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 TTM | 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 | 547 | 393 | 376 | 542 | 563 | 549 | 471 | ||
| Cash and cash equivalents | 349 | 234 | 215 | 211 | 176 | 163 | 118 | ||
| Short-term investments | 198 | 159 | 162 | 332 | 387 | 386 | 353 | ||
| Restricted cash and investments | 141 | 210 | 198 | ||||||
| Receivables | 1,825 | 1,927 | 1,891 | 1,917 | 1,641 | 2,072 | 2,017 | ||
| Derivative instruments and hedges, assets | 187 | 163 | 126 | 95 | 134 | 178 | 160 | ||
| Regulatory current assets | 99 | 150 | 293 | 157 | 115 | 127 | 80 | ||
| Disposal group, including discontinued operation | 1,951 | ||||||||
| Other undisclosed current assets | 1,368 | 1,271 | 1,369 | 1,373 | 1,619 | 1,552 | 1,582 | ||
| Total current assets: | 4,166 | 4,114 | 4,253 | 6,034 | 4,072 | 4,478 | 4,310 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 990 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| 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 | 299 | 254 | 282 | 289 | 322 | 294 | 297 | ||
| Regulated entity, other noncurrent assets | 4,070 | 4,231 | 4,799 | 7,112 | 6,890 | 6,336 | 6,749 | ||
| Other noncurrent assets | 2,795 | 2,577 | 2,554 | 2,085 | 2,107 | 2,221 | 2,038 | ||
| Other undisclosed noncurrent assets | 2,835 | 2,475 | 2,528 | 2,256 | 2,106 | (42,669) | (39,634) | ||
| Total noncurrent assets: | 11,042 | 9,590 | 10,215 | 11,795 | 11,478 | 11,038 | 11,107 | ||
| Other undisclosed assets | 58,693 | 55,099 | 50,262 | 45,639 | 46,133 | 44,117 | 40,997 | ||
| TOTAL ASSETS: | 73,901 | 68,803 | 64,729 | 63,468 | 61,683 | 59,633 | 56,414 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,955 | 3,324 | 3,415 | 2,964 | 2,624 | 2,397 | 2,088 | ||
| Accounts payable | 1,767 | 1,874 | 2,065 | 1,689 | 1,418 | 1,287 | 1,266 | ||
| Taxes payable | 883 | 1,218 | 1,116 | 1,048 | 979 | 871 | 822 | ||
| Interest and dividends payable | 305 | 232 | 235 | 227 | 227 | 239 | |||
| Debt | 4,067 | 3,664 | 1,813 | 2,941 | 1,928 | 3,960 | 2,416 | ||
| Derivative instruments and hedges, liabilities | 75 | 55 | 62 | 53 | 87 | 92 | 90 | ||
| Regulatory liability | 101 | 59 | 12 | 8 | 114 | 55 | 119 | ||
| Disposal group, including discontinued operation | 236 | ||||||||
| Customer advances and deposits | ✕ | ✕ | 357 | 343 | 347 | 324 | ✕ | ||
| Other liabilities | 1,032 | 1,191 | 1,033 | 1,303 | 1,305 | 1,250 | 965 | ||
| Other undisclosed current liabilities | 381 | 357 | 1,580 | 1,650 | 704 | (111) | 434 | ||
| Total current liabilities: | 8,611 | 8,649 | 8,271 | 9,498 | 7,109 | 7,967 | 6,112 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 25,355 | 21,882 | 19,658 | 17,621 | 17,988 | 16,622 | 17,256 | ||
| Long-term debt, excluding current maturities | 24,554 | 21,648 | 19,420 | 17,378 | 17,741 | 16,181 | 16,828 | ||
| Capital lease obligations | ✕ | 234 | 239 | 242 | 247 | 441 | 428 | ||
| Operating lease, liability | 801 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 11,995 | 18,961 | 18,315 | 18,557 | 18,346 | 18,100 | 16,973 | ||
| Asset retirement obligations | 2,354 | 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 | ||
| Liability for uncertainty in income taxes | 69 | ||||||||
| Regulatory liability | 8,553 | 8,540 | 8,422 | 3,751 | 3,736 | 3,892 | 3,694 | ||
| Other liabilities | 790 | 783 | 831 | 775 | 891 | 1,071 | 967 | ||
