Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of The AES.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.28B | $12.67B | $12.62B | $11.14B | $9.66B | $10.19B | $10.74B | $10.53B | $10.28B | $11.26B |
| Cost of Revenue | $9.96B | $10.16B | $10.07B | $8.43B | $6.97B | $7.84B | $8.16B | $8.04B | $7.90B | $8.60B |
| Gross Profit | $2.31B | $2.50B | $2.55B | $2.71B | $2.69B | $2.35B | $2.57B | $2.49B | $2.38B | $2.66B |
| Gross Profit Ratio | 18.85% | 19.80% | 20.19% | 24.30% | 27.88% | 23.05% | 23.98% | 23.62% | 23.18% | 23.65% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $288.00M | $255.00M | $207.00M | $166.00M | $165.00M | $196.00M | $192.00M | $215.00M | $194.00M | $196.00M |
| Selling and Marketing Expenses | $- | $12.00M | $-5.00M | $-21.00M | $- | $17.00M | $10.00M | $1.00M | $3.00M | $- |
| Selling General and Administrative Expenses | $288.00M | $267.00M | $202.00M | $145.00M | $165.00M | $213.00M | $202.00M | $216.00M | $197.00M | $196.00M |
| Other Expenses | $2.03B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $2.31B | $267.00M | $202.00M | $145.00M | $165.00M | $213.00M | $202.00M | $216.00M | $197.00M | $196.00M |
| Cost and Expenses | $12.28B | $10.42B | $10.27B | $8.57B | $7.13B | $8.05B | $8.36B | $8.26B | $8.10B | $8.79B |
| Interest Income | $381.00M | $551.00M | $389.00M | $298.00M | $268.00M | $318.00M | $310.00M | $244.00M | $245.00M | $256.00M |
| Interest Expense | $1.49B | $1.32B | $1.12B | $911.00M | $1.04B | $1.05B | $1.06B | $1.17B | $1.13B | $1.15B |
| Depreciation and Amortization | $1.26B | $1.13B | $1.05B | $1.06B | $1.07B | $1.04B | $1.00B | $1.05B | $1.05B | $1.14B |
| EBITDA | $3.64B | $2.53B | $3.40B | $903.00M | $3.60B | $3.18B | $3.38B | $3.32B | $3.23B | $3.61B |
| EBITDA Ratio | 29.67% | 20.00% | 26.94% | 32.51% | 37.23% | 31.22% | 31.44% | 31.50% | 31.46% | 32.07% |
| Operating Income | $705.00M | $2.25B | $2.35B | $2.57B | $2.53B | $2.14B | $2.37B | $2.27B | $2.19B | $2.47B |
| Operating Income Ratio | 5.74% | 17.75% | 18.59% | 23.03% | 26.17% | 20.96% | 22.09% | 21.57% | 21.26% | 21.91% |
| Total Other Income Expenses Net | $85.00M | $-2.15B | $-2.59B | $-3.63B | $-2.16B | $-1.31B | $-315.00M | $-1.43B | $-1.96B | $-1.37B |
| Income Before Tax | $790.00M | $104.00M | $-240.00M | $-1.09B | $365.00M | $829.00M | $2.06B | $842.00M | $223.00M | $1.09B |
| Income Before Tax Ratio | 6.43% | 0.82% | -1.90% | -9.77% | 3.78% | 8.14% | 19.16% | 8.00% | 2.17% | 9.72% |
| Income Tax Expense | $-59.00M | $261.00M | $265.00M | $133.00M | $216.00M | $352.00M | $708.00M | $990.00M | $32.00M | $412.00M |
| Net Income | $849.00M | $249.00M | $-546.00M | $-409.00M | $46.00M | $303.00M | $1.20B | $-1.16B | $-1.13B | $306.00M |
| Net Income Ratio | 6.91% | 1.97% | -4.33% | -3.67% | 0.48% | 2.97% | 11.21% | -11.03% | -10.99% | 2.72% |
| EPS | $1.19 | $0.37 | $-0.82 | $-0.62 | $0.06 | $0.45 | $1.48 | $-1.71 | $-1.78 | $0.46 |
| EPS Diluted | $1.19 | $0.35 | $-0.82 | $-0.61 | $0.06 | $0.45 | $1.81 | $-1.76 | $-1.71 | $0.46 |
