The AES Corporation (AES) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4241,4291,4791,3732,1031,7462,248
Cash and cash equivalents1,0891,0291,1669491,3051,2621,539
Short-term investments335400313424798484709
Restricted cash and investments297336370274278295283
Receivables1,3001,4791,5951,4632,1662,4732,926
Inventory, net of allowances, customer advances and progress billings461487577562630675702
Inventory461487577562630675702
Prepaid expense102801306283108175
Derivative instruments and hedges, assets      77
Regulatory current assets      637
Disposal group, including discontinued operation1,104618572,034 96 
Other current assets7268028076301,1511,4731,434
Other undisclosed current assets      (656)
Total current assets:5,4145,2315,0156,3986,4116,8667,826
Noncurrent Assets
Property, plant and equipment22,82622,57421,39620,29622,84722,81625,151
Long-term investments and receivables8352,3172,5371,197621610537
Long-term investments8359661,1141,197621610537
Accounts and financing receivable, after allowance for credit loss 1,3511,423    
Intangible assets, net (including goodwill)1,8881,5281,4951,4251,5161,3711,739
Goodwill1,0611,0591,0591,0591,1571,1571,458
Intangible assets, net (excluding goodwill)827469436366359214281
Derivative instruments and hedges   264277289203
Regulated entity, other noncurrent assets   542741918872
Disposal group, including discontinued operation, noncurrent assets1,251      
Other noncurrent assets1,6601,6351,5141,7411,9052,5362,640
Other undisclosed noncurrent assets7293635641,2491,8011,444(2)
Total noncurrent assets:29,18928,41727,50626,71429,70829,98431,140
TOTAL ASSETS:34,60333,64832,52133,11236,11936,85038,966
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,1112,9582,9422,9604,1184,6725,163
Accounts payable1,1561,3111,3291,3711,6561,7212,278
Accrued liabilities1,2231,0219621,2322,0662,4362,326
Taxes payable541425460129149264299
Interest and dividends payable191201191228247251260
Debt419     
Derivative instruments and hedges, liabilities  51211155144148
Regulatory liability48818617538465605
Disposal group, including discontinued operation66744281,033 13 
Other undisclosed current liabilities1,5321,5961,3121,8074611,6561,081
Total current liabilities:5,3625,0964,3996,0285,2726,9506,997
Noncurrent Liabilities
Long-term debt and lease obligation77328     
Finance lease, liability7767
Operating lease, liability 261
Liabilities, other than long-term debt6,2564,0075,3624,8016,8596,5807,718
Accounts payable and accrued liabilities  71722352
Deferred tax liabilities, net1,2801,0068041,0901,277
Deferred income tax liabilities1,100 
Liability, pension and other postretirement and postemployment benefits   2301,3969271,342
Regulatory liability1,0581,0901,1461,0791,3631,2861,509
Disposal group, including discontinued operation, liabilities857      
Other liabilities3,2412,9172,7232,3653,0052,8963,222
Derivative instruments and hedges, liabilities  206104269346366
Other undisclosed noncurrent liabilities17,31618,10016,27716,60117,50616,61116,848
Total noncurrent liabilities:23,64922,43521,63921,40224,36523,19124,566
Other undisclosed liabilities     460 
Total liabilities:29,01127,53126,03827,43029,63730,60131,563
Temporary equity, carrying amount8728888798377827878
Stockholders' equity
Stockholders' equity attributable to parent2,6342,9963,2082,465(2,756)3,1494,272
Common stock8888 88
Treasury stock, value(1,858)(1,867)(1,878)(1,892) (1,837)(1,371)
Additional paid in capital7,5617,7768,1548,501 8,7188,409
Accumulated other comprehensive loss(2,397)(2,229)(2,071)(1,876)(2,756)(3,883)(3,286)
Retained earnings (accumulated deficit)(680)(692)(1,005)(2,276) 143512
Stockholders' equity attributable to noncontrolling interest2,0862,2332,3962,3802,9063,0223,053
Other undisclosed stockholders' equity    5,550  
Total stockholders' equity:4,7205,2295,6044,8455,7006,1717,325
TOTAL LIABILITIES AND EQUITY:34,60333,64832,52133,11236,11936,85038,966

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9,66010,18910,73610,53013,58614,96317,146
Revenue, net10,53013,58614,96317,146
Cost of revenue
(Cost of Goods and Services Sold)
(6,967)(7,840)(8,163)(8,066)(11,153)(12,097)(14,058)
Gross profit:2,6932,3492,5732,4642,4332,8663,088
Operating expenses(260)(196)(192)(215)(194)(196)(1,817)
Other operating expense, net
(Other Expenses)
(53)(80)(58)(57)(103)(65)(68)
Operating income:2,3802,0732,3232,1922,1362,6051,203
Nonoperating income19615991234505675606
Investment income, nonoperating268318310192493553723
Foreign currency transaction gain (loss), before tax55(67)(72)42(15)10511
Other nonoperating income (expense)(127)(92)(147) (2)17(128)
Interest and debt expense(1,224)(1,219)(1,244)(1,238)(1,444)(1,622)(1,732)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(864)(12)848(417)(1,060)(536)1,499
Income from continuing operations before equity method investments, income taxes:4881,0012,0187711371,1221,576
Income (loss) from equity method investments(123)(172)39713610519
Other undisclosed income (loss) from continuing operations before income taxes(557)(1,106)(2,566)(1,363)140  
Income (loss) from continuing operations before income taxes:(192)(277)(509)(521)3131,2271,595
Income tax expense (benefit)(216)(352)(708)(990)188(465)(419)
Other undisclosed income (loss) from continuing operations5571,1062,5661,363(140)  
Income (loss) from continuing operations:1494771,349(148)3617621,176
Loss from discontinued operations      (27)
Income (loss) before gain (loss) on sale of properties:1494771,349(148)3617621,149
Other undisclosed net income (loss)31216 (1,138) (2)
Net income (loss):1524781,565(148)(777)7621,147
Net loss attributable to noncontrolling interest   (398)(353)(456)(378)
Other undisclosed net loss attributable to parent(106)(175)(362)(615)   
Net income (loss) available to common stockholders, diluted:463031,203(1,161)(1,130)306769

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1524781,565(148)(777)7621,147
Other comprehensive income (loss)(167)(227)(151)9191,036(933)(773)
Other undisclosed comprehensive loss   (629)   
Comprehensive income (loss):(15)2511,414142259(171)374
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4(102)(425)(390)(262)(133)(49)
Comprehensive income (loss), net of tax, attributable to parent:(11)149989(248)(3)(304)325

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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