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American Electric Power Company Inc Stock Research

AEP

92.01USD-0.58(-0.63%)Delayed

Market Summary

USD92.01-0.58
Delayed
-0.63%

AEP Alerts

AEP Stock Price

AEP RSI Chart

AEP Valuation

Market Cap

47.3B

Price/Earnings (Trailing)

20.5

Price/Sales (Trailing)

2.41

EV/EBITDA

12.25

Price/Free Cashflow

8.94

AEP Price/Sales (Trailing)

AEP Profitability

EBT Margin

12.32%

Return on Equity

9.65%

Return on Assets

2.47%

Free Cashflow Yield

11.19%

AEP Fundamentals

AEP Revenue

Revenue (TTM)

19.6B

Revenue Y/Y

20.18%

Revenue Q/Q

-11.67%

AEP Earnings

Earnings (TTM)

2.3B

Earnings Y/Y

-28.82%

Earnings Q/Q

-43.89%

Price Action

52 Week Range

79.55104.62
(Low)(High)

Last 7 days

3.7%

Last 30 days

1.7%

Last 90 days

-3.1%

Trailing 12 Months

-1.2%

AEP Financial Health

Current Ratio

0.65

Debt/Equity

1.46

Debt/Cashflow

0.16

AEP Investor Care

Dividend Yield

3.45%

Dividend/Share (TTM)

3.17

Shares Dilution (1Y)

2.50%

Diluted EPS (TTM)

4.49

Peers (Alternatives to American Electric Power Company)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
151.5B
21.0B
-0.13% -6.43%
36.52
7.23
22.77% 16.06%
47.3B
19.6B
1.65% -1.22%
20.5
2.41
16.96% -7.33%
26.8B
12.3B
-4.32% -8.73%
18.95
2.18
24.60% 15.01%
21.5B
13.8B
-0.70% -2.94%
19.53
1.56
17.21% -1.37%
15.4B
7.9B
-2.86% -10.24%
17.46
1.94
13.61% 24.61%
MID-CAP
8.9B
4.3B
4.77% 9.89%
17.79
2.06
13.68% -21.25%
7.3B
31.5B
-13.33% -18.67%
5.94
0.23
16.87% -44.17%
7.2B
3.4B
-8.04% -4.74%
10.86
2.14
-7.61% -9.71%
5.4B
1.6B
2.19% -2.54%
21.04
3.31
12.75% 5.47%
4.1B
3.7B
-13.27% -8.92%
17.07
1.11
31.28% -2.03%
2.3B
620.7M
-1.69% 15.73%
31.49
3.75
8.19% 22.07%
SMALL-CAP
1.4B
162.4M
-11.55% -24.16%
31.93
8.34
13.48% 16.11%
886.7M
563.2M
5.51% 11.70%
21.42
1.57
18.99% 14.68%
278.1M
364.5M
-21.32% 49.86%
2.8
0.76
3.55% 9592.01%

Financials for American Electric Power Company

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.4%19,64018,82017,91717,10416,792
Operating Expenses6.2%16,15715,21414,13313,51413,381
EBITDA-2.4%3,8173,9104,0463,8853,711
EBITDA Margin-6.5%0.19*0.21*0.23*0.23*0.22*
Earnings Before Taxes-7.1%2,4202,6052,7982,6622,512
EBT Margin-11.0%0.12*0.14*0.16*0.16*0.15*
Interest Expenses7.0%1,3961,3051,2481,2221,199
Net Income-6.3%2,3062,4612,5742,6272,488
Net Income Margin-10.2%0.12*0.13*0.14*0.15*0.15*
Free Cahsflow-5.6%5,2885,6005,7875,5793,840
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.4%93,46991,24990,86189,83187,669
  Current Assets1.1%9,4199,3209,3718,2687,809
    Cash Equivalents-2.5%509522575676403
  Net PPE2.1%71,28369,81368,70867,87866,001
  Goodwill0%53.0053.0053.0053.0053.00
Liabilities4.0%69,30166,66466,50165,73864,945
  Current Liabilities23.1%14,56711,83612,44813,56912,427
.    Short Term Borrowings52.2%4,1122,7022,1303,3802,614
  Long Term Debt4.7%35,45933,86433,455--
    LT Debt, Current42.2%1,9961,4042,4773,0082,154
    LT Debt, Non Current-0.1%33,62633,64732,98330,85631,301
Shareholder's Equity-1.6%23,89324,27824,29724,03822,433
  Retained Earnings-0.4%12,34612,39012,10911,98511,667
  Additional Paid-In Capital0.6%8,0518,0017,9847,9657,173
Accumulated Depreciation1.0%22,51122,29221,76321,29720,805
Shares Outstanding0.0%514514506--
Minority Interest-2.2%229234241247247
Float-42,651----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-5.6%5,2885,6005,7875,5793,840
Cashflow From Investing-5.5%-7,751-7,350-7,403-7,692-6,433
Cashflow From Financing185.2%2,5699011,8782,5152,607
  Dividend Payments2.2%1,6451,6091,5771,5461,520

