114.00
769.00
306.00
-1130.00
-1161.00
1203.00
303.00
46.00
-409.00
-546.00
249.00
151.00
432.00
12.91%186.09%EPS (Basic)$0.07
-1.21
0.15
1.07
0.45
-1.72
-1.76
1.82
0.46
0.07
-0.61
-0.82
0.37
0.22
0.62
14.88%181.82%EPS (Diluted)$0.07
-1.21
0.15
1.06
0.44
-1.71
-1.76
1.81
0.45
0.07
-0.61
-0.82
0.35
0.21
0.60
14.35%185.71%Weighted Avg Shares (Basic)765.91
745.76
723.93
702.63
659.73
659.18
660.45
662.36
664.04
665.48
667.40
668.82
710.29
669.34
710.67
-0.63%6.17%Weighted Avg Shares (Diluted)712.00
712.00
0.00%Cash$2194.00
2721.00
2239.00
1822.00
1557.00
1583.00
1223.00
3539.00
2937.00
1386.00
1247.00
1910.00
1796.00
1897.00
2356.00
-1.65%24.20%Short-term Investments$1356.00
696.00
668.00
709.00
484.00
798.00
424.00
313.00
400.00
335.00
232.00
730.00
395.00
822.00
394.00
-9.77%-52.07%Receivables$3425.00
3306.00
2363.00
2709.00
2473.00
2166.00
1463.00
1595.00
1479.00
1300.00
1418.00
1799.00
1420.00
1859.00
1624.00
-7.07%-12.64%Inventory$789.00
769.00
684.00
702.00
675.00
630.00
562.00
577.00
487.00
461.00
604.00
1055.00
712.00
864.00
639.00
-0.85%-26.04%Prepaid Expenses (Current)$158.00
231.00
179.00
175.00
108.00
83.00
62.00
130.00
80.00
102.00
142.00
98.00
177.00
167.00
198.00
0.95%18.56%Other Assets (Current)$1306.00
742.00
1606.00
1709.00
1569.00
1151.00
2664.00
864.00
1420.00
1830.00
1713.00
2051.00
2149.00
2034.00
1959.00
4.24%-3.69%Assets (Current)$9228.00
8465.00
7739.00
7826.00
6866.00
6411.00
6398.00
5015.00
5231.00
5414.00
5356.00
7643.00
6649.00
7643.00
7170.00
-2.69%-6.19%Securities & Long-term Investments$1422.00
1196.00
1010.00
537.00
610.00
621.00
1197.00
1114.00
966.00
835.00
1080.00
952.00
941.00
768.00
1228.00
-3.38%59.90%Property, Plant & Equipment (Net)$25731.00
25913.00
25112.00
25151.00
22816.00
22847.00
20296.00
21396.00
22574.00
22826.00
19906.00
23039.00
29958.00
24213.00
31906.00
1.28%31.77%Accumulated Depreciation$9145.00
9723.00
9604.00
9962.00
9449.00
9528.00
7942.00
8227.00
8505.00
8472.00
8486.00
8651.00
8602.00
8882.00
8804.00
-0.51%-0.88%Goodwill & Intangibles$4299.00
2428.00
1919.00
1739.00
1371.00
1516.00
1425.00
1495.00
1528.00
1888.00
2627.00
2203.00
2591.00
2224.00
2606.00
-4.13%17.18%Other Assets$4745.00
3904.00
4631.00
3713.00
5187.00
4724.00
3796.00
3501.00
3349.00
3640.00
3994.00
4526.00
4660.00
4509.00
4135.00
-0.15%-8.29%Assets (Non-current)$36197.00
33441.00
32672.00
31140.00
29984.00
29708.00
26714.00
27506.00
28417.00
29189.00
27607.00
30720.00
38150.00
31714.00
39875.00
0.44%25.73%Assets (Total)$45333.00
41830.00
40411.00
38966.00
36850.00
36119.00
33112.00
32521.00
33648.00
34603.00
32963.00
38363.00
44799.00
39357.00
47045.00
-0.10%19.53%Accounts Payable$5770.00
5465.00
4636.00
4864.00
4408.00
3969.00
2831.00
2732.00
2786.00
2827.00
2721.00
4379.00
5100.00
2103.00
4792.00
-1.02%127.86%Debt (Current)$
4233.00
Other Liabilities (Current)$2676.00
2854.00
3017.00
2133.00
2542.00
1303.00
3197.00
1667.00
2310.00
2535.00
2011.00
2112.00
4631.00
4673.00
186.00
4.68%-96.02%Liabilities (Current)$8446.00
