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AES AES Energy Infrastructure — Goodwill, Impaired, Accumulated Impairment Loss

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$2.71B0.0%
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Other financials

Income statement

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Revenue$3.2B+8.7%
Gross profit$640.0M+45.1%
Net income$487.0M+959%
EPS (diluted)$0.68+871%

Balance sheet

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Cash & equivalents$2.3B-9.6%
Total debt$1.2B+17.8%
Total equity$4.4B+27.5%
Total assets$52.8B+8.6%

Cash flow

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Operating cash flow$1.2B+120%
CapEx$1.8B+40.8%
Free cash flow-$565.0M+20.3%

Valuation

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Market cap$10.49B+14.7%
P/E7.8×-2.2×
P/S0.8×+0.1×

Profitability

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Gross margin19.3%+1.7pp
Net margin10.8%+0.2pp
FCF margin-11.8%-4.4pp

Returns & leverage

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Return on equity34.3%-6.4pp
Debt / equity0.3×0.0×
Current ratio0.7×-0.1×

Where this comes from

Reported directly by AES in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: AES’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 4:19 PM EST
Fiscal year
FY2025
Accession
0000874761-26-000063
Balance as of December 31, 2024Renewables SBUUtilities SBUEnergy Infrastructure SBUNew Energy Technologies SBUTotal
Goodwill$353$2,709$683$3,745
Accumulated impairment losses(35)(2,709)(656)(3,400)
Net balance31827345
Goodwill derecognized during the year(3)(3)
Balance as of December 31, 2025
Goodwill3502,7096833,742
Accumulated impairment losses(35)(2,709)(656)(3,400)
Net balance$315$27$342

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is AES's energy infrastructure — goodwill, impaired, accumulated impairment loss?
AES (AES) reported energy infrastructure — goodwill, impaired, accumulated impairment loss of $656M in Q4 2025.
What does energy infrastructure — goodwill, impaired, accumulated impairment loss mean?
The cumulative total of all impairment charges recognized against the goodwill balance of the Energy Infrastructure segment. This reflects historical write-downs taken when the carrying value of the segment's goodwill exceeded its implied fair value.

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