Risks for AEP

What is the probability of a big loss on AEP?

28.5%


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.

0%


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

Returns for AEP

Cumulative Returns on AEP

10.6%


10-Year Cumulative Returns

8.7%


7-Year Cumulative Returns

9.9%


5-Year Cumulative Returns

5.6%


3-Year Cumulative Returns

What are the long-term rolling returns for AEP?

FIve years rolling returns for American Electric Power Company.

Annualized Returns

Which funds bought or sold AEP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
61.5
935,138
2,144,140
0.06%
2023-03-13
Claro Advisors LLC
reduced
-0.13
-13,407
1,162,590
0.38%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
15.43
22,025,200
104,262,000
0.11%
2023-03-10
MATHER GROUP, LLC.
reduced
-2.97
42,486
687,486
0.01%
2023-03-06
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL
reduced
-7.54
8,124
524,124
0.20%
2023-03-06
Aldebaran Financial Inc.
unchanged
-
18,375
237,375
0.26%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-9.98
-232,000
20,440,000
0.10%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
added
0.41
22,013
231,013
0.01%
2023-03-03
TIAA, FSB
reduced
-3.91
124,756
2,371,760
0.01%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
132,930
132,930
-%

1–10 of 47

Latest Funds Activity

Are funds buying AEP calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own AEP
No. of Funds

American Electric Power Company News

MarketBeat

Burke & Herbert Bank & Trust Co. Acquires Shares of 2239 ....

MarketBeat,
5 hours ago

Nasdaq

Zacks Investment Research

Fitch Ratings

Schedule 13G FIlings of American Electric Power Company

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

AEP Fair Value

American Electric Power Company fair value in different scenarios

The table shows the Fair Value estimates for American Electric Power Company for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

58.96

-35.92%

81.12

-11.84%

92.76

0.82%

124.23

35.02%

148.25

61.12%
Current Inflation

53.50

-41.85%

61.83

-32.80%

75.03

-18.45%

92.69

0.74%

106.59

15.85%
Very High Inflation

49.62

-46.07%

64.64

-29.75%

71.61

-22.17%

92.16

0.16%

107.66

17.01%

Historical American Electric Power Company Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of American Electric Power Company

View All Filings
Date Filed Form Type Document
Mar 15, 2023
DEFA14A
DEFA14A
Mar 15, 2023
DEF 14A
DEF 14A
Mar 13, 2023
8-K
Current Report
Mar 02, 2023
PRER14A
PRER14A
Mar 01, 2023
8-K
Current Report
Feb 28, 2023
PRE 14A
PRE 14A
Feb 28, 2023
424B2
Prospectus Filed
Feb 28, 2023
4
Insider Trading
Feb 27, 2023
4
Insider Trading
Feb 27, 2023
4
Insider Trading

Latest Insider Trading transactions for AEP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-27
Hall Greg B
sold
-80,435
90.99
-884
executive vice president
2023-02-24
Akins Nicholas K
sold
-4,564,480
89.44
-51,034
executive chair
2023-02-24
Feinberg David Matthew
sold
-357,581
89.44
-3,998
executive vice president
2023-02-23
Feinberg David Matthew
acquired
-
-
14,564
executive vice president
2023-02-23
Sundararajan Raja
acquired
-
-
3,902
executive vice president
2023-02-23
SLOAT JULIA A
sold (taxes)
-
-
-282
president, ceo
2023-02-23
Beam Christian T
sold (taxes)
-
-
-1,300
executive vice president
2023-02-23
Sundararajan Raja
sold (taxes)
-
-
-685
executive vice president
2023-02-23
Akins Nicholas K
sold (taxes)
-
-
-41,547
executive chair
2023-02-23
Hall Greg B
acquired
-
-
3,599
executive vice president

1–10 of 50

Nicholas K. Akins
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.

