Schedule I - Condensed Financial Information of Registrant (Tables)

12 Months Ended

Dec. 31, 2012

THE AES CORPORATION
SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PARENT
BALANCE SHEETS

		December 31,
		2012		2011

		(in millions)
ASSETS
Current Assets:
Cash and cash equivalents		$	305	$	189
Restricted cash			227		50
Accounts and notes receivable from subsidiaries			594		602
Deferred income taxes			8		24
Prepaid expenses and other current assets			28		43
Total current assets			1,162		908
Investment in and advances to subsidiaries and affiliates			9,393		11,352
Office Equipment:
Cost			86		81
Accumulated depreciation			(72)		(67)
Office equipment, net			14		14
Other Assets:
Deferred financing costs (net of accumulated amortization of $58 and $74, respectively)			76		92
Deferred income taxes			573		525
Debt service reserves and other deposits			-		222
Total other assets			649		839
	Total	$	11,218	$	13,113
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable		$	15	$	21
Accounts and notes payable to subsidiaries			50		48
Accrued and other liabilities			241		216
Senior notes payable - current portion			11		305
Total current liabilities			317		590
Long-term Liabilities:
Senior notes payable			5,434		5,663
Junior subordinated notes and debentures payable			517		517
Accounts and notes payable to subsidiaries			242		254
Other long-term liabilities			139		143
Total long-term liabilities			6,332		6,577
Stockholders' equity:
Common stock			8		8
Additional paid-in capital			8,525		8,507
Retained earnings (accumulated deficit)			(264)		678
Accumulated other comprehensive loss			(2,920)		(2,758)
Treasury stock			(780)		(489)
Total stockholders' equity			4,569		5,946
	Total	$	11,218	$	13,113

THE AES CORPORATION
SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PARENT
STATEMENTS OF OPERATIONS

	For the Years Ended December 31
	2012		2011		2010

	(in millions)
Revenue from subsidiaries and affiliates	$	20	$	59	$	34
Equity in earnings (loss) of subsidiaries and affiliates		(437)		352		590
Interest income		119		158		279
General and administrative expenses		(133)		(241)		(261)
Interest expense		(502)		(444)		(461)
Income (loss) before income taxes		(933)		(116)		181
Income tax benefit (expense)		21		174		(172)
Net income (loss)	$	(912)	$	58	$	9

THE AES CORPORATION
SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PARENT
STATEMENTS OF CASH FLOWS

			For the Years Ended December 31,
			2012		2011		2010

			(in millions)
		Net cash provided by operating activities	$	694	$	719	$	488
Investing Activities:
	Investment in and advances to subsidiaries			(168)		(2,655)		(1,185)
	Return of capital			660		304		300
	(Increase) decrease in restricted cash			44		(261)		(2)
	Additions to property, plant and equipment			(24)		(28)		(22)
	(Purchase) sale of short term investments, net			1		2		(3)
		Net cash used in investing activities		513		(2,638)		(912)
Financing Activities:
	Borrowings (payments) under the revolver, net			(295)		295		-
	Borrowings of notes payable and other coupon bearing securities			-		2,050		-
	Repayments of notes payable and other coupon bearing securities			(236)		(477)		(914)
	Loans (to) from subsidiaries			(236)		(5)		(154)
	Purchase of treasury stock			(301)		(279)		(99)
	Proceeds from issuance of common stock			8		3		1,569
	Common stock dividends paid			(30)		-		-
	Payments for deferred financing costs			(1)		(75)		(12)
		Net cash provided by financing activities		(1,091)		1,512		390

Increase (decrease) in cash and cash equivalents				116		(405)		(34)
Cash and cash equivalents, beginning				189		594		628
Cash and cash equivalents, ending			$	305	$	189	$	594
Supplemental Disclosures:
	Cash payments for interest, net of amounts capitalized		$	479	$	392	$	412
	Cash payments for income taxes, net of refunds		$	-	$	(6)	$	-

	December 31,		December 31,
	2012		2011

	(in millions)
Assets
Investment in and advances to subsidiaries and affiliates	$	9,393	$	11,352
Deferred income taxes - long term	$	573	$	525
Total other assets	$	649	$	839
Total assets	$	11,218	$	13,113

Liabilities and Stockholders' Equity
Other long-term liabilities	$	139	$	143
Total long-term liabilities	$	6,332	$	6,577
Additional paid-in capital	$	8,525	$	8,507
Retained earnings (accumulated deficit)	$	(264)	$	678
Accumulated other comprehensive loss	$	(2,920)	$	(2,758)
Total stockholders' equity	$	4,569	$	5,946
Total liabilities and stockholders' equity	$	11,218	$	13,113

	For the Year Ended December 31,
	2012		2011		2010

		(in millions)
Equity in earnings (loss) of subsidiaries and affiliates	$	(437)	$	352	$	590
Income (loss) before income taxes	$	(933)	$	(116)	$	181
Income tax benefit (expense)	$	21	$	174	$	(172)
Net income (loss) attributable to The AES Corporation	$	(912)	$	58	$	9

				December 31,
		Interest Rate	Maturity	2012		2011

				(in millions)
Senior Unsecured Note		7.75%	2014	$	500	$	500
Revolving Loan under Senior Secured Credit Facility		LIBOR + 3.00%	2015		-		295
Senior Unsecured Note		7.75%	2015		500		500
Senior Unsecured Note		9.75%	2016		535		535
Senior Unsecured Note		8.00%	2017		1,500		1,500
Senior Secured Term Loan		LIBOR + 3.25%	2018		807		1,042
Senior Unsecured Note		8.00%	2020		625		625
Senior Unsecured Note		7.38%	2021		1,000		1,000
Term Convertible Trust Securities		6.75%	2029		517		517
Unamortized discounts					(22)		(29)
SUBTOTAL					5,962		6,485
	Less: Current maturities				(11)		(305)
Total				$	5,951	$	6,180