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AES (AES) Cash Flow Waterfall

Trace AES's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$4.96B

Capex

−$6.44B

Free Cash Flow

−$1.48B

FCF Margin

-29.8%

Cash flow waterfall for AES (AES) — TTM through Q1 2026

Free cash flow: −$1.48B

Cash flow breakdown for AES (AES) — TTM through Q1 2026

  • Operating Cash Flow$4.96B
  • Capital Expenditure−$6.44B
  • Free Cash Flow−$1.48B
  • Acquisitions$2.21B
  • Other Investing−$285.00M
  • Dividends Paid−$501.00M
  • Net Debt Change$104.00M
  • Other Financing & FX−$341.00M
  • Net Cash Decrease−$289.00M
Want to see what drove the FCF change?Free Cash Flow Bridge

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