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Consolidated Statements of Income (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Utility Operations $ 3,253,000,000 $ 3,235,000,000 $ 6,742,000,000 $ 6,598,000,000
Other Revenues 329,000,000 316,000,000 666,000,000 578,000,000
TOTAL REVENUES 3,582,000,000 3,551,000,000 7,408,000,000 7,176,000,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 908,000,000 904,000,000 1,939,000,000 1,957,000,000
Purchased Electricity for Resale 359,000,000 268,000,000 730,000,000 528,000,000
Other Operation 664,000,000 719,000,000 1,402,000,000 1,375,000,000
Maintenance 285,000,000 252,000,000 578,000,000 514,000,000
Asset Impairments and Other Related Charges 154,000,000 0 154,000,000 0
Depreciation and Amortization 443,000,000 460,000,000 863,000,000 883,000,000
Taxes Other Than Income Taxes 222,000,000 207,000,000 440,000,000 424,000,000
TOTAL EXPENSES 3,035,000,000 2,810,000,000 6,106,000,000 5,681,000,000
OPERATING INCOME (LOSS) 547,000,000 741,000,000 1,302,000,000 1,495,000,000
Other Income (Expense):        
Interest and Investment Income 49,000,000 2,000,000 52,000,000 4,000,000
Carrying Costs Income 8,000,000 11,000,000 12,000,000 31,000,000
Allowance for Equity Funds Used During Construction 17,000,000 24,000,000 32,000,000 47,000,000
Interest Expense (228,000,000) (235,000,000) (460,000,000) (464,000,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 393,000,000 543,000,000 938,000,000 1,113,000,000
Income Tax Expense (Credit) 68,000,000 190,000,000 263,000,000 379,000,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 14,000,000 10,000,000 28,000,000 19,000,000
NET INCOME (LOSS) 339,000,000 363,000,000 703,000,000 753,000,000
Net Income Attributable to Noncontrolling Interests 1,000,000 1,000,000 2,000,000 2,000,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 338,000,000 362,000,000 701,000,000 751,000,000
Earnings Per Share        
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 486,293,026 484,500,029 486,059,643 484,164,065
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 0.69 $ 0.75 $ 1.44 $ 1.55
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 486,763,615 484,860,690 486,555,121 484,554,779
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 0.69 $ 0.75 $ 1.44 $ 1.55
CASH DIVIDENDS DECLARED PER SHARE $ 0.49 $ 0.47 $ 0.96 $ 0.94
Appalachian Power Co [Member]
       
Revenues        
Utility Operations 670,249,000 647,236,000 1,542,981,000 1,385,835,000
Sales to AEP Affiliates 73,893,000 67,043,000 150,753,000 131,344,000
Other Revenues 2,362,000 2,182,000 4,264,000 4,758,000
TOTAL REVENUES 746,504,000 716,461,000 1,697,998,000 1,521,937,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 163,521,000 181,653,000 368,460,000 368,537,000
Purchased Electricity for Resale 59,487,000 44,869,000 124,943,000 110,225,000
Purchased Electricity from AEP Affiliates 181,856,000 125,864,000 404,798,000 281,881,000
Other Operation 79,764,000 72,685,000 158,672,000 147,004,000
Maintenance 58,560,000 37,830,000 157,946,000 84,165,000
Depreciation and Amortization 83,240,000 85,139,000 171,143,000 165,552,000
Taxes Other Than Income Taxes 28,004,000 24,995,000 55,404,000 51,957,000
TOTAL EXPENSES 654,432,000 573,035,000 1,441,366,000 1,209,321,000
OPERATING INCOME (LOSS) 92,072,000 143,426,000 256,632,000 312,616,000
Other Income (Expense):        
Interest Income 1,469,000 359,000 1,800,000 702,000
Carrying Costs Income 3,133,000 5,467,000 3,236,000 13,252,000
Allowance for Equity Funds Used During Construction 1,213,000 4,000 1,983,000 517,000
Interest Expense (48,128,000) (51,945,000) (96,332,000) (103,252,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 49,759,000 97,311,000 167,319,000 223,835,000
Income Tax Expense (Credit) 19,897,000 34,979,000 66,909,000 86,192,000
NET INCOME (LOSS) 29,862,000 62,332,000 100,410,000 137,643,000
Indiana Michigan Power Co [Member]
       