AEP Income Statement

2022-12-31
<

AEP Balance Sheet

2022-12-31
Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Revenue from Contracts with Customers$ 19,639.5$ 16,792.0$ 14,918.5
Sales to AEP Affiliates0.00.00.0
TOTAL REVENUES19,639.516,792.014,918.5
Expenses   
Other Operation2,878.12,547.72,572.4
Maintenance1,249.41,121.81,010.4
Loss on the Expected Sale of the Kentucky Operations363.30.00.0
Asset Impairments and Other Related Charges48.811.60.0
Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset(37.0)0.00.0
Gain on Sale of Merchant Generation Assets(116.3)0.00.0
Depreciation and Amortization3,202.82,825.72,682.8
Taxes Other Than Income Taxes1,469.81,407.61,295.5
TOTAL EXPENSES16,156.813,380.711,930.8
OPERATING INCOME (LOSS)3,482.73,411.32,987.7
Other Income (Expense):   
Other Income11.641.457.0
Allowance for Equity Funds Used During Construction133.7139.7148.1
Non-Service Cost Components of Net Periodic Benefit Cost188.5118.6119.0
Interest Expense(1,396.1)(1,199.1)(1,165.7)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS)2,420.42,511.92,146.1
Income Tax Expense/Benefit5.4115.540.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries(109.4)91.791.1
Net Income (Loss)2,305.62,488.12,196.7
Net Income Attributable to Noncontrolling Interests(1.6)0.0(3.4)
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS$ 2,307.2$ 2,488.1$ 2,200.1
Earnings Per Share   
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING511,841,946500,522,177495,718,223
Total Basic Earnings (Loss) per Share Attributable to AEP Common Shareholders$ 4.51$ 4.97$ 4.44
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING513,484,609501,784,032497,226,867
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS$ 4.49$ 4.96$ 4.42
Vertically Integrated Utilities [Member]   
Revenues   
Revenue from Contracts with Customers$ 11,292.8$ 9,852.2$ 8,753.2
Transmission and Distribution Utilities [Member]   
Revenues   
Revenue from Contracts with Customers5,489.64,464.14,238.7
Generation and Marketing Revenues [Member]   
Revenues   
Revenue from Contracts with Customers2,448.92,108.31,621.0
Other Revenues [Member]   
Revenues   
Revenue from Contracts with Customers408.2367.4305.6
TOTAL REVENUES360.3[1],[2]227.6[3],[4]61.5[5],[6]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]   
Expenses   
Cost of Goods and Services Sold7,097.95,466.34,369.7
AEP Texas Inc. [Member]   
Revenues   
Revenue from Contracts with Customers1,848.01,587.71,528.0
Sales to AEP Affiliates3.53.990.8
TOTAL REVENUES1,846.81,593.81,618.9
Expenses   
Other Operation594.2489.5488.9
Maintenance93.586.280.5
Depreciation and Amortization452.4387.0529.8
Taxes Other Than Income Taxes157.5155.1136.4
TOTAL EXPENSES1,297.61,117.81,249.3
OPERATING INCOME (LOSS)549.2476.0369.6
Other Income (Expense):   
Interest Income3.60.81.4
Allowance for Equity Funds Used During Construction19.721.519.4
Non-Service Cost Components of Net Periodic Benefit Cost16.711.111.2
Interest Expense(208.7)(176.5)(171.8)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS)380.5332.9229.8
Income Tax Expense/Benefit72.643.1(11.2)
Net Income (Loss)307.9289.8241.0
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]   
Revenues   
Revenue from Contracts with Customers1,839.71,586.41,524.9
AEP Texas Inc. [Member] | Other Revenues [Member]   
Revenues   
Revenue from Contracts with Customers3.63.53.2
TOTAL REVENUES0.0[7]0.0[8]87.5[9]
AEP Texas Inc. [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]   
Expenses   
Cost of Goods and Services Sold0.00.013.7
AEP Transmission Co [Member]   
Revenues   
