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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES:      
Net income (loss) $ (951) $ 152 $ 478
Adjustments to net income (loss):      
Depreciation and amortization 1,056 1,068 1,045
Loss (gain) on disposal and sale of business interests 1,683 95 (28)
Impairment expense 1,575 1,066 277
Deferred income taxes (406) (233) (8)
Provisions for (reversals of) contingencies 10 186 (3)
Loss on extinguishment of debt 78 186 169
Gain on remeasurement to acquisition date fair value (254) 0 0
Loss of affiliates, net of dividends 36 128 194
Emissions allowance expense 337 135 143
Other 120 54 232
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (170) 48 73
(Increase) decrease in inventory (93) (20) 28
(Increase) decrease in prepaid expenses and other current assets (168) 13 42
(Increase) decrease in other assets (285) (134) (20)
Increase (decrease) in accounts payable and other current liabilities (251) (186) (6)
Increase (decrease) in income tax payables, net and other tax payables (271) 59 (83)
Increase (decrease) in deferred income (314) 431 28
Increase (decrease) in other liabilities 190 79 (101)
Net cash provided by operating activities 1,902 2,755 2,466
INVESTING ACTIVITIES:      
Capital expenditures (2,116) (1,900) (2,405)
Acquisitions of business interests, net of cash and restricted cash acquired (658) (136) (192)
Proceeds from the sale of business interests, net of cash and restricted cash sold 95 169 178
Sale of short-term investments 616 627 666
Purchase of short-term investments (519) (653) (770)
Contributions and loans to equity affiliates (427) (332) (324)
Affiliate repayments and returns of capital 320 158 131
Purchase of emissions allowances 265 188 137
Other investing (97) (40) 132
Net cash used in investing activities (3,051) (2,295) (2,721)
FINANCING ACTIVITIES:      
Borrowings under the revolving credit facilities 2,802 2,420 2,026
Repayments under the revolving credit facilities (2,420) (2,479) (1,735)
Issuance of recourse debt 7 3,419 0
Repayments of recourse debt (26) (3,366) (450)
Issuance of non-recourse debt 1,644 4,680 5,828
Repayments of non-recourse debt (2,012) (4,136) (4,831)
Payments for financing fees (32) (107) (126)
Distributions to noncontrolling interests (284) (422) (427)
Acquisitions of noncontrolling interests 117 259 0
Contributions from noncontrolling interests 365 1 17
Sales to noncontrolling interests 173 553 128
Issuance of preferred shares in subsidiaries 153 112 0
Issuance of preferred stock 1,014 0 0
Dividends paid on AES common stock (401) (381) (362)
Payments for financed capital expenditures (24) (60) (146)
Other financing (45) (53) (8)
Net cash provided by (used in) financing activities 797 (78) (86)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (46) (24) (18)
(Increase) decrease in cash, cash equivalents and restricted cash of held-for-sale businesses 55 (103) (72)
Total increase (decrease) in cash, cash equivalents and restricted cash (343) 255 (431)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning 1,827 1,572 2,003
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending 1,484 1,827 1,572
SUPPLEMENTAL DISCLOSURES:      
Cash payments for interest, net of amounts capitalized 815 908 946
Cash payments for income taxes, net of refunds 459 333 363
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Dividends declared but not yet paid 105 100 95
Notes payable issued for the acquisition of business interests (see Notes 17 and 25) 258 47 0
Refinancing of non-recourse debt at Mong Duong 0 0 1,081
sPower [Member]      
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Partial reinvestment of consideration from the sPower transaction 0 0 58
Fluence [Member] | Non-cash [Member]      
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Contribution of Property 0 0 61
AES Clean Energy | Non-cash [Member]      
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Contribution of Property $ 118 $ 0 $ 0