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Consolidated Statements of Income (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Vertically Integrated Utilities $ 2,236,000,000 $ 2,176,000,000 $ 4,785,000,000 $ 4,532,000,000
Transmission and Distribution Utilities 1,064,000,000 1,019,000,000 2,225,000,000 2,109,000,000
Generation & Marketing 573,000,000 298,000,000 1,394,000,000 556,000,000
Other Revenues 171,000,000 89,000,000 288,000,000 211,000,000
TOTAL REVENUES 4,044,000,000 3,582,000,000 8,692,000,000 7,408,000,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 1,043,000,000 908,000,000 2,211,000,000 1,939,000,000
Purchased Electricity for Resale 473,000,000 359,000,000 1,111,000,000 730,000,000
Other Operation 760,000,000 664,000,000 1,540,000,000 1,402,000,000
Maintenance 340,000,000 285,000,000 632,000,000 578,000,000
Asset Impairments and Other Related Charges 0 154,000,000 0 154,000,000
Depreciation and Amortization 443,000,000 443,000,000 934,000,000 863,000,000
Taxes Other Than Income Taxes 218,000,000 222,000,000 456,000,000 440,000,000
TOTAL EXPENSES 3,277,000,000 3,035,000,000 6,884,000,000 6,106,000,000
OPERATING INCOME (LOSS) 767,000,000 547,000,000 1,808,000,000 1,302,000,000
Other Income (Expense):        
Interest and Investment Income 3,000,000 49,000,000 4,000,000 52,000,000
Carrying Costs Income 9,000,000 8,000,000 15,000,000 12,000,000
Allowance for Equity Funds Used During Construction 25,000,000 17,000,000 47,000,000 32,000,000
Interest Expense (221,000,000) (228,000,000) (441,000,000) (460,000,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 583,000,000 393,000,000 1,433,000,000 938,000,000
Income Tax Expense (Credit) 215,000,000 68,000,000 522,000,000 263,000,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 23,000,000 14,000,000 41,000,000 28,000,000
NET INCOME (LOSS) 391,000,000 339,000,000 952,000,000 703,000,000
Net Income Attributable to Noncontrolling Interests 1,000,000 1,000,000 2,000,000 2,000,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 390,000,000 338,000,000 950,000,000 701,000,000
Earnings Per Share        
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 488,291,576 486,293,026 488,080,505 486,059,643
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 0.80 $ 0.69 $ 1.95 $ 1.44
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 488,538,227 486,763,615 488,405,869 486,555,121
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 0.80 $ 0.69 $ 1.95 $ 1.44
CASH DIVIDENDS DECLARED PER SHARE $ 0.5 $ 0.49 $ 1 $ 0.96
Appalachian Power Co [Member]
       
Revenues        
Vertically Integrated Utilities 664,051,000 670,249,000 1,530,508,000 1,542,981,000
Sales to AEP Affiliates 28,070,000 73,893,000 72,984,000 150,753,000
Other Revenues 2,547,000 2,362,000 4,567,000 4,264,000
TOTAL REVENUES 694,668,000 746,504,000 1,608,059,000 1,697,998,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 202,903,000 163,521,000 433,640,000 368,460,000
Purchased Electricity for Resale 86,033,000 59,487,000 255,024,000 124,943,000
Purchased Electricity from AEP Affiliates 0 181,856,000 4,662,000 404,798,000
Other Operation 99,896,000 79,764,000 193,434,000 158,672,000
Maintenance 69,484,000 58,560,000 129,574,000 157,946,000
Depreciation and Amortization 95,650,000 83,240,000 200,236,000 171,143,000
Taxes Other Than Income Taxes 30,025,000 28,004,000 60,802,000 55,404,000
TOTAL EXPENSES 583,991,000 654,432,000 1,277,372,000 1,441,366,000
OPERATING INCOME (LOSS) 110,677,000 92,072,000 330,687,000 256,632,000
Other Income (Expense):        
Interest Income 389,000 1,469,000 790,000 1,800,000
Carrying Costs Income 263,000 3,133,000 (1,612,000) 3,236,000
Allowance for Equity Funds Used During Construction 1,625,000 1,213,000 2,860,000 1,983,000
Interest Expense (53,130,000) (48,128,000) (104,802,000) (96,332,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 59,824,000 49,759,000 227,923,000 167,319,000
Income Tax Expense (Credit) 23,577,000 19,897,000 89,825,000 66,909,000
NET INCOME (LOSS) 36,247,000 29,862,000 138,098,000 100,410,000
Indiana Michigan Power Co [Member]
       
