AES CORP

For the period ended Mar 31, 2025. Filed May 1, 2025.

About this filing

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, 2025 · Filed May 1, 2025

AES$14.90+0.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

	March 31, 2025	December 31, 2024
(in millions, except share and per share amounts)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$1,753	$1,524
Restricted cash	735	437
Short-term investments	64	79
Accounts receivable, net of allowance of $65 and $52, respectively	1,719	1,646
Inventory	624	593
Prepaid expenses	168	157
Other current assets, net of $0 allowance for both periods	1,341	1,533
Current held-for-sale assets	1,474	862
Total current assets	7,878	6,831
NONCURRENT ASSETS
Property, plant and equipment, net of accumulated depreciation of $8,978 and $8,701, respectively	33,995	33,166
Investments in and advances to affiliates	1,129	1,124
Debt service reserves and other deposits	78	78
Goodwill	345	345
Other intangible assets, net of accumulated amortization of $449 and $426, respectively	1,943	1,947
Deferred income taxes	371	365
Other noncurrent assets, net of allowance of $21 and $20, respectively	2,876	2,917
Noncurrent held-for-sale assets	—	633
Total noncurrent assets	40,737	40,575
TOTAL ASSETS	$48,615	$47,406
LIABILITIES, REDEEMABLE STOCK OF SUBSIDIARIES, AND EQUITY
CURRENT LIABILITIES
Accounts payable	$1,655	$1,654
Accrued interest	310	256
Accrued non-income taxes	288	249
Supplier financing arrangements	605	917
Accrued and other liabilities	1,315	1,246
Recourse debt	1,177	899
Non-recourse debt	2,990	2,688
Current held-for-sale liabilities	1,004	662
Total current liabilities	9,344	8,571
NONCURRENT LIABILITIES
Recourse debt	4,801	4,805
Non-recourse debt	21,608	20,626
Deferred income taxes	1,475	1,490
Other noncurrent liabilities	2,763	2,881
Noncurrent held-for-sale liabilities	—	391
Total noncurrent liabilities	30,647	30,193
Commitments and Contingencies (see Note 9)
Redeemable stock of subsidiaries	899	938
EQUITY
THE AES CORPORATION STOCKHOLDERS’ EQUITY
Common stock ($0.01 par value, 1,200,000,000 shares authorized; 859,711,007 issued and 711,908,057 outstanding at March 31, 2025 and 859,709,987 issued and 711,074,269 outstanding at December 31, 2024)	9	9
Additional paid-in capital	5,888	5,913
Retained earnings	214	293
Accumulated other comprehensive loss	(848)	(766)
Treasury stock, at cost (147,802,950 and 148,635,718 shares at March 31, 2025 and December 31, 2024, respectively)	(1,795)	(1,805)
Total AES Corporation stockholders’ equity	3,468	3,644
NONCONTROLLING INTERESTS	4,257	4,060
Total equity	7,725	7,704
TOTAL LIABILITIES, REDEEMABLE STOCK OF SUBSIDIARIES, AND EQUITY	$48,615	$47,406

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.