THE AES CORPORATION AES Cash Flow

The aes corporation (AES)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
OPERATING ACTIVITIES:
Net income
474	478	779	672	1,021	1,565	98	168	-98	-777	-184	-216	-753	-777	-43	-69	582	762	1,019	1,324	1,335	1,147	645	360	418	551	1,078	-547	-673	-357	-235	1,342	1,562	1,530	916	1,138	1,140	1,059	1,511	1,554	1,656	1,755	0	0	0
Adjustments to net income:
Depreciation and amortization
1,067	1,045	1,007	1,003	995	1,003	1,055	1,100	1,132	1,169	1,183	1,171	1,177	1,176	1,141	1,133	1,136	1,144	1,188	1,217	1,237	1,245	1,249	1,258	1,271	1,294	1,338	1,349	1,363	1,394	1,353	1,346	1,317	1,262	1,249	1,216	1,190	1,178	1,158	1,135	1,097	1,049	0	0	0
Gain (Loss) on Disposition of Business
32	28	137	100	192	984	853	873	736	-52	-50	-49	-18	29	35	59	75	29	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment expenses
327	277	0	0	0	-	-	-	-	537	883	960	1,105	1,098	801	953	755	602	355	155	225	383	656	886	779	661	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-68	-8	96	145	195	313	896	873	858	672	-321	-368	-830	-793	-517	-510	-7	-50	-44	12	-21	47	7	-60	-115	-158	-21	44	74	162	-31	-155	-115	-199	-516	-507	-430	-418	70	243	69	15	0	0	0
Provisions for (reversals of) contingencies
-	-	-	-	-	-	-	-	-	-	46	46	35	48	-191	-227	-57	-72	16	52	-36	-34	386	396	326	312	65	46	4	47	-117	-111	-35	-30	-2	11	13	37	-33	4	26	-122	0	0	0
(Gain) loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-213	-166	-316	-229	-220	-220	-55	-8	0	0	0	-	-	-	-	-	-	-	-	6	0	0	0
Loss on extinguishment of debt
160	169	127	73	28	188	211	249	255	68	52	19	7	20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Assets
-5	-54	-25	-41	-32	-27	-32	-26	-33	-43	-46	-43	-50	-38	0	0	0	-	-	-	-	20	0	0	0	-	1,753	-114	-148	-45	-1,501	88	75	-20	-1,284	-1,332	-1,312	-1,313	-522	-178	-73	-57	0	0	0
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-50	-106	-183	-169	-163	-154	-78	46	84	0	0	0	-	-	-	-	209	0	0	0	-	-	-	-
Other
-233	-324	-354	-300	-310	-283	-282	-172	-172	-148	-147	-203	-231	-180	-64	-17	60	-8	-7	-117	-121	-92	-194	-55	-13	-33	3	-6	-49	-33	-224	-110	-105	-149	115	-78	-95	-31	-15	53	38	99	0	0	0
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable
-24	-73	54	202	158	206	23	51	266	177	377	249	-250	-237	-271	-432	4	378	340	652	638	520	483	357	115	-146	-85	-125	10	241	242	229	313	236	147	211	146	98	-8	4	82	-62	0	0	0
(Increase) decrease in inventory
-69	-28	26	-22	38	36	-25	18	28	28	60	13	-50	-42	-21	-40	15	26	-16	63	71	48	53	11	-8	-16	-28	-55	-31	-24	33	96	83	141	117	77	62	-10	15	24	78	34	0	0	0
(Increase) decrease in prepaid expenses and other current assets
28	-42	54	-79	-58	22	18	121	37	-107	-340	-550	-707	-870	-948	-996	-861	-655	-316	-131	-69	73	57	-231	-476	-358	-433	-157	-45	-120	-16	138	137	7	-258	-365	-367	-385	-249	-282	-302	-147	0	0	0
(Increase) decrease in other assets
101	20	9	36	49	32	51	125	233	295	280	234	273	251	439	662	1,036	1,305	1,387	1,222	569	723	393	272	502	103	359	443	478	589	615	653	570	403	364	240	167	248	95	89	174	177	0	0	0
Increase (decrease) in accounts payable and other current liabilities
-130	-6	79	123	153	62	-28	204	162	163	110	-193	-612	-619	-774	-705	-314	31	167	288	-227	-85	-194	-700	-517	-758	-551	-150	238	330	425	804	629	322	332	-27	39	136	-145	-107	-60	-308	0	0	0
Increase (decrease) in income tax payables, net and other tax payables
-12	-83	-70	-120	-42	-7	-4	52	15	53	67	-5	-13	-199	-91	-71	-80	53	24	-44	102	-89	-78	53	12	95	38	68	-9	-47	166	69	110	166	-5	104	158	166	12	-56	0	88	0	0	0
Increase (decrease) in other liabilities
-33	-73	-1	48	71	55	29	32	68	112	110	129	407	473	578	487	502	533	649	903	702	516	215	-21	-159	-98	66	79	293	335	399	418	333	351	376	379	274	257	-215	-278	-290	-366	0	0	0
Net cash provided by operating activities
