AES CORP
For the period ended Sep 30, 2024. Filed Oct 31, 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.
Sep 30, 2024 · Filed Oct 31, 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
Condensed Consolidated Balance Sheets
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (in millions, except share and per share amounts) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $1,919 | $1,426 |
| Restricted cash | 563 | 370 |
| Short-term investments | 62 | 395 |
| Accounts receivable, net of allowance of $32 and $15, respectively | 1,868 | 1,420 |
| Inventory | 646 | 712 |
| Prepaid expenses | 134 | 177 |
| Other current assets, net of allowance of $0 and $14, respectively | 1,460 | 1,387 |
| Current held-for-sale assets | 3,874 | 762 |
| Total current assets | 10,526 | 6,649 |
| NONCURRENT ASSETS | ||
| Property, plant and equipment, net of accumulated depreciation of $8,505 and $8,602, respectively | 32,354 | 29,958 |
| Investments in and advances to affiliates | 1,162 | 941 |
| Debt service reserves and other deposits | 77 | 194 |
| Goodwill | 348 | 348 |
| Other intangible assets, net of accumulated amortization of $426 and $498, respectively | 1,928 | 2,243 |
| Deferred income taxes | 421 | 396 |
| Other noncurrent assets, net of allowance of $11 and $9, respectively | 2,593 | 3,259 |
| Noncurrent held-for-sale assets | 670 | 811 |
| Total other assets | 7,199 | 8,192 |
| TOTAL ASSETS | $50,079 | $44,799 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $1,965 | $2,199 |
| Accrued interest | 328 | 315 |
| Accrued non-income taxes | 257 | 278 |
| Supplier financing arrangements | 698 | 974 |
| Accrued and other liabilities | 1,182 | 1,334 |
| Recourse debt | 1,709 | 200 |
| Non-recourse debt, including $416 and $1,080, respectively, related to variable interest entities | 3,237 | 3,932 |
| Current held-for-sale liabilities | 2,999 | 499 |
| Total current liabilities | 12,375 | 9,731 |
| NONCURRENT LIABILITIES | ||
| Recourse debt | 4,840 | 4,264 |
| Non-recourse debt, including $1,947 and $1,715, respectively, related to variable interest entities | 19,666 | 18,482 |
| Deferred income taxes | 1,696 | 1,245 |
| Other noncurrent liabilities | 2,501 | 3,114 |
| Noncurrent held-for-sale liabilities | 457 | 514 |
| Total noncurrent liabilities | 29,160 | 27,619 |
| Commitments and Contingencies (see Note 9) | ||
| Redeemable stock of subsidiaries | 905 | 1,464 |
| 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) | — | 838 |
| Common stock ($0.01 par value, 1,200,000,000 shares authorized; 859,709,987 issued and 711,027,043 outstanding at September 30, 2024 and 819,051,591 issued and 669,693,234 outstanding at December 31, 2023) | 9 | 8 |
| Additional paid-in capital | 6,949 | 6,355 |
| Accumulated deficit | (267) | (1,386) |
| Accumulated other comprehensive loss | (1,595) | (1,514) |
| Treasury stock, at cost (148,682,944 and 149,358,357 shares at September 30, 2024 and December 31, 2023, respectively) | (1,806) | (1,813) |
| Total AES Corporation stockholders’ equity | 3,290 | 2,488 |
| NONCONTROLLING INTERESTS | 4,349 | 3,497 |
| Total equity | 7,639 | 5,985 |
| TOTAL LIABILITIES AND EQUITY | $50,079 | $44,799 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.