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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net Income (Loss) $ 574.1 $ 456.7
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
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)
Mark-to-Market of Risk Management Contracts 65.5 (0.7)
Amortization of Nuclear Fuel 25.1 27.4
Property Taxes (75.6) (63.7)
Deferred Fuel Over/Under-Recovery, Net 32.5 (61.2)
Recovery of Ohio Capacity Costs 14.7 18.0
Provision for Refund - Global Settlement (4.1) (5.4)
Change in Other Noncurrent Assets (47.9) (59.8)
Change in Other Noncurrent Liabilities 67.3 133.3
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 57.5 39.7
Fuel, Materials and Supplies (26.4) 28.5
Accounts Payable (152.6) (129.3)
Accrued Taxes, Net (77.0) (74.3)
Other Current Assets (18.8) (40.1)
Other Current Liabilities (219.7) (63.2)
Net Cash Flows from (Used for) Operating Activities 808.3 802.2
Investing Activities    
Construction Expenditures (1,565.4) (1,905.8)
Purchases of Investment Securities (130.4) (525.9)
Sales of Investment Securities 111.9 508.6
Acquisitions of Nuclear Fuel (32.4) (23.8)
Other Investing Activities 33.5 19.1
Net Cash Flows from (Used for) Investing Activities (1,582.8) (1,927.8)
Financing Activities    
Issuance of Common Stock, Net 14.5 32.2
Issuance of Long-term Debt 1,285.6 841.0
Commercial Paper and Credit Facility Borrowings 0.0 205.6
Change in Short-term Debt, Net (52.0) 814.6
Retirement of Long-term Debt (220.6) (544.0)
Principal Payments for Finance Lease Obligations (14.3) (16.8)
Dividends Paid on Common Stock (333.6) (306.1)
Other Financing Activities 13.9 3.0
Net Cash Flows from (Used for) Financing Activities 693.5 1,029.5
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (81.0) (96.1)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 444.1 412.6
Cash and Cash Equivalents at Beginning of Period 234.1  
Cash, Cash Equivalents and Restricted Cash at End of Period 363.1 316.5
Cash and Cash Equivalents at End of Period 227.7  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 168.9 188.0
Net Cash Paid (Received) for Income Taxes (0.6) (0.9)
Noncash Acquisitions Under Finance Leases 23.1 21.4
Construction Expenditures Included in Current Liabilities as of March 31, 846.3 799.9
Noncash Contribution of Assets by Noncontrolling Interest 0.0 84.0
Expected Reimbursement For Spent Nuclear Fuel Dry Cask Storage 1.0 0.1
Forward Equity Purchase Contract Included Current and Noncurrent Liabilities as of March 31, (55.6) 16.9
AEP Texas Inc. [Member]    
Operating Activities    
Net Income (Loss) 34.4 46.8
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
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)
Mark-to-Market of Risk Management Contracts 0.0 0.2
Property Taxes (73.8) (56.1)
Change in Other Noncurrent Assets (3.2) (12.7)
Change in Other Noncurrent Liabilities (5.7) 6.5
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (7.8) 1.8
Fuel, Materials and Supplies (1.0) (0.2)
Accounts Payable 4.2 (25.9)
Accrued Taxes, Net 57.5 25.2
Other Current Assets 0.5 (1.6)
Other Current Liabilities (4.4) (5.1)
Net Cash Flows from (Used for) Operating Activities 126.8 79.0
Investing Activities    
Construction Expenditures (343.1) (481.6)
Change in Advances to Affiliates, Net 0.3 103.8
Other Investing Activities 6.2 13.4
Net Cash Flows from (Used for) Investing Activities (336.6) (364.4)
Financing Activities    
Capital Contributions from Parent 200.0 100.0
Change in Advances from Affiliates, Net 55.2 232.7
Retirement of Long-term Debt (103.5) (96.5)
Principal Payments for Finance Lease Obligations (1.2) (1.1)
Other Financing Activities 0.2 0.3
Net Cash Flows from (Used for) Financing Activities 150.7 235.4
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (59.1) (50.0)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 159.8 157.2
Cash and Cash Equivalents at Beginning of Period 3.1  
