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Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 1,382,000,000 $ 1,524,000,000
Restricted cash 691,000,000 437,000,000
Short-term investments 174,000,000 79,000,000
Accounts receivable, net of allowance of $39 and $52, respectively 1,683,000,000 1,646,000,000
Inventory 612,000,000 593,000,000
Prepaid expenses 192,000,000 157,000,000
Other current assets, net of allowance of $2 and $0, respectively 1,723,000,000 1,533,000,000
Current held-for-sale assets 45,000,000 862,000,000
Total current assets 6,502,000,000 6,831,000,000
Property, Plant and Equipment:    
Electric generation, distribution assets and other 39,077,000,000 32,823,000,000
Accumulated depreciation (9,796,000,000) (8,701,000,000)
Property, Plant and Equipment, Net, Total 37,818,000,000 33,166,000,000
Other Assets:    
Investments in and advances to affiliates 1,004,000,000 1,124,000,000
Debt service reserves and other deposits 89,000,000 78,000,000
Goodwill 342,000,000 345,000,000
Other intangible assets, net of accumulated amortization of $479 and $426, respectively 2,040,000,000 1,947,000,000
Deferred Tax Assets, Tax Deferred Expense 397,000,000 365,000,000
Loan receivable, net of allowance of $19 and $0, respectively 755,000,000 0
Other noncurrent assets, net of allowance of $24 and $20, respectively 2,821,000,000 2,917,000,000
Noncurrent held-for-sale assets 0 633,000,000
Total noncurrent assets 45,266,000,000 40,575,000,000
TOTAL ASSETS 51,768,000,000 47,406,000,000
CURRENT LIABILITIES    
Accounts payable 1,980,000,000 1,654,000,000
Accrued interest 268,000,000 256,000,000
Accrued non-income taxes 294,000,000 249,000,000
Supplier financing arrangements 616,000,000 917,000,000
Accrued and other liabilities $ 2,223,000,000 $ 1,246,000,000
Short-Term Debt, Recourse Status [Extensible Enumeration] Recourse [Member] Recourse [Member]
Non-recourse debt $ 2,232,000,000 $ 2,688,000,000
Current held-for-sale liabilities 0 662,000,000
Total current liabilities 8,492,000,000 8,571,000,000
NONCURRENT LIABILITIES    
Recourse debt 5,105,000,000 4,805,000,000
Non-recourse debt 21,681,000,000 20,626,000,000
Deferred income taxes 1,581,000,000 1,490,000,000
Other noncurrent liabilities 2,980,000,000 2,881,000,000
Noncurrent held-for-sale liabilities 0 391,000,000
Total noncurrent liabilities 31,347,000,000 30,193,000,000
Commitments and Contingencies (see Notes 13 and 14)
Redeemable stock of subsidiaries 2,824,000,000 938,000,000
THE AES CORPORATION STOCKHOLDERS’ EQUITY    
Preferred stock (without par value, 0 shares authorized; 0 issued and outstanding at December 31, 2023)   838,000,000
Common stock ($0.01 par value, 1,200,000,000 shares authorized; 859,836,539 issued and 712,201,777 outstanding at December 31, 2025 and 859,709,987 issued and 711,074,269 outstanding at December 31, 2024) 9,000,000 9,000,000
Additional paid-in capital 5,904,000,000 5,913,000,000
Retained earnings 641,000,000 293,000,000
Accumulated other comprehensive loss (698,000,000) (766,000,000)
Treasury stock, at cost (147,634,762 and 148,635,718 shares, respectively) (1,793,000,000) (1,805,000,000)
Total AES Corporation stockholders’ equity 4,063,000,000 3,644,000,000
NONCONTROLLING INTERESTS 5,042,000,000 4,060,000,000
Total equity 9,105,000,000 7,704,000,000
Liabilities and Equity, Total $ 51,768,000,000 $ 47,406,000,000