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Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarterly Financial Data
The following tables summarize the unaudited quarterly statements of operations for the Company for 2013 and 2012. Amounts have been restated to reflect discontinued operations in all periods presented and reflect all adjustments necessary in the opinion of management for a fair statement of the results for interim periods.
 
 
Quarter Ended 2013
  
Mar 31
 
June 30
 
Sept 30
 
Dec 31
 
(in millions, except per share data)
Revenue
$
4,150

 
$
3,943

 
$
3,998

 
$
3,800

Operating margin
749

 
901

 
927

 
670

Income (loss) from continuing operations, net of tax(1)
230

 
332

 
341

 
(173
)
Discontinued operations, net of tax
(31
)
 
1

 
(118
)
 
(31
)
Net income (loss)
$
199

 
$
333

 
$
223

 
$
(204
)
Net income (loss) attributable to The AES Corporation
$
82

 
$
167

 
$
71

 
$
(206
)
Basic income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation, net of tax
$
0.15

 
$
0.22

 
$
0.24

 
$
(0.23
)
Discontinued operations attributable to The AES Corporation, net of tax
(0.04
)
 
—

 
(0.15
)
 
(0.05
)
Basic income (loss) per share attributable to The AES Corporation
$
0.11

 
$
0.22

 
$
0.09

 
$
(0.28
)
Diluted income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation, net of tax
$
0.15

 
$
0.22

 
$
0.24

 
$
(0.23
)
Discontinued operations attributable to The AES Corporation, net of tax
(0.04
)
 
—

 
(0.15
)
 
(0.05
)
Diluted income (loss) per share attributable to The AES Corporation
$
0.11

 
$
0.22

 
$
0.09

 
$
(0.28
)
Dividends declared per common share
$
—

 
$
0.08

 
$
—

 
$
0.09

 
Quarter Ended 2012
 
Mar 31
 
June 30
 
Sept 30
 
Dec 31
 
(in millions, except per share data)
Revenue
$
4,448

 
$
3,990

 
$
4,353

 
$
4,373

Operating margin
1,044

 
693

 
964

 
882

Income (loss) from continuing operations, net of tax(2)
504

 
150

 
(1,429
)
 
355

Discontinued operations, net of tax
11

 
57

 
27

 
(32
)
Net income (loss)
$
515


$
207


$
(1,402
)

$
323

Net income (loss) attributable to The AES Corporation
$
341

 
$
140

 
$
(1,568
)
 
$
175

Basic income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation, net of tax
$
0.43

 
$
0.10

 
$
(2.12
)
 
$
0.29

Discontinued operations attributable to The AES Corporation, net of tax
0.02

 
0.08

 
0.02

 
(0.06
)
Basic income (loss) per share attributable to The AES Corporation
$
0.45

 
$
0.18

 
$
(2.10
)
 
$
0.23

Diluted income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation, net of tax
$
0.43

 
$
0.10

 
$
(2.12
)
 
$
0.29

Discontinued operations attributable to The AES Corporation, net of tax
0.01

 
0.08

 
0.02

 
(0.06
)
Diluted income (loss) per share attributable to The AES Corporation
$
0.44

 
$
0.18

 
$
(2.10
)
 
$
0.23

Dividends declared per common share
$
—

 
$
—

 
$
0.04

 
$
0.04

 
(1)
Includes pretax impairment expense of $48 million, $0 million, $74 million and $467 million, for the first, second, third and fourth quarters of 2013, respectively. See Note 21—Asset Impairment Expense and Note 10—Goodwill and Other Intangible Assets for further discussion.
(2) 
Includes pretax impairment expense of $10 million, $18 million, $1.9 billion and $(31) million, for the first, second, third and fourth quarters of 2012, respectively. See Note 21—Asset Impairment Expense and Note 10—Goodwill and Other Intangible Assets for further discussion.