Revenue from Contracts with Customers1,651.71,410.91,232.7
Sales to AEP Affiliates1,354.51,171.5954.6
TOTAL REVENUES1,624.51,469.31,145.7
Expenses   
Other Operation136.3105.599.8
Maintenance17.218.410.2
Depreciation and Amortization346.2297.3249.0
Taxes Other Than Income Taxes271.1238.8205.2
TOTAL EXPENSES770.8660.0564.2
OPERATING INCOME (LOSS)853.7809.3581.5
Other Income (Expense):   
Interest Income1.60.52.4
Allowance for Equity Funds Used During Construction70.767.274.0
Interest Expense(162.7)(141.2)(127.8)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS)763.3735.8530.1
Income Tax Expense/Benefit169.1144.1106.7
Net Income (Loss)594.2591.7423.4
Earnings Per Share   
Provision for Refund-Affiliated(70.7)(17.6)(58.3)
Provision for Refund-Nonaffiliated(14.2)(2.4)(16.0)
AEP Transmission Co [Member] | Transmission [Member]   
Revenues   
Revenue from Contracts with Customers354.9317.8265.4
AEP Transmission Co [Member] | Other Revenues [Member]   
Revenues   
Revenue from Contracts with Customers(0.2)0.30.6
TOTAL REVENUES0.0[7]0.0[8]0.0[9]
Appalachian Power Co [Member]   
Revenues   
Revenue from Contracts with Customers3,520.73,092.92,809.2
Sales to AEP Affiliates256.1197.9174.7
TOTAL REVENUES3,519.93,105.22,796.2
Expenses   
Other Operation724.1610.0530.5
Maintenance297.8265.5226.8
Asset Impairments and Other Related Charges24.90.00.0
Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset(37.0)0.00.0
Re-Establishment of Regulatory Asset - Coal Fired Generation0.00.0(49.0)
Depreciation and Amortization575.9546.2507.5
Taxes Other Than Income Taxes158.2154.2150.2
TOTAL EXPENSES2,917.82,555.82,239.6
OPERATING INCOME (LOSS)602.1549.4556.6
Other Income (Expense):   
Interest Income3.51.01.6
Allowance for Equity Funds Used During Construction11.715.614.6
Non-Service Cost Components of Net Periodic Benefit Cost29.019.018.8
Interest Expense(233.9)(214.0)(217.6)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS)412.4371.0374.0
Income Tax Expense/Benefit18.222.14.3
Net Income (Loss)394.2348.9369.7
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]   
Revenues   
Revenue from Contracts with Customers3,245.52,895.52,610.9
Appalachian Power Co [Member] | Other Revenues [Member]   
Revenues   
Revenue from Contracts with Customers18.311.810.6
TOTAL REVENUES0.5[7]0.0[8]0.0[9]
Appalachian Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]   
Expenses   
Cost of Goods and Services Sold1,173.9979.9873.6
Indiana Michigan Power Co [Member]   
Revenues   
Revenue from Contracts with Customers2,659.72,330.72,236.0
Sales to AEP Affiliates15.33.810.5
Other Revenues - Affiliated54.354.060.8
TOTAL REVENUES2,669.62,326.72,241.8
Expenses   
Purchased Electricity from AEP Affiliates241.8217.9172.8
Other Operation621.0645.2650.0
Maintenance227.2210.0193.2
Depreciation and Amortization527.2446.0411.6
Taxes Other Than Income Taxes97.0110.8107.1
TOTAL EXPENSES2,249.71,968.81,878.9
OPERATING INCOME (LOSS)419.9357.9362.9
Other Income (Expense):   
Other Income9.311.710.0
Allowance for Equity Funds Used During Construction9.812.811.5
Non-Service Cost Components of Net Periodic Benefit Cost24.916.416.7
Interest Expense(125.2)(116.8)(112.3)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS)328.9269.2277.3
Income Tax Expense/Benefit4.2(10.6)(7.5)
Net Income (Loss)324.7279.8284.8
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]   
Revenues   
Revenue from Contracts with Customers2,588.32,261.22,165.3
Indiana Michigan Power Co [Member] | Other Revenues [Member]   
Revenues   
Revenue from Contracts with Customers11.77.75.2
Sales to AEP Affiliates62.060.069.0
TOTAL REVENUES(0.1)[7]0.0[8]0.0[9]
