AES CORP
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
AES$14.90+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
December 31, 2023 and 2022
| 2023 | 2022 | |
|---|---|---|
| (in millions, except share and per share data) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $1,426 | $1,374 |
| Restricted cash | 370 | 536 |
| Short-term investments | 395 | 730 |
| Accounts receivable, net of allowance of $15 and $5, respectively | 1,420 | 1,799 |
| Inventory | 712 | 1,055 |
| Prepaid expenses | 177 | 98 |
| Other current assets, net of allowance of $14 and $2, respectively | 1,387 | 1,533 |
| Current held-for-sale assets | 762 | 518 |
| Total current assets | 6,649 | 7,643 |
| NONCURRENT ASSETS | ||
| Property, Plant and Equipment: | ||
| Land | 522 | 470 |
| Electric generation, distribution assets and other | 30,190 | 26,599 |
| Accumulated depreciation | (8,602) | (8,651) |
| Construction in progress | 7,848 | 4,621 |
| Property, plant and equipment, net | 29,958 | 23,039 |
| Other Assets: | ||
| Investments in and advances to affiliates | 941 | 952 |
| Debt service reserves and other deposits | 194 | 177 |
| Goodwill | 348 | 362 |
| Other intangible assets, net of accumulated amortization of $498 and $434, respectively | 2,243 | 1,841 |
| Deferred income taxes | 396 | 319 |
| Other noncurrent assets, net of allowance of $9 and $77, respectively | 3,259 | 4,030 |
| Noncurrent held-for-sale assets | 811 | — |
| Total other assets | 8,192 | 7,681 |
| TOTAL ASSETS | $44,799 | $38,363 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $2,199 | $1,730 |
| Accrued interest | 315 | 249 |
| Accrued non-income taxes | 278 | 249 |
| Supplier financing arrangements | 974 | 662 |
| Accrued and other liabilities | 1,334 | 1,489 |
| Recourse debt | 200 | — |
| Non-recourse debt, including $1,080 and $416, respectively, related to variable interest entities | 3,932 | 1,758 |
| Current held-for-sale liabilities | 499 | 354 |
| Total current liabilities | 9,731 | 6,491 |
| NONCURRENT LIABILITIES | ||
| Recourse debt | 4,264 | 3,894 |
| Non-recourse debt, including $1,715 and $2,295, respectively, related to variable interest entities | 18,482 | 17,846 |
| Deferred income taxes | 1,245 | 1,139 |
| Other noncurrent liabilities | 3,114 | 3,168 |
| Noncurrent held-for-sale liabilities | 514 | — |
| Total noncurrent liabilities | 27,619 | 26,047 |
| Commitments and Contingencies (see Notes 12 and 13) | ||
| Redeemable stock of subsidiaries | 1,464 | 1,321 |
| EQUITY | ||
| THE AES CORPORATION STOCKHOLDERS’ EQUITY | ||
| Preferred stock (without par value, 50,000,000 shares authorized; 1,043,050 issued and outstanding at December 31, 2023 and December 31, 2022) | 838 | 838 |
| Common stock ($0.01 par value, 1,200,000,000 shares authorized; 819,051,591 issued and 669,693,234 outstanding at December 31, 2023 and 818,790,001 issued and 668,743,464 outstanding at December 31, 2022) | 8 | 8 |
| Additional paid-in capital | 6,355 | 6,688 |
| Accumulated deficit | (1,386) | (1,635) |
| Accumulated other comprehensive loss | (1,514) | (1,640) |
| Treasury stock, at cost (149,358,357 and 150,046,537 shares, respectively) | (1,813) | (1,822) |
| Total AES Corporation stockholders’ equity | 2,488 | 2,437 |
| NONCONTROLLING INTERESTS | 3,497 | 2,067 |
| Total equity | 5,985 | 4,504 |
| TOTAL LIABILITIES AND EQUITY | $44,799 | $38,363 |
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