American Electric Power Company Inc Stock Research

Market Summary

USD71.84-3.38

Market Closed

-4.49%

AEP Stock Price

AEP RSI Chart

AEP Valuation

Market Cap

37.0B

Price/Earnings (Trailing)

18.65

Price/Sales (Trailing)

1.9

EV/EBITDA

10.57

Price/Free Cashflow

8.85

AEP Price/Sales (Trailing)

AEP Profitability

EBT Margin

10.42%

Return on Equity

8.37%

Return on Assets

2.1%

Free Cashflow Yield

11.3%

AEP Fundamentals

AEP Revenue

Revenue (TTM)

19.5B

Revenue Y/Y

-5.76%

Revenue Q/Q

-6.79%

AEP Earnings

Earnings (TTM)

2.0B

Earnings Y/Y

-0.9%

Earnings Q/Q

28.9%

Price Action

52 Week Range

71.0499.40

(Low)(High)

Last 7 days

-5.0%

Last 30 days

-5.3%

Last 90 days

-10.7%

Trailing 12 Months

-14.0%

AEP Financial Health

Current Ratio

0.62

AEP Investor Care

Dividend Yield

4.55%

Dividend/Share (TTM)

3.27

Shares Dilution (1Y)

0.25%

Diluted EPS (TTM)

3.85

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Get all data in R, Python etc through our Historical Stock Data APIs

Latest Insider Trading transactions for AEP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-02	Beam Christian T	sold	-47,580	92.75	-513	executive vice president
2023-05-02	Feinberg David Matthew	sold	-149,884	92.75	-1,616	executive vice president
2023-05-02	Akins Nicholas K	sold	-973,040	92.75	-10,491	executive chair
2023-05-01	BUONAIUTO JOSPEH M	sold (taxes)	-18,344	92.65	-198	controller, chief actg officer
2023-05-01	Akins Nicholas K	sold (taxes)	-791,509	92.65	-8,543	executive chair
2023-05-01	Ulrich Phillip R.	sold (taxes)	10,562	92.65	114	senior vice president
2023-05-01	Beam Christian T	sold (taxes)	-22,513	92.65	-243	executive vice president
2023-05-01	Smyth Antonio P	sold (taxes)	-99,135	86.6569	-1,144	executive vice president
2023-05-01	Hall Greg B	sold (taxes)	-29,462	92.65	-318	executive vice president
2023-05-01	Zebula Charles E	sold (taxes)	-106,548	92.65	-1,150	executive vice president

Which funds bought or sold AEP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-26	BROOKFIELD Corp /ON/	reduced	-86.36	-141,077,000	20,386,400	0.08%
2023-09-21	Baystate Wealth Management LLC	reduced	-99.26	-36,695	257	-%
2023-09-20	BARCLAYS PLC	added	104	60,287,000	128,055,000	0.08%
2023-09-19	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	reduced	-7.61	-72,845	429,420	0.18%
2023-09-12	Farther Finance Advisors, LLC	added	50.88	16,297	57,424	0.01%
2023-09-12	DAVIDSON KEMPNER CAPITAL MANAGEMENT LP	new	-	4,839,780	4,839,780	0.12%
2023-09-08	TUCKER ASSET MANAGEMENT LLC	sold off	-100	-4,459	-	-%
2023-09-07	Strategic Financial Concepts, LLC	unchanged	-	-31,222	387,473	0.14%
2023-09-07	ST GERMAIN D J CO INC	new	-	484,150	484,150	0.03%
2023-09-01	Portside Wealth Group, LLC	new	-	551,089	551,089	0.10%

Latest Funds Activity

Are funds buying AEP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AEP

No. of Funds

Schedule 13G FIlings of American Electric Power Company

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	9.38%	48,176,777	SC 13G/A
Feb 06, 2023	state street corp	5.46%	28,082,231	SC 13G/A
Feb 03, 2023	blackrock inc.	8.4%	43,459,730	SC 13G/A
Mar 11, 2022	blackrock inc.	8.4%	42,180,106	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	1.6%	8,166,114	SC 13G/A
Feb 10, 2022	state street corp	5.07%	25,549,235	SC 13G/A
Feb 09, 2022	vanguard group inc	8.55%	43,072,334	SC 13G/A
Feb 08, 2022	blackrock inc.	8.4%	42,180,106	SC 13G
Feb 16, 2021	price t rowe associates inc /md/	6.1%	30,497,305	SC 13G
Feb 12, 2021	state street corp	4.89%	24,295,338	SC 13G/A

