Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

SELECTED QUARTERLY FINANCIAL INFORMATION

27. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Quarterly Financial Data

The following tables summarize the unaudited quarterly statements of operations for the Company for 2011 and 2010. Amounts have been restated to reflect discontinued operations in all periods presentedand reflect all adjustments necessary in the opinion of management for a fair statement of the results for interim periods

		Quarter Ended 2011
		Mar 31		June 30		Sept 30		Dec 31(1)
		(in millions, except per share data)
Revenue		$	4,189	$	4,471	$	4,345	$	4,269
Gross margin			1,005		1,005		1,029		1,095
Income from continuing operations, net of tax (2)			489		435		208		409
Discontinued operations, net of tax			(6)		(8)		(33)		36
Net income		$	483	$	427	$	175	$	445
Net income (loss) attributable to The AES Corporation		$	224	$	174	$	(131)	$	(209)
Basic income (loss) per share:
Income from continuing operations attributable to
	The AES Corporation, net of tax	$	0.30	$	0.24	$	(0.08)	$	0.13
Discontinued operations attributable to
	The AES Corporation, net of tax		(0.02)		(0.02)		(0.09)		(0.40)
Basic income (loss) per share attributable to
	The AES Corporation	$	0.28	$	0.22	$	(0.17)	$	(0.27)
Diluted income (loss) per share:
Income from continuing operations attributable to
	The AES Corporation, net of tax	$	0.30	$	0.24	$	(0.08)	$	0.12
Discontinued operations attributable to
	The AES Corporation, net of tax		(0.02)		(0.02)		(0.09)		(0.39)
Diluted income (loss) per share attributable to
	The AES Corporation	$	0.28	$	0.22	$	(0.17)	$	(0.27)
		Quarter Ended 2010
		Mar 31		June 30		Sept 30		Dec 31
		(in millions, except per share data)
Revenue		$	3,836	$	3,838	$	3,924	$	4,230
Gross margin			954		989		963		1,030
Income from continuing operations, net of tax (3)			378		422		285		385
Discontinued operations, net of tax			24		7		112		(554)
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	$	0.25	$	0.19	$	0.05	$	0.16
Discontinued operations attributable to
	The AES Corporation, net of tax		0.02		(0.01)		0.09		(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	$	0.25	$	0.19	$	0.05	$	0.16
Discontinued operations attributable to
	The AES Corporation, net of tax		0.02		(0.01)		0.09		(0.71)
Diluted income (loss) per share attributable to
	The AES Corporation	$	0.27	$	0.18	$	0.14	$	(0.55)

• DPL was acquired on November 28, 2011 and its results of operations have been included in AES'consolidated results of operations from the date of acquisition.See Note 23―Acquisitions and Dispositions for further information.
• Includes pretax impairment expense of $33 million, $147 million and $62 million, for the second, third and fourth quarters of 2011,respectively.See Note 20—Impairment Expense and Note 9—Goodwill and Other Intangible Assets for additional discussion on these impairment expenses.
• Includes pretax impairment expense of $315 million and $95 million, for the third and fourth quarters of 2010,respectively.See Note 20—Impairment Expense and Note 9—Goodwill and Other Intangible Assetsfor additional discussion on these impairment expenses.