American electric power co inc. (AEP)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Revenues
Revenue from Contracts with Customers

15,561

16,195

15,424

-

-

-

-

-

-

-

-

-

-

Vertically Integrated Utilities

-

-

-

9,012

9,069

9,396

9,347

8,785

8,942

13,687

12,733

13,326

12,101

Transmission and Distribution Utilities

-

-

-

4,328

4,392

4,552

4,279

4,659

4,982

-

-

-

-

Generation & Marketing

-

-

-

2,858

2,866

2,384

1,208

882

563

-

-

-

-

Sales to AEP Affiliates

0

0

0

0

0

-

-

-

-

-

-

-

-

Other Revenues

-

-

-

180

124

44

523

619

629

740

756

1,114

1,279

TOTAL REVENUES

15,561

16,195

15,424

16,380

16,453

16,378

15,357

14,945

15,116

14,427

13,489

14,440

13,380

Expenses
Fuel and Other Consumables Used for Electric Generation

-

-

-

2,908

3,348

4,271

4,068

4,111

4,421

4,029

3,478

4,474

3,829

Purchased Electricity for Resale

-

-

-

2,821

2,760

2,085

1,491

1,169

1,191

1,000

1,053

1,281

1,138

Other Operation

2,743

2,979

2,525

2,956

2,703

2,766

2,904

2,962

2,868

3,132

2,620

2,856

2,664

Maintenance

1,213

1,247

1,145

1,237

1,325

1,328

1,179

1,115

1,236

1,142

1,205

1,053

1,162

Asset Impairments and Other Related Charges

156

70

87

2,267

0

0

226

300

139

0

0

-

-

Gain on Sale of Merchant Generation Assets

0

0

226

0

0

-

-

-

-

-

-

-

-

Depreciation and Amortization

2,514

2,286

1,997

1,962

2,009

1,897

1,743

1,782

1,655

1,641

1,597

1,483

1,513

Gain on Settlement of TEM Litigation

-

-

-

-

-

-

-

-

-

-

-

-255

0

Taxes Other Than Income Taxes

1,234

1,142

1,059

1,018

972

901

891

850

824

820

765

761

755

TOTAL EXPENSES

12,969

13,513

11,899

15,173

13,119

13,251

12,502

12,289

12,334

11,764

10,718

11,653

11,061

OPERATING INCOME (LOSS)

2,592

2,682

3,525

1,207

3,333

3,127

2,855

2,656

2,782

2,663

2,771

2,787

2,319

Other Income (Expense):
Interest and Investment Income

-

-

-

16

7

7

58

8

27

38

11

57

51

Carrying Costs Income

-

-

-

16

23

33

30

53

393

70

47

83

51

Other Income

26

18

34

-

-

-

-

-

-

-

-

-

-

Allowance for Equity Funds Used During Construction

168

132

93

113

131

102

73

93

98

77

82

45

33

Non-Service Cost Components of Net Periodic Benefit Cost

-120

-124

-45

-

-

-

-

-

-

-

-

-

-

Gain on Sale of Equity Investment

0

0

12

0

0

-

-

-

-

-

-

-

47

Interest Expense

1,072

984

895

877

873

868

906

988

933

999

973

957

838

INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS

1,834

1,973

2,816

475

2,622

2,402

2,110

1,822

2,367

1,849

1,938

2,015

1,663

Income Tax Expense (Benefit)

-12

115

969

-73

919

902

684

604

818

643

575

642

516

Equity Earnings (Loss) of Unconsolidated Subsidiaries

72

73

82

71

65

90

58

44

27

12

7

3

6

Income (Loss) from Continuing Operations

-

-

-

620

1,768

1,590

-

-

-

-

-

1,376

1,153

Income (Loss) from Discontinued Operations, Net of Tax

-

-

-

-2

283

47

-

-

-

-

-

12

24

INCOME (LOSS) BEFORE EXTRAORDINARY ITEM

-

-

-

-

-

-

-

-

1,576

1,218

1,370

1,388

1,177

EXTRAORDINARY ITEM, NET OF TAX

-

-

-

-

-

-

-

-

373

0

-5

0

-79

Net Income (Loss)

1,919

1,931

1,928

618

2,052

1,638

1,484

1,262

1,949

1,218

1,365

1,388

1,098

Net Income (Loss) Attributable to Noncontrolling Interests

-1

7

16

7

5

4

4

3

3

4

5

5

6

NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS

-

-

-

-

-

-

-

-

1,946

1,214

1,360

1,383

1,092

Preferred Stock Dividend Requirements of Subsidiaries Including Capital Stock Expense

