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 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, 2021 | 1.0 | $838 | 818.7 | $8 | 152.0 | $(1,845) | $7,106 | $(1,089) | $(2,220) | $1,769 | ||||||||
| Net income (loss) | — | — | — | — | — | — | — | (546) | — | 128 | ||||||||
| Foreign currency translation adjustments and reclassification to earnings, net of income tax | — | — | — | — | — | — | — | — | (37) | 1 | ||||||||
| Change in fair value of derivatives and reclassification to earnings, net of income tax | — | — | — | — | — | — | — | — | 689 | 41 | ||||||||
| Change in pension adjustments and reclassification to earnings, 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 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) | ||||||||
| Foreign currency translation adjustments and reclassification to earnings, net of income tax | — | — | — | — | — | — | — | — | 136 | 9 | ||||||||
| Change in fair value of derivatives and reclassification to earnings, net of income tax | — | — | — | — | — | — | — | — | 3 | (77) | ||||||||
| Change in pension adjustments and reclassification to earnings, 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 | ||||||||
| Net income (loss) | — | — | — | — | — | — | — | 1,679 | — | (791) | ||||||||
| Foreign currency translation adjustments and reclassification to earnings, net of income tax | — | — | — | — | — | — | — | — | (88) | 502 | ||||||||
| Change in fair value of derivatives and reclassification to earnings, net of income tax | — | — | — | — | — | — | — | — | 333 | 86 | ||||||||
| Change in pension adjustments and reclassification to earnings, net of income tax | — | — | — | — | — | — | — | — | 2 | 8 | ||||||||
| Change in fair value option liabilities, net of income tax | — | — | — | — | — | — | — | — | 3 | — | ||||||||
| Total other comprehensive income (loss) | — | — | — | — | — | — | — | — | 250 | 596 | ||||||||
| Reclassification of redeemable stock of subsidiaries to noncontrolling interests (2) | — | — | — | — | — | — | — | — | — | 736 | ||||||||
| Disposition of business interests | — | — | — | — | — | — | 14 | — | — | (1,399) | ||||||||
| Distributions to noncontrolling interests | — | — | — | — | — | — | — | — | — | (368) | ||||||||
| Acquisitions of noncontrolling interests | — | — | — | — | — | — | (802) | — | 498 | 304 | ||||||||
| Contributions from noncontrolling interests | — | — | — | — | — | — | — | — | — | 411 | ||||||||
| Sales to noncontrolling interests | — | — | — | — | — | — | (19) | — | — | 1,074 | ||||||||
| Conversion of Corporate Units to shares of common stock | (1.0) | (838) | 40.5 | 1 | — | — | 838 | — | — | — | ||||||||
| Dividends declared on AES common stock ($0.6935/share) | — | — | — | — | — | — | (493) | — | — | — | ||||||||
| Purchase of treasury stock | — | — | — | — | 0.1 | (3) | 3 | — | — | — | ||||||||
| Issuance and exercise of stock-based compensation benefit plans, net of income tax | — | — | 0.1 | — | (0.9) | 11 | 17 | — | — | — | ||||||||
| Balance at December 31, 2024 | — | $— | 859.7 | $9 | 148.6 | $(1,805) | $5,913 | $293 | $(766) | $4,060 | ||||||||
(1)Excludes redeemable stock of subsidiaries. See Note 17—Redeemable Stock of Subsidiaries.
(2)Related to the reclassification of AES Clean Energy Development common stock and certain tax equity partnerships at AES Clean Energy from Redeemable stock of subsidiaries to Noncontrolling interests. See Note 17—Redeemable Stock of Subsidiaries.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.