Aes annual free cash flow
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2008
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2019
2020
2021
2022
2023
2024
2025
Aes Free Cash Flow (FCF) History (AES)
Aes reported −$1.62B in free cash flow for fiscal 2025, an increase of $3.02B from the previous fiscal year, with a free cash flow margin of −13.27%.
View full Aes company overviewAes free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$1.62B | $3.02B | — | −13.27% |
| 2024 | 2024-12-31 | −$4.64B | $50.0M | — | −37.79% |
| 2023 | 2023-12-31 | −$4.69B | −$2.85B | — | −37.02% |
| 2022 | 2022-12-31 | −$1.84B | −$1.62B | — | −14.55% |
| 2021 | 2021-12-31 | −$214.0M | −$1.07B | — | −1.92% |
| 2020 | 2020-12-31 | $855.0M | $794.0M | +1301.64% | +8.85% |
| 2019 | 2019-12-31 | $61.0M | −$161.0M | −72.52% | +0.60% |
| 2018 | 2018-12-31 | $222.0M | −$105.0M | −32.11% | +2.07% |
| 2017 | 2017-12-31 | $327.0M | −$225.0M | −40.76% | +3.11% |
| 2016 | 2016-12-31 | $552.0M | $726.0M | — | +5.37% |
| 2015 | 2015-12-31 | −$174.0M | $51.0M | — | −1.55% |
| 2014 | 2014-12-31 | −$225.0M | −$952.0M | — | −1.40% |
| 2013 | 2013-12-31 | $727.0M | −$66.0M | −8.32% | +4.57% |
| 2012 | 2012-12-31 | $793.0M | $339.0M | +74.67% | +4.62% |
| 2011 | 2011-12-31 | $454.0M | −$701.0M | −60.69% | +2.82% |
| 2010 | 2010-12-31 | $1.16B | $1.46B | — | +7.48% |
| 2009 | 2009-12-31 | −$309.0M | $381.0M | — | −2.36% |
| 2008 | 2008-12-31 | −$690.0M | −$619.0M | — | — |
| 2007 | 2007-12-31 | −$71.0M | — | — | — |
Aes quarterly free cash flow
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Q2.24
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Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$597.0M | −$241.0M | — | −17.45% |
| Q1 2026 | 2026-03-31 | −$565.0M | $144.0M | — | −17.77% |
| Q4 2025 | 2025-12-31 | −$47.0M | $592.0M | — | −1.52% |
| Q3 2025 | 2025-09-30 | −$511.0M | $336.0M | — | −15.25% |
| Q2 2025 | 2025-06-30 | −$356.0M | $937.0M | — | −12.47% |
| Q1 2025 | 2025-03-31 | −$709.0M | $1.15B | — | −24.23% |
| Q4 2024 | 2024-12-31 | −$639.0M | $1.06B | — | −21.57% |
| Q3 2024 | 2024-09-30 | −$847.0M | −$70.0M | — | −25.75% |
| Q2 2024 | 2024-06-30 | −$1.29B | −$10.0M | — | −43.95% |
| Q1 2024 | 2024-03-31 | −$1.86B | −$935.0M | — | −60.32% |
| Q4 2023 | 2023-12-31 | −$1.70B | −$930.0M | — | −57.41% |
| Q3 2023 | 2023-09-30 | −$777.0M | −$509.0M | — | −22.63% |
| Q2 2023 | 2023-06-30 | −$1.28B | −$798.0M | — | −42.39% |
| Q1 2023 | 2023-03-31 | −$926.0M | −$617.0M | — | −28.59% |
| Q4 2022 | 2022-12-31 | −$774.0M | −$715.0M | — | −25.29% |
| Q3 2022 | 2022-09-30 | −$268.0M | −$508.0M | — | −7.39% |
| Q2 2022 | 2022-06-30 | −$485.0M | −$269.0M | — | −15.76% |
| Q1 2022 | 2022-03-31 | −$309.0M | −$130.0M | — | −10.83% |
| Q4 2021 | 2021-12-31 | −$59.0M | −$202.0M | — | −2.13% |
| Q3 2021 | 2021-09-30 | $240.0M | −$614.0M | −71.90% | +7.91% |
| Q2 2021 | 2021-06-30 | −$216.0M | −$277.0M | — | −8.00% |
| Q1 2021 | 2021-03-31 | −$179.0M | $24.0M | — | −6.79% |
| Q4 2020 | 2020-12-31 | $143.0M | $229.0M | — | +5.59% |
