AES (AES) FY2015 results: revenue $11.3 billion, down 30.2% on the year
AES Corp. (AES) reported revenue of $11.3 billion for fiscal 2015, the year ended 31 December 2015, down 30.2% on the year before. Net income was $306 million, down 60.2%, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$11.3 billion
-30.2% on the year
FY2009FY2015
Operating margin
n/a
FY2009FY2015
Net income
$306 million
-60.2% on the year
FY2009FY2015
Diluted EPS
$0.44
-58.5% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
11,260
16,124
15,891
-30.2%
Gross profit
2,663
2,980
3,247
-10.6%
Gross margin
23.7%
18.5%
20.4%
Interest expense
1,145
1,451
1,482
-21.1%
Pre-tax income
513
578
1,048
-11.2%
Income tax
412
371
343
+11.1%
Effective tax rate
80.3%
64.2%
32.7%
Net income
306
769
114
-60.2%
Net margin
2.7%
4.8%
0.7%
Diluted EPS
$0.44
$1.06
$0.15
-58.5%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
2,134
1,791
2,715
+19.2%
Capital expenditure
2,308
2,016
1,988
+14.5%
Free cash flow
-174
-225
727
Free cash flow margin
-1.5%
-1.4%
4.6%
Cash from investing
-2,366
-656
-1,774
Cash from financing
28.0
-1,262
-1,136
Depreciation and amortisation
1,144
1,245
1,294
-8.1%
Share-based compensation
8.0
n/a
n/a
Buybacks
482
308
322
+56.5%
Dividends paid
276
144
119
+91.7%
Dividend per share
$0.41
$0.25
$0.17
+64.0%
Diluted shares, weighted
689m
724m
748m
-4.8%
Shares outstanding at period end
667m
704m
723m
-5.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,149
4,272
4,330
-26.3%
Non-controlling interest
3,022
3,053
3,321
-1.0%
Redeemable equity
538
78.0
78.0
+589.7%
Debt
20,081
n/a
21,049
Other liabilities
9,755
31,159
11,633
-68.7%
Total liabilities and equity
36,545
38,562
40,411
-5.2%
Fixed assets
22,022
25,151
25,112
-12.4%
Goodwill
1,157
1,458
1,622
-20.6%
Intangible assets
340
281
297
+21.0%
Investments
469
709
668
-33.9%
Trading assets
n/a
15.0
13.0
Cash and equivalents
1,218
1,517
1,642
-19.7%
Receivables
2,302
2,709
2,363
-15.0%
Inventory
671
702
684
-4.4%
Other assets
8,366
6,020
8,010
+39.0%
Total assets
36,545
38,562
40,411
-5.2%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.