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)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 448 | 544 | 564 | 507 | 538 | 697 | |||
| Cash and cash equivalents | 231 | 330 | 353 | 305 | 344 | 509 | |||
| Short-term investments | 217 | 214 | 211 | 203 | 195 | 188 | |||
| Restricted cash and investments | 51 | 49 | 54 | 46 | 50 | 47 | |||
| Receivables | 2,505 | 2,604 | 2,725 | 2,578 | 2,445 | 2,670 | |||
| Derivative instruments and hedges, assets | 153 | 218 | 263 | 280 | 191 | 340 | |||
| Regulatory asset | 550 | 514 | 1,088 | 1,256 | 1,380 | 1,287 | |||
| Disposal group, including discontinued operation | 1,383 | 1,396 | 2,824 | ||||||
| Other undisclosed current assets | 2,143 | 2,154 | 2,043 | 1,992 | 1,798 | 1,554 | |||
| Total current assets: | 5,850 | 6,082 | 6,737 | 8,041 | 7,798 | 9,419 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 603 | 620 | 619 | 634 | 632 | 645 | |||
| Intangible assets, net (including goodwill) | 53 | 53 | 53 | 53 | 53 | 53 | |||
| Goodwill | 53 | 53 | 53 | 53 | 53 | 53 | |||
| Derivative instruments and hedges | 314 | 321 | 290 | 267 | 318 | 284 | |||
| Regulated entity, other noncurrent assets | 5,344 | 5,429 | 4,973 | 5,067 | 4,998 | 4,727 | |||
| Other noncurrent assets | 3,673 | 3,626 | 3,094 | 3,610 | 3,871 | 3,718 | |||
| Other undisclosed noncurrent assets | 4,113 | 3,860 | 3,540 | 3,649 | 3,501 | 3,341 | |||
| Total noncurrent assets: | 14,099 | 13,909 | 12,568 | 13,279 | 13,373 | 12,768 | |||
| Other undisclosed assets | 77,796 | 76,693 | 75,821 | 74,681 | 73,347 | 71,283 | |||
| TOTAL ASSETS: | 97,745 | 96,684 | 95,126 | 96,002 | 94,518 | 93,469 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,174 | 4,243 | 3,946 | 4,203 | 4,310 | 4,613 | |||
| Accounts payable | 1,991 | 2,033 | 2,259 | 2,434 | 2,269 | 2,613 | |||
| Accrued liabilities | 2,183 | 2,210 | 1,687 | 1,769 | 2,040 | 2,000 | |||
| Debt | 4,936 | 5,321 | 5,504 | 7,248 | 6,527 | 6,109 | |||
| Derivative instruments and hedges, liabilities | 184 | 230 | 152 | 176 | 166 | 145 | |||
| Regulatory liability | 27 | 1 | |||||||
| Disposal group, including discontinued operation | 65 | 67 | 1,956 | ||||||
| Other liabilities | 1,069 | 1,251 | 1,180 | 1,076 | 1,045 | 1,261 | |||
| Other undisclosed current liabilities | 543 | 513 | 497 | 499 | 506 | 482 | |||
| Total current liabilities: | 10,907 | 11,584 | 11,278 | 13,267 | 12,622 | 14,567 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 38,637 | 37,653 | 36,716 | 36,762 | 36,239 | 33,626 | |||
| Long-term debt, excluding current maturities | 38,637 | 37,653 | 36,716 | 36,762 | 36,239 | 33,626 | |||
| Liabilities, other than long-term debt | 22,075 | 21,878 | 21,469 | 21,536 | 21,386 | 20,850 | |||
| Asset retirement obligations | 2,973 | 2,973 | 2,895 | 2,880 | 2,878 | 2,861 | |||
| Deferred income tax liabilities | 9,662 | 9,416 | 9,267 | 9,158 | 8,989 | 8,493 | |||
| Regulatory liability | 8,089 | 8,182 | 7,916 | 8,121 | 8,095 | 8,000 | |||
| Other liabilities | 561 | 546 | 597 | 568 | 573 | 599 | |||
| Operating lease, liability | 509 | 519 | 515 | 534 | 536 | 552 | |||
| Derivative instruments and hedges, liabilities | 280 | 242 | 278 | 275 | 315 | 345 | |||
| Other undisclosed noncurrent liabilities | 231 | 242 | 238 | 249 | 247 | 257 | |||
