The AES Corporation Free Cash Flow Generation Index
The AES Corporation 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). Check AES asset resilience ratio to evaluate the company's liquid asset resilience ratio.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Free Cash Flow Generation Index of The AES Corporation (1994–2025)
Free cash flow generation index of The AES Corporation from 1994 to 2025. Historical FCF Generation Index trend for The AES Corporation across 32 annual periods. Explore reinvestment intensity of The AES Corporation to see what proportion of operating cash flow is directed to capital expenditures.
The AES Corporation Free Cash Flow Generation Index by Year (1994–2025)
The AES Corporation free cash flow generation index by year from 1994 to 2025. Year-by-year Free Cash Flow Generation Index for The AES Corporation. For the full cash flow conversion analysis, see The AES Corporation cash conversion from operations.
| 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 | — |