Recent SEC filings of American Electric Power Company

View All Filings

Date Filed	Form Type	Document
Oct 02, 2023	8-K	Current Report
Sep 19, 2023	8-K	Current Report
Aug 22, 2023	3	Insider Trading
Aug 21, 2023	8-K	Current Report
Aug 14, 2023	25-NSE	25-NSE
Jul 27, 2023	10-Q	Quarterly Report
Jul 27, 2023	8-K	Current Report
Jul 05, 2023	4	Insider Trading
Jul 05, 2023	4	Insider Trading
Jul 05, 2023	4	Insider Trading

AEP Fair Value

Peers (Alternatives to American Electric Power Company)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NEE	105.6B	26.9B	-14.61%	-28.00%	13.03	3.92	54.09%	213.91%
AEP	37.0B	19.5B	-5.31%	-13.97%	18.65	1.9	8.67%	-22.96%
ES	19.5B	12.7B	-9.73%	-26.93%	16.43	1.54	15.62%	-11.18%
ETR	18.8B	13.3B	-4.36%	-8.96%	13.78	1.41	7.85%	11.40%
AGR	11.0B	8.0B	-13.00%	-27.15%	18.84	1.36	7.92%	-35.62%
MID-CAP
NRG	8.7B	30.4B	2.86%	-0.91%	-4.21	0.28	5.56%	-159.74%
PNW	8.1B	4.5B	-5.60%	12.69%	19.11	1.78	15.02%	-25.26%
OGE	6.4B	3.1B	-3.03%	-9.89%	14.55	2.03	10.79%	-52.42%
IDA	4.5B	1.8B	-2.92%	-6.28%	16.63	2.54	20.17%	13.21%
SJW	1.9B	641.5M	-9.16%	2.85%	20.98	2.89	10.61%	68.66%
HE	1.3B	3.9B	-9.68%	-63.40%	5.69	0.34	21.12%	-4.51%
SMALL-CAP
UTL	680.8M	595.3M	-12.50%	-8.99%	15.72	1.14	12.45%	5.87%
GNE	374.8M	361.4M	-6.89%	57.95%	5.77	1.04	16.69%	-15.66%
MSEX	1.1M	167.5M	-12.92%	-15.47%	0.03	0.01	11.84%	-6.17%

American Electric Power Company News

Returns for AEP

Cumulative Returns on AEP

9.2%

10-Year Cumulative Returns

5.6%

7-Year Cumulative Returns

4.3%

5-Year Cumulative Returns

0.4%

3-Year Cumulative Returns

Risks for AEP

What is the probability of a big loss on AEP?

38.5%

Probability that American Electric Power Company stock will be more than 20% underwater in next one year

18.1%

Probability that American Electric Power Company stock will be more than 30% underwater in next one year.

Probability that American Electric Power Company stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AEP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if American Electric Power Company was unfortunately bought at previous high price.

