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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Regulated $ 2,008 $ 2,116 $ 4,088 $ 4,258
Non-Regulated 1,850 2,195 3,754 4,315
Total revenue 3,858 4,311 7,842 8,573
Cost of Sales:        
Regulated (1,634) (1,844) (3,441) (3,776)
Non-Regulated (1,470) (1,648) (2,926) (3,184)
Total cost of sales (3,104) (3,492) (6,367) (6,960)
Operating margin 754 819 1,475 1,613
General and administrative expenses (50) (52) (105) (103)
Interest expense (310) (323) (673) (696)
Interest income 133 73 223 136
Loss on extinguishment of debt (122) (15) (145) (149)
Other expense (14) (17) (34) (25)
Other income 15 33 31 45
Goodwill impairment expense 0 0 0 (154)
Asset impairment expense (37) (63) (45) (75)
Foreign currency transaction gains (losses) 15 7 (8) (12)
Other non-operating expense 0 (44) 0 (44)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 384 418 719 536
Income tax expense (120) (157) (216) (211)
Net equity in earnings of affiliates 0 20 15 45
INCOME FROM CONTINUING OPERATIONS 264 281 518 370
Income from operations of discontinued businesses, net of income tax expense of $0, $8, $0 and $22, respectively 0 7 0 27 [1]
Net loss from disposal and impairments of discontinued businesses, net of income tax expense (benefit) of $0, $5, $0 and $4, respectively 0 (13) 0 (56) [1]
NET INCOME 264 275 518 341
Noncontrolling interests:        
Less: (Income) from continuing operations attributable to noncontrolling interests (195) (139) (307) (275)
Less: (Income) loss from discontinued operations attributable to noncontrolling interests 0 (3) 0 9
Total net income attributable to noncontrolling interests (195) (142) (307) (266)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION 69 133 211 75
AMOUNTS ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS:        
Income from continuing operations, net of tax 69 142 211 95
Loss from discontinued operations, net of tax 0 (9) 0 (20)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION 69 $ 133 211 75
Treasury Stock, Value, Acquired, Cost Method $ 271   $ 307 $ 32
BASIC EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.10 $ 0.20 $ 0.30 $ 0.13
Loss from discontinued operations attributable to The AES Corporation common stockholders, net of tax 0.00 (0.02) 0.00 (0.03)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS 0.10 0.18 0.30 0.10
DILUTED EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax 0.10 0.20 0.30 0.13
Loss from discontinued operations attributable to The AES Corporation common stockholders, net of tax 0.00 (0.02) 0.00 (0.03)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.10 $ 0.18 $ 0.30 $ 0.10
DILUTED SHARES OUTSTANDING (in shares) 695 728 701 728
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.10 $ 0.05 $ 0.10 $ 0.05
[1] Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in millions)Revenue$— $104 $— $233Income from operations of discontinued businesses, before income tax$— $15 $— $49Income tax expense— (8) — (22)Income from operations of discontinued businesses, after income tax$— $7 $— $27Net loss from disposal & impairments of discontinued businesses, after income tax$— $(13) $— $(56)