AES CORP

For the period ended Mar 31, 2026. Filed May 5, 2026.

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, 2026 · Filed May 5, 2026

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

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Contents

Condensed Consolidated Balance Sheets

	March 31, 2026	December 31, 2025
(in millions, except share and per share amounts)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$1,600	$1,382
Restricted cash	599	691
Short-term investments	51	174
Accounts receivable, net of allowance of $41 and $39, respectively	1,651	1,683
Inventory	648	612
Prepaid expenses	133	192
Other current assets, net of allowance of $2 and $2, respectively	1,380	1,723
Current held-for-sale assets	48	45
Total current assets	6,110	6,502
NONCURRENT ASSETS
Property, plant, and equipment, net of accumulated depreciation of $9,895 and $9,796, respectively	39,290	37,818
Investments in and advances to affiliates	1,006	1,004
Debt service reserves and other deposits	120	89
Goodwill	342	342
Other intangible assets, net of accumulated amortization of $503 and $479, respectively	2,019	2,040
Deferred income taxes	425	397
Loan receivable, net of allowance of $18 and $19, respectively	730	755
Other noncurrent assets, net of allowance of $25 and $24, respectively	2,777	2,821
Total noncurrent assets	46,709	45,266
TOTAL ASSETS	$52,819	$51,768
LIABILITIES, REDEEMABLE STOCK OF SUBSIDIARIES, AND EQUITY
CURRENT LIABILITIES
Accounts payable	$1,962	$1,980
Accrued interest	318	268
Accrued non-income taxes	333	294
Supplier financing arrangements	805	616
Accrued and other liabilities	1,756	2,223
Recourse debt	919	879
Non-recourse debt	2,281	2,232
Total current liabilities	8,374	8,492
NONCURRENT LIABILITIES
Recourse debt	5,252	5,105
Non-recourse debt	22,547	21,681
Deferred income taxes	1,605	1,581
Other noncurrent liabilities	2,790	2,980
Total noncurrent liabilities	32,194	31,347
Commitments and Contingencies (see Note 9)
Redeemable stock of subsidiaries	2,895	2,824
EQUITY
THE AES CORPORATION STOCKHOLDERS’ EQUITY
Common stock ($0.01 par value, 1,200,000,000 shares authorized; 859,837,679 issued and 713,137,865 outstanding at March 31, 2026 and 859,836,539 issued and 712,201,777 outstanding at December 31, 2025)	9	9
Additional paid-in capital	5,885	5,904
Retained earnings	1,003	641
Accumulated other comprehensive loss	(696)	(698)
Treasury stock, at cost (146,699,814 and 147,634,762 shares at March 31, 2026 and December 31, 2025, respectively)	(1,781)	(1,793)
Total AES Corporation stockholders’ equity	4,420	4,063
NONCONTROLLING INTERESTS	4,936	5,042
Total equity	9,356	9,105
TOTAL LIABILITIES, REDEEMABLE STOCK OF SUBSIDIARIES, AND EQUITY	$52,819	$51,768

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.