filings.toolsItem 6. SELECTED FINANCIAL DATA
6K characters. Original on sec.gov · Markdown
Item 6. SELECTED FINANCIAL DATA
The following table presents 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, 2015 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 Note 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 27—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
| 2015 | 2014 | 2013 | 2012 | 2011(1) | |||||||||||||||
| Statement of Operations Data for the Years Ended December 31: | (in millions, except per share amounts) | ||||||||||||||||||
| Revenue | $ | 14,963 | $ | 17,146 | $ | 15,891 | $ | 17,164 | $ | 16,098 | |||||||||
| Income (loss) from continuing operations(2) | 762 | 1,176 | 730 | (420 | ) | 1,602 | |||||||||||||
| Income (loss) from continuing operations attributable to The AES Corporation, net of tax | 306 | 789 | 284 | (960 | ) | 506 | |||||||||||||
| Discontinued operations, net of tax | — | (20 | ) | (170 | ) | 48 | (448 | ) | |||||||||||
| Net income (loss) attributable to The AES Corporation | $ | 306 | $ | 769 | $ | 114 | $ | (912 | ) | $ | 58 | ||||||||
| Per Common Share Data | |||||||||||||||||||
| Basic earnings (loss) per share: | |||||||||||||||||||
| Income (loss) from continuing operations attributable to The AES Corporation, net of tax | $ | 0.45 | $ | 1.10 | $ | 0.38 | $ | (1.27 | ) | $ | 0.65 | ||||||||
| Discontinued operations, net of tax | — | (0.03 | ) | (0.23 | ) | 0.06 | (0.58 | ) | |||||||||||
| Basic earnings (loss) per share | $ | 0.45 | $ | 1.07 | $ | 0.15 | $ | (1.21 | ) | $ | 0.07 | ||||||||
| Diluted earnings (loss) per share: | |||||||||||||||||||
| Income (loss) from continuing operations attributable to The AES Corporation, net of tax | $ | 0.44 | $ | 1.09 | $ | 0.38 | $ | (1.27 | ) | $ | 0.65 | ||||||||
| Discontinued operations, net of tax | — | (0.03 | ) | (0.23 | ) | 0.06 | (0.58 | ) | |||||||||||
| Diluted earnings (loss) per share | $ | 0.44 | $ | 1.06 | $ | 0.15 | $ | (1.21 | ) | $ | 0.07 | ||||||||
| Dividends Declared Per Common Share | $ | 0.41 | 0.25 | 0.17 | 0.08 | — | |||||||||||||
| Cash Flow Data for the Years Ended December 31: | |||||||||||||||||||
| Net cash provided by operating activities | $ | 2,134 | $ | 1,791 | $ | 2,715 | $ | 2,901 | $ | 2,884 | |||||||||
| Net cash used in investing activities | (2,366 | ) | (656 | ) | (1,774 | ) | (895 | ) | (4,906 | ) | |||||||||
| Net cash provided by (used in) financing activities | 28 | (1,262 | ) | (1,136 | ) | (1,867 | ) | 1,412 | |||||||||||
| Total (decrease) increase in cash and cash equivalents | (277 | ) | (103 | ) | (258 | ) | 276 | (736 | ) | ||||||||||
| Cash and cash equivalents, ending | 1,262 | 1,539 | 1,642 | 1,900 | 1,624 | ||||||||||||||
| Balance Sheet Data at December 31: | |||||||||||||||||||
| Total assets | $ | 36,850 | $ | 38,966 | $ | 40,411 | $ | 41,830 | $ | 45,346 | |||||||||
| Non-recourse debt (noncurrent) | 13,263 | 13,618 | 13,318 | 12,265 | 13,261 | ||||||||||||||
| Non-recourse debt (noncurrent)—Discontinued operations | — | — | 124 | 322 | 1,369 | ||||||||||||||
| Recourse debt (noncurrent) | 5,015 | 5,107 | 5,551 | 5,951 | 6,180 | ||||||||||||||
| Redeemable stock of subsidiaries | 538 | 78 | 78 | 78 | 78 | ||||||||||||||
| Retained earnings (accumulated deficit) | 143 | 512 | (150 | ) | (264 | ) | 678 | ||||||||||||
| The AES Corporation stockholders' equity | 3,149 | 4,272 | 4,330 | 4,569 | 5,946 |
| (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 $602 million, $383 million, $596 million, $1.9 billion, and $272 million for the years ended December 31, 2015, 2014, 2013, 2012 and 2011, 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. |
Previous: Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES · Next: Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS