Company research
AES CORP
CIK 874761Updated Sep 27, 2026
SecurityAES · NYSE · equity
Name history
AES CORPORATION · through Jan 11, 2005
AES price & chart
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NYSE:AES on TradingView ↗About the company
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we’re improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today.
In the news
DPL LLC Announces Extension of Expiration Time for Previously Announced Consent Solicitation ↗
Shareholder Investigation Launched by Kaskela Law Firm into Fairness of The AES Corporation (NYSE: AES) Buyout Price; AES Investors Encouraged to Contact the Firm ↗
Johnson Fistel Investigates Potential Board Fiduciary Duty Breaches in The AES Corporation Merger Transaction ↗
Recent filings
Other Events
Items 8.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Other Events
Items 8.01
11-K/A filing
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Show 5 more recent filings
10-Q filing
Changes in Registrant's Certifying Accountant
Items 4.01, 9.01
Submission of Matters to a Vote of Security Holders · Regulation FD Disclosure · Other Events
Items 5.07, 7.01, 8.01, 9.01
11-K filing
11-K filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 51,768,000,000Source | 47,915,000,000Source | 44,799,000,000Source | 38,363,000,000Source |
| Property, Plant and Equipment, NetUSD | 37,818,000,000Source | 30,732,000,000Source | 29,958,000,000Source | 23,039,000,000Source |
| GoodwillUSD | 342,000,000Source | 348,000,000Source | 348,000,000Source | 362,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 2,040,000,000Source | 1,879,000,000Source | 2,243,000,000Source | 1,841,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,382,000,000Source | 1,773,000,000Source | 1,426,000,000Source | 1,374,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,683,000,000Source | 1,507,000,000Source | 1,420,000,000Source | 1,799,000,000Source |
| Inventory, NetUSD | 612,000,000Source | 661,000,000Source | 712,000,000Source | 1,055,000,000Source |
| Assets, CurrentUSD | 6,502,000,000Source | 9,732,000,000Source | 6,649,000,000Source | 7,643,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 369,000,000Source | — | 380,000,000Source | 356,000,000Source |
| Other Assets, NoncurrentUSD | 2,821,000,000Source | 2,845,000,000Source | 3,259,000,000Source | 2,979,000,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | — | 838,000,000Source | 838,000,000Source |
| Common Stock, Value, IssuedUSD | 9,000,000Source | 9,000,000Source | 8,000,000Source | 8,000,000Source |
| Additional Paid in CapitalUSD | 5,904,000,000Source | 7,067,000,000Source | 6,355,000,000Source | 6,688,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 641,000,000Source | -678,000,000Source | -1,386,000,000Source | -1,635,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -698,000,000Source | -1,416,000,000Source | -1,514,000,000Source | -1,640,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 4,063,000,000Source | 3,175,000,000Source | 2,488,000,000Source | 2,437,000,000Source |
| Liabilities and EquityUSD | 51,768,000,000Source | 47,915,000,000Source | 44,799,000,000Source | 38,363,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 8,492,000,000Source | 9,823,000,000Source | 9,731,000,000Source | 6,491,000,000Source |
| Operating Lease, Liability, CurrentUSD | 36,000,000Source | — | 37,000,000Source | 26,000,000Source |
| Accounts Payable, CurrentUSD | 1,980,000,000Source | 1,869,000,000Source | 2,199,000,000Source | 1,730,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 394,000,000Source | — | 387,000,000Source | 374,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 1,581,000,000Source | 1,588,000,000Source | 1,245,000,000Source | 1,139,000,000Source |
| Other Liabilities, NoncurrentUSD | 2,980,000,000Source | 2,452,000,000Source | 3,114,000,000Source | 3,168,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 5,042,000,000Source | 4,031,000,000Source | 3,497,000,000Source | 2,067,000,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 2,223,000,000Source | 1,043,000,000Source | 1,334,000,000Source | 2,151,000,000Source |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after TaxUSD | -16,000,000Source | — | -26,000,000Source | -23,000,000Source |