Drawdowns

Financials for American Electric Power Company

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	-1.4%	19,471	19,738	19,640	18,820	17,917	17,104	16,792	16,341	15,785	15,452	14,919	14,924	15,173	15,252	15,561	15,747	15,765	16,204	16,196	16,205	15,977
Operating Expenses	-0.8%	16,401	16,538	16,157	15,214	14,133	13,514	13,381	13,043	12,651	12,406	11,931	12,212	12,445	12,697	12,969	12,898	13,206	13,439	13,513	13,343	12,808
EBITDA	-100.0%	-	3,554	3,817	3,910	4,046	3,885	3,711	3,633	3,503	5,035	4,948	4,649	4,660	4,496	4,543	4,784	4,488	-	-	-	-
EBITDA Margin	-100.0%	-	0.18*	0.19*	0.21*	0.23*	0.23*	0.22*	0.22*	0.22*	0.33*	0.33*	0.31*	0.31*	0.29*	0.29*	0.30*	0.28*	-	-	-	-
Interest Expenses	8.8%	1,631	1,498	1,396	1,305	1,248	1,222	1,199	1,184	1,171	1,164	1,166	1,168	1,152	1,109	1,073	1,033	1,015	1,006	984	960	927
Earnings Before Taxes	-10.4%	1,841	2,056	2,420	2,605	2,798	2,662	2,512	2,449	2,331	2,235	2,146	1,845	1,872	1,751	1,835	2,116	1,837	2,033	1,974	2,159	2,479
EBT Margin	-100.0%	-	0.10*	0.12*	0.14*	0.16*	0.16*	0.15*	0.15*	0.15*	0.14*	0.14*	0.12*	0.12*	0.11*	0.12*	0.13*	0.12*	-	-	-	-
Net Income	-0.2%	1,983	1,988	2,306	2,461	2,574	2,627	2,488	2,384	2,336	2,276	2,197	1,915	1,900	1,845	1,920	2,132	1,978	2,049	1,931	1,968	1,945
Net Income Margin	-100.0%	-	0.10*	0.12*	0.13*	0.14*	0.15*	0.15*	0.15*	0.15*	0.15*	0.15*	0.13*	0.13*	0.12*	0.12*	0.14*	0.13*	-	-	-	-
Free Cashflow	-100.0%	-	4,384	5,288	5,600	5,787	5,579	3,840	3,884	3,131	2,997	3,833	3,845	3,878	3,628	3,352	3,960	5,017	-	-	-	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	1.6%	96,002	94,518	93,403	91,249	90,861	89,831	87,669	86,337	84,358	82,985	80,757	78,689	77,805	77,724	75,892	73,901	72,550	70,722	68,803	67,617	66,870
Current Assets	3.1%	8,041	7,798	6,776	9,320	9,371	8,268	4,984	5,785	4,606	4,258	4,352	4,338	4,273	5,292	4,078	4,166	4,061	3,915	4,114	4,692	4,570
Cash Equivalents	-11.2%	305	344	509	522	621	726	451	1,427	360	324	438	464	505	1,671	433	490	390	363	444	938	387
Net PPE	1.8%	74,681	73,347	73,339	69,813	68,708	67,878	68,304	66,691	65,665	64,696	63,902	62,786	61,927	61,049	60,138	58,693	57,203	55,969	55,099	53,356	52,442
Goodwill	0%	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00
Liabilities	1.9%	71,814	70,494	69,235	66,664	66,501	65,738	64,945	63,737	62,663	61,710	59,938	57,982	57,394	57,598	55,871	53,765	53,001	51,379	49,635	48,470	48,025
Current Liabilities	5.1%	13,267	12,622	13,266	11,836	12,448	13,569	10,906	9,954	10,429	10,220	9,927	9,047	10,122	11,655	10,299	8,611	8,357	7,991	8,649	8,426	9,058
Short Term Borrowings	6.8%	3,868	3,622	4,112	2,702	2,130	3,380	2,614	2,504	3,128	3,048	2,479	2,397	3,077	4,464	2,838	2,510	2,277	1,858	1,910	2,243	2,589
LT Debt, Current	16.4%	3,380	2,905	2,486	1,404	2,477	3,008	2,354	2,522	2,459	2,130	2,086	1,912	2,138	2,110	1,599	1,328	1,257	1,529	1,699	1,904	2,281
LT Debt, Non Current	1.4%	36,762	36,239	34,315	33,647	32,983	30,856	32,204	32,057	30,659	30,215	28,986	28,156	26,638	25,783	25,127	24,554	24,174	22,898	21,648	20,870	19,751
Shareholder's Equity	-0.3%	23,901	23,968	23,893	24,278	24,297	24,038	22,680	22,527	21,630	21,220	20,775	20,635	20,278	20,008	19,913	19,998	19,423	19,229	19,059	19,047	18,751
Retained Earnings	0.7%	12,406	12,314	12,346	12,390	12,109	11,985	11,667	11,523	11,099	10,893	10,688	10,621	10,222	10,039	9,901	10,095	9,694	9,566	9,325	9,294	9,023
Additional Paid-In Capital	0.5%	8,111	8,074	8,051	8,001	7,984	7,965	7,173	7,076	6,800	6,735	6,589	6,522	6,603	6,556	6,536	6,467	6,455	6,443	6,486	6,473	6,459
Accumulated Depreciation	1.6%	23,734	23,361	23,682	22,292	21,763	21,297	21,921	21,877	21,392	20,917	20,411	20,117	19,777	19,368	19,008	18,760	18,439	18,183	17,986	17,842	17,571
Shares Outstanding	0.1%	515	514	-	514	514	506	-	501	500	497	-	496	496	495	-	494	494	493	-	493	493
Minority Interest	-3.2%	222	230	229	234	241	247	247	249	251	247	224	269	271	279	281	281	164	32.00	31.00	30.00	29.00

