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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total Revenue $ 3,036 $ 2,545 $ 8,371 $ 7,100
Cost of Goods and Services Sold (2,276) (1,789) (6,219) (5,313)
Operating margin 760 756 2,152 1,787
General and administrative expenses (39) (41) (130) (119)
Interest expense (242) (290) (669) (741)
Interest income 71 64 212 198
Loss on extinguishment of debt (22) (54) (41) (95)
Other expense (12) (20) (32) (27)
Other income 48 6 274 60
Gain (loss) on disposal and sale of business interests 22 (90) 81 (117)
Asset impairment expense (29) (849) (1,374) (855)
Foreign currency transaction gains (losses) 29 2 (8) 20
Other non-operating expense 0 0 0 (202)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 586 (516) 465 (91)
Income tax benefit (expense) (126) 147 (75) (55)
Net equity in earnings (losses) of affiliates 25 (112) (15) (106)
INCOME (LOSS) FROM CONTINUING OPERATIONS 485 (481) 375 (252)
Gain from disposal of discontinued businesses 0 0 4 3
NET INCOME (LOSS) 485 (481) 379 (249)
Less: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries (142) 148 (156) (23)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION $ 343 $ (333) $ 223 $ (272)
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.52 $ (0.50) $ 0.32 $ (0.41)
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax $ 0 $ 0 $ 0.01 $ 0
Income (loss) from continuing operations, net of tax $ 343 $ (333) $ 219 $ (275)
Income from discontinued operations, net of tax $ 0 $ 0 $ 4 $ 3
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.48 $ (0.50) $ 0.31 $ (0.41)
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax 0 0 0.01 0
Earnings Per Share, Basic 0.52 (0.50) 0.33 (0.41)
Earnings Per Share, Diluted $ 0.48 $ (0.50) $ 0.32 $ (0.41)
DILUTED SHARES OUTSTANDING 710 665 700 665
BASIC EARNINGS PER SHARE:        
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.52 $ (0.50) $ 0.33 $ (0.41)
DILUTED EARNINGS PER SHARE:        
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.48 $ (0.50) $ 0.32 $ (0.41)
DILUTED SHARES OUTSTANDING 710 665 700 665
Electric Transmission [Member]        
Total Revenue $ 768 $ 680 $ 2,147 $ 2,016
Cost of Goods and Services Sold (644) (548) (1,806) (1,675)
Electricity, Generation [Member]        
Total Revenue 2,268 1,865 6,224 5,084
Cost of Goods and Services Sold $ (1,632) $ (1,241) $ (4,413) $ (3,638)