AES (AES) FY2017 results: revenue $10.5 billion, up 2.4% on the year
AES Corp. (AES) reported revenue of $10.5 billion for fiscal 2017, the year ended 31 December 2017, up 2.4% on the year before. Net income was -$1.2 billion, and diluted earnings per share $-1.76. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$10.5 billion
+2.4% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
-$1.2 billion
FY2010FY2017
Diluted EPS
-$1.76
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
10,530
10,281
11,260
+2.4%
Cost of revenue
8,065
7,898
n/a
+2.1%
Gross profit
2,464
2,383
2,663
+3.4%
Gross margin
23.4%
23.2%
23.7%
Interest expense
1,170
1,134
1,145
+3.2%
Pre-tax income
-521
-354
513
Income tax
990
32.0
412
+2,993.8%
Effective tax rate
n/a
n/a
80.3%
Net income
-1,161
-1,130
306
Net margin
-11.0%
-11.0%
2.7%
Diluted EPS
-$1.76
-$1.71
$0.44
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,504
2,897
2,134
-13.6%
Capital expenditure
2,177
2,345
2,308
-7.2%
Free cash flow
327
552
-174
-40.8%
Free cash flow margin
3.1%
5.4%
-1.5%
Cash from investing
-2,599
-2,136
-2,366
Cash from financing
43.0
-747
28.0
Depreciation and amortisation
1,169
1,176
1,144
-0.6%
Share-based compensation
8.0
10.0
8.0
-20.0%
Buybacks
0.0
79.0
482
Dividends paid
317
290
276
+9.3%
Dividend per share
$0.49
$0.45
$0.41
+8.9%
Diluted shares, weighted
660m
662m
689m
-0.3%
Shares outstanding at period end
660m
659m
667m
+0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,465
2,794
3,149
-11.8%
Non-controlling interest
2,380
2,906
3,022
-18.1%
Redeemable equity
837
782
538
+7.0%
Debt
19,965
19,454
20,081
+2.6%
Other liabilities
7,465
10,183
9,755
-26.7%
Total liabilities and equity
33,112
36,119
36,545
-8.3%
Fixed assets
20,296
20,415
22,022
-0.6%
Goodwill
1,059
1,157
1,157
-8.5%
Intangible assets
366
287
340
+27.5%
Investments
424
530
469
-20.0%
Cash and equivalents
949
1,244
1,218
-23.7%
Receivables
1,463
1,421
2,302
+3.0%
Inventory
562
622
671
-9.6%
Other assets
7,993
10,443
8,366
-23.5%
Total assets
33,112
36,119
36,545
-8.3%
10-K for the year ended 31 December 2017, filed 27 February 2018: the filing.