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Consolidated Statements of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
OPERATING ACTIVITIES:      
Net income (loss) $ (505) $ (951) $ 152
Adjustments to net income (loss):      
Depreciation and amortization 1,053 1,056 1,068
Loss on disposal and sale of business interests 9 1,683 95
Impairment expense 1,715 1,575 1,066
Deferred income taxes 4 (406) (233)
Reversals of contingencies 1 10 186
Loss on extinguishment of debt 15 78 186
Gain on remeasurement to acquisition date fair value (5) (254) 0
Loss of affiliates, net of dividends 111 36 128
Emissions allowance expense 425 337 135
Other 183 120 54
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (532) (170) 48
(Increase) decrease in inventory (417) (93) (20)
(Increase) decrease in prepaid expenses and other current assets (40) (168) 13
(Increase) decrease in other assets 433 (285) (134)
Increase (decrease) in accounts payable and other current liabilities 470 (251) (186)
Increase (decrease) in income tax payables, net and other tax payables (51) (271) 59
Increase (decrease) in deferred income 33 (314) 431
Increase (decrease) in other liabilities (185) 190 79
Net cash provided by operating activities 2,715 1,902 2,755
INVESTING ACTIVITIES:      
Capital expenditures (4,551) (2,116) (1,900)
Acquisitions of business interests, net of cash and restricted cash acquired (243) (658) (136)
Proceeds from the sale of business interests, net of cash and restricted cash sold 1 95 169
Sale of short-term investments 1,049 616 627
Purchase of short-term investments (1,492) (519) (653)
Contributions and loans to equity affiliates (232) (427) (332)
Affiliate repayments and returns of capital 149 320 158
Purchase of emissions allowances 488 265 188
Other investing (29) (97) (40)
Net cash used in investing activities (5,836) (3,051) (2,295)
FINANCING ACTIVITIES:      
Borrowings under the revolving credit facilities 5,424 2,802 2,420
Repayments under the revolving credit facilities (4,687) (2,420) (2,479)
Issuance of recourse debt 200 7 3,419
Repayments of recourse debt (29) (26) (3,366)
Issuance of non-recourse debt 5,788 1,644 4,680
Repayments of non-recourse debt (3,144) (2,012) (4,136)
Payments for financing fees (120) (32) (107)
Purchases under supplier financing arrangements (1,042) (91) (72)
Repayments of obligations under supplier financing arrangements 432 35 96
Distributions to noncontrolling interests (265) (284) (422)
Acquisitions of noncontrolling interests 602 117 259
Contributions from noncontrolling interests 233 365 1
Sales to noncontrolling interests 742 173 553
Issuance of preferred shares in subsidiaries 60 153 112
Issuance of preferred stock 0 1,014 0
Dividends paid on AES common stock (422) (401) (381)
Payments for financed capital expenditures (33) (24) (60)
Other financing 3 (101) (29)
Net cash provided by (used in) financing activities 3,758 797 (78)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (56) (46) (24)
(Increase) decrease in cash, cash equivalents and restricted cash of held-for-sale businesses 22 55 (103)
Total increase (decrease) in cash, cash equivalents and restricted cash 603 (343) 255
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning 1,484 1,827 1,572
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending 2,087 1,484 1,827
SUPPLEMENTAL DISCLOSURES:      
Cash payments for interest, net of amounts capitalized 928 815 908
Cash payments for income taxes, net of refunds 271 459 333
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Dividends declared but not yet paid 111 105 100
Notes payable issued for the acquisition of business interests (see Notes 17 and 25) 0 258 47
AES Clean Energy | Non-cash [Member]      
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Contribution of Property $ 0 $ 118 $ 0