Cash, Cash Equivalents and Restricted Cash at End of Period 100.7 107.2
Cash and Cash Equivalents at End of Period 0.1  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 22.4 27.8
Net Cash Paid (Received) for Income Taxes (5.6) 0.0
Noncash Acquisitions Under Finance Leases 2.4 4.0
Construction Expenditures Included in Current Liabilities as of March 31, 195.7 169.3
AEP Transmission Co [Member]    
Operating Activities    
Net Income (Loss) 104.3 84.1 [1]
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
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)
Property Taxes 23.2 17.3
Change in Other Noncurrent Assets 2.7 2.9
Change in Other Noncurrent Liabilities 2.2 23.9
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (8.2) (9.6)
Fuel, Materials and Supplies (0.6) (1.9)
Accounts Payable 11.4 (10.7)
Accrued Taxes, Net (32.1) (34.0)
Accrued Interest 19.2 23.3
Other Current Assets 0.4 0.3
Other Current Liabilities 0.2 0.6
Net Cash Flows from (Used for) Operating Activities 166.2 127.1
Investing Activities    
Construction Expenditures (365.0) (571.8)
Change in Advances to Affiliates, Net 23.4 114.2
Payments to Acquire Property, Plant, and Equipment (2.5) (1.8)
Other Investing Activities 0.3 1.0
Net Cash Flows from (Used for) Investing Activities (343.8) (458.4)
Financing Activities    
Capital Contributions from Parent 0.0 65.0
Change in Advances from Affiliates, Net 177.7 266.4
Other Financing Activities (0.1) (0.1)
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
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 1.6 (3.0)
Net Cash Paid (Received) for Income Taxes (1.2) 0.0
Construction Expenditures Included in Current Liabilities as of March 31, 261.1 213.8
Appalachian Power Co [Member]    
Operating Activities    
Net Income (Loss) 133.7 125.5
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 112.5 108.5
Deferred Income Taxes (45.0) 11.0
Carrying Costs Income 0.0 (0.5)
Allowance for Equity Funds Used During Construction (1.7) (2.6)
Mark-to-Market of Risk Management Contracts 50.6 14.9
Deferred Fuel Over/Under-Recovery, Net 20.8 (90.7)
Change in Other Noncurrent Assets (12.1) 3.9
Change in Other Noncurrent Liabilities (20.5) 37.9
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 19.5 (14.2)
Fuel, Materials and Supplies (9.6) 19.3
Accounts Payable (8.3) (21.6)
Accrued Taxes, Net 13.7 17.8
Other Current Assets (0.8) (15.8)
Other Current Liabilities (2.3) 5.6
Net Cash Flows from (Used for) Operating Activities 250.5 199.5
Investing Activities    
Construction Expenditures (205.1) (218.5)
Change in Advances to Affiliates, Net (193.6) 0.0
Other Investing Activities 15.2 4.4
Net Cash Flows from (Used for) Investing Activities (383.5) (214.1)
Financing Activities    
Issuance of Long-term Debt 393.3 0.0
Change in Advances from Affiliates, Net (205.6) 59.9
Retirement of Long-term Debt (12.0) (11.7)
Principal Payments for Finance Lease Obligations (1.6) (1.7)
Dividends Paid on Common Stock (50.0) (40.0)
Other Financing Activities 0.3 0.2
Net Cash Flows from (Used for) Financing Activities 124.4 6.7
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (8.6) (7.9)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 29.8 19.2
Cash and Cash Equivalents at Beginning of Period 4.2  
Cash, Cash Equivalents and Restricted Cash at End of Period 21.2 11.3
Cash and Cash Equivalents at End of Period 2.9  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 14.5 23.4
Net Cash Paid (Received) for Income Taxes 8.0 0.0
Noncash Acquisitions Under Finance Leases 2.1 1.8
Construction Expenditures Included in Current Liabilities as of March 31, 87.8 94.5
Indiana Michigan Power Co [Member]    
Operating Activities    
Net Income (Loss) 98.9 64.2
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 86.2 59.3
Deferred Income Taxes (13.9) 13.7
Deferral of Incremental Nuclear Refueling Outage Expenses, Net (14.8) (12.3)
Carrying Costs Income 0.7 (2.4)
Allowance for Equity Funds Used During Construction (6.2) (1.8)
