AES (AES) FY2023 results: revenue $12.7 billion, up 0.4% on the year
AES Corp. (AES) reported revenue of $12.7 billion for fiscal 2023, the year ended 31 December 2023, up 0.4% on the year before. Net income was $249 million, and diluted earnings per share $0.35. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2024.
Revenue
$12.7 billion
+0.4% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$249 million
FY2016FY2023
Diluted EPS
$0.35
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,034
2,715
1,902
+11.7%
Capital expenditure
7,724
4,551
2,116
+69.7%
Free cash flow
-4,690
-1,836
-214
Free cash flow margin
-37.0%
-14.6%
-1.9%
Cash from investing
-8,188
-5,836
-3,051
Cash from financing
5,405
3,758
797
+43.8%
Depreciation and amortisation
1,147
1,053
1,056
+8.9%
Share-based compensation
2.0
23.0
14.0
-91.3%
Dividends paid
444
422
401
+5.2%
Dividend per share
$0.67
$0.64
$0.61
+4.7%
Diluted shares, weighted
712m
668m
666m
+6.6%
Shares outstanding at period end
670m
669m
667m
+0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,488
2,437
2,798
+2.1%
Non-controlling interest
3,497
2,067
1,769
+69.2%
Redeemable equity
1,464
1,321
1,257
+10.8%
Debt
26,878
23,498
18,699
+14.4%
Operating lease liabilities
387
374
294
+3.5%
Finance lease liabilities
n/a
169
128
Other liabilities
10,085
8,497
8,018
+18.7%
Total liabilities and equity
44,799
38,363
32,963
+16.8%
Fixed assets
29,958
23,039
19,906
+30.0%
Goodwill
348
362
1,177
-3.9%
Intangible assets
2,243
1,841
1,450
+21.8%
Investments
395
730
232
-45.9%
Cash and equivalents
1,426
1,374
943
+3.8%
Receivables
1,420
1,799
1,418
-21.1%
Inventory
712
1,055
604
-32.5%
Other assets
8,297
8,163
7,233
+1.6%
Total assets
44,799
38,363
32,963
+16.8%
10-K for the year ended 31 December 2023, filed 26 February 2024: the filing.