Cashflow (Last 12 Months)
(In Millions)

Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	-4.7%	4,179	4,384	5,288	5,600	5,787	5,579	3,840	3,884	3,131	3,100	3,833	3,842	4,216	4,078	4,270	4,641	5,017	5,229	5,223	5,079	4,560
Cashflow From Investing	-10.1%	-7,818	-7,103	-7,751	-7,350	-7,403	-7,692	-6,433	-6,432	-6,216	-6,102	-6,233	-6,494	-6,797	-7,327	-7,144	-7,022	-6,709	-6,008	-6,353	-6,622	-6,498
Cashflow From Financing	41.1%	3,369	2,388	2,569	901	1,878	2,515	2,607	3,512	2,941	1,655	2,407	2,626	2,697	4,558	2,863	1,934	1,695	826	1,162	1,990	1,981
Dividend Payments	1.6%	1,705	1,678	1,645	1,609	1,577	1,546	1,520	1,492	1,467	1,433	1,425	1,404	1,387	1,380	1,350	1,335	1,309	1,283	1,256	1,239	1,221

AEP Income Statement

2023-06-30

Consolidated Statements of Income - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2023

Jun. 30, 2022

Revenues

Revenue from Contracts with Customers

$ 4,372.5

$ 4,639.7

$ 9,063.4

$ 9,232.3

TOTAL REVENUES

4,372.5

4,639.7

9,063.4

9,232.3

Expenses

Other Operation

631.2

619.8

1,311.2

1,282.0

Maintenance

340.0

326.5

657.3

611.5

Loss On Expected Sale Of KPCo

0.0

68.8

0.0

68.8

Gain on Sale of Mineral Rights

0.0

(116.3)

0.0

(116.3)

Depreciation and Amortization

741.6

802.6

1,517.1

1,595.0

Taxes Other Than Income Taxes

360.4

369.5

755.3

733.7

TOTAL EXPENSES

3,497.8

3,635.3

7,483.9

7,239.8

OPERATING INCOME (LOSS)

874.7

1,004.4

1,579.5

1,992.5

Other Income (Expense):

Other Income

14.4

(12.7)

29.1

(10.4)

Allowance for Equity Funds Used During Construction

41.0

28.6

72.3

59.6

Non-Service Cost Components of Net Periodic Benefit Cost

55.2

47.1

110.7

94.3

Interest Expense

(460.0)

(327.6)

(875.7)

(641.0)

INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS

525.3

739.8

915.9

1,495.0

Income Tax Expense (Benefit)

28.6

54.0

39.0

106.8

Equity Earnings (Loss) of Unconsolidated Subsidiaries

19.4

(165.0)

39.6

(149.3)

Net Income (Loss)

516.1

520.8

916.5

1,238.9

Net Income (Loss) Attributable to Noncontrolling Interests

(5.1)

(3.7)

(1.7)

(0.3)

Earnings Attributable to Common Shareholders

$ 521.2

$ 524.5

$ 918.2

$ 1,239.2

Earnings Per Share

Weighted Average Number of Basic AEP Common Shares Outstanding

514,879,144

513,623,431

514,529,837

509,857,710

Total Basic Earnings Per Share Attributable to AEP Common Shareholders

$ 1.01

$ 1.02

$ 1.78

$ 2.43

Weighted Average Number of Diluted AEP Common Shares Outstanding

516,242,919

515,162,210

515,922,446

511,391,735

Total Diluted Earnings Per Share Attributable to AEP Common Shareholders

$ 1.01

$ 1.02

$ 1.78

$ 2.42

Common Stock, Dividends Per Share, Declared

$ 0.83

$ 0.78

Acquisition Of Nuclear Fuel Included In Current Liabilities

$ (36.0)

$ 0.0

Cash Flow Hedges, Tax

$ 9.3

$ 35.2

(31.2)

101.1

Amortization of Pension and OPEB Deferred Costs, Tax

(0.8)

(3.1)

(5.1)

(3.7)

Related Party

Revenues

Revenue from Contracts with Customers

0.0

Vertically Integrated Utilities [Member]

Revenues

Revenue from Contracts with Customers

2,629.0

2,595.0

5,445.3

5,241.8

Transmission and Distribution Utilities [Member]

