XML 137 R172.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Selected Quarterly Financial Data (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 06, 2019
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Gain (Loss) on Disposition of Business           $ 128 $ (21) $ 89 $ 788 $ 28 $ 984 $ (52)
Other Asset Impairment Charges   $ 69   $ 116   42 74 92   185 208 537
Revenues   2,431 $ 2,625 2,483 $ 2,650 2,622 2,837 2,537 2,740 10,189 10,736 10,530
Net equity in earnings (losses) of affiliates   (175)               (172) 39 71
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax                   1 225 (611)
Selected Quarterly Financial Information [Abstract]                        
Operating margin   560 701 502 586 646 671 600 656 2,349 2,573 2,465
Income (Loss) from Continuing Operations, net of Tax   (120) [1] 298 66 [1] 233 155 [2] 192 [2] 224 [2] 778 [2] 477 1,349 (148)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest   0 0 1 0 26 (1) 192 [3] (1)      
NET INCOME (LOSS)   (120) 298 67 233 181 191 416 777 478 1,565 (777)
Net income (loss) attributable to The AES Corporation   $ (78) $ 210 $ 17 $ 154 $ 128 $ 101 $ 290 $ 684 $ 303 $ 1,203 $ (1,161)
Basic earnings (loss) per share:                        
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax   $ (0.12) $ 0.32 $ 0.02 $ 0.23 $ 0.15 $ 0.15 $ 0.15 $ 1.04 $ 0.46 $ 1.49 $ (0.77)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share   0 0 0 0 0.04 0 0.29 0 0 0.33 (0.99)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS   (0.12) 0.32 0.02 0.23 0.19 0.15 0.44 1.04 0.46 1.82 (1.76)
Diluted earnings (loss) per share:                        
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax   (0.12) 0.32 0.02 0.23 0.15 0.15 0.15 1.03 0.45 1.48 (0.77)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share   0 0 0 0 0.04 0 0.29 0 0 0.33 (0.99)
Earnings Per Share, Diluted   (0.12) 0.32 0.02 0.23 0.19 0.15 0.44 1.03 0.45 1.81 (1.76)
Dividends declared per common share $ 0.1433 $ 0.28 $ 0.14 $ 0 $ 0.14 $ 0.27 $ 0.13 $ 0 $ 0.13 $ 0.5528 $ 0.5300 $ 0.4900
OPGC Affiliate [Member]                        
Equity Method Investment, Other than Temporary Impairment   $ 92                    
Guacolda Affiliate [Member]                        
Equity Method Investment, Other than Temporary Impairment                     $ 144  
Eletropaulo Subsidiary [Member]                        
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax               $ 199        
Deconsolidation, Gain (Loss), Amount                       $ (611)
UNITED STATES                        
Tax Cuts and Jobs Act, Income Tax Expense (Benefit)           $ 161 $ 33       194  
Tax Cuts and Jobs Act, Measurement Period Adjustment, Income Tax Expense (Benefit)           $ (77)       $ (17) (77)  
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability                     $ (38)  
[1]
Includes pre-tax impairment expense of $116 million and $69 million, in the second and fourth quarters of 2019, respectively (See Note 22Asset Impairment Expense), other-than-temporary impairment of OPGC of $92 million and net equity in losses of affiliates, primarily at Guacolda, of $175 million, in the fourth quarter of 2019 (See Note 8Investments in and Advances to Affiliates).
[2]
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 25Held-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 22Asset Impairment Expense), other-than-temporary impairment of Guacolda of $144 million in the fourth quarter of 2018 (See Note 8Investments 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 23Income Taxes).
[3]
Includes gain on sale of Eletropaulo of $199 million in the second quarter of 2018 (See Note 24Discontinued Operations).