AES CORP
For the period ended Mar 31, 2024. Filed May 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Changes in Equity
6 | The AES Corporation
Condensed Consolidated Statements of Changes in Equity
| Three Months Ended March 31, 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock · Common Stock · Treasury Stock · AdditionalPaid-InCapital · AccumulatedDeficit · AccumulatedOtherComprehensiveLoss · NoncontrollingInterests (1) | ||||||||||
| Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||
| (in millions) | ||||||||||
| Balance at January 1, 2024 | 1.0 | $838 | 819.1 | $8 | 149.4 | $(1,813) | $6,355 | $(1,386) | $(1,514) | $3,497 |
| Net income (loss) | — | — | — | — | — | — | — | 432 | — | (65) |
| Total foreign currency translation adjustments, net of income tax | — | — | — | — | — | — | — | — | (38) | (4) |
| Total change in fair value of derivatives, net of income tax | — | — | — | — | — | — | — | — | 135 | 27 |
| Total change in fair value option liabilities, net of income tax | — | — | — | — | — | — | — | — | 3 | — |
| Total other comprehensive income | — | — | — | — | — | — | — | — | 100 | 23 |
| Adjustments to redemption value of redeemable stock of subsidiaries (2) | — | — | — | — | — | — | (6) | — | — | — |
| Disposition of business interests | — | — | — | — | — | — | — | — | — | (111) |
| Distributions to noncontrolling interests | — | — | — | — | — | — | — | — | — | (13) |
| Contributions from noncontrolling interests | — | — | — | — | — | — | — | — | — | 1 |
| Sales to noncontrolling interests | — | — | — | — | — | — | 1 | — | — | 48 |
| Conversion of Corporate Units to shares of common stock | (1.0) | (838) | 40.5 | 1 | — | — | 838 | — | — | — |
| Dividends declared on common stock ($0.1725/share) | — | — | — | — | — | — | (116) | — | — | — |
| Purchase of treasury stock | — | — | — | — | 0.1 | (3) | 3 | — | — | — |
| Issuance and exercise of stock-based compensation benefit plans, net of income tax | — | — | — | — | (0.6) | 7 | (7) | — | — | — |
| Balance at March 31, 2024 | — | $— | 859.6 | $9 | 148.9 | $(1,809) | $7,068 | $(954) | $(1,414) | $3,380 |
| Three Months Ended March 31, 2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock · Common Stock · Treasury Stock · AdditionalPaid-InCapital · AccumulatedDeficit · AccumulatedOtherComprehensiveLoss · NoncontrollingInterests (1) | ||||||||||
| Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||
| (in millions) | ||||||||||
| Balance at January 1, 2023 | 1.0 | $838 | 818.8 | $8 | 150.0 | $(1,822) | $6,688 | $(1,635) | $(1,640) | $2,067 |
| Net income | — | — | — | — | — | — | — | 151 | — | 52 |
| Total foreign currency translation adjustments, net of income tax | — | — | — | — | — | — | — | — | 33 | 7 |
| Total change in fair value of derivatives, net of income tax | — | — | — | — | — | — | — | — | (135) | 1 |
| Total pension adjustments, net of income tax | — | — | — | — | — | — | — | — | — | 1 |
| Total other comprehensive income (loss) | — | — | — | — | — | — | — | — | (102) | 9 |
| Distributions to noncontrolling interests | — | — | — | — | — | — | — | — | — | (37) |
| Acquisitions of noncontrolling interests | — | — | — | — | — | — | (1) | — | — | 1 |
| Contributions from noncontrolling interests | — | — | — | — | — | — | — | — | — | 2 |
| Sales to noncontrolling interests | — | — | — | — | — | — | (7) | — | — | 3 |
| Issuance of preferred shares in subsidiaries | — | — | — | — | — | — | — | — | — | 4 |
| Dividends declared on common stock ($0.1659/share) | — | — | — | — | — | — | (111) | — | — | — |
| Issuance and exercise of stock-based compensation benefit plans, net of income tax | — | — | — | — | (0.5) | 7 | (12) | — | — | — |
| Balance at March 31, 2023 | 1.0 | $838 | 818.8 | $8 | 149.5 | $(1,815) | $6,557 | $(1,484) | $(1,742) | $2,101 |
(1) Excludes redeemable stock of subsidiaries. See Note 11—Redeemable Stock of Subsidiaries.
(2) Adjustment to record the redeemable stock of a tax equity partnership at AES Clean Energy Development at redemption value.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.