filings.toolsItem 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
The following table sets forth our selected financial data as of the dates and for the periods indicated. You should read this data together with Item 7.—Management’s Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and the notes thereto included in Item 8.—Financial Statements and Supplementary Data of this Form 10-K. The selected financial data for each of the years in the five year period ended December 31, 2014 have been derived from our audited Consolidated Financial Statements. Prior period amounts have been restated to reflect discontinued operations in all periods presented. Effective July 1, 2014, the Company adopted new accounting guidance on discontinued operations. Please refer to Footnote 1 in Item 8.—Financial Statements and Supplementary Data of this Form 10-K for further explanation. Our historical results are not necessarily indicative of our future results.
Acquisitions, disposals, reclassifications and changes in accounting principles affect the comparability of information included in the tables below. Please refer to the Notes to the Consolidated Financial Statements included in Item 8.—Financial Statements and Supplementary Data of this Form 10-K for further explanation of the effect of such activities. Please also refer to Item 1A.—Risk Factors of this Form 10-K and Note 26—Risks and Uncertainties to the Consolidated Financial Statements included in Item 8.—Financial Statements and Supplementary Data of this Form 10-K for certain risks and uncertainties that may cause the data reflected herein not to be indicative of our future financial condition or results of operations.
SELECTED FINANCIAL DATA
| Years Ended December 31, | |||||||||||||||||||
| Statement of Operations Data | 2014 | 2013 | 2012 | 2011(1) | 2010 | ||||||||||||||
| (in millions, except per share amounts) | |||||||||||||||||||
| Revenue | $ | 17,146 | $ | 15,891 | $ | 17,164 | $ | 16,098 | $ | 14,644 | |||||||||
| Income (loss) from continuing operations(2) | 1,176 | 730 | (420 | ) | 1,602 | 1,420 | |||||||||||||
| Income (loss) from continuing operations attributable to The AES Corporation, net of tax | 789 | 284 | (960 | ) | 506 | 457 | |||||||||||||
| Discontinued operations, net of tax | (20 | ) | (170 | ) | 48 | (448 | ) | (448 | ) | ||||||||||
| Net income (loss) attributable to The AES Corporation | $ | 769 | $ | 114 | $ | (912 | ) | $ | 58 | $ | 9 | ||||||||
| Per Common Share Data | |||||||||||||||||||
| Basic earnings (loss) per share: | |||||||||||||||||||
| Income (loss) from continuing operations attributable to The AES Corporation, net of tax | $ | 1.10 | $ | 0.38 | $ | (1.27 | ) | $ | 0.65 | $ | 0.59 | ||||||||
| Discontinued operations, net of tax | (0.03 | ) | (0.23 | ) | 0.06 | (0.58 | ) | (0.58 | ) | ||||||||||
| Basic earnings (loss) per share | $ | 1.07 | $ | 0.15 | $ | (1.21 | ) | $ | 0.07 | $ | 0.01 | ||||||||
| Diluted earnings (loss) per share: | |||||||||||||||||||
| Income (loss) from continuing operations attributable to The AES Corporation, net of tax | $ | 1.09 | $ | 0.38 | $ | (1.27 | ) | $ | 0.65 | $ | 0.59 | ||||||||
| Discontinued operations, net of tax | (0.03 | ) | (0.23 | ) | 0.06 | (0.58 | ) | (0.58 | ) | ||||||||||
| Diluted earnings (loss) per share | $ | 1.06 | $ | 0.15 | $ | (1.21 | ) | $ | 0.07 | $ | 0.01 | ||||||||
| Dividends Declared Per Common Share | $ | 0.25 | 0.17 | 0.08 | — | — | |||||||||||||
| December 31, | |||||||||||||||||||
| Balance Sheet Data: | 2014 | 2013 | 2012 | 2011(1) | 2010 | ||||||||||||||
| (in millions) | |||||||||||||||||||
| Total assets | $ | 38,966 | $ | 40,411 | $ | 41,830 | $ | 45,346 | $ | 40,511 | |||||||||
| Non-recourse debt (noncurrent) | 13,618 | 13,318 | 12,265 | 13,261 | 10,986 | ||||||||||||||
| Non-recourse debt (noncurrent)—Discontinued operations | — | 124 | 322 | 1,369 | 1,558 | ||||||||||||||
| Recourse debt (noncurrent) | 5,107 | 5,551 | 5,951 | 6,180 | 4,149 | ||||||||||||||
| Cumulative preferred stock of subsidiaries | 78 | 78 | 78 | 78 | 60 | ||||||||||||||
| Retained earnings (accumulated deficit) | 512 | (150 | ) | (264 | ) | 678 | 620 | ||||||||||||
| The AES Corporation stockholders’ equity | 4,272 | 4,330 | 4,569 | 5,946 | 6,473 |
| (1) | On November 28, 2011, AES completed the acquisition of 100% of the common stock of DPL Inc. Its results of operations have been included in AES’s consolidated results of operations from the date of acquisition. |
| (2) | Includes pretax impairment expense of $383 million, $596 million, $1.9 billion, $272 million, and $332 million for the years ended December 31, 2014, 2013, 2012, 2011 and 2010, respectively. See Note 9—Other Non-Operating Expense, Note 10—Goodwill and Other Intangible Assets and Note 21—Asset Impairment Expense included in Item 8.—Financial Statements and Supplementary Data of this Form 10-K for further information. |
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