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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total Revenue $ 3,027 $ 3,078 $ 6,266 $ 5,930
Cost of Goods and Services Sold (2,529) (2,515) (5,174) (4,837)
Operating margin 498 563 1,092 1,093
General and administrative expenses (72) (46) (127) (98)
Interest expense (310) (279) (640) (537)
Interest income 131 95 254 170
Loss on extinguishment of debt 0 (1) (1) (7)
Other expense (12) (29) (26) (41)
Other income 14 70 24 76
Loss on disposal and sale of business interests (4) (2) (4) (1)
Asset impairment expense (174) (482) (194) (483)
Foreign currency transaction gains (losses) (67) (49) (109) (68)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 4 (160) 269 104
Income tax benefit (expense) 2 19 (70) (41)
Net equity in earnings (losses) of affiliates (25) 5 (29) (28)
NET INCOME (LOSS) (19) (136) 170 35
Less: Net income attributable to noncontrolling interests and redeemable stock of subsidiaries (20) (43) (58) (99)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION $ (39) $ (179) $ 112 $ (64)
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax $ (0.06) $ (0.27) $ 0.17 $ (0.10)
Income (loss) from continuing operations, net of tax $ (39) $ (179) $ 112 $ (64)
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax $ (0.06) $ (0.27) $ 0.16 $ (0.10)
Earnings Per Share, Basic (0.06) (0.27) 0.17 (0.10)
Earnings Per Share, Diluted $ (0.06) $ (0.27) $ 0.16 $ (0.10)
DILUTED SHARES OUTSTANDING 669 668 712 668
BASIC EARNINGS PER SHARE:        
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ (0.06) $ (0.27) $ 0.17 $ (0.10)
DILUTED EARNINGS PER SHARE:        
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ (0.06) $ (0.27) $ 0.16 $ (0.10)
DILUTED SHARES OUTSTANDING 669 668 712 668
Electric Transmission [Member]        
Total Revenue $ 834 $ 802 $ 1,786 $ 1,637
Cost of Goods and Services Sold (747) (734) (1,595) (1,439)
Electricity, Generation [Member]        
Total Revenue 2,193 2,276 4,480 4,293
Cost of Goods and Services Sold $ (1,782) $ (1,781) $ (3,579) $ (3,398)