2,149	2,466	2,437	2,443	2,518	2,343	2,484	2,456	2,311	2,504	2,416	2,496	2,965	2,897	2,811	2,907	2,337	2,134	2,080	1,928	2,007	1,791	1,891	1,983	2,318	2,715	2,812	2,972	2,985	2,901	2,700	2,821	2,916	2,884	3,362	3,227	3,299	3,465	2,750	2,752	2,522	2,211	0	0	0
INVESTING ACTIVITIES:
Capital expenditures
2,477	2,405	2,157	2,197	2,130	2,121	2,182	2,048	2,198	2,177	2,162	2,213	2,179	2,345	2,391	2,395	2,329	2,308	2,314	2,276	2,236	2,016	2,047	2,030	1,986	1,988	1,857	1,903	1,930	2,108	2,179	2,482	2,530	2,430	2,614	2,327	2,296	2,310	2,283	2,329	2,439	2,520	0	0	0
Acquisitions of business interests, net of cash and restricted cash acquired
202	192	0	0	0	-	-	-	-	-	-	-	-	52	61	10	6	17	17	18	745	728	0	0	0	-	-	-	-	-	-	-	-	3,562	175	311	358	254	0	0	0	-	-	-	-
Proceeds from the sale of business interests, net of cash and restricted cash sold
-	-	-	-	-	2,020	1,865	1,883	1,284	108	420	415	427	538	199	292	253	138	235	919	1,778	1,807	1,671	925	198	170	374	442	577	639	1,312	1,251	982	927	273	405	504	595	0	0	0	-	-	-	-
Proceeds from the sale of assets
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	94	87	48	46	32	97	117	117	101	43	27	23	0	0	0	-	-	-	-
Sale of short-term investments
770	666	816	1,214	1,303	1,302	1,608	2,028	2,782	3,540	4,099	4,072	4,208	4,904	4,915	5,153	5,378	4,851	4,851	4,765	4,530	4,503	4,321	4,248	4,075	4,361	4,696	5,143	6,267	6,437	7,000	6,615	6,339	6,075	5,394	5,712	6,021	5,786	5,832	5,396	4,533	4,526	0	0	0
Purchase of short-term investments
827	770	768	897	1,286	1,411	1,852	2,372	2,939	3,310	4,027	4,221	4,159	5,151	4,993	5,337	5,455	4,801	4,842	4,968	4,684	4,623	4,191	3,987	3,944	4,443	4,781	5,027	5,544	5,907	6,992	6,628	6,534	5,860	4,887	5,033	5,874	5,795	6,014	5,763	4,664	4,248	0	0	0
Contributions and loans to equity affiliates
349	324	302	228	191	145	141	136	133	89	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	155	111	130	114	97	95	95	148	155	0	0	0
Increase in restricted cash, debt service reserves, and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	222	250	-12	159	-197	-241	-363	-419	-131	-139	-70	-44	-25	-90	88	15	24	280	206	223	186	46	47	104	52	77	37	-302	0	0	0
Decrease in debt service reserves and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	426	139	2	56	-96	-136	-51	-185	0	0	0
Proceeds from Contribution in Aid of Construction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	122	121	120	92	8	0	0	0	-	-	-	-	-	-	-	-
Other investing
51	24	34	66	71	101	77	119	68	77	39	9	54	24	40	72	44	67	12	-18	56	18	1	-5	-81	-89	-55	-39	-11	0	11	-2	-23	2	77	96	115	35	-20	5	-31	26	0	0	0
Net cash used in investing activities
-2,793	-2,721	-2,026	-1,738	-1,584	-505	-834	-1,383	-1,866	-2,599	-2,222	-1,906	-1,905	-2,136	-2,596	-2,622	-2,194	-2,366	-1,931	-1,335	-1,050	-656	-871	-1,459	-1,519	-1,774	-1,486	-1,249	-751	-895	-3,848	-4,501	-5,030	-4,906	-2,427	-1,842	-2,046	-2,040	-2,220	-2,488	-2,589	-1,917	0	0	0
FINANCING ACTIVITIES:
Borrowings under the revolving credit facilities
2,716	2,026	1,900	1,629	1,488	1,865	2,101	2,751	2,812	2,156	1,875	1,339	1,442	1,465	1,361	1,262	1,106	959	755	460	720	836	1,919	1,843	1,341	1,139	3,088	3,131	3,084	2,788	-11	2	132	437	130	115	76	78	181	130	190	11	0	0	0
Repayments under the revolving credit facilities
1,776	1,735	1,684	1,794	1,729	2,238	2,486	2,260	2,441	1,742	1,428	1,276	1,401	1,433	1,149	1,259	991	937	734	586	744	834	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of recourse debt
-	-	-	-	-	1,000	1,000	1,500	2,025	1,025	0	0	0	-	-	-	-	-	-	-	-	1,525	1,525	1,525	1,500	750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of recourse debt
467	450	601	155	160	1,933	1,781	2,274	2,786	1,353	1,353	1,057	1,033	808	808	611	695	915	1,013	1,369	1,587	2,117	2,021	1,667	2,074	1,210	1,435	1,436	234	235	10	10	211	476	769	979	1,182	914	0	0	0	-	-	-	-
Proceeds From Issuance Of Nonrecourse Debt
5,368	5,828	3,999	3,317	2,037	1,928	2,028	2,582	3,410	3,222	3,563	3,276	3,386	2,978	3,085	3,842	3,835	4,248	5,207	4,409	4,199	4,179	3,448	3,604	3,340	4,277	3,651	3,195	2,379	1,391	2,524	3,223	3,606	3,218	1,959	1,171	1,839	1,940	2,305	2,524	1,969	1,997	0	0	0
