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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total Revenue $ 3,078 $ 2,700 $ 5,930 $ 5,335
Cost of Goods and Services Sold (2,515) (1,972) (4,837) (3,943)
Operating margin 563 728 1,093 1,392
General and administrative expenses (46) (45) (98) (91)
Interest expense (279) (237) (537) (427)
Interest income 95 73 170 141
Loss on extinguishment of debt (1) (18) (7) (19)
Other expense (29) (4) (41) (20)
Other income 70 183 76 226
Gain (loss) on disposal and sale of business interests (2) 64 (1) 59
Asset impairment expense (482) (872) (483) (1,345)
Foreign currency transaction gains (losses) (49) (2) (68) (37)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES (160) (130) 104 (121)
Income tax benefit (expense) 19 59 (41) 51
Net equity in earnings (losses) of affiliates 5 (10) (28) (40)
INCOME (LOSS) FROM CONTINUING OPERATIONS (136) (81) 35 (110)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 4 0 4
NET INCOME (LOSS) (136) (77) 35 (106)
Less: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries (43) 105 (99) (14)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION $ (179) $ 28 $ (64) $ (120)
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax $ (0.27) $ 0.03 $ (0.10) $ (0.19)
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax $ 0 $ 0.01 $ 0 $ 0.01
Income (loss) from continuing operations, net of tax $ (179) $ 24 $ (64) $ (124)
Income from discontinued operations, net of tax $ 0 $ 4 $ 0 $ 4
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax $ (0.27) $ 0.03 $ (0.10) $ (0.19)
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax 0 0.01 0 0.01
Earnings Per Share, Basic (0.27) 0.04 (0.10) (0.18)
Earnings Per Share, Diluted $ (0.27) $ 0.04 $ (0.10) $ (0.18)
DILUTED SHARES OUTSTANDING 668 671 668 666
BASIC EARNINGS PER SHARE:        
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ (0.27) $ 0.04 $ (0.10) $ (0.18)
DILUTED EARNINGS PER SHARE:        
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ (0.27) $ 0.04 $ (0.10) $ (0.18)
DILUTED SHARES OUTSTANDING 668 671 668 666
Electric Transmission [Member]        
Total Revenue $ 802 $ 672 $ 1,637 $ 1,379
Cost of Goods and Services Sold (734) (580) (1,439) (1,162)
Electricity, Generation [Member]        
Total Revenue 2,276 2,028 4,293 3,956
Cost of Goods and Services Sold $ (1,781) $ (1,392) $ (3,398) $ (2,781)