7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2003-09-30 2003-06-30 2003-03-31 
      
    		                                                                                  
      revenue:
    		                                                                                  
      non-regulated
    		2,269,000,000 1,922,000,000 1,941,000,000 2,102,000,000 2,352,000,000 2,070,000,000 2,232,000,000 2,194,000,000 2,571,000,000 2,193,000,000 2,287,000,000 2,135,000,000 2,651,000,000 2,276,000,000 2,017,000,000 2,049,000,000 2,268,000,000 2,028,000,000 1,928,000,000 1,915,000,000 1,865,000,000 1,593,000,000 1,626,000,000 1,711,000,000 1,826,000,000 1,759,000,000 1,865,000,000 1,898,000,000 2,060,000,000 1,821,000,000 2,018,000,000 1,984,000,000 1,839,000,000 1,833,000,000 1,765,000,000 1,841,000,000 1,757,000,000 1,664,000,000 1,695,000,000 1,731,000,000 1,818,000,000 1,850,000,000 1,904,000,000 1,894,000,000 2,063,000,000 2,195,000,000 2,120,000,000 5,860,000,000 1,975,000,000 2,019,000,000 2,072,000,000 2,041,000,000 1,983,000,000 2,120,000,000 1,881,000,000 1,976,000,000 2,061,000,000 1,851,000,000 1,987,000,000 1,877,000,000 1,808,000,000 1,871,000,000 1,134,000,000 1,746,000,000 1,713,000,000 1,710,000,000 1,636,000,000 1,515,000,000 821,000,000 1,585,000,000 1,532,000,000 1,520,000,000 1,436,000,000 1,376,000,000 1,273,000,000 1,264,000,000 1,168,000,000 1,171,000,000 1,116,000,000 1,105,000,000 1,098,000,000 1,188,000,000 
      regulated
    		1,082,000,000 933,000,000 985,000,000 860,000,000 937,000,000 872,000,000 853,000,000 774,000,000 863,000,000 834,000,000 952,000,000 925,000,000 976,000,000 802,000,000 835,000,000 721,000,000 768,000,000 672,000,000 707,000,000 645,000,000 680,000,000 624,000,000 712,000,000 720,000,000 799,000,000 724,000,000 785,000,000 724,000,000 777,000,000 716,000,000 722,000,000 -2,048,000,000 1,793,000,000 1,637,000,000 1,727,000,000 1,703,000,000 1,785,000,000 1,565,000,000 1,776,000,000 1,669,000,000 1,903,000,000 2,008,000,000 2,080,000,000 2,238,000,000 2,378,000,000 2,116,000,000 2,142,000,000 5,963,000,000 2,093,000,000 2,246,000,000 2,550,000,000 2,546,000,000 2,209,000,000 2,620,000,000 2,276,000,000 2,405,000,000 2,483,000,000 2,413,000,000 2,417,000,000 2,274,000,000 2,213,000,000 2,241,000,000 2,274,000,000 2,092,000,000 1,782,000,000 1,668,000,000 1,708,000,000 1,606,000,000 2,308,000,000 1,565,000,000 1,506,000,000 1,493,000,000 1,537,000,000 1,406,000,000 1,395,000,000 1,381,000,000 1,375,000,000 1,252,000,000 1,147,000,000 1,217,000,000 1,094,000,000 1,035,000,000 
      total revenue
    		3,351,000,000 2,855,000,000 2,926,000,000 2,962,000,000 3,289,000,000 2,942,000,000 3,085,000,000 2,968,000,000 3,434,000,000 3,027,000,000 3,239,000,000 3,060,000,000 3,627,000,000 3,078,000,000 2,852,000,000 2,770,000,000 3,036,000,000 2,700,000,000 2,635,000,000 2,560,000,000 2,545,000,000 2,217,000,000 2,338,000,000 2,431,000,000 2,625,000,000 2,483,000,000 2,650,000,000 2,622,000,000 2,837,000,000 2,537,000,000 2,740,000,000 -64,000,000 3,632,000,000 3,470,000,000 3,492,000,000 3,544,000,000 3,542,000,000 3,229,000,000 3,471,000,000 3,400,000,000 3,721,000,000 3,858,000,000 3,984,000,000 4,132,000,000 4,441,000,000 4,311,000,000 4,262,000,000 11,823,000,000 4,068,000,000 4,265,000,000 4,622,000,000 4,587,000,000 4,192,000,000 4,740,000,000 4,157,000,000 4,381,000,000 4,544,000,000 4,264,000,000 4,404,000,000 4,151,000,000 4,021,000,000 4,112,000,000                     
      yoy
    		1.89% -2.96% -5.15% -0.20% -4.22% -2.81% -4.75% -3.01% -5.32% -1.66% 13.57% 10.47% 19.47% 14.00% 8.24% 8.20% 19.29% 21.79% 12.70% 5.31% -3.05% -10.71% -11.77% -7.28% -7.47% -2.13% -3.28% -4196.88% -21.89% -26.89% -21.53% -101.81% 2.54% 7.46% 0.61% 4.24% -4.81% -16.30% -12.88% -17.72% -16.21% -10.51% -6.52% -65.05% 9.17% 1.08% -7.79% 157.75% -2.96% -10.02% 11.19% 4.70% -7.75% 11.16% -5.61% 5.54% 13.01% 3.70%                         
      qoq
    		17.37% -2.43% -1.22% -9.94% 11.79% -4.64% 3.94% -13.57% 13.45% -6.55% 5.85% -15.63% 17.84% 7.92% 2.96% -8.76% 12.44% 2.47% 2.93% 0.59% 14.79% -5.18% -3.83% -7.39% 5.72% -6.30% 1.07% -7.58% 11.82% -7.41% -4381.25% -101.76% 4.67% -0.63% -1.47% 0.06% 9.69% -6.97% 2.09% -8.63% -3.55% -3.16% -3.58% -6.96% 3.02% 1.15% -63.95% 190.63% -4.62% -7.72% 0.76% 9.42% -11.56% 14.02% -5.11% -3.59% 6.57% -3.18% 6.09% 3.23% -2.21%                      
      cost of sales:
    		                                                                                  
