What is AES's renewables — goodwill impairment expense?

AES (AES) reported renewables — goodwill impairment expense of $0 in Q4 2023.

What does renewables — goodwill impairment expense mean?

A charge taken when the value of a past acquisition in the renewables segment is deemed lower than its book value.

How do you interpret renewables — goodwill impairment expense?

An increase signals poor performance or adverse market conditions for acquired renewable assets.

How does renewables — goodwill impairment expense compare across companies?

Standard accounting metric for all public companies.

AES AES Renewables — Goodwill impairment expense

Discontinued — last reported Q4 '23

Similar metrics at other companies

DINORenewables — Goodwill impairment charges

$0—

DINORenewables — Goodwill, Impaired, Accumulated Impairment Loss

$0—

DINORenewables — Asset impairments

$0—

NRGRenewables — Impairment losses

$15M-50.0%

DINORenewables — Goodwill

$159M0.0%

DINORenewables — Goodwill, Disposals And Other

$0—

Other financials

Income statement

See full

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$10.43B+13.6%

P/E7.7×+0.6×

P/S0.8×+0.1×

Profitability

See full

Gross margin19.3%+1.7pp

Net margin10.8%+0.2pp

FCF margin-11.8%-4.4pp

Returns & leverage

See full

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:GoodwillImpairmentLoss.

The official record: AES’s 10-K, filed February 26, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is AES's renewables — goodwill impairment expense?: AES (AES) reported renewables — goodwill impairment expense of $0 in Q4 2023.
What does renewables — goodwill impairment expense mean?: A charge taken when the value of a past acquisition in the renewables segment is deemed lower than its book value.
How do you interpret renewables — goodwill impairment expense?: An increase signals poor performance or adverse market conditions for acquired renewable assets.
How does renewables — goodwill impairment expense compare across companies?: Standard accounting metric for all public companies.