Revenues

Revenue from Contracts with Customers

1,330.8

1,296.8

2,786.1

2,539.0

Generation and Marketing [Member]

Revenues

Revenue from Contracts with Customers

318.2

654.4

645.1

1,263.9

Other Revenues [Member]

Revenues

Revenue from Contracts with Customers

94.5

93.5

186.9

187.6

TOTAL REVENUES

(128.8)

^[1]

135.7

^[2],[3]

(258.7)

^[4],[5]

301.1

^[6],[7]

Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]

Expenses

Cost of Goods and Services Sold

1,424.6

1,564.4

3,131.0

3,065.1

AEP Texas Inc. [Member]

Revenues

TOTAL REVENUES

461.2

478.8

890.7

895.5

Expenses

Other Operation

93.9

142.0

240.8

267.8

Maintenance

26.3

24.8

50.7

47.4

Depreciation and Amortization

114.9

116.2

225.9

225.0

Taxes Other Than Income Taxes

44.8

43.0

88.3

80.3

TOTAL EXPENSES

279.9

326.0

605.7

620.5

OPERATING INCOME (LOSS)

181.3

152.8

285.0

275.0

Other Income (Expense):

Interest Income

0.6

1.3

1.0

1.4

Allowance for Equity Funds Used During Construction

5.3

3.7

11.6

8.0

Non-Service Cost Components of Net Periodic Benefit Cost

4.8

4.1

9.6

8.3

Interest Expense

(56.3)

(52.3)

(113.2)

(97.8)

INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS

135.7

109.6

194.0

194.9

Income Tax Expense (Benefit)

26.6

19.6

37.3

35.3

Net Income (Loss)

109.1

90.0

156.7

159.6

Earnings Per Share

Cash Flow Hedges, Tax

0.8

0.0

0.8

0.1

Amortization of Pension and OPEB Deferred Costs, Tax

0.0

(0.1)

0.0

AEP Texas Inc. [Member] | Related Party

Revenues

Revenue from Contracts with Customers

1.3

0.8

2.5

1.7

AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]

Revenues

Revenue from Contracts with Customers

459.4

476.9

887.1

891.6

AEP Texas Inc. [Member] | Other Revenues [Member]

Revenues

Revenue from Contracts with Customers

0.5

1.1

2.2

TOTAL REVENUES

0.0

^[8]

0.0

^[9]

0.0

^[10]

0.0

^[11]

AEP Transmission Co [Member]

Revenues

Provision for Refund Affiliated

(8.3)

(46.8)

(13.1)

(56.4)

Provision for Refund-Nonaffiliated

(2.8)

(8.3)

(3.8)

(10.3)

TOTAL REVENUES

444.9

364.4

886.5

764.8

Expenses

Other Operation

26.4

29.6

55.4

55.1

Maintenance

4.3

3.8

9.2

7.1

Depreciation and Amortization

96.4

85.7

191.6

168.8

Taxes Other Than Income Taxes

68.0

68.7

142.8

134.3

TOTAL EXPENSES

195.1

187.8

399.0

365.3

OPERATING INCOME (LOSS)

249.8

176.6

487.5

399.5

Other Income (Expense):

Interest Income

2.6

0.2

4.1

0.3

Allowance for Equity Funds Used During Construction

23.1

15.3

39.5

30.9

Interest Expense

(50.7)

(39.3)

(95.9)

(77.0)

INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS

224.8

152.8

435.2

353.7

Income Tax Expense (Benefit)

49.1

34.3

96.8

79.8

Net Income (Loss)

175.7

118.5

338.4

273.9

Earnings Per Share

Revenues from Related Parties, Net of Provisions for Refund

357.5

287.1

710.1

602.5

AEP Transmission Co [Member] | Related Party

Revenues

Revenue from Contracts with Customers

365.8

333.9

723.2

658.9

AEP Transmission Co [Member] | AEPTCo Parent [Member]

Revenues

Revenue from Contracts with Customers

0.0

TOTAL REVENUES

0.0

Other Income (Expense):

Net Income (Loss)

^[12]

1.5

0.1

2.6

0.1

AEP Transmission Co [Member] | AEPTCo Parent [Member] | Related Party

Revenues

Revenue from Contracts with Customers

0.0

AEP Transmission Co [Member] | State Transcos [Member]

Revenues

TOTAL REVENUES

444.9

364.4

886.5

764.8

Other Income (Expense):

Net Income (Loss)

