The AES Corporation Cash Flow Reinvestment Rate
The AES Corporation cash flow reinvestment rate. The AES Corporation (AES) has a Cash Flow Reinvestment Rate of 1.58x as of March 2026, reinvesting $1.89 Billion (capex $1.77 Billion plus investments $126.00 Million) from operating cash flow of $1.20 Billion. See AES financial flexibility index to measure the company's free cash flow as a share of total liabilities.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Cash Flow Reinvestment Rate of The AES Corporation (1994–2025)
Cash flow reinvestment rate of The AES Corporation from 1994 to 2025. Historical reinvestment intensity for The AES Corporation across 32 annual periods. Explore The AES Corporation (AES) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
The AES Corporation Cash Flow Reinvestment Rate by Year (1994–2025)
The AES Corporation cash flow reinvestment rate by year from 1994 to 2025. Year-by-year capital reinvestment analysis for The AES Corporation. For the full cash flow conversion analysis, see The AES Corporation (AES) cash conversion ratio.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.40x | $6.02 Billion | $4.31 Billion | $5.93 Billion | ▼ -74.5% |
| 2024 | 5.48x | $15.09 Billion | $2.75 Billion | $7.39 Billion | ▲ +8.0% |
| 2023 | 5.08x | $15.41 Billion | $3.03 Billion | $7.72 Billion | ▲ +32.7% |
| 2022 | 3.83x | $10.39 Billion | $2.71 Billion | $4.55 Billion | ▲ +197.5% |
| 2021 | 1.29x | $2.45 Billion | $1.90 Billion | $2.12 Billion | ▲ +56.9% |
| 2020 | 0.82x | $2.26 Billion | $2.75 Billion | $1.90 Billion | ▼ -28.7% |
| 2019 | 1.15x | $2.83 Billion | $2.47 Billion | $2.40 Billion | ▲ +13.3% |
| 2018 | 1.01x | $2.38 Billion | $2.34 Billion | $2.12 Billion | ▲ +8.8% |
| 2017 | 0.93x | $2.32 Billion | $2.49 Billion | $2.18 Billion | ▲ +3.6% |
| 2016 | 0.90x | $2.59 Billion | $2.88 Billion | $2.35 Billion | ▼ -18.7% |
| 2015 | 1.10x | $2.36 Billion | $2.13 Billion | $2.31 Billion | ▼ -7.5% |
| 2014 | 1.19x | $2.14 Billion | $1.79 Billion | $2.02 Billion | ▲ +56.2% |
| 2013 | 0.77x | $2.08 Billion | $2.71 Billion | $1.99 Billion | ▼ -17.1% |
| 2012 | 0.92x | $2.68 Billion | $2.90 Billion | $2.24 Billion | ▲ +6.9% |
| 2011 | 0.86x | $2.49 Billion | $2.88 Billion | $2.43 Billion | ▲ +25.4% |
| 2010 | 0.69x | $2.42 Billion | $3.51 Billion | $2.31 Billion | ▼ -42.4% |
| 2009 | 1.19x | $2.64 Billion | $2.21 Billion | $2.52 Billion | ▼ -9.0% |
| 2008 | 1.31x | $2.84 Billion | $2.17 Billion | $2.84 Billion | ▲ +27.5% |
| 2007 | 1.03x | $2.42 Billion | $2.36 Billion | $2.42 Billion | ▲ +69.9% |
| 2006 | 0.61x | $1.46 Billion | $2.41 Billion | $1.46 Billion | ▲ +14.7% |
| 2005 | 0.53x | $1.14 Billion | $2.17 Billion | $1.14 Billion | ▼ -7.0% |
| 2004 | 0.57x | $892.00 Million | $1.57 Billion | $892.00 Million | ▼ -24.1% |
| 2003 | 0.75x | $1.23 Billion | $1.64 Billion | $1.23 Billion | ▼ -46.7% |
| 2002 | 1.40x | $2.12 Billion | $1.51 Billion | $2.12 Billion | ▼ -25.2% |
| 2001 | 1.88x | $3.17 Billion | $1.69 Billion | $3.17 Billion | ▼ -59.9% |
| 2000 | 4.68x | $2.15 Billion | $459.00 Million | $2.15 Billion | ▲ +10.6% |
| 1999 | 4.23x | $834.00 Million | $197.00 Million | $834.00 Million | ▲ +332.4% |
| 1998 | 0.98x | $517.00 Million | $528.00 Million | $517.00 Million | ▼ -63.0% |
| 1997 | 2.65x | $511.00 Million | $193.00 Million | $511.00 Million | ▼ -4.8% |
| 1996 | 2.78x | $506.00 Million | $182.00 Million | $506.00 Million | ▲ +246.6% |
| 1995 | 0.80x | $158.00 Million | $197.00 Million | $158.00 Million | ▲ +1251.9% |
| 1994 | 0.06x | $9.70 Million | $163.50 Million | $9.70 Million | — |