Latest period
$6.44B
YoY change
-19.8%
5Y CAGR
+25.6%
Peak year (2023)
$7.72B
Cumulative CapEx
$76.20B
CapEx history chart for AES (AES) from 1994 to 2025
Latest: $5.93B
CapEx growth chart for AES (AES) from 1994 to 2025
Latest: -19.8%
CapEx history table for AES (AES) from 1994 to 2025
| 2025 | $5.93B | -19.8% | −$1.46B | ||
| 2024 | $7.39B | -4.3% | −$332.00M | ||
| 2023 | $7.72B | +69.7% | +$3.17B | ||
| 2022 | $4.55B | +115.1% | +$2.44B | ||
| 2021 | $2.12B | +11.4% | +$216.00M | ||
| 2020 | $1.90B | -21.0% | −$505.00M | ||
| 2019 | $2.40B | +13.4% | +$284.00M | ||
| 2018 | $2.12B | -2.6% | −$56.00M | ||
| 2017 | $2.18B | -7.2% | −$168.00M | ||
| 2016 | $2.35B | +1.6% | +$37.00M | ||
| 2015 | $2.31B | +14.5% | +$292.00M | ||
| 2014 | $2.02B | +1.4% | +$28.00M | ||
| 2013 | $1.99B | -11.1% | −$248.00M | ||
| 2012 | $2.24B | -8.0% | −$194.00M | ||
| 2011 | $2.43B | +5.2% | +$120.00M | ||
| 2010 | $2.31B | -8.3% | −$210.00M | ||
| 2009 | $2.52B | -11.3% | −$320.00M | ||
| 2008 | $2.84B | +17.1% | +$415.00M | ||
| 2007 | $2.42B | +66.1% | +$965.00M | ||
| 2006 | $1.46B | +27.7% | +$317.00M | ||
| 2005 | $1.14B | +28.1% | +$251.00M | ||
| 2004 | $892.00M | -27.4% | −$336.00M | ||
| 2003 | $1.23B | -42.0% | −$888.00M | ||
| 2002 | $2.12B | -33.3% | −$1.06B | ||
| 2001 | $3.17B | +47.6% | +$1.02B | ||
| 2000 | $2.15B | +157.8% | +$1.32B | ||
| 1999 | $834.00M | +61.3% | +$317.00M | ||
| 1998 | $517.00M | +1.2% | +$6.00M | ||
| 1997 | $511.00M | +1.0% | +$5.00M | ||
| 1996 | $506.00M | +220.3% | +$348.00M | ||
| 1995 | $158.00M | +1528.9% | +$148.30M | ||
| 1994 | $9.70M | — | — |
- 2025$5.93B-19.8%
- 2024$7.39B-4.3%
- 2023$7.72B+69.7%
- 2022$4.55B+115.1%
- 2021$2.12B+11.4%
- 2020$1.90B-21.0%
- 2019$2.40B+13.4%
- 2018$2.12B-2.6%
- 2017$2.18B-7.2%
- 2016$2.35B+1.6%
- 2015$2.31B+14.5%
- 2014$2.02B+1.4%
- 2013$1.99B-11.1%
- 2012$2.24B-8.0%
- 2011$2.43B+5.2%
- 2010$2.31B-8.3%
- 2009$2.52B-11.3%
- 2008$2.84B+17.1%
- 2007$2.42B+66.1%
- 2006$1.46B+27.7%
- 2005$1.14B+28.1%
- 2004$892.00M-27.4%
- 2003$1.23B-42.0%
- 2002$2.12B-33.3%
- 2001$3.17B+47.6%
- 2000$2.15B+157.8%
- 1999$834.00M+61.3%
- 1998$517.00M+1.2%
- 1997$511.00M+1.0%
- 1996$506.00M+220.3%
- 1995$158.00M+1528.9%
- 1994$9.70M—
CapEx values are taken from AES's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at AES (AES)
According to AES's latest reported financial statements, the company's current CapEx (TTM) is $6.44B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual CapEx for AES (AES) came in at $5.93B – declined 19.8% year-over-year.
Over 2020–2025 (5 years), AES CapEx expanded at a +25.6% compound annual rate, with mixed annual results across the window.
Between 2023 and 2025, AES CapEx declined 23.2%, falling from $7.72B to $5.93B.
Across the available history, CapEx reached its high of $7.72B in 2023 and its low of $9.70M in 1994.
AES Capital Expenditures by Year
AES Capital Expenditures 2025: $5.93B
2025's CapEx for AES came in at $5.93B, declined 19.8% below 2024.
AES Capital Expenditures 2024: $7.39B
AES posted CapEx of $7.39B in 2024, edged down 4.3% below 2023.
AES Capital Expenditures 2023: $7.72B
In 2023, AES reported CapEx of $7.72B, surged 69.7% from 2022. This figure represents the highest annual value in the available history.
AES Capital Expenditures 2022: $4.55B
AES CapEx in 2022 was $4.55B, surged 115.1% from 2021.
AES Capital Expenditures 2021: $2.12B
AES CapEx in 2021 was $2.12B.
See more financial history for AES (AES).
Sector peers by CapEx
Utilities peers of AES (AES), ranked by their latest CapEx
| $14.02B | |
| $12.74B | |
| $12.64B | |
| $10.61B | |
| $9.27B | |
| $2.95B | |
| $1.28B | |
| $130.00M |
- $14.02B
- $12.74B
- $12.64B
- $10.61B
- $9.27B
- $1.28B
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