      total cost of sales
    		-2,616,000,000 -2,402,000,000 -2,485,000,000 -2,542,000,000 -2,567,000,000 -2,389,000,000 -2,466,000,000 -2,474,000,000 -2,516,000,000 -2,529,000,000 -2,645,000,000 -2,497,000,000 -2,735,000,000 -2,515,000,000 -2,322,000,000 -2,211,000,000 -2,276,000,000 -1,972,000,000 -1,971,000,000 -1,654,000,000 -1,789,000,000 -1,693,000,000 -1,831,000,000 -1,871,000,000 -1,924,000,000 -1,981,000,000 -2,064,000,000 -1,976,000,000 -2,166,000,000 -1,937,000,000 -2,084,000,000 554,000,000 -2,921,000,000 -2,800,000,000 -2,899,000,000 -2,882,000,000 -2,854,000,000 -2,655,000,000 -2,967,000,000 -2,682,000,000 -3,048,000,000 -3,104,000,000 -3,263,000,000 -3,424,000,000 -3,674,000,000 -3,492,000,000 -3,468,000,000 -9,494,000,000 -3,150,000,000 -3,510,000,000 -3,682,000,000 -3,583,000,000 -3,500,000,000 -3,662,000,000 -3,042,000,000 -3,361,000,000 -3,525,000,000 -3,248,000,000 -3,393,000,000 -3,166,000,000 -3,039,000,000 -3,112,000,000 -2,651,000,000 -2,830,000,000 -2,648,000,000 -2,495,000,000 -2,456,000,000             1,668,000,000 1,701,000,000  
      operating margin
    		735,000,000 453,000,000 441,000,000 420,000,000 722,000,000 553,000,000 619,000,000 494,000,000 918,000,000 498,000,000 594,000,000 563,000,000 892,000,000 563,000,000 530,000,000 559,000,000 760,000,000 728,000,000 664,000,000 906,000,000 756,000,000 524,000,000 507,000,000 560,000,000 701,000,000 502,000,000 586,000,000 646,000,000 671,000,000 600,000,000 656,000,000 490,000,000 711,000,000 670,000,000 593,000,000 662,000,000 688,000,000 574,000,000 504,000,000 718,000,000 673,000,000 754,000,000 721,000,000 708,000,000 767,000,000 819,000,000 794,000,000                                    
      general and administrative expenses
    		-46,000,000 -49,000,000 -77,000,000 -90,000,000 -57,000,000 -66,000,000 -75,000,000 -64,000,000 -64,000,000 -72,000,000 -55,000,000 -58,000,000 -51,000,000 -46,000,000 -52,000,000 -36,000,000 -39,000,000 -45,000,000 -46,000,000 -46,000,000 -41,000,000 -40,000,000 -38,000,000 -60,000,000 -41,000,000 -49,000,000 -46,000,000 -58,000,000 -43,000,000 -35,000,000 -56,000,000 -60,000,000 -52,000,000 -49,000,000 -54,000,000 -59,000,000 -40,000,000 -47,000,000 -48,000,000 -46,000,000 -45,000,000 -50,000,000 -55,000,000 -39,000,000 -45,000,000 -52,000,000 -51,000,000 -161,000,000 -59,000,000 -61,000,000 -76,000,000 -64,000,000 -74,000,000 -87,000,000 -108,000,000 -91,000,000 -97,000,000 -95,000,000 -113,000,000 -98,000,000 -101,000,000 -82,000,000 -90,000,000 -82,000,000 -88,000,000 -85,000,000 -88,000,000                
      interest expense
    		-348,000,000 -352,000,000 -342,000,000 -360,000,000 -379,000,000 -389,000,000 -357,000,000 -353,000,000 -326,000,000 -310,000,000 -330,000,000 -304,000,000 -276,000,000 -279,000,000 -258,000,000 -242,000,000 -242,000,000 -237,000,000 -190,000,000 -297,000,000 -290,000,000 -218,000,000 -233,000,000 -262,000,000 -250,000,000 -273,000,000 -265,000,000 -257,000,000 -255,000,000 -263,000,000 -281,000,000 -136,000,000 -353,000,000 -333,000,000 -348,000,000 -345,000,000 -354,000,000 -390,000,000 -364,000,000 -375,000,000 -388,000,000 -310,000,000 -363,000,000 -385,000,000 -390,000,000 -323,000,000 -373,000,000 -1,136,000,000 -346,000,000 -377,000,000 -370,000,000 -401,000,000 -385,000,000 -416,000,000 -425,000,000 -432,000,000 -396,000,000 -351,000,000 -359,000,000 -387,000,000 -394,000,000 -393,000,000 -320,000,000 -421,000,000 -383,000,000 -391,000,000 -411,000,000                
      interest income
    		76,000,000 70,000,000 69,000,000 69,000,000 119,000,000 88,000,000 105,000,000 153,000,000 144,000,000 131,000,000 123,000,000 119,000,000 100,000,000 95,000,000 75,000,000 86,000,000 71,000,000 73,000,000 68,000,000 70,000,000 64,000,000 64,000,000 70,000,000 76,000,000 81,000,000 82,000,000 79,000,000 79,000,000 79,000,000 76,000,000 76,000,000 -47,000,000 101,000,000 93,000,000 97,000,000 99,000,000 110,000,000 138,000,000 130,000,000 151,000,000 150,000,000 133,000,000 90,000,000 160,000,000 69,000,000 73,000,000 63,000,000 212,000,000 63,000,000 66,000,000 86,000,000 89,000,000 83,000,000 91,000,000 107,000,000 103,000,000 97,000,000 95,000,000 104,000,000 97,000,000 101,000,000 109,000,000 66,000,000 94,000,000 90,000,000 98,000,000 141,000,000 100,000,000 118,000,000 119,000,000 90,000,000 116,000,000 111,000,000 97,000,000 93,000,000 86,000,000 91,000,000 52,000,000 70,000,000 82,000,000 68,000,000 84,000,000 
      loss on extinguishment of debt
    		-2,000,000 -5,000,000 -8,000,000 -6,000,000 -1,000,000 -9,000,000 -1,000,000 -62,000,000   -1,000,000 -7,000,000 -1,000,000 -1,000,000 -6,000,000 -37,000,000 -22,000,000 -18,000,000 -1,000,000 -91,000,000 -54,000,000 -40,000,000 -1,000,000 -43,000,000 -65,000,000 -51,000,000 -10,000,000 -1,000,000 -11,000,000   -24,000,000 -49,000,000   -1,000,000 -16,000,000   -21,000,000 -20,000,000 -122,000,000 -23,000,000 -65,000,000 -47,000,000 -15,000,000 -134,000,000 -64,000,000 -165,000,000                                  
      other income
    		-26,000,000 -295,000,000 -52,000,000 -22,000,000 -31,000,000 -84,000,000 -38,000,000 -61,000,000 -12,000,000 -12,000,000 -14,000,000 -17,000,000 -10,000,000 -29,000,000 -12,000,000 -28,000,000 -12,000,000 -4,000,000 -16,000,000 -26,000,000 -20,000,000 -3,000,000 -4,000,000 -45,000,000 -9,000,000 -14,000,000 -12,000,000 -16,000,000 -29,000,000 -4,000,000 -9,000,000 38,000,000 -47,000,000 -18,000,000 -29,000,000 -61,000,000 -13,000,000 -21,000,000 -8,000,000 -13,000,000 -18,000,000 -14,000,000 -20,000,000 -31,000,000 -12,000,000 -17,000,000 -8,000,000 -58,000,000 -18,000,000 -75,000,000 -34,000,000 -15,000,000 -15,000,000 -29,000,000 -25,000,000 -76,000,000 -38,000,000 -17,000,000 -156,000,000 -23,000,000 -48,000,000 -12,000,000 -44,000,000 -15,000,000 -30,000,000 -22,000,000 -24,000,000 39,000,000     -22,000,000  67,000,000 22,000,000 106,000,000 17,000,000 28,000,000 36,000,000 102,000,000 25,000,000 
      gain on disposal and sale of business interests
    		1,000,000 70,000,000 -1,000,000 308,000,000 -1,000,000 1,000,000 43,000,000 138,000,000     1,000,000 -2,000,000 1,000,000 -1,764,000,000 22,000,000 64,000,000  22,000,000 -90,000,000   19,000,000 16,000,000 -3,000,000 -4,000,000                                                        
      asset impairment reversals
    		-31,000,000 154,000,000                                                                                 
      foreign currency transaction gains
    		-19,000,000 -28,000,000  29,000,000 -28,000,000 38,000,000  -52,250,000 -100,000,000   -17,000,000 8,000,000   -2,000,000 29,000,000 -2,000,000 -35,000,000 35,000,000 2,000,000 -6,000,000 24,000,000 2,000,000 -87,000,000 22,000,000  -28,000,000 5,000,000 -30,000,000  29,000,000 21,000,000 12,000,000 -21,000,000 1,000,000 -20,000,000 -36,000,000 43,000,000 104,000,000 9,000,000 15,000,000  102,000,000 -79,000,000 7,000,000       -101,000,000 -1,000,000                 1,000,000          109,000,000 52,000,000 
      other non-operating expense
    		-32,000,000 -10,000,000                    -158,000,000 -44,000,000                -2,000,000     -68,000,000 -16,000,000 -44,000,000       -1,000,000 -49,000,000  -82,000,000    -2,000,000 -5,000,000   -2,000,000  -10,000,000 -6,000,000                
