XML 118 R74.htm IDEA: XBRL DOCUMENT v3.22.0.1
Selected Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Quarterly Financial Data — The following tables summarize the unaudited quarterly Condensed Consolidated Statements of Operations for the Company for 2021 and 2020 (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 2021Mar 31Jun 30Sep 30Dec 31
Revenue$2,635 $2,700 $3,036 $2,770 
Operating margin664 728 760 559 
Income (loss) from continuing operations, net of tax (1)
(29)(81)485 (1,330)
Income from discontinued operations, net of tax— 4 — — 
Net income (loss)$(29)$(77)$485 $(1,330)
Net income (loss) attributable to The AES Corporation$(148)$28 $343 $(632)
Basic earnings (loss) per share:
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax$(0.22)$0.03 $0.52 $(0.95)
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax— 0.01 — — 
Net income (loss) attributable to The AES Corporation common stockholders$(0.22)$0.04 $0.52 $(0.95)
Diluted earnings (loss) per share:
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax$(0.22)$0.03 $0.48 $(0.95)
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax— 0.01 — — 
Net income (loss) attributable to The AES Corporation common stockholders$(0.22)$0.04 $0.48 $(0.95)
Dividends declared per common share$0.15 $— $0.15 $0.31 
Quarter Ended 2020Mar 31Jun 30Sep 30Dec 31
Revenue
$2,338 $2,217 $2,545 $2,560 
Operating margin507 524 756 906 
Income (loss) from continuing operations, net of tax (2)
229 — (481)401 
Income from discontinued operations, net of tax— 3 — — 
Net income (loss)$229 $3 $(481)$401 
Net income (loss) attributable to The AES Corporation$144 $(83)$(333)$318 
Basic earnings (loss) per share:
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax$0.22 $(0.13)$(0.50)$0.48 
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax— 0.01 — — 
Net income (loss) attributable to The AES Corporation common stockholders
$0.22 $(0.12)$(0.50)$0.48 
Diluted earnings (loss) per share:
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax$0.22 $(0.13)$(0.50)$0.47 
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax— 0.01 — — 
Net income (loss) attributable to The AES Corporation common stockholders
$0.22 $(0.12)$(0.50)$0.47 
Dividends declared per common share
$0.14 $— $0.14 $0.29 
_____________________________
(1)Includes pre-tax impairment expense of $473 million, $872 million, and $201 million in the first, second, and fourth quarters of 2021, respectively (See Note 22—Asset Impairment Expense), and pre-tax loss on sale of business interests of $1.8 billion, primarily due to the deconsolidation of Alto Maipo, in the fourth quarter of 2021 (See Note 24—Held-for-Sale and Dispositions).
(2)Includes pre-tax impairment expense of $849 million in the third quarter of 2020 (See Note 22—Asset Impairment Expense), other-than-temporary impairment of OPGC of $43 million and $158 million in the first and second quarters of 2020, respectively, and net equity in losses of affiliates, primarily at Guacolda, of $112 million in the third quarter of 2020 (See Note 8—Investments in and Advances to Affiliates).