The AES Corporation (AES) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	13.1B	12.2B	12.3B	12.7B	12.6B
Cost of Revenue	10.4B	10.0B	10.0B	10.2B	10.1B
Gross Profit	2.6B	2.2B	2.3B	2.5B	2.5B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	232.0M	241.0M	288.0M	255.0M	207.0M
General & Admin Expense	232.0M	241.0M	288.0M	255.0M	207.0M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	135.0M	—	—	—	—
Total Operating Expenses	367.0M	241.0M	288.0M	255.0M	207.0M
Cost and Expenses	10.8B	10.3B	10.3B	10.4B	10.3B
Operating Income (EBIT)	2.3B	2.0B	2.0B	2.3B	2.3B
Non-Operating
Interest Income	278.0M	287.0M	381.0M	551.0M	389.0M
Interest Expense	1.4B	1.4B	1.5B	1.3B	1.1B
Net Interest Income	(1.2B)	(1.1B)	(1.1B)	(751.0M)	(670.0M)
Other Non-Op Income/Expense	(1.1B)	(1.9B)	(1.2B)	(2.2B)	(2.6B)
Non-Operating Income (excl Interest)	(45.0M)	488.0M	(383.0M)	854.0M	1.5B
EBT (Pre-Tax Income)	1.2B	20.0M	868.0M	72.0M	(240.0M)
Income Tax Expense	69.0M	(181.0M)	59.0M	261.0M	265.0M
Bottom Line
Net Income	1.9B	949.0M	1.7B	242.0M	(546.0M)
Earnings from Cont. Ops	1.1B	201.0M	809.0M	(189.0M)	(505.0M)
Earnings from Discont. Ops	(37.0M)	—	—	—	—
Bottom Line Net Income	1.9B	939.0M	1.7B	243.0M	(546.0M)
Per Share
Basic EPS	$2.63	$1.26	$2.38	$0.37	($0.82)
Diluted EPS	$2.63	$1.26	$2.36	$0.35	($0.82)
Revenue Per Share	$18.31	$17.18	$17.40	$18.95	$18.95
Shares
Basic Shares Outstanding	713.0M	712.0M	705.5M	669.0M	665.9M
Diluted Shares Outstanding	715.0M	712.0M	713.0M	712.0M	668.0M
Profitability Metrics
EBITDA	4.5B	2.9B	3.7B	2.5B	1.9B
D&A	2.2B	1.5B	1.3B	1.1B	1.1B
EBIT	2.3B	1.5B	2.4B	1.4B	890.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026