Author: 123jump.com Staff
123jump.com
Last Update: 8:02 AM EST November 09 2006

AES, the generator and distributor of electric power, reported a loss due to the restructuring of its operations in Brazil. The restructuring resulted in a $500 million or 76 cents per share after-tax non-cash charge, resulting in a GAAP loss and reducing year to date GAAP earnings. Included in the non-cash charge is 7 cents per share favorable adjusted earnings benefit. Net cash from operating activities increased 35% to $837 million, compared to $619 million last year.