Indiana Michigan Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]   
Expenses   
Cost of Goods and Services Sold535.5338.9344.2
Ohio Power Co [Member]   
Revenues   
Revenue from Contracts with Customers3,672.12,837.52,665.0
Sales to AEP Affiliates18.824.841.5
TOTAL REVENUES3,665.12,899.12,749.1
Expenses   
Purchased Electricity from AEP Affiliates9.851.9119.7
Other Operation982.0836.8822.6
Maintenance185.5158.2127.1
Depreciation and Amortization294.3303.3276.6
Taxes Other Than Income Taxes502.4485.7450.2
TOTAL EXPENSES3,251.42,513.92,345.4
OPERATING INCOME (LOSS)413.7385.2403.7
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets  
Cash and Cash Equivalents$ 509.4$ 403.4
Restricted Cash47.148.0
Other Temporary Investments187.5220.4
Accounts Receivable:  
Customers1,081.5720.9
Accrued Unbilled Revenues287.9204.4
Pledged Accounts Receivable - AEP Credit1,207.41,038.0
Miscellaneous49.633.9
Allowance for Uncollectible Accounts(56.1)(55.6)
Total Accounts Receivable2,570.31,941.6
Fuel413.2307.9
Materials and Supplies888.9681.3
Risk Management Assets340.4194.4
Accrued Tax Benefits99.4121.5
Assets Held for Sale2,823.52,919.7
Regulatory Asset for Under-Recovered Fuel Costs[1]1,286.8647.8
Margin Deposits81.9193.4
Prepayments and Other Current Assets170.3129.8
TOTAL CURRENT ASSETS9,418.77,809.2
Property, Plant and Equipment  
Generation24,597.723,088.1
Transmission32,312.929,911.1
Distribution26,077.224,440.0
Other Property, Plant and Equipment6,142.15,682.9
Construction Work in Progress4,664.13,684.3
Total Property, Plant and Equipment93,794.086,806.4
Accumulated Depreciation and Amortization22,511.120,805.1
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET[2]71,282.966,001.3
Other Noncurrent Assets  
Regulatory Assets[3]4,281.24,142.3
Securitized Assets446.0552.8
Spent Nuclear Fuel and Decommissioning Trusts3,341.23,867.0
Goodwill52.552.5
Derivative Asset, Noncurrent284.1267.0
Operating Lease Assets645.0578.3
Deferred Charges and Other Noncurrent Assets - Prepaid Benefit Costs3,717.84,398.3
TOTAL OTHER NONCURRENT ASSETS12,767.813,858.2
TOTAL ASSETS93,469.487,668.7
Current Liabilities  
Accounts Payable2,613.02,054.6
Short-term Debt:  
Securitized Debt for Receivables - AEP Credit[4]750.0750.0
Other Short-term Debt3,362.21,864.0
Total Short-term Debt4,112.22,614.0
Long-term Debt Due Within One Year1,996.42,153.8
Risk Management Liabilities145.275.4
Customer Deposits370.0321.6
Accrued Taxes1,672.81,586.4
Accrued Interest327.6273.2
Obligations Under Operating Leases113.497.6
Liabilities Held for Sale1,955.71,880.9
Regulatory Liability for Over-Recovered Fuel Costs1.41.5
Other Current Liabilities1,261.11,369.2
TOTAL CURRENT LIABILITIES14,567.412,426.7
Noncurrent Liabilities  
Long-term Debt33,626.231,300.7
Deferred Income Tax Liabilities, Net[5]8,493.38,202.5
Long-term Risk Management Liabilities345.3230.3
Regulatory Liabilities and Deferred Investment Tax Credits[6]7,999.68,686.3
Asset Retirement Obligations2,860.82,676.2
Employee Benefits and Pension Obligations257.3328.4
Obligations Under Operating Leases552.1492.8
Deferred Credits and Other Noncurrent Liabilities599.1601.3
TOTAL NONCURRENT LIABILITIES54,733.752,518.5
TOTAL LIABILITIES69,301.164,945.2
Rate Matters
Commitments and Contingencies
Contingently Redeemable Performance Share Awards45.943.3
Total Mezzanine Equity45.943.3
Equity  
Common Stock3,413.13,408.7
Paid-in Capital8,051.07,172.6
Retained Earnings12,345.611,667.1
Accumulated Other Comprehensive Income (Loss)83.7184.8
TOTAL COMMON SHAREHOLDERS' EQUITY23,893.422,433.2
Noncontrolling Interests229.0247.0