| Q3 2020 | 2020-09-30 | $854.0M | $651.0M | +320.69% | +33.56% |
| Q2 2020 | 2020-06-30 | $61.0M | $303.0M | — | +2.75% |
| Q1 2020 | 2020-03-31 | −$203.0M | −$389.0M | — | −8.68% |
| Q4 2019 | 2019-12-31 | −$86.0M | −$219.0M | — | −3.54% |
| Q3 2019 | 2019-09-30 | $203.0M | $34.0M | +20.12% | +7.73% |
| Q2 2019 | 2019-06-30 | −$242.0M | −$142.0M | — | −9.75% |
| Q1 2019 | 2019-03-31 | $186.0M | $166.0M | +830.00% | +7.02% |
| Q4 2018 | 2018-12-31 | $133.0M | −$80.0M | −37.56% | +5.07% |
| Q3 2018 | 2018-09-30 | $169.0M | −$106.0M | −38.55% | +5.96% |
| Q2 2018 | 2018-06-30 | −$100.0M | $295.0M | — | −3.94% |
| Q1 2018 | 2018-03-31 | $20.0M | −$214.0M | −91.45% | +0.73% |
| Q4 2017 | 2017-12-31 | $213.0M | $73.0M | +52.14% | — |
| Q3 2017 | 2017-09-30 | $275.0M | −$29.0M | −9.54% | +10.21% |
| Q2 2017 | 2017-06-30 | −$395.0M | −$503.0M | — | −15.12% |
| Q1 2017 | 2017-03-31 | $234.0M | $234.0M | — | — |
| Q4 2016 | 2016-12-31 | $140.0M | $132.0M | +1650.00% | — |
| Q3 2016 | 2016-09-30 | $304.0M | −$92.0M | −23.23% | — |
| Q2 2016 | 2016-06-30 | $108.0M | $504.0M | — | — |
| Q1 2016 | 2016-03-31 | $0 | $182.0M | — | — |
| Q4 2015 | 2015-12-31 | $8.0M | $60.0M | — | — |
| Q3 2015 | 2015-09-30 | $396.0M | $114.0M | +40.43% | — |
| Q2 2015 | 2015-06-30 | −$396.0M | −$119.0M | — | — |
| Q1 2015 | 2015-03-31 | −$182.0M | −$4.0M | — | — |
| Q4 2014 | 2014-12-31 | −$52.0M | −$69.0M | — | — |
| Q3 2014 | 2014-09-30 | $282.0M | −$109.0M | −27.88% | — |
| Q2 2014 | 2014-06-30 | −$277.0M | −$379.0M | — | — |
| Q1 2014 | 2014-03-31 | −$178.0M | −$395.0M | — | −4.18% |
| Q4 2013 | 2013-12-31 | $17.0M | −$228.0M | −93.06% | +0.46% |
| Q3 2013 | 2013-09-30 | $391.0M | −$114.0M | −22.57% | +9.77% |
| Q2 2013 | 2013-06-30 | $102.0M | $14.0M | +15.91% | +2.51% |
| Q1 2013 | 2013-03-31 | $217.0M | $262.0M | — | +5.23% |
| Q4 2012 | 2012-12-31 | $245.0M | $272.0M | — | +5.93% |
| Q3 2012 | 2012-09-30 | $505.0M | $182.0M | +56.35% | +11.60% |
| Q2 2012 | 2012-06-30 | $88.0M | −$47.0M | −34.81% | +2.15% |
| Q1 2012 | 2012-03-31 | −$45.0M | −$68.0M | — | −0.98% |
| Q4 2011 | 2011-12-31 | −$27.0M | −$294.0M | — | −0.84% |
| Q3 2011 | 2011-09-30 | $323.0M | −$152.0M | −32.00% | +7.50% |
| Q2 2011 | 2011-06-30 | $135.0M | −$103.0M | −43.28% | +3.04% |
| Q1 2011 | 2011-03-31 | $23.0M | −$152.0M | −86.86% | +0.55% |
| Q4 2010 | 2010-12-31 | $267.0M | $688.0M | — | — |
| Q3 2010 | 2010-09-30 | $475.0M | $44.0M | +10.21% | +11.90% |
| Q2 2010 | 2010-06-30 | $238.0M | $340.0M | — | — |
| Q1 2010 | 2010-03-31 | $175.0M | $392.0M | — | — |
| Q4 2009 | 2009-12-31 | −$421.0M | −$646.0M | — | — |
| Q3 2009 | 2009-09-30 | $431.0M | — | — | — |
| Q2 2009 | 2009-06-30 | −$102.0M | — | — | — |
| Q1 2009 | 2009-03-31 | −$217.0M | — | — | — |
| Q3 2008 | 2008-09-30 | $225.0M | — | — | — |
Aes free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $855.0M to −$1.62B, a net decrease of $2.48B. Aes's latest reported quarter, Q2 2026, generated −$597.0M in free cash flow, a decrease of $241.0M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Aes filings at SEC.gov ↗