| Weighted Average Shares Outstanding | 711.00M | 669.00M | 665.85M | 659.55M | 766.67M | 673.33M | 812.84M | 677.49M | 636.54M | 665.22M |
| Weighted Average Shares Outstanding Diluted | 713.00M | 712.00M | 668.00M | 666.00M | 668.00M | 667.00M | 665.00M | 660.00M | 660.00M | 689.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $265.00M | $1.43B | $1.37B | $943.00M | $1.09B | $1.03B | $1.17B | $949.00M | $1.30B | $1.26B |
| Short Term Investments | $79.00M | $395.00M | $730.00M | $232.00M | $335.00M | $400.00M | $313.00M | $424.00M | $798.00M | $484.00M |
| Cash and Short Term Investments | $265.00M | $1.82B | $2.10B | $1.18B | $1.42B | $1.43B | $1.48B | $1.37B | $2.10B | $1.75B |
| Net Receivables | $446.00M | $1.42B | $1.80B | $1.42B | $1.30B | $1.48B | $1.59B | $1.46B | $1.56B | $2.47B |
| Inventory | $- | $712.00M | $1.05B | $604.00M | $461.00M | $487.00M | $577.00M | $562.00M | $630.00M | $675.00M |
| Other Current Assets | $95.00M | $2.70B | $2.69B | $2.16B | $2.23B | $1.84B | $1.36B | $3.00B | $2.60B | $2.14B |
| Total Current Assets | $806.00M | $6.65B | $7.64B | $5.36B | $5.41B | $5.23B | $5.01B | $6.40B | $6.41B | $6.87B |
| Property Plant Equipment Net | $- | $29.96B | $23.04B | $19.91B | $22.83B | $22.57B | $21.40B | $20.30B | $22.85B | $22.82B |
| Goodwill | $345.00M | $348.00M | $362.00M | $1.18B | $1.06B | $1.06B | $1.06B | $1.06B | $1.16B | $1.16B |
| Intangible Assets | $1.95B | $2.24B | $1.84B | $1.45B | $827.00M | $469.00M | $436.00M | $366.00M | $359.00M | $214.00M |
| Goodwill and Intangible Assets | $2.29B | $2.59B | $2.20B | $2.63B | $1.89B | $1.53B | $1.50B | $1.43B | $1.52B | $1.37B |
| Long Term Investments | $1.12B | $941.00M | $952.00M | $1.08B | $835.00M | $966.00M | $1.11B | $1.20B | $621.00M | $610.00M |
| Tax Assets | $- | $396.00M | $319.00M | $409.00M | $288.00M | $156.00M | $97.00M | $130.00M | $781.00M | $543.00M |
| Other Non-Current Assets | $37.16B | $4.26B | $4.21B | $3.58B | $3.35B | $3.19B | $3.40B | $3.67B | $3.94B | $4.64B |
| Total Non-Current Assets | $40.58B | $38.15B | $30.72B | $27.61B | $29.19B | $28.42B | $27.51B | $26.71B | $29.71B | $29.98B |
| Other Assets | $-30.74B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $10.64B | $44.80B | $38.36B | $32.96B | $34.60B | $33.65B | $32.52B | $33.11B | $36.12B | $36.85B |
| Account Payables | $20.00M | $2.20B | $1.73B | $1.15B | $1.16B | $1.31B | $1.33B | $1.37B | $1.24B | $1.57B |
| Short Term Debt | $1.09B | $4.13B | $2.45B | $1.37B | $1.43B | $1.88B | $1.66B | $2.16B | $1.05B | $2.17B |
| Tax Payables | $249.00M | $278.00M | $249.00M | $266.00M | $257.00M | $253.00M | $250.00M | $129.00M | $149.00M | $264.00M |
| Deferred Revenue | $- | $- | $- | $85.00M | $438.00M | $1.48B | $1.40B | $1.46B | $- | $2.69B |
| Other Current Liabilities | $63.00M | $3.12B | $2.07B | $1.86B | $2.08B | $1.65B | $1.16B | $2.36B | $2.84B | $2.92B |
| Total Current Liabilities | $1.42B | $9.73B | $6.49B | $4.73B | $5.36B | $5.10B | $4.40B | $6.03B | $5.27B | $6.95B |
| Long Term Debt | $5.11B | $22.48B | $22.28B | $17.75B | $18.82B | $18.57B | $16.76B | $17.80B | $18.40B | $18.28B |
