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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments697624594450393376
Cash and cash equivalents509403393247234215
Short-term investments188220201203159162
Restricted cash and investments474846186210198
Receivables2,6702,0632,0281,7051,9271,891
Derivative instruments and hedges, assets34019495173163126
Regulatory asset1,2876489193150293
Disposal group, including discontinued operation 2,8242,920    
Other undisclosed current assets1,5541,3121,4991,4721,2711,369
Total current assets:9,4197,8094,3524,0784,1144,253
Noncurrent Assets
Operating lease, right-of-use asset645578866957
Intangible assets, net (including goodwill)535353535353
Goodwill535353535353
Derivative instruments and hedges284267242267254282
Regulated entity, other noncurrent assets4,7274,6954,1844,0174,2314,799
Other noncurrent assets3,7184,3983,8523,4072,5772,554
Other undisclosed noncurrent assets3,3413,8673,3072,9762,4752,528
Total noncurrent assets:12,76813,85812,50411,6769,59010,215
Other undisclosed assets71,28366,00163,90260,13855,09950,262
TOTAL ASSETS:93,46987,66980,75775,89268,80364,729
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,6133,9143,4543,6873,3243,415
Interest and dividends payable273268244232235
Taxes payable1,5861,4761,3581,2181,116
Accounts payable2,6132,0551,7102,0861,8742,065
Accrued liabilities2,000     
Debt6,1094,7684,5654,6713,6641,813
Derivative instruments and hedges, liabilities14575791145562
Regulatory liability 1253875912
Disposal group, including discontinued operation 1,9561,881    
Customer advances and deposits357
Other liabilities1,2611,3691,1991,3741,1911,033
Other undisclosed current liabilities4824185773663571,580
Total current liabilities:14,56712,4279,92710,2998,6498,271
Noncurrent Liabilities
Long-term debt and lease obligation33,62631,79429,62525,86121,88219,658
Long-term debt, excluding current maturities33,62631,30128,98625,12721,64819,420
Capital lease obligations234239
Liabilities, other than long-term debt20,85020,39720,05019,24418,96118,315
Asset retirement obligations2,8612,6762,4692,2172,2881,926
Deferred tax liabilities, net7,0876,814
Deferred income tax liabilities8,4938,2038,2417,588
Regulatory liability8,0008,6868,3798,4588,5408,422
Other liabilities599601728720783831
Operating lease, liability552493638735
Derivative instruments and hedges, liabilities345230233262263322
Other undisclosed noncurrent liabilities257328336466144159
Total noncurrent liabilities:54,73452,51950,01145,57140,98638,132
Total liabilities:69,30164,94559,93855,87149,63546,404
Temporary equity, carrying amount    6669 
Equity
Equity, attributable to parent23,89322,43320,55119,63219,02818,287
Common stock3,4133,4093,3593,3433,3373,329
Additional paid in capital8,0517,1736,5896,5366,4866,399
Accumulated other comprehensive income (loss)84185(85)(148)(120)(68)
Retained earnings12,34611,66710,6889,9019,3258,627
Equity, attributable to noncontrolling interest2292472242813127
Total equity:24,12222,68020,77519,91319,05918,314
Other undisclosed liabilities and equity464345433912
TOTAL LIABILITIES AND EQUITY:93,46987,66980,75775,89268,80364,729

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues19,64016,79214,91915,56116,19615,425
Revenue, net9,325
Cost of revenue
(Cost of Goods and Services Sold)
      (2,347)
Gross profit:19,64016,79214,91915,56116,19613,078
Operating expenses(16,157)(13,381)(11,931)(12,969)(13,513)(11,854)
Other undisclosed operating income      2,347
Operating income:3,4833,4112,9882,5922,6833,571
Nonoperating income334300324315269122
Investment income, nonoperating     1228
Public utilities, allowance for funds used during construction, capitalized cost of equity13414014816813394
Net periodic defined benefits expense (reversal of expense), excluding service cost component189119119120125
Other nonoperating income12415727  
Interest and debt expense(1,396)(1,199)(1,166)(1,073)(984)(895)
Other undisclosed income from continuing operations before equity method investments, income taxes     719
Income from continuing operations before equity method investments, income taxes:2,4202,5122,1461,8351,9742,816
Income (loss) from equity method investments(109)9291727382
Other undisclosed loss from continuing operations before income taxes(1)(3)(3)(3)(3) 
Income from continuing operations before income taxes:2,3102,6002,2341,9042,0442,899
Income tax expense (benefit)(5)(116)(41)13(115)(970)
Other undisclosed income from continuing operations     3 
Income from continuing operations:2,3042,4852,1941,9171,9311,929
Income before gain (loss) on sale of properties:2,4852,1941,9171,9311,929
Other undisclosed net income1333  
Net income:2,3062,4882,1971,9201,9311,929
Net income (loss) attributable to noncontrolling interest2 31(8)(16)
Other undisclosed net loss attributable to parent      
Net income attributable to parent:2,3072,4882,2001,9211,9241,913
Other undisclosed net income available to common stockholders, basic      
Net income available to common stockholders, diluted:2,3072,4882,2001,9211,9241,913

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,3062,4882,1971,9201,9311,929
Other comprehensive income (loss)(101)27063(27)(24)89
Comprehensive income:2,2052,7582,2591,8931,9082,017
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2 31(8)(16)
Comprehensive income, net of tax, attributable to parent:2,2062,7582,2631,8941,9002,001

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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