The AES Corporation Financial Flexibility Index
The AES Corporation financial flexibility index. The AES Corporation (AES) has a Financial Flexibility Index of 0.07x as of March 2026. Free cash flow of $2.97 Billion (operating CF $1.20 Billion minus capex $1.77 Billion) represents 0% of total liabilities ($43.46 Billion). Explore The AES Corporation (AES) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of The AES Corporation (1994–2025)
Financial flexibility index of The AES Corporation from 1994 to 2025. Historical Financial Flexibility Index trend for The AES Corporation across 32 annual periods. Check AES cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
The AES Corporation Financial Flexibility Index by Year (1994–2025)
The AES Corporation financial flexibility index by year from 1994 to 2025. Year-by-year free cash flow to debt coverage for The AES Corporation. For the full cash flow conversion analysis, see AES cash flow metrics.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.26x | $10.23 Billion | $4.31 Billion | $39.84 Billion | ▲ +0.6% |
| 2024 | 0.26x | $10.14 Billion | $2.75 Billion | $39.70 Billion | ▼ -7.8% |
| 2023 | 0.28x | $10.76 Billion | $3.03 Billion | $38.81 Billion | ▲ +29.2% |
| 2022 | 0.21x | $7.27 Billion | $2.71 Billion | $33.86 Billion | ▲ +51.7% |
| 2021 | 0.14x | $4.02 Billion | $1.90 Billion | $28.40 Billion | ▼ -9.2% |
| 2020 | 0.16x | $4.66 Billion | $2.75 Billion | $29.88 Billion | ▼ -9.1% |
| 2019 | 0.17x | $4.87 Billion | $2.47 Billion | $28.42 Billion | ▲ +3.4% |
| 2018 | 0.17x | $4.46 Billion | $2.34 Billion | $26.92 Billion | ▲ +0.5% |
| 2017 | 0.17x | $4.67 Billion | $2.49 Billion | $28.27 Billion | ▼ -4.0% |
| 2016 | 0.17x | $5.23 Billion | $2.88 Billion | $30.42 Billion | ▲ +17.2% |
| 2015 | 0.15x | $4.44 Billion | $2.13 Billion | $30.30 Billion | ▲ +21.8% |
| 2014 | 0.12x | $3.81 Billion | $1.79 Billion | $31.64 Billion | ▼ -16.2% |
| 2013 | 0.14x | $4.70 Billion | $2.71 Billion | $32.76 Billion | ▼ -4.1% |
| 2012 | 0.15x | $5.14 Billion | $2.90 Billion | $34.32 Billion | ▲ +0.1% |
| 2011 | 0.15x | $5.31 Billion | $2.88 Billion | $35.53 Billion | ▼ -22.6% |
| 2010 | 0.19x | $5.82 Billion | $3.51 Billion | $30.10 Billion | ▲ +25.2% |
| 2009 | 0.15x | $4.73 Billion | $2.21 Billion | $30.66 Billion | ▼ -14.3% |
| 2008 | 0.18x | $5.00 Billion | $2.17 Billion | $27.78 Billion | ▲ +17.9% |
| 2007 | 0.15x | $4.78 Billion | $2.36 Billion | $31.29 Billion | ▲ +11.7% |
| 2006 | 0.14x | $3.87 Billion | $2.41 Billion | $28.30 Billion | ▲ +6.3% |
| 2005 | 0.13x | $3.31 Billion | $2.17 Billion | $25.71 Billion | ▲ +39.2% |
| 2004 | 0.09x | $2.46 Billion | $1.57 Billion | $26.66 Billion | ▼ -9.2% |
| 2003 | 0.10x | $2.87 Billion | $1.64 Billion | $28.21 Billion | ▼ -3.7% |
| 2002 | 0.11x | $3.62 Billion | $1.51 Billion | $34.29 Billion | ▼ -35.4% |
| 2001 | 0.16x | $4.86 Billion | $1.69 Billion | $29.74 Billion | ▲ +63.3% |
| 2000 | 0.10x | $2.61 Billion | $459.00 Million | $26.05 Billion | ▲ +66.0% |
| 1999 | 0.06x | $1.03 Billion | $197.00 Million | $17.09 Billion | ▼ -55.5% |
| 1998 | 0.14x | $1.04 Billion | $528.00 Million | $7.71 Billion | ▲ +22.4% |
| 1997 | 0.11x | $704.00 Million | $193.00 Million | $6.35 Billion | ▼ -56.7% |
| 1996 | 0.26x | $688.00 Million | $182.00 Million | $2.69 Billion | ▲ +17.8% |
| 1995 | 0.22x | $355.00 Million | $197.00 Million | $1.63 Billion | ▲ +66.8% |
| 1994 | 0.13x | $173.20 Million | $163.50 Million | $1.33 Billion | — |