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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 1,417 $ 1,029
Restricted cash 364 336
Short-term investments 422 400
Accounts receivable, net of allowance for doubtful accounts of $18 and $20, respectively 1,414 1,479
Inventory 504 487
Prepaid expenses 92 80
Other current assets, net of allowance of $2 and $0, respectively 880 802 [1]
Current held-for-sale assets 873 618
Total current assets 5,966 5,231
Property, Plant and Equipment:    
Land 411 447
Electric generation, distribution assets and other 26,925 25,383
Accumulated depreciation (8,623) (8,505)
Construction in progress 4,123 5,249
Property, plant and equipment, net 22,836 22,574
Other Assets:    
Investments in and advances to affiliates 802 966
Debt service reserves and other deposits 326 207
Goodwill 1,059 1,059
Other intangible assets, net of accumulated amortization of $323 and $307, respectively 566 469
Deferred income taxes 204 156
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent 1,280 1,351
Other noncurrent assets, net of allowance of $27 and $0, respectively 1,527 1,635 [2]
Total other assets 5,764 5,843
TOTAL ASSETS 34,566 33,648
CURRENT LIABILITIES    
Accounts payable 1,207 1,311
Accrued interest 183 201
Accrued non-income taxes 244 253
Accrued and other liabilities 1,247 1,021
Non-recourse debt, including $340 and $337, respectively, related to variable interest entities 2,041 1,868
Current held-for-sale liabilities 526 442
Total current liabilities 5,448 5,096
NONCURRENT LIABILITIES    
Recourse debt 3,693 3,391
Non-recourse debt, including $4,375 and $3,872, respectively, related to variable interest entities 15,639 14,914
Deferred income taxes 1,166 1,213
Other noncurrent liabilities 3,103 2,917
Total noncurrent liabilities 23,601 22,435
Redeemable Noncontrolling Interest, Equity, Carrying Amount 875 888
THE AES CORPORATION STOCKHOLDERS’ EQUITY    
Common stock ($0.01 par value, 1,200,000,000 shares authorized; 817,964,353 issued and 664,935,827 outstanding at June 30, 2020 and 817,843,916 issued and 663,952,656 outstanding at December 31, 2019) 8 8
Additional paid-in capital 7,670 7,776
Accumulated deficit (665) (692)
Accumulated other comprehensive loss (2,693) (2,229)
Treasury stock, at cost (153,028,526 and 153,891,260 shares at June 30, 2020 and December 31, 2019, respectively) (1,858) (1,867)
Total AES Corporation stockholders’ equity 2,462 2,996
NONCONTROLLING INTERESTS 2,180 2,233
Total equity 4,642 5,229
TOTAL LIABILITIES AND EQUITY $ 34,566 $ 33,648
[1]
Other current assets include the short-term portion of the Mong Duong loan receivable.
[2]
Other noncurrent assets include Argentina financing receivables.