Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

SELECTED QUARTERLY FINANCIAL INFORMATION

28. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Quarterly Financial Data

The following tables summarize the unaudited quarterly statements of operations for the Company for 2012 and 2011. 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 2012
		Mar 31		June 30		Sept 30		Dec 31
		(in millions, except per share data)
Revenue		$	4,722	$	4,192	$	4,587	$	4,640
Gross margin			1,082		695		1,006		931
Income from continuing operations, net of tax (1)			524		139		(1,400)		377
Discontinued operations, net of tax			(9)		68		(2)		(54)
Net income (loss)		$	515	$	207	$	(1,402)	$	323
Net income (loss) attributable to The AES Corporation		$	341	$	140	$	(1,568)	$	175
Basic income (loss) per share:
Income from continuing operations attributable to
	The AES Corporation, net of tax	$	0.46	$	0.09	$	(2.10)	$	0.31
Discontinued operations attributable to
	The AES Corporation, net of tax		(0.01)		0.09		-		(0.08)
Basic income (loss) per share attributable to
	The AES Corporation	$	0.45	$	0.18	$	(2.10)	$	0.23
Diluted income (loss) per share:
Income from continuing operations attributable to
	The AES Corporation, net of tax	$	0.45	$	0.09	$	(2.10)	$	0.31
Discontinued operations attributable to
	The AES Corporation, net of tax		(0.01)		0.09		-		(0.08)
Diluted income (loss) per share attributable to
	The AES Corporation	$	0.44	$	0.18	$	(2.10)	$	0.23
Dividends declared per common share		$	-	$	-	$	0.04	$	0.04
		Quarter Ended 2011
		Mar 31		June 30		Sept 30		Dec 31(2)
		(in millions, except per share data)
Revenue		$	4,102	$	4,386	$	4,252	$	4,183
Gross margin			985		989		1,010		1,079
Income from continuing operations, net of tax (3)			482		430		210		453
Discontinued operations, net of tax			1		(3)		(35)		(8)
Net income		$	483	$	427	$	175	$	445
Net income (loss) attributable to The AES Corporation		$	224	$	174	$	(131)	$	(209)
Basic income (loss) per share:
Income (loss) from continuing operations attributable to
	The AES Corporation, net of tax	$	0.29	$	0.24	$	(0.08)	$	0.18
Discontinued operations attributable to
	The AES Corporation, net of tax		(0.01)		(0.02)		(0.09)		(0.45)
Basic income (loss) per share attributable to
	The AES Corporation	$	0.28	$	0.22	$	(0.17)	$	(0.27)
Diluted income (loss) per share:
Income (loss) from continuing operations attributable to
	The AES Corporation, net of tax	$	0.29	$	0.24	$	(0.08)	$	0.18
Discontinued operations attributable to
	The AES Corporation, net of tax		(0.01)		(0.02)		(0.09)		(0.45)
Diluted income (loss) per share attributable to
	The AES Corporation	$	0.28	$	0.22	$	(0.17)	$	(0.27)
Dividends declared per common share		$	-	$	-	$	-	$	-

____________________________

• Includes pretax impairment expense of $10 million, $18 million, $1.89 billion and $(31) million, for the first, second, third and fourth quarters of 2012, respectively. See Note 21—Impairment Expense and Note 10—Goodwill and Other Intangible Assetsfor further discussion.
• 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 24―Acquisitions and Dispositions for further discussion.
• Includes pretax impairment expense of $33 million, $147million and $10 million, for the second, third and fourth quarters of 2011, respectively. See Note 21—Impairment Expense and Note 10—Goodwill and Other Intangible Assetsfor further discussion.