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AES AES Change in AP

Change in AP at other companies

Duke Energy logo
Duke EnergyDUK
-$121M-136%
Argan logo
ArganAGX
$17.5M+144%
CMS
CMS EnergyCMS
-$137M-1,154%
American Electric Power logo
American Electric PowerAEP
$108M+1,700%
GE Vernova logo
GE VernovaGEV
$473M+276%
Constellation Energy logo
Constellation EnergyCEG

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$10.43B+13.6%
P/E7.7×+0.6×
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:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

The official record: AES’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AES's change in AP?
AES (AES) reported change in AP of -$161M in Q1 2026.
How has AES's change in AP changed year-over-year?
AES's change in AP decreased by 5466.7% year-over-year, from $3M to -$161M.
What is the long-term trend for AES's change in AP?
Over 2 years (2022 to 2025), AES's change in AP has grown at a -35.3% compound annual growth rate (CAGR), from $513M to $215M.
What does change in AP mean?
The net change in money the company owes to its suppliers.
How do you interpret change in AP?
An increase provides a cash flow benefit by delaying payments, while a decrease indicates the company is paying down its obligations faster.
How does change in AP compare across companies?
Standard working capital metric; peers in capital-intensive industries often manage this to optimize cash conversion cycles.