| Derivative instruments and hedges, liabilities | 299 | 263 | 322 | 316 | 179 | 131 | 177 | ||
| Other undisclosed noncurrent liabilities | 7,804 | 144 | 159 | 372 | 336 | 120 | (13) | ||
| Total noncurrent liabilities: | 45,154 | 40,986 | 38,132 | 36,550 | 36,670 | 34,842 | 34,216 | ||
| Total liabilities: | 53,765 | 49,635 | 46,404 | 46,048 | 43,778 | 42,809 | 40,328 | ||
| Temporary equity, carrying amount | 67 | 69 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 19,716 | 19,028 | 18,287 | 17,397 | 17,892 | 16,820 | 16,085 | ||
| Common stock | 3,342 | 3,337 | 3,329 | 3,328 | 3,324 | 3,313 | 3,303 | ||
| Additional paid in capital | 6,467 | 6,486 | 6,399 | 6,333 | 6,297 | 6,204 | 6,131 | ||
| Accumulated other comprehensive loss | (188) | (120) | (68) | (156) | (127) | (103) | (115) | ||
| Retained earnings | 10,095 | 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: | 19,998 | 19,059 | 18,314 | 17,420 | 17,905 | 16,824 | 16,086 | ||
| Other undisclosed liabilities and equity | 71 | 39 | 12 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 73,901 | 68,803 | 64,729 | 63,468 | 61,683 | 59,633 | 56,414 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15,747 | 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: | 15,747 | 16,196 | 13,078 | 13,559 | 13,105 | 10,662 | 9,798 | |
| Operating expenses | (12,898) | (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: | 2,849 | 2,683 | 3,571 | 1,207 | 3,334 | 3,232 | 2,855 | |
| Nonoperating income | 300 | 269 | 122 | 130 | 140 | 380 | 188 | |
| Investment income, nonoperating | 0 | 12 | 28 | 16 | 8 | 277 | 115 | |
| Public utilities, allowance for funds used during construction, capitalized cost of equity | 162 | 133 | 94 | 113 | 132 | 103 | 73 | |
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 119 | 125 | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Interest and debt expense | (1,033) | (984) | (895) | (877) | (874) | (885) | (906) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (1) | 7 | 19 | 16 | 24 | (237) | (27) | |
| Income from continuing operations before equity method investments, income taxes: | 2,116 | 1,974 | 2,816 | 476 | 2,623 | 2,490 | 2,110 | |
| Income from equity method investments | 69 | 73 | 82 | 71 | 65 | 90 | 58 | |
| Other undisclosed loss from continuing operations before income taxes | (3) | (3) | ||||||
| Income from continuing operations before income taxes: | 2,182 | 2,044 | 2,899 | 547 | 2,688 | 2,580 | 2,168 | |
| Income tax expense (benefit) | (53) | (115) | (970) | 74 | (920) | (942) | (684) | |
| Other undisclosed income from continuing operations | 3 | 3 | ||||||
| Income from continuing operations: | 2,132 | 1,931 | 1,929 | 621 | 1,769 | 1,638 | 1,484 | |
| Income (loss) from discontinued operations | (3) | 284 | ||||||
| Net income: | 2,132 | 1,931 | 1,929 | 618 | 2,052 | 1,638 | 1,484 | |
| Net loss attributable to noncontrolling interest | (1) | (8) | (16) | (7) | (5) | (4) | (4) | |
| Net income available to common stockholders, diluted: | 2,131 | 1,924 | 1,913 | 611 | 2,047 | 1,634 | 1,480 | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 2,132 | 1,931 | 1,929 | 618 | 2,052 | 1,638 | 1,484 | |
| Other comprehensive income (loss) | (102) | (24) | 89 | (29) | (30) | 12 | 217 | |
| Comprehensive income: | 2,030 | 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: | 2,029 | 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.