AES (AES) FY2018 results: revenue $10.7 billion, up 2.0% on the year
AES Corp. (AES) reported revenue of $10.7 billion for fiscal 2018, the year ended 31 December 2018, up 2.0% on the year before. Net income was $1.2 billion, and diluted earnings per share $1.81. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$10.7 billion
+2.0% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$1.2 billion
FY2011FY2018
Diluted EPS
$1.81
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
10,736
10,530
10,281
+2.0%
Cost of revenue
8,163
8,065
7,898
+1.2%
Gross profit
2,573
2,464
2,383
+4.4%
Gross margin
24.0%
23.4%
23.2%
Interest expense
1,056
1,170
1,134
-9.7%
Pre-tax income
-509
-521
-354
Income tax
708
990
32.0
-28.5%
Net income
1,203
-1,161
-1,130
Net margin
11.2%
-11.0%
-11.0%
Diluted EPS
$1.81
-$1.76
-$1.71
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,343
2,504
2,897
-6.4%
Capital expenditure
2,121
2,177
2,345
-2.6%
Free cash flow
222
327
552
-32.1%
Free cash flow margin
2.1%
3.1%
5.4%
Cash from investing
-505
-2,599
-2,136
Cash from financing
-1,643
43.0
-747
Depreciation and amortisation
1,003
1,169
1,176
-14.2%
Share-based compensation
20.0
8.0
10.0
+150.0%
Buybacks
0.0
0.0
79.0
Dividends paid
344
317
290
+8.5%
Dividend per share
$0.53
$0.49
$0.45
+8.2%
Diluted shares, weighted
665m
660m
662m
+0.8%
Shares outstanding at period end
662m
660m
659m
+0.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
3,208
2,465
2,794
+30.1%
Non-controlling interest
2,396
2,380
2,906
+0.7%
Redeemable equity
879
837
782
+5.0%
Debt
19,295
19,965
19,454
-3.4%
Other liabilities
6,743
7,465
10,183
-9.7%
Total liabilities and equity
32,521
33,112
36,119
-1.8%
Fixed assets
21,396
20,296
20,415
+5.4%
Goodwill
1,059
1,059
1,157
0.0%
Intangible assets
436
366
287
+19.1%
Investments
313
424
530
-26.2%
Cash and equivalents
1,166
949
1,244
+22.9%
Receivables
1,595
1,463
1,421
+9.0%
Inventory
577
562
622
+2.7%
Other assets
5,979
7,993
10,443
-25.2%
Total assets
32,521
33,112
36,119
-1.8%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.