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Last $12.83 USD
Change Today -0.02 / -0.16%
Volume 5.4M
AES On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 6:40 PM 04/1/15 All times are local (Market data is delayed by at least 15 minutes).

aes corp (AES) Snapshot

Open
$12.86
Previous Close
$12.85
Day High
$12.95
Day Low
$12.64
52 Week High
06/30/14 - $15.65
52 Week Low
02/10/15 - $11.53
Market Cap
9.0B
Average Volume 10 Days
4.8M
EPS TTM
$1.15
Shares Outstanding
703.2M
EX-Date
01/30/15
P/E TM
11.2x
Dividend
$0.40
Dividend Yield
1.95%
Current Stock Chart for AES CORP (AES)

aes corp (AES) Related Businessweek News

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aes corp (AES) Details

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses a range of fuels to generate electricity, including natural gas, coal, hydro, wind, energy storage, oil, diesel, petroleum coke, biomass, landfill gas, and solar. The company owns and/or operates a generation portfolio of approximately 28,212 megawatts. It has operations in the United States, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, and Asia. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was founded in 1981 and is headquartered in Arlington, Virginia.

18,500 Employees
Last Reported Date: 02/26/15
Founded in 1981

aes corp (AES) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $650.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $339.2K
Executive Vice President, General Counsel and...
Total Annual Compensation: $568.0K
Chief Information Officer and Senior Vice Pre...
Total Annual Compensation: $420.0K
Compensation as of Fiscal Year 2014.

aes corp (AES) Key Developments

The AES Corporation Announces Tender Offers for up to a Total of $500 Million of 8.000% Senior Notes Due 2017, 8.000% Senior Notes Due 2020 and 7.375% Senior Notes Due 2021

The AES Corporation announced the commencement of tender offers to purchase for cash, subject to certain terms and conditions, up to a total of $500 million aggregate principal amount of its outstanding 8.000% senior notes due 2017, 8.000% senior notes due 2020, and 7.375% senior notes due 2021 and, together with the 2017 Notes and the 2020 Notes. The tender offers are scheduled to expire at 11:59 p.m., New York City time, on April 27, 2015, unless extended or earlier terminated by the company. The tender offers are being made pursuant to an offer to purchase dated March 31, 2015 and a related letter of transmittal dated March 31, 2015. Holders of the securities are urged to carefully read the tender offer materials before making any decision with respect to the tender offers. The principal amount of the securities to be purchased pursuant to the tender offers is up to $500,000,000, subject to the acceptance priority level.

The AES Corp. to Offer $575 Million in Senior Notes

The AES Corp. (AES) announced that it intends, subject to market and other conditions, to offer $575 million aggregate principal amount of senior notes due 2025. AES intends to use the net proceeds from the offering of the notes to fund the concurrent tender offers said it will purchase certain series of AES' outstanding senior notes and to pay certain related fees and expenses. If any net proceeds from this offering remain after completion of the tender offers, AES intends to use such proceeds to retire certain outstanding indebtedness and for general corporate purposes.

The AES Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014; Reaffirms Earnings Guidance for 2015

The AES Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $4,132 million against $3,800 million a year ago. Income from continuing operations before taxes and equity in earnings of affiliates was $434 million compared to loss from continuing operations before taxes and equity in earnings of affiliates of $119 million last year. Income from continuing operations were $298 million or $0.29 per basic and diluted share compared to loss from continuing operations of $173 million or $0.23 per basic and diluted share last year. Net income attributable to the company was $206 million or $0.29 per basic and diluted share compared to net loss attributable to the company of $206 million or $0.28 per basic and diluted share last year. Net cash provided by operating activities was $575 million compared to $675 million last year. Total capital expenditures were $795 million compared to $814 million last year. Adjusted pre-tax contribution was $384 million compared to $261 million last year. Adjusted EPS was $0.41 against $0.29 for the same period last year. For the year, the company reported total revenue was $17,146 million against $15,891 million a year ago. Income from continuing operations before taxes and equity in earnings of affiliates was $1,576 million compared to $1,048 million last year. Income from continuing operations were $1,176 million or $1.09 per basic and diluted share compared to $730 million or $0.38 per basic and diluted share last year. Net income attributable to the company was $769 million or $1.06 per basic and diluted share compared to $114 million or $0.15 per basic and diluted share last year. Net cash provided by operating activities was $1,791 million compared to $2,715 million last year. Total capital expenditures were $2,544 million compared to $2,579 million last year. Adjusted pre-tax contribution was $1,321 million compared to $1,207 million last year. Adjusted EPS was $1.30 against $1.29 for the same period last year. Diluted Earnings Per Share from Continuing Operations increase, driven primarily by gains on asset sales, lower impairment expenses and lower general and administrative expenses. Consolidated net cash provided by operating activities decrease was primarily due to the same drivers as Proportional Free Cash Flow For the fourth quarter ended December 31, 2014, the company reported goodwill impairment expense of $10 million against $314 million a year ago, and asset impairment expense of $1 million against $31 million a year ago. The company reaffirms its earnings guidance for the year 2015. The company expects consolidated adjusted EPS of $1.25 to $1.35. Consolidated cash flow from operating activities expected to be $2,000 to $2,800 million, consolidated maintenance capital expenditures expected to be $700 million to $1,000 million. Consolidated free cash flow is expected to be $1,000 million to $1,350 million. Proportional free cash flow is expected to be $1,000 to $1,350 million. Proportional maintenance capital expenditures expected to be $500 to $800 million.

 

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Industry Analysis

AES

Industry Average

Valuation AES Industry Range
Price/Earnings 11.8x
Price/Sales 0.5x
Price/Book 2.1x
Price/Cash Flow 11.8x
TEV/Sales NM Not Meaningful
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