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). Read The AES Corporation (AES) total liabilities for a breakdown of total debt and financial obligations.
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 capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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 The AES Corporation stock valuation.
| 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 | — |