The AES Corporation is an American multinational electricity and natural gas company, based in Arlington, Virginia, USA.
It is one of the world’s leading power companies, operating a diverse portfolio of electricity generation and distribution businesses, providing electric power to its customers in 21 countries.
It has a global workforce of approximately 18,500 people.
The AES Corporation is concentrated in both stable and high-growth markets and operates power plants that encompass a number of different technologies and fuel types, such as coal, gas, hydropower, diesel, oil, biomass and wind.
The company was founded by Roger Sant on January 28, 1981, under the name “Applied Energy Services” and the first AES power plant was built in Texas. By 1988 AES was the largest Independent Power Producer (IPP) in the US. AES then expanded to the UK, Argentina, Pakistan, China, Hungary and Brazil.
The company’s vision is “to be the world’s leading sustainable power company that safely provides reliable, affordable energy.”
- President and CEO: Andres Gluski
- Chairman: Philip A. Odeen
- Industry: Energy
- Type: Public company
- Listed on the New York Stock Exchange (NYSE)
- NYSE stock symbol: AES
- S&P 500 Component
- Founded: 1981
- Revenue: $17.146 billion USD (2014)
- Net income: $1,147 million USD (2014)
- Earnings per share: $1.07 USD (2014)
- Company head office: 4300 Wilson Boulevard, Arlington, VA, USA
- Employees: 18,500 (2014)
- Website: http://www.aes.com/
- Investor relations number: 703-682-6399
- Investor relations email: [email protected]
The AES Corporation Financial Results
|Operating data (in $ millions)||2014||2013|
|Total cost of sales||$(14,058)||$(12,644)|
|Income (loss) from continuing operations||$1,176||$730|
|Net income (loss)||$1,147||$551|
|Net income (loss) attributable to The AES Corporation||$769||$114|
|Balance sheet data (in $ millions)|
|Total stockholders’ equity||$4,272||$4,330|
|Common share data (in $)|
|Basic earnings (loss) per share||$1.07||$0.15|
|Diluted earnings (loss) per share||$1.06||$0.15|
|Cash flow data (in $ millions)|
|Net cash provided by operating activities||$1,791||$2,715|
|Net cash used for investing activities||$(656)||$(1,774)|
|Net cash used for financing activities||$(1,262)||$(1,136)|
|Cash and cash equivalents at end of year||$1,539||$1,642|
Source: “The AES Corporation Form 10-K 2014”