      income from continuing operations before taxes and equity in earnings of affiliates
    		327,000,000 39,000,000 -22,000,000 365,000,000 329,000,000 -77,000,000 277,000,000 -579,000,000 414,000,000 4,000,000 265,000,000 -890,000,000 617,000,000 -160,000,000 264,000,000 -1,529,000,000 586,000,000 -130,000,000 9,000,000 579,000,000 -516,000,000 105,000,000 320,000,000 105,000,000 424,000,000 118,000,000 354,000,000 346,000,000 332,000,000 342,000,000 998,000,000 25,000,000 347,000,000 240,000,000 160,000,000 -308,000,000 294,000,000 -22,000,000  237,000,000 166,000,000 384,000,000 335,000,000 434,000,000 606,000,000 418,000,000 118,000,000 639,000,000 409,000,000 299,000,000 591,000,000 -1,251,000,000 201,000,000 773,000,000 660,000,000 228,000,000 625,000,000 703,000,000 -443,000,000 381,000,000 532,000,000 580,000,000                     
      income tax benefit
    		226,000,000 -167,000,000 -17,000,000   35,000,000 16,000,000   2,000,000    19,000,000  208,000,000 -126,000,000 59,000,000  -13,750,000 147,000,000             -92,000,000    7,000,000                                          20,000,000 34,000,000  
      net equity in earnings (losses) of affiliates
    		1,000,000 -22,000,000    3,000,000    -25,000,000  -13,500,000 -26,000,000 5,000,000  -3,750,000 25,000,000 -10,000,000  -17,000,000 -112,000,000 8,000,000    5,000,000 -6,000,000             24,250,000 82,000,000                                          
      income from continuing operations
    		554,000,000   353,000,000 217,000,000       -986,000,000 446,000,000 -136,000,000  -1,330,000,000 485,000,000 -81,000,000  401,000,000 -481,000,000   -120,000,000 298,000,000 66,000,000 233,000,000 155,000,000 192,000,000 224,000,000 778,000,000 -657,000,000 261,000,000 150,000,000 98,000,000 56,000,000 230,000,000 -8,000,000  41,000,000 203,000,000 264,000,000 254,000,000 298,000,000 508,000,000 281,000,000 89,000,000 400,000,000 330,000,000 221,000,000 388,000,000 -1,403,000,000 136,000,000 519,000,000 479,000,000 150,000,000 444,000,000 495,000,000 -179,000,000 296,000,000 411,000,000 398,000,000 364,000,000 440,000,000 531,000,000 501,000,000 279,000,000 119,000,000 73,000,000 -0.54 211,000,000  179,000,000 244,000,000 85,000,000 133,000,000 92,000,000 133,000,000 67,000,000 46,000,000 65,000,000 73,000,000 
      income from disposal of discontinued businesses, net of income tax expense of 0, 7, 0, and 7, respectively
    		-37,000,000                                                                                  
      net income
    		517,000,000 -150,000,000 -73,000,000 353,000,000 210,000,000 -39,000,000 278,000,000 -643,000,000 291,000,000 -19,000,000 189,000,000 -986,000,000 446,000,000 -136,000,000 171,000,000 -1,330,000,000 485,000,000 -77,000,000 -29,000,000 401,000,000 -481,000,000 3,000,000 229,000,000 -120,000,000 298,000,000 67,000,000 233,000,000 181,000,000 191,000,000 416,000,000 777,000,000 -1,286,000,000 261,000,000 150,000,000 98,000,000 -693,000,000 229,000,000 -387,000,000 74,000,000 41,000,000 203,000,000 264,000,000 254,000,000 298,000,000 508,000,000 275,000,000 66,000,000 218,000,000 333,000,000 199,000,000 323,000,000 -1,402,000,000 207,000,000 515,000,000 445,000,000 175,000,000 427,000,000 483,000,000 -169,000,000 397,000,000 429,000,000 402,000,000 283,000,000 440,000,000 531,000,000 501,000,000 247,000,000 -455,000,000 81,000,000 -340,000,000 169,000,000 351,000,000 177,000,000 244,000,000 85,000,000 133,000,000 160,000,000 140,000,000 38,000,000 76,000,000 -129,000,000 93,000,000 
      yoy
    		146.19% 284.62% -126.26% -154.90% -27.84% 105.26% 47.09% -34.79% -34.75% -86.03% 10.53% -25.86% -8.04% 76.62% -689.66% -431.67% -200.83% -2666.67% -112.66% -434.17% -261.41% -95.52% -1.72% -166.30% 56.02% -83.89% -70.01% -114.07% -26.82% 177.33% 692.86% 85.57% 13.97% -138.76% 32.43% -1790.24% 12.81% -246.59% -70.87% -86.24% -60.04% -4.00% 284.85% 36.70% 52.55% 38.19% -79.57% -115.55% 60.87% -61.36% -27.42% -901.14% -51.52% 6.63% -363.31% -55.92% -0.47% 20.15% -159.72% -9.77% -19.21% -19.76% 14.57% -196.70% 555.56% -247.35% 46.15% -229.63% -54.24% -239.34% 98.82% 163.91% 10.62% 74.29% 123.68% 75.00% -224.03% 50.54%     
      qoq
    		-444.67% 105.48% -120.68% 68.10% -638.46% -114.03% -143.23% -320.96% -1631.58% -110.05% -119.17% -321.08% -427.94% -179.53% -112.86% -374.23% -729.87% 165.52% -107.23% -183.37% -16133.33% -98.69% -290.83% -140.27% 344.78% -71.24% 28.73% -5.24% -54.09% -46.46% -160.42% -592.72% 74.00% 53.06% -114.14% -402.62% -159.17% -622.97% 80.49% -79.80% -23.11% 3.94% -14.77% -41.34% 84.73% 316.67% -69.72% -34.53% 67.34% -38.39% -123.04% -777.29% -59.81% 15.73% 154.29% -59.02% -11.59% -385.80% -142.57% -7.46% 6.72% 42.05% -35.68% -17.14% 5.99% 102.83% -154.29% -661.73% -123.82% -301.18% -51.85% 98.31% -27.46% 187.06% -36.09% -16.87% 14.29% 268.42% -50.00% -158.91% -238.71%  
      net income margin %
    		15.43% -5.25% -2.49% 11.92% 6.38% -1.33% 9.01% -21.66% 8.47% -0.63% 5.84% -32.22% 12.30% -4.42% 6.00% -48.01% 15.97% -2.85% -1.10% 15.66% -18.90% 0.14% 9.79% -4.94% 11.35% 2.70% 8.79% 6.90% 6.73% 16.40% 28.36% 2009.38% 7.19% 4.32% 2.81% -19.55% 6.47% -11.99% 2.13% 1.21% 5.46% 6.84% 6.38% 7.21% 11.44% 6.38% 1.55% 1.84% 8.19% 4.67% 6.99% -30.56% 4.94% 10.86% 10.70% 3.99% 9.40% 11.33% -3.84% 9.56% 10.67% 9.78%                     
      less: net income attributable to noncontrolling interests and redeemable stock of subsidiaries
    		122,000,000 55,000,000 119,000,000     -29,500,000 -60,000,000 -20,000,000 -38,000,000 -31,000,000 -25,000,000  -56,000,000    -119,000,000   -86,000,000 -85,000,000         -82,000,000 -109,000,000 -97,000,000                                                 
      net income attributable to the aes corporation
    		639,000,000 -95,000,000 46,000,000 560,000,000 502,000,000 185,000,000 432,000,000 -94,000,000 231,000,000 -39,000,000 151,000,000 -903,000,000 421,000,000 -179,000,000 115,000,000 -632,000,000 343,000,000 28,000,000 -148,000,000 318,000,000 -333,000,000 -83,000,000 144,000,000 -78,000,000 210,000,000 17,000,000 154,000,000 128,000,000 101,000,000 290,000,000 684,000,000 -1,342,000,000 152,000,000 53,000,000 -24,000,000 -949,000,000 175,000,000 -482,000,000 126,000,000 -85,000,000 180,000,000 69,000,000 142,000,000 206,000,000 488,000,000 133,000,000 -58,000,000 -53,000,000 167,000,000 82,000,000 175,000,000 -1,568,000,000 140,000,000 341,000,000 -209,000,000 -131,000,000 174,000,000 224,000,000 -436,000,000 114,000,000 144,000,000 187,000,000 -48,000,000 185,000,000 303,000,000 218,000,000                 
      increase in redemption value of redeemable stock of subsidiaries
    		-5,000,000                                                                                  
      net income available to the aes corporation common stockholders
    		634,000,000 -105,000,000                                                                                 
      amounts available to the aes corporation common stockholders:
    		                                                                                  
