XML 79 R39.htm IDEA: XBRL DOCUMENT v3.19.1
Significant Accounting Matters (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 63 Months Ended 90 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2018
Jun. 30, 2018
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2017
Amounts Attributable to AEP Common Shareholders                
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 572.8 $ 454.4            
Weighted Average Number of Basic AEP Common Shares Outstanding 493,309,076 492,267,402            
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.16 $ 0.92            
Weighted Average Dilutive Effect of:                
Weighted Average Number of Diluted AEP Common Shares Outstanding 494,484,144 493,127,300            
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.16 $ 0.92            
Cash, Cash Equivalents and Restricted Cash                
Cash and Cash Equivalents $ 227.7       $ 227.7 $ 234.1    
Restricted Cash         135.4 210.0    
Total Cash, Cash Equivalents and Restricted Cash         363.1 444.1    
Total Cash, Cash Equivalents and Restricted Cash         363.1 444.1 $ 316.5 $ 412.6
Revenues                
TOTAL REVENUES 4,056.8 $ 4,048.3            
Expenses                
Depreciation and Amortization 605.8 539.7            
TOTAL EXPENSES 3,268.4 3,342.3            
OPERATING INCOME (LOSS) 788.4 706.0            
Nonoperating Income (Expense)                
Allowance for Equity Funds Used During Construction 28.9 30.7            
Interest Expense (255.8) (234.0)            
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 600.1 540.2            
Income Tax Expense (Benefit) 44.5 102.0            
NET INCOME (LOSS) 574.1 456.7            
Operating Activities                
NET INCOME (LOSS) 574.1 456.7            
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities                
Utilities Operating Expense, Depreciation and Amortization 605.8 539.7            
Deferred Income Taxes 16.8 87.3            
Allowance for Equity Funds Used During Construction (28.9) (30.7)            
Change in Other Noncurrent Assets (47.9) (59.8)            
Change in Other Noncurrent Liabilities 67.3 133.3            
Accounts Receivable, Net 57.5 39.7            
Accounts Payable (152.6) (129.3)            
Accrued Taxes, Net (77.0) (74.3)            
Net Cash Flows from (Used for) Operating Activities 808.3 802.2            
Investing Activities                
Net Cash Flows from (Used for) Investing Activities (1,582.8) (1,927.8)            
Financing Activities                
Net Cash Flows from (Used for) Financing Activities 693.5 1,029.5            
Cash and Cash Equivalents at Beginning of Period 234.1              
Cash and Cash Equivalents at End of Period 227.7              
Supplementary Information                
Construction in Progress Expenditures Incurred but Not yet Paid $ 846.3 $ 799.9            
Organization and Summary of Significant Accounting Policies (Textuals)                
Antidilutive Shares Outstanding 0 0            
NET INCOME (LOSS) $ 574.1 $ 456.7            
Retained Earnings         9,565.6 9,325.3    
Restricted Stock Units and Performance Share Units [Member]                
Weighted Average Dilutive Effect of:                
Weighted Average Dilutive Effect of Shares 1,200,000 800,000            
Dilutive Securities, Effect on Basic Earnings Per Share $ 0 $ 0            
AEP Transmission Co [Member]                
Cash, Cash Equivalents and Restricted Cash                
Cash and Cash Equivalents $ 0.0 $ 0.0 $ 0.0   0.0 0.0 0.0 0.0
Revenues                
TOTAL REVENUES 243.5 191.7 [1],[2]            
Expenses                
Depreciation and Amortization 40.3 30.3            
TOTAL EXPENSES 101.9 80.6            
OPERATING INCOME (LOSS) 141.6 111.1            
Nonoperating Income (Expense)                
Allowance for Equity Funds Used During Construction 11.3 14.9            
Interest Expense (21.7) (20.3) [1]            
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 131.9 106.1            
Income Tax Expense (Benefit) 27.6 22.0 [1]            
NET INCOME (LOSS) 104.3 84.1 [1]            
Operating Activities                
NET INCOME (LOSS) 104.3 84.1 [1]            
