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
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments547386397393952374351
Cash and cash equivalents349211228234788211183
Short-term investments198176169159164163168
Restricted cash and investments141179135210149176133
Receivables1,8251,7811,8821,9272,1182,2711,852
Derivative instruments and hedges, assets1872509416319219590
Regulatory current assets99110123150138280352
Other undisclosed current assets1,3681,3551,2831,2711,1431,2741,357
Total current assets:4,1664,0613,9154,1144,6924,5704,135
Noncurrent Assets
Operating lease, right-of-use asset990  
Intangible assets, net (including goodwill)53535353535353
Goodwill53535353535353
Derivative instruments and hedges299314250254265265271
Regulated entity, other noncurrent assets4,0704,1354,1514,2314,1914,4584,664
Other noncurrent assets2,7952,9922,6552,5772,3952,5292,612
Other undisclosed noncurrent assets2,8353,7933,7292,4752,6662,5552,511
Total noncurrent assets:11,04211,28610,8399,5909,5699,85910,109
Other undisclosed assets58,69357,20355,96955,09953,35652,44251,365
TOTAL ASSETS:73,90172,55070,72268,80367,61766,87065,610
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9552,9762,9603,3242,6542,8152,804
Accounts payable1,7671,6891,4971,8741,5801,6351,450
Taxes payable8831,0461,1571,2187749441,081
Interest and dividends payable305241306232300235273
Debt4,0673,5343,3873,6644,1474,8715,275
Derivative instruments and hedges, liabilities751416355575457
Regulatory liability101556459671110
Customer advances and deposits369366
Other liabilities1,0321,0398881,1911,129939960
Other undisclosed current liabilities381611629357373  
Total current liabilities:8,6118,3577,9918,6498,4269,0589,471
Noncurrent Liabilities
Long-term debt and lease obligation25,35524,17422,89821,88220,87019,75118,845
Long-term debt, excluding current maturities24,55424,17422,89821,64820,87019,75118,845
Capital lease obligations234   
Operating lease, liability801  
Liabilities, other than long-term debt11,99519,29419,24618,96118,82318,88618,363
Asset retirement obligations2,3542,3312,3172,2881,9751,9661,934
Deferred tax liabilities, net7,2947,1937,0877,1107,0856,944
Regulatory liability8,5538,5578,6708,5408,6448,6848,395
Other liabilities790763798783807872808
Derivative instruments and hedges, liabilities299349268263287280283
Other undisclosed noncurrent liabilities7,8041,1761,244144351329331
Total noncurrent liabilities:45,15444,64443,38840,98640,04438,96637,539
Total liabilities:53,76553,00151,37949,63548,47048,02547,010
Temporary equity, carrying amount67686969707071
Stockholders' equity
Stockholders' equity attributable to parent19,71619,26019,19619,02819,01718,72218,483
Common stock3,3423,3413,3393,3373,3373,3353,333
Additional paid in capital6,4676,4556,4436,4866,4736,4596,445
Accumulated other comprehensive loss(188)(231)(151)(120)(86)(95)(95)
Retained earnings10,0959,6949,5669,3259,2949,0238,802
Stockholders' equity attributable to noncontrolling interest2811643231302928
Total stockholders' equity:19,99819,42319,22919,05919,04718,75118,512
Other undisclosed liabilities and equity71584639312417
TOTAL LIABILITIES AND EQUITY:73,90172,55070,72268,80367,61766,87065,610

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues4,3153,5744,0573,8014,3334,0134,048
Revenue, net2,4502,430
Cost of revenue
(Cost of Goods and Services Sold)
     (567)(502)
Gross profit:4,3153,5744,0573,8014,3333,4463,547
Operating expenses(3,357)(3,023)(3,268)(3,250)(3,665)(3,256)(3,342)
Other undisclosed operating income     567502
Operating income:958551788551669757706
Nonoperating income76876870683533
Public utilities, allowance for funds used during construction, capitalized cost of equity43502940313131
Net periodic defined benefits expense (reversal of expense), excluding service cost component3030302932  
Interest and debt expense(275)(251)(256)(251)(257)(242)(234)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (1)13435
Income from continuing operations before equity method investments, income taxes:759387600369481584540
Income from equity method investments15171918181919
Other undisclosed loss from continuing operations before income taxes   (3)   
Income from continuing operations before income taxes:775405619384499602559
Income tax expense (benefit)(41)54(45)(22)81(72)(102)
Other undisclosed income from continuing operations   3   
Net income:734459574365580530457
Net income (loss) attributable to noncontrolling interest(0)2(1)(1)(2)(2)(2)
Net income available to common stockholders, diluted:734461573363578528454

Comprehensive Income ($ in millions)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income:734459574365580530457
Other comprehensive income (loss)43(80)(30)(34)911
Comprehensive income:777379544330589531458
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)2(1)(1)(2)(2)(2)
Comprehensive income, net of tax, attributable to parent:776381543329586529456

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: