The AES Corporation (AES) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4791,4791,3732,1031,7462,2482,310
Cash and cash equivalents1,1451,1669491,3051,2621,5391,642
Short-term investments334313424798484709668
Restricted cash and investments455370274278295283 
Receivables1,5031,5951,4632,1662,4732,9262,363
Inventory, net of allowances, customer advances and progress billings495577562630675702684
Inventory495577562630675702684
Prepaid expense721306283108175179
Derivative instruments and hedges, assets     77 
Regulatory current assets     637282
Disposal group, including discontinued operation610572,034 96 464
Income taxes receivable206
Other current assets8568076301,1511,4731,434976
Other undisclosed current assets     (656)275
Total current assets:5,4705,0156,3986,4116,8667,8267,739
Noncurrent Assets
Finance lease, right-of-use asset8
Operating lease, right-of-use asset300
Property, plant and equipment21,85321,39620,29622,84722,81625,15125,112
Long-term investments and receivables2,5792,5371,1976216105371,010
Long-term investments1,2091,1141,1976216105371,010
Accounts and financing receivable, after allowance for credit loss1,3701,423     
Intangible assets, net (including goodwill)1,5211,4951,4251,5161,3711,7391,919
Goodwill1,0591,0591,0591,1571,1571,4581,622
Intangible assets, net (excluding goodwill)462436366359214281297
Derivative instruments and hedges  264277289203 
Regulated entity, other noncurrent assets  542741918872636
Other noncurrent assets1,6241,5141,7411,9052,5362,6402,170
Assets of disposal group, including discontinued operation1,254
Other undisclosed noncurrent assets685641,2491,8011,444(2)571
Total noncurrent assets:27,95327,50626,71429,70829,98431,14032,672
TOTAL ASSETS:33,42332,52133,11236,11936,85038,96640,411
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6542,9422,9604,1184,6725,1634,695
Accounts payable1,2371,3291,3711,6561,7212,2782,259
Accrued liabilities9519621,2322,0662,4362,3262,114
Taxes payable230460129149264299322
Interest and dividends payable236191228247251260 
Debt18      
Derivative instruments and hedges, liabilities 51211155144148 
Regulatory liability 8617538465605461
Disposal group, including discontinued operation45581,033 13 837
Other undisclosed current liabilities1,8641,3121,8074611,6561,0811,660
Total current liabilities:4,9914,3996,0285,2726,9506,9977,653
Noncurrent Liabilities
Long-term debt and lease obligation320      
Finance lease, liability8
Operating lease, liability312
Liabilities, other than long-term debt3,0835,3624,8016,8596,5807,7187,754
Pension and other postretirement defined benefit plans, liabilities1,310
Accounts payable and accrued liabilities 71722352 
Accrued income taxes2
Deferred tax liabilities, net1,2801,0068041,0901,2771,119
Liability, pension and other postretirement and postemployment benefits  2301,3969271,342
Regulatory liability 1,1461,0791,3631,2861,5091,592
Disposal group, including discontinued operation, liabilities      432
Other liabilities3,0832,7232,3653,0052,8963,2223,299
Derivative instruments and hedges, liabilities 206104269346366 
Other undisclosed noncurrent liabilities18,75716,27716,60117,50616,61116,84817,275
Total noncurrent liabilities:22,16021,63921,40224,36523,19124,56625,029
Other undisclosed liabilities    460  
Total liabilities:27,15126,03827,43029,63730,60131,56332,682
Temporary equity, carrying amount886879837782787878
Stockholders' equity
Stockholders' equity attributable to parent3,1403,2082,465(2,756)3,1494,2724,330
Common stock888 888
Treasury stock, value(1,867)(1,878)(1,892) (1,837)(1,371)(1,089)
Additional paid in capital7,9488,1548,501 8,7188,4098,443
Accumulated other comprehensive loss(2,335)(2,071)(1,876)(2,756)(3,883)(3,286)(2,882)
Retained earnings (accumulated deficit)(614)(1,005)(2,276) 143512(150)
Stockholders' equity attributable to noncontrolling interest2,2462,3962,3802,9063,0223,0533,321
Other undisclosed stockholders' equity   5,550   
Total stockholders' equity:5,3865,6044,8455,7006,1717,3257,651
TOTAL LIABILITIES AND EQUITY:33,42332,52133,11236,11936,85038,96640,411

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues10,38010,73610,53013,58614,96317,14615,891
Revenue, net10,53013,58614,96317,14615,891
Cost of revenue
(Cost of Goods and Services Sold)
(7,945)(8,163)(8,066)(11,153)(12,097)(14,058)(12,644)
Gross profit:2,4352,5732,4642,4332,8663,0883,247
Operating expenses(181)(192)(215)(194)(196)(1,817)(2,216)
Other operating income (expense), net
(Other Expenses)
(51)(58)(57)(103)(65)(68)76
Operating income:2,2032,3232,1922,1362,6051,2031,107
Nonoperating income7791234505675606150
Investment income, nonoperating242310192493553723301
Foreign currency transaction gain (loss), before tax(69)(72)42(15)10511(22)
Other nonoperating income (expense) (147) (2)17(128)(129)
Interest and debt expense(1,172)(1,244)(1,238)(1,444)(1,622)(1,732)(1,711)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes134848(417)(1,060)(536)1,4991,502
Income from continuing operations before equity method investments, income taxes:1,2422,0187711371,1221,5761,048
Income from equity method investments113971361051925
Other undisclosed income (loss) from continuing operations before income taxes(2,475)(2,566)(1,363)140   
Income (loss) from continuing operations before income taxes:(1,222)(509)(521)3131,2271,5951,073
Income tax expense (benefit)(501)(708)(990)188(465)(419)(343)
Other undisclosed income (loss) from continuing operations2,4752,5661,363(140)   
Income (loss) from continuing operations:7521,349(148)3617621,176730
Loss from discontinued operations(241)    (27) 
Income (loss) before gain (loss) on sale of properties:5111,349(148)3617621,149730
Other undisclosed net income (loss)268216 (1,138) (2)(179)
Net income (loss):7791,565(148)(777)7621,147551
Net income (loss) attributable to noncontrolling interest79 (398)(353)(456)(378)(437)
Other undisclosed net loss attributable to parent(349)(362)(615)    
Net income (loss) available to common stockholders, diluted:5091,203(1,161)(1,130)306769114

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):7791,565(148)(777)7621,147551
Other comprehensive income (loss)(449)(151)9191,036(933)(773)344
Other undisclosed comprehensive loss  (629)    
Comprehensive income (loss):3301,414142259(171)374895
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(132)(425)(390)(262)(133)(49)743
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1,486)
Comprehensive income (loss), net of tax, attributable to parent:198989(248)(3)(304)325152

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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