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Selected Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information The following tables summarize the unaudited quarterly Condensed Consolidated Statements of Operations for the Company for 2018 and 2017 (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 2018
Mar 31
 
Jun 30
 
Sep 30
 
Dec 31
Revenue
$
2,740

 
$
2,537

 
$
2,837

 
$
2,622

Operating margin
656

 
600

 
671

 
646

Income from continuing operations, net of tax (1)
778

 
224

 
192

 
155

Income (loss) from discontinued operations, net of tax (2)
(1
)
 
192

 
(1
)
 
26

Net income
$
777

 
$
416

 
$
191

 
$
181

Net income attributable to The AES Corporation
$
684

 
$
290

 
$
101

 
$
128

Basic earnings per share:
 
 
 
 
 
 
 
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax
$
1.04

 
$
0.15

 
$
0.15

 
$
0.15

Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax

 
0.29

 

 
0.04

Net income attributable to The AES Corporation common stockholders
$
1.04

 
$
0.44

 
$
0.15

 
$
0.19

Diluted earnings per share:
 
 
 
 
 
 
 
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax
$
1.03

 
$
0.15

 
$
0.15

 
$
0.15

Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax

 
0.29

 

 
0.04

Net income attributable to The AES Corporation common stockholders
$
1.03

 
$
0.44

 
$
0.15

 
$
0.19

Dividends declared per common share
$
0.13

 
$

 
$
0.13

 
$
0.27

Quarter Ended 2017
Mar 31
 
Jun 30
 
Sep 30
 
Dec 31
Revenue
$
2,581

 
$
2,613

 
$
2,693

 
$
2,643

Operating margin
557

 
623

 
640

 
645

Income (loss) from continuing operations, net of tax (3)
97

 
142

 
235

 
(622
)
Income (loss) from discontinued operations, net of tax (4)
1

 
8

 
26

 
(664
)
Net income (loss)
$
98

 
$
150

 
$
261

 
$
(1,286
)
Net income (loss) attributable to The AES Corporation
$
(24
)
 
$
53

 
$
152

 
$
(1,342
)
Basic earnings (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax
$
(0.04
)
 
$
0.08

 
$
0.22

 
$
(1.03
)
Income (loss) from discontinued operations attributable to The AES Corporation common stockholders, net of tax

 

 
0.01

 
(1.00
)
Net income (loss) attributable to The AES Corporation common stockholders
$
(0.04
)
 
$
0.08

 
$
0.23

 
$
(2.03
)
Diluted earnings per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax
$
(0.04
)
 
$
0.08

 
$
0.22

 
$
(1.03
)
Income (loss) from discontinued operations attributable to The AES Corporation common stockholders, net of tax

 

 
0.01

 
(1.00
)
Net income (loss) attributable to The AES Corporation common stockholders
$
(0.04
)
 
$
0.08

 
$
0.23

 
$
(2.03
)
Dividends declared per common share
$
0.12

 
$

 
$
0.12

 
$
0.25

_____________________________
(1) 
Includes pre-tax gains on sales of business interests of $788 million, $89 million and $128 million, in the first, second and fourth quarters of 2018, respectively, and pre-tax losses of $21 million in the third quarter of 2018 (See Note 23Held-for-Sale and Dispositions), pre-tax impairment expense of $92 million, $74 million and $42 million, in the second, third and fourth quarters of 2018, respectively (See Note 20Asset Impairment Expense), other-than-temporary impairment of Guacolda of $144 million in the fourth quarter of 2018 (See Note 7Investments in and Advances to Affiliates), SAB 118 charges to finalize the provisional estimate of one-time transition tax on foreign earnings of $33 million and $161 million in the third and fourth quarters of 2018, respectively, and a SAB 118 income tax benefit to finalize the provisional estimate of remeasurement of deferred tax assets and liabilities to the lower corporate tax rate of $77 million in the fourth quarter of 2018 (See Note 21Income Taxes).
(2) 
Includes gain on sale of Eletropaulo of $199 million in the second quarter of 2018 (See Note 22Discontinued Operations).
(3) 
Includes provisional tax expense related to a one-time transition tax on foreign earnings of $675 million and the remeasurement of deferred tax assets and liabilities to the lower corporate tax rate of $39 million in the fourth quarter of 2017 (See Note 21Income Taxes), pre-tax impairment expense of $168 million, $90 million and $277 million, in the first, second and fourth quarters of 2017, respectively (See Note 20Asset Impairment Expense), and pre-tax losses on sales of business interests of $48 million in second quarter of 2017 (See Note 23Held-for-Sale and Dispositions).
(4) 
Includes loss on deconsolidation of Eletropaulo of $611 million in the fourth quarter of 2017 (See Note 22Discontinued Operations).