The AES Corporation (AES) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1751,4241,4291,4791,3732,1031,746
Cash and cash equivalents9431,0891,0291,1669491,3051,262
Short-term investments232335400313424798484
Restricted cash and investments304297336370274278295
Receivables1,4181,3001,4791,5951,4632,1662,473
Inventory, net of allowances, customer advances and progress billings604461487577562630675
Inventory604461487577562630675
Prepaid expense142102801306283108
Disposal group, including discontinued operation8161,104618572,034 96
Other current assets8977268028076301,1511,473
Total current assets:5,3565,4145,2315,0156,3986,4116,866
Noncurrent Assets
Property, plant and equipment19,90622,82622,57421,39620,29622,84722,816
Long-term investments and receivables1,0808352,3172,5371,197621610
Long-term investments1,0808359661,1141,197621610
Accounts and financing receivable, after allowance for credit loss  1,3511,423   
Intangible assets, net (including goodwill)2,6271,8881,5281,4951,4251,5161,371
Goodwill1,1771,0611,0591,0591,0591,1571,157
Intangible assets, net (excluding goodwill)1,450827469436366359214
Derivative instruments and hedges    264277289
Regulated entity, other noncurrent assets    542741918
Disposal group, including discontinued operation, noncurrent assets1,1601,251     
Other noncurrent assets2,1881,6601,6351,5141,7411,9052,536
Other undisclosed noncurrent assets6467293635641,2491,8011,444
Total noncurrent assets:27,60729,18928,41727,50626,71429,70829,984
TOTAL ASSETS:32,96334,60333,64832,52133,11236,11936,850
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,8543,1112,9582,9422,9604,1184,672
Accounts payable1,1531,1561,3111,3291,3711,6561,721
Accrued liabilities1,1201,2231,0219621,2322,0662,436
Taxes payable399541425460129149264
Interest and dividends payable182191201191228247251
Debt6419    
Derivative instruments and hedges, liabilities   51211155144
Regulatory liability1948818617538465
Disposal group, including discontinued operation55966744281,033 13
Other undisclosed current liabilities1,2941,5321,5961,3121,8074611,656
Total current liabilities:4,7325,3625,0964,3996,0285,2726,950
Noncurrent Liabilities
Long-term debt and lease obligation42277328    
Finance lease, liability1287767
Operating lease, liability294 261
Liabilities, other than long-term debt6,1316,2564,0075,3624,8016,8596,580
Accounts payable and accrued liabilities   7172235
Deferred tax liabilities, net1,2801,0068041,090
Deferred income tax liabilities9771,100 
Liability, pension and other postretirement and postemployment benefits    2301,396927
Regulatory liability1,0561,0581,0901,1461,0791,3631,286
Disposal group, including discontinued operation, liabilities740857     
Other liabilities3,3583,2412,9172,7232,3653,0052,896
Derivative instruments and hedges, liabilities   206104269346
Other undisclosed noncurrent liabilities15,85417,31618,10016,27716,60117,50616,611
Total noncurrent liabilities:22,40723,64922,43521,63921,40224,36523,191
Other undisclosed liabilities      460
Total liabilities:27,13929,01127,53126,03827,43029,63730,601
Temporary equity, carrying amount1,25787288887983778278
Stockholders' equity
Stockholders' equity attributable to parent2,7982,6342,9963,2082,465(2,756)3,149
Preferred stock825      
Common stock88888 8
Treasury stock, value(1,845)(1,858)(1,867)(1,878)(1,892) (1,837)
Additional paid in capital7,1197,5617,7768,1548,501 8,718
Accumulated other comprehensive loss(2,220)(2,397)(2,229)(2,071)(1,876)(2,756)(3,883)
Retained earnings (accumulated deficit)(1,089)(680)(692)(1,005)(2,276) 143
Stockholders' equity attributable to noncontrolling interest1,7692,0862,2332,3962,3802,9063,022
Other undisclosed stockholders' equity     5,550 
Total stockholders' equity:4,5674,7205,2295,6044,8455,7006,171
TOTAL LIABILITIES AND EQUITY:32,96334,60333,64832,52133,11236,11936,850

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues11,1419,66010,18910,73610,53013,58614,963
Revenue, net10,53013,58614,963
Cost of revenue
(Cost of Goods and Services Sold)
(8,430)(6,967)(7,840)(8,163)(8,066)(11,153)(12,097)
Gross profit:2,7112,6932,3492,5732,4642,4332,866
Operating expenses(1,849)(260)(196)(192)(215)(194)(196)
Other operating expense, net
(Other Expenses)
(60)(53)(80)(58)(57)(103)(65)
Operating income:8022,3802,0732,3232,1922,1362,605
Nonoperating income69819615991234505675
Investment income, nonoperating298268318310192493553
Foreign currency transaction gain (loss), before tax(10)55(67)(72)42(15)105
Other nonoperating income (expense)410(127)(92)(147) (2)17
Interest and debt expense(989)(1,224)(1,219)(1,244)(1,238)(1,444)(1,622)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1,575)(864)(12)848(417)(1,060)(536)
Income (loss) from continuing operations before equity method investments, income taxes:(1,064)4881,0012,0187711371,122
Income (loss) from equity method investments(24)(123)(172)397136105
Other undisclosed income (loss) from continuing operations before income taxes444(557)(1,106)(2,566)(1,363)140 
Income (loss) from continuing operations before income taxes:(644)(192)(277)(509)(521)3131,227
Income tax expense (benefit)133(216)(352)(708)(990)188(465)
Other undisclosed income (loss) from continuing operations(444)5571,1062,5661,363(140) 
Income (loss) from continuing operations:(955)1494771,349(148)361762
Income from discontinued operations1      
Income (loss) before gain (loss) on sale of properties:(954)1494771,349(148)361762
Other undisclosed net income (loss)331216 (1,138) 
Net income (loss):(951)1524781,565(148)(777)762
Net loss attributable to noncontrolling interest    (398)(353)(456)
Other undisclosed net income (loss) attributable to parent542(106)(175)(362)(615)  
Net income (loss) available to common stockholders, diluted:(409)463031,203(1,161)(1,130)306

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(951)1524781,565(148)(777)762
Other comprehensive income (loss)292(167)(227)(151)9191,036(933)
Other undisclosed comprehensive loss    (629)  
Comprehensive income (loss):(659)(15)2511,414142259(171)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4384(102)(425)(390)(262)(133)
Comprehensive income (loss), net of tax, attributable to parent:(221)(11)149989(248)(3)(304)

Statements sources

The financial statements are based on the company's filings with the 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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