The AES Corporation (AES) — 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. Explore The AES Corporation (AES) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
The AES Corporation Cash Flow Reinvestment Rate (1994–2025)
Historical reinvestment intensity for The AES Corporation across 32 annual periods. Also explore balance sheet size of The AES Corporation for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for The AES Corporation (1994–2025)
Year-by-year capital reinvestment analysis for The AES Corporation. For live market cap and broader valuation context, see The AES Corporation market capitalisation.
| 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 | — |