      income from continuing operations available to the aes corporation common stockholders
    		671,000,000                                                                                  
      income from discontinued operations available to the aes corporation common stockholders
    		-37,000,000                                                                                  
      basic earnings per share:
    		                                                                  0.37 -0.68    0.53           
      diluted earnings per share:
    		                                                                  0.36 -0.67    0.52           
      diluted shares outstanding
    		714 712 713 178.25 713 713 712 178 712 669 712 177.75 711 668 711 175 710 670 666 166.25 665 665 668 166.75 667 667 667 166 665 664 663 165.5 663 662 659 165.5 662 659 663 173.5 682 695 706 181.75 740 728 724                                    
      decrease (increase) in redemption value of redeemable stock of subsidiaries
    		 -10,000,000                                                                                 
      asset impairment expense
    		  -49,000,000 -19,000,000 -79,000,000 -230,000,000 -46,000,000 -715,000,000 -158,000,000 -174,000,000 -20,000,000 -230,000,000 -50,000,000 -482,000,000 -1,000,000 -201,000,000 -29,000,000 -872,000,000 -473,000,000 -9,000,000 -849,000,000  -6,000,000 -69,000,000  -116,000,000  -42,000,000 -74,000,000 -92,000,000  -277,000,000 -2,000,000 -90,000,000 -168,000,000 -623,000,000 -79,000,000 -235,000,000 -159,000,000 -9,000,000 -231,000,000 -37,000,000 -8,000,000 -1,000,000 -15,000,000 -63,000,000 -12,000,000   -48,000,000 -1,000,000 -43,000,000 -18,000,000 -11,000,000 -29,000,000 -163,000,000 -33,000,000  -924,000,000 -296,000,000 -1,000,000                      
      foreign currency transaction losses
    		  -10,000,000    -8,000,000   -67,000,000 -42,000,000   -49,000,000 -19,000,000            -4,000,000    -19,000,000            -23,000,000    -19,000,000 -5,000,000 -17,000,000 -32,000,000 -57,000,000 -8,000,000                               
      net equity in losses of affiliates
    		  -34,000,000 -5,000,000 -9,000,000  -15,000,000 11,000,000 -14,000,000  -4,000,000    -33,000,000    -30,000,000    -2,000,000                                                            
      net income attributable to the aes corporation common stockholders
    		  0.07 0.79 0.71 0.27 0.62 -0.14 0.34 -0.06 0.22 -1.35 0.63 -0.27 0.17 -0.94 0.52 0.04 -0.22 0.48 -0.5 -0.12 0.22 -0.11 0.32 0.02 0.23 0.2 0.15 0.44 1.04 -2.04 0.23 0.08 -0.04 -1.44 0.26 -0.73 0.19 -0.12 0.27 0.1 0.2 0.29 0.68 0.18 -0.08 -0.07 0.22 0.11 0.22 -2.1 0.18 0.45 -0.27 -0.17  0.28 -0.57 0.14 0.18 0.27 -0.07 0.28 0.45 0.33                 
      income tax expense
    		   -7,000,000 -103,000,000   -44,750,000 -109,000,000  -72,000,000 -46,500,000 -145,000,000  -60,000,000    -8,000,000   -113,000,000 -89,000,000 -50,000,000 -130,000,000 -57,000,000 -115,000,000 -199,000,000 -146,000,000 -132,000,000 -231,000,000 -720,000,000 -110,000,000  -69,000,000 -41,250,000 -75,000,000  -92,000,000 -204,000,000 -45,000,000 -120,000,000 -96,000,000 -116,000,000 -92,000,000 -157,000,000 -54,000,000 -262,000,000 -81,000,000 -82,000,000 -189,000,000 -176,000,000 -76,000,000 -267,000,000 -167,000,000 -84,000,000 -178,000,000 -218,000,000 255,000,000 -111,000,000 -255,000,000 -196,000,000 -114,000,000 -205,000,000 -105,000,000 -175,000,000 -274,000,000         126,000,000      40,000,000 
      income from disposal of discontinued businesses
    		   -1,750,000 -7,000,000                                                                              
      less: net income (income) attributable to noncontrolling interests and redeemable stock of subsidiaries
    		   207,000,000 292,000,000 224,000,000 154,000,000       -43,000,000  -39,000,000 -142,000,000 105,000,000  -5,750,000 148,000,000                                                              
      amounts attributable to the aes corporation common stockholders:
    		                                                                                  