Mark-to-Market of Risk Management Contracts 4.7 3.4
Amortization of Nuclear Fuel 25.1 27.4
Deferred Fuel Over/Under-Recovery, Net (5.2) 3.4
Change in Other Noncurrent Assets 12.8 (11.0)
Change in Other Noncurrent Liabilities 5.2 33.7
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 16.0 3.5
Fuel, Materials and Supplies 6.6 (4.5)
Accounts Payable (3.1) 1.3
Accrued Taxes, Net 25.6 8.2
Other Current Assets 1.4 (11.1)
Other Current Liabilities (35.2) (27.8)
Net Cash Flows from (Used for) Operating Activities 204.8 147.2
Investing Activities    
Construction Expenditures (149.3) (148.9)
Change in Advances to Affiliates, Net (0.1) (0.1)
Purchases of Investment Securities (130.3) (525.3)
Sales of Investment Securities 111.9 508.6
Acquisitions of Nuclear Fuel (32.4) (23.8)
Other Investing Activities 8.6 4.2
Net Cash Flows from (Used for) Investing Activities (191.6) (185.3)
Financing Activities    
Change in Advances from Affiliates, Net 33.6 102.5
Retirement of Long-term Debt (26.5) (29.4)
Principal Payments for Finance Lease Obligations (1.2) (2.7)
Dividends Paid on Common Stock (20.0) (33.5)
Other Financing Activities 0.2 0.5
Net Cash Flows from (Used for) Financing Activities (13.9) 37.4
Net Increase (Decrease) in Cash and Cash Equivalents (0.7) (0.7)
Cash and Cash Equivalents at Beginning of Period 2.4 1.3
Cash and Cash Equivalents at End of Period 1.7 0.6
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 43.3 50.6
Net Cash Paid (Received) for Income Taxes (3.3) 0.0
Noncash Acquisitions Under Finance Leases 1.7 1.7
Construction Expenditures Included in Current Liabilities as of March 31, 80.0 77.2
Acquisition of Nuclear Fuel Included in Current Liabilities as of March 31, 1.0 0.1
Expected Reimbursement For Spent Nuclear Fuel Dry Cask Storage 7.9 0.1
Ohio Power Co [Member]    
Operating Activities    
Net Income (Loss) 128.0 79.6
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 63.3 64.8
Amortization Of Generation Deferrals 32.4 58.6
Deferred Income Taxes 10.1 (4.9)
Carrying Costs Income (0.2) (0.7)
Allowance for Equity Funds Used During Construction (5.2) (2.5)
Mark-to-Market of Risk Management Contracts 6.7 (33.7)
Property Taxes 66.0 62.9
Provision for Refund - Global Settlement (4.1) (5.4)
Reversal of a Regulatory Provision (56.2) 0.0
Change in Other Noncurrent Assets (7.3) 14.3
Change in Other Noncurrent Liabilities 17.6 40.6
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 31.7 38.8
Fuel, Materials and Supplies (3.4) (1.9)
Accounts Payable (23.9) (22.5)
Accrued Taxes, Net (114.4) (92.8)
Other Current Assets (7.7) (7.5)
Other Current Liabilities (16.2) (2.9)
Net Cash Flows from (Used for) Operating Activities 117.2 184.8
Investing Activities    
Construction Expenditures (198.5) (168.2)
Change in Advances to Affiliates, Net 0.0 (200.4)
Other Investing Activities 3.7 1.7
Net Cash Flows from (Used for) Investing Activities (194.8) (366.9)
Financing Activities    
Issuance of Long-term Debt 0.0 393.3
Change in Advances from Affiliates, Net 113.5 (87.8)
Retirement of Long-term Debt (23.4) (22.9)
Principal Payments for Finance Lease Obligations (0.7) (0.9)
Dividends Paid on Common Stock (25.0) (112.5)
Other Financing Activities 0.5 0.5
Net Cash Flows from (Used for) Financing Activities 64.9 169.7
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (12.7) (12.4)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 32.5 29.7
Cash and Cash Equivalents at Beginning of Period 4.9  
Cash, Cash Equivalents and Restricted Cash at End of Period 19.8 17.3
Cash and Cash Equivalents at End of Period 3.3  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 17.0 17.0
Net Cash Paid (Received) for Income Taxes (0.2) 0.0
Noncash Acquisitions Under Finance Leases 3.2 1.4
Construction Expenditures Included in Current Liabilities as of March 31, 72.8 52.3
Public Service Co Of Oklahoma [Member]    
Operating Activities    
Net Income (Loss) 6.2 (7.2)
