The AES Corporation
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $426.0M | $487.0M | $320.0M | $639.0M | $-95.0M | $46.0M | $467.0M | $504.0M |
| Depreciation & Amortization | $-434.0M | $-433.0M | $-401.0M | $-365.0M | $-354.0M | $-337.0M | $-319.0M | $-312.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.05B | $1.20B | $1.49B | $1.30B | $976.0M | $545.0M | $1.09B | $985.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.64B | $1.77B | $1.54B | $1.81B | $1.33B | $1.25B | $1.73B | $1.83B |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.46B | $-1.80B | $-1.59B | $-1.74B | $-1.60B | $-1.28B | $-1.61B | $-1.87B |
| Financing Activities | ||||||||
| Dividends Paid | $126.0M | $125.0M | $125.0M | $126.0M | $125.0M | $125.0M | $122.0M | $123.0M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $485.0M | $756.0M | $-278.0M | $791.0M | $145.0M | $1.32B | $-224.0M | $1.43B |
| Net Change in Cash | $64.0M | $157.0M | $-387.0M | $348.0M | $-365.0M | $527.0M | $-520.0M | $411.0M |
| Free Cash Flow | $-597.0M | $-565.0M | $-47.0M | $-511.0M | $-356.0M | $-709.0M | $-639.0M | $-847.0M |