      income from continuing operations, net of tax
    		   560,000,000 509,000,000       -903,000,000 421,000,000 -179,000,000  -632,000,000 343,000,000 24,000,000  318,000,000 -333,000,000 -86,000,000  -78,000,000 210,000,000 16,000,000 154,000,000 102,000,000 102,000,000 96,000,000 685,000,000 -688,000,000 152,000,000 53,000,000 -24,000,000 -200,000,000 176,000,000 -103,000,000  -85,000,000 180,000,000 69,000,000 142,000,000 206,000,000 488,000,000 142,000,000 -47,000,000 120,000,000 164,000,000 106,000,000 240,000,000 -1,569,000,000 69 345 162 -119 191 236 -444 43 134 185 23 185 303 218                 
      income from discontinued operations, net of tax
    		    -7,000,000             4,000,000    3,000,000    1,000,000  26,000,000 -1,000,000 194,000,000 -1,000,000     -749,000,000 -1,000,000 -379,000,000        -9,000,000 -11,000,000 -173,000,000 3,000,000 -24,000,000 -65,000,000 1,000,000                               
      income from continuing operations attributable to the aes corporation common stockholders, net of tax
    		   0.79 0.72       -1.35 0.63 -0.27  -0.94 0.52 0.03    -0.13  -0.11 0.32 0.02  0.16 0.15 0.15  -1.05 0.23 0.08 -0.04 0.078 0.26 -0.16  -0.12 0.27 0.1 0.2 0.29 0.68 0.2 -0.07 0.16 0.22 0.14 0.31 -2.1 0.09 0.45 0.21 -0.15 0.24 0.3 -0.58 0.05 0.17 0.27 0.03 0.28 0.45 0.33                 
      income from discontinued operations attributable to the aes corporation common stockholders, net of tax
    		    -0.01             0.01    0.01      0.04  0.29      -1.13  -0.57        -0.02 -0.01   -0.03 0.023                                
      loss on disposal and sale of business interests
    		         -4,000,000         -5,000,000   -27,000,000                                                             
      gain from disposal of discontinued businesses
    		               1,000,000  4,000,000  750,000  3,000,000                                                             
      net equity in earnings of affiliates
    		                       750,000 4,000,000   8,000,000 6,000,000 14,000,000 11,000,000 38,000,000 24,000,000 2,000,000 7,000,000 11,000,000 11,000,000 7,000,000 6,000,000    15,000,000 -20,000,000 -6,000,000 20,000,000 25,000,000 500,000 2,000,000 4,000,000 12,000,000 24,000,000 11,000,000 13,000,000 3,000,000 6,000,000 -3,000,000 10,000,000 9,000,000 26,000,000 134,000,000 14,000,000 17,000,000 18,000,000 50,000,000 7,000,000                 
      income from operations of discontinued businesses, net of income tax expense of 0, 0, 0, and 2, respectively
    		                                                                                  
