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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›AES›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

AES CORP (AES) financials

Income statement

AES CORP (AES) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$10.3B$10.5B$10.7B$10.2B$9.66B$11.1B$12.6B$12.7B$12.3B$12.2B
Revenue growth—2.4%2.0%-5.1%-5.2%15.3%13.2%0.4%-3.1%-0.4%
Gross profit$2.38B$2.46B$2.57B$2.35B$2.69B$2.71B$2.55B$2.50B$2.31B$2.21B
Gross margin23.2%23.4%24.0%23.1%27.9%24.3%20.2%19.8%18.8%18.1%
Net income-$1.13B-$1.16B$1.20B$303M$46.0M-$409M-$546M$249M$1.68B$910M
Net margin-11.0%-11.0%11.2%3.0%0.5%-3.7%-4.3%2.0%13.7%7.4%
EPS (diluted)-$1.72-$1.76$1.81$0.45$0.07-$0.61-$0.82$0.35$2.36$1.26

Cash flow

AES CORP (AES) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$2.90B$2.50B$2.34B$2.47B$2.75B$1.90B$2.71B$3.03B$2.75B$4.31B
Capital expenditures$2.35B$2.18B$2.12B$2.40B$1.90B$2.12B$4.55B$7.72B$7.39B$5.93B
Free cash flow$552M$327M$222M$61.0M$855M-$214M-$1.84B-$4.69B-$4.64B-$1.62B
Share buybacks$79.0M$0.00$0.00———————
Dividends paid$290M$317M$344M$362M$381M$401M$422M$444M$483M$501M

Balance sheet

AES CORP (AES) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.22B$949M$1.17B$1.03B$1.09B$943M$1.37B$1.43B$1.52B$1.38B
Total assets$36.1B$33.1B$32.5B$33.6B$34.6B$33.0B$38.4B$44.8B$47.4B$51.8B
Shareholders' equity$2.79B$2.46B$3.21B$3.00B$2.63B$2.80B$2.44B$2.49B$3.64B$4.06B
Retained earnings-$1.15B-$2.28B-$2.21B-$692M-$731M-$1.09B-$1.64B-$1.39B$293M$641M
Shares (wtd avg diluted)660M660M665M667M668M666M668M712M713M714M

Every figure is extracted from AES CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is AES CORP's annual revenue?
AES CORP (AES) reported $12.2B of revenue for fiscal year 2025 — down 0.4% from $12.3B in FY2024, per its annual report filed with the SEC.
Is AES CORP profitable?
Yes — AES earned $910M of net income in FY2025, a 7.4% net margin, per SEC filings.
What is AES CORP's free cash flow?
-$1.62B in FY2025 (operating cash flow $4.31B minus $5.93B of capital expenditures), from the SEC cash-flow statement.
Does AES pay a dividend?
Yes — AES CORP paid $501M in cash dividends during FY2025, per its SEC cash-flow statement.
Full AES analysis — verdict, score & filings →Is AES a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.