AES Corporation Cash Flow Statement

AES / Utilities|15 years of annual SEC 10-K data (FY2011-FY2025)

Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.

AES Corporation generated $4.3B in operating cash flow and negative free cash flow of $1.6B in FY2025.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 0.25 (distress zone, below 1.8 threshold)
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Net Income	$910.0M	$1.7B	$249.0M	-$546.0M	-$409.0M	$46.0M	$303.0M	$1.2B	-$1.2B	-$1.1B	$306.0M	$769.0M	$58.0M	$9.0M	$58.0M
Depreciation & Amortization	$1.5B	$1.3B	$1.1B	$1.1B	$1.1B	$1.1B	$1.0B	$1.0B	$1.2B	$1.2B	$1.1B	$1.2B	$1.3B	$1.2B	$1.2B
Operating Cash Flow	$4.3B	$2.8B	$3.0B	$2.7B	$1.9B	$2.8B	$2.5B	$2.3B	$2.5B	$2.9B	$2.1B	$1.8B	$2.9B	$3.5B	$2.9B
Capital Expenditures	$5.9B	$7.4B	$7.7B	$4.6B	$2.1B	$1.9B	$2.4B	$2.1B	$2.2B	$2.3B	$2.3B	$2.0B	$2.4B	$2.3B	$2.4B
Free Cash Flow	-$1.6B	-$4.6B	-$4.7B	-$1.8B	-$214.0M	$855.0M	$61.0M	$222.0M	$327.0M	$552.0M	-$174.0M	-$225.0M	$454.0M	$1.2B	$454.0M
Share Buybacks	-	-	-	-	-	-	-	$0	$0	$79.0M	$482.0M	$308.0M	$279.0M	$99.0M	$279.0M
Dividends Paid	$501.0M	$483.0M	$444.0M	$422.0M	$401.0M	$381.0M	$362.0M	$344.0M	$317.0M	$290.0M	$276.0M	$144.0M	$0	$0	$0
FCF Margin	-13.3%	-37.8%	-37.0%	-14.5%	-1.9%	8.8%	0.6%	2.1%	3.1%	5.4%	-1.6%	-1.4%	2.8%	7.5%	2.8%

Other Financial Statements

Income Statement Balance Sheet All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

AES Corporation Profile All Financial Data