8319.00
7653.00
6997.00
6950.00
5272.00
6028.00
4399.00
5096.00
5362.00
4732.00
6491.00
9731.00
6776.00
9211.00
1.19%35.94%Debt (Non-current)$
25370.00
Other Liabilities$27080.00
25919.00
25029.00
24566.00
23729.00
25147.00
22239.00
22518.00
23323.00
24521.00
23664.00
27368.00
29083.00
28118.00
6184.00
0.60%-78.01%Liabilities (Non-current)$27080.00
25919.00
25029.00
24566.00
23729.00
25147.00
22239.00
22518.00
23323.00
24521.00
23664.00
27368.00
29083.00
28118.00
31554.00
0.60%12.22%Liabilities (Total)$35526.00
34238.00
32682.00
31563.00
30679.00
30419.00
28267.00
26917.00
28419.00
29883.00
28396.00
33859.00
38814.00
34894.00
40765.00
0.74%16.83%Treasury Stock$489.00
780.00
1089.00
1371.00
1837.00
1892.00
1878.00
1867.00
1858.00
1845.00
1822.00
1813.00
1815.00
1809.00
11.54%-0.33%Retained Earnings$678.00
-264.00
-150.00
512.00
143.00
-2276.00
-1005.00
-692.00
-680.00
-1089.00
-1635.00
-1386.00
-1484.00
-954.00
35.71%AOCI$-2758.00
-2920.00
-2882.00
-3286.00
-3883.00
-2756.00
-1876.00
-2071.00
-2229.00
-2397.00
-2220.00
-1640.00
-1514.00
-1742.00
-1414.00
18.83%Shareholder's Equity$9729.00
7514.00
7651.00
7325.00
6171.00
5700.00
4845.00
5604.00
5229.00
4720.00
4567.00
4504.00
5985.00
4463.00
6280.00
-3.97%40.71%Liabilities & Equity$45333.00
41830.00
40411.00
38966.00
36850.00
36119.00
33112.00
32521.00
33648.00
34603.00
32963.00
38363.00
44799.00
39357.00
47045.00
-0.10%19.53%Net Income/Loss$1530.00
-357.00
551.00
1147.00
762.00
-777.00
-777.00
1565.00
478.00
152.00
-951.00
-505.00
-182.00
189.00
278.00
47.09%Depreciation & Amortization$1262.00
1394.00
1294.00
1245.00
1144.00
1176.00
1169.00
1003.00
1045.00
1068.00
1056.00
1053.00
1128.00
273.00
312.00
-0.93%14.29%Increase/Decrease in Working Capital$-52.00
68.00
76.00
1022.00
437.00
-552.00
66.00
186.00
39.00
-290.00
1362.00
289.00
-310.00
-9.00
606.00
6833.33%Adjustments to Reconcile Net Income$1354.00
3258.00
2164.00
644.00
1372.00
3661.00
3266.00
778.00
1988.00
2603.00
2853.00
3220.00
3216.00
436.00
9.00
7.48%-97.94%Net Cash (Operating)$2884.00
2901.00
2715.00
1791.00
2134.00
2884.00
2489.00
2343.00
2466.00
2755.00
1902.00
2715.00
3034.00
625.00
287.00
0.42%-54.08%Capital Expenditure$4948.00
1571.00
1763.00
899.00
2187.00
1769.00
2694.00
167.00
2419.00
1867.00
2679.00
4793.00
8012.00
1453.00
2194.00
4.10%51.00%Net Cash (Investing)$-4906.00
-1023.00
-1774.00
-656.00
-2366.00
-2108.00
-2749.00
-505.00
-2721.00
-2295.00
-3051.00
-5836.00
-8188.00
-1624.00
-2386.00
-46.92%Increase/Decrease in Debt$437.00
-321.00
-22.00
2.00
22.00
32.00
414.00
-373.00
291.00
-59.00
382.00
737.00
818.00
710.00
1423.00
5.36%100.42%Increase/Decrease in Equity$-481.00
-341.00
-498.00
-466.00
-572.00
-184.00
-100.00
-39.00
-126.00
-107.00
982.00
-120.00
-142.00
-18.00
-31.00
-72.22%Interest Expenses$1442.00
1509.00
1398.00
1351.00
1265.00
1273.00
1196.00
1003.00
946.00
908.00
815.00
928.00
1317.00
252.00
354.00
-0.75%40.48%Dividends Paid$
30.00
119.00
144.00
276.00
290.00
317.00
344.00
362.00
381.00
401.00
