The AES Corporation (AES) — Financial statements
Income statement, balance sheet, and cash flow for The AES Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 12,233↓0.4% | 12,278↓3.1% | 12,676↑0.5% | 12,618↑13.2% | 11,142 | |
| Cost of Revenue | 10,022↑0.6% | 9,964↓2.0% | 10,164↑0.9% | 10,069↑19.4% | 8,430 | |
| Gross Profit | 2,211↓4.5% | 2,316↓7.9% | 2,515↓1.3% | 2,548↓6.1% | 2,713 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 241↓16.3% | 288↑12.9% | 255↑23.2% | 207↑24.7% | 166 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 241↓16.3% | 288↑12.9% | 255↑23.2% | 207↑24.7% | 166 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 241↓16.3% | 288↑12.9% | 255↑23.2% | 207↑24.7% | 166 | |
| Total Costs & Expenses | 10,263↑0.1% | 10,250↓1.6% | 10,416↑1.4% | 10,277↑19.6% | 8,595 | |
| Operating Results | ||||||
| Operating Income | 1,970↓2.9% | 2,028↓10.3% | 2,260↓3.5% | 2,341↓8.1% | 2,547 | |
| Depreciation & Amortization | 1,457↑15.3% | 1,264↑12.1% | 1,128↑7.1% | 1,053↓0.3% | 1,056 | |
| EBITDA | 2,939↓20.0% | 3,675↑45.0% | 2,534↑30.4% | 1,943↑137.5% | 818 | |
| EBIT | 1,482↓38.5% | 2,411↑71.5% | 1,406↑58.0% | 890↑473.9% | -238 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,128↑0.7% | -1,136↓51.3% | -751↓12.1% | -670↓26.9% | -528 | |
| Interest Income | 287↓24.7% | 381↓30.9% | 551↑41.6% | 389↑30.5% | 298 | |
| Interest Expense | 1,415↓6.7% | 1,517↑16.5% | 1,302↑22.9% | 1,059↑28.2% | 826 | |
| Non-Operating Income | 488↑227.4% | -383↓144.8% | 854↓41.1% | 1,451↓47.9% | 2,785 | |
| Other Income / Expenses | -1,950↓68.1% | -1,160↑47.0% | -2,188↑15.2% | -2,581↑29.0% | -3,635 | |
| Income Before Tax | 20↓97.7% | 868↑1105.6% | 72↑130.0% | -240↑77.9% | -1,088 | |
| Income Tax Expense | -181↓406.8% | 59↓77.4% | 261↓1.5% | 265↑299.2% | -133 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 201↓75.2% | 809↑528.0% | -189↑62.6% | -505↑47.1% | -955 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 949↓43.7% | 1,686↑596.7% | 242↑144.3% | -546↓32.2% | -413 | |
| Bottom-Line Net Income | 939↓44.3% | 1,686↑593.8% | 243↑144.5% | -546↓32.2% | -413 | |
| EPS (Basic) | 1.26↓47.1% | 2.38↑543.2% | 0.37↑145.1% | -0.82↓34.4% | -0.61 | |
| EPS (Diluted) | 1.26↓46.6% | 2.36↑574.3% | 0.35↑142.7% | -0.82↓34.4% | -0.61 | |
| Weighted Average Shares | 712↑0.9% | 705↑5.5% | 669↑0.5% | 666↓0.7% | 670 | |
| Weighted Average Diluted Shares | 712↓0.1% | 713↑0.1% | 712↑6.6% | 668↑0.3% | 666 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.