The AES Corporation (AES) Financial Statements (2025 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,821 | 2,104 | 1,175 | 1,424 | 1,429 | 1,479 | |||
| Cash and cash equivalents | 1,426 | 1,374 | 943 | 1,089 | 1,029 | 1,166 | |||
| Short-term investments | 395 | 730 | 232 | 335 | 400 | 313 | |||
| Restricted cash and investments | 370 | 536 | 304 | 297 | 336 | 370 | |||
| Receivables | 1,420 | 1,799 | 1,418 | 1,300 | 1,479 | 1,595 | |||
| Inventory, net of allowances, customer advances and progress billings | 712 | 1,055 | 604 | 461 | 487 | 577 | |||
| Inventory | 712 | 1,055 | 604 | 461 | 487 | 577 | |||
| Prepaid expense | 177 | 98 | 142 | 102 | 80 | 130 | |||
| Disposal group, including discontinued operation | 762 | 518 | 816 | 1,104 | 618 | 57 | |||
| Other current assets | 1,387 | 1,533 | 897 | 726 | 802 | 807 | |||
| Total current assets: | 6,649 | 7,643 | 5,356 | 5,414 | 5,231 | 5,015 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 29,958 | 23,039 | 19,906 | 22,826 | 22,574 | 21,396 | |||
| Long-term investments and receivables | 941 | 2,003 | 1,080 | 835 | 2,317 | 2,537 | |||
| Long-term investments | 941 | 952 | 1,080 | 835 | 966 | 1,114 | |||
| Accounts and financing receivable, after allowance for credit loss | 1,051 | 1,351 | 1,423 | ||||||
| Intangible assets, net (including goodwill) | 2,591 | 2,203 | 2,627 | 1,888 | 1,528 | 1,495 | |||
| Goodwill | 348 | 362 | 1,177 | 1,061 | 1,059 | 1,059 | |||
| Intangible assets, net (excluding goodwill) | 2,243 | 1,841 | 1,450 | 827 | 469 | 436 | |||
| Restricted cash and investments | |||||||||
| Disposal group, including discontinued operation, noncurrent assets | 811 | 1,160 | 1,251 | ||||||
| Deferred income tax assets | ✕ | ||||||||
| Other noncurrent assets | 3,259 | 2,979 | 2,188 | 1,660 | 1,635 | 1,514 | |||
| Other undisclosed noncurrent assets | 590 | 496 | 646 | 729 | 363 | 564 | |||
| Total noncurrent assets: | 38,150 | 30,720 | 27,607 | 29,189 | 28,417 | 27,506 | |||
| TOTAL ASSETS: | 44,799 | 38,363 | 32,963 | 34,603 | 33,648 | 32,521 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,533 | 3,881 | 2,854 | 3,111 | 2,958 | 2,942 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 182 | 191 | 201 | 191 | ||
| Taxes payable | ✕ | ✕ | ✕ | 399 | 541 | 425 | 460 | ||
| Accounts payable | 2,199 | 1,730 | 1,153 | 1,156 | 1,311 | 1,329 | |||
| Accrued liabilities | 1,334 | 2,151 | 1,120 | 1,223 | 1,021 | 962 | |||
| Debt | 6 | 6 | 4 | 19 | |||||
| Derivative instruments and hedges, liabilities | 152 | 168 | 51 | ||||||
| Regulatory liability | 41 | 64 | 19 | 48 | 81 | 86 | |||
| Disposal group, including discontinued operation | 499 | 354 | 559 | 667 | 442 | 8 | |||
| Other undisclosed current liabilities | 5,506 | 2,018 | 1,294 | 1,532 | 1,596 | 1,312 | |||
| Total current liabilities: | 9,731 | 6,491 | 4,732 | 5,362 | 5,096 | 4,399 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 169 | 422 | 77 | 328 | |||||
| Finance lease, liability | 169 | 128 | 77 | 67 | ✕ | ||||
| Liabilities, other than long-term debt | 6,263 | 5,800 | 6,131 | 6,256 | 4,007 | 5,362 | |||
| Accounts payable and accrued liabilities | 7 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,280 | ||
| Deferred income tax liabilities | 1,245 | 1,139 | 977 | 1,100 | ✕ | ||||
| Regulatory liability | 709 | 813 | 1,056 | 1,058 | 1,090 | 1,146 | |||
| Disposal group, including discontinued operation, liabilities | 514 | 740 | 857 | ||||||
| Other liabilities | 3,114 | 3,168 | 3,358 | 3,241 | 2,917 | 2,723 | |||
| Operating lease, liability | 387 | 374 | 294 | 261 | ✕ | ||||
| Derivative instruments and hedges, liabilities | 294 | 306 | 206 | ||||||
| Other undisclosed noncurrent liabilities | 21,356 | 20,078 | 15,854 | 17,316 | 18,100 | 16,277 | |||
| Total noncurrent liabilities: | 27,619 | 26,047 | 22,407 | 23,649 | 22,435 | 21,639 | |||
