AESAES Corporation
Item 1. - Business is an outline of our strategy and our businesses by SBU, including key financial drivers. 10-K, Item 1
- Employees
- 982,000
- Headquarters
- Arlington, VA
What changed
10-K filed Mar 2, 2026 against Mar 11, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 3 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Auditor change | 8-K item 4.01 (change in certifying accountant) filed 2026-07-27 | 10-K · XBRL |
| Restatement (8-K item 4.02) | 8-K item 4.02 (non-reliance on previous financial statements) filed 2025-03-11 | 10-K · XBRL |
| Late filing notice (NT 10-K or NT 10-Q) | NT 10-K filed 2025-03-03: the company said its 10-K would be late | 10-K · XBRL |
| Material impairment (8-K item 2.06) | 8-K item 2.06 (material impairments) filed 2026-01-16: “The AES Corporation’s (“AES”) Maritza power plant in Bulgaria is operating under a Power Purchase Agreement (“PPA”) that expires in May 2026. Although negotiations are underway for a new PPA and other alternatives to realize additional value are being considered, no agreements have been reached. Further, in the fourth quarter of 2025, the Company made the decision not to invest in a conversion of…” | 10-K · XBRL |
| Accounting checks | 7 other checks clear, 4 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 3 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Mar 2, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-03-11. Quoted as filed.
were to acquire any of these types of businesses, there can be no assurance that we will be successful in transitioning them to private ownership or that we will not incur unforeseen obligations or liabilities.
10-K, Item 1A
Accounting checks
latest 10-K7 of 11 clear 4 worth a look. Checks, not verdicts.
- !Auditor change8-K item 4.01 (change in certifying accountant) filed 2026-07-27
- !Restatement (8-K item 4.02)8-K item 4.02 (non-reliance on previous financial statements) filed 2025-03-11
- !Late filing notice (NT 10-K or NT 10-Q)NT 10-K filed 2025-03-03: the company said its 10-K would be late
- !Material impairment (8-K item 2.06)8-K item 2.06 (material impairments) filed 2026-01-16: “The AES Corporation’s (“AES”) Maritza power plant in Bulgaria is operating under a Power Purchase Agreement (“PPA”) that expires in May 2026. Although negotiations are underway for a new PPA and other alternatives to realize additional value are being considered, no agreements have been reached. Further, in the fourth quarter of 2025, the Company made the decision not to invest in a conversion of…”
- ✓Receivables +2.2% vs revenue -0.4% (+2.6 pts)
- ✓Cash from operations $4.3B vs net income $910.0M (FY ending 2025-12-31)
- ✓Inventory +3.2% vs revenue -0.4% (+3.6 pts)
- ✓No statement of substantial doubt about going concern
- ✓No longer listed: Accounting for the Madison and Birdseye Acquisition. Same as last year: Allocation of Earnings to Noncontrolling Interests in Tax Equity Partnerships
- ✓No sentence in the 10-K concludes that controls were not effective because of a material weakness
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Nov 3, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
- Oct 28, 20268-K Other events 8-K item 8.01
- Oct 19, 20268-K Other events 8-K item 8.01
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