The AES Corporation (AES) Financial Statements (2024 and earlier)

Company Profile

Business Address 4300 WILSON BOULEVARD
ARLINGTON, VA 22203
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4991 - Cogeneration Services & Small Power Producers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1041,1751,4241,4291,4791,373
Cash and cash equivalents1,3749431,0891,0291,166949
Short-term investments730232335400313424
Restricted cash and investments536304297336370274
Receivables1,7991,4181,3001,4791,5951,463
Inventory, net of allowances, customer advances and progress billings1,055604461487577562
Inventory1,055604461487577562
Prepaid expense981421028013062
Disposal group, including discontinued operation5188161,104618572,034
Other current assets1,533897726802807630
Total current assets:7,6435,3565,4145,2315,0156,398
Noncurrent Assets
Property, plant and equipment23,03919,90622,82622,57421,39620,296
Long-term investments and receivables2,0031,0808352,3172,5371,197
Long-term investments9521,0808359661,1141,197
Accounts and financing receivable, after allowance for credit loss 1,051  1,3511,423 
Intangible assets, net (including goodwill)2,2032,6271,8881,5281,4951,425
Goodwill3621,1771,0611,0591,0591,059
Intangible assets, net (excluding goodwill)1,8411,450827469436366
Derivative instruments and hedges      264
Regulated entity, other noncurrent assets      542
Disposal group, including discontinued operation, noncurrent assets 1,1601,251   
Other noncurrent assets2,9792,1881,6601,6351,5141,741
Other undisclosed noncurrent assets4966467293635641,249
Total noncurrent assets:30,72027,60729,18928,41727,50626,714
TOTAL ASSETS:38,36332,96334,60333,64832,52133,112
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8812,8543,1112,9582,9422,960
Interest and dividends payable182191201191228
Taxes payable399541425460129
Accounts payable1,7301,1531,1561,3111,3291,371
Accrued liabilities2,1511,1201,2231,0219621,232
Debt 66419  
Derivative instruments and hedges, liabilities168   51211
Regulatory liability641948818617
Disposal group, including discontinued operation35455966744281,033
Other undisclosed current liabilities2,0181,2941,5321,5961,3121,807
Total current liabilities:6,4914,7325,3625,0964,3996,028
Noncurrent Liabilities
Long-term debt and lease obligation 16942277328  
Finance lease, liability 1691287767
Liabilities, other than long-term debt5,8006,1316,2564,0075,3624,801
Accounts payable and accrued liabilities     717
Deferred tax liabilities, net1,2801,006
Deferred income tax liabilities1,1399771,100 
Liability, pension and other postretirement and postemployment benefits      230
Regulatory liability8131,0561,0581,0901,1461,079
Disposal group, including discontinued operation, liabilities 740857   
Other liabilities3,1683,3583,2412,9172,7232,365
Operating lease, liability374294 261
Derivative instruments and hedges, liabilities306   206104
Other undisclosed noncurrent liabilities20,07815,85417,31618,10016,27716,601
Total noncurrent liabilities:26,04722,40723,64922,43521,63921,402
Total liabilities:32,53827,13929,01127,53126,03827,430
Temporary equity, carrying amount1,3211,257872888879837
Equity
Equity, attributable to parent2,4372,7982,6342,9963,2082,465
Preferred stock838825    
Common stock888888
Treasury stock, value(1,822)(1,845)(1,858)(1,867)(1,878)(1,892)
Additional paid in capital6,6887,1197,5617,7768,1548,501
Accumulated other comprehensive loss(1,640)(2,220)(2,397)(2,229)(2,071)(1,876)
Accumulated deficit(1,635)(1,089)(680)(692)(1,005)(2,276)
Equity, attributable to noncontrolling interest2,0671,7692,0862,2332,3962,380
Total equity:4,5044,5674,7205,2295,6044,845
TOTAL LIABILITIES AND EQUITY:38,36332,96334,60333,64832,52133,112

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues12,61711,1419,66010,18910,73610,530
Revenue, net10,530
Cost of revenue
(Cost of Goods and Services Sold)
(10,069)(8,430)(6,967)(7,840)(8,163)(8,066)
Gross profit:2,5482,7112,6932,3492,5732,464
Operating expenses(216)(1,849)(260)(196)(192)(215)
Other operating expense, net
(Other Expenses)
(68)(60)(53)(80)(58)(57)
Operating income:2,2648022,3802,0732,3232,192
Nonoperating income23969819615991234
Investment income, nonoperating389298268318310192
Gain (loss), foreign currency transaction, before tax(77)(10)55(67)(72)42
Other nonoperating income (expense)(73)410(127)(92)(147) 
Interest and debt expense(1,132)(989)(1,224)(1,219)(1,244)(1,238)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1,540)(1,575)(864)(12)848(417)
Income (loss) from continuing operations before equity method investments, income taxes:(169)(1,064)4881,0012,018771
Income (loss) from equity method investments(71)(24)(123)(172)3971
Other undisclosed income (loss) from continuing operations before income taxes 336444(557)(1,106)(2,566)(1,363)
Income (loss) from continuing operations before income taxes:96(644)(192)(277)(509)(521)
Income tax expense (benefit)(265)133(216)(352)(708)(990)
Other undisclosed income (loss) from continuing operations (336)(444)5571,1062,5661,363
Income (loss) from continuing operations:(505)(955)1494771,349(148)
Income (loss) before gain (loss) on sale of properties:(954)1494771,349(148)
Income from discontinued operations  1    
Other undisclosed net income 331216 
Net income (loss):(505)(951)1524781,565(148)
Net loss attributable to noncontrolling interest     (398)
Other undisclosed net income (loss) attributable to parent(41)542(106)(175)(362)(615)
Net income (loss) attributable to parent:(546)(409)463031,203(1,161)
Preferred stock dividends and other adjustments(64)     
Net income (loss) available to common stockholders, diluted:(610)(409)463031,203(1,161)

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(505)(951)1524781,565(148)
Other comprehensive income (loss)748292(167)(227)(151)919
Other undisclosed comprehensive loss      (629)
Comprehensive income (loss):243(659)(15)2511,414142
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(127)4384(102)(425)(390)
Comprehensive income (loss), net of tax, attributable to parent:116(221)(11)149989(248)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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