The AES Corporation (AES) — 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). Check The AES Corporation (AES) strategic investment index to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
The AES Corporation Financial Flexibility Index (1994–2025)
Historical Financial Flexibility Index trend for The AES Corporation across 32 annual periods. See AES working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for The AES Corporation (1994–2025)
Year-by-year free cash flow to debt coverage for The AES Corporation. For the full company profile including market capitalisation, see The AES Corporation market cap and net worth.
| 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 | — |