-

-

-

-

-

-

-

-

5

3

3

3

3

Earnings Attributable to Common Shareholders

1,921

1,923

1,912

610

2,047

1,633

1,480

1,259

1,941

1,211

1,357

1,380

1,089

Weighted Average Number of Basic AEP Common Shares Outstanding

493

492

491

491

490

488

486

484

482

479

458

402

398

BASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS

-

-

-

1.25

3.59

3.24

-

-

3.25

2.53

2.97

3.40

2.87

BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM DISCONTINUED OPERATIONS

-

-

-

-0.01

0.58

0.10

-

-

-

-

-

-

-

Discontinued Operations, Net of Tax

-

-

-

-

-

-

-

-

-

-

-

0.03

0.06

Income Before Extraordinary Item

-

-

-

-

-

-

-

-

-

-

-

3.43

2.93

Extraordinary Item, Net of Tax

-

-

-

-

-

-

-

-

0.77

0.00

-0.01

0.00

-0.20

Total Basic Earnings Per Share Attributable to AEP Common Shareholders

3.89

3.90

3.89

1.24

4.17

3.34

3.04

2.60

4.02

2.53

2.96

3.43

2.73

Weighted Average Number of Diluted AEP Common Shares Outstanding

495

493

492

491

490

488

487

485

482

479

458

403

400

DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS

-

-

-

1.25

3.59

3.24

-

-

3.25

2.53

2.97

3.39

2.86

DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM DISCONTINUED OPERATIONS

-

-

-

-0.01

0.58

0.10

-

-

-

-

-

-

-

Discontinued Operations, Net of Tax

-

-

-

-

-

-

-

-

-

-

-

0.03

0.06

Income Before Extraordinary Item

-

-

-

-

-

-

-

-

-

-

-

3.42

2.92

Extraordinary Item, Net of Tax

-

-

-

-

-

-

-

-

0.77

0.00

-0.01

0.00

-0.20

Total Diluted Earnings Per Share Attributable to AEP Common Shareholders

3.88

3.90

3.88

1.24

4.17

3.34

3.04

2.60

4.02

2.53

2.96

3.42

2.72

Common Stock, Dividends Per Share, Declared

-

-

-

-

-

-

-

-

-

1.71

1.64

1.64

1.58

AEP Texas Inc. [Member]
Revenue from Contracts with Customers

1,551

1,493

-

-

-

-

-

-

-

-

-

-

-

Sales to AEP Affiliates

160

105

65

75

-

-

-

-

-

-

-

-

-

Transmission and Distribution Utilities

-

-

-

1,383

-

-

-

-

-

-

-

-

-

TOTAL REVENUES

1,709

1,595

1,538

1,461

-

-

-

-

-

-

-

-

-

Other Revenues

-

-

-

2

-

-

-

-

-

-

-

-

-

Fuel and Other Consumables Used for Electric Generation

-

-

-

32

-

-

-

-

-

-

-

-

-

Other Operation

492

488

453

454

-

-

-

-

-

-

-

-

-

Maintenance

158

89

75

73

-

-

-

-

-

-

-

-

-

Asset Impairments and Other Related Charges

32

0

0

72

-

-

-

-

-

-

-

-

-

Depreciation and Amortization

622

499

450

413

-

-

-

-

-

-

-

-

-

Taxes Other Than Income Taxes

140

132

122

107

-

-

-

-

-

-

-

-

-

TOTAL EXPENSES

1,477

1,249

1,122

1,081

-

-

-

-

-

-

-

-

-

OPERATING INCOME (LOSS)

232

346

416

379

-

-

-

-

-

-

-

-

-

Interest Income

3

0

2

10

-

-

-

-

-

-

-

-

-

Allowance for Equity Funds Used During Construction

15

20

6

9

-

-

-

-

-

-

-

-

-

Non-Service Cost Components of Net Periodic Benefit Cost

-11

-12

-3

-

-

-

-

-

-

-

-

-

-

Interest Expense

137

147

142

144

-

-

-

-

-

-

-

-

-

INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS

124

232

287

255

-

-

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

-53

20

-23

59

-

-

-

-

-

-

-

-

-

Income (Loss) from Continuing Operations

-

-

-

195

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax

-

-

-

-48

-

-

-

-

-

-

-

-

-

Net Income (Loss)

