The AES Corporation (AES) Financial Statements

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AES financial statements at a glance

AES reported revenue of $12.28 billion for fiscal year 2024 (ended December 31, 2024), down 3.1% from fiscal year 2023. Net income was $1.68 billion, a net margin of 13.7%.

At the end of fiscal year 2024 it had total assets of $47.41 billion, total liabilities of $43.76 billion and shareholders' equity of $3.64 billion, with total debt of $29.02 billion.

Its operations brought in $2.85 billion of cash.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 3 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2024.

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The AES Corporation

AESUnited States
Utilities
USD (Local)

Income Statement

Annual • USD

Revenue
12.28B
Prev Year: 12.67B
YoY: -3.1%
Cost of Revenue
9.96B
Prev Year: 10.16B
YoY: -2.0%
Gross Profit
2.31B
Prev Year: 2.50B
YoY: -7.6%
SG&A Expenses
288.00M
Prev Year: 255.00M
YoY: +12.9%
Other Operating Expenses, Total
-69.00M
Prev Year: -32.00M
YoY: -115.6%
Interest Exp.(Inc.),Net-Operating, Total
-
Operating Expenses
10.31B
Prev Year: 11.44B
YoY: -9.8%
Operating Income
1.97B
Prev Year: 1.23B
YoY: +59.8%
Interest Inc.(Exp.),Net-Non-Op., Total
-1.07B
Prev Year: -1.13B
YoY: +4.8%
Net Income Before Taxes
894.00M
Prev Year: 104.00M
YoY: +759.6%
Provision for Income Taxes
59.00M
Prev Year: 261.00M
YoY: -77.4%
Other, Net
-
Net Income After Taxes
835.00M
Prev Year: -157.00M
YoY: +631.8%
Equity In Affiliates
-26.00M
Prev Year: -32.00M
YoY: +18.8%
Net Income Before Extra. Items
1.69B
Prev Year: 242.00M
YoY: +596.7%
Total Extraordinary Items
-7.00M
Prev Year: 7.00M
YoY: -200.0%
Net Income
1.68B
Prev Year: 249.00M
YoY: +574.3%
Income Available to Com Excl ExtraOrd
1.69B
Prev Year: 242.00M
YoY: +596.7%
Income Available to Com Incl ExtraOrd
1.68B
Prev Year: 249.00M
YoY: +574.3%
Diluted Net Income
1.68B
Prev Year: 250.00M
YoY: +571.6%
Diluted Weighted Average Shares
713.00M
Prev Year: 712.00M
YoY: +0.1%
Diluted EPS Excluding ExtraOrd Items
2.365
Prev Year: 0.341
YoY: +592.9%
DPS - Common Stock Primary Issue
0.69
Prev Year: 0.664
YoY: +4.0%
Diluted Normalized EPS
2.573
Prev Year: 1.228
YoY: +109.6%
Unusual Expense (Income)
128.00M
Prev Year: 1.05B
YoY: -87.8%
Minority Interest
877.00M
Prev Year: 431.00M
YoY: +103.5%
Dilution Adjustment
-
Prev Year: 1
Values in USD

AES key figures by fiscal year

FY2024FY2023FY2022
Revenue$12.3B$12.7B$12.6B
Gross profit$2.3B$2.5B$2.5B
Operating income$2.0B$1.2B$811.0M
Net income$1.7B$249.0M-$546.0M
Total assets$47.4B$44.8B$38.4B
Total liabilities$43.8B$42.3B$35.9B
Shareholders' equity$3.6B$2.5B$2.4B
Total debt$29.0B$26.9B$23.5B
Operating cash flow$2.8B$3.0B$2.7B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2022.

Questions and answers

What was AES's revenue in fiscal year 2024?

$12.28 billion, down 3.1% from $12.67 billion in fiscal year 2023.

How much profit does AES make?

AES reported net income of $1.68 billion for fiscal year 2024 (13.7% of revenue); operating income was $1.97 billion.

How much cash and debt does AES have?

At the end of fiscal year 2024: total debt of $29.02 billion.

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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