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AES AES

The AES Corporation is a Fortune 500 company that generates and distributes electrical power. AES is headquartered in Arlington, Virginia, and is one of the world's leading power companies, generating and distributing electric power in 15 countries and employing 10,500 people worldwide. The company was founded on January 28, 1981, as Applied Energy Services by Roger Sant and Dennis Bakke, two appointees of the Federal Energy Administration under president Richard Nixon. The company was initially a consulting firm; it became AES Corporation, which went public in 1991. Sant was chairman, CEO, and president and Bakke was executive vice president until assuming the position of president in 1987. Bakke would later become the company's CEO in 1994, serving for 8 years until his resignation in 2002, in the midst of a liquidity crisis that followed the collapse of the energy giant Enron. Sant remained as executive chairman until 2003 and as a member of the board until 2006. Paul Hanrahan was appointed President and CEO and served for 10 years, overseeing the stabilization of the company. Until the early 2000’s the company followed self management delegating much responsibility to ordinary employees. In 2012, Hanrahan resigned, his position as President and CEO of the company succeeded by Andres Gluski. As CEO, Gluski has implemented a strategy of reducing the number of countries in which AES does business, from 28 to 16, for the purpose of consolidating operations and reducing costs. Additionally, he also began a program of reducing the company's total carbon emission intensity.

Company profile

Ticker
AES, IPWLK, IPWLN, IPWLP, AESC
Exchange
Website
CEO
Andres Gluski
Employees
Incorporated
Location
Fiscal year end
Former names
AES CORPORATION
SEC CIK
IRS number
541163725

AES stock data

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Calendar

5 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from AES earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.61B 2.61B 2.61B 2.61B 2.61B 2.61B
Cash burn (monthly) (positive/no burn) (positive/no burn) 54.33M 19.67M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a 222.71M 80.61M n/a n/a
Cash remaining n/a n/a 2.38B 2.53B n/a n/a
Runway (months of cash) n/a n/a 43.9 128.4 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jul 21 Maura Shaughnessy Units Common Stock Grant Aquire A No No 24.58 8,979 220.7K 8,979
10 May 21 Andres Gluski Common Stock Gift Dispose G No No 0 100,000 0 1,143,724
22 Apr 21 Davidson Janet Units Common Stock Grant Aquire A No No 28.32 7,150 202.49K 39,136
22 Apr 21 Khanna Tarun Units Common Stock Grant Aquire A No No 28.32 8,651 245K 235,579

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

93.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 570 547 +4.2%
Opened positions 90 91 -1.1%
Closed positions 67 58 +15.5%
Increased positions 177 159 +11.3%
Reduced positions 224 224
13F shares
Current Prev Q Change
Total value 16.61B 14.56B +14.1%
Total shares 619.47M 619.3M +0.0%
Total puts 399.3K 766.9K -47.9%
Total calls 552.2K 1.38M -60.0%
Total put/call ratio 0.7 0.6 +30.1%
Largest owners
Shares Value Change
Vanguard 83.01M $2.23B -0.2%
FMR 59.55M $1.6B +33.2%
Capital World Investors 53.19M $1.43B -33.6%
Capital International Investors 44.27M $1.19B +35.6%
BLK Blackrock 43.73M $1.17B +1.6%
STT State Street 33.87M $907.95M -0.6%
AMP Ameriprise Financial 25.36M $679.77M -8.2%
Geode Capital Management 11.36M $303.74M +3.4%
Massachusetts Financial Services 9.53M $255.56M -3.1%
TROW T. Rowe Price 8.6M $230.58M -21.1%
Largest transactions
Shares Bought/sold Change
Capital World Investors 53.19M -26.88M -33.6%
FMR 59.55M +14.83M +33.2%
Capital International Investors 44.27M +11.63M +35.6%
Orbis Allan Gray 7.74M +6.83M +749.2%
Southpoint Capital Advisors 6M +5.83M +3392.9%
Pictet Asset Management 7.17M +3.7M +106.7%
Parnassus Investments 3.24M +3.24M NEW
TROW T. Rowe Price 8.6M -2.3M -21.1%
AMP Ameriprise Financial 25.36M -2.27M -8.2%
PointState Capital 2.18M +2.18M NEW

Financial report summary

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Competition
Tyme
Management Discussion
  • Consolidated Revenue — Revenue decreased $529 million, or 5%, in 2020 compared to 2019. Excluding the unfavorable FX impact of $182 million, primarily in South America, this decrease was driven by:
  • •$140 million in US and Utilities mainly driven by a decrease in energy pass-through rates and lower demand due to the COVID-19 pandemic in El Salvador, lower regulated rates as a result of the changes in DP&L's ESP, lower retail sales demand at IPL and DPL primarily due to milder weather and COVID-19 pandemic impacts, and decreased capacity sales, at Southland due to unit retirements, and at DPL due to the sale and closure of generation facilities. These decreases were partially offset by increased capacity sales at Southland Energy due to the commencement of the PPAs; and
  • •$88 million in MCAC mainly driven by lower generation and volume pass-through fuel revenue in Mexico, the disconnection of the Estrella del Mar I power barge from the grid in Panama, and lower market prices, spot sales and demand in both the Dominican Republic and at the Colon combined cycle facility in Panama. These decreases were partially offset by higher LNG sales in the Dominican Republic, driven by the Eastern Pipeline COD in 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Patents

GRANT
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A load management system for a hydroelectric power plant, includes a power generator configured to generate electrical energy from a flow of water for supplying a power grid, a virtual reservoir configured to store the generated electrical energy and dispatch the stored electrical energy to the power grid; a plurality of circuit breakers that connect an output of the power generator to the power grid and to the virtual reservoir; and a control unit configured to control operating states of the plurality of circuit breakers so that the generated electrical energy is stored at the virtual reservoir and at least one of the generated electrical energy or the stored electrical energy is provided to the power grid.
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