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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Revenue from Contracts with Customers $ 4,315.0 $ 4,333.1 $ 11,945.4 $ 12,394.6
Sales to AEP Affiliates 0.0 0.0 0.0 0.0
TOTAL REVENUES 4,315.0 4,333.1 11,945.4 12,394.6
Expenses        
Other Operation 708.3 826.0 1,981.7 2,332.7
Maintenance 267.7 316.6 890.9 911.0
Depreciation and Amortization 645.2 602.6 1,873.6 1,695.5
Taxes Other Than Income Taxes 320.5 294.2 932.7 863.0
TOTAL EXPENSES 3,356.8 3,664.5 9,647.8 10,263.0
OPERATING INCOME (LOSS) 958.2 668.6 2,297.6 2,131.6
Other Income (Expense):        
Other Income 3.2 6.3 18.4 18.5
Allowance for Equity Funds Used During Construction 43.0 30.9 122.3 92.4
Non-Service Cost Components of Net Periodic Benefit Cost 30.0 31.9 90.0 95.3
Interest Expense (275.1) (256.8) (781.6) (733.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 759.3 480.9 1,746.7 1,604.7
Income Tax Expense (Benefit) 40.6 (80.7) 30.7 93.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries 15.2 18.1 51.1 55.3
Net Income (Loss) 733.9 579.7 1,767.1 1,566.5
Net Income (Loss) Attributable to Noncontrolling Interests 0.4 2.1 (0.5) 6.1
Earnings Attributable to Common Shareholders $ 733.5 $ 577.6 $ 1,767.6 $ 1,560.4
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 493,839,034 492,984,741 493,579,430 492,649,456
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.49 $ 1.17 $ 3.58 $ 3.17
Weighted Average Number of Diluted AEP Common Shares Outstanding 495,461,509 493,940,543 495,105,986 493,526,937
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.48 $ 1.17 $ 3.57 $ 3.16
Common Stock, Dividends Per Share, Declared $ 0.67 $ 0.62    
Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers $ 2,598.9 $ 2,610.2 $ 7,087.6 $ 7,332.4
Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 1,147.3 1,180.9 3,328.7 3,450.0
Generation and Marketing [Member]        
Revenues        
Revenue from Contracts with Customers 501.2 486.5 1,323.8 1,399.3
Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 67.6 55.5 205.3 212.9
Fuel and Other Consumables Used for Electric Generation [Member]        
Revenues        
Revenue from Contracts with Customers 274.2 [1] 240.8 [2] 838.4 [3] 944.7 [4]
Expenses        
Cost of Goods and Services Sold 631.2 840.4 1,662.5 1,909.1
Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 783.9 784.7 2,306.4 2,551.7
AEP Texas Inc. [Member]        
Revenues        
Sales to AEP Affiliates 42.7 27.5 125.1 63.3
TOTAL REVENUES 489.3 433.4 1,318.0 1,193.3
Expenses        
Other Operation 128.2 133.4 349.2 368.4
Maintenance 21.7 23.2 136.9 67.8
Depreciation and Amortization 170.2 133.3 464.8 364.9
Taxes Other Than Income Taxes 39.8 36.3 110.3 102.3
TOTAL EXPENSES 371.1 339.4 1,090.3 931.3
OPERATING INCOME (LOSS) 118.2 94.0 227.7 262.0
Other Income (Expense):        
Interest Income 0.4 0.5 1.5 0.0
Allowance for Equity Funds Used During Construction 5.1 5.8 8.3 15.2
Non-Service Cost Components of Net Periodic Benefit Cost 2.8 3.1 8.4 9.2
Interest Expense (35.8) (37.3) (92.7) (108.9)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 90.7 66.1 153.2 177.5
Income Tax Expense (Benefit) 13.7 8.3 (38.8) 26.4
Net Income (Loss) 77.0 57.8 192.0 151.1
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 445.4 404.5 1,190.3 1,127.0
AEP Texas Inc. [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.2 1.4 2.6 3.0
AEP Texas Inc. [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Expenses        
Cost of Goods and Services Sold 11.2 13.2 29.1 27.9
AEP Transmission Co [Member]        
Revenues        
Sales to AEP Affiliates 205.7 148.4 608.0 453.8
TOTAL REVENUES 259.7 194.4 770.1 586.2
Expenses        
Other Operation 26.0 24.5 61.7 59.6
Maintenance 3.2 2.8 8.9 7.6
Depreciation and Amortization 45.3 34.9 128.4 97.5
Taxes Other Than Income Taxes 42.9 35.2 126.2 102.9
TOTAL EXPENSES 117.4 97.4 325.2 267.6
OPERATING INCOME (LOSS) 142.3 97.0 444.9 318.6
Other Income (Expense):        
Interest Income 0.8 0.5 2.1 1.3
Allowance for Equity Funds Used During Construction 21.0 18.0 61.1 48.7
Interest Expense (26.4) (19.8) (69.5) (60.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 137.7 95.7 438.6 307.9
Income Tax Expense (Benefit) 30.1 17.6 90.7 63.7
