XML 102 R54.htm IDEA: XBRL DOCUMENT v3.3.1.900
Investments In and Advances To Affiliates (Tables)
12 Months Ended
Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Equity Ownership Interest And Carrying Values Of Investments Accounted For Under The Equity Method
The following table summarizes the relevant effective equity ownership interest and carrying values for the Company's investments accounted for under the equity method as of the periods indicated.
December 31,
 
 
2015
 
2014
 
2015
 
2014
Affiliate
Country
 
Carrying Value (in millions)
 
Ownership Interest %
Solar Power PR
Puerto Rico
 
$

 
$
2

 
%
 
50
%
Barry(1) 
United Kingdom
 

 

 
100
%
 
100
%
Elsta(1)
Netherlands
 
53

 
54

 
50
%
 
50
%
Distributed Energy(1)
United States
 
17

 

 
94
%
 
%
Guacolda(2)
Chile
 
344

 
285

 
33
%
 
35
%
OPGC(3)
India
 
195

 
194

 
49
%
 
49
%
Other affiliates
Various
 
1

 
2

 
 
 
 
Total investments in and advances to affiliates
 
 
$
610

 
$
537

 
 
 
 

(1) 
Represent VIEs in which the Company holds a variable interest but is not the primary beneficiary.
(2) 
The Company's ownership in Guacolda is held through AES Gener, a 67%-owned consolidated subsidiary. AES Gener owns 50% of Guacolda, resulting in an AES effective ownership in Guacolda of 33%. At December 31, 2014, AES owned 71% of AES Gener, resulting in an AES effective ownership in Guacolda of 35%.
(3) 
OPGC has one coal-fired expansion project under development. The project started construction in April 2014 and is currently expected to begin operations in 2018.
Investments In and Advances to Affiliates Financial Information
The following tables summarize financial information of the Company's 50%-or-less-owned affiliates and majority-owned unconsolidated subsidiaries that are accounted for using the equity method in millions.
 
50%-or-less Owned Affiliates
 
Majority-Owned Unconsolidated Subsidiaries
Years ended December 31,
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Revenue
$
641

 
$
928

 
$
1,099

 
$
24

 
$
2

 
$
2

Operating margin
152

 
206

 
295

 
11

 

 

Net income (loss)
210

 
59

 
53

 
6

 

 

 
 
 
 
 
 
 
 
 
 
 
 
December 31,
2015
 
2014
 
 
 
2015
 
2014
 
 
Current assets
$
376

 
$
450

 
 
 
$
20

 
$

 
 
Noncurrent assets
2,132

 
1,748

 
 
 
211

 
15

 
 
Current liabilities
435

 
299

 
 
 
21

 

 
 
Noncurrent liabilities
1,044

 
935

 
 
 
153

 
67

 
 
Noncontrolling interests

 
17

 
 
 

 

 
 
Stockholders' equity
1,029

 
947

 
 
 
57

 
(52
)