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AES AES Equity Method Investments

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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:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures.

The source filing: AES’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000874761-26-000120
Line itemMarch 31, 2026December 31, 2025
Total current assets6,1106,502
NONCURRENT ASSETS
Property, plant, and equipment, net of accumulated depreciation of $9,895 and $9,796, respectively39,29037,818
Investments in and advances to affiliates1,0061,004
Debt service reserves and other deposits12089
Goodwill342342
Other intangible assets, net of accumulated amortization of $503 and $479, respectively2,0192,040
Deferred income taxes425397

Item 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is AES's equity method investments?
AES (AES) reported equity method investments of $1.01B in Q1 2026.
How has AES's equity method investments changed year-over-year?
AES's equity method investments decreased by 10.9% year-over-year, from $1.13B to $1.01B.
What is the long-term trend for AES's equity method investments?
Over 5 years (2020 to 2025), AES's equity method investments has grown at a 3.8% compound annual growth rate (CAGR), from $835M to $1B.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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