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AES - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

AES (ISIN: US00130H1059, WKN: 882177) Kursdatum: 21.07.2017 Kurs: 11,420 USD
Beschreibung Daten
Symbol AES
Marktkapitalisierung 7.560.039.936,00 USD
Land Vereinigte Staaten von Amerika
Indizes S&P 500
Sektor Versorger
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 2000-06-02 - 2:1 | 1997-08-29 - 2:1 |
Internet
Letztes Bilanz Update 27.02.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
14,35 2,62 3,94% -3,13 7,74 -6,68 0,56 2,71

Firmenbeschreibung

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)Quarterly Financial Data — The following tables summarize the unaudited quarterly Condensed Consolidated Statements of Operations for the Company for 2015 and 2014 (amounts in millions, except per share data). Amounts have been restated to reflect discontinued operations in all periods presented and reflect all adjustments necessary in the opinion of management for a fair statement of the results for interim periods.Quarter Ended 2015Mar 31 June 30 Sept 30 Dec 31Revenue$3,984 $3,858 $3,721 $3,400Operating margin721 754 673 718Income from continuing operations, net of tax(1) 254 264 203 41Discontinued operations, net of tax— — — —Net income$254 $264 $203 $41Net income (loss) attributable to The AES Corporation$142 $69 $180 $(85)Basic income (loss) per share:       Income (loss) from continuing operations attributable to The AES Corporation, net of tax$0.20 $0.10 $0.27 $(0.13)Discontinued operations attributable to The AES Corporation, net of tax— — — —Basic income (loss) per share attributable to The AES Corporation$0.20 $0.10 $0.27 $(0.13)Diluted income (loss) per share:       Income (loss) from continuing operations attributable to The AES Corporation, net of tax$0.20 $0.10 $0.26 $(0.13)Discontinued operations attributable to The AES Corporation, net of tax— — — —Diluted income (loss) per share attributable to The AES Corporation$0.20 $0.10 $0.26 $(0.13)Dividends declared per common share$— $0.10 $0.10 $0.21Quarter Ended 2014Mar 31 June 30 Sept 30 Dec 31Revenue$4,262 $4,311 $4,441 $4,132Operating margin794 

Firmenstrategie

PRINCIPLES OF CONSOLIDATION — The Consolidated Financial Statements of the Company include the accounts of The AES Corporation and its subsidiaries, which are the entities that it controls. Furthermore, variable interest entities ("VIEs") in which the Company has a variable interest have been consolidated when the Company is the primary beneficiary and thus controls the VIE. Intercompany transactions and balances are eliminated in consolidation. Investments in entities where the Company has the ability to exercise significant influence, but not control, are accounted for using the equity method of accounting. DP&L, our utility in Ohio, has undivided interests in five generation facilities and numerous transmission facilities. These undivided interests in jointly-owned facilities are accounted for on a pro-rata basis in our consolidated financial statements. Certain expenses, primarily fuel costs for the generating units, are allocated to the joint owners based on their energy usage. The remaining expenses, investments in fuel inventory, plant materials and operating supplies and capital additions are allocated to the joint owners in accordance with their respective ownership interests.

RevenueRecognitionPolicyTextBlock

REVENUE RECOGNITION — Revenue from utilities is classified as regulated in the Consolidated Statements of Operations. Revenue from the sale of energy is recognized in the period during which the sale occurs. The calculation of revenue earned but not yet billed is based on the number of days not billed in the month, the estimated amount of energy delivered during those days and the estimated average price per customer class for that month. Differences between actual and estimated unbilled revenue are usually immaterial. The Company has businesses where it sells and purchases power to and from Independent System Operators ("ISOs") and Regional Transmission Organizations ("RTOs"). In those instances, the Company accounts for these transactions on a net hourly basis because the transactions are settled on a net hourly basis. Revenue from generation businesses is classified as non-regulated and is recognized based upon output delivered and capacity provided, at rates as specified under contract terms or prevailing market rates. Certain of the Company PPAs meet the definition of an operating lease or contain similar arrangements. Typically, minimum lease payments from such PPAs are recognized as revenue on a straight-line basis over the lease term whereas contingent rentals are recognized when earned. Revenue is recorded net of any taxes assessed on and collected from customers, which are remitted to the governmental authorities.

SegmentReportingDisclosureTextBlock

SEGMENTS AND GEOGRAPHIC INFORMATION

The segment reporting structure uses the Company's organizational structure as its foundation to reflect how the Company manages the businesses internally, and is organized by geographic regions which provide better socio-political-economic understanding of our business. The Company is organized by six SBUs led by our President and Chief Executive Officer: US, Andes, Brazil, MCAC, Europe, and Asia SBUs. Using the accounting guidance on segment reporting, the Company determined that it has six operating and six reportable segments corresponding to its SBUs.

Corporate and Other — Corporate overhead costs which are not directly associated with the operations of our six reportable segments are included in "Corporate and Other." Also included are certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation.

The Company uses Adjusted PTC as its primary segment performance measure. Adjusted PTC, a non-GAAP measure, is defined by the Company as pretax income from continuing operations attributable to AES excluding unrealized gains or losses related to derivative transactions, unrealized foreign currency gains or losses, gains or losses due to dispositions and acquisitions of business interests, losses due to impairments and costs due to the early retirement of debt. The Company has concluded that Adjusted PTC best reflects the underlying business performance of the Company and is the most relevant measure considered in the Company's internal evaluation of the financial performance of its segments. Additionally, given its large number of businesses and complexity, the Company concluded that Adjusted PTC is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the Company's results.    

Revenue and Adjusted PTC before intersegment eliminations includes the effect of intercompany transactions with other segments except for interest, charges for certain management fees, and the write-off of intercompany balances, as applicable. All intra-segment activity has been eliminated within the segment. Inter-segment activity has been eliminated within the total consolidated results.

The following tables present financial information by segment for the periods indicated (in millions):

EarningsPerSharePolicyTextBlock

Basic and diluted earnings per share are based on the weighted-average number of shares of common stock and potential common stock outstanding during the period. Potential common stock, for purposes of determining diluted earnings per share, includes the effects of dilutive restricted stock units, stock options and convertible securities. The effect of such potential common stock is computed using the treasury stock method or the if-converted method, as applicable.

Revenue
Year Ended December 31,
Total Revenue
 
Intersegment
 
External Revenue
2015
 
2014
 
2013
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
US SBU
$
3,593

 
$
3,826

 
$
3,630

 
$

 
$

 
$

 
$
3,593

 
$
3,826

 
$
3,630

Andes SBU
2,489

 
2,642

 
2,639

 
(10
)
 
(4
)
 
(1
)
 
2,479

 
2,638

 
2,638

Brazil SBU
4,666

 
6,009

 
5,015

 

 

 

 
4,666

 
6,009

 
5,015

MCAC SBU
2,353

 
2,682

 
2,713

 
(2
)
 
(2
)
 
(1
)
 
2,351

 
2,680

 
2,712

Europe SBU
1,191

 
1,439

 
1,347

 
(4
)
 
(6
)
 

 
1,187

 
1,433

 
1,347

Asia SBU
684

 
558

 
550

 

 

 

 
684

 
558

 
550

Corporate and Other
31

 
15

 
7

 
(28
)
 
(13
)
 
(8
)
 
3

 
2

 
(1
)
Total Revenue
$
15,007

 
$
17,171

 
$
15,901

 
$
(44
)
 
$
(25
)
 
$