The AES Corporation (AES) — Free Cash Flow Generation Index
The AES Corporation (AES) has a Free Cash Flow Generation Index of -0.47x as of March 2026. Free cash flow of $-565.00 Million represents 0% of operating cash flow ($1.20 Billion). See working capital to net assets of The AES Corporation to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
The AES Corporation Free Cash Flow Generation Index (1994–2025)
Historical FCF Generation Index trend for The AES Corporation across 32 annual periods. Explore The AES Corporation debt service capacity to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for The AES Corporation (1994–2025)
Year-by-year Free Cash Flow Generation Index for The AES Corporation. For the full company profile including market capitalisation, see market cap of The AES Corporation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.38x | $-1.62 Billion | $4.31 Billion | $5.93 Billion | ▲ +77.6% |
| 2024 | -1.69x | $-4.64 Billion | $2.75 Billion | $7.39 Billion | ▼ -9.1% |
| 2023 | -1.55x | $-4.69 Billion | $3.03 Billion | $7.72 Billion | ▼ -128.6% |
| 2022 | -0.68x | $-1.84 Billion | $2.71 Billion | $4.55 Billion | ▼ -501.0% |
| 2021 | -0.11x | $-214.00 Million | $1.90 Billion | $2.12 Billion | ▼ -136.3% |
| 2020 | 0.31x | $855.00 Million | $2.75 Billion | $1.90 Billion | ▲ +1154.6% |
| 2019 | 0.02x | $61.00 Million | $2.47 Billion | $2.40 Billion | ▼ -73.9% |
| 2018 | 0.09x | $222.00 Million | $2.34 Billion | $2.12 Billion | ▼ -24.4% |
| 2017 | 0.13x | $312.00 Million | $2.49 Billion | $2.18 Billion | ▼ -32.9% |
| 2016 | 0.19x | $539.00 Million | $2.88 Billion | $2.35 Billion | ▲ +329.2% |
| 2015 | -0.08x | $-174.00 Million | $2.13 Billion | $2.31 Billion | ▲ +35.1% |
| 2014 | -0.13x | $-225.00 Million | $1.79 Billion | $2.02 Billion | ▼ -146.9% |
| 2013 | 0.27x | $727.00 Million | $2.71 Billion | $1.99 Billion | ▲ +16.8% |
| 2012 | 0.23x | $665.00 Million | $2.90 Billion | $2.24 Billion | ▲ +45.6% |
| 2011 | 0.16x | $454.00 Million | $2.88 Billion | $2.43 Billion | ▼ -54.0% |
| 2010 | 0.34x | $1.20 Billion | $3.51 Billion | $2.31 Billion | ▲ +346.4% |
| 2009 | -0.14x | $-307.00 Million | $2.21 Billion | $2.52 Billion | ▲ +55.5% |
| 2008 | -0.31x | $-675.00 Million | $2.17 Billion | $2.84 Billion | ▼ -980.7% |
| 2007 | -0.03x | $-68.00 Million | $2.36 Billion | $2.42 Billion | ▼ -107.3% |
| 2006 | 0.39x | $951.00 Million | $2.41 Billion | $1.46 Billion | ▼ -16.4% |
| 2005 | 0.47x | $1.02 Billion | $2.17 Billion | $1.14 Billion | ▲ +9.1% |
| 2004 | 0.43x | $680.00 Million | $1.57 Billion | $892.00 Million | ▲ +71.6% |
| 2003 | 0.25x | $414.00 Million | $1.64 Billion | $1.23 Billion | ▲ +162.5% |
| 2002 | -0.40x | $-608.00 Million | $1.51 Billion | $2.12 Billion | ▲ +54.0% |
| 2001 | -0.88x | $-1.48 Billion | $1.69 Billion | $3.17 Billion | ▲ +76.2% |
| 2000 | -3.68x | $-1.69 Billion | $459.00 Million | $2.15 Billion | ▼ -13.9% |
| 1999 | -3.23x | $-637.00 Million | $197.00 Million | $834.00 Million | ▼ -15620.8% |
| 1998 | 0.02x | $11.00 Million | $528.00 Million | $517.00 Million | ▲ +101.3% |
| 1997 | -1.65x | $-318.00 Million | $193.00 Million | $511.00 Million | ▲ +7.4% |
| 1996 | -1.78x | $-324.00 Million | $182.00 Million | $506.00 Million | ▼ -999.2% |
| 1995 | 0.20x | $39.00 Million | $197.00 Million | $158.00 Million | ▼ -79.0% |
| 1994 | 0.94x | $153.80 Million | $163.50 Million | $9.70 Million | — |