174.2

118.4

335.8

273.8

AEP Transmission Co [Member] | State Transcos [Member] | Related Party

Revenues

Revenue from Contracts with Customers

357.5

287.1

710.1

602.5

AEP Transmission Co [Member] | Transmission [Member]

Revenues

Revenue from Contracts with Customers

90.2

85.6

180.2

172.6

Earnings Per Share

Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax

87.4

77.3

176.4

162.3

AEP Transmission Co [Member] | Transmission [Member] | State Transcos [Member]

Revenues

Revenue from Contracts with Customers

87.4

77.3

176.4

162.3

AEP Transmission Co [Member] | Other Revenues [Member]

Revenues

TOTAL REVENUES

0.0

^[8]

0.0

^[9]

0.0

^[10]

0.0

^[11]

Appalachia

AEP Balance Sheet

2023-06-30

Condensed Consolidated Balance Sheets - USD ($) $ in Millions		Jun. 30, 2023		Dec. 31, 2022
Current Assets
Cash and Cash Equivalents		$ 304.9		$ 509.4
Restricted Cash		45.8		47.1
Other Temporary Investments		202.5		187.6
Accounts Receivable:
Accounts Receivable and Accrued Unbilled Revenues		990.8		1,145.1
Accrued Unbilled Revenues		179.2		322.9
Pledged Accounts Receivable - AEP Credit		1,226.6		1,207.4
Miscellaneous		47.9		49.7
Allowance for Uncollectible Accounts		(58.6)		(57.1)
Total Accounts Receivable		2,385.9		2,668.0
Fuel		705.9		435.1
Materials and Supplies		975.9		915.1
Risk Management Assets		279.5		348.8
Accrued Tax Benefits		191.8		99.4
Assets Held for Sale		1,382.8		0.0
Regulatory Asset for Under-Recovered Fuel Costs		1,256.4		1,310.0
Prepayments and Other Current Assets		309.9		255.0
TOTAL CURRENT ASSETS		8,041.3		6,775.5
Property, Plant and Equipment
Generation		24,113.5		25,834.2
Transmission		34,145.5		33,266.9
Distribution		28,033.8		27,138.8
Other Property, Plant and Equipment		6,187.6		5,971.8
Construction Work in Progress		5,935.4		4,809.7
Total Property, Plant and Equipment		98,415.8		97,021.4
Accumulated Depreciation and Amortization		23,734.4		23,682.3
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET		74,681.4		73,339.1
Other Noncurrent Assets
Regulatory Assets		4,672.8		4,762.0
Securitized Assets		394.3		446.0
Spent Nuclear Fuel and Decommissioning Trusts		3,648.8		3,341.2
Goodwill		52.5		52.5
Long-term Risk Management Assets		266.8		284.1
Operating Lease Assets		634.1		645.5
Deferred Charges and Other Noncurrent Assets		3,610.1		3,757.4
TOTAL OTHER NONCURRENT ASSETS		13,279.4		13,288.7
TOTAL ASSETS		96,002.1	^[1]	93,403.3
Current Liabilities
Accounts Payable		2,433.9		2,670.8
Short-term Debt:
Securitized Debt for Receivables - AEP Credit	^[2]	750.0		750.0
Other Short-term Debt		3,117.6		3,362.2
Total Short-term Debt		3,867.6		4,112.2
Long-term Debt Due Within One Year		3,380.3		2,486.4
Risk Management Liabilities		176.2		145.2
Customer Deposits		382.2		408.8
Accrued Taxes		1,366.5		1,714.6
Accrued Interest		402.9		336.5
Obligations Under Operating Leases		116.6		113.6
Liabilities Held for Sale		64.8		0.0
Other Liabilities, Current		1,076.1		1,278.2
TOTAL CURRENT LIABILITIES		13,267.1		13,266.3
Noncurrent Liabilities
Long-term Debt		36,762.0		34,314.6
Deferred Income Tax Liabilities, Net		9,157.7		8,896.9
Long-term Risk Management Liabilities		275.3		345.2
Regulatory Liabilities and Deferred Investment Tax Credits		8,121.1		8,115.6
Asset Retirement Obligations		2,879.9		2,879.3
Employee Benefits and Pension Obligations		248.9		257.3
Obligations Under Operating Leases		533.6		552.5
Deferred Credits and Other Noncurrent Liabilities		568.2		607.3
TOTAL NONCURRENT LIABILITIES		58,546.7		55,968.7
TOTAL LIABILITIES		71,813.8		69,235.0
Rate Matters
Commitments and Contingencies
Contingently Reedemable Performance Share Awards		64.7		45.9
Total Mezzanine Equity		64.7		45.9
Equity
Common Stock		3,421.5		3,413.1
Paid-in Capital		8,110.8		8,051.0
Retained Earnings		12,405.5		12,345.6
Accumulated Other Comprehensive Income (Loss)		(36.4)		83.7
TOTAL COMMON SHAREHOLDER'S EQUITY		23,901.4		23,893.4
Noncontrolling Interests		222.2		229.0
TOTAL EQUITY		24,123.6		24,122.4
TOTAL LIABILITIES AND EQUITY		$ 96,002.1		$ 93,403.3
Common Stock, No Par Value		$ 6.50		$ 6.50
Common Stock, Shares Authorized		600,000,000		600,000,000
Common Stock, Shares, Issued		526,387,081		525,099,321
Treasury Stock, Shares		11,233,240		11,233,240
Commodity [Member]
Equity
Cross Default Provisions Maximum Third Party Obligation Amount		$ 50.0
Subsidiaries [Member]
Current Assets
Restricted Cash		45.8		$ 47.1
Other Temporary Investments		190.9		182.9
Short-term Debt:
Long-term Debt Due Within One Year		196.2		218.2
Noncurrent Liabilities
Long-term Debt		591.3		755.3
AEP Texas Inc. [Member]
Current Assets
Cash and Cash Equivalents		0.1		0.1
Restricted Cash		30.7		32.7
Accounts Receivable:
Accounts Receivable and Accrued Unbilled Revenues		173.2		150.9
Accrued Unbilled Revenues		91.6		91.4
Miscellaneous		0.5		0.2
Allowance for Uncollectible Accounts		(4.9)		(4.2)
Total Accounts Receivable		283.3		250.2
Materials and Supplies		157.3		138.8
Prepayments and Other Current Assets		8.9		18.2
TOTAL CURRENT ASSETS		487.2		446.9
Property, Plant and Equipment
Transmission		6,487.9		6,301.5
Distribution		5,572.7		5,312.8
Other Property, Plant and Equipment		1,098.3		1,022.8
Construction Work in Progress		984.9		805.2
Total Property, Plant and Equipment		14,143.8		13,442.3
Accumulated Depreciation and Amortization		1,829.1		1,760.7
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET		12,314.7		11,681.6
Other Noncurrent Assets
Regulatory Assets		326.5		298.3
Securitized Assets		247.8		286.4
Deferred Charges and Other Noncurrent Assets		238.2		179.0
TOTAL OTHER NONCURRENT ASSETS		812.5		763.7
TOTAL ASSETS		13,614.4		12,892.2
Current Liabilities
Accounts Payable		247.2		331.0
Short-term Debt:
Long-term Debt Due Within One Year		154.7		278.5
Accrued Taxes		138.7		95.5
Accrued Interest		50.5		48.3
Obligations Under Operating Leases		29.8		28.6
Other Liabilities, Current		132.6		130.7
TOTAL CURRENT LIABILITIES		923.7		1,043.8
Noncurrent Liabilities
Long-term Debt		5,782.8		5,379.3
Deferred Income Tax Liabilities, Net		1,180.3		1,144.2
Regulatory Liabilities and Deferred Investment Tax Credits		1,250.6		1,259.6
Obligations Under Operating Leases		59.2		67.8
Deferred Credits and Other Noncurrent Liabilities		83.2		93.2
TOTAL NONCURRENT LIABILITIES		8,356.1		7,944.1
TOTAL LIABILITIES		9,279.8		8,987.9
Rate Matters
Commitments and Contingencies
Equity
Paid-in Capital		1,829.2		1,558.2
Retained Earnings		2,511.4		2,354.7
Accumulated Other Comprehensive Income (Loss)		(6.0)		(8.6)
TOTAL EQUITY		4,334.6		3,904.3
TOTAL LIABILITIES AND EQUITY		13,614.4		12,892.2
AEP Texas Inc. [Member] \| Related Party
Current Assets
Advances to Affiliates		6.9		6.9
Accounts Receivable:
Affiliated Companies - Contracts with Customers		22.9		11.9
Current Liabilities
Advances From Affiliates		135.9		96.5
Accounts Payable		34.3		34.7
AEP Texas Inc. [Member] \| AEP Texas Transition Funding and Restoration Funding [Member]
Current Assets
Restricted Cash		30.7		32.7
Other Noncurrent Assets
Securitized Assets		247.8		286.4