TOTAL EQUITY24,122.422,680.2
TOTAL LIABILITIES AND EQUITY$ 93,469.4$ 87,668.7
Common Stock, Par Value Per Share$ 6.50$ 6.50
Common Stock, Shares, Issued525,099,321524,416,175
Common Stock, Shares Authorized600,000,000600,000,000
Treasury Stock, Shares11,233,24020,204,160
Subsidiaries [Member]  
Current Assets  
Restricted Cash$ 47.1$ 48.0
Other Temporary Investments182.9214.8
Short-term Debt:  
Long-term Debt Due Within One Year218.2190.5
Noncurrent Liabilities  
Long-term Debt755.3840.5
AEP Texas Inc. [Member]  
Current Assets  
Cash and Cash Equivalents0.10.1
Restricted Cash32.730.4
Advances to Affiliates6.96.9
Accounts Receivable:  
Customers150.9123.4
Affiliated Companies11.97.9
Accrued Unbilled Revenues91.477.9
Miscellaneous0.20.0
Allowance for Uncollectible Accounts(4.2)(4.0)
Total Accounts Receivable250.2205.2
Materials and Supplies138.873.9
Accrued Tax Benefits12.224.8
Prepayments and Other Current Assets6.05.9
TOTAL CURRENT ASSETS446.9347.2
Property, Plant and Equipment  
Transmission6,301.55,849.9
Distribution5,312.84,917.2
Other Property, Plant and Equipment1,022.8961.1
Construction Work in Progress805.2551.3
Total Property, Plant and Equipment13,442.312,279.5
Accumulated Depreciation and Amortization1,760.71,644.1
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET11,681.610,635.4
Other Noncurrent Assets  
Regulatory Assets298.3275.2
Securitized Assets286.4367.6
Deferred Charges and Other Noncurrent Assets - Prepaid Benefit Costs179.0211.3
TOTAL OTHER NONCURRENT ASSETS763.7854.1
TOTAL ASSETS12,892.211,836.7
Current Liabilities  
Advances from Affiliates96.526.9
Accounts Payable331.0306.3
Affiliated Companies34.732.5
Short-term Debt:  
Long-term Debt Due Within One Year278.5716.0
Accrued Taxes95.593.3
Accrued Interest48.344.7
Obligations Under Operating Leases28.614.0
Other Current Liabilities130.778.0
TOTAL CURRENT LIABILITIES1,043.81,311.7
Noncurrent Liabilities  
Long-term Debt5,379.34,464.8
Deferred Income Tax Liabilities, Net1,144.21,088.9
Regulatory Liabilities and Deferred Investment Tax Credits1,259.61,242.0
Obligations Under Operating Leases67.861.3
Deferred Credits and Other Noncurrent Liabilities93.273.8
TOTAL NONCURRENT LIABILITIES7,944.16,930.8
TOTAL LIABILITIES8,987.98,242.5
Rate Matters
Commitments and Contingencies
Equity  
Paid-in Capital1,558.21,553.9
Retained Earnings2,354.72,046.8
Accumulated Other Comprehensive Income (Loss)(8.6)(6.5)
TOTAL EQUITY3,904.33,594.2
TOTAL LIABILITIES AND EQUITY12,892.211,836.7
AEP Texas Inc. [Member] | AEP Texas Transition and Restoration Funding [Member]  
Current Assets  
Restricted Cash32.730.4
Other Noncurrent Assets  
Securitized Assets286.4367.6
Short-term Debt:  
Long-term Debt Due Within One Year93.591.0
Accrued Interest2.22.3
Noncurrent Liabilities  
Long-term Debt221.0313.7
AEP Transmission Co [Member]  
Current Assets  
Cash and Cash Equivalents0.00.0
Advances to Affiliates0.027.2
Accounts Receivable:  
Customers46.722.5
Affiliated Companies117.996.1
Total Accounts Receivable164.6118.6
Materials and Supplies10.79.3
Accrued Tax Benefits4.25.6
Assets Held for Sale178.0167.9
Prepayments and Other Current Assets3.02.7
TOTAL CURRENT ASSETS360.5331.3
Property, Plant and Equipment  
Transmission12,183.210,886.3
Other Property, Plant and Equipment451.9427.4
Construction Work in Progress1,547.11,394.8
Total Property, Plant and Equipment14,182.212,708.5
Accumulated Depreciation and Amortization1,012.1772.8
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET[7]13,170.111,935.7
Other Noncurrent Assets  
Regulatory Assets[8]6.88.5
Deferred Property Taxes266.6245.7
