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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES:    
Net income $ 481 $ 379
Adjustments to net income:    
Depreciation and amortization 800 795
Gain on disposal and sale of business interests 0 (81)
Impairment expense 533 1,374
Deferred income taxes 0 (77)
Loss on extinguishment of debt 8 41
Gain on remeasurement to acquisition date fair value 0 (220)
Loss of affiliates, net of dividends 78 28
Emissions Allowance Expense 319 209
Other 36 145
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (409) (118)
(Increase) decrease in inventory (361) (70)
(Increase) decrease in prepaid expenses and other current assets (116) (36)
(Increase) decrease in other assets 251 25
Increase (decrease) in accounts payable and other current liabilities 108 (257)
Increase (decrease) in income tax payables, net and other tax payables (131) (375)
Increase (decrease) in deferred income 48 (360)
Increase (decrease) in other liabilities 4 (23)
Net cash provided by operating activities 1,649 1,379
INVESTING ACTIVITIES:    
Capital expenditures (2,711) (1,534)
Payments to Acquire Businesses and Interest in Affiliates 114 93
Proceeds from Divestiture of Businesses and Interests in Affiliates 1 91
Sale of short-term investments 654 525
Purchase of short-term investments (1,091) (372)
Contributions and loans to equity affiliates (202) (321)
Proceeds from Collection of Advance to Affiliate 71 195
Payments to Acquire Intangible Assets (415) (179)
Other investing (18) (40)
Net cash used in investing activities (3,825) (1,728)
FINANCING ACTIVITIES:    
Borrowings under the revolving credit facilities 4,214 1,251
Repayments under the revolving credit facilities (2,782) (1,031)
Issuance of recourse debt 200 7
Repayments of recourse debt (29) (7)
Issuance of non-recourse debt 3,554 978
Repayments of non-recourse debt (1,772) (1,342)
Payments for financing fees (83) (19)
Distributions to noncontrolling interests (129) (173)
Acquisitions of noncontrolling interests (541) (17)
Contributions from noncontrolling interests 122 95
Sales to Noncontrolling Interests 336 81
Issuance of Preferred Shares in Subsidiaries 60 151
Issuance of preferred stock 0 1,014
Dividends paid on AES common stock (316) (301)
Payments for financed capital expenditures (23) (6)
Other financing 52 (160)
Net cash provided by financing activities 2,863 521
Effect of exchange rate changes on cash, cash equivalents and restricted cash (44) (25)
Net Cash Change Of Discontinued And Held For Sale Businesses (93) 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 550 147
Cash, cash equivalents and restricted cash, beginning 1,484 1,827
Cash, cash equivalents and restricted cash, ending 2,034 1,974
SUPPLEMENTAL DISCLOSURES:    
Cash payments for interest, net of amounts capitalized 654 576
Cash payments for income taxes, net of refunds 203 407
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Notes payable issued for the acquisition of business interests (see Notes 11 and 18) 0 258
AES Clean Energy Subsidiary | Non-cash [Member]    
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Non-cash consideration transferred for AES Clean Energy acquisitions (see Note 18) $ 0 $ 99