XML 93 R37.htm IDEA: XBRL DOCUMENT v3.6.0.2
Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2016
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 Condensed Consolidated Statements of Operations for the Company for 2016 and 2015 (amounts in millions, except per share data). 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 2016
Mar 31
 
June 30
 
Sept 30
 
Dec 31
Revenue
$
3,271

 
$
3,229

 
$
3,542

 
$
3,544

Operating margin
509

 
574

 
688

 
662

Income (loss) from continuing operations, net of tax (1)
83

 
(8
)
 
230

 
56

(Loss) from discontinued operations, net of tax
(9
)
 
(379
)
 
(1
)
 
(749
)
Net income (loss)
$
74

 
$
(387
)
 
$
229

 
$
(693
)
Net income (loss) attributable to The AES Corporation
$
126

 
$
(482
)
 
$
175

 
$
(949
)
Basic income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation, net of tax
$
0.20

 
$
(0.16
)
 
$
0.26

 
$
(0.30
)
Income (loss) from discontinued operations attributable to The AES Corporation, net of tax
(0.01
)
 
(0.57
)
 
—

 
(1.14
)
Basic income (loss) per share attributable to The AES Corporation
$
0.19

 
$
(0.73
)
 
$
0.26

 
$
(1.44
)
Diluted income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation, net of tax
$
0.20

 
$
(0.16
)
 
$
0.26

 
$
(0.30
)
Income (loss) from discontinued operations attributable to The AES Corporation, net of tax
(0.01
)
 
(0.57
)
 
—

 
(1.14
)
Diluted income (loss) per share attributable to The AES Corporation
$
0.19

 
$
(0.73
)
 
$
0.26

 
$
(1.44
)
Dividends declared per common share
$
0.11

 
$
—

 
$
0.11

 
$
0.23

Quarter Ended 2015
Mar 31
 
June 30
 
Sept 30
 
Dec 31
Revenue
$
3,758

 
$
3,656

 
$
3,522

 
$
3,219

Operating margin
721

 
755

 
665

 
717

Income from continuing operations, net of tax (2)
261

 
274

 
198

 
54

Income (loss) from discontinued operations, net of tax
(7
)
 
(10
)
 
5

 
(13
)
Net income
$
254

 
$
264

 
$
203

 
$
41

Net income (loss) attributable to The AES Corporation
$
142

 
$
69

 
$
180

 
$
(85
)
Basic income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation, net of tax
$
0.21

 
$
0.11

 
$
0.26

 
$
(0.11
)
Income (loss) from discontinued operations attributable to The AES Corporation, net of tax
(0.01
)
 
(0.01
)
 
0.01

 
(0.02
)
Basic income (loss) per share attributable to The AES Corporation
$
0.20

 
$
0.10

 
$
0.27

 
$
(0.13
)
Diluted income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation, net of tax
$
0.21

 
$
0.11

 
$
0.26

 
$
(0.11
)
Income (loss) from discontinued operations attributable to The AES Corporation, net of tax
(0.01
)
 
(0.01
)
 
—

 
(0.02
)
Diluted income (loss) per share attributable to The AES Corporation
$
0.20

 
$
0.10

 
$
0.26

 
$
(0.13
)
Dividends declared per common share
$
—

 
$
0.10

 
$
0.10

 
$
0.21

_____________________________
(1) 
Includes pretax impairment expense of $159 million, $235 million, $79 million and $625 million, for the first, second, third and fourth quarters of 2016, respectively. See Note 20—Asset Impairment Expense for further discussion.
(2) 
Includes pretax impairment expense of $8 million, $37 million, $231 million and $326 million, for the first, second, third and fourth quarters of 2015, respectively. See Note 9—Goodwill and Other Intangible Assets and Note 20—Asset Impairment Expense for further discussion.