AES (AES) FY2012 results: revenue $17.2 billion, up 6.6% on the year
AES Corp. (AES) reported revenue of $17.2 billion for fiscal 2012, the year ended 31 December 2012, up 6.6% on the year before. Net income was -$912 million, and diluted earnings per share $-1.21. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$17.2 billion
+6.6% on the year
FY2009FY2012
Operating margin
n/a
FY2009FY2012
Net income
-$912 million
FY2009FY2012
Diluted EPS
-$1.21
FY2009FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
17,164
16,098
15,443
+6.6%
Gross profit
3,583
4,040
3,820
-11.3%
Gross margin
20.9%
25.1%
24.7%
Interest expense
1,544
1,530
1,449
+0.9%
Pre-tax income
230
2,260
1,890
-89.8%
Income tax
685
656
593
+4.4%
Effective tax rate
297.8%
29.0%
31.4%
Net income
-912
58.0
9.0
Net margin
-5.3%
0.4%
0.1%
Diluted EPS
-$1.21
$0.07
$0.01
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
2,901
2,884
3,465
+0.6%
Capital expenditure
2,108
2,430
2,310
-13.3%
Free cash flow
793
454
1,155
+74.7%
Free cash flow margin
4.6%
2.8%
7.5%
Cash from investing
-895
-4,906
-2,040
Cash from financing
-1,867
1,412
-706
Depreciation and amortisation
1,394
1,176
1,034
+18.5%
Buybacks
301
279
99.0
+7.9%
Dividends paid
30.0
0.0
0.0
Dividend per share
$0.08
$0.00
$0.00
Diluted shares, weighted
755m
783m
774m
-3.6%
Shares outstanding at period end
744m
765m
788m
-2.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,569
5,946
6,473
-23.2%
Non-controlling interest
2,945
3,783
3,940
-22.2%
Debt
20,721
22,020
18,788
-5.9%
Other liabilities
13,595
13,584
11,310
+0.1%
Total liabilities and equity
41,830
45,333
40,511
-7.7%
Fixed assets
24,635
25,001
22,793
-1.5%
Goodwill
1,999
3,820
1,271
-47.7%
Intangible assets
324
545
448
-40.6%
Investments
693
1,356
1,718
-48.9%
Trading assets
12.0
12.0
10.0
0.0%
Cash and equivalents
1,900
1,624
2,360
+17.0%
Receivables
2,539
2,522
2,244
+0.7%
Inventory
719
775
549
-7.2%
Other assets
9,009
9,678
9,118
-6.9%
Total assets
41,830
45,333
40,511
-7.7%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.