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 43.5 36.8
Deferred Income Taxes (5.8) (4.5)
Allowance for Equity Funds Used During Construction (0.1) 0.1
Mark-to-Market of Risk Management Contracts 5.1 3.5
Property Taxes (29.9) (30.1)
Deferred Fuel Over/Under-Recovery, Net (2.4) 14.6
Change in Other Noncurrent Assets 8.0 0.0
Change in Other Noncurrent Liabilities (0.7) 5.7
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 2.0 6.9
Fuel, Materials and Supplies 3.2 (1.7)
Accounts Payable (23.3) (10.9)
Accrued Taxes, Net 25.3 22.4
Other Current Assets (3.8) 0.9
Other Current Liabilities 4.4 (1.3)
Net Cash Flows from (Used for) Operating Activities 31.7 35.2
Investing Activities    
Construction Expenditures (70.7) (54.4)
Other Investing Activities 0.4 2.0
Net Cash Flows from (Used for) Investing Activities (70.3) (52.4)
Financing Activities    
Issuance of Long-term Debt 99.9 0.0
Change in Advances from Affiliates, Net (50.3) 29.5
Retirement of Long-term Debt (0.1) (0.1)
Principal Payments for Finance Lease Obligations (0.7) (1.0)
Dividends Paid on Common Stock (11.3) (12.5)
Other Financing Activities 0.6 0.3
Net Cash Flows from (Used for) Financing Activities 38.1 16.2
Net Increase (Decrease) in Cash and Cash Equivalents (0.5) (1.0)
Cash and Cash Equivalents at Beginning of Period 2.0 1.6
Cash and Cash Equivalents at End of Period 1.5 0.6
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 10.9 10.3
Net Cash Paid (Received) for Income Taxes 0.6 0.0
Noncash Acquisitions Under Finance Leases 1.1 0.9
Construction Expenditures Included in Current Liabilities as of March 31, 15.6 25.4
Southwestern Electric Power Co [Member]    
Operating Activities    
Net Income (Loss) 29.0 13.4
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 62.1 57.4
Deferred Income Taxes (2.5) 1.0
Allowance for Equity Funds Used During Construction (1.8) (2.3)
Mark-to-Market of Risk Management Contracts 2.3 5.1
Property Taxes (48.9) (48.8)
Deferred Fuel Over/Under-Recovery, Net 10.3 (4.6)
Change in Other Noncurrent Assets 2.9 1.3
Change in Other Noncurrent Liabilities 7.9 18.8
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 6.3 27.9
Fuel, Materials and Supplies (16.2) 2.2
Accounts Payable (55.0) (24.6)
Accrued Taxes, Net 52.7 55.2
Accrued Interest (12.7) (13.0)
Other Current Assets (10.0) (0.8)
Other Current Liabilities (17.0) (12.5)
Net Cash Flows from (Used for) Operating Activities 9.4 75.7
Investing Activities    
Construction Expenditures (86.6) (139.7)
Change in Advances to Affiliates, Net 81.4 0.0
Other Investing Activities (3.1) (5.4)
Net Cash Flows from (Used for) Investing Activities (8.3) (145.1)
Financing Activities    
Issuance of Long-term Debt 0.0 444.6
Change in Short-term Debt, Net 0.0 0.6
Change in Advances from Affiliates, Net 74.0 29.9
Retirement of Long-term Debt (55.1) (383.4)
Principal Payments for Finance Lease Obligations (2.7) (2.8)
Dividends Paid on Common Stock (18.7) (20.0)
Dividends Paid on Common Stock (1.1) (0.8)
Other Financing Activities 0.1 0.4
Net Cash Flows from (Used for) Financing Activities (3.5) 68.5
Net Increase (Decrease) in Cash and Cash Equivalents (2.4) (0.9)
Cash and Cash Equivalents at Beginning of Period 24.5 1.6
Cash and Cash Equivalents at End of Period 22.1 0.7
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 40.5 43.7
Net Cash Paid (Received) for Income Taxes 0.2 (0.1)
Noncash Acquisitions Under Finance Leases 0.8 1.9
Construction Expenditures Included in Current Liabilities as of March 31, 44.8 50.3
Additional Paid-in Capital [Member]    
Supplementary Information    
Forward Equity Purchase Contract Included Current and Noncurrent Liabilities as of March 31, $ 62.1 [2] $ 0.0
[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] Includes $(62) million related to a forward equity purchase contract associated with the issuance of Equity Units. See “Equity Units” section of Footnote 13 - Financing Activities.