XML 95 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net Income (Loss) $ 499.3 $ 574.1
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 672.2 605.8
Deferred Income Taxes 27.9 16.8
Allowance for Equity Funds Used During Construction (31.4) (28.9)
Mark-to-Market of Risk Management Contracts 57.4 65.5
Amortization of Nuclear Fuel 23.4 25.1
Property Taxes (59.8) (75.6)
Deferred Fuel Over/Under-Recovery, Net 63.1 32.5
Recovery of Ohio Capacity Costs, Net 0.0 14.7
Refund of Global Settlement 0.0 (4.1)
Change in Other Noncurrent Assets (50.8) (47.9)
Change in Other Noncurrent Liabilities (74.8) 67.3
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (32.6) 57.5
Fuel, Materials and Supplies (35.8) (26.4)
Accounts Payable (111.1) (152.6)
Accrued Taxes, Net (93.9) (77.0)
Other Current Assets 5.3 (18.8)
Other Current Liabilities (242.7) (219.7)
Net Cash Flows from (Used for) Operating Activities 615.7 808.3
Investing Activities    
Construction Expenditures (1,792.7) (1,565.4)
Purchases of Investment Securities (632.7) (130.4)
Sales of Investment Securities 635.6 111.9
Acquisitions of Nuclear Fuel (1.3) (32.4)
Other Investing Activities 25.1 33.5
Net Cash Flows from (Used for) Investing Activities (1,766.0) (1,582.8)
Financing Activities    
Issuance of Common Stock, Net 56.1 14.5
Issuance of Long-term Debt 1,418.9 1,285.6
Issuance of Short-term Debt with Original Maturities greater than 90 Days 1,297.5 0.0
Change in Short-term Debt with Original Maturities less than 90 Days, Net 328.3 (52.0)
Retirement of Long-term Debt (300.5) (220.6)
Principal Payments for Finance Leases (15.4) (14.3)
Dividends Paid on Common Stock (363.7) (333.6)
Other Financing Activities (32.7) 13.9
Net Cash Flows from (Used for) Financing Activities 2,388.5 693.5
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 1,238.2 (81.0)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 432.6 444.1
Cash and Cash Equivalents at Beginning of Period 246.8  
Cash, Cash Equivalents and Restricted Cash at End of Period 1,670.8 363.1
Cash and Cash Equivalents at End of Period 1,554.6  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 212.6 168.9
Net Cash Paid (Received) for Income Taxes (0.6) (0.6)
Noncash Acquisitions Under Finance Leases 19.4 23.1
Construction Expenditures Included in Current Liabilities as of March 31, 874.1 846.3
Construction Expenditures Included in Noncurrent Liabilities as of March 31, 8.3 0.0
Expected Reimbursement for Spent Nuclear Fuel Dry Cask Storage 1.3 1.0
Stockholders' Equity, Other 30.2 55.6
AEP Texas Inc. [Member]    
Operating Activities    
Net Income (Loss) 47.6 34.4
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 162.5 138.9
Deferred Income Taxes (7.6) (11.0)
Allowance for Equity Funds Used During Construction (5.1) (1.8)
Property Taxes (69.3) (73.8)
Change in Other Noncurrent Assets (10.8) (3.2)
Change in Other Noncurrent Liabilities 3.2 (5.7)
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (34.3) (7.8)
Fuel, Materials and Supplies (7.6) (1.0)
Accounts Payable 2.4 4.2
Accrued Taxes, Net 38.9 57.5
Other Current Assets (1.4) 0.5
Other Current Liