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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total Revenue $ 3,434 $ 3,627 $ 9,700 $ 9,557
Cost of Goods and Services Sold (2,516) (2,735) (7,690) (7,572)
Operating margin 918 892 2,010 1,985
General and administrative expenses (64) (51) (191) (149)
Interest expense (326) (276) (966) (813)
Interest income 144 100 398 270
Loss on extinguishment of debt 0 (1) (1) (8)
Other expense (12) (10) (38) (51)
Other income 12 4 36 80
Gain (loss) on disposal and sale of business interests 0 1 (4) 0
Asset impairment expense (158) (50) (352) (533)
Foreign currency transaction gains (losses) (100) 8 (209) (60)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 414 617 683 721
Income tax expense (109) (145) (179) (186)
Net equity in losses of affiliates (14) (26) (43) (54)
NET INCOME 291 446 461 481
Less: Net income attributable to noncontrolling interests and redeemable stock of subsidiaries (60) (25) (118) (124)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION $ 231 $ 421 $ 343 $ 357
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.34 $ 0.63 $ 0.51 $ 0.53
Income from continuing operations, net of tax $ 231 $ 421 $ 343 $ 357
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.32 $ 0.59 $ 0.48 $ 0.50
Earnings Per Share, Basic 0.34 0.63 0.51 0.53
Earnings Per Share, Diluted $ 0.32 $ 0.59 $ 0.48 $ 0.50
DILUTED SHARES OUTSTANDING 712 711 712 711
BASIC EARNINGS PER SHARE:        
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.34 $ 0.63 $ 0.51 $ 0.53
DILUTED EARNINGS PER SHARE:        
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.32 $ 0.59 $ 0.48 $ 0.50
DILUTED SHARES OUTSTANDING 712 711 712 711
Electric Transmission [Member]        
Total Revenue $ 863 $ 976 $ 2,649 $ 2,613
Cost of Goods and Services Sold (703) (896) (2,298) (2,335)
Electricity, Generation [Member]        
Total Revenue 2,571 2,651 7,051 6,944
Cost of Goods and Services Sold $ (1,813) $ (1,839) $ (5,392) $ (5,237)