XML 74 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING ACTIVITIES:      
Net income (loss) $ (357) $ 1,530 $ 1,059
Adjustments to net income (loss):      
Depreciation and amortization 1,394 1,262 1,178
Gain from sale of investments and impairment expense 1,766 386 1,313
Deferred income tax expense 162 (199) (418)
Provision for contingencies 47 30 37
Loss on the extinguishment of debt 7 62 34
(Gain) loss on disposal and impairment write-down - discontinued operations (84) (388) (209)
Undistributed gain from sale of equity method investment 0 0 (106)
Other 34 149 (31)
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (241) (236) (98)
(Increase) decrease in inventory 24 (141) 10
(Increase) decrease in prepaid expenses and other current assets 120 (7) 385
(Increase) decrease in other assets (589) (403) (248)
Increase (decrease) in accounts payable and other current liabilities 330 322 136
Increase (decrease) in income tax payables, net (47) 166 166
Increase (decrease) in other liabilities 335 351 257
Net cash provided by operating activities 2,901 2,884 3,465
INVESTING ACTIVITIES:      
Capital expenditures (2,236) (2,430) (2,310)
Acquisitions - net of cash acquired (20) (3,562) (254)
Proceeds from the sale of businesses, net of cash sold 639 927 595
Proceeds from the sale of assets 46 117 23
Sale of short-term investments 6,437 6,075 5,786
Purchase of short-term investments (5,907) (5,860) (5,795)
(Increase) decrease in restricted cash (43) 61 (104)
(Increase) decrease in debt service reserves and other assets 28 (284) (56)
Affiliate advances and equity investments (89) (155) (97)
Proceeds from performance bond 0 199 0
Proceeds from government grants for asset construction 122 8 75
Proceeds from loan repayments 1 0 132
Other investing (1) (2) (35)
Net cash used in investing activities (1,023) (4,906) (2,040)
FINANCING ACTIVITIES:      
(Repayments) borrowings under the revolving credit facilities, net (321) 437 78
Issuance of recourse debt 0 2,050 0
Issuance of non-recourse debt 1,391 3,218 1,940
Repayments of recourse debt (235) (476) (914)
Repayments of non-recourse debt (1,325) (2,217) (1,945)
Issuance of common stock 0 0 1,567
Payments for financing fees (40) (202) (61)
Distributions to noncontrolling interests (895) (1,088) (1,245)
Contributions from noncontrolling interests 43 6 0
Dividends paid on AES common stock 30 0 0
Financed capital expenditures (34) (31) (23)
Purchase of treasury stock (301) (279) (99)
Other financing 8 (6) (4)
Net cash (used in) provided by financing activities (1,739) 1,412 (706)
Effect of exchange rate changes on cash 5 (122) 8
(Increase) decrease in cash of discontinued and held for sale businesses 131 (79) 34
Total increase (decrease) in cash and cash equivalents 275 (811) 761
Cash and cash equivalents, beginning 1,695 2,506 1,745
Cash and cash equivalents, ending 1,970 1,695 2,506
SUPPLEMENTAL DISCLOSURES:      
Cash payments for interest, net of amounts capitalized 1,509 1,442 1,462
Cash payments for income taxes, net of refunds 647 971 698
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Assets acquired in acquisition of subsidiary 12 20 42
Parent Company
      
Changes in operating assets and liabilities:      
Net cash provided by operating activities 694 719 488
INVESTING ACTIVITIES:      
Acquisitions - net of cash acquired 1 2 (3)
(Increase) decrease in restricted cash 44 (261) (2)
Net cash used in investing activities 513 (2,638) (912)
FINANCING ACTIVITIES:      
(Repayments) borrowings under the revolving credit facilities, net (295) 295 0
Issuance of common stock 8 3 1,569
Payments for financing fees (1) (75) (12)
Purchase of treasury stock (301) (279) (99)
Net cash (used in) provided by financing activities (1,091) 1,512 390
Total increase (decrease) in cash and cash equivalents 116 (405) (34)
Cash and cash equivalents, beginning 189 594 628
Cash and cash equivalents, ending 305 189 594
SUPPLEMENTAL DISCLOSURES:      
Cash payments for interest, net of amounts capitalized 479 392 412
Cash payments for income taxes, net of refunds $ 0 $ (6) $ 0