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Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2014
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 2014 and 2013. 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 2014
 
Mar 31
 
June 30
 
Sept 30
 
Dec 31
 
(in millions, except per share data)
Revenue
$
4,262

 
$
4,311

 
$
4,441

 
$
4,132

Operating margin
794

 
819

 
767

 
708

Income from continuing operations, net of tax(1) (2)
89

 
281

 
508

 
298

Discontinued operations, net of tax
(23
)
 
(6
)
 
—

 
—

Net income
$
66

 
$
275

 
$
508

 
$
298

Net income (loss) attributable to The AES Corporation
$
(58
)
 
$
133

 
$
488

 
$
206

Basic income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation, net of tax
$
(0.07
)
 
$
0.20

 
$
0.68

 
$
0.29

Discontinued operations attributable to The AES Corporation, net of tax
(0.01
)
 
(0.02
)
 
—

 
—

Basic income (loss) per share attributable to The AES Corporation
$
(0.08
)
 
$
0.18

 
$
0.68

 
$
0.29

Diluted income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation, net of tax
$
(0.07
)
 
$
0.20

 
$
0.67

 
$
0.29

Discontinued operations attributable to The AES Corporation, net of tax
(0.01
)
 
(0.02
)
 
—

 
—

Diluted income (loss) per share attributable to The AES Corporation
$
(0.08
)
 
$
0.18

 
$
0.67

 
$
0.29

Dividends declared per common share
$
—

 
$
0.05

 
$
0.05

 
$
0.15

 
Quarter Ended 2013
 
Mar 31
 
June 30
 
Sept 30
 
Dec 31
 
(in millions, except per share data)
Revenue
$
4,150

 
$
3,945

 
$
3,996

 
$
3,800

Operating margin
749

 
901

 
927

 
670

Income (loss) from continuing operations, net of tax(3)
231

 
333

 
339

 
(173
)
Discontinued operations, net of tax
(32
)
 
—

 
(116
)
 
(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

 
$
0.23

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

 
(0.14
)
 
(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

 
$
0.23

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

 
(0.14
)
 
(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

(1)
Includes pretax impairment expense of $166 million, $107 million, $31 million and $79 million, for the first, second, third and fourth quarters of 2014, respectively. See Note 9—Other Non-Operating Expense, Note 10—Goodwill and Other Intangible Assets, and Note 21—Asset Impairment Expense for further discussion.
(2) 
Includes a pretax gain of approximately $283 million for the second quarter of 2014 related to the sale of a noncontrolling interest in Masinloc. See Note 16—Equity for further discussion. Includes pretax gain of approximately $78 million for the third quarter of 2014 related to the sale of the U.K. wind projects. See Note 24—Dispositions for further discussion. Includes pretax interest income of $59 million recognized on FONIVEMEM III receivables at AES Argentina in the fourth quarter of 2014. Also includes a pretax foreign currency derivative gain of $106 million recognized on the FONIVEMEM III receivables in the fourth quarter of 2014. See Note 7—Financing Receivables for further discussion. Includes pretax loss of $41 million recognized in Net equity in earnings of affiliates corresponding to the Company's share of an asset impairment at Elsta. See Note 8—Investments In And Advances To Affiliates for further discussion.
(3) 
Includes pretax impairment expense of $48 million, $0 million, $196 million and $352 million, for the first, second, third and fourth quarters of 2013, respectively. See Note 9—Other Non-Operating Expense, Note 10—Goodwill and Other Intangible Assets, and Note 21—Asset Impairment Expense for further discussion.