AES (AES) FY2021 results: revenue $11.1 billion, up 15.3% on the year
AES Corp. (AES) reported revenue of $11.1 billion for fiscal 2021, the year ended 31 December 2021, up 15.3% on the year before. Net income was -$409 million, and diluted earnings per share $-0.61. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$11.1 billion
+15.3% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
-$409 million
FY2014FY2021
Diluted EPS
-$0.61
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,902
2,755
2,466
-31.0%
Capital expenditure
2,116
1,900
2,405
+11.4%
Free cash flow
-214
855
61.0
Free cash flow margin
-1.9%
8.9%
0.6%
Cash from investing
-3,051
-2,295
-2,721
Cash from financing
797
-78.0
-86.0
Depreciation and amortisation
1,056
1,068
1,045
-1.1%
Share-based compensation
14.0
21.0
22.0
-33.3%
Dividends paid
401
381
362
+5.2%
Dividend per share
$0.61
$0.58
$0.55
+5.0%
Diluted shares, weighted
666m
668m
667m
-0.3%
Shares outstanding at period end
667m
665m
664m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,798
2,634
2,996
+6.2%
Non-controlling interest
1,769
2,086
2,233
-15.2%
Redeemable equity
1,257
872
888
+44.2%
Debt
18,699
19,881
20,173
-5.9%
Operating lease liabilities
294
293
261
+0.3%
Finance lease liabilities
128
77.0
67.0
+66.2%
Other liabilities
8,018
8,760
7,030
-8.5%
Total liabilities and equity
32,963
34,603
33,648
-4.7%
Fixed assets
19,906
22,826
22,574
-12.8%
Goodwill
1,177
1,061
1,059
+10.9%
Intangible assets
1,450
827
469
+75.3%
Investments
232
335
400
-30.7%
Cash and equivalents
943
1,089
1,029
-13.4%
Receivables
1,418
1,300
1,479
+9.1%
Inventory
604
461
487
+31.0%
Other assets
7,233
6,704
6,151
+7.9%
Total assets
32,963
34,603
33,648
-4.7%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.