AES CORP
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 11, 2025
AES$14.90+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| (in millions, except share and per share data) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $1,524 | $1,426 |
| Restricted cash | 437 | 370 |
| Short-term investments | 79 | 395 |
| Accounts receivable, net of allowance of $52 and $15, respectively | 1,646 | 1,420 |
| Inventory | 593 | 712 |
| Prepaid expenses | 157 | 177 |
| Other current assets, net of allowance of $0 and $14, respectively | 1,533 | 1,387 |
| Current held-for-sale assets | 862 | 762 |
| Total current assets | 6,831 | 6,649 |
| NONCURRENT ASSETS | ||
| Property, plant and equipment, net of accumulated depreciation of $8,701 and $8,602, respectively | 33,166 | 29,958 |
| Investments in and advances to affiliates | 1,124 | 941 |
| Debt service reserves and other deposits | 78 | 194 |
| Goodwill | 345 | 348 |
| Other intangible assets, net of accumulated amortization of $426 and $498, respectively | 1,947 | 2,243 |
| Deferred income taxes | 365 | 396 |
| Other noncurrent assets, net of allowance of $20 and $9, respectively | 2,917 | 3,259 |
| Noncurrent held-for-sale assets | 633 | 811 |
| Total noncurrent assets | 40,575 | 38,150 |
| TOTAL ASSETS | $47,406 | $44,799 |
| LIABILITIES, REDEEMABLE STOCK OF SUBSIDIARIES, AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $1,654 | $2,199 |
| Accrued interest | 256 | 315 |
| Accrued non-income taxes | 249 | 278 |
| Supplier financing arrangements | 917 | 974 |
| Accrued and other liabilities | 1,246 | 1,334 |
| Recourse debt | 899 | 200 |
| Non-recourse debt | 2,688 | 3,932 |
| Current held-for-sale liabilities | 662 | 499 |
| Total current liabilities | 8,571 | 9,731 |
| NONCURRENT LIABILITIES | ||
| Recourse debt | 4,805 | 4,264 |
| Non-recourse debt | 20,626 | 18,482 |
| Deferred income taxes | 1,490 | 1,245 |
| Other noncurrent liabilities | 2,881 | 3,114 |
| Noncurrent held-for-sale liabilities | 391 | 514 |
| Total noncurrent liabilities | 30,193 | 27,619 |
| Commitments and Contingencies (see Notes 13 and 14) | ||
| Redeemable stock of subsidiaries | 938 | 1,464 |
| EQUITY | ||
| THE AES CORPORATION STOCKHOLDERS’ EQUITY | ||
| Preferred stock (without par value, 50,000,000 shares authorized; 1,043,050 issued and outstanding at December 31, 2023) | — | 838 |
| Common stock ($0.01 par value, 1,200,000,000 shares authorized; 859,709,987 issued and 711,074,269 outstanding at December 31, 2024 and 819,051,591 issued and 669,693,234 outstanding at December 31, 2023) | 9 | 8 |
| Additional paid-in capital | 5,913 | 6,355 |
| Retained earnings (accumulated deficit) | 293 | (1,386) |
| Accumulated other comprehensive loss | (766) | (1,514) |
| Treasury stock, at cost (148,635,718 and 149,358,357 shares, respectively) | (1,805) | (1,813) |
| Total AES Corporation stockholders’ equity | 3,644 | 2,488 |
| NONCONTROLLING INTERESTS | 4,060 | 3,497 |
| Total equity | 7,704 | 5,985 |
| TOTAL LIABILITIES, REDEEMABLE STOCK OF SUBSIDIARIES, AND EQUITY | $47,406 | $44,799 |
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