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AMERICAN ELECTRIC POWER CO INC (AEP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues          
Revenue from Contracts with Customers  19,639.516,792.014,918.515,561.416,195.715,424.916,380.116,453.2
            Revenue from Contracts with Customers growth  17.0%12.6%-4.1%-3.9%5.0%-5.8%-0.4%0.5%
Provision for Refund Affiliated          
Provision for Refund-Nonaffiliated          
TOTAL REVENUES  19,639.516,792.014,918.515,561.416,195.715,424.916,380.116,453.2
            TOTAL REVENUES growth  17.0%12.6%-4.1%-3.9%5.0%-5.8%-0.4%0.5%
Expenses          
   
Purchased Electricity from AEP Affiliates          
Amortization of Generation Deferrals          
Other Operation  2,878.12,547.72,572.42,743.72,979.22,525.22,996.12,703.9
Maintenance  1,249.41,121.81,010.41,213.91,247.41,145.61,241.71,325.3
   
Asset Impairments and Other Related Charges          
Establishment of Regulatory Asset          
Depreciation and Amortization  3,202.82,825.72,682.82,514.52,286.61,997.21,962.32,009.7
Taxes Other Than Income Taxes  1,469.81,407.61,295.51,234.51,142.71,059.41,018.0972.6
TOTAL EXPENSES  16,156.813,380.711,930.812,969.113,513.011,899.915,216.213,119.7
    OPERATING INCOME (LOSS)  3,482.73,411.32,987.72,592.32,682.73,525.01,163.93,333.5
            Operating margin  17.7%20.3%20.0%16.7%16.6%22.9%7.1%20.3%
   
Other Income (Expense):          
Interest Income          
Carrying Costs Income          
Other Income  11.641.457.026.618.234.6  
Allowance for Equity Funds Used During Construction  133.7139.7148.1168.4132.593.7113.2131.9
Non-Service Cost Components of Net Periodic Benefit Cost  188.5118.6119.0120.0124.545.543.2 
Interest Expense  -1,396.1-1,199.1-1,165.7-1,072.5-984.4-895.0-877.2-873.9
    INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS  2,420.42,511.92,146.11,834.81,973.52,816.2475.62,622.9
Income Tax Expense (Benefit)  5.4115.540.5-12.9115.3969.7-73.7919.6
            Tax rate  0.2%4.6%1.9% 5.8%34.4% 35.1%
Equity Earnings (Loss) of Unconsolidated Subsidiaries  -109.491.791.172.173.182.471.265.3
    Net Income (Loss)  2,305.62,488.12,196.71,919.81,931.31,928.91,238.52,052.3
Net Income (Loss) Attributable to Noncontrolling Interests  -1.6 -3.4-1.37.516.37.15.2
    Earnings Attributable to Common Shareholders  2,307.22,488.12,200.11,921.11,923.81,912.6610.92,047.1
   
Earnings Per Share          
Weighted Average Number of Basic AEP Common Shares Outstanding  511.8500.5495.7493.7492.8491.8491.5490.3
   
Total Basic Earnings Per Share Attributable to AEP Common Shareholders  $4.51$4.97$4.44$3.89$3.90$3.89$1.24$4.17
Weighted Average Number of Diluted AEP Common Shares Outstanding  513.5501.8497.2495.3493.8492.6491.7490.6
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders  $4.49$4.96$4.42$3.88$3.90$3.88$1.24$4.17
   
Common Stock, Dividends Per Share, Declared  $3.17$3.00$2.84$2.71$2.53$2.39$2.27$2.15
   
Revenues from Related Parties, Net of Provisions for Refund          
Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax          
   
Cash Flow Hedges, Tax          
Amortization of Pension and OPEB Deferred Costs, Tax          

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