AES CORP

For the period ended Mar 31, 2024. Filed May 2, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 2, 2024

AES$14.92+0.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

4 | The AES Corporation

Condensed Consolidated Statements of Operations

	Three Months Ended March 31,
	2024	2023
(in millions, except share and per share amounts)
Revenue:
Non-Regulated	$2,232	$2,287
Regulated	853	952
Total revenue	3,085	3,239
Cost of Sales:
Non-Regulated	(1,733)	(1,797)
Regulated	(733)	(848)
Total cost of sales	(2,466)	(2,645)
Operating margin	619	594
General and administrative expenses	(75)	(55)
Interest expense	(357)	(330)
Interest income	105	123
Loss on extinguishment of debt	(1)	(1)
Other expense	(38)	(14)
Other income	35	10
Gain on disposal and sale of business interests	43	—
Asset impairment expense	(46)	(20)
Foreign currency transaction losses	(8)	(42)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES	277	265
Income tax benefit (expense)	16	(72)
Net equity in losses of affiliates	(15)	(4)
NET INCOME	278	189
Less: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries	154	(38)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION	$432	$151
BASIC EARNINGS PER SHARE:
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS	$0.62	$0.22
DILUTED EARNINGS PER SHARE:
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS	$0.60	$0.21
DILUTED SHARES OUTSTANDING	712	712

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