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities                
Utilities Operating Expense, Depreciation and Amortization 40.3 30.3            
Deferred Income Taxes 14.5 15.5            
Allowance for Equity Funds Used During Construction (11.3) (14.9)            
Change in Other Noncurrent Assets 2.7 2.9            
Change in Other Noncurrent Liabilities 2.2 23.9            
Accounts Receivable, Net (8.2) (9.6)            
Accounts Payable 11.4 (10.7)            
Accrued Taxes, Net (32.1) (34.0)            
Net Cash Flows from (Used for) Operating Activities 166.2 127.1            
Investing Activities                
Net Cash Flows from (Used for) Investing Activities (343.8) (458.4)            
Financing Activities                
Net Cash Flows from (Used for) Financing Activities 177.6 331.3            
Net Increase (Decrease) in Cash and Cash Equivalents 0.0 0.0            
Cash and Cash Equivalents at Beginning of Period 0.0 0.0            
Cash and Cash Equivalents at End of Period 0.0 0.0 0.0          
Supplementary Information                
Construction in Progress Expenditures Incurred but Not yet Paid 261.1 213.8            
Organization and Summary of Significant Accounting Policies (Textuals)                
NET INCOME (LOSS) 104.3 84.1 [1]            
Retained Earnings         1,193.5 1,089.2    
AEP Texas Inc. [Member]                
Cash, Cash Equivalents and Restricted Cash                
Cash and Cash Equivalents 3.1       0.1 3.1    
Restricted Cash         100.6 156.7    
Total Cash, Cash Equivalents and Restricted Cash         100.7 159.8    
Total Cash, Cash Equivalents and Restricted Cash         100.7 159.8 107.2 157.2
Revenues                
TOTAL REVENUES 390.7 371.6            
Expenses                
Depreciation and Amortization 138.9 110.0            
TOTAL EXPENSES 319.9 289.8            
OPERATING INCOME (LOSS) 70.8 81.8            
Nonoperating Income (Expense)                
Allowance for Equity Funds Used During Construction 1.8 5.5            
Interest Expense (37.4) (35.0)            
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 38.4 55.9            
Income Tax Expense (Benefit) 4.0 9.1            
NET INCOME (LOSS) 34.4 46.8            
Operating Activities                
NET INCOME (LOSS) 34.4 46.8            
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities                
Utilities Operating Expense, Depreciation and Amortization 138.9 110.0            
Deferred Income Taxes (11.0) (4.4)            
Allowance for Equity Funds Used During Construction (1.8) (5.5)            
Change in Other Noncurrent Assets (3.2) (12.7)            
Change in Other Noncurrent Liabilities (5.7) 6.5            
Accounts Receivable, Net (7.8) 1.8            
Accounts Payable 4.2 (25.9)            
Accrued Taxes, Net 57.5 25.2            
Net Cash Flows from (Used for) Operating Activities 126.8 79.0            
Investing Activities                
Net Cash Flows from (Used for) Investing Activities (336.6) (364.4)            
Financing Activities                
Net Cash Flows from (Used for) Financing Activities 150.7 235.4            
Cash and Cash Equivalents at Beginning of Period 3.1              
Cash and Cash Equivalents at End of Period 0.1              
Supplementary Information                
Construction in Progress Expenditures Incurred but Not yet Paid 195.7 169.3            
Organization and Summary of Significant Accounting Policies (Textuals)                
NET INCOME (LOSS) 34.4 46.8            
Retained Earnings         1,372.1 1,337.7    
Appalachian Power Co [Member]                
Cash, Cash Equivalents and Restricted Cash                
Cash and Cash Equivalents 2.9       2.9 4.2    
Restricted Cash         18.3 25.6    
Total Cash, Cash Equivalents and Restricted Cash         21.2 29.8 11.3 19.2
Revenues                
TOTAL REVENUES 792.8 820.4            
Expenses                
Depreciation and Amortization 112.5 108.5            
TOTAL EXPENSES 640.7 627.4            
OPERATING INCOME (LOSS) 152.1 193.0            
Nonoperating Income (Expense)                
Allowance for Equity Funds Used During Construction 1.7 2.6            
Interest Expense (49.3) (47.4)            
