Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2010

SELECTED QUARTERLY FINANCIAL INFORMATION

26. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Quarterly Financial Data

The following tables summarize the unaudited quarterly statements of operations for the Company for 2010 and 2009. Amounts reflect all adjustments necessary in the opinion of management for a fair statement of the results for interim periods.

		Quarter ended 2010
		Mar 31		June 30		Sept 30		Dec 31

		(in millions, except per share data)
Revenue		$	3,920	$	3,923	$	4,020	$	4,318
Gross margin			961		1,002		982		1,043
Income from continuing operations, net of tax ⁽¹⁾			381		429		300		391
Discontinued operations, net of tax			21		-		97		(560)
Net income		$	402	$	429	$	397	$	(169)
Net income (loss) attributable to The AES Corporation		$	187	$	144	$	114	$	(436)

Basic income (loss) per share:
Income from continuing operations attributable to
	The AES Corporation, net of tax	$	0.24	$	0.19	$	0.06	$	0.16
Discontinued operations attributable to
	The AES Corporation, net of tax		0.03		(0.01)		0.08		(0.71)
Basic income (loss) per share attributable to
	The AES Corporation	$	0.27	$	0.18	$	0.14	$	(0.55)

Diluted income (loss) per share:
Income from continuing operations attributable to
	The AES Corporation, net of tax	$	0.24	$	0.19	$	0.06	$	0.16
Discontinued operations attributable to
	The AES Corporation, net of tax		0.03		(0.01)		0.08		(0.71)
Diluted income (loss) per share attributable to
	The AES Corporation	$	0.27	$	0.18	$	0.14	$	(0.55)

		Quarter ended 2009
		Mar 31		June 30		Sept 30		Dec 31

		(in millions, except per share data)
Revenue		$	3,083	$	3,163	$	3,529	$	3,665
Gross margin			833		790		961		822
Income from continuing operations, net of tax ⁽²⁾			481		513		422		412
Discontinued operations, net of tax			21		17		18		(129)
Net income		$	502	$	530	$	440	$	283
Net income (loss) attributable to The AES Corporation		$	218	$	303	$	185	$	(48)

Basic income (loss) per share:
Income from continuing operations attributable to
	The AES Corporation, net of tax	$	0.31	$	0.44	$	0.27	$	0.07
Discontinued operations attributable to
	The AES Corporation, net of tax		0.02		0.01		0.01		(0.14)
Basic income (loss) per share attributable to
	The AES Corporation	$	0.33	$	0.45	$	0.28	$	(0.07)

Diluted income (loss) per share:
Income from continuing operations attributable to
	The AES Corporation, net of tax	$	0.31	$	0.44	$	0.27	$	0.07
Discontinued operations attributable to
	The AES Corporation, net of tax		0.02		0.01		0.01		(0.14)
Diluted income (loss) per share attributable to
	The AES Corporation	$	0.33	$	0.45	$	0.28	$	(0.07)

Includes pretax impairment expense of $315 million and $96 million, for the third and fourth quarters of 2010, respectively. See Note 19—Impairment Expense and Note 8—Goodwill and Other Intangible Assets for additional discussion on these impairment expenses.
Includes pretax impairment expense $140 million for the fourth quarter of 2009. See Note 19—Impairment Expense and Note 8—Goodwill and Other Intangible Assets for additional discussion on the impairment expense.

- Definition

This element can be used to disclose the entire quarterly financial data disclosure in the annual financial statements as a single block of text. The disclosure includes a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Alternatively, the details of this disclosure can be reported using the elements in this group, or by using other taxonomy elements and applying the appropriate quarterly date and period contexts when creating an instance document. For example, the element for "Interest and Dividend Income, Operating" may be used by financial institutions from the Statement of Income, applying the appropriate quarterly date and period context when creating an instance document.

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