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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures $ 1,164   $ 1,164  
Revenue:        
Regulated 1,793 $ 1,785 5,157 $ 4,926
Non-Regulated 1,839 1,757 5,437 5,116
Total revenue 3,632 3,542 10,594 10,042
Cost of Sales:        
Regulated (1,574) (1,623) (4,640) (4,521)
Non-Regulated (1,347) (1,231) (3,980) (3,750)
Total cost of sales (2,921) (2,854) (8,620) (8,271)
Operating margin 711 688 1,974 1,771
General and administrative expenses (52) (40) (155) (135)
Interest expense (353) (354) (1,034) (1,086)
Interest income 101 110 291 365
Loss on extinguishment of debt (49) (16) (44) (12)
Other expense (47) (13) (95) (42)
Other income 18 18 105 43
Gain (loss) on disposal and sale of businesses (1) 0 (49) 30
Asset impairment expense (2) (79) (260) (473)
Foreign currency transaction gains (losses) 21 (20) 13 (16)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 347 294 746 445
Income tax expense (110) (75) (270) (165)
Net equity in earnings of affiliates 24 11 33 25
INCOME FROM CONTINUING OPERATIONS 261 230 509 305
Loss from operations of discontinued businesses, net of income tax benefit of $4 for the nine months ended September 30, 2016 0 (1) 0 (7)
Net loss from disposal and impairments of discontinued businesses, net of income tax benefit of $401 for the nine months ended September 30, 2016 0 0 0 (382)
NET INCOME (LOSS) 261 229 509 (84)
Less: Net income attributable to noncontrolling interests and redeemable stock of subsidiaries (109) (54) (328) (97)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION 152 175 181 (181)
AMOUNTS ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS:        
Income from continuing operations, net of tax 152 176 181 208
Loss from discontinued operations, net of tax 0 (1) 0 (389)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION $ 152 $ 175 $ 181 $ (181)
BASIC EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.23 $ 0.26 $ 0.28 $ 0.31
Loss from discontinued operations attributable to The AES Corporation common stockholders, net of tax 0.00 0.00 0.00 (0.59)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS 0.23 0.26 0.28 (0.28)
DILUTED EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax 0.23 0.26 0.27 0.31
Loss from discontinued operations attributable to The AES Corporation common stockholders, net of tax $ 0.00 $ 0.00 $ 0.00 $ (0.59)
DILUTED SHARES OUTSTANDING 663 662 662 662
DIVIDENDS DECLARED PER COMMON SHARE $ 0.12 $ 0.11 $ 0.24 $ 0.22
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.23 $ 0.26 $ 0.27 $ (0.28)