| Deferred Tax Liabilities, NetUSD | 1,184,000,000Source | — | 849,000,000Source | 820,000,000Source |
| Dividends PayableUSD | 125,000,000Source | — | 116,000,000Source | 111,000,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 2,824,000,000Source | 901,000,000Source | 1,464,000,000Source | 1,321,000,000Source |
| Short-term InvestmentsUSD | 174,000,000Source | 61,000,000Source | 395,000,000Source | 730,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 162,000,000Source | 802,000,000Source | -182,000,000Source | -505,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortizationUSD | — | — | — | 1,053,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -130,000,000Source | 361,000,000Source | -161,000,000Source | 532,000,000Source |
| Increase (Decrease) in InventoriesUSD | -6,000,000Source | -86,000,000Source | -306,000,000Source | 417,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | 92,000,000Source | 111,000,000Source | -54,000,000Source | 4,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 4,306,000,000Source | 2,752,000,000Source | 3,034,000,000Source | 2,715,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -6,210,000,000Source | -7,700,000,000Source | -8,188,000,000Source | -5,836,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -139,000,000Source | 160,000,000Source | 116,000,000Source | 29,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 5,929,000,000Source | 7,392,000,000Source | 7,724,000,000Source | 4,551,000,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,975,000,000Source | 4,963,000,000Source | 5,405,000,000Source | 3,758,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 501,000,000Source | 483,000,000Source | 444,000,000Source | 422,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -59,000,000Source | -109,000,000Source | -121,000,000Source | 3,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 123,000,000Source | 49,000,000Source | -97,000,000Source | 603,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,162,000,000Source | 2,039,000,000Source | 1,990,000,000Source | 2,087,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,210,000,000Source | 1,268,000,000Source | 1,317,000,000Source | 928,000,000Source |
| Income Taxes Paid, NetUSD | 227,000,000Source | 345,000,000Source | 301,000,000Source | 271,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -27,000,000Source | -63,000,000Source | -270,000,000Source | -56,000,000Source |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | 5,000,000Source | 5,000,000Source | 5,000,000Source | 5,000,000Source |
| Accretion Expense, Including Asset Retirement ObligationsUSD | — | 22,000,000Source | — | — |
| Share-based Payment Arrangement, ExpenseUSD | 14,000,000Source | 12,000,000Source | 2,000,000Source | 23,000,000Source |
| Amortization of Intangible AssetsUSD | 94,000,000Source | 88,000,000Source | 82,000,000Source | 71,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 43,000,000Source | 41,000,000Source | 31,000,000Source | 30,000,000Source |
| Deconsolidation, Gain (Loss), AmountUSD | — | — | 2,074,000,000Source | 2,074,000,000Source |
| DepreciationUSD | 1,330,000,000Source | 1,146,000,000Source | 1,045,000,000Source | 982,000,000Source |
| Depreciation, Amortization and Accretion, NetUSD | -1,457,000,000Source | -1,264,000,000Source | — | — |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | -39,000,000Source | -7,000,000Source | 7,000,000Source | 0Source |
| Dividends PayableUSD | 125,000,000Source | 125,000,000Source | 116,000,000Source | 111,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -79,000,000Source | 31,000,000Source | -359,000,000Source | -77,000,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -26,000,000Source | -16,000,000Source | — | 42,000,000Source |
| Gain (Loss) on Disposition of BusinessUSD | 58,000,000Source | 351,000,000Source | 134,000,000Source | -9,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -26,000,000Source | -17,000,000Source | -63,000,000Source | -15,000,000Source |
| General and Administrative ExpenseUSD | 241,000,000Source | 288,000,000Source | 255,000,000Source | 207,000,000Source |
