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)
Annual | Quarterly

	12/31/2019	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 investments	450	393	376	542	563	549	471
Cash and cash equivalents	247	234	215	211	176	163	118
Short-term investments	203	159	162	332	387	386	353
Restricted cash and investments	186	210	198
Receivables	1,705	1,927	1,891	1,917	1,641	2,072	2,017
Derivative instruments and hedges, assets	173	163	126	95	134	178	160
Regulatory current assets	93	150	293	157	115	127	80
Disposal group, including discontinued operation				1,951
Other undisclosed current assets	1,472	1,271	1,369	1,373	1,619	1,552	1,582
Total current assets:	4,078	4,114	4,253	6,034	4,072	4,478	4,310
Noncurrent Assets
Operating lease, right-of-use asset	957	✕	✕	✕	✕	✕	✕
Property, plant and equipment						44,117	40,997
Long-term investments and receivables						648	569
Long-term investments						648	569
Intangible assets, net (including goodwill)	53	53	53	53	53	91	91
Goodwill	53	53	53	53	53	91	91
Derivative instruments and hedges	267	254	282	289	322	294	297
Regulated entity, other noncurrent assets	4,017	4,231	4,799	7,112	6,890	6,336	6,749
Other noncurrent assets	3,407	2,577	2,554	2,085	2,107	2,221	2,038
Other undisclosed noncurrent assets	2,976	2,475	2,528	2,256	2,106	(42,669)	(39,634)
Total noncurrent assets:	11,676	9,590	10,215	11,795	11,478	11,038	11,107
Other undisclosed assets	60,138	55,099	50,262	45,639	46,133	44,117	40,997
TOTAL ASSETS:	75,892	68,803	64,729	63,468	61,683	59,633	56,414
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities	3,687	3,324	3,415	2,964	2,624	2,397	2,088
Accounts payable	2,086	1,874	2,065	1,689	1,418	1,287	1,266
Taxes payable	1,358	1,218	1,116	1,048	979	871	822
Interest and dividends payable	244	232	235	227	227	239
Debt	4,671	3,664	1,813	2,941	1,928	3,960	2,416
Derivative instruments and hedges, liabilities	114	55	62	53	87	92	90
Regulatory liability	87	59	12	8	114	55	119
Disposal group, including discontinued operation				236
Customer advances and deposits	✕	✕	357	343	347	324	✕
Other liabilities	1,374	1,191	1,033	1,303	1,305	1,250	965
Other undisclosed current liabilities	366	357	1,580	1,650	704	(111)	434
Total current liabilities:	10,299	8,649	8,271	9,498	7,109	7,967	6,112
Noncurrent Liabilities
Long-term debt and lease obligation	25,861	21,882	19,658	17,621	17,988	16,622	17,256
Long-term debt, excluding current maturities	25,127	21,648	19,420	17,378	17,741	16,181	16,828
Capital lease obligations	✕	234	239	242	247	441	428
Operating lease, liability	735	✕	✕	✕	✕	✕	✕
Liabilities, other than long-term debt	19,244	18,961	18,315	18,557	18,346	18,100	16,973
Asset retirement obligations	2,217	2,288	1,926	1,831	1,807	1,951	1,835
Deferred tax liabilities, net	✕	7,087	6,814	11,884	11,733	10,986	10,300
Deferred income tax liabilities	7,588	✕	✕	✕	✕	✕	✕
Liability for uncertainty in income taxes						69
Regulatory liability	8,458	8,540	8,422	3,751	3,736	3,892	3,694
Other liabilities	720	783	831	775	891	1,071	967
Derivative instruments and hedges, liabilities	262	263	322	316	179	131	177
Other undisclosed noncurrent liabilities	466	144	159	372	336	120	(13)
Total noncurrent liabilities:	45,571	40,986	38,132	36,550	36,670	34,842	34,216
Total liabilities:	55,871	49,635	46,404	46,048	43,778	42,809	40,328
Temporary equity, carrying amount	66	69
Stockholders' equity
Stockholders' equity attributable to parent	19,632	19,028	18,287	17,397	17,892	16,820	16,085
Common stock	3,343	3,337	3,329	3,328	3,324	3,313	3,303
Additional paid in capital	6,536	6,486	6,399	6,333	6,297	6,204	6,131
Accumulated other comprehensive loss	(148)	(120)	(68)	(156)	(127)	(103)	(115)
Retained earnings	9,901	9,325	8,627	7,892	8,398	7,406	6,766
Stockholders' equity attributable to noncontrolling interest	281	31	27	23	13	4	1
Total stockholders' equity:	19,913	19,059	18,314	17,420	17,905	16,824	16,086
Other undisclosed liabilities and equity	43	39	12
TOTAL LIABILITIES AND EQUITY:	75,892	68,803	64,729	63,468	61,683	59,633	56,414

