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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 1,374 $ 943
Restricted cash 536 304
Short-term investments 730 232
Accounts receivable, net of allowance for doubtful accounts of $5 and $5, respectively 1,799 1,418
Inventory 1,055 604
Prepaid expenses 98 142
Other current assets, net of CECL allowance of $2 and $0, respectively 1,533 897
Current held-for-sale assets 518 816
Total current assets 7,643 5,356
Property, Plant and Equipment:    
Land 470 426
Electric generation, distribution assets and other 26,599 25,552
Accumulated depreciation (8,651) (8,486)
Construction in progress 4,621 2,414
Property, plant and equipment, net 23,039 19,906
Other Assets:    
Investments in and advances to affiliates 952 1,080
Debt service reserves and other deposits 177 237
Goodwill 362 1,177
Other intangible assets, net of accumulated amortization of $434 and $385, respectively 1,841 1,450
Deferred Tax Assets, Tax Deferred Expense 319 409
Loan receivable, net of allowance of $26 1,051 0
Other noncurrent assets, net of allowance of $51 and $23, respectively 2,979 2,188
Noncurrent held-for-sale assets 0 1,160
Total other assets 7,681 7,701
TOTAL ASSETS 38,363 32,963
CURRENT LIABILITIES    
Accounts payable 1,730 1,153
Accrued interest 249 182
Accrued non-income taxes 249 266
Accrued and other liabilities 2,151 1,205
Non-recourse debt, including $416 and $302, respectively, related to variable interest entities 1,758 1,367
Current held-for-sale liabilities 354 559
Total current liabilities 6,491 4,732
NONCURRENT LIABILITIES    
Recourse debt 3,894 3,729
Non-recourse debt, including $2,295 and $2,223, respectively, related to variable interest entities 17,846 13,603
Deferred income taxes 1,139 977
Other noncurrent liabilities 3,168 3,358
Noncurrent held-for-sale liabilities 0 740
Total noncurrent liabilities 26,047 22,407
Commitments and Contingencies (see Notes 12 and 13)
Redeemable stock of subsidiaries 1,321 1,257
THE AES CORPORATION STOCKHOLDERS’ EQUITY    
Preferred stock (without par value, 50,000,000 shares authorized; 1,043,050 issued and outstanding at December 31, 2022 and December 31, 2021) 838 838
Common stock ($0.01 par value, 1,200,000,000 shares authorized; 818,790,001 issued and 668,743,464 outstanding at December 31, 2022 and 818,717,043 issued and 666,793,625 outstanding at December 31, 2021) 8 8
Additional paid-in capital 6,688 7,106
Accumulated deficit (1,635) (1,089)
Accumulated other comprehensive loss (1,640) (2,220)
Treasury stock, at cost (150,046,537 and 151,923,418 shares at December 31, 2022 and December 31, 2021, respectively) (1,822) (1,845)
Total AES Corporation stockholders’ equity 2,437 2,798
NONCONTROLLING INTERESTS 2,067 1,769
Total equity 4,504 4,567
TOTAL LIABILITIES AND EQUITY 38,363 32,963
Consolidated Variable Interest Entities [Member]    
CURRENT LIABILITIES    
Non-recourse debt, including $416 and $302, respectively, related to variable interest entities 416 302
NONCURRENT LIABILITIES    
Non-recourse debt, including $2,295 and $2,223, respectively, related to variable interest entities $ 2,295 $ 2,223