| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 294 | -223 | -73 | 449 |
| Depreciation, amortization, and accretion of aros | 1,056 | 691 | 337 | 926 |
| Emissions allowance expense | 241 | 178 | 102 | 144 |
| Loss (gain) on realized/unrealized derivatives | 49 | 71 | -15 | -194 |
| Sales-type lease, selling profit (loss) | -221 | -208 | - | - |
| Gain (loss) on disposal and sale of business interests | 70 | 69 | -1 | 43 |
| Asset impairment charges | -32 | -95 | 49 | 355 |
| Loss on realized/unrealized foreign currency | 35 | 24 | - | 92 |
| Deferred income tax expense (benefit), net of tax credit transfers allocated to aes | 402 | 149 | 10 | 423 |
| Tax credit transfer proceeds allocated to noncontrolling interests | 568 | 212 | - | - |
| Other | -268 | -220 | -129 | -81 |
| (increase) decrease in accounts receivable | 16 | -26 | 99 | 576 |
| (increase) decrease in inventory | -10 | 29 | 28 | -58 |
| (increase) decrease in prepaid expenses and other current assets | 24 | -198 | -169 | -120 |
| (increase) decrease in other assets | -63 | -75 | -18 | -177 |
| Increase (decrease) in accounts payable and other current liabilities | 147 | -116 | 3 | 34 |
| Increase (decrease) in income tax payables, net and other tax payables | -484 | -82 | -83 | -514 |
| Increase (decrease) in other liabilities | 90 | 83 | 25 | 132 |
| Net cash provided by operating activities | 2,818 | 1,521 | 545 | 1,664 |
| Capital expenditures | 4,394 | 2,586 | 1,254 | 5,665 |
| Payments to acquire businesses and interest in affiliates | 104 | 112 | 4 | 79 |
| Proceeds from divestiture of businesses and interests in affiliates | 105 | 5 | 5 | 11 |
| Sale of short-term investments | 70 | 52 | 33 | 731 |
| Purchase of short-term investments | 57 | 36 | 18 | 725 |
| Contributions and loans to equity affiliates | 2 | 1 | 1 | 71 |
| Payments to acquire intangible assets | 260 | 234 | 39 | 157 |
| Other investing | -24 | -30 | 4 | 134 |
| Net cash used in investing activities | -4,618 | -2,882 | -1,282 | -6,089 |
| Borrowings under the revolving credit facilities | 2,711 | 2,128 | 1,187 | 5,652 |
| Repayments under the revolving credit facilities | 3,951 | 2,398 | 451 | 4,051 |
| Proceeds from (repayments of) commercial paper | 643 | 67 | 255 | 611 |
| Issuance of recourse debt | 800 | 800 | 800 | 950 |
| Repayments of recourse debt | 898 | 774 | 774 | - |
| Issuance of non-recourse debt | 4,397 | 2,332 | 1,293 | 5,199 |
| Repayments of non-recourse debt | 2,523 | 1,490 | 759 | 3,311 |
| Payments for financing fees | 101 | 49 | 21 | 88 |
| Purchases under supplier financing arrangements | -1,237 | -567 | -317 | -1,211 |
| Repayments of obligations under supplier financing arrangements | 1,108 | 862 | 628 | 1,412 |
| Distributions to noncontrolling interests | 523 | 338 | 84 | 165 |
| Acquisitions of noncontrolling interests | 143 | - | - | - |
| Contributions from noncontrolling interests | 337 | 274 | 73 | 137 |
| Sales to noncontrolling interests | 1,289 | 1,138 | 245 | 869 |
| Issuance of preferred shares in subsidiaries | 528 | 452 | - | - |
| Dividends paid on aes common stock | 376 | 250 | 125 | 361 |
| Payments for financed capital expenditures | 28 | 21 | 7 | 29 |
| Other financing | -38 | -114 | -4 | -25 |
| Net cash provided by financing activities | 2,253 | 1,462 | 1,317 | 5,187 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -22 | -5 | -1 | -47 |
| Net cash change of discontinued and held for sale businesses | 79 | 66 | -52 | -146 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, period increase (decrease), including exchange rate effect | 510 | 162 | 527 | 569 |
| Cash and cash equivalents at beginning of period | 2,039 | - | - | - |
| Cash and cash equivalents at end of period | 2,549 | - | - | - |
AES CORP (AES)
AES CORP (AES)