| Deferred Revenue Non-Current | $- | $- | $- | $2.00B | $1.73B | $888.00M | $879.00M | $1.07B | $2.18B | $1.47B |
| Deferred Tax Liabilities Non-Current | $- | $1.25B | $1.14B | $977.00M | $1.10B | $1.21B | $1.28B | $1.01B | $804.00M | $1.09B |
| Other Non-Current Liabilities | $- | $3.89B | $3.95B | $2.94B | $2.87B | $3.87B | $1.84B | $2.37B | $5.94B | $2.90B |
| Total Non-Current Liabilities | $5.11B | $27.62B | $27.37B | $23.66B | $24.52B | $23.32B | $22.52B | $22.24B | $25.15B | $23.73B |
| Other Liabilities | $-953.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $5.58B | $37.35B | $33.86B | $28.40B | $29.88B | $28.42B | $26.92B | $28.27B | $30.42B | $30.68B |
| Preferred Stock | $- | $838.00M | $838.00M | $825.00M | $872.00M | $888.00M | $879.00M | $837.00M | $782.00M | $538.00M |
| Common Stock | $9.00M | $8.00M | $8.00M | $8.00M | $8.00M | $8.00M | $8.00M | $8.00M | $8.00M | $8.00M |
| Retained Earnings | $293.00M | $-1.39B | $-1.64B | $-1.09B | $-680.00M | $-692.00M | $-1.00B | $-2.28B | $-1.15B | $143.00M |
| Accumulated Other Comprehensive Income Loss | $-766.00M | $-1.51B | $-1.64B | $-2.22B | $-2.40B | $-2.23B | $-2.07B | $-1.88B | $-2.76B | $-3.88B |
| Other Total Stockholders Equity | $4.11B | $4.54B | $4.87B | $5.27B | $5.70B | $5.91B | $6.28B | $6.61B | $6.69B | $6.88B |
| Total Stockholders Equity | $3.64B | $2.49B | $2.44B | $2.80B | $2.63B | $3.00B | $3.21B | $2.46B | $2.79B | $3.15B |
| Total Equity | $3.64B | $5.99B | $4.50B | $4.57B | $4.72B | $5.23B | $5.60B | $4.84B | $5.70B | $6.17B |
| Total Liabilities and Stockholders Equity | $9.22B | $44.80B | $38.36B | $32.96B | $34.60B | $33.65B | $32.52B | $33.11B | $36.12B | $36.85B |
| Minority Interest | $- | $3.50B | $2.07B | $1.77B | $2.09B | $2.23B | $2.40B | $2.38B | $2.91B | $3.02B |
| Total Liabilities and Total Equity | $9.22B | $44.80B | $38.36B | $32.96B | $34.60B | $33.65B | $32.52B | $33.11B | $36.12B | $36.85B |
| Total Investments | $1.20B | $1.34B | $1.68B | $1.31B | $1.17B | $1.37B | $1.43B | $1.62B | $1.42B | $1.09B |
| Total Debt | $6.20B | $26.88B | $23.50B | $18.70B | $19.88B | $20.17B | $19.30B | $19.96B | $20.46B | $20.81B |
| Net Debt | $5.94B | $25.45B | $22.12B | $17.76B | $18.79B | $19.14B | $18.13B | $19.02B | $19.16B | $19.55B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $698.00M | $-182.00M | $-505.00M | $-951.00M | $152.00M | $478.00M | $1.56B | $-777.00M | $-777.00M | $762.00M |
| Depreciation and Amortization | $1.26B | $1.13B | $1.05B | $1.06B | $1.07B | $1.04B | $1.00B | $1.17B | $1.18B | $1.14B |
| Deferred Income Tax | $- | $-54.00M | $4.00M | $-406.00M | $-233.00M | $-8.00M | $313.00M | $672.00M | $-793.00M | $-50.00M |
| Stock Based Compensation | $- | $- | $39.00M | $26.00M | $31.00M | $32.00M | $31.00M | $25.00M | $24.00M | $21.00M |
| Change in Working Capital | $- | $310.00M | $-289.00M | $-1.36B | $290.00M | $-39.00M | $-186.00M | $-66.00M | $552.00M | $-437.00M |
| Accounts Receivables | $-361.00M | $161.00M | $-532.00M | $-170.00M | $48.00M | $73.00M | $-206.00M | $-177.00M | $237.00M | $-378.00M |