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 109.6 153.5            
Income Tax Expense (Benefit) (24.1) 28.0            
NET INCOME (LOSS) 133.7 125.5            
Operating Activities                
NET INCOME (LOSS) 133.7 125.5            
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities                
Utilities Operating Expense, Depreciation and Amortization 112.5 108.5            
Deferred Income Taxes (45.0) 11.0            
Allowance for Equity Funds Used During Construction (1.7) (2.6)            
Change in Other Noncurrent Assets (12.1) 3.9            
Change in Other Noncurrent Liabilities (20.5) 37.9            
Accounts Receivable, Net 19.5 (14.2)            
Accounts Payable (8.3) (21.6)            
Accrued Taxes, Net 13.7 17.8            
Net Cash Flows from (Used for) Operating Activities 250.5 199.5            
Investing Activities                
Net Cash Flows from (Used for) Investing Activities (383.5) (214.1)            
Financing Activities                
Net Cash Flows from (Used for) Financing Activities 124.4 6.7            
Cash and Cash Equivalents at Beginning of Period 4.2              
Cash and Cash Equivalents at End of Period 2.9              
Supplementary Information                
Construction in Progress Expenditures Incurred but Not yet Paid 87.8 94.5            
Organization and Summary of Significant Accounting Policies (Textuals)                
NET INCOME (LOSS) 133.7 125.5            
Retained Earnings         2,005.7 1,922.0    
Ohio Power Co [Member]                
Cash, Cash Equivalents and Restricted Cash                
Cash and Cash Equivalents 3.3       3.3 4.9    
Restricted Cash         16.5 27.6    
Total Cash, Cash Equivalents and Restricted Cash         19.8 32.5 17.3 29.7
Revenues                
TOTAL REVENUES 836.8 790.9            
Expenses                
Depreciation and Amortization 63.3 64.8            
TOTAL EXPENSES 674.3 673.6            
OPERATING INCOME (LOSS) 162.5 117.3            
Nonoperating Income (Expense)                
Allowance for Equity Funds Used During Construction 5.2 2.5            
Interest Expense (24.6) (25.2)            
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 147.8 100.1            
Income Tax Expense (Benefit) 19.8 20.5            
NET INCOME (LOSS) 128.0 79.6            
Operating Activities                
NET INCOME (LOSS) 128.0 79.6            
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities                
Utilities Operating Expense, Depreciation and Amortization 63.3 64.8            
Deferred Income Taxes 10.1 (4.9)            
Allowance for Equity Funds Used During Construction (5.2) (2.5)            
Change in Other Noncurrent Assets (7.3) 14.3            
Change in Other Noncurrent Liabilities 17.6 40.6            
Accounts Receivable, Net 31.7 38.8            
Accounts Payable (23.9) (22.5)            
Accrued Taxes, Net (114.4) (92.8)            
Net Cash Flows from (Used for) Operating Activities 117.2 184.8            
Investing Activities                
Net Cash Flows from (Used for) Investing Activities (194.8) (366.9)            
Financing Activities                
Net Cash Flows from (Used for) Financing Activities 64.9 169.7            
Cash and Cash Equivalents at Beginning of Period 4.9              
Cash and Cash Equivalents at End of Period 3.3              
Supplementary Information                
Construction in Progress Expenditures Incurred but Not yet Paid 72.8 52.3            
Organization and Summary of Significant Accounting Policies (Textuals)                
NET INCOME (LOSS) $ 128.0 79.6            
Retained Earnings         $ 1,239.4 $ 1,136.4    
Previously Reported [Member] | AEP Transmission Co [Member]                
Cash, Cash Equivalents and Restricted Cash                
Cash and Cash Equivalents   0.0 0.0       0.0 0.0
Revenues                
TOTAL REVENUES   193.5            
Expenses                
Depreciation and Amortization   30.6            
TOTAL EXPENSES   80.9            
OPERATING INCOME (LOSS)   112.6            
Nonoperating Income (Expense)                
Allowance for Equity Funds Used During Construction   15.3            
Interest Expense   (19.9)            