Net Income (Loss) 107.6 78.1 347.9 244.2
AEP Transmission Co [Member] | Transmission [Member]        
Revenues        
Revenue from Contracts with Customers 54.0 46.0 162.1 132.3
AEP Transmission Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.1
AEP Transmission Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Appalachian Power Co [Member]        
Revenues        
Sales to AEP Affiliates 56.6 42.9 154.6 138.7
TOTAL REVENUES 755.5 762.0 2,204.1 2,249.4
Expenses        
Other Operation 140.4 131.9 416.2 380.0
Maintenance 61.5 97.2 184.3 234.9
Depreciation and Amortization 118.7 105.7 348.3 319.5
Taxes Other Than Income Taxes 36.7 33.6 108.5 101.1
TOTAL EXPENSES 612.9 712.2 1,832.5 1,874.0
OPERATING INCOME (LOSS) 142.6 49.8 371.6 375.4
Other Income (Expense):        
Interest Income 0.3 0.4 2.1 1.3
Carrying Costs Income 0.0 0.2 0.0 1.2
Allowance for Equity Funds Used During Construction 4.8 4.1 12.5 9.6
Non-Service Cost Components of Net Periodic Benefit Cost 4.3 4.5 12.8 13.4
Interest Expense (51.6) (50.8) (152.5) (146.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 100.4 8.2 246.5 254.9
Income Tax Expense (Benefit) (3.9) (78.9) (47.0) (35.1)
Net Income (Loss) 104.3 87.1 293.5 290.0
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 696.7 716.8 2,041.3 2,103.1
Appalachian Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.2 2.3 8.2 7.6
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Revenues        
Revenue from Contracts with Customers 70.4 [5] 74.5 [6] 200.1 [7] 194.1 [8]
Sales to AEP Affiliates 32.0 30.0 96.0 100.0
Expenses        
Cost of Goods and Services Sold 177.3 263.4 521.8 487.7
Appalachian Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 78.3 80.4 253.4 350.8
Indiana Michigan Power Co [Member]        
Revenues        
Sales to AEP Affiliates 2.7 3.4 7.3 18.9
Other Revenues - Affiliated 16.2 13.7 50.4 43.3
TOTAL REVENUES 611.1 629.7 1,768.5 1,796.2
Expenses        
Purchased Electricity from AEP Affiliates 61.0 60.0 172.1 181.8
Other Operation 172.7 149.3 467.7 425.8
Maintenance 50.9 57.2 163.8 169.1
Depreciation and Amortization 88.1 85.2 261.6 207.1
Taxes Other Than Income Taxes 25.1 23.0 78.6 72.9
TOTAL EXPENSES 503.8 519.5 1,468.3 1,471.2
OPERATING INCOME (LOSS) 107.3 110.2 300.2 325.0
Other Income (Expense):        
Other Income 3.5 6.1 15.3 15.4
Allowance for Equity Funds Used During Construction     16.4 8.0
Non-Service Cost Components of Net Periodic Benefit Cost 4.5 4.6 13.3 13.6
Interest Expense (28.8) (34.5) (85.9) (95.6)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 86.5 86.4 242.9 258.4
Income Tax Expense (Benefit) (2.3) 13.7 (5.1) 26.8
Net Income (Loss) 88.8 72.7 248.0 231.6
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 589.1 609.9 1,703.2 1,723.9
Indiana Michigan Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 3.1 2.7 7.6 10.1
Sales to AEP Affiliates 20.0 17.0 57.0 57.0
Indiana Michigan Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Revenues        
Revenue from Contracts with Customers 102.1 [5] 93.6 [6] 327.4 [7] 349.7 [8]
Expenses        
Cost of Goods and Services Sold 61.2 95.9 161.2 246.8
Indiana Michigan Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 44.8 48.9 163.3 167.7
Ohio Power Co [Member]        
Revenues        
Sales to AEP Affiliates 9.0 3.3 18.2 17.9
TOTAL REVENUES 710.6 778.3 2,154.0 2,318.0
Expenses        
Purchased Electricity from AEP Affiliates 40.6 39.3 120.4 97.4
Amortization of Generation Deferrals 8.8 56.9 65.3 171.9
Other Operation 194.9 215.2 565.7 586.4
Maintenance 40.0 43.4 106.7 114.7
Depreciation and Amortization 57.4 70.4 176.8 200.3
Taxes Other Than Income Taxes 112.0 106.9 326.9 311.0
TOTAL EXPENSES 612.0 698.4 1,815.8 2,016.4
OPERATING INCOME (LOSS) 98.6 79.9 338.2 301.6
Other Income (Expense):        
Interest Income 0.8 0.8 2.7 2.6
Carrying Costs Income 0.3 0.2 0.7 1.5
Allowance for Equity Funds Used During Construction 4.8 2.0 14.1 7.8
Non-Service Cost Components of Net Periodic Benefit Cost 3.7 3.8 11.0 11.6
Interest Expense (27.9) (26.1) (78.1) (76.6)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 80.3 60.6 288.6 248.5
Income Tax Expense (Benefit) 11.2 (28.1) 40.9 11.4
Net Income (Loss) 69.1 88.7 247.7 237.1
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 698.6 772.6 2,127.4 2,294.8