178

211

310

146

-

-

-

-

-

-

-

-

-

AEP Transmission Co [Member]
Revenue from Contracts with Customers

1,042

832

-

-

-

-

-

-

-

-

-

-

-

Sales to AEP Affiliates

806

598

568

367

-

-

-

-

-

-

-

-

-

Electrical Transmission Revenue

-

-

-

110

-

-

-

-

-

-

-

-

-

TOTAL REVENUES

1,021

776

706

478

-

-

-

-

-

-

-

-

-

Other Revenues

-

-

-

0

-

-

-

-

-

-

-

-

-

Other Operation

93

83

60

37

-

-

-

-

-

-

-

-

-

Maintenance

15

10

8

6

-

-

-

-

-

-

-

-

-

Depreciation and Amortization

176

133

95

65

-

-

-

-

-

-

-

-

-

Taxes Other Than Income Taxes

168

137

109

88

-

-

-

-

-

-

-

-

-

TOTAL EXPENSES

454

366

274

197

-

-

-

-

-

-

-

-

-

OPERATING INCOME (LOSS)

567

410

432

280

-

-

-

-

-

-

-

-

-

Interest Income

3

2

1

0

-

-

-

-

-

-

-

-

-

Allowance for Equity Funds Used During Construction

84

70

49

52

-

-

-

-

-

-

-

-

-

Interest Expense

97

83

70

46

-

-

-

-

-

-

-

-

-

INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS

557

400

412

286

-

-

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

117

84

142

94

-

-

-

-

-

-

-

-

-

Net Income (Loss)

439

315

270

192

-

-

-

-

-

-

-

-

-

Appalachian Power Co [Member]
Revenue from Contracts with Customers

2,911

2,993

-

-

-

-

-

-

-

-

-

-

-

Sales to AEP Affiliates

205

181

172

142

-

-

-

-

-

-

-

-

-

Vertically Integrated Utilities

-

-

-

2,847

-

-

-

-

-

-

-

-

-

TOTAL REVENUES

2,924

2,967

2,934

3,001

-

-

-

-

-

-

-

-

-

Other Revenues

-

-

-

11

-

-

-

-

-

-

-

-

-

Fuel and Other Consumables Used for Electric Generation

-

-

-

654

-

-

-

-

-

-

-

-

-

Purchased Electricity for Resale

-

-

-

329

-

-

-

-

-

-

-

-

-

Other Operation

567

511

503

486

-

-

-

-

-

-

-

-

-

Maintenance

255

316

251

275

-

-

-

-

-

-

-

-

-

Asset Impairments and Other Related Charges

92

0

0

-

-

-

-

-

-

-

-

-

-

Depreciation and Amortization

466

428

407

388

-

-

-

-

-

-

-

-

-

Taxes Other Than Income Taxes

146

134

126

123

-

-

-

-

-

-

-

-

-

TOTAL EXPENSES

2,527

2,484

2,243

2,257

-

-

-

-

-

-

-

-

-

OPERATING INCOME (LOSS)

397

483

690

743

-

-

-

-

-

-

-

-

-

Interest Income

2

1

1

1

-

-

-

-

-

-

-

-

-

Carrying Costs Income

0

1

1

0

-

-

-

-

-

-

-

-

-

Allowance for Equity Funds Used During Construction

16

13

9

11

-

-

-

-

-

-

-

-

-

Non-Service Cost Components of Net Periodic Benefit Cost

-17

-17

-5

-

-

-

-

-

-

-

-

-

-

Interest Expense

205

194

190

188

-

-

-

-

-

-

-

-

-

INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS

228

322

516

568

-

-

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

-78

-44

185

199

-

-

-

-

-

-

-

-

-

Net Income (Loss)

306

367

331

369

-

-

-

-

-

-

-

-

-

Indiana Michigan Power Co [Member]
Revenue from Contracts with Customers

2,308

2,381

-

-

-

-

-

-

-

-

-

-

-

Sales to AEP Affiliates

10

22

1

26

-

-

-

-

-

-

-

-

-

Vertically Integrated Utilities

-

-

-

2,062

-

-

-

-

-

-

-

-

-

Other Revenues - Affiliated

63

63

62

62

-

-

-

-

-

-

-

-

-

TOTAL REVENUES

2,306

2,370

2,121

2,167

-

-

-

-

-

-

-

-

-

Other Revenues

-

-

-

17

-

-

-

-

-

-

-

-

-

Purchased Electricity from AEP Affiliates

214

237

223

228

-

-

-

-

-

-

-

-

-

Fuel and Other Consumables Used for Electric Generation

-

-

-

284

-

-

-

-

-

-

-

-

-

Purchased Electricity for Resale

-

-

-

198

-

-

-

-

-

-

-

-

-

Other Operation

641

585

591

572

-

-

-

-

-

-

-

-

-

Maintenance

231

238

208

205

-

-

-

-

-

-

-

-

-

Asset Impairments and Other Related Charges

-

-

-

10

-

-

-

-

-

-

-

-

-

Depreciation and Amortization

350

293

210

191

-

-

-

-

-

-

-

-

-

Taxes Other Than Income Taxes

105

98

92

94

-

-

-

-

-

-

-

-

-

TOTAL EXPENSES

1,965

1,993

1,774

1,786

-

-

-

-

-

-

-

-

-

OPERATING INCOME (LOSS)