      gain from disposal of discontinued businesses, net of income tax expense of 0, 2, 0, and 44, respectively
    		                       250,000                                                           
      less: income from continuing operations attributable to noncontrolling interests and redeemable stock of subsidiaries
    		                       42,000,000 -88,000,000 -50,000,000 -79,000,000                                                        
      less: income from discontinued operations attributable to noncontrolling interests
    		                                           2,250,000   12,000,000   -2,000,000     -337,000,000 -37,000,000   -10,500,000 -30,000,000 -8,000,000 -2,000,000                     
      income from operations of discontinued businesses, net of income tax expense of 0, 2, 0, and 2, respectively
    		                                                                                  
      gain from disposal of discontinued businesses, net of income tax expense of 0, 42, 0, and 42, respectively
    		                         1,000,000                                                         
      income from operations of discontinued businesses
    		                                                                     8,000,000        7,000,000  30,000,000  22,000,000 
      gain on disposal and sale of businesses
    		                           214,000,000 -21,000,000 89,000,000 788,000,000 -3,000,000 -1,000,000 -48,000,000  -1,000,000  -17,000,000                                             
      income from operations of discontinued businesses, net of income tax expense of 0, 17, 2 and 24, respectively
    		                           -2,250,000 -4,000,000                                                      
      gain from disposal of discontinued businesses, net of income tax expense of 2, 0, 44 and 0, respectively
    		                           49,750,000 3,000,000                                                      
      noncontrolling interests:
    		                                                                                  
      less: income from continuing operations attributable to noncontrolling interests and redeemable stocks of subsidiaries
    		                           -77,750,000 -90,000,000 -128,000,000 -93,000,000                                                    
      less: loss (income) from discontinued operations attributable to noncontrolling interests
    		                             2,000,000                                                     
      dividends declared per common share
    		                           0.27 0.13  0.13 0.25 0.12  0.12 0.23 0.11  0.11 0.21 0.1 0.1  0.15 0.05 0.05  0.09 0.08                                  
      gain on extinguishment of debt
    		                             -6,000,000 -170,000,000   -12,000,000 17,000,000    4,000,000                                            
      income from operations of discontinued businesses, net of income tax expense of 2, 5, 2 and 7, respectively
    		                             -4,000,000                                                     
      gain from disposal of discontinued businesses, net of income tax expense of 42, 0, 42 and 0, respectively
    		                             196,000,000                                                     
      income from operations of discontinued businesses, net of income tax expense of 0 and 2, respectively
    		                              -1,000,000                                                    
      income from operations of discontinued businesses, net of income tax benefit of 4 for the nine months ended september 30, 2016
    		                                                                                  
      net income from disposal and impairments of discontinued businesses, net of income tax benefit of 401 for the nine months ended september 30, 2016
    		                                   -95,500,000                                               
      income from operations of discontinued businesses, net of income tax benefit of 0, , 0 and 3, respectively
    		                                                                                  
      net income from disposal and impairments of discontinued businesses, net of income tax benefit of 0, 401, 0 and 401, respectively
    		                                                                                  
      income from operations of discontinued businesses, net of income tax benefit of 4
    		                                                                                  
      less: net (income) loss attributable to noncontrolling interests
    		                                  -125,000,000                                                
      less: net income attributable to redeemable stocks of subsidiaries
    		                                  3,000,000 3,000,000 3,000,000                                              
      total net (income) loss attributable to noncontrolling interests
    		                                  -122,000,000                                                
      income from operations of discontinued businesses, net of income tax benefit (expense) of 0, , 4 and 6, respectively
    		                                   -1,750,000 -1,000,000                                              
      less: net income attributable to noncontrolling interests
    		                                   -26,250,000 -57,000,000 -95,000,000                         -191,500,000 -255,000,000 -228,000,000 -283,000,000                 
      income from operations of discontinued businesses, net of income tax benefit of , 3, 3 and 7, respectively
    		                                     3,000,000                                             
      net income from disposal and impairments of discontinued businesses, net of income tax benefit of 401, 0, 401 and 0, respectively
    		                                     -382,000,000                                             
      gain on sale of businesses
    		                                      47,000,000                                            
      income from operations before taxes and equity in earnings of affiliates
    		                                      160,000,000                                            
      less: net income (income) attributable to noncontrolling interests
    		                                      52,000,000                                            
      gain on disposals and sale of investments
    		                                       6,000,000 23,000,000   90,750,000 362,000,000                                      
      goodwill impairment expense
    		                                           -10,000,000   -154,000,000                                    
      income from operations of discontinued businesses, net of income tax expense of 0, 0, 0 and 22, respectively
    		                                                                                  
      net income from disposal and impairments of discontinued businesses, net of income tax expense of 0, 0, 0 and 4, respectively
    		                                                                                  