Ohio Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 3.0 2.4 8.4 5.3
Ohio Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 158.3 166.3 454.0 534.7
Public Service Co Of Oklahoma [Member]        
Revenues        
Sales to AEP Affiliates 1.3 1.1 5.0 3.7
TOTAL REVENUES 493.0 481.4 1,173.9 1,216.5
Expenses        
Other Operation 87.6 106.3 226.0 286.8
Maintenance 21.5 22.3 70.1 73.2
Depreciation and Amortization 39.1 42.3 125.4 120.5
Taxes Other Than Income Taxes 11.1 10.8 33.0 32.6
TOTAL EXPENSES 373.0 402.9 976.4 1,076.9
OPERATING INCOME (LOSS) 120.0 78.5 197.5 139.6
Other Income (Expense):        
Other Income 1.2 (0.2) 2.1 (0.3)
Allowance for Equity Funds Used During Construction     1.5 (0.3)
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.1 6.3 6.5
Interest Expense (16.1) (16.4) (50.3) (47.4)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 107.2 64.0 155.6 98.4
Income Tax Expense (Benefit) 6.9 3.6 7.2 8.6
Net Income (Loss) 100.3 60.4 148.4 89.8
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 490.5 479.1 1,164.3 1,209.5
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.2 1.2 4.6 3.3
Public Service Co Of Oklahoma [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Revenues        
Revenue from Contracts with Customers 21.1 [5] 12.5 [6] 35.5 [7] 26.7 [8]
Expenses        
Cost of Goods and Services Sold 98.4 104.4 181.2 211.5
Public Service Co Of Oklahoma [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 115.3 116.8 340.7 352.3
Southwestern Electric Power Co [Member]        
Revenues        
Sales to AEP Affiliates 8.8 8.7 21.6 20.2
Provision for Refund (0.1) 0.0 (25.3) 0.0
TOTAL REVENUES 545.5 535.3 1,342.1 1,411.8
Expenses        
Other Operation 91.9 99.1 242.4 292.0
Maintenance 35.9 33.6 104.1 102.2
Depreciation and Amortization 63.2 59.9 187.1 175.9
Taxes Other Than Income Taxes 26.2 26.9 76.0 76.4
TOTAL EXPENSES 410.8 408.2 1,120.3 1,172.6
OPERATING INCOME (LOSS) 134.7 127.1 221.8 239.2
Other Income (Expense):        
Interest Income 0.6 1.1 2.0 3.5
Allowance for Equity Funds Used During Construction 1.6 0.6 4.5 3.8
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.3 6.4 6.9
Interest Expense (29.2) (32.7) (89.4) (95.8)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 109.8 98.4 145.3 157.6
Income Tax Expense (Benefit) (0.7) 9.6 0.0 17.9
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.8 0.8 2.3 2.0
Net Income (Loss) 111.3 89.6 147.6 141.7
Net Income (Loss) Attributable to Noncontrolling Interests 0.8 1.4 3.1 4.1
Earnings Attributable to Common Shareholders 110.5 88.2 144.5 137.6
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 536.5 526.0 1,344.8 1,390.4
Southwestern Electric Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.3 0.6 1.0 1.2
Southwestern Electric Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Revenues        
Revenue from Contracts with Customers 50.7 [5] 53.2 [6] 152.7 [7] 168.8 [8]
Expenses        
Cost of Goods and Services Sold 148.8 152.1 400.2 393.4
Southwestern Electric Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold $ 44.8 $ 36.6 $ 110.5 $ 132.7
[1]
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $34 million. The remaining affiliated amounts were immaterial.
[2]
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $35 million. The remaining affiliated amounts were immaterial.
[3]
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $105 million. The remaining affiliated amounts were immaterial.
[4] Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $87 million. The remaining affiliated amounts were immaterial
[5]
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $32 million primarily relating to the PPA with Kingsport. The remaining affiliated amounts were immaterial.
[6]
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $30 million primarily relating to the PPA with Kingsport. The remaining affiliated amounts were immaterial.
[7]
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $96 million primarily relating to the PPA with Kingsport. The remaining affiliated amounts were immaterial.
[8]
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $100 million primarily relating to the PPA with Kingsport. The remaining affiliated amounts were immaterial.