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 AES total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see AES cash generation efficiency.
Annual Financial Flexibility Index for The AES Corporation (1994–2025)
Year-by-year free cash flow to debt coverage for The AES Corporation. Explore The AES Corporation cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
| 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 | — |