The AES Corporation Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,800	1,382	1,524	1,426	1,374	943
Short-Term Investments	53	174	79	395	730	232
Accounts Receivable	1,934	1,683	1,646	1,420	1,799	1,418
Other Receivables	69	69	85	95	107	184
Inventory	618	612	593	712	1,055	604
Prepaid Expenses	101	192	157	177	98	142
Restricted Cash	530	691	437	370	536	304
Loans Receivable Current	96	107	-	-	-	-
Other Current Assets	1,202	1,592	2,310	2,054	1,944	1,529
Total Current Assets	6,403	6,502	6,831	6,649	7,643	5,356
Property, Plant & Equipment	40,657	38,187	33,538	30,338	23,395	20,184
Regulatory Assets	-	-	-	698	724	834
Goodwill	342	342	345	348	362	1,177
Other Intangible Assets	2,033	2,040	1,947	2,243	1,841	1,450
Long-Term Investments	885	1,004	1,124	941	952	1,080
Long-Term Loans Receivable	710	755	-	-	-	-
Long-Term Deferred Tax Assets	356	397	365	396	319	409
Long-Term Accounts Receivable	-	-	-	193	-	57
Other Long-Term Assets	2,852	2,541	3,256	2,993	3,127	2,416
Total Assets	54,238	51,768	47,406	44,799	38,363	32,963

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	2,170	1,980	1,654	2,199	1,730	1,153
Accrued Expenses	2,109	2,439	1,462	1,594	1,625	1,481
Short-Term Debt	826	616	917	974	662	-
Current Portion of Long-Term Debt	3,462	3,090	3,569	4,124	1,752	1,361
Current Portion of Leases	-	57	44	45	32	26
Current Income Taxes Payable	-	117	71	103	104	133
Other Current Liabilities	11	193	854	692	586	578
Total Current Liabilities	8,578	8,492	8,571	9,731	6,491	4,732
Long-Term Debt	28,655	26,072	24,878	22,484	21,571	17,204
Long-Term Leases	-	1,108	945	649	543	422
Long-Term Deferred Tax Liabilities	1,604	1,581	1,490	1,245	1,139	977
Other Long-Term Liabilities	2,577	2,586	2,880	3,241	2,794	3,804
Total Liabilities	41,414	39,839	38,764	37,350	32,538	27,139

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Preferred Equity	-	-	-	838	838	838
Common Stock	9	9	9	8	8	8
Additional Paid-In Capital	5,888	5,904	5,913	6,355	6,688	7,106
Retained Earnings	1,429	641	293	-1,386	-1,635	-1,089
Treasury Stock	-1,781	-1,793	-1,805	-1,813	-1,822	-1,845
Comprehensive Income & Other	-603	-698	-766	-1,514	-1,640	-2,220
Total Common Equity	4,942	4,063	3,644	1,650	1,599	1,960
Minority Interest	7,882	7,866	4,998	4,961	3,388	3,026
Shareholders' Equity	12,824	11,929	8,642	7,449	5,825	5,824
Total Liabilities & Equity	54,238	51,768	47,406	44,799	38,363	32,963

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	32,943	30,943	30,353	28,276	24,560	19,013
Net Cash (Debt)	-31,090	-29,387	-28,750	-26,455	-22,456	-17,838
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-43.45	-41.16	-40.32	-37.16	-33.62	-26.78
Filing Date Shares Outstanding	713.44	712.56	711.9	710.29	668.82	667.4
Total Common Shares Outstanding	713.16	712.2	711.07	669.69	668.74	666.79
Working Capital	-2,175	-1,990	-1,740	-3,082	1,152	624
Book Value Per Share	6.93	5.70	5.12	2.46	2.39	2.94
Tangible Book Value	2,567	1,681	1,352	-941	-604	-667
Tangible Book Value Per Share	3.60	2.36	1.90	-1.41	-0.90	-1.00
Land	-	645	610	522	470	426
Buildings	-	1,308	1,232	1,239	1,197	1,552
Machinery	-	35,969	30,163	27,914	24,483	23,265
Construction In Progress	-	7,892	8,434	7,848	4,621	2,414

SEC Filings: 10-K · 10-Q