Significant Accounting Matters (Tables)

6 Months Ended

Jun. 30, 2019

Basic and Diluted EPS Calculations

	Three Months Ended June 30,
	2019				2018
	(in millions, except per share data)
			$/share				$/share
Earnings Attributable to AEP Common Shareholders	$	461.3			$	528.4
Weighted Average Number of Basic Shares Outstanding	493.6		$	0.93	492.7		$	1.07
Weighted Average Dilutive Effect of Stock-Based Awards	1.8		—		0.8		—
Weighted Average Number of Diluted Shares Outstanding	495.4		$	0.93	493.5		$	1.07

	Six Months Ended June 30,
	2019					2018
	(in millions, except per share data)
			$/share					$/share
Earnings Attributable to AEP Common Shareholders	$	1,034.1				$	982.8
Weighted Average Number of Basic Shares Outstanding	493.4		$	2.10		492.5		$	2.00
Weighted Average Dilutive Effect of Stock-Based Awards	1.5		(0.01		)	0.8		(0.01		)
Weighted Average Number of Diluted Shares Outstanding	494.9		$	2.09		493.3		$	1.99

Revision to Prior Year Income

	Three Months Ended  June 30, 2018									Six Months Ended  June 30, 2018
	As Reported			Adjustments			As Adjusted			As Reported			Adjustments			As Adjusted
	(in millions)									(in millions)
TOTAL REVENUES	$	183.8		$	16.3		$	200.1		$	377.3		$	14.5		$	391.8
EXPENSES
Depreciation and Amortization	32.4			(0.1		)	32.3			63.0			(0.4		)	62.6
TOTAL EXPENSES	89.7			(0.1		)	89.6			170.6			(0.4		)	170.2
OPERATING INCOME	94.1			16.4			110.5			206.7			14.9			221.6
Other Income (Expense):
Allowance for Equity Funds Used During Construction	16.3			(0.5		)	15.8			31.6			(0.9		)	30.7
Interest Expense	(20.3		)	(0.3		)	(20.6		)	(40.2		)	(0.7		)	(40.9		)
INCOME BEFORE INCOME TAX EXPENSE	90.5			15.6			106.1			198.9			13.3			212.2
Income Tax Expense	20.0			4.1			24.1			42.5			3.6			46.1
NET INCOME	$	70.5		$	11.5		$	82.0		$	156.4		$	9.7		$	166.1

Schedule of Error Corrections and Prior Period Adjustments

	Six Months Ended June 30, 2018
	As Reported			Adjustments			As Adjusted
	(in millions)
OPERATING ACTIVITIES
Net Income	$	156.4		$	9.7		$	166.1
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:
Depreciation and Amortization	63.0			(0.4		)	62.6
Deferred Income Taxes	50.2			(0.3		)	49.9
Allowance for Equity Funds Used During Construction	(31.6		)	0.9			(30.7		)
Change in Other Noncurrent Assets	(7.0		)	0.3			(6.7		)
Changes in Certain Components of Working Capital:
Accounts Receivable, Net	8.4			0.1			8.5
Accounts Payable	13.7			(10.3		)	3.4
Net Cash Flows from Operating Activities	246.1			—			246.1
INVESTING ACTIVITIES
Net Cash Flows Used for Investing Activities	(774.7		)	—			(774.7		)
FINANCING ACTIVITIES
Net Cash Flows from Financing Activities	528.6			—			528.6
Net Change in Cash and Cash Equivalents	—			—			—
Cash and Cash Equivalents at Beginning of Period	—			—			—
Cash and Cash Equivalents at End of Period	$	—		$	—		$	—
SUPPLEMENTARY INFORMATION
Cash Paid for Interest, Net of Capitalized Amounts	$	42.7		$	0.4		$	43.1
Construction Expenditures Included in Current Liabilities as of June 30,	234.7			6.4			241.1

Supplementary Information

	June 30, 2019
	AEP		AEP Texas		APCo		OPCo
	(in millions)
Cash and Cash Equivalents	$	210.5	$	0.1	$	2.3	$	2.7
Restricted Cash	179.1		125.4		25.4		28.2
Total Cash, Cash Equivalents and Restricted Cash	$	389.6	$	125.5	$	27.7	$	30.9

	December 31, 2018
	AEP		AEP Texas		APCo		OPCo
	(in millions)
Cash and Cash Equivalents	$	234.1	$	3.1	$	4.2	$	4.9
Restricted Cash	210.0		156.7		25.6		27.6
Total Cash, Cash Equivalents and Restricted Cash	$	444.1	$	159.8	$	29.8	$	32.5