AES CORP
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Equity
| THE AES CORPORATION STOCKHOLDERS | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock · Common Stock · Treasury Stock · AdditionalPaid-InCapital · AccumulatedDeficit · AccumulatedOtherComprehensiveLoss · NoncontrollingInterests (1) | ||||||||||||||||||
| (in millions) · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||||
| Balance at December 31, 2020 | — | $— | 818.4 | $8 | 153.0 | $(1,858) | $7,561 | $(680) | $(2,397) | $2,086 | ||||||||
| Net loss | — | — | — | — | — | — | — | (409) | — | (536) | ||||||||
| Total foreign currency translation adjustment, net of income tax | — | — | — | — | — | — | — | — | (83) | (44) | ||||||||
| Total change in derivative fair value, net of income tax | — | — | — | — | — | — | — | — | 247 | 126 | ||||||||
| Total pension adjustments, net of income tax | — | — | — | — | — | — | — | — | 24 | 3 | ||||||||
| Total other comprehensive income | — | — | — | — | — | — | — | — | 188 | 85 | ||||||||
| Adjustments to redemption value of redeemable stock of subsidiaries (2) | — | — | — | — | — | — | (4) | — | — | — | ||||||||
| Disposition of business interests | — | — | — | — | — | — | — | — | — | (132) | ||||||||
| Distributions to noncontrolling interests | — | — | — | — | — | — | — | — | — | (281) | ||||||||
| Acquisitions of noncontrolling interests | — | — | — | — | — | — | (9) | — | (11) | (4) | ||||||||
| Contributions from noncontrolling interests | — | — | — | — | — | — | — | — | — | 220 | ||||||||
| Sales to noncontrolling interests | — | — | — | — | (7) | — | — | 180 | ||||||||||
| Issuance of preferred shares in subsidiaries | — | — | — | — | — | — | — | — | — | 151 | ||||||||
| Issuance of preferred stock (3) | 1.0 | 838 | — | — | — | — | (29) | — | — | — | ||||||||
| Dividends declared on common stock ($0.6095/share) | — | — | — | — | — | — | (406) | — | — | — | ||||||||
| Issuance and exercise of stock-based compensation benefit plans, net of income tax | — | — | 0.3 | — | (1.0) | 13 | — | — | — | — | ||||||||
| Balance at December 31, 2021 (3) | 1.0 | $838 | 818.7 | $8 | 152.0 | $(1,845) | $7,106 | $(1,089) | $(2,220) | $1,769 | ||||||||
| Net income (loss) | — | — | — | — | — | — | — | (546) | — | 128 | ||||||||
| Total foreign currency translation adjustment, net of income tax | — | — | — | — | — | — | — | — | (37) | 1 | ||||||||
| Total change in derivative fair value, net of income tax | — | — | — | — | — | — | — | — | 689 | 41 | ||||||||
| Total pension adjustments, net of income tax | — | — | — | — | — | — | — | — | 10 | 4 | ||||||||
| Total other comprehensive income | — | — | — | — | — | — | — | — | 662 | 46 | ||||||||
| Distributions to noncontrolling interests | — | — | — | — | — | — | — | — | — | (200) | ||||||||
| Acquisitions of noncontrolling interests | — | — | — | — | — | — | (78) | — | (80) | (387) | ||||||||
| Contributions from noncontrolling interests | — | — | — | — | — | — | — | — | — | 178 | ||||||||
| Sales to noncontrolling interests | — | — | — | — | — | — | 78 | — | (2) | 473 | ||||||||
| Issuance of preferred shares in subsidiaries | — | — | — | — | — | — | — | — | — | 60 | ||||||||
| Dividends declared on AES common stock ($0.6399/share) | — | — | — | — | — | — | (428) | — | — | — | ||||||||
| Issuance and exercise of stock-based compensation benefit plans, net of income tax | — | — | 0.1 | — | (2.0) | 23 | 10 | — | — | — | ||||||||
| Balance at December 31, 2022 | 1.0 | $838 | 818.8 | $8 | 150.0 | $(1,822) | $6,688 | $(1,635) | $(1,640) | $2,067 | ||||||||
| Net income (loss) | — | — | — | — | — | — | — | 249 | — | (372) | ||||||||
| Total foreign currency translation adjustment, net of income tax | — | — | — | — | — | — | — | — | 136 | 9 | ||||||||
| Total change in derivative fair value, net of income tax | — | — | — | — | — | — | — | — | 3 | (77) | ||||||||
| Total pension adjustments, net of income tax | — | — | — | — | — | — | — | — | (3) | — | ||||||||
| Total other comprehensive income (loss) | — | — | — | — | — | — | — | — | 136 | (68) | ||||||||
| Distributions to noncontrolling interests | — | — | — | — | — | — | — | — | — | (261) | ||||||||
| Acquisitions of noncontrolling interests | — | — | — | — | — | — | 24 | — | — | (44) | ||||||||
| Sales to noncontrolling interests | — | — | — | — | — | — | 85 | — | (10) | 1,754 | ||||||||
| Issuance of preferred shares in subsidiaries | — | — | — | — | — | — | — | — | — | 421 | ||||||||
| Dividends declared on AES common stock ($0.6702/share) | — | — | — | — | — | — | (449) | — | — | — | ||||||||
| Issuance and exercise of stock-based compensation benefit plans, net of income tax | — | — | 0.3 | — | (0.6) | 9 | 7 | — | — | — | ||||||||
| Balance at December 31, 2023 | 1.0 | $838 | 819.1 | $8 | 149.4 | $(1,813) | $6,355 | $(1,386) | $(1,514) | $3,497 | ||||||||
(1) Excludes redeemable stock of subsidiaries. See Note 16—Redeemable Stock of Subsidiaries.
(2) Adjustment to record the redeemable stock of Colon at redemption value.
(3) Includes a $13 million reclass from Additional paid-in capital to Preferred stock to reflect the retrospective adoption of ASU 2020-06.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.