Free Cash Flow for AES (AES)
Free Cash Flow for AES (AES): headline value -$1.62B · YoY -65.0%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

AES
Currently viewingFree Cash FlowSwitch metric
Latest period
-$1.62B
YoY change
-65.0%
5Y CAGR
N/A
Peak year (2010)
$1.20B
Latest annual
-$1.62B
Free Cash Flow history chart for AES (AES) from 1994 to 2025
Free Cash Flow history table for AES (AES) from 1994 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | -$1.62B | -65.0% | ||
| 2024 | -$4.64B | -1.1% | ||
| 2023 | -$4.69B | +155.4% | ||
| 2022 | -$1.84B | +757.9% | ||
| 2021 | -$214.00M | -125.0% | ||
| 2020 | $855.00M | +1301.6% | ||
| 2019 | $61.00M | -72.5% | ||
| 2018 | $222.00M | -28.8% | ||
| 2017 | $312.00M | -42.1% | ||
| 2016 | $539.00M | -409.8% | ||
| 2015 | -$174.00M | -22.7% | ||
| 2014 | -$225.00M | -130.9% | ||
| 2013 | $727.00M | +9.3% | ||
| 2012 | $665.00M | +46.5% | ||
| 2011 | $454.00M | -62.2% | ||
| 2010 | $1.20B | -490.9% | ||
| 2009 | -$307.00M | -54.5% | ||
| 2008 | -$675.00M | +892.6% | ||
| 2007 | -$68.00M | -107.2% | ||
| 2006 | $951.00M | -6.9% | ||
| 2005 | $1.02B | +50.3% | ||
| 2004 | $680.00M | +64.3% | ||
| 2003 | $414.00M | -168.1% | ||
| 2002 | -$608.00M | -59.0% | ||
| 2001 | -$1.48B | -12.4% | ||
| 2000 | -$1.69B | +165.5% | ||
| 1999 | -$637.00M | -5890.9% | ||
| 1998 | $11.00M | -103.5% | ||
| 1997 | -$318.00M | -1.9% | ||
| 1996 | -$324.00M | -930.8% | ||
| 1995 | $39.00M | -74.6% | ||
| 1994 | $153.80M | — |
Free Cash Flow values are taken from AES's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, AES (AES) free cash flow totalled -$1.62B – plunged 65.0% year-over-year.
AES free cash flow peaked at $1.20B in 2010; the latest annual figure is -$1.62B in 2025 (235.3% below peak).
Across the available history, free cash flow reached its high of $1.20B in 2010 and its low of -$4.69B in 2023.
AES (AES) sits 5th of 8 Utilities peers we track on this metric, against a peer median of -$192.00M.
AES Free Cash Flow by Year
AES Free Cash Flow 2025: -$1.62B
AES free cash flow in 2025 was -$1.62B, plunged 65.0% below 2024.
AES Free Cash Flow 2024: -$4.64B
AES free cash flow in 2024 was -$4.64B, edged down 1.1% below 2023.
AES Free Cash Flow 2023: -$4.69B
AES free cash flow in 2023 was -$4.69B, surged 155.4% from 2022. This figure represents the lowest annual value in the available history.
AES Free Cash Flow 2022: -$1.84B
AES free cash flow in 2022 was -$1.84B, surged 757.9% from 2021.
AES Free Cash Flow 2021: -$214.00M
AES free cash flow in 2021 was -$214.00M.
See more financial history for AES (AES).
Sector peers — Free Cash Flow
Companies in the same sector as AES, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| American Electric Power Company, Inc. (AEP) | $6.81B | Utilities |
| GE Vernova Inc. (GEV) | $3.71B | Utilities |
| NextEra Energy, Inc. (NEE) | $3.21B | Utilities |
| Constellation Energy Corporation (CEG) | $1.29B | Utilities |
| Duke Energy Corporation (DUK) | -$1.67B | Utilities |
| The Southern Company (SO) | -$3.59B | Utilities |
| Sempra (SRE) | -$6.05B | Utilities |
| Dominion Energy, Inc. (D) | -$7.28B | Utilities |
Frequently asked questions
What is AES's free cash flow?
Latest reported free cash flow for AES (AES) is -$1.62B (period ending December 31, 2025).
How has AES free cash flow changed year-over-year?
AES (AES) free cash flow changed -65.0% year-over-year on the latest annual filing.
When did AES free cash flow hit its highest annual value?
AES free cash flow reached its highest annual value of $1.20B in 2010.
What was AES free cash flow in 2024?
AES (AES) free cash flow in 2024 was -$4.64B.
What was AES free cash flow in 2025?
AES (AES) free cash flow in 2025 was -$1.62B.
Metrics overview
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