Short-term Debt:
Long-term Debt Due Within One Year		94.7		93.5
Accrued Interest		2.1		2.2
Noncurrent Liabilities
Long-term Debt		177.0		221.0
AEP Transmission Co [Member]
Current Assets
Cash and Cash Equivalents		0.0		0.0
Accounts Receivable:
Accounts Receivable and Accrued Unbilled Revenues		91.1		46.9
Total Accounts Receivable		270.5		166.4
Materials and Supplies		15.5		10.7
Prepayments and Other Current Assets		1.8		7.2
TOTAL CURRENT ASSETS		367.2		188.7
Property, Plant and Equipment
Transmission		12,780.0		12,335.4
Other Property, Plant and Equipment		489.6		476.8
Construction Work in Progress		1,918.9		1,554.7
Total Property, Plant and Equipment		15,188.5		14,366.9
Accumulated Depreciation and Amortization		1,150.8		1,027.0
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET		14,037.7		13,339.9
Other Noncurrent Assets
Regulatory Assets		5.8		7.2
Deferred Property Taxes		155.9		266.6
Deferred Charges and Other Noncurrent Assets		9.9		11.8
TOTAL OTHER NONCURRENT ASSETS		171.6		285.6
TOTAL ASSETS		14,576.5		13,814.2
Current Liabilities
Accounts Payable		387.4		427.8
Short-term Debt:
Long-term Debt Due Within One Year		60.0		60.0
Accrued Taxes		392.4		529.8
Accrued Interest		40.1		28.8
Obligations Under Operating Leases		1.4		1.3
Other Liabilities, Current		12.3		8.3
TOTAL CURRENT LIABILITIES		1,072.9		1,368.0
Noncurrent Liabilities
Long-term Debt		5,413.0		4,722.8
Deferred Income Tax Liabilities, Net		1,107.3		1,056.5
Regulatory Liabilities and Deferred Investment Tax Credits		768.9		723.3
Obligations Under Operating Leases		1.8		1.5
Deferred Credits and Other Noncurrent Liabilities		69.8		69.1
TOTAL NONCURRENT LIABILITIES		7,360.8		6,573.2
TOTAL LIABILITIES		8,433.7		7,941.2
Rate Matters
Commitments and Contingencies
Equity
Paid-in Captial		3,038.7		3,022.3
Retained Earnings		3,104.1		2,850.7
TOTAL MEMBER'S EQUITY		6,142.8		5,873.0
TOTAL LIABILITIES AND EQUITY		14,576.5		13,814.2
AEP Transmission Co [Member] \| Related Party
Current Assets
Advances to Affiliates		79.4		4.4
Accounts Receivable:
Affiliated Companies - Contracts with Customers		179.4		119.5
Current Liabilities
Advances From Affiliates		74.4		229.3
Accounts Payable		104.9		82.7
Appalachian Power Co [Member]
Current Assets
Cash and Cash Equivalents		6.8		7.5
Restricted Cash		15.1		14.4
Accounts Receivable:
Accounts Receivable and Accrued Unbilled Revenues		138.1		168.9
Accrued Unbilled Revenues		35.6		91.3
Miscellaneous		0.5		0.3
Allowance for Uncollectible Accounts		(1.6)		(1.7)
Total Accounts Receivable		294.1		352.8
Fuel		267.1		158.9
Materials and Supplies		136.5		130.6
Risk Management Assets		39.2		69.1
Regulatory Asset for Under-Recovered Fuel Costs		586.0		473.1
Prepayments and Other Current Assets		28.9		33.4
TOTAL CURRENT ASSETS		1,392.6		1,259.6
Property, Plant and Equipment
Generation		6,903.0		6,776.8
Transmission		4,536.9		4,482.8
About American Electric Power Company Nicholas K. Akins www.aep.com 16700 American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments. The company generates electricity using coal and lignite, natural gas, nuclear, hydro, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio. Discover the joy of investing. All the financial data and tools you need, at one place. Resources Stock Funds Economy Data Explorer Watchlists Explore Grufity API Blogs Search Filings Pricing Company Terms Privacy About us Contact us Copyright © 2023 Knowtilus Technologies Pvt. Ltd.

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