Revenues        
Vertically Integrated Utilities 506,997,000 490,301,000 1,121,840,000 980,904,000
Sales to AEP Affiliates 1,068,000 31,335,000 3,352,000 86,312,000
Other Revenues - Affiliated 25,262,000 26,815,000 49,989,000 62,640,000
Other Revenues 549,000 1,050,000 549,000 3,038,000
TOTAL REVENUES 533,876,000 549,501,000 1,175,730,000 1,132,894,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 113,700,000 85,030,000 270,343,000 189,895,000
Purchased Electricity for Resale 27,086,000 36,814,000 32,448,000 78,626,000
Purchased Electricity from AEP Affiliates 65,190,000 99,547,000 137,246,000 200,923,000
Other Operation 146,272,000 132,478,000 287,622,000 277,716,000
Maintenance 54,246,000 50,238,000 102,811,000 95,752,000
Depreciation and Amortization 49,446,000 45,696,000 99,477,000 86,598,000
Taxes Other Than Income Taxes 20,803,000 22,165,000 42,626,000 44,621,000
TOTAL EXPENSES 476,743,000 471,968,000 972,573,000 974,131,000
OPERATING INCOME (LOSS) 57,133,000 77,533,000 203,157,000 158,763,000
Other Income (Expense):        
Interest Income 1,729,000 2,662,000 2,778,000 4,717,000
Allowance for Equity Funds Used During Construction 4,804,000 4,881,000 8,768,000 10,527,000
Interest Expense (23,705,000) (24,436,000) (49,338,000) (48,647,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 39,961,000 60,640,000 165,365,000 125,360,000
Income Tax Expense (Credit) 12,627,000 19,886,000 50,942,000 41,149,000
NET INCOME (LOSS) 27,334,000 40,754,000 114,423,000 84,211,000
Ohio Power Co [Member]
       
Revenues        
Transmission and Distribution Utilities 739,962,000 817,493,000 1,586,868,000 1,751,174,000
Sales to AEP Affiliates 44,443,000 274,390,000 76,421,000 560,032,000
Other Revenues - Affiliated 0 7,583,000 0 15,423,000
Other Revenues 1,756,000 3,528,000 3,064,000 10,155,000
TOTAL REVENUES 786,161,000 1,102,994,000 1,666,353,000 2,336,784,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 0 352,368,000 0 761,952,000
Purchased Electricity for Resale 64,059,000 37,158,000 143,189,000 80,343,000
Purchased Electricity from AEP Affiliates 267,631,000 73,290,000 581,755,000 153,671,000
Amortization of Generation Deferrals 24,977,000 0 56,163,000 0
Other Operation 131,485,000 137,265,000 282,911,000 321,452,000
Maintenance 48,590,000 72,997,000 83,241,000 147,292,000
Asset Impairments and Other Related Charges 0 154,304,000 0 154,304,000
Depreciation and Amortization 51,485,000 102,346,000 110,184,000 194,670,000
Taxes Other Than Income Taxes 83,913,000 100,194,000 179,170,000 205,215,000
TOTAL EXPENSES 672,140,000 1,029,922,000 1,436,613,000 2,018,899,000
OPERATING INCOME (LOSS) 114,021,000 73,072,000 229,740,000 317,885,000
Other Income (Expense):        
Interest Income 2,899,000 2,326,000 6,173,000 2,689,000
Carrying Costs Income 6,874,000 3,757,000 13,988,000 7,020,000
Allowance for Equity Funds Used During Construction 1,342,000 521,000 3,068,000 1,825,000
Interest Expense (32,759,000) (47,244,000) (65,766,000) (97,417,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 92,377,000 32,432,000 187,203,000 232,002,000
Income Tax Expense (Credit) 35,842,000 11,376,000 69,894,000 81,172,000
NET INCOME (LOSS) 56,535,000 21,056,000 117,309,000 150,830,000
Public Service Co Of Oklahoma [Member]
       