| GoodwillUSD | 342,000,000Source | 345,000,000Source | 348,000,000Source | 362,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 12,000,000Source | 777,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 949,000,000Source | 1,686,000,000Source | 242,000,000Source | -546,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 201,000,000Source | 809,000,000Source | -189,000,000Source | -505,000,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | -7,000,000Source | 7,000,000Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | -55,000,000Source | -26,000,000Source | -32,000,000Source | -71,000,000Source |
| Income (Loss) from Equity Method Investments, Net of Dividends or DistributionsUSD | — | — | — | -111,000,000Source |
| Income Tax Expense (Benefit)USD | -181,000,000Source | 59,000,000Source | 261,000,000Source | 265,000,000Source |
| Inventory Write-downUSD | — | 6,000,000Source | 6,000,000Source | — |
| Investment Income, InterestUSD | 287,000,000Source | 381,000,000Source | 551,000,000Source | 389,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 910,000,000Source | 1,679,000,000Source | 249,000,000Source | -546,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -748,000,000Source | -877,000,000Source | 431,000,000Source | -41,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 900,000,000Source | — | — | — |
| Operating Lease, Lease IncomeUSD | 325,000,000Source | 414,000,000Source | 490,000,000Source | 527,000,000Source |
| Payments of Financing CostsUSD | 134,000,000Source | 138,000,000Source | 142,000,000Source | 120,000,000Source |
| Proceeds from Noncontrolling InterestsUSD | 437,000,000Source | 222,000,000Source | 102,000,000Source | 233,000,000Source |
| Sales-type Lease, Selling Profit (Loss)USD | -231,000,000Source | — | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | 128,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 12,233,000,000Source | 12,278,000,000Source | 12,668,000,000Source | 12,617,000,000Source |
| Cost of RevenueUSD | 10,022,000,000Source | 9,964,000,000Source | 10,164,000,000Source | 10,069,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | 96,000,000Source |
| Income Tax Expense (Benefit)USD | -181,000,000Source | 59,000,000Source | 261,000,000Source | 265,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -748,000,000Source | -877,000,000Source | 431,000,000Source | -41,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 910,000,000Source | 1,679,000,000Source | 249,000,000Source | -546,000,000Source |
| Earnings Per Share, BasicUSD per share | 1.26Source | 2.38Source | 0.37Source | -0.82Source |
| Earnings Per Share, DilutedUSD per share | 1.26Source | 2.36Source | 0.35Source | -0.82Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 712,000,000Source | 706,000,000Source | 669,000,000Source | 668,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 714,000,000Source | 713,000,000Source | 712,000,000Source | 668,000,000Source |
| Additional Financial Items | ||||
| Accretion Expense, Including Asset Retirement ObligationsUSD | — | 22,000,000Source | — | — |
| Amortization of Intangible AssetsUSD | 94,000,000Source | 88,000,000Source | 82,000,000Source | 71,000,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.7Source | 0.69Source | 0.67Source | 0.64Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,457,000,000Source | 1,264,000,000Source | 1,128,000,000Source | 1,053,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -79,000,000Source | 31,000,000Source | -359,000,000Source | -77,000,000Source |
| General and Administrative ExpenseUSD | 241,000,000Source | 288,000,000Source | 255,000,000Source | 207,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 12,000,000Source | 777,000,000Source |
| Gross ProfitUSD | 2,211,000,000Source | 2,314,000,000Source | 2,504,000,000Source | 2,548,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 949,000,000Source | 1,686,000,000Source | 242,000,000Source | -546,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -893,000,000Source | -264,000,000Source | -238,000,000Source | 22,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 201,000,000Source | 809,000,000Source | -189,000,000Source | -505,000,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 1.31Source | 2.39Source | 0.36Source | -0.82Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 1.31Source | 2.37Source | 0.34Source | -0.82Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | -7,000,000Source | 7,000,000Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | -55,000,000Source | -26,000,000Source | -32,000,000Source | -71,000,000Source |
