XML 27 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES:    
Net income $ 74 $ 254
Adjustments to net income:    
Depreciation and amortization 290 298
Gain on sale of businesses (47) (1)
Impairment expenses 161 8
Deferred income taxes 31 (12)
(Reversals of) provisions for contingencies (1) 14
(Gain) loss on extinguishment of debt (4) 23
Other (3) 65
Changes in operating assets and liabilities    
(Increase) decrease in accounts receivable 37 (337)
(Increase) decrease in inventory (24) (35)
(Increase) decrease in prepaid expenses and other current assets 274 68
(Increase) decrease in other assets (21) (290)
Increase (decrease) in accounts payable and other current liabilities (72) 273
Increase (decrease) in income tax payables, net and other tax payables (148) (15)
Increase (decrease) in other liabilities 93 124
Net cash provided by operating activities 640 437
INVESTING ACTIVITIES:    
Capital expenditures (640) (619)
Acquisitions, net of cash acquired (6) (17)
Proceeds from the sale of businesses, net of cash sold 115 0
Sale of short-term investments 1,603 1,076
Purchase of short-term investments (1,708) (1,054)
Decrease (increase) in restricted cash, debt service reserves and other assets 96 (75)
Other investing (8) (31)
Net cash used in investing activities (548) (720)
FINANCING ACTIVITIES:    
Borrowings under the revolving credit facilities 248 101
Repayments under the revolving credit facilities (116) (62)
Repayments of recourse debt (116) (336)
Issuance of non-recourse debt 161 574
Repayments of non-recourse debt (248) (269)
Payments for financing fees (11) (9)
Distributions to noncontrolling interests (78) (19)
Contributions from noncontrolling interests 28 67
Proceeds from the sale of redeemable stock of subsidiaries 134 247
Dividends paid on AES common stock (73) (70)
Payments for financed capital expenditures (10) (42)
Purchase of treasury stock (79) (35)
Other financing (20) (34)
Net cash (used in) provided by financing activities (180) 113
Effect of exchange rate changes on cash 7 (27)
Increase (decrease) in cash of held-for-sale businesses 4 (5)
Total decrease in cash and cash equivalents (77) (202)
Cash and cash equivalents, beginning 1,262 1,539
Cash and cash equivalents, ending 1,185 1,337
SUPPLEMENTAL DISCLOSURES:    
Cash payments for interest, net of amounts capitalized 228 242
Cash payments for income taxes, net of refunds 182 103
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Assets acquired through capital lease and other liabilities 3 5
Dividends declared but not yet paid $ 75 $ 0