AES (AES) FY2013 results: revenue $15.9 billion, down 7.4% on the year
AES Corp. (AES) reported revenue of $15.9 billion for fiscal 2013, the year ended 31 December 2013, down 7.4% on the year before. Net income was $114 million, and diluted earnings per share $0.15. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$15.9 billion
-7.4% on the year
FY2009FY2013
Operating margin
n/a
FY2009FY2013
Net income
$114 million
FY2009FY2013
Diluted EPS
$0.15
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
15,891
17,164
16,098
-7.4%
Gross profit
3,247
3,583
4,040
-9.4%
Gross margin
20.4%
20.9%
25.1%
Interest expense
1,482
1,544
1,530
-4.0%
Pre-tax income
1,048
230
2,260
+355.7%
Income tax
343
685
656
-49.9%
Effective tax rate
32.7%
297.8%
29.0%
Net income
114
-912
58.0
Net margin
0.7%
-5.3%
0.4%
Diluted EPS
$0.15
-$1.21
$0.07
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
2,715
2,901
2,884
-6.4%
Capital expenditure
1,988
2,108
2,430
-5.7%
Free cash flow
727
793
454
-8.3%
Free cash flow margin
4.6%
4.6%
2.8%
Cash from investing
-1,774
-895
-4,906
Cash from financing
-1,136
-1,867
1,412
Depreciation and amortisation
1,294
1,394
1,176
-7.2%
Buybacks
322
301
279
+7.0%
Dividends paid
119
30.0
0.0
+296.7%
Dividend per share
$0.17
$0.08
$0.00
+112.5%
Diluted shares, weighted
748m
755m
783m
-0.9%
Shares outstanding at period end
723m
744m
765m
-2.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
4,330
4,569
5,946
-5.2%
Non-controlling interest
3,321
2,945
3,783
+12.8%
Redeemable equity
78.0
n/a
n/a
Debt
21,049
20,721
22,020
+1.6%
Other liabilities
11,633
13,595
13,584
-14.4%
Total liabilities and equity
40,411
41,830
45,333
-3.4%
Fixed assets
25,112
24,635
25,001
+1.9%
Goodwill
1,622
1,999
3,820
-18.9%
Intangible assets
297
324
545
-8.3%
Investments
668
693
1,356
-3.6%
Trading assets
13.0
12.0
12.0
+8.3%
Cash and equivalents
1,642
1,900
1,624
-13.6%
Receivables
2,363
2,539
2,522
-6.9%
Inventory
684
719
775
-4.9%
Other assets
8,010
9,009
9,678
-11.1%
Total assets
40,411
41,830
45,333
-3.4%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.