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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total Revenue $ 3,289 $ 3,434 $ 9,316 $ 9,700
Cost of Goods and Services Sold (2,567) (2,516) (7,422) (7,690)
Operating margin 722 918 1,894 2,010
General and administrative expenses (57) (64) (198) (191)
Interest expense (379) (326) (1,125) (966)
Interest income 119 144 312 398
Loss on extinguishment of debt (1) 0 (11) (1)
Other expense (31) (12) (153) (38)
Other income 64 12 120 36
Gain (loss) on disposal and sale of business interests (1) 0 43 (4)
Asset impairment expense (79) (158) (355) (352)
Foreign currency transaction gains (losses) (28) (100) 2 (209)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 329 414 529 683
Income tax expense (103) (109) (52) (179)
Net equity in losses of affiliates (9) (14) (21) (43)
Income Tax Expense (Benefit), Continuing Operations, Discontinued Operations 217 291 456 461
NET INCOME 210 291 449 461
Less: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries 292 (60) 670 (118)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION 502 231 1,119 343
Income from continuing operations, net of tax 509 231 1,126 343
Loss from disposal of discontinued businesses $ (7) $ 0 $ (7) $ 0
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.72 $ 0.34 $ 1.60 $ 0.51
Loss from discontinued operations attributable to The AES Corporation common stockholders, net of tax (0.01) 0 (0.01) 0
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax 0.72 0.32 1.58 0.48
Loss from discontinued operations attributable to The AES Corporation common stockholders, net of tax (0.01) 0 (0.01) 0
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS 0.71 0.34 1.59 0.51
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.71 $ 0.32 $ 1.57 $ 0.48
Weighted Average Number of Shares Outstanding, Diluted, Total 713 712 713 712
BASIC EARNINGS PER SHARE:        
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.71 $ 0.34 $ 1.59 $ 0.51
DILUTED EARNINGS PER SHARE:        
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.71 $ 0.32 $ 1.57 $ 0.48
Weighted Average Number of Shares Outstanding, Diluted, Total 713 712 713 712
Electric Transmission [Member]        
Total Revenue $ 937 $ 863 $ 2,662 $ 2,649
Cost of Goods and Services Sold (773) (703) (2,224) (2,298)
Electricity, Generation [Member]        
Total Revenue 2,352 2,571 6,654 7,051
Cost of Goods and Services Sold $ (1,794) $ (1,813) $ (5,198) $ (5,392)