Revenues        
Utility Operations 490,301,000 435,965,000 980,904,000 871,992,000
Sales to AEP Affiliates 31,335,000 45,728,000 86,312,000 121,643,000
Other Revenues - Affiliated 26,815,000 29,052,000 62,640,000 59,763,000
Other Revenues 1,050,000 131,000 3,038,000 3,685,000
TOTAL REVENUES 549,501,000 510,876,000 1,132,894,000 1,057,083,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 85,030,000 96,715,000 189,895,000 209,085,000
Purchased Electricity for Resale 36,814,000 29,488,000 78,626,000 65,398,000
Purchased Electricity from AEP Affiliates 99,547,000 82,188,000 200,923,000 170,141,000
Other Operation 132,478,000 134,274,000 277,716,000 269,490,000
Maintenance 50,238,000 47,244,000 95,752,000 89,509,000
Depreciation and Amortization 45,696,000 37,560,000 86,598,000 71,539,000
Taxes Other Than Income Taxes 22,165,000 18,604,000 44,621,000 40,793,000
TOTAL EXPENSES 471,968,000 446,073,000 974,131,000 915,955,000
OPERATING INCOME (LOSS) 77,533,000 64,803,000 158,763,000 141,128,000
Other Income (Expense):        
Interest Income 2,662,000 524,000 4,717,000 1,775,000
Allowance for Equity Funds Used During Construction 4,881,000 2,324,000 10,527,000 5,335,000
Interest Expense (24,436,000) (25,373,000) (48,647,000) (50,426,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 60,640,000 42,278,000 125,360,000 97,812,000
Income Tax Expense (Credit) 19,886,000 12,468,000 41,149,000 28,781,000
NET INCOME (LOSS) 40,754,000 29,810,000 84,211,000 69,031,000
Ohio Power Co [Member]
       
Revenues        
Utility Operations 817,493,000 929,487,000 1,751,174,000 1,970,318,000
Sales to AEP Affiliates 274,390,000 172,561,000 560,032,000 354,318,000
Other Revenues - Affiliated 7,583,000 7,979,000 15,423,000 17,090,000
Other Revenues 3,528,000 3,723,000 10,155,000 9,247,000
TOTAL REVENUES 1,102,994,000 1,113,750,000 2,336,784,000 2,350,973,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 352,368,000 298,294,000 761,952,000 668,287,000
Purchased Electricity for Resale 37,158,000 52,104,000 80,343,000 110,238,000
Purchased Electricity from AEP Affiliates 73,290,000 81,818,000 153,671,000 170,501,000
Other Operation 137,265,000 162,086,000 321,452,000 292,428,000
Maintenance 72,997,000 74,015,000 147,292,000 154,619,000
Asset Impairments and Other Related Charges 154,304,000 0 154,304,000 0
Depreciation and Amortization 102,346,000 137,009,000 194,670,000 271,439,000
Taxes Other Than Income Taxes 100,194,000 98,420,000 205,215,000 203,838,000
TOTAL EXPENSES 1,029,922,000 903,746,000 2,018,899,000 1,871,350,000
OPERATING INCOME (LOSS) 73,072,000 210,004,000 317,885,000 479,623,000
Other Income (Expense):        
Interest Income 2,326,000 345,000 2,689,000 1,443,000
Carrying Costs Income 3,757,000 4,511,000 7,020,000 7,269,000
Allowance for Equity Funds Used During Construction 521,000 915,000 1,825,000 2,038,000
Interest Expense (47,244,000) (53,147,000) (97,417,000) (107,408,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 32,432,000 162,628,000 232,002,000 382,965,000
Income Tax Expense (Credit) 11,376,000 61,205,000 81,172,000 130,712,000
NET INCOME (LOSS) 21,056,000 101,423,000 150,830,000 252,253,000
Public Service Co Of Oklahoma [Member]
       