| Inventory | $86.00M | $306.00M | $-417.00M | $-93.00M | $-20.00M | $28.00M | $-36.00M | $-28.00M | $42.00M | $-26.00M |
| Accounts Payables | $-40.00M | $-132.00M | $470.00M | $-251.00M | $-186.00M | $-6.00M | $62.00M | $163.00M | $-620.00M | $31.00M |
| Other Working Capital | $- | $-25.00M | $190.00M | $-848.00M | $448.00M | $-134.00M | $-6.00M | $-24.00M | $893.00M | $-64.00M |
| Other Non Cash Items | $790.00M | $1.83B | $2.41B | $-134.00M | $208.00M | $324.00M | $48.00M | $146.00M | $168.00M | $28.00M |
| Net Cash Provided by Operating Activities | $2.75B | $3.03B | $2.71B | $1.90B | $2.75B | $2.47B | $2.34B | $2.49B | $2.88B | $2.13B |
| Investments in Property Plant and Equipment | $-7.39B | $-7.72B | $-4.55B | $-2.12B | $-1.90B | $-2.40B | $-2.12B | $-2.18B | $-2.35B | $-2.31B |
| Acquisitions Net | $-246.00M | $-542.00M | $-474.00M | $-990.00M | $-299.00M | $-338.00M | $1.81B | $-606.00M | $576.00M | $121.00M |
| Purchases of Investments | $-818.00M | $-937.00M | $-1.49B | $-519.00M | $-653.00M | $-770.00M | $-1.41B | $-3.31B | $-5.15B | $-4.80B |
| Sales Maturities of Investments | $796.00M | $1.32B | $1.05B | $616.00M | $627.00M | $666.00M | $1.30B | $3.54B | $4.90B | $4.85B |
| Other Investing Activities | $-40.00M | $-303.00M | $-368.00M | $-42.00M | $-70.00M | $126.00M | $-84.00M | $-196.00M | $-92.00M | $-229.00M |
| Net Cash Used for Investing Activities | $-7.70B | $-8.19B | $-5.84B | $-3.05B | $-2.29B | $-2.72B | $-505.00M | $-2.75B | $-2.11B | $-2.37B |
| Debt Repayment | $4.79B | $4.11B | $4.16B | $51.00M | $514.00M | $838.00M | $-828.00M | $948.00M | $36.00M | $618.00M |
| Common Stock Issued | $- | $421.00M | $60.00M | $1.17B | $112.00M | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $-60.00M | $- | $-112.00M | $- | $- | $- | $-79.00M | $-482.00M |
| Dividends Paid | $-483.00M | $-444.00M | $-422.00M | $-401.00M | $-381.00M | $-362.00M | $-344.00M | $-317.00M | $-290.00M | $-276.00M |
| Other Financing Activities | $657.00M | $1.74B | $18.00M | $1.15B | $-211.00M | $-562.00M | $-471.00M | $-588.00M | $-414.00M | $168.00M |
| Net Cash Used Provided by Financing Activities | $4.96B | $5.41B | $3.76B | $797.00M | $-78.00M | $-86.00M | $-1.64B | $43.00M | $-747.00M | $28.00M |
| Effect of Forex Changes on Cash | $-63.00M | $-270.00M | $-56.00M | $-46.00M | $-24.00M | $-18.00M | $-54.00M | $3.00M | $9.00M | $-52.00M |
| Net Change in Cash | $97.00M | $-97.00M | $603.00M | $-343.00M | $255.00M | $-431.00M | $215.00M | $-295.00M | $48.00M | $-277.00M |
| Cash at End of Period | $2.04B | $1.99B | $2.09B | $1.48B | $1.83B | $1.57B | $2.00B | $949.00M | $1.30B | $1.26B |
| Cash at Beginning of Period | $1.99B | $2.09B | $1.48B | $1.83B | $1.57B | $2.00B | $1.79B | $1.24B | $1.26B | $1.54B |
| Operating Cash Flow | $2.75B | $3.03B | $2.71B | $1.90B | $2.75B | $2.47B | $2.34B | $2.49B | $2.88B | $2.13B |
| Capital Expenditure | $-7.39B | $-7.72B | $-4.55B | $-2.12B | $-1.90B | $-2.40B | $-2.12B | $-2.18B | $-2.35B | $-2.31B |
| Free Cash Flow | $-4.64B | $-4.69B | $-1.84B | $-214.00M | $855.00M | $61.00M | $222.00M | $312.00M | $539.00M | $-174.00M |