American Electric Power Company, Inc. (AEP) financial statements (2021 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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments594450393376542563549
Cash and cash equivalents393247234215211176163
Short-term investments201203159162332387386
Restricted cash and investments46186210198   
Receivables2,0281,7051,9271,8911,9171,6412,072
Derivative instruments and hedges, assets9517316312695134178
Regulatory current assets9193150293157115127
Disposal group, including discontinued operation    1,951  
Other undisclosed current assets1,4991,4721,2711,3691,3731,6191,552
Total current assets:4,3524,0784,1144,2536,0344,0724,478
Noncurrent Assets
Operating lease, right-of-use asset866957✕✕✕✕✕
Property, plant and equipment      44,117
Long-term investments and receivables      648
Long-term investments      648
Intangible assets, net (including goodwill)53535353535391
Goodwill53535353535391
Derivative instruments and hedges242267254282289322294
Regulated entity, other noncurrent assets4,1844,0174,2314,7997,1126,8906,336
Other noncurrent assets3,8523,4072,5772,5542,0852,1072,221
Other undisclosed noncurrent assets3,3072,9762,4752,5282,2562,106(42,669)
Total noncurrent assets:12,50411,6769,59010,21511,79511,47811,038
Other undisclosed assets63,90260,13855,09950,26245,63946,13344,117
TOTAL ASSETS:80,75775,89268,80364,72963,46861,68359,633
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4543,6873,3243,4152,9642,6242,397
Accounts payable1,7102,0861,8742,0651,6891,4181,287
Taxes payable1,4761,3581,2181,1161,048979871
Interest and dividends payable268244232235227227239
Debt4,5654,6713,6641,8132,9411,9283,960
Derivative instruments and hedges, liabilities791145562538792
Regulatory liability53875912811455
Disposal group, including discontinued operation    236  
Customer advances and deposits✕✕✕357343347324
Other liabilities1,1991,3741,1911,0331,3031,3051,250
Other undisclosed current liabilities5773663571,5801,650704(111)
Total current liabilities:9,92710,2998,6498,2719,4987,1097,967
Noncurrent Liabilities
Long-term debt and lease obligation29,62525,86121,88219,65817,62117,98816,622
Long-term debt, excluding current maturities28,98625,12721,64819,42017,37817,74116,181
Capital lease obligations✕✕234239242247441
Operating lease, liability638735✕✕✕✕✕
Liabilities, other than long-term debt20,05019,24418,96118,31518,55718,34618,100
Asset retirement obligations2,4692,2172,2881,9261,8311,8071,951
Deferred tax liabilities, net✕✕7,0876,81411,88411,73310,986
Deferred income tax liabilities8,2417,588✕✕✕✕✕
Liability for uncertainty in income taxes      69
Regulatory liability8,3798,4588,5408,4223,7513,7363,892
Other liabilities7287207838317758911,071
Derivative instruments and hedges, liabilities233262263322316179131
Other undisclosed noncurrent liabilities336466144159372336120
Total noncurrent liabilities:50,01145,57140,98638,13236,55036,67034,842
Total liabilities:59,93855,87149,63546,40446,04843,77842,809
Temporary equity, carrying amount 6669    
Stockholders' equity
Stockholders' equity attributable to parent20,55119,63219,02818,28717,39717,89216,820
Common stock3,3593,3433,3373,3293,3283,3243,313
Additional paid in capital6,5896,5366,4866,3996,3336,2976,204
Accumulated other comprehensive loss(85)(148)(120)(68)(156)(127)(103)
Retained earnings10,6889,9019,3258,6277,8928,3987,406
Stockholders' equity attributable to noncontrolling interest224281312723134
Total stockholders' equity:20,77519,91319,05918,31417,42017,90516,824
Other undisclosed liabilities and equity45433912   
TOTAL LIABILITIES AND EQUITY:80,75775,89268,80364,72963,46861,68359,633

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues14,91915,56116,19615,42516,38016,45317,020
Revenue, net✕✕✕9,3259,1939,19510,083
Cost of revenue
(Cost of Goods and Services Sold)		   (2,347)(2,821)(3,348)(6,358)
Gross profit:14,91915,56116,19613,07813,55913,10510,662
Operating expenses(11,931)(12,969)(13,513)(11,854)(15,173)(13,120)(13,788)
Other undisclosed operating income   2,3472,8213,3486,358
Operating income:2,9882,5922,6833,5711,2073,3343,232
Nonoperating income324315269122130140380
Investment income, nonoperating  1228168277
Public utilities, allowance for funds used during construction, capitalized cost of equity14816813394113132103
Net periodic defined benefits expense (reversal of expense), excluding service cost component119120125✕✕✕✕
Other nonoperating income5727     
Interest and debt expense(1,166)(1,073)(984)(895)(877)(874)(885)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  7191624(237)
Income from continuing operations before equity method investments, income taxes:2,1461,8351,9742,8164762,6232,490
Income from equity method investments91727382716590
Other undisclosed loss from continuing operations before income taxes(3)(3)(3)    
Income from continuing operations before income taxes:2,2341,9042,0442,8995472,6882,580
Income tax expense (benefit)(41)13(115)(970)74(920)(942)
Other undisclosed income from continuing operations  3    
Income from continuing operations:2,1941,9171,9311,9296211,7691,638
Income (loss) from discontinued operations    (3)284 
Income before gain (loss) on sale of properties:2,1941,9171,9311,9296182,0521,638
Other undisclosed net income33     
Net income:2,1971,9201,9311,9296182,0521,638
Net income (loss) attributable to noncontrolling interest31(8)(16)(7)(5)(4)
Net income available to common stockholders, diluted:2,2001,9211,9241,9136112,0471,634

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:2,1971,9201,9311,9296182,0521,638
Other comprehensive income (loss)63(27)(24)89(29)(30)12
Comprehensive income:2,2591,8931,9082,0175892,0221,650
Comprehensive income (loss), net of tax, attributable to noncontrolling interest31(8)(16)(7)(5)(4)
Comprehensive income, net of tax, attributable to parent:2,2631,8941,9002,0015822,0171,646

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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