AES CORP
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 2, 2026
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 Statements of Operations
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| (in millions, except per share amounts) | |||
| Revenue: | |||
| Non-Regulated | $8,195 | $8,756 | $9,245 |
| Regulated | 4,038 | 3,522 | 3,423 |
| Total revenue | 12,233 | 12,278 | 12,668 |
| Cost of Sales: | |||
| Non-Regulated | (6,603) | (6,985) | (7,173) |
| Regulated | (3,419) | (2,979) | (2,991) |
| Total cost of sales | (10,022) | (9,964) | (10,164) |
| Operating margin | 2,211 | 2,314 | 2,504 |
| General and administrative expenses | (241) | (288) | (255) |
| Interest expense | (1,407) | (1,485) | (1,319) |
| Interest income | 287 | 381 | 551 |
| Loss on extinguishment of debt | (26) | (17) | (63) |
| Other expense | (458) | (175) | (99) |
| Other income | 67 | 156 | 89 |
| Gain on disposal and sale of business interests | 58 | 351 | 134 |
| Goodwill impairment expense | — | — | (12) |
| Asset impairment expense | (224) | (374) | (1,067) |
| Foreign currency transaction gains (losses) | (79) | 31 | (359) |
| Other non-operating expense | (113) | — | — |
| INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES | 75 | 894 | 104 |
| Income tax benefit (expense) | 181 | (59) | (261) |
| Net equity in losses of affiliates | (55) | (26) | (32) |
| INCOME (LOSS) FROM CONTINUING OPERATIONS | 201 | 809 | (189) |
| Gain (loss) from disposal of discontinued businesses, net of income tax benefit (expense) of $0, $(7), and $7, respectively | (39) | (7) | 7 |
| NET INCOME (LOSS) | 162 | 802 | (182) |
| Less: Net loss attributable to noncontrolling interests and redeemable stock of subsidiaries | 748 | 877 | 431 |
| NET INCOME ATTRIBUTABLE TO THE AES CORPORATION | $910 | $1,679 | $249 |
| Increase in redemption value of redeemable stock of subsidiaries | (10) | — | — |
| NET INCOME AVAILABLE TO THE AES CORPORATION COMMON STOCKHOLDERS | $900 | $1,679 | $249 |
| AMOUNTS AVAILABLE TO THE AES CORPORATION COMMON STOCKHOLDERS: | |||
| Income from continuing operations available to The AES Corporation common stockholders | $939 | $1,686 | $242 |
| Income (loss) from discontinued operations available to The AES Corporation common stockholders | (39) | (7) | 7 |
| NET INCOME AVAILABLE TO THE AES CORPORATION COMMON STOCKHOLDERS | $900 | $1,679 | $249 |
| BASIC EARNINGS PER SHARE: | |||
| Income from continuing operations available to The AES Corporation common stockholders | $1.31 | $2.39 | $0.36 |
| Income (loss) from discontinued operations available to The AES Corporation common stockholders | (0.05) | (0.01) | 0.01 |
| NET INCOME AVAILABLE TO THE AES CORPORATION COMMON STOCKHOLDERS | $1.26 | $2.38 | $0.37 |
| DILUTED EARNINGS PER SHARE: | |||
| Income from continuing operations available to The AES Corporation common stockholders | $1.31 | $2.37 | $0.34 |
| Income (loss) from discontinued operations available to The AES Corporation common stockholders | (0.05) | (0.01) | 0.01 |
| NET INCOME AVAILABLE TO THE AES CORPORATION COMMON STOCKHOLDERS | $1.26 | $2.36 | $0.35 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.