American Electric Power Company, Inc. (AEP) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments624594450393376542563
Cash and cash equivalents403393247234215211176
Short-term investments220201203159162332387
Restricted cash and investments4846186210198  
Receivables2,0632,0281,7051,9271,8911,9171,641
Derivative instruments and hedges, assets1949517316312695134
Regulatory current assets6489193150293157115
Disposal group, including discontinued operation2,920    1,951 
Other undisclosed current assets1,3121,4991,4721,2711,3691,3731,619
Total current assets:7,8094,3524,0784,1144,2536,0344,072
Noncurrent Assets
Operating lease, right-of-use asset578866957
Intangible assets, net (including goodwill)53535353535353
Goodwill53535353535353
Derivative instruments and hedges267242267254282289322
Regulated entity, other noncurrent assets4,6954,1844,0174,2314,7997,1126,890
Other noncurrent assets4,3983,8523,4072,5772,5542,0852,107
Other undisclosed noncurrent assets3,8673,3072,9762,4752,5282,2562,106
Total noncurrent assets:13,85812,50411,6769,59010,21511,79511,478
Other undisclosed assets66,00163,90260,13855,09950,26245,63946,133
TOTAL ASSETS:87,66980,75775,89268,80364,72963,46861,683
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9143,4543,6873,3243,4152,9642,624
Accounts payable2,0551,7102,0861,8742,0651,6891,418
Taxes payable1,5861,4761,3581,2181,1161,048979
Interest and dividends payable273268244232235227227
Debt4,7684,5654,6713,6641,8132,9411,928
Derivative instruments and hedges, liabilities757911455625387
Regulatory liability2538759128114
Disposal group, including discontinued operation1,881    236 
Customer advances and deposits357343347
Other liabilities1,3691,1991,3741,1911,0331,3031,305
Other undisclosed current liabilities4185773663571,5801,650704
Total current liabilities:12,4279,92710,2998,6498,2719,4987,109
Noncurrent Liabilities
Long-term debt and lease obligation31,79429,62525,86121,88219,65817,62117,988
Long-term debt, excluding current maturities31,30128,98625,12721,64819,42017,37817,741
Capital lease obligations234239242247
Operating lease, liability493638735
Liabilities, other than long-term debt20,39720,05019,24418,96118,31518,55718,346
Asset retirement obligations2,6762,4692,2172,2881,9261,8311,807
Deferred tax liabilities, net7,0876,81411,88411,733
Deferred income tax liabilities8,2038,2417,588
Regulatory liability8,6868,3798,4588,5408,4223,7513,736
Other liabilities601728720783831775891
Derivative instruments and hedges, liabilities230233262263322316179
Other undisclosed noncurrent liabilities328336466144159372336
Total noncurrent liabilities:52,51950,01145,57140,98638,13236,55036,670
Total liabilities:64,94559,93855,87149,63546,40446,04843,778
Temporary equity, carrying amount  6669   
Stockholders' equity
Stockholders' equity attributable to parent22,43320,55119,63219,02818,28717,39717,892
Common stock3,4093,3593,3433,3373,3293,3283,324
Additional paid in capital7,1736,5896,5366,4866,3996,3336,297
Accumulated other comprehensive income (loss)185(85)(148)(120)(68)(156)(127)
Retained earnings11,66710,6889,9019,3258,6277,8928,398
Stockholders' equity attributable to noncontrolling interest24722428131272313
Total stockholders' equity:22,68020,77519,91319,05918,31417,42017,905
Other undisclosed liabilities and equity4345433912  
TOTAL LIABILITIES AND EQUITY:87,66980,75775,89268,80364,72963,46861,683

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues16,79214,91915,56116,19615,42516,38016,453
Revenue, net9,3259,1939,195
Cost of revenue
(Cost of Goods and Services Sold)
    (2,347)(2,821)(3,348)
Gross profit:16,79214,91915,56116,19613,07813,55913,105
Operating expenses(13,381)(11,931)(12,969)(13,513)(11,854)(15,173)(13,120)
Other undisclosed operating income    2,3472,8213,348
Operating income:3,4112,9882,5922,6833,5711,2073,334
Nonoperating income300324315269122130140
Investment income, nonoperating   1228168
Public utilities, allowance for funds used during construction, capitalized cost of equity14014816813394113132
Net periodic defined benefits expense (reversal of expense), excluding service cost component119119120125
Other nonoperating income415727    
Interest and debt expense(1,199)(1,166)(1,073)(984)(895)(877)(874)
Other undisclosed income from continuing operations before equity method investments, income taxes   7191624
Income from continuing operations before equity method investments, income taxes:2,5122,1461,8351,9742,8164762,623
Income from equity method investments92917273827165
Other undisclosed loss from continuing operations before income taxes(3)(3)(3)(3)   
Income from continuing operations before income taxes:2,6002,2341,9042,0442,8995472,688
Income tax expense (benefit)(116)(41)13(115)(970)74(920)
Other undisclosed income from continuing operations   3   
Income from continuing operations:2,4852,1941,9171,9311,9296211,769
Income (loss) from discontinued operations     (3)284
Income before gain (loss) on sale of properties:2,4852,1941,9171,9311,9296182,052
Other undisclosed net income333    
Net income:2,4882,1971,9201,9311,9296182,052
Net income (loss) attributable to noncontrolling interest 31(8)(16)(7)(5)
Net income available to common stockholders, diluted:2,4882,2001,9211,9241,9136112,047

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,4882,1971,9201,9311,9296182,052
Other comprehensive income (loss)27063(27)(24)89(29)(30)
Comprehensive income:2,7582,2591,8931,9082,0175892,022
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 31(8)(16)(7)(5)
Comprehensive income, net of tax, attributable to parent:2,7582,2631,8941,9002,0015822,017

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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