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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 949 $ 1,244
Restricted cash 274 277
Short-term investments 424 530
Accounts receivable, net of allowance for doubtful accounts of $10 and $17, respectively 1,463 1,421
Inventory 562 622
Prepaid expenses 62 72
Other current assets 630 657
Current assets of discontinued operations and held-for-sale businesses 2,034 1,593
Total current assets 6,398 6,416
Property, Plant and Equipment:    
Land 502 518
Electric generation, distribution assets and other 24,119 24,911
Accumulated depreciation (7,942) (7,919)
Construction in progress 3,617 2,905
Property, plant and equipment, net 20,296 20,415
Other Assets:    
Investments in and advances to affiliates 1,197 621
Debt service reserves and other deposits 565 438
Goodwill 1,059 1,157
Other intangible assets, net of accumulated amortization of $441 and $399, respectively 366 287
Deferred income taxes 130 227
Service concession assets, net of accumulated amortization of $206 and $114, respectively 1,360 1,445
Other noncurrent assets 1,741 1,775
Noncurrent assets of discontinued operations and held-for-sale businesses 0 3,343
Total other assets 6,418 9,293
TOTAL ASSETS 33,112 36,124
CURRENT LIABILITIES    
Accounts payable 1,371 1,238
Accrued interest 228 216
Accrued and other liabilities 1,232 1,117
Non-recourse debt, including $1,012 and $273, respectively, related to variable interest entities 2,164 1,052
Current liabilities of discontinued operations and held-for-sale businesses 1,033 1,654
Total current liabilities 6,028 5,277
NONCURRENT LIABILITIES    
Non-recourse debt, including $1,358 and $1,502 respectively, related to variable interest entities 13,176 13,731
Recourse debt 4,625 4,671
Deferred income taxes 1,006 804
Pension and other postretirement liabilities 230 237
Other noncurrent liabilities 2,365 2,327
Noncurrent liabilities of discontinued operations and held-for-sale businesses 0 2,595
Total noncurrent liabilities 21,402 24,365
Commitments and Contingencies (see Notes 11 and 12)
Redeemable stock of subsidiaries 837 782
THE AES CORPORATION STOCKHOLDERS’ EQUITY    
Common stock ($0.01 par value, 1,200,000,000 shares authorized; 816,312,913 issued and 660,388,128 outstanding at December 31, 2017 and 816,061,123 issued and 659,182,232 outstanding at December 31, 2016) 8 8
Additional paid-in capital 8,501 8,592
Accumulated deficit (2,276) (1,146)
Accumulated other comprehensive loss (1,876) (2,756)
Treasury stock, at cost (155,924,785 and 156,878,891 shares at December 31, 2017 and 2016, respectively) (1,892) (1,904)
Total AES Corporation stockholders’ equity 2,465 2,794
NONCONTROLLING INTERESTS 2,380 2,906
Total equity 4,845 5,700
TOTAL LIABILITIES AND EQUITY $ 33,112 $ 36,124