Income statement (P&L) ($ in millions)
Annual | Quarterly

	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014	12/31/2013
Revenues	15,561	16,196	15,425	16,380	16,453	17,020	15,357
Revenue, net	✕	✕	9,325	9,193	9,195	10,083	9,870
Cost of revenue (Cost of Goods and Services Sold)			(2,347)	(2,821)	(3,348)	(6,358)	(5,559)
Gross profit:	15,561	16,196	13,078	13,559	13,105	10,662	9,798
Operating expenses	(12,969)	(13,513)	(11,854)	(15,173)	(13,120)	(13,788)	(12,502)
Other undisclosed operating income			2,347	2,821	3,348	6,358	5,559
Operating income:	2,592	2,683	3,571	1,207	3,334	3,232	2,855
Nonoperating income	315	269	122	130	140	380	188
Investment income, nonoperating		12	28	16	8	277	115
Public utilities, allowance for funds used during construction, capitalized cost of equity	168	133	94	113	132	103	73
Net periodic defined benefits expense (reversal of expense), excluding service cost component	120	125	✕	✕	✕	✕	✕
Interest and debt expense	(1,073)	(984)	(895)	(877)	(874)	(885)	(906)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes		7	19	16	24	(237)	(27)
Income from continuing operations before equity method investments, income taxes:	1,835	1,974	2,816	476	2,623	2,490	2,110
Income from equity method investments	72	73	82	71	65	90	58
Other undisclosed loss from continuing operations before income taxes	(3)	(3)
Income from continuing operations before income taxes:	1,904	2,044	2,899	547	2,688	2,580	2,168
Income tax expense (benefit)	13	(115)	(970)	74	(920)	(942)	(684)
Other undisclosed income from continuing operations		3
Income from continuing operations:	1,917	1,931	1,929	621	1,769	1,638	1,484
Income (loss) from discontinued operations				(3)	284
Income before gain (loss) on sale of properties:	1,917	1,931	1,929	618	2,052	1,638	1,484
Other undisclosed net income	3
Net income:	1,920	1,931	1,929	618	2,052	1,638	1,484
Net income (loss) attributable to noncontrolling interest	1	(8)	(16)	(7)	(5)	(4)	(4)
Net income available to common stockholders, diluted:	1,921	1,924	1,913	611	2,047	1,634	1,480

Comprehensive Income ($ in millions)
Annual | Quarterly

	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014	12/31/2013
Net income:	1,920	1,931	1,929	618	2,052	1,638	1,484
Other comprehensive income (loss)	(27)	(24)	89	(29)	(30)	12	217
Comprehensive income:	1,893	1,908	2,017	589	2,022	1,650	1,701
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:	1,894	1,900	2,001	582	2,017	1,646	1,697

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

Company profile

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

Income statement (P&L) ($ in millions)
Annual | Quarterly

Comprehensive Income ($ in millions)
Annual | Quarterly

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IFRS financial reportingand analysis software

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

Company profile

Balance sheet (Statement of financial position) ($ in millions)Annual | Quarterly

Income statement (P&L) ($ in millions) Annual | Quarterly

Comprehensive Income ($ in millions)Annual | Quarterly

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IFRS financial reporting
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Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

Income statement (P&L) ($ in millions)
Annual | Quarterly

Comprehensive Income ($ in millions)
Annual | Quarterly