Deferred Charges and Other Noncurrent Assets - Prepaid Benefit Costs10.23.2
TOTAL OTHER NONCURRENT ASSETS283.6257.4
TOTAL ASSETS[9]13,814.212,524.4
Current Liabilities  
Advances from Affiliates229.3124.0
Accounts Payable427.0460.1
Affiliated Companies81.969.9
Short-term Debt:  
Long-term Debt Due Within One Year60.0104.0
Accrued Taxes528.3479.0
Accrued Interest28.428.4
Obligations Under Operating Leases1.30.9
Liabilities Held for Sale28.627.6
Other Current Liabilities8.43.0
TOTAL CURRENT LIABILITIES1,393.21,296.9
Noncurrent Liabilities  
Long-term Debt4,722.84,239.9
Deferred Income Tax Liabilities, Net[10]1,040.4962.9
Regulatory Liabilities and Deferred Investment Tax Credits[11]715.0644.1
Obligations Under Operating Leases1.51.3
Deferred Credits and Other Noncurrent Liabilities68.33.2
TOTAL NONCURRENT LIABILITIES6,548.05,851.4
TOTAL LIABILITIES7,941.27,148.3
Rate Matters
Commitments and Contingencies
Equity  
Members' Capital3,022.32,949.6
Retained Earnings2,850.72,426.5
TOTAL MEMBER'S EQUITY5,873.05,376.1
TOTAL LIABILITIES AND EQUITY13,814.212,524.4
Appalachian Power Co [Member]  
Current Assets  
Cash and Cash Equivalents7.52.5
Restricted Cash14.417.6
Advances to Affiliates19.820.8
Accounts Receivable:  
Customers168.9158.5
Affiliated Companies94.0129.9
Accrued Unbilled Revenues91.354.0
Miscellaneous0.30.2
Allowance for Uncollectible Accounts(1.7)(1.6)
Total Accounts Receivable352.8341.0
Fuel158.967.1
Materials and Supplies130.6109.8
Risk Management Assets69.142.0
Regulatory Asset for Under-Recovered Fuel Costs473.1201.3
Margin Deposits7.471.8
Prepayments and Other Current Assets26.051.4
TOTAL CURRENT ASSETS1,259.6925.3
Property, Plant and Equipment  
Generation6,776.86,683.9
Transmission4,482.84,322.4
Distribution4,933.04,683.3
Other Property, Plant and Equipment883.3696.6
Construction Work in Progress705.3469.9
Total Property, Plant and Equipment17,781.216,856.1
Accumulated Depreciation and Amortization5,402.05,051.8
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET12,379.211,804.3
Other Noncurrent Assets  
Regulatory Assets1,058.6757.6
Securitized Assets159.6185.1
Employee Benefits and Pension Assets152.9220.5
Operating Lease Assets73.666.9
Deferred Charges and Other Noncurrent Assets - Prepaid Benefit Costs138.7129.2
TOTAL OTHER NONCURRENT ASSETS1,583.41,359.3
TOTAL ASSETS15,222.214,088.9
Current Liabilities  
Advances from Affiliates182.2199.3
Accounts Payable451.2262.2
Affiliated Companies142.7118.6
Short-term Debt:  
Long-term Debt Due Within One Year251.8480.7
Customer Deposits75.173.9
Accrued Taxes101.0119.7
Obligations Under Operating Leases15.015.1
Other Current Liabilities171.2146.4
TOTAL CURRENT LIABILITIES1,390.21,415.9
Noncurrent Liabilities  
Long-term Debt5,158.74,458.2
Deferred Income Tax Liabilities, Net1,992.21,804.7
Regulatory Liabilities and Deferred Investment Tax Credits1,143.61,238.8
Asset Retirement Obligations419.2394.9
Employee Benefits and Pension Obligations34.241.5
Obligations Under Operating Leases59.152.4
Deferred Credits and Other Noncurrent Liabilities49.634.6
TOTAL NONCURRENT LIABILITIES8,856.68,025.1
TOTAL LIABILITIES10,246.89,441.0
Rate Matters
Commitments and Contingencies
Equity  
Common Stock260.4260.4
Paid-in Capital1,828.71,828.7
Retained Earnings2,891.12,534.4
Accumulated Other Comprehensive Income (Loss)(4.8)24.4
TOTAL EQUITY4,975.44,647.9
TOTAL LIABILITIES AND EQUITY$ 15,222.2$ 14,088.9
Common Stock, No Par Value$ 0$ 0
Common Stock, Shares Authorized30,000,00030,000,000
Common Stock, Shares Outstanding13,499,50013,499,500
Indiana Michigan Power Co [Member]

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