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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total Revenue $ 3,627 $ 3,036 $ 9,557 $ 8,371
Cost of Goods and Services Sold (2,735) (2,276) (7,572) (6,219)
Operating margin 892 760 1,985 2,152
General and administrative expenses (51) (39) (149) (130)
Interest expense (276) (242) (813) (669)
Interest income 100 71 270 212
Loss on extinguishment of debt (1) (22) (8) (41)
Other expense (10) (12) (51) (32)
Other income 4 48 80 274
Gain on disposal and sale of business interests 1 22 0 81
Asset impairment expense (50) (29) (533) (1,374)
Foreign currency transaction gains (losses) 8 29 (60) (8)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 617 586 721 465
Income tax expense (145) (126) (186) (75)
Net equity in earnings (losses) of affiliates (26) 25 (54) (15)
INCOME FROM CONTINUING OPERATIONS 446 485 481 375
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 0 0 4
NET INCOME 446 485 481 379
Less: Net income attributable to noncontrolling interests and redeemable stock of subsidiaries (25) (142) (124) (156)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION $ 421 $ 343 $ 357 $ 223
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.63 $ 0.52 $ 0.53 $ 0.32
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax $ 0 $ 0 $ 0 $ 0.01
Income from continuing operations, net of tax $ 421 $ 343 $ 357 $ 219
Income from discontinued operations, net of tax $ 0 $ 0 $ 0 $ 4
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.59 $ 0.48 $ 0.50 $ 0.31
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax 0 0 0 0.01
Earnings Per Share, Basic 0.63 0.52 0.53 0.33
Earnings Per Share, Diluted $ 0.59 $ 0.48 $ 0.50 $ 0.32
DILUTED SHARES OUTSTANDING 711 711 711 701
BASIC EARNINGS PER SHARE:        
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.63 $ 0.52 $ 0.53 $ 0.33
DILUTED EARNINGS PER SHARE:        
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.59 $ 0.48 $ 0.50 $ 0.32
DILUTED SHARES OUTSTANDING 711 711 711 701
Electric Transmission [Member]        
Total Revenue $ 976 $ 768 $ 2,613 $ 2,147
Cost of Goods and Services Sold (896) (644) (2,335) (1,806)
Electricity, Generation [Member]        
Total Revenue 2,651 2,268 6,944 6,224
Cost of Goods and Services Sold $ (1,839) $ (1,632) $ (5,237) $ (4,413)