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS   108.4            
Income Tax Expense (Benefit)   22.5            
NET INCOME (LOSS)   85.9            
Operating Activities                
NET INCOME (LOSS)   85.9            
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities                
Utilities Operating Expense, Depreciation and Amortization   30.6            
Deferred Income Taxes   15.7            
Allowance for Equity Funds Used During Construction   (15.3)            
Change in Other Noncurrent Assets   2.7            
Accounts Receivable, Net   (10.1)            
Accounts Payable   (12.3)            
Accrued Taxes, Net   (33.6)            
Net Cash Flows from (Used for) Operating Activities   127.1            
Investing Activities                
Net Cash Flows from (Used for) Investing Activities   (458.4)            
Financing Activities                
Net Cash Flows from (Used for) Financing Activities   331.3            
Net Increase (Decrease) in Cash and Cash Equivalents   0.0            
Cash and Cash Equivalents at Beginning of Period   0.0            
Cash and Cash Equivalents at End of Period   0.0 0.0          
Supplementary Information                
Construction in Progress Expenditures Incurred but Not yet Paid   210.6            
Organization and Summary of Significant Accounting Policies (Textuals)                
NET INCOME (LOSS)   85.9            
Revision [Member] | AEP Transmission Co [Member]                
Cash, Cash Equivalents and Restricted Cash                
Cash and Cash Equivalents   0.0 0.0       $ 0.0 0.0
Revenues                
TOTAL REVENUES   (1.8)            
Expenses                
Depreciation and Amortization   (0.3)            
TOTAL EXPENSES   (0.3)            
OPERATING INCOME (LOSS)   (1.5)            
Nonoperating Income (Expense)                
Allowance for Equity Funds Used During Construction   (0.4)            
Interest Expense   (0.4)            
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS   (2.3)            
Income Tax Expense (Benefit)   (0.5)            
NET INCOME (LOSS)   (1.8)            
Operating Activities                
NET INCOME (LOSS)   (1.8)            
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities                
Utilities Operating Expense, Depreciation and Amortization   (0.3)            
Deferred Income Taxes   (0.2)            
Allowance for Equity Funds Used During Construction   0.4            
Change in Other Noncurrent Assets   0.2            
Accounts Receivable, Net   0.5            
Accounts Payable   1.6            
Accrued Taxes, Net   (0.4)            
Net Cash Flows from (Used for) Operating Activities   0.0            
Investing Activities                
Net Cash Flows from (Used for) Investing Activities   0.0            
Financing Activities                
Net Cash Flows from (Used for) Financing Activities   0.0            
Net Increase (Decrease) in Cash and Cash Equivalents   0.0            
Cash and Cash Equivalents at Beginning of Period   0.0            
Cash and Cash Equivalents at End of Period   0.0 $ 0.0          
Supplementary Information                
Construction in Progress Expenditures Incurred but Not yet Paid   3.2            
Organization and Summary of Significant Accounting Policies (Textuals)                
Error Corrections and Prior Period Adjustments, Description     AEPTCo recorded a pretax out of period correction of an error of approximately $17 million related to revenue recorded from 2013 through March 31, 2018 in the second quarter of 2018 The impact of this misstatement reduced AEPTCo’s pretax income by approximately $7 million on a cumulative basis for the period 2011 through June 30, 2018        
NET INCOME (LOSS)   $ (1.8)            
Retained Earnings               $ (15.0)
[1] The amounts presented reflect the revisions made to AEPTCo’s previously issued financial statements. See the “Revisions to Previously Issued Financial Statements” section of Note 1 for additional information.
[2] The amounts presented reflect the revisions made to AEPTCo’s previously issued financial statements. See the “Revisions to Previously Issued Financial Statements” section of Note 1 for additional information.