AES (AES) FY2016 results: revenue $10.3 billion, down 8.7% on the year
AES Corp. (AES) reported revenue of $10.3 billion for fiscal 2016, the year ended 31 December 2016, down 8.7% on the year before. Net income was -$1.1 billion, and diluted earnings per share $-1.71. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2017.
Revenue
$10.3 billion
-8.7% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
-$1.1 billion
FY2009FY2016
Diluted EPS
-$1.71
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
10,281
11,260
16,124
-8.7%
Cost of revenue
7,898
n/a
n/a
Gross profit
2,383
2,663
2,980
-10.5%
Gross margin
23.2%
23.7%
18.5%
Interest expense
1,134
1,145
1,451
-1.0%
Pre-tax income
-354
513
578
Income tax
32.0
412
371
-92.2%
Effective tax rate
n/a
80.3%
64.2%
Net income
-1,130
306
769
Net margin
-11.0%
2.7%
4.8%
Diluted EPS
-$1.71
$0.44
$1.06
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
2,897
2,134
1,791
+35.8%
Capital expenditure
2,345
2,308
2,016
+1.6%
Free cash flow
552
-174
-225
Free cash flow margin
5.4%
-1.5%
-1.4%
Cash from investing
-2,136
-2,366
-656
Cash from financing
-747
28.0
-1,262
Depreciation and amortisation
1,176
1,144
1,245
+2.8%
Share-based compensation
10.0
8.0
n/a
+25.0%
Buybacks
79.0
482
308
-83.6%
Dividends paid
290
276
144
+5.1%
Dividend per share
$0.45
$0.41
$0.25
+9.8%
Diluted shares, weighted
662m
689m
724m
-3.9%
Shares outstanding at period end
659m
667m
704m
-1.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,794
3,149
4,272
-11.3%
Non-controlling interest
2,906
3,022
3,053
-3.8%
Redeemable equity
782
538
78.0
+45.4%
Debt
19,454
20,081
n/a
-3.1%
Other liabilities
10,183
9,755
31,159
+4.4%
Total liabilities and equity
36,119
36,545
38,562
-1.2%
Fixed assets
20,415
22,022
25,151
-7.3%
Goodwill
1,157
1,157
1,458
0.0%
Intangible assets
287
340
281
-15.6%
Investments
530
469
709
+13.0%
Trading assets
n/a
n/a
15.0
Cash and equivalents
1,244
1,218
1,517
+2.1%
Receivables
1,421
2,302
2,709
-38.3%
Inventory
622
671
702
-7.3%
Other assets
10,443
8,366
6,020
+24.8%
Total assets
36,119
36,545
38,562
-1.2%
10-K for the year ended 31 December 2016, filed 27 February 2017: the filing.