340

377

347

381

-

-

-

-

-

-

-

-

-

Interest Income

-

-

-

1

-

-

-

-

-

-

-

-

-

Carrying Costs Income

-

-

-

10

-

-

-

-

-

-

-

-

-

Other Income

18

19

25

-

-

-

-

-

-

-

-

-

-

Allowance for Equity Funds Used During Construction

19

11

11

15

-

-

-

-

-

-

-

-

-

Non-Service Cost Components of Net Periodic Benefit Cost

-17

-18

-6

-

-

-

-

-

-

-

-

-

-

Interest Expense

117

124

110

100

-

-

-

-

-

-

-

-

-

INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS

258

290

268

307

-

-

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

-10

29

81

67

-

-

-

-

-

-

-

-

-

Net Income (Loss)

269

261

186

239

-

-

-

-

-

-

-

-

-

Ohio Power Co [Member]
Revenue from Contracts with Customers

2,748

3,079

-

-

-

-

-

-

-

-

-

-

-

Sales to AEP Affiliates

27

21

24

17

-

-

-

-

-

-

-

-

-

Transmission and Distribution Utilities

-

-

-

2,930

-

-

-

-

-

-

-

-

-

TOTAL REVENUES

2,797

3,063

2,883

2,953

-

-

-

-

-

-

-

-

-

Other Revenues

-

-

-

6

-

-

-

-

-

-

-

-

-

Purchased Electricity from AEP Affiliates

156

135

108

141

-

-

-

-

-

-

-

-

-

Purchased Electricity for Resale

-

-

-

663

-

-

-

-

-

-

-

-

-

Generation Deferrals

-

-

-

-82

-

-

-

-

-

-

-

-

-

Amortization of Generation Deferrals

65

223

229

242

-

-

-

-

-

-

-

-

-

Other Operation

742

771

516

706

-

-

-

-

-

-

-

-

-

Maintenance

150

156

141

148

-

-

-

-

-

-

-

-

-

Depreciation and Amortization

240

259

225

238

-

-

-

-

-

-

-

-

-

Taxes Other Than Income Taxes

434

412

391

386

-

-

-

-

-

-

-

-

-

TOTAL EXPENSES

2,396

2,643

2,318

2,445

-

-

-

-

-

-

-

-

-

OPERATING INCOME (LOSS)

401

419

565

508

-

-

-

-

-

-

-

-

-

Interest Income

3

3

4

3

-

-

-

-

-

-

-

-

-

Carrying Costs Income

1

1

3

19

-

-

-

-

-

-

-

-

-

Allowance for Equity Funds Used During Construction

18

9

6

6

-

-

-

-

-

-

-

-

-

Non-Service Cost Components of Net Periodic Benefit Cost

-14

-15

-4

-

-

-

-

-

-

-

-

-

-

Interest Expense

106

100

101

112

-

-

-

-

-

-

-

-

-

INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS

332

349

483

426

-

-

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

34

24

159

143

-

-

-

-

-

-

-

-

-

Net Income (Loss)

297

325

323

282

-

-

-

-

-

-

-

-

-

Public Service Co Of Oklahoma [Member]
Revenue from Contracts with Customers

1,512

1,536

-

-

-

-

-

-

-

-

-

-

-

Sales to AEP Affiliates

6

5

4

2

-

-

-

-

-

-

-

-

-

Vertically Integrated Utilities

-

-

-

1,242

-

-

-

-

-

-

-

-

-

Provision for Refund

-9

3

-43

-

-

-

-

-

-

-

-

-

-

TOTAL REVENUES

1,481

1,547

1,427

1,249

-

-

-

-

-

-

-

-

-

Other Revenues

-

-

-

4

-

-

-

-

-

-

-

-

-

Fuel and Other Consumables Used for Electric Generation

-

-

-

44

-

-

-

-

-

-

-

-

-

Purchased Electricity for Resale

-

-

-

441

-

-

-

-

-

-

-

-

-

Purchased Electricity from AEP Affiliates

-

-

-

3

-

-

-

-

-

-

-

-

-

Other Operation

315

372

315

288

-

-

-

-

-

-

-

-

-

Maintenance

100

104

120

106

-

-

-

-

-

-

-

-

-

Depreciation and Amortization

169

164

130

130

-

-

-

-

-

-

-

-

-

Taxes Other Than Income Taxes

43

42

40

35

-

-

-

-

-

-

-

-

-

TOTAL EXPENSES

1,282

1,404

1,255

1,051

-

-

-

-

-

-

-

-

-

OPERATING INCOME (LOSS)