| Total noncurrent liabilities: | 60,943 | 59,772 | 58,423 | 58,547 | 57,872 | 54,734 | |||
| Total liabilities: | 71,849 | 71,356 | 69,701 | 71,814 | 70,494 | 69,301 | |||
| Equity | |||||||||
| Equity, attributable to parent | 25,803 | 25,247 | 25,310 | 23,901 | 23,738 | 23,893 | |||
| Common stock | 3,433 | 3,428 | 3,424 | 3,422 | 3,418 | 3,413 | |||
| Additional paid in capital | 9,094 | 9,074 | 8,996 | 8,111 | 8,074 | 8,051 | |||
| Accumulated other comprehensive income (loss) | (62) | (56) | (41) | (36) | (68) | 84 | |||
| Retained earnings | 13,338 | 12,800 | 12,930 | 12,406 | 12,314 | 12,346 | |||
| Equity, attributable to noncontrolling interest | 40 | 39 | 40 | 222 | 230 | 229 | |||
| Total equity: | 25,844 | 25,286 | 25,350 | 24,124 | 23,968 | 24,122 | |||
| Other undisclosed liabilities and equity | 52 | 43 | 75 | 65 | 57 | 46 | |||
| TOTAL LIABILITIES AND EQUITY: | 97,745 | 96,684 | 95,126 | 96,002 | 94,518 | 93,469 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,026 | 4,577 | 5,342 | 4,373 | 4,691 | 4,881 | ||
| Gross profit: | 5,026 | 4,577 | 5,342 | 4,373 | 4,691 | 4,881 | ||
| Operating expenses | (3,853) | (3,954) | (3,988) | (3,498) | (3,986) | (4,321) | ||
| Operating income: | 1,173 | 623 | 1,353 | 875 | 705 | 560 | ||
| Nonoperating income | 102 | 129 | 118 | 111 | 102 | 103 | ||
| Public utilities, allowance for funds used during construction, capitalized cost of equity | 44 | 52 | 51 | 41 | 31 | 39 | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 45 | 55 | 55 | 55 | 56 | 47 | ||
| Other nonoperating income | 14 | 22 | 12 | 14 | 15 | 17 | ||
| Interest and debt expense | (436) | (461) | (470) | (460) | (416) | (394) | ||
| Income from continuing operations before equity method investments, income taxes: | 839 | 292 | 1,001 | 525 | 391 | 268 | ||
| Income (loss) from equity method investments | 25 | (2) | 21 | 19 | 20 | 30 | ||
| Other undisclosed loss from continuing operations before income taxes | (1) | (1) | ||||||
| Income from continuing operations before income taxes: | 864 | 288 | 1,023 | 545 | 411 | 297 | ||
| Income tax expense (benefit) | 142 | 49 | (64) | (29) | (10) | 85 | ||
| Income from continuing operations: | 1,006 | 336 | 958 | 516 | 400 | 382 | ||
| Other undisclosed net income | 1 | 1 | ||||||
| Net income: | 1,006 | 338 | 958 | 516 | 400 | 383 | ||
| Net income (loss) attributable to noncontrolling interest | (3) | (2) | (5) | 5 | (3) | 1 | ||
| Other undisclosed net income (loss) attributable to parent | 3 | 955 | (438) | (5) | ||||
| Net income attributable to parent: | 1,006 | 1,292 | 516 | 516 | 397 | 384 | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (3) | (955) | 438 | 5 | ||||
| Net income available to common stockholders, diluted: | 1,003 | 336 | 954 | 521 | 397 | 384 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,006 | 338 | 958 | 516 | 400 | 383 | ||
| Other comprehensive income (loss) | (7) | (15) | (4) | 32 | (152) | (391) | ||
| Comprehensive income (loss): | 999 | 323 | 954 | 548 | 249 | (8) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3) | (2) | (5) | 5 | (3) | 1 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 996 | 321 | 950 | 553 | 245 | (7) | ||
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.