422.00
444.00
111.00
116.00
4.50%Net Cash (Financing)$1412.00
-1739.00
-1136.00
-1262.00
28.00
-747.00
43.00
-1643.00
-86.00
-78.00
797.00
3758.00
5405.00
1016.00
2606.00
11.84%156.50%Cash Taxes Paid$971.00
647.00
570.00
480.00
388.00
487.00
377.00
370.00
363.00
333.00
459.00
271.00
301.00
53.00
68.00
-9.30%28.30%Effect of Exchange Rate$-122.00
5.00
-59.00
-51.00
-52.00
9.00
3.00
-54.00
-18.00
-24.00
-46.00
-56.00
-270.00
-18.00
-15.00
16.67%Increase/Decrease in Cash$-815.00
275.00
-258.00
-103.00
-277.00
48.00
-295.00
215.00
-431.00
255.00
-343.00
603.00
-97.00
-10.00
565.00
5750.00%Cash (Beginning)$2525.00
1695.00
1900.00
1642.00
1539.00
1257.00
1244.00
1788.00
2003.00
1572.00
1827.00
1484.00
2087.00
2087.00
1990.00
-1.58%-4.65%Cash (Ending)$1710.00
1970.00
1642.00
1539.00
1262.00
1305.00
949.00
2003.00
1572.00
1827.00
1484.00
2087.00
1990.00
2077.00
2555.00
1.27%23.01%NOPAT$1938.12
-1516.53
1132.97
1792.82
1310.34
-387.15
845.75
2530.80
1221.19
481.52
-869.63
-436.97
4692.55
404.00
547.92
7.65%35.62%Gross Margin %23.93%
20.47%
20.43%
18.01%
19.15%
17.91%
23.40%
23.97%
23.05%
27.88%
24.33%
20.19%
19.77%
18.34%
20.06%
Operating Margin %20.24%
7.88%
15.63%
15.04%
13.39%
7.65%
15.72%
28.87%
18.80%
15.69%
-6.94%
5.74%
9.51%
15.59%
16.79%
NOPAT Margin %11.22%
-8.36%
7.13%
10.46%
8.76%
-2.85%
8.03%
23.57%
11.99%
4.98%
-7.81%
-3.46%
37.04%
12.47%
17.76%
Net Margin %0.34%
-5.03%
0.72%
4.49%
2.05%
-8.32%
-11.03%
11.21%
2.97%
0.48%
-3.67%
-4.33%
1.97%
4.66%
14.00%
Tax Rate %44.56%
206.05%
54.39%
30.46%
34.58%
137.23%
48.90%
18.33%
36.26%
68.24%
-12.50%
160.36%
-289.42%
20.00%
-5.78%
ROA4.28%
-3.63%
2.80%
4.60%
3.56%
-1.07%
2.55%
7.78%
3.63%
1.39%
-2.64%
-1.14%
10.47%
1.03%
1.16%
ROE19.92%
-20.18%
14.81%
24.48%
21.23%
-6.79%
17.46%
45.16%
23.35%
10.20%
-19.04%
-9.70%
78.41%
9.05%
8.72%
ROIC6.68%
-5.50%
4.41%
6.83%
5.63%
-1.61%
4.14%
11.15%
5.26%
2.05%
-3.94%
-1.82%
16.35%
1.60%
1.69%
Asset Turnover0.38
0.43
0.39
0.44
0.41
0.38
0.32
0.33
0.30
0.28
0.34
0.33
0.28
0.08
0.07
Inventory Turnover16.65
18.76
18.49
20.03
17.92
17.70
14.35
14.15
16.10
15.11
13.96
9.54
14.28
3.06
3.86
Equity Multiplier4.66
5.57
5.28
5.32
5.97
6.34
6.83
5.80
6.43
7.33
7.22
8.52
7.49
8.82
7.49
Current Ratio1.09
1.02
1.01
1.12
0.99
1.22
1.06
1.60
1.33
1.01
1.13
1.18
0.68
1.13
0.78
Quick Ratio0.83
0.81
0.69
0.75
0.65
0.86
0.52
1.24
0.95
0.56
0.61
0.68
0.37
0.68
0.47
Debt/Equity Ratio4.71
Interest Coverage Ratio2.42
0.95
1.78
1.91
1.58
0.82
1.38
3.09
2.03
1.67
-0.95
0.78
0.91
2.00
1.46
Working Capital/Sales-0.06
-0.04
-0.08
-0.04
-0.06
-0.03
-0.12
-0.02
-0.09
-0.13
-0.04
-0.10
-0.30
-0.38
-0.69
Dividend Payout Ratio %1.98%
10.50%
8.03%
21.06%
74.91%
37.48%
13.59%
29.64%
79.13%
46.11%
96.57%
9.46%
27.48%
21.17%
Total Payout$1486.00
2201.00
2037.00
1959.00
2091.00
1715.00
1199.00
1759.00
1143.00
1455.00
-148.00
733.00
1085.00
-329.00
-922.00
-2.59%-180.24%Payout Ratio %76.67%
145.13%
179.79%
109.27%
159.58%
442.98%
141.77%
69.50%
93.60%
302.17%
-17.02%
167.75%
23.12%
-81.44%
-168.27%