Repayments of non-recourse debt
4,495	4,831	3,250	2,851	1,329	1,411	1,768	2,219	2,575	2,360	2,677	2,594	2,713	2,666	2,564	2,909	3,291	3,312	4,310	3,589	3,401	3,481	2,741	2,570	2,732	3,390	2,854	3,166	2,181	1,325	1,487	1,777	2,167	2,217	1,993	1,416	1,964	1,945	1,827	1,814	1,021	1,008	0	0	0
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,567	0	0	0	-	-	-	-
Payments for financing fees
127	126	76	51	29	39	36	45	96	100	115	130	112	105	111	105	92	90	112	93	89	158	139	154	221	176	164	150	61	40	73	145	209	202	164	106	53	61	69	67	82	91	0	0	0
Distributions to noncontrolling interests
399	427	396	358	373	340	360	368	408	424	383	424	431	476	500	449	385	326	290	401	478	485	549	543	552	557	539	528	907	895	839	952	1,064	1,088	1,284	1,417	1,216	1,245	1,236	1,054	906	846	0	0	0
Contributions from noncontrolling interests and redeemable security holders
7	17	18	31	42	43	54	57	55	73	95	140	191	190	163	123	87	126	146	130	178	143	58	135	78	101	188	107	93	43	12	18	11	6	0	0	0	-	-	-	-	190	0	0	0
Proceeds from Issuance of Redeemable Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	134	788	788	574	461	-461	-461	-247	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on AES common stock
367	362	358	353	348	344	337	331	324	317	310	303	296	290	285	280	279	276	245	213	178	144	138	131	125	119	119	90	60	30	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments for financed capital expenditures
60	146	215	265	282	275	265	238	242	179	105	87	129	113	148	153	118	150	278	300	392	528	515	646	617	591	568	407	308	162	48	37	20	31	15	12	10	23	12	11	-1	18	0	0	0
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	79	153	254	526	482	576	583	343	308	0	0	0	-	-	-	-	-	-	-	-	279	309	197	162	99	0	0	0	-	-	-	-
Other financing
142	120	50	44	72	101	112	95	62	42	-58	-49	-50	-44	5	1	7	-7	-1	-7	-7	27	3	12	10	14	15	-13	11	8	9	20	0	-6	7	15	-9	-4	0	-16	25	26	0	0	0
Net cash provided by financing activities
542	-86	-613	-806	-611	-1,643	-1,798	-750	-508	43	189	-640	-646	-747	-316	-4	-265	28	-332	-1,023	-1,017	-1,262	-1,345	-587	-1,578	-1,136	-1,159	-1,804	-1,594	-1,867	-278	-70	1,912	1,412	-381	-778	-2,684	-706	389	971	2,212	610	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-46	-18	-32	-36	-63	-54	-63	-18	2	8	51	35	42	37	-5	-25	-19	-52	-36	-56	-56	-51	-77	-34	-73	-59	-41	-37	-28	5	-34	-148	-112	-122	-50	81	44	8	-18	-36	3	22	0	0	0
(Increase) decrease in cash, cash equivalents and restricted cash of discontinued operations and held-for-sale businesses
-17	-72	-47	-52	-53	74	35	-44	-19	-128	-155	-63	-81	-42	0	0	0	-	-	-	-	59	48	63	9	-4	15	43	50	132	135	83	88	-4	0	0	0	-	-	-	-	-	-	-	-
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
-165	-431	-281	-189	207	215	-176	261	-80	-172	279	-78	375	9	-82	275	-107	-231	-228	-490	-92	-119	-354	-34	-843	-258	141	-75	662	276	-1,325	-1,815	-226	-736	539	732	-1,346	761	885	1,183	2,132	910	0	0	0
Decrease in cash of discontinued operations and held-for-sale businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SUPPLEMENTAL DISCLOSURES:
Cash payments for interest, net of amounts capitalized
940	946	1,001	959	965	1,003	1,082	1,106	1,208	1,196	1,233	1,270	1,240	1,273	1,227	1,215	1,251	1,265	1,324	1,340	1,367	1,351	1,377	1,374	1,390	1,398	1,408	1,426	1,452	1,509	1,484	1,491	1,504	1,442	1,441	1,432	1,407	1,462	1,427	1,462	1,408	1,395	0	0	0
Cash payments for income taxes, net of refunds
350	363	353	397	364	370	399	368	374	377	353	358	379	487	494	488	467	388	398	395	346	480	465	470	512	570	573	554	617	647	904	990	992	971	756	775	742	698	684	607	544	484	0	0	0
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Acquisition of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Alto Maipo loans and accounts payable into equity (see Note 17)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-