XML 60 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
Regulated $ 6,629 $ 6,852 $ 7,852
Non-Regulated 6,957 7,303 8,272
Total revenue 13,586 14,155 16,124
Cost of Sales:      
Regulated (6,078) (5,764) (6,615)
Non-Regulated (5,075) (5,533) (6,529)
Total cost of sales (11,153) (11,297) (13,144)
Operating margin 2,433 2,858 2,980
General and administrative expenses (194) (196) (187)
Interest expense (1,431) (1,344) (1,451)
Interest income 464 460 320
Loss on extinguishment of debt (13) (182) (261)
Other expense (103) (58) (65)
Other income 65 82 121
Gain on disposal and sale of businesses 29 29 358
Goodwill impairment expense 0 (317) (164)
Asset impairment expense (1,096) (285) (91)
Foreign currency transaction gains (losses) (15) 107 11
Other non-operating expense (2) 0 (128)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 137 1,154 1,443
Income tax benefit (expense) 188 (472) (371)
Net equity in earnings of affiliates 36 105 19
INCOME FROM CONTINUING OPERATIONS 361 787 1,091
Income (loss) from operations of discontinued businesses, net of income tax benefit (expense) of $9, $7, and $(71), respectively (19) (25) 111
Net loss from disposal and impairments of discontinued businesses, net of income tax benefit (expense) of $266, $0, and $(4), respectively (1,119) 0 (55)
NET INCOME (LOSS) (777) 762 1,147
Noncontrolling interests:      
Less: Net (income) attributable to noncontrolling interests (364) (456) (386)
Less: Net loss attributable to redeemable stocks of subsidiaries 11 0 0
Plus: Loss from discontinued operations attributable to noncontrolling interests 0 0 8
Total net income attributable to noncontrolling interests (353) (456) (378)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION (1,130) 306 769
AMOUNTS ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS:      
Income from continuing operations, net of tax 8 331 705
Income (loss) from discontinued operations, net of tax (1,138) (25) 64
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION $ (1,130) $ 306 $ 769
BASIC EARNINGS PER SHARE:      
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.00 $ 0.48 $ 0.98
Income (loss) from discontinued operations attributable to The AES Corporation common stockholders, net of tax (1.72) (0.03) 0.09
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS (1.72) 0.45 1.07
DILUTED EARNINGS PER SHARE:      
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax 0.00 0.48 0.97
Income (loss) from discontinued operations attributable to The AES Corporation common stockholders, net of tax (1.71) (0.04) 0.09
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS (1.71) 0.44 1.06
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.45 $ 0.41 $ 0.25