      less: (income) from continuing operations attributable to noncontrolling interests
    		                                       -126,000,000 -23,000,000 -195,000,000                                         
      total net income attributable to noncontrolling interests
    		                                       -126,000,000 -23,000,000 -195,000,000 -112,000,000 -92,000,000 -20,000,000 -142,000,000 -124,000,000 -271,000,000 -166,000,000 -117,000,000 -148,000,000 -166,000,000 -67,000,000 -174,000,000 -654,000,000 -306,000,000 -253,000,000 -259,000,000 -267,000,000 -283,000,000 -285,000,000 -215,000,000                     
      income from operations of discontinued businesses, net of income tax expense of 0, 8, 0 and 22, respectively
    		                                                                                  
      net income from disposal and impairments of discontinued businesses, net of income tax benefit of 0, 5, 0 and 4, respectively
    		                                                                                  
      less: (income) income from discontinued operations attributable to noncontrolling interests
    		                                             -3,000,000                                     
      income from operations of discontinued businesses, net of income tax expense of 0 and 14, respectively
    		                                                                                  
      net income from disposal and impairments of discontinued businesses, net of income tax benefit of 0 and , respectively
    		                                                                                  
      less: income from continuing operations attributable to noncontrolling interests
    		                                          -112,000,000 -73,750,000 -20,000,000 -139,000,000 -136,000,000 -280,000,000 -166,000,000 -115,000,000 -148,000,000 -166,000,000 -67,000,000 -174,000,000 -317,000,000 -269,000,000 -253,000,000  -265,000,000 -253,000,000 -277,000,000 -213,000,000                     
      plus: income from discontinued operations attributable to noncontrolling interests
    		                                                                                  
      income from operations of discontinued businesses, net of income tax benefit of 0, , 22, and 2, respectively
    		                                           6,750,000                                       
      net income from disposal and impairments of discontinued businesses, net of income tax benefit of 0, , 4, and , respectively
    		                                           -14,000,000                                       
      gain on sale of investments
    		                                              1,000,000 6,000,000 20,000,000 3,000,000 5,000,000 30,000,000 5,000,000 179,000,000 1,000,000  1,000,000 6,000,000     -1,000,000 17,000,000 102,000,000 13,000,000 9,000,000 1,000,000 1,000,000 10,000,000  87,000,000           
      income from operations of discontinued businesses, net of income tax expense of 8, 7, 22, and 5, respectively
    		                                             7,000,000                                     
      net gain from disposal and impairments of discontinued businesses, net of income tax (benefit) expense of 5, 0, 4, and , respectively
    		                                             -13,000,000                                     
      income from operations of discontinued businesses, net of income tax benefit of 14 and , respectively
    		                                              20,000,000                                    
      net income from disposal and impairments of discontinued businesses, net of income tax benefit of and , respectively
    		                                              -43,000,000                                    
      gross margin
    		                                               229,500,000 918,000,000 755,000,000 940,000,000 1,004,000,000 692,000,000 1,078,000,000 1,115,000,000 1,020,000,000 1,019,000,000 1,016,000,000 1,011,000,000 985,000,000 982,000,000 1,000,000,000 757,000,000 1,008,000,000 847,000,000 883,000,000 888,000,000 868,000,000 787,000,000 974,000,000 919,000,000 954,000,000 929,000,000 899,000,000 526,000,000 782,000,000       
      yoy
    		                                               -77.14% 32.66% -29.96% -15.70% -1.57% -32.09% 6.10% 10.29% 3.55% 3.77% 1.60% 33.55% -2.28% 15.94% 13.25% -14.75% 16.13% 7.62% -9.34% -3.37% -9.01% -15.29% 8.34% 74.71% 21.99%           
      qoq
    		                                               -75.00% 21.59% -19.68% -6.37% 45.09% -35.81% -3.32% 9.31% 0.10% 0.30% 0.49% 2.64% 0.31% -1.80% 32.10% -24.90% 19.01% -4.08% -0.56% 2.30% 10.29% -19.20% 5.98% -3.67% 2.69% 3.34% 70.91% -32.74%        
      gross margin %
    		0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 1.94% 22.57% 17.70% 20.34% 21.89% 16.51% 22.74% 26.82% 23.28% 22.43% 23.83% 22.96% 23.73% 24.42% 24.32%                     
      income from operations of discontinued businesses, net of income tax (benefit) expense of 1, 3, 0, and 5, respectively
    		                                                                                  
      net gain from disposal and impairments of discontinued businesses, net of income tax (benefit) expense of , 61, , and 61, respectively
    		                                               750,000 3,000,000                                  
      income from operations of discontinued businesses, net of income tax (benefit) expense of and 2, respectively
    		                                                 14,000,000                                 
      net income from disposal and impairments of discontinued businesses, net of income tax (benefit) expense of and 0, respectively
    		                                                 -36,000,000                                 
      goodwill impairment
    		                                                  33,000,000 -1,850,000,000    -17,000,000   -3,000,000 -18,000,000                       
      income from operations of discontinued businesses, net of income tax (benefit) expense of , (16), 3, and (22), respectively
    		                                                   3,000,000                               
      net gain from disposal and impairments of discontinued businesses, net of income tax (benefit) expense of , 0, 60, and 0, respectively
    		                                                  17,000,000 -2,000,000                               
      dividends declared per common share:
    		                                                  0.01 0.04                               
      income from operations of discontinued businesses, net of income tax (benefit) expense of 3, , 5, and , respectively
    		                                                    -4,000,000                              
      net gain from disposal and impairments of discontinued businesses, net of income tax expense of 61, 0, 61, and 0, respectively
    		                                                    75,000,000                              
      discontinued operations attributable to the aes corporation common stockholders, net of tax
    		                                                    0.09  -0.48 -0.02 -0.02 -0.02 0.01 0.09 0.01                      
      discontinued operations, net of tax
    		                                                    71 -4 -371 -12 -17 -12 8 71 10 2                     
      income from operations of discontinued businesses, net of income tax (benefit) expense of 2 and , respectively
    		                                                     1,000,000                             
      net gain from disposal and impairments of discontinued businesses, net of income tax expense of 0 and 0, respectively
    		                                                     -5,000,000                             
      foreign currency transaction gains on net monetary position
    		                                                      -5,250,000 -92,000,000 38,000,000 33,000,000 -14,000,000 103,000,000 -71,000,000 -51,000,000   27,000,000 -39,000,000                 
      income from operations of discontinued businesses, net of income tax (benefit) expense of (31), 8, (33) and 23, respectively
    		                                                      5,750,000 25,000,000                           
      gain from disposal of discontinued businesses, net of income tax expense of 0, 38, 0 and 38, respectively
    		                                                                                  