199

142

171

198

-

-

-

-

-

-

-

-

-

Interest Income

1

0

0

0

-

-

-

-

-

-

-

-

-

Allowance for Equity Funds Used During Construction

2

0

0

6

-

-

-

-

-

-

-

-

-

Non-Service Cost Components of Net Periodic Benefit Cost

-8

-8

-3

-

-

-

-

-

-

-

-

-

-

Interest Expense

66

63

53

51

-

-

-

-

-

-

-

-

-

INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS

145

88

122

154

-

-

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

7

5

50

54

-

-

-

-

-

-

-

-

-

Net Income (Loss)

137

83

72

100

-

-

-

-

-

-

-

-

-

Southwestern Electric Power Co [Member]
Revenue from Contracts with Customers

1,799

1,817

-

-

-

-

-

-

-

-

-

-

-

Sales to AEP Affiliates

36

35

25

24

-

-

-

-

-

-

-

-

-

Vertically Integrated Utilities

-

-

-

1,721

-

-

-

-

-

-

-

-

-

Provision for Refund

-32

-6

0

-

-

-

-

-

-

-

-

-

-

TOTAL REVENUES

1,750

1,821

1,779

1,748

-

-

-

-

-

-

-

-

-

Other Revenues

-

-

-

2

-

-

-

-

-

-

-

-

-

Fuel and Other Consumables Used for Electric Generation

-

-

-

517

-

-

-

-

-

-

-

-

-

Purchased Electricity for Resale

-

-

-

142

-

-

-

-

-

-

-

-

-

Other Operation

348

384

318

331

-

-

-

-

-

-

-

-

-

Maintenance

145

141

143

149

-

-

-

-

-

-

-

-

-

Asset Impairments and Other Related Charges

0

0

33

0

-

-

-

-

-

-

-

-

-

Depreciation and Amortization

249

239

217

196

-

-

-

-

-

-

-

-

-

Taxes Other Than Income Taxes

100

99

98

88

-

-

-

-

-

-

-

-

-

TOTAL EXPENSES

1,495

1,544

1,475

1,426

-

-

-

-

-

-

-

-

-

OPERATING INCOME (LOSS)

255

277

304

321

-

-

-

-

-

-

-

-

-

Interest Income

2

5

2

1

-

-

-

-

-

-

-

-

-

Allowance for Equity Funds Used During Construction

6

6

2

11

-

-

-

-

-

-

-

-

-

Non-Service Cost Components of Net Periodic Benefit Cost

-8

-8

-3

-

-

-

-

-

-

-

-

-

-

Interest Expense

119

127

123

119

-

-

-

-

-

-

-

-

-

INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS

154

169

189

213

-

-

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

-4

20

48

52

-

-

-

-

-

-

-

-

-

Equity Earnings (Loss) of Unconsolidated Subsidiaries

3

2

-3

7

-

-

-

-

-

-

-

-

-

Net Income (Loss)

162

152

137

169

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interests

3

5

12

4

-

-

-

-

-

-

-

-

-

Earnings Attributable to Common Shareholders

158

147

124

165

-

-

-

-

-

-

-

-

-

Vertically Integrated Utilities [Member]
Revenue from Contracts with Customers

9,245

9,556

9,095

-

-

-

-

-

-

-

-

-

-

Transmission and Distribution Utilities [Member]
Revenue from Contracts with Customers

4,319

4,552

4,328

-

-

-

-

-

-

-

-

-

-

Generation and Marketing [Member]
Revenue from Contracts with Customers

1,721

1,818

1,771

-

-

-

-

-

-

-

-

-

-

Other Revenues [Member]
Revenue from Contracts with Customers

274

268

229

-

-

-

-

-

-

-

-

-

-

Revenues

61

25

-

-

-

-

-

-

-

-

-

-

-

Fuel and Other Consumables Used for Electric Generation [Member]
Cost of Goods and Services Sold

1,940

2,359

2,346

-

-

-

-

-

-

-

-

-

-

Purchased Electricity for Resale [Member]
Cost of Goods and Services Sold

3,165

3,427

2,965

-

-

-

-

-

-

-

-

-

-