AES Cash Flow Statement
NYSE: AESIndustrialsElectric Utilities: CentralUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
AES free cash flow
In fiscal 2025, AES generated $4.31 billion of operating cash flow and spent $5.93 billion on capital expenditures. That left free cash flow of -$1.62 billion, a free-cash-flow margin of -13.3% of revenue. AES returned $501.0 million to shareholders through dividends.
Summary generated from market data by MetaCap's automated system. Methodology
AES cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 162.00M | 802.00M | -182.00M | -505.00M | -951.00M | 152.00M | 478.00M | 1.56B | -777.00M | -777.00M |
| Net Income growth (YoY) | -79.80% | — | — | — | -725.66% | -68.20% | -69.46% | — | — | -201.97% |
| Depreciation & Amortization | -1.46B | -1.26B | -1.15B | -1.07B | 1.06B | 1.07B | 1.04B | 1.00B | 1.17B | 1.18B |
| Stock-Based Compensation | 14.00M | 12.00M | 2.00M | 23.00M | 14.00M | 21.00M | 22.00M | 20.00M | 8.00M | 10.00M |
| Change in Working Capital | 324.00M | -227.00M | 379.00M | -165.00M | -923.00M | 218.00M | 2.00M | -157.00M | -225.00M | -118.00M |
| Operating Cash Flow | 4.31B | 2.75B | 3.03B | 2.71B | 1.90B | 2.75B | 2.47B | 2.34B | 2.50B | 2.90B |
| Capital Expenditures | -5.93B | -7.39B | -7.72B | -4.55B | -2.12B | -1.90B | -2.40B | -2.12B | -2.18B | -2.35B |
| Investing Cash Flow | -6.21B | -7.70B | -8.19B | -5.84B | -3.05B | -2.29B | -2.72B | -505.00M | -2.60B | -2.14B |
| Dividends Paid | -501.00M | -483.00M | -444.00M | -422.00M | -401.00M | -381.00M | -362.00M | -344.00M | -317.00M | -290.00M |
| Share Repurchases | — | — | — | — | — | — | — | 0 | 0 | -79.00M |
| Financing Cash Flow | 1.98B | 4.96B | 5.41B | 3.76B | 797.00M | -78.00M | -86.00M | -1.64B | 43.00M | -747.00M |
| Net Change in Cash | 123.00M | 49.00M | -97.00M | 603.00M | -343.00M | 255.00M | -431.00M | 215.00M | -172.00M | 9.00M |
| Free Cash Flow | -1.62B | -4.64B | -4.69B | -1.84B | -214.00M | 855.00M | 61.00M | 222.00M | 327.00M | 552.00M |
This table shows 10 annual periods of AES's cash flow statement, from FY 2025 back to FY 2016, across 12 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow AES's reporting calendar. What is a cash flow statement?