American Electric Power Company Inc. (AEP) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 RIVERSIDE PLAZA
COLUMBUS, OH 43215
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments544697624594450393
Cash and cash equivalents330509403393247234
Short-term investments214188220201203159
Restricted cash and investments49474846186210
Receivables2,6042,6702,0632,0281,7051,927
Derivative instruments and hedges, assets21834019495173163
Regulatory asset5141,2876489193150
Disposal group, including discontinued operation 2,8242,920   
Other undisclosed current assets2,1541,5541,3121,4991,4721,271
Total current assets:6,0829,4197,8094,3524,0784,114
Noncurrent Assets
Operating lease, right-of-use asset620645578866957
Intangible assets, net (including goodwill)535353535353
Goodwill535353535353
Derivative instruments and hedges321284267242267254
Regulated entity, other noncurrent assets5,4294,7274,6954,1844,0174,231
Other noncurrent assets3,6263,7184,3983,8523,4072,577
Other undisclosed noncurrent assets3,8603,3413,8673,3072,9762,475
Total noncurrent assets:13,90912,76813,85812,50411,6769,590
Other undisclosed assets76,69371,28366,00163,90260,13855,099
TOTAL ASSETS:96,68493,46987,66980,75775,89268,803
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,2434,6133,9143,4543,6873,324
Interest and dividends payable273268244232
Taxes payable1,5861,4761,3581,218
Accounts payable2,0332,6132,0551,7102,0861,874
Accrued liabilities2,2102,000    
Debt5,3216,1094,7684,5654,6713,664
Derivative instruments and hedges, liabilities230145757911455
Regulatory liability 2712538759
Disposal group, including discontinued operation 1,9561,881   
Other liabilities1,2511,2611,3691,1991,3741,191
Other undisclosed current liabilities513482418577366357
Total current liabilities:11,58414,56712,4279,92710,2998,649
Noncurrent Liabilities
Long-term debt and lease obligation37,65333,62631,79429,62525,86121,882
Long-term debt, excluding current maturities37,65333,62631,30128,98625,12721,648
Capital lease obligations234
Liabilities, other than long-term debt21,87820,85020,39720,05019,24418,961
Asset retirement obligations2,9732,8612,6762,4692,2172,288
Deferred tax liabilities, net7,087
Deferred income tax liabilities9,4168,4938,2038,2417,588
Regulatory liability8,1828,0008,6868,3798,4588,540
Other liabilities546599601728720783
Operating lease, liability519552493638735
Derivative instruments and hedges, liabilities242345230233262263
Other undisclosed noncurrent liabilities242257328336466144
Total noncurrent liabilities:59,77254,73452,51950,01145,57140,986
Total liabilities:71,35669,30164,94559,93855,87149,635
Temporary equity, carrying amount     6669
Equity
Equity, attributable to parent25,24723,89322,43320,55119,63219,028
Common stock3,4283,4133,4093,3593,3433,337
Additional paid in capital9,0748,0517,1736,5896,5366,486
Accumulated other comprehensive income (loss)(56)84185(85)(148)(120)
Retained earnings12,80012,34611,66710,6889,9019,325
Equity, attributable to noncontrolling interest3922924722428131
Total equity:25,28624,12222,68020,77519,91319,059
Other undisclosed liabilities and equity434643454339
TOTAL LIABILITIES AND EQUITY:96,68493,46987,66980,75775,89268,803

Income Statement (P&L) ($ in millions)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues18,98219,64016,79214,91915,56116,196
Gross profit:18,98219,64016,79214,91915,56116,196
Operating expenses(15,426)(16,157)(13,381)(11,931)(12,969)(13,513)
Operating income:3,5563,4833,4112,9882,5922,683
Nonoperating income459334300324315269
Public utilities, allowance for funds used during construction, capitalized cost of equity175134140148168133
Net periodic defined benefits expense (reversal of expense), excluding service cost component221189119119120125
Other nonoperating income6312415727 
Interest and debt expense(1,807)(1,396)(1,199)(1,166)(1,073)(984)
Other undisclosed income from continuing operations before equity method investments, income taxes      7
Income from continuing operations before equity method investments, income taxes:2,2092,4202,5122,1461,8351,974
Income (loss) from equity method investments59(109)92917273
Other undisclosed loss from continuing operations before income taxes(1)(1)(3)(3)(3)(3)
Income from continuing operations before income taxes:2,2662,3102,6002,2341,9042,044
Income tax expense (benefit)(55)(5)(116)(41)13(115)
Other undisclosed income from continuing operations      3
Income from continuing operations:2,2112,3042,4852,1941,9171,931
Income before gain (loss) on sale of properties:2,4852,1941,9171,931
Other undisclosed net income11333 
Net income:2,2132,3062,4882,1971,9201,931
Net income (loss) attributable to noncontrolling interest(5)2 31(8)
Other undisclosed net income attributable to parent      
Net income attributable to parent:2,2082,3072,4882,2001,9211,924
Other undisclosed net loss available to common stockholders, basic      
Net income available to common stockholders, diluted:2,2082,3072,4882,2001,9211,924

Comprehensive Income ($ in millions)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:2,2132,3062,4882,1971,9201,931
Other comprehensive income (loss)(139)(101)27063(27)(24)
Comprehensive income:2,0732,2052,7582,2591,8931,908
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)2 31(8)
Comprehensive income, net of tax, attributable to parent:2,0692,2062,7582,2631,8941,900

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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