The company said its full-year 2023 net loss narrowed to $182 million from a net loss of $505 million in 2022, and that diluted EPS changed to $0.34 from $0.82 in 2022. It attributed the 2023 results to $1.1 billion of impairments.

1. 01

   The company said its full-year 2023 net loss narrowed to $182 million from a net loss of $505 million in 2022, and that diluted EPS changed to $0.34 from $0.82 in 2022. It attributed the 2023 results to $1.1 billion of impairments.

2. 02

   AES said full-year 2023 Adjusted EBITDA was $2,812 million, down $119 million from $2,931 million in 2022. Adjusted EBITDA with Tax Attributes was $3,423 million, and the company said Tax Attributes rose to $611 million, an increase of $344 million.

3. 03

   The company reported net cash provided by operating activities of $3,034 million, net cash used in investing activities of $8,188 million, and net cash provided by financing activities of $5,405 million for full-year 2023. Capital expenditures, within investing activities, were $7,724 million.

4. 04

   AES said it initiated 2024 guidance for Adjusted EPS of $1.87 to $1.97 and for Adjusted EBITDA of $2,600 to $2,900 million. The company also said it raised its annualized Adjusted EBITDA growth target through 2027 to 5% to 7% from 3% to 5%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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