| Interest ExpenseUSD | 1,407,000,000Source | 1,485,000,000Source | 1,319,000,000Source | 1,117,000,000Source |
| Investment Income, InterestUSD | 287,000,000Source | 381,000,000Source | 551,000,000Source | 389,000,000Source |
| Lease IncomeUSD | 415,000,000Source | 475,000,000Source | 425,000,000Source | 478,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 900,000,000Source | — | — | — |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | 939,000,000Source | — | — | — |
| Operating Lease, Lease IncomeUSD | 325,000,000Source | 414,000,000Source | 490,000,000Source | 527,000,000Source |
| Other ExpensesUSD | 458,000,000Source | 175,000,000Source | 99,000,000Source | 68,000,000Source |
| Sales-type Lease, Selling Profit (Loss)USD | -231,000,000Source | — | — | — |
Filing attachments
ef20076870_ex99-1.htm · 8-K · 2026-06-26
EX-99.1 2 ef20076870_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Press Release Investor Contact: Max Trask 571-217-3249, max.trask@aes.com Media Contact: Amy Ackerman 703-682-6399, amy.ackerman@aes.com AES Stockholders Approve Acquisition by Global Infrastructure Partners and EQT-Led Consortium ARLINGTON, Va., June 26, 2026 - The AES Corporation (the “Company” or “AES”) (NYSE: AES) today announced that its stockholders voted to approve the Company’s previously announced acquisition by Global I…
Read attachment ↗d121124dex41.htm · 8-K · 2026-06-16
EX-4.1 3 d121124dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 THE AES CORPORATION as Issuer AND DEUTSCHE BANK TRUST COMPANY AMERICAS as Trustee THIRTY-SECOND SUPPLEMENTAL INDENTURE Dated as of June 16, 2026 TO SENIOR INDENTURE Dated as of December 8, 1998 5.200% Senior Notes due 2029 5.750% Senior Notes due 2033 The THIRTY-SECOND SUPPLEMENTAL INDENTURE, is dated as of this 16th day of June, 2026 (the “Thirty-Second Supplemental Indenture”), between THE AES CORPORATION, a corporation duly…
Read attachment ↗d100078dex991.htm · 8-K · 2026-03-02
EX-99.1 3 d100078dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Press Release Investor Contact: Susan Harcourt 703-682-1204, susan.harcourt@aes.com Media Contact: Amy Ackerman 703-682-6399, amy.ackerman@aes.com Consortium Led by Global Infrastructure Partners and EQT Agrees to Acquire AES Transaction Positions AES to Accelerate Growth as a Leading Clean Energy Platform Across the Americas AES stockholders to receive $15.00 per share in cash Transaction represents a 40.3% premium to the …
Read attachment ↗d100078dex992.htm · 8-K · 2026-03-02
EX-99.2 4 d100078dex992.htm EX-99.2 EX-99.2 The AES Corporation Transaction Overview & Considerations March 2, 2026 Exhibit 99.2 Transaction Summary Terms $15.00 per share price represents an enterprise value of approximately $33.4 billion1, including the assumption of debt Transaction represents 40.3% premium to AES’ 30-day volume weighted average share price prior to July 8, 20252 Dividends payable to AES stockholders are expected to continue in the ordinary course until the closing, sub…
Read attachment ↗d905393dex41.htm · 8-K · 2025-03-20
EX-4.1 2 d905393dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 THE AES CORPORATION as Issuer AND DEUTSCHE BANK TRUST COMPANY AMERICAS as Trustee TWENTY-NINTH SUPPLEMENTAL INDENTURE Dated as of March 20, 2025 TO SENIOR INDENTURE Dated as of December 8, 1998 5.800% Senior Notes due 2032 The TWENTY-NINTH SUPPLEMENTAL INDENTURE, is dated as of this 20th day of March, 2025 (the “Twenty-Ninth Supplemental Indenture”), between THE AES CORPORATION, a corporation duly organized and existing under t…
Read attachment ↗d905393dex991.htm · 8-K · 2025-03-20
EX-99.1 4 d905393dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Press Release Investor Contact: Susan Harcourt, 703-682-1204, susan.harcourt@aes.com Media Contact: Amy Ackerman, 703-682-6399, amy.ackerman@aes.com AES Announces Pricing Terms of Cash Tender Offer for Any and All of Its 3.300% Senior Notes due 2025 ARLINGTON, Va., March 18, 2025 - The AES Corporation (NYSE: AES) (“AES” or the “Company”) announced the pricing terms of the previously announced tender offer to purchase (the “Tender…
Read attachment ↗