American Electric Power Company, Inc. (AEP) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments547393376542563549471
Cash and cash equivalents349234215211176163118
Short-term investments198159162332387386353
Restricted cash and investments141210198    
Receivables1,8251,9271,8911,9171,6412,0722,017
Derivative instruments and hedges, assets18716312695134178160
Regulatory current assets9915029315711512780
Disposal group, including discontinued operation   1,951   
Other undisclosed current assets1,3681,2711,3691,3731,6191,5521,582
Total current assets:4,1664,1144,2536,0344,0724,4784,310
Noncurrent Assets
Operating lease, right-of-use asset990
Property, plant and equipment     44,11740,997
Long-term investments and receivables     648569
Long-term investments     648569
Intangible assets, net (including goodwill)53535353539191
Goodwill53535353539191
Derivative instruments and hedges299254282289322294297
Regulated entity, other noncurrent assets4,0704,2314,7997,1126,8906,3366,749
Other noncurrent assets2,7952,5772,5542,0852,1072,2212,038
Other undisclosed noncurrent assets2,8352,4752,5282,2562,106(42,669)(39,634)
Total noncurrent assets:11,0429,59010,21511,79511,47811,03811,107
Other undisclosed assets58,69355,09950,26245,63946,13344,11740,997
TOTAL ASSETS:73,90168,80364,72963,46861,68359,63356,414
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9553,3243,4152,9642,6242,3972,088
Accounts payable1,7671,8742,0651,6891,4181,2871,266
Taxes payable8831,2181,1161,048979871822
Interest and dividends payable305232235227227239 
Debt4,0673,6641,8132,9411,9283,9602,416
Derivative instruments and hedges, liabilities75556253879290
Regulatory liability1015912811455119
Disposal group, including discontinued operation   236   
Customer advances and deposits357343347324
Other liabilities1,0321,1911,0331,3031,3051,250965
Other undisclosed current liabilities3813571,5801,650704(111)434
Total current liabilities:8,6118,6498,2719,4987,1097,9676,112
Noncurrent Liabilities
Long-term debt and lease obligation25,35521,88219,65817,62117,98816,62217,256
Long-term debt, excluding current maturities24,55421,64819,42017,37817,74116,18116,828
Capital lease obligations234239242247441428
Operating lease, liability801
Liabilities, other than long-term debt11,99518,96118,31518,55718,34618,10016,973
Asset retirement obligations2,3542,2881,9261,8311,8071,9511,835
Deferred tax liabilities, net7,0876,81411,88411,73310,98610,300
Liability for uncertainty in income taxes     69 
Regulatory liability8,5538,5408,4223,7513,7363,8923,694
Other liabilities7907838317758911,071967
Derivative instruments and hedges, liabilities299263322316179131177
Other undisclosed noncurrent liabilities7,804144159372336120(13)
Total noncurrent liabilities:45,15440,98638,13236,55036,67034,84234,216
Total liabilities:53,76549,63546,40446,04843,77842,80940,328
Temporary equity, carrying amount6769     
Stockholders' equity
Stockholders' equity attributable to parent19,71619,02818,28717,39717,89216,82016,085
Common stock3,3423,3373,3293,3283,3243,3133,303
Additional paid in capital6,4676,4866,3996,3336,2976,2046,131
Accumulated other comprehensive loss(188)(120)(68)(156)(127)(103)(115)
Retained earnings10,0959,3258,6277,8928,3987,4066,766
Stockholders' equity attributable to noncontrolling interest2813127231341
Total stockholders' equity:19,99819,05918,31417,42017,90516,82416,086
Other undisclosed liabilities and equity713912    
TOTAL LIABILITIES AND EQUITY:73,90168,80364,72963,46861,68359,63356,414

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues15,74716,19615,42516,38016,45317,02015,357
Revenue, net9,3259,1939,19510,0839,870
Cost of revenue
(Cost of Goods and Services Sold)
  (2,347)(2,821)(3,348)(6,358)(5,559)
Gross profit:15,74716,19613,07813,55913,10510,6629,798
Operating expenses(12,898)(13,513)(11,854)(15,173)(13,120)(13,788)(12,502)
Other undisclosed operating income  2,3472,8213,3486,3585,559
Operating income:2,8492,6833,5711,2073,3343,2322,855
Nonoperating income300269122130140380188
Investment income, nonoperating01228168277115
Public utilities, allowance for funds used during construction, capitalized cost of equity1621339411313210373
Net periodic defined benefits expense (reversal of expense), excluding service cost component119125
Interest and debt expense(1,033)(984)(895)(877)(874)(885)(906)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1)7191624(237)(27)
Income from continuing operations before equity method investments, income taxes:2,1161,9742,8164762,6232,4902,110
Income from equity method investments69738271659058
Other undisclosed loss from continuing operations before income taxes(3)(3)     
Income from continuing operations before income taxes:2,1822,0442,8995472,6882,5802,168
Income tax expense (benefit)(53)(115)(970)74(920)(942)(684)
Other undisclosed income from continuing operations33     
Income from continuing operations:2,1321,9311,9296211,7691,6381,484
Income (loss) from discontinued operations   (3)284  
Net income:2,1321,9311,9296182,0521,6381,484
Net loss attributable to noncontrolling interest(1)(8)(16)(7)(5)(4)(4)
Net income available to common stockholders, diluted:2,1311,9241,9136112,0471,6341,480

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2,1321,9311,9296182,0521,6381,484
Other comprehensive income (loss)(102)(24)89(29)(30)12217
Comprehensive income:2,0301,9082,0175892,0221,6501,701
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(8)(16)(7)(5)(4)4
Other undisclosed comprehensive loss, net of tax, attributable to parent      (8)
Comprehensive income, net of tax, attributable to parent:2,0291,9002,0015822,0171,6461,697

Statements sources

The financial statements are based on the company's filings with the 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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