| Total liabilities: | 37,350 | 32,538 | 27,139 | 29,011 | 27,531 | 26,038 | |||
| Temporary equity, carrying amount | 1,464 | 1,321 | 1,257 | 872 | 888 | 879 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,488 | 2,437 | 2,798 | 2,634 | 2,996 | 3,208 | |||
| Preferred stock | 838 | 838 | 825 | ||||||
| Common stock | 8 | 8 | 8 | 8 | 8 | 8 | |||
| Treasury stock, value | (1,813) | (1,822) | (1,845) | (1,858) | (1,867) | (1,878) | |||
| Additional paid in capital | 6,355 | 6,688 | 7,119 | 7,561 | 7,776 | 8,154 | |||
| Accumulated other comprehensive loss | (1,514) | (1,640) | (2,220) | (2,397) | (2,229) | (2,071) | |||
| Accumulated deficit | (1,386) | (1,635) | (1,089) | (680) | (692) | (1,005) | |||
| Equity, attributable to noncontrolling interest | 3,497 | 2,067 | 1,769 | 2,086 | 2,233 | 2,396 | |||
| Total equity: | 5,985 | 4,504 | 4,567 | 4,720 | 5,229 | 5,604 | |||
| TOTAL LIABILITIES AND EQUITY: | 44,799 | 38,363 | 32,963 | 34,603 | 33,648 | 32,521 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,668 | 12,617 | 11,141 | 9,660 | 10,189 | 10,736 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (10,164) | (10,069) | (8,430) | (6,967) | (7,840) | (8,163) | ||
| Gross profit: | 2,504 | 2,548 | 2,711 | 2,693 | 2,349 | 2,573 | ||
| Operating expenses | (121) | (216) | (1,849) | (260) | (196) | (192) | ||
| Other operating expense, net (Other Expenses) | (99) | (68) | (60) | (53) | (80) | (58) | ||
| Operating income: | 2,284 | 2,264 | 802 | 2,380 | 2,073 | 2,323 | ||
| Nonoperating income | 281 | 239 | 698 | 196 | 159 | 91 | ||
| Investment income, nonoperating | 551 | 389 | 298 | 268 | 318 | 310 | ||
| Gain (loss), foreign currency transaction, before tax | (359) | (77) | (10) | 55 | (67) | (72) | ||
| Other nonoperating income (expense) | 89 | (73) | 410 | (127) | (92) | (147) | ||
| Interest and debt expense | (1,382) | (1,132) | (989) | (1,224) | (1,219) | (1,244) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (1,079) | (1,540) | (1,575) | (864) | (12) | 848 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 104 | (169) | (1,064) | 488 | 1,001 | 2,018 | ||
| Income (loss) from equity method investments | (32) | (71) | (24) | (123) | (172) | 39 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 336 | 444 | (557) | (1,106) | (2,566) | |||
| Income (loss) from continuing operations before income taxes: | 72 | 96 | (644) | (192) | (277) | (509) | ||
| Income tax expense (benefit) | (261) | (265) | 133 | (216) | (352) | (708) | ||
| Other undisclosed income (loss) from continuing operations | (336) | (444) | 557 | 1,106 | 2,566 | |||
| Income (loss) from continuing operations: | (189) | (505) | (955) | 149 | 477 | 1,349 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (954) | 149 | 477 | 1,349 | |
| Income from discontinued operations | 1 | |||||||
| Other undisclosed net income (loss) | 7 | 3 | 3 | 1 | 216 | |||
| Net income (loss): | (182) | (505) | (951) | 152 | 478 | 1,565 | ||
| Net income (loss) attributable to noncontrolling interest | (431) | |||||||
| Other undisclosed net income (loss) attributable to parent | 862 | (41) | 542 | (106) | (175) | (362) | ||
| Net income (loss) attributable to parent: | 249 | (546) | (409) | 46 | 303 | 1,203 | ||
| Preferred stock dividends and other adjustments | (62) | (64) | ||||||
| Net income (loss) available to common stockholders, diluted: | 187 | (610) | (409) | 46 | 303 | 1,203 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (182) | (505) | (951) | 152 | 478 | 1,565 | ||
| Other comprehensive income (loss) | 69 | 748 | 292 | (167) | (227) | (151) | ||
| Comprehensive income (loss): | (113) | 243 | (659) | (15) | 251 | 1,414 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 498 | (127) | 438 | 4 | (102) | (425) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 385 | 116 | (221) | (11) | 149 | 989 | ||
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.