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This excerpt taken from the AES 10-Q filed Aug 17, 2007. Share-based Compensation The Company recently concluded an internal review of accounting for share-based compensation (the “LTC Review”), which originally was disclosed in the Company’s Form 8-K filed on February 26, 2007. As a result of the LTC Review, the Company identified certain errors in its previous accounting for share based compensation. These errors required adjustments to the Company’s previous accounting for these awards under the guidance of Accounting Principles Board Opinion (“APB”) No. 25, Accounting for Stock Issued to Employees (“APB No. 25”), Statement of Financial Accounting Standard (“SFAS”) No. 123, Accounting for Stock-Based Compensation and SFAS No. 123R, Share-Based Payment (“SFAS 123R”). The Company recorded an immaterial adjustment related to share-based compensation for the quarter ended March 31, 2006. For further discussion of other aspects of the Company’s restatement of its financial statements, see Part I—Restatement of Consolidated Financial Statements in the Company’s May 23, 2007 2006 Annual Report on Form 10-K. 36 Selected Operations and Comprehensive Income Data The following table sets forth the previously reported and restated amounts of selected items within the condensed consolidated statement of operations. This excerpt taken from the AES 10-K filed Aug 7, 2007. Share-based Compensation The Company recently concluded an internal review of accounting for share-based compensation (the “LTC Review”), which originally was disclosed in the Company’s Form 8-K filed on February 26, 2007. As 155 a result of the LTC Review, the Company identified certain errors in its previous accounting for share-based compensation. These errors required adjustments to the Company’s previous accounting for these awards under the guidance of Accounting Principles Board Opinion No 25, Accounting for Stock Issued to Employees (“APB No 25”), Financial Accounting Standards Board (“FASB”) Statement No 123, Accounting for Stock-Based Compensation (“FAS No 123”) and FASB Statement No 123R (revised 2004), Share-Based Payment (“FAS No 123R”). As described below, the Company is recorded adjustments to its prior financial statements that resulted in additional cumulative pre-tax compensation expense for the years 2000-2005 of $36 million ($26 million net of taxes). None of these adjustments, individually or in the aggregate, was quantitatively material to any period presented. In addition, the Company identified accounting for share-based compensation as a material weakness and prepared a remediation plan to strengthen further its granting and accounting practices to avoid similar errors in the future. See Item 9A—Disclosure Controls and Procedures of this Form 10-K/A for further explanation of the material weakness and the Company’s remediation plans. This excerpt taken from the AES 10-Q filed Jun 21, 2007. Share-based Compensation The Company recently concluded an internal review of accounting for share-based compensation (the “LTC Review”), which originally was disclosed in the Company’s Form 8-K filed on February 26, 2007. As a result of the LTC Review, the Company identified certain errors in its previous accounting for share based compensation. These errors required adjustments to the Company’s previous accounting for these awards under the guidance of APB No. 25, SFAS 123 and SFAS 123R. The Company recorded restatement adjustments to its prior financial statements resulting in additional cumulative pre-tax compensation expense for the years 2000-2005 of $36 million ($26 million net of tax). The Company recorded an immaterial adjustment related to share-based compensation for the quarter ended March 31, 2006. For further discussion of other aspects of the Company’s restatement of its financial statements, see Part I—Restatement of Consolidated Financial Statements in the Company’s 2006 Annual Report on Form 10-K. This excerpt taken from the AES 10-K filed May 23, 2007. Share-based Compensation The Company recently concluded an internal review of accounting for share-based compensation (the “LTC Review”), which originally was disclosed in the Company’s Form 8-K filed on February 26, 2007. As a result of the LTC Review, the Company identified certain errors in its previous accounting for share-based compensation. These errors required adjustments to the Company’s previous accounting for these awards under the guidance of Accounting Principles Board Opinion No. 25, Accounting for Stock 137 | EXCERPTS ON THIS PAGE:
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