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. See The AES Corporation (AES) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see cash efficiency ratio of The AES Corporation.
Annual Cash Flow Reinvestment Rate for The AES Corporation (1994–2025)
Year-by-year capital reinvestment analysis for The AES Corporation. See how financially flexible is The AES Corporation to measure the company's free cash flow as a share of total liabilities.
| 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 | — |