The AES Corporation (NYSE:AES) today reported financial results for the three months ending September 30, 2016. Compared with last year, these results reflect higher contributions from the US Strategic Business Unit (SBU) as a result of completion of construction projects at Indianapolis Power & Light in Indiana and the Andes SBU as a result of completion of the 531 MW Cochrane plant as well as lower cost of purchased power and fuel at Gener in Chile. These were largely offset by a lower contribution from the Brazil SBU due to the expiration of Tietê's contract at the end of 2015. Consolidated Net Cash Provided by Operating Activities for the third quarter of 2016 was $819 million, a decrease of $96 million compared to the third quarter last year. The result includes stable margins; the decline was driven by the settlement of overdue receivables in the Dominican Republic in September 2015 that benefited cash flow last year, partially offset by an improvement this year in working capital at Eletropaulo in Brazil. Third quarter 2016 Proportional Free Cash Flow (a non-GAAP financial measure) decreased $221 million to $400 million compared to the third quarter last year. This decrease reflects stable margins, while the main driver of lower Proportional Free Cash Flow was lower working capital due to the settlement of overdue receivables in the Dominican Republic in September 2015. Third quarter 2016 Diluted Earnings Per Share from Continuing Operations (Diluted EPS) was $0.26, flat with the third quarter of 2015. Third quarter 2016 Diluted EPS reflects stable margins and lower asset impairment expense compared to last year, largely offset by $0.06 lower equity in earnings of affiliates from the restructuring at Guacolda in Chile executed in the third quarter of 2015. Adjusted Earnings Per Share (Adjusted EPS, a non-GAAP financial measure) for the third quarter of 2016 decreased $0.06 to $0.32, primarily due to the $0.06 lower equity in earnings of affiliates from the restructuring at Guacolda.