AES Reports Strong Cash Results for Second Quarter 2016: Consolidated Net Cash Provided by Operating Activities of $723 Million and Proportional Free Cash Flow of $417 Million

The AES Corporation (NYSE: AES) today reported Consolidated Net Cash Provided by Operating Activities for the second quarter of 2016 of $723 million, an increase of $570 million, primarily driven by the collection of overdue receivables at Maritza in Bulgaria, as well as favorable working capital in Brazil, partially offset by lower margins. Second quarter 2016 Proportional Free Cash Flow (a non-GAAP financial measure) increased $355 million to $417 million, primarily due to the same factors as Consolidated Net Cash Provided by Operating Activities. ….