Revenues        
Vertically Integrated Utilities 316,524,000 317,302,000 613,234,000 577,205,000
Sales to AEP Affiliates 854,000 5,693,000 5,451,000 7,527,000
Other Revenues 1,437,000 1,692,000 1,515,000 2,244,000
TOTAL REVENUES 318,815,000 324,687,000 620,200,000 586,976,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 41,612,000 86,241,000 107,549,000 129,551,000
Purchased Electricity for Resale 104,604,000 58,835,000 184,295,000 123,490,000
Purchased Electricity from AEP Affiliates 0 6,823,000 11,024,000 17,039,000
Other Operation 62,785,000 53,659,000 121,496,000 101,466,000
Maintenance 29,678,000 24,753,000 54,423,000 53,325,000
Depreciation and Amortization 24,607,000 24,078,000 48,589,000 48,258,000
Taxes Other Than Income Taxes 6,651,000 11,827,000 18,620,000 21,824,000
TOTAL EXPENSES 269,937,000 266,216,000 545,996,000 494,953,000
OPERATING INCOME (LOSS) 48,878,000 58,471,000 74,204,000 92,023,000
Other Income (Expense):        
Interest Income 4,000 193,000 1,000 1,121,000
Carrying Costs Income 0 110,000 0 317,000
Allowance for Equity Funds Used During Construction 590,000 844,000 2,021,000 1,824,000
Interest Expense (13,779,000) (13,259,000) (27,096,000) (26,599,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 35,693,000 46,359,000 49,130,000 68,686,000
Income Tax Expense (Credit) 13,244,000 17,927,000 18,233,000 26,561,000
NET INCOME (LOSS) 22,449,000 28,432,000 30,897,000 42,125,000
Southwestern Electric Power Co [Member]
       
Revenues        
Vertically Integrated Utilities 444,652,000 408,852,000 871,279,000 790,129,000
Sales to AEP Affiliates 3,947,000 10,930,000 17,545,000 23,639,000
Other Revenues 684,000 391,000 1,049,000 722,000
TOTAL REVENUES 449,283,000 420,173,000 889,873,000 814,490,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 161,116,000 137,065,000 306,703,000 288,423,000
Purchased Electricity for Resale 40,255,000 43,008,000 101,420,000 82,768,000
Purchased Electricity from AEP Affiliates 0 4,925,000 3,766,000 5,942,000
Other Operation 69,304,000 60,795,000 137,841,000 120,243,000
Maintenance 33,668,000 32,280,000 64,079,000 60,071,000
Depreciation and Amortization 45,864,000 45,732,000 91,525,000 90,614,000
Taxes Other Than Income Taxes 20,289,000 19,336,000 41,026,000 38,758,000
TOTAL EXPENSES 370,496,000 343,141,000 746,360,000 686,819,000
OPERATING INCOME (LOSS) 78,787,000 77,032,000 143,513,000 127,671,000
Other Income (Expense):        
Interest Income 206,000 169,000 92,000 199,000
Allowance for Equity Funds Used During Construction 2,197,000 1,368,000 4,278,000 2,392,000
Interest Expense (31,738,000) (33,547,000) (63,614,000) (67,537,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 49,452,000 45,022,000 84,269,000 62,725,000
Income Tax Expense (Credit) 17,045,000 15,326,000 29,210,000 22,122,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 416,000 531,000 726,000 1,172,000
NET INCOME (LOSS) 32,823,000 30,227,000 55,785,000 41,775,000
Net Income Attributable to Noncontrolling Interests 1,126,000 1,056,000 2,228,000 2,146,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 31,697,000 $ 29,171,000 $ 53,557,000 $ 39,629,000