Revenues        
Utility Operations 317,302,000 311,310,000 577,205,000 603,832,000
Sales to AEP Affiliates 5,693,000 5,407,000 7,527,000 12,512,000
Other Revenues 1,692,000 594,000 2,244,000 1,498,000
TOTAL REVENUES 324,687,000 317,311,000 586,976,000 617,842,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 86,241,000 91,126,000 129,551,000 216,551,000
Purchased Electricity for Resale 58,835,000 44,822,000 123,490,000 70,264,000
Purchased Electricity from AEP Affiliates 6,823,000 4,260,000 17,039,000 10,458,000
Other Operation 53,659,000 48,880,000 101,466,000 95,859,000
Maintenance 24,753,000 24,853,000 53,325,000 53,178,000
Depreciation and Amortization 24,078,000 23,390,000 48,258,000 46,923,000
Taxes Other Than Income Taxes 11,827,000 10,681,000 21,824,000 21,820,000
TOTAL EXPENSES 266,216,000 248,012,000 494,953,000 515,053,000
OPERATING INCOME (LOSS) 58,471,000 69,299,000 92,023,000 102,789,000
Other Income (Expense):        
Interest Income 193,000 97,000 1,121,000 1,032,000
Carrying Costs Income 110,000 529,000 317,000 1,142,000
Allowance for Equity Funds Used During Construction 844,000 468,000 1,824,000 890,000
Interest Expense (13,259,000) (13,766,000) (26,599,000) (28,477,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 46,359,000 56,627,000 68,686,000 77,376,000
Income Tax Expense (Credit) 17,927,000 21,416,000 26,561,000 29,517,000
NET INCOME (LOSS) 28,432,000 35,211,000 42,125,000 47,859,000
Southwestern Electric Power Co [Member]
       
Revenues        
Utility Operations 408,852,000 383,659,000 790,129,000 723,362,000
Sales to AEP Affiliates 10,930,000 6,890,000 23,639,000 15,847,000
Other Revenues 391,000 397,000 722,000 723,000
TOTAL REVENUES 420,173,000 390,946,000 814,490,000 739,932,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 137,065,000 138,008,000 288,423,000 266,242,000
Purchased Electricity for Resale 43,008,000 26,574,000 82,768,000 62,041,000
Purchased Electricity from AEP Affiliates 4,925,000 4,589,000 5,942,000 10,844,000
Other Operation 60,795,000 54,067,000 120,243,000 105,660,000
Maintenance 32,280,000 29,757,000 60,071,000 51,019,000
Asset Impairments and Other Related Charges 0 13,000,000 0 13,000,000
Depreciation and Amortization 45,732,000 34,655,000 90,614,000 68,676,000
Taxes Other Than Income Taxes 19,336,000 17,320,000 38,758,000 34,106,000
TOTAL EXPENSES 343,141,000 317,970,000 686,819,000 611,588,000
OPERATING INCOME (LOSS) 77,032,000 72,976,000 127,671,000 128,344,000
Other Income (Expense):        
Interest Income 169,000 11,000 199,000 1,132,000
Allowance for Equity Funds Used During Construction 1,368,000 14,412,000 2,392,000 28,185,000
Interest Expense (33,547,000) (21,710,000) (67,537,000) (43,712,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 45,022,000 65,689,000 62,725,000 113,949,000
Income Tax Expense (Credit) 15,326,000 11,505,000 22,122,000 23,977,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 531,000 718,000 1,172,000 1,325,000
NET INCOME (LOSS) 30,227,000 54,902,000 41,775,000 91,297,000
Net Income Attributable to Noncontrolling Interests 1,056,000 1,061,000 2,146,000 2,144,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 29,171,000 $ 53,841,000 $ 39,629,000 $ 89,153,000