      income from operations of discontinued businesses, net of income tax (benefit) expense of , , (13) and 5, respectively
    		                                                        -17,000,000                          
      gain from disposal of discontinued businesses, net of income tax (benefit) expense of 0, 0, 0 and 0, respectively
    		                                                                                  
      common stockholders
    		                                                        0.22                          
      amounts attributable to the aes corporation
    		                                                                                  
      common stockholders:
    		                                                                                  
      income from operations of discontinued businesses, net of income tax (benefit) expense of and 11, respectively
    		                                                         -12,000,000                         
      income from disposal of discontinued businesses, net of income tax expense of 0 and 0, respectively
    		                                                                                  
      income from continuing operations attributable to noncontrolling interests
    		                                                         -259,000,000                         
      income from discontinued operations attributable to noncontrolling interests
    		                                                                                  
      income from operations of discontinued businesses, net of income tax expense of 0, 2, 2 and 3, respectively
    		                                                          18,000,000 22,000,000                       
      gain from disposal of discontinued businesses, net of income tax expense of 38, 0, 38 and 0, respectively
    		                                                          14,250,000 79,000,000                       
      income from operations of discontinued businesses, net of income tax expense of 1, 0, 2 and 1, respectively
    		                                                            27,000,000                      
      income from disposal of discontinued businesses, net of income tax benefit of 0, 0, 0 and 0, respectively
    		                                                            -9,000,000                      
      income from operations of discontinued businesses, net of income tax expense of 1 and 1, respectively
    		                                                             17,000,000                     
      income from disposal of discontinued businesses, net of income tax benefit of — and —, respectively
    		                                                             -13,000,000                     
      revenues:
    		                                                                                  
      total revenues
    		                                                              2,677,750,000 3,838,000,000 3,495,000,000 3,378,000,000 3,344,000,000 3,121,000,000 3,129,000,000 3,150,000,000 3,038,000,000 3,013,000,000 2,973,000,000 2,782,000,000 2,668,000,000 2,645,000,000 2,543,000,000 2,423,000,000 2,263,000,000 2,322,000,000 2,192,000,000 2,223,000,000 
      impairment expense
    		                                                              -1,750,000 -6,000,000 -1,000,000                  
      foreign currency transaction losses on net monetary position
    		                                                              -3,250,000 -1,000,000   -4,000,000                
      income from continuing operations before income taxes and equity in earnings of affiliates
    		                                                              470,500,000 627,000,000 586,000,000 669,000,000                 
      income from operations of discontinued businesses, net of income tax expense of —, —, — and —, respectively
    		                                                                                  
      income from disposal of discontinued businesses, net of income tax expense of —, —, — and —, respectively
    		                                                                                  
      income from operations of discontinued businesses, net of income tax benefit of —, 1, — and —, respectively
    		                                                                                  
      income from continuing operations attributable to the aes corporation common stockolders, net of tax
    		                                                                0.45                  
      income from operations of discontinued businesses, net of income tax expense of — and 1, respectively
    		                                                                                  
      income from disposal of discontinued businesses, net of income tax expense of — and —, respectively
    		                                                                                  
      equity in earnings of affiliates
    		                                                                  21,000,000 20,000,000 -15,000,000 28,000,000 23,000,000 36,000,000 10,000,000 20,000,000 21,000,000 25,000,000 13,000,000 18,000,000 23,000,000    
      income before income taxes and minority interest
    		                                                                  788,000,000 441,000,000 250,000,000  483,000,000 633,000,000 411,000,000 484,000,000 186,000,000 350,000,000 235,000,000 263,000,000 185,000,000 101,000,000 121,000,000 144,000,000 
      minority interest expense
    		                                                                  -235,000,000         91,000,000       
      income from operations of discontinued businesses net of income tax expense of 11, 26, 23 and 39, respectively
    		                                                                  9,000,000                
      income from disposal of discontinued businesses net of income tax expense of —
    		                                                                  -41,000,000                
      income from extraordinary item net of income tax expense of —
    		                                                                                  
      discontinued operations
    		                                                                  -0.05   0.02        0.01  0.05  0.04 
      extraordinary item
    		                                                                    5,250,000  21,000,000            
      income from operations of discontinued businesses net of income tax expense of 12 and 13, respectively
    		                                                                   62,000,000               
      income from impairment of discontinued businesses net of income taxes of —
    		                                                                                  
      revenues
    		                                                                                  
      cost of sales
    		                                                                                  
      loss on sale of subsidiary stock
    		                                                                                  
      foreign currency transaction (losses)
    		                                                                                  
      gain on sale of discontinuted business
    		                                                                    1,250,000 5,000,000             
      basic earnings per share
    		                                                                    0.068 -0.52 0.26  0.173 0.38 0.13 0.2 0.25 0.22 0.06    
      diluted earnings per share
    		                                                                    0.068 -0.52 0.25  0.17 0.37 0.13 0.2 0.25 0.21 0.06    
      loss on sale of investments, asset and goodwill impairment expense
    		                                                                                  
      loss on sale of investments and asset impairment expense
    		                                                                                  
      loss on sale or write-down of investments and asset impairment expense
    		                                                                                  
      minority interest, net of taxes
    		                                                                                  
      income before cumulative effect of accounting change
    		                                                                            160,000,000 140,000,000 38,000,000 76,000,000  95,000,000 
      cumulative effect of accounting change
    		                                                                                  
      selling, general and administrative expenses
    		                                                                                  
      equity in pre-tax earnings (losses) of affiliates
    		                                                                               12,000,000   
      minority interest in net income (losses) of subsidiaries
    		                                                                               35,000,000 22,000,000 31,000,000 
      total
    		                                                                               0.12 -0.22 0.17 
      equity in pre-tax earnings of affiliates
    		                                                                                21,000,000 24,000,000 
      loss on sale of investments
    		                                                                                  
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.