The AES Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	12,094	12,278	12,668	12,617	11,141	9,660
Revenue Growth (YoY)	-1.55%	-3.08%	0.40%	13.25%	15.33%	-5.19%
Selling, General & Admin	248	288	255	207	166	165
Other Operating Expenses	10,015	9,974	10,176	10,064	8,409	6,967
Total Operating Expenses	10,263	10,262	10,431	10,271	8,575	7,132
Operating Income	1,831	2,016	2,237	2,346	2,566	2,528
Interest Expense	-1,402	-1,485	-1,319	-1,117	-911	-1,038
Interest Income	291	385	557	392	299	268
Net Interest Expense	-1,111	-1,100	-762	-725	-612	-770
Income (Loss) on Equity Investments	-60	-26	-32	-71	-24	-123
Currency Exchange Gain (Loss)	-28	31	-359	-77	-10	55
Other Non-Operating Income (Expenses)	-286	-25	2	14	-15	-3
EBT Excluding Unusual Items	339	896	1,086	1,487	1,905	1,687
Restructuring Charges	-104	-	-	-	-	-
Impairment of Goodwill	-	-	-12	-777	-	-
Gain (Loss) on Sale of Investments	-110	-62	-226	-224	254	-201
Gain (Loss) on Sale of Assets	647	342	104	-22	-1,673	-56
Asset Writedown	-309	-312	-841	-687	-1,575	-864
Insurance Settlements	7	12	6	12	-	-
Legal Settlements	-	-	2	-2	51	-15
Other Unusual Items	-18	-8	-47	-27	-50	-186
Pretax Income	452	868	72	-240	-1,088	365
Income Tax Expense	-35	59	261	265	-133	216
Earnings From Continuing Ops.	487	809	-189	-505	-955	149
Earnings From Discontinued Ops.	-37	-7	7	-	4	3
Net Income to Company	450	802	-182	-505	-951	152
Minority Interest in Earnings	607	877	431	-41	542	-106
Net Income	1,057	1,679	249	-546	-409	46
Net Income to Common	1,042	1,679	249	-546	-409	46
Net Income Growth	-5.46%	574.30%	-	-	-	-84.82%
Shares Outstanding (Basic)	712	706	669	668	666	665
Shares Outstanding (Diluted)	714	713	712	668	666	668
Shares Change (YoY)	0.14%	0.14%	6.59%	0.30%	-0.30%	0.15%
EPS (Basic)	1.46	2.38	0.37	-0.82	-0.61	0.07
EPS (Diluted)	1.46	2.36	0.35	-0.82	-0.61	0.06
EPS Growth	-6.72%	572.18%	-	-	-	-85.72%
Free Cash Flow	-2,215	-4,640	-4,690	-1,836	-214	855
Free Cash Flow Per Share	-3.10	-6.51	-6.59	-2.75	-0.32	1.28
Dividend Per Share	0.704	0.693	0.670	0.640	0.610	0.580
Dividend Growth	2.00%	3.47%	4.74%	4.99%	5.01%	4.99%
Profit Margin	8.62%	13.68%	1.97%	-4.33%	-3.67%	0.48%
Free Cash Flow Margin	-18.32%	-37.79%	-37.02%	-14.55%	-1.92%	8.85%
EBITDA	3,206	3,280	3,384	3,418	3,622	3,596
EBITDA Margin	26.51%	26.71%	26.71%	27.09%	32.51%	37.23%
D&A For EBITDA	1,375	1,264	1,147	1,072	1,056	1,068
EBIT	1,831	2,016	2,237	2,346	2,566	2,528
EBIT Margin	15.14%	16.42%	17.66%	18.59%	23.03%	26.17%
Effective Tax Rate	-	6.80%	362.50%	-	-	59.18%
Revenue as Reported	12,094	12,278	12,668	12,617	11,141	9,660

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

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