American Electric Power Company Inc. (AEP) Financial Statements (2026 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)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 464 | 418 | 474 | 428 | 448 | 544 | |||
| Cash and cash equivalent | 257 | 203 | 246 | 203 | 231 | 330 | |||
| Short-term investments | 207 | 215 | 229 | 226 | 217 | 214 | |||
| Restricted cash and investments | 35 | 43 | 53 | 45 | 51 | 49 | |||
| Receivables | 2,685 | 2,670 | 2,723 | 2,823 | 2,505 | 2,604 | |||
| Derivative instruments and hedges, assets | 309 | 210 | 237 | 323 | 153 | 218 | |||
| Regulatory asset | 537 | 446 | 400 | 506 | 550 | 514 | |||
| Disposal group, including discontinued operation | 353 | ||||||||
| Other undisclosed current assets | 1,907 | 2,001 | 2,134 | 2,174 | 2,143 | 2,154 | |||
| Total current assets: | 5,937 | 5,789 | 6,021 | 6,653 | 5,850 | 6,082 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 164 | ||||||||
| Operating lease, right-of-use asset | 581 | 603 | 620 | ||||||
| Property, plant and equipment | 110,175 | 715 | 80,074 | ||||||
| Long-term investments and receivables | 1,056 | ||||||||
| Long-term investments | 1,056 | ||||||||
| Intangible assets, net (including goodwill) | 53 | 53 | 53 | ||||||
| Goodwill | 53 | 53 | 53 | ||||||
| Derivative instruments and hedges | 255 | 314 | 321 | ||||||
| Regulated entity, other noncurrent assets | 339 | 5,638 | 5,344 | 5,429 | |||||
| Other noncurrent assets | 14,895 | 14,874 | 14,025 | 3,369 | 3,673 | 3,626 | |||
| Other undisclosed noncurrent assets | (26,612) | 80,142 | 4,214 | 4,113 | 3,860 | ||||
| Total noncurrent assets: | 98,458 | 97,289 | 94,098 | 14,109 | 14,099 | 13,909 | |||
| Other undisclosed assets | 78,860 | 77,796 | 76,693 | ||||||
| TOTAL ASSETS: | 104,395 | 103,078 | 100,119 | 99,623 | 97,745 | 96,684 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,767 | 5,013 | 4,087 | 4,303 | 4,174 | 4,243 | |||
| Accounts payable | 2,381 | 2,638 | 2,266 | 2,332 | 1,991 | 2,033 | |||
| Accrued liabilities | 2,386 | 2,375 | 1,821 | 1,971 | 2,183 | 2,210 | |||
| Deferred revenue | 468 | 455 | |||||||
| Debt | 7,525 | 5,859 | 4,486 | 3,754 | 4,936 | 5,321 | |||
| Derivative instruments and hedges, liabilities | 133 | 100 | 152 | 155 | 184 | 230 | |||
| Regulatory liability | 27 | ||||||||
| Disposal group, including discontinued operation | 13 | ||||||||
| Other liabilities | 1,257 | 1,491 | 1,415 | 1,398 | 1,069 | 1,251 | |||
| Other undisclosed current liabilities | 93 | 92 | 507 | 541 | 543 | 513 | |||
| Total current liabilities: | 14,242 | 13,009 | 10,648 | 10,163 | 10,907 | 11,584 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 38,811 | 39,425 | 39,148 | 39,990 | 38,637 | 37,653 | |||
| Long-term debt, excluding current maturities | 38,811 | 39,308 | 39,148 | 39,990 | 38,637 | 37,653 | |||
| Finance lease, liability | 117 | ||||||||
| Liabilities, other than long-term debt | 23,573 | 23,376 | 23,383 | 23,010 | 22,075 | 21,878 | |||
| Asset retirement obligations | 3,552 | 3,531 | 3,688 | 3,634 | 2,973 | 2,973 | |||
| Deferred income tax liabilities | 10,199 | 9,972 | 9,959 | 9,786 | 9,662 | 9,416 | |||
| Regulatory liability | 8,294 | 8,344 | 8,366 | 8,186 | 8,089 | 8,182 | |||
| Other liabilities | 828 | 801 | 678 | 646 | 561 | 546 | |||
| Operating lease, liability | 502 | 504 | 491 | 497 | 509 | 519 | |||
| Derivative instruments and hedges, liabilities | 198 | 224 | 202 | 261 | 280 | 242 | |||
| Other undisclosed noncurrent liabilities | 358 | 244 | 217 | 227 | 231 | 242 | |||
| Total noncurrent liabilities: | 62,742 | 63,045 | 62,747 | 63,227 | 60,943 | 59,772 | |||
| Total liabilities: | 76,984 | 76,054 | 73,395 | 73,390 | 71,849 | 71,356 | |||
| Temporary equity, including noncontrolling interest | 47 | 38 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 27,321 | 26,944 | 26,617 | 26,135 | 25,803 | 25,247 | |||
| Common stock | 3,479 | 3,472 | 3,469 | 3,465 | 3,433 | 3,428 | |||
| Additional paid in capital | 9,652 | 9,606 | 9,535 | 9,499 | 9,094 | 9,074 | |||
| Accumulated other comprehensive income (loss) | 20 | (3) | (87) | (40) | (62) | (56) | |||
| Retained earnings | 14,169 | 13,869 | 13,701 | 13,211 | 13,338 | 12,800 | |||
| Equity, attributable to noncontrolling interest | 43 | 42 | 41 | 41 | 40 | 39 | |||
| Total equity: | 27,364 | 26,986 | 26,659 | 26,176 | 25,844 | 25,286 | |||
| Other undisclosed liabilities and equity | 66 | 57 | 52 | 43 | |||||
| TOTAL LIABILITIES AND EQUITY: | 104,395 | 103,078 | 100,119 | 99,623 | 97,745 | 96,684 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,463 | 4,696 | 5,420 | 4,579 | 5,026 | 4,577 | ||
| Cost of revenue (Cost of Product and Service Sold) | (1,853) | |||||||
| Other undisclosed gross profit | (15,161) | |||||||
| Gross profit: | 3,611 | (10,465) | 5,420 | 4,579 | 5,026 | 4,577 | ||
| Operating expenses | 11,560 | (4,069) | (3,895) | (3,853) | (3,954) | |||
| Other undisclosed operating loss | (2,326) | |||||||
| Operating income: | 1,284 | 1,096 | 1,352 | 684 | 1,173 | 623 | ||
| Nonoperating income | 100 | 65 | 129 | 106 | 102 | 129 | ||
| Public utilities, allowance for funds used during construction, capitalized cost of equity | 57 | 58 | 54 | 55 | 44 | 52 | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 35 | (3) | 47 | 37 | 45 | 55 | ||
| Other nonoperating income | 8 | 10 | 29 | 13 | 14 | 22 | ||
| Interest and debt expense | (495) | (466) | (436) | (461) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (463) | (499) | ||||||
| Income from continuing operations before equity method investments, income taxes: | 890 | 698 | 982 | 324 | 839 | 292 | ||
| Income (loss) from equity method investments | 38 | 27 | 17 | 25 | 25 | (2) | ||
| Other undisclosed loss from continuing operations before income taxes | (1) | (1) | ||||||
| Income from continuing operations before income taxes: | 928 | 723 | 999 | 349 | 864 | 288 | ||
| Income tax expense (benefit) | (126) | (59) | (38) | (7) | 142 | 49 | ||
| Income from continuing operations: | 802 | 665 | 962 | 343 | 1,006 | 336 | ||
| Other undisclosed net income | 1 | 1 | ||||||
| Net income: | 802 | 666 | 962 | 343 | 1,006 | 338 | ||
| Net loss attributable to noncontrolling interest | (2) | (2) | (2) | (2) | (3) | (2) | ||
| Other undisclosed net income (loss) attributable to parent | (7) | 2 | 3 | 955 | ||||
| Net income attributable to parent: | 800 | 657 | 962 | 340 | 1,006 | 1,292 | ||
| Other undisclosed net income (loss) available to common stockholders, basic | 7 | (2) | (3) | (955) | ||||
| Net income available to common stockholders, diluted: | 800 | 664 | 960 | 340 | 1,003 | 336 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 802 | 666 | 962 | 343 | 1,006 | 338 | ||
| Other comprehensive income (loss) | 23 | 84 | (47) | 22 | (7) | (15) | ||
| Comprehensive income: | 826 | 750 | 915 | 365 | 999 | 323 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2) | (2) | (2) | (2) | (3) | (2) | ||
| Comprehensive income, net of tax, attributable to parent: | 824 | 748 | 913 | 363 | 996 | 321 | ||
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.