AES Corp. The Reports Operating Results (10-Q)

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Nov 07, 2012
AES Corp. The (AES, Financial) filed Quarterly Report for the period ended 2012-09-30.

Aes Corp has a market cap of $7.82 billion; its shares were traded at around $10.56 with a P/E ratio of 11.5 and P/S ratio of 0.5.

Highlight of Business Operations:

For the three and nine months ended September 30, 2012 and 2011, pre-tax gains (losses) of $(11) million, and $0 million, respectively, net of noncontrolling interests were reclassified into earnings as a result of the discontinuance of a cash flow hedge because it was probable that the forecasted transaction would not occur by the end of the originally specified time period (as documented at the inception of the hedging relationship) or within an additional two-month time period thereafter.

The following tables set forth the gains (losses) recognized in accumulated other comprehensive loss (AOCL) and earnings related to the effective portion of derivative instruments in qualifying cash flow hedging relationships, as defined in the accounting standards for derivatives and hedging, for the three and nine months ended September 30, 2012 and 2011:

The unaudited actual DPL revenue and net income attributable to The AES Corporation included in AESs Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2012, and the unaudited pro forma revenue and net income attributable to The AES Corporation, of the combined entity for the three and nine months ended September 30, 2011, as if the acquisition had occurred January 1, 2011, are as follows:

The following tables present a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for income from continuing operations for the three and nine months ended September 30, 2012 and 2011. In the table below, income represents the numerator and weighted-average shares represent the denominator:

We are a global power company. We operate two primary lines of business. The first is our Generation business, where we own and/or operate power plants to generate and sell power to wholesale customers such as utilities, other intermediaries and certain end-users. The second is our Utilities business, where we own and/or operate utilities which distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area and, in certain circumstances, generate and sell electricity on the wholesale market. For the nine months ended September 30, 2012, our Generation and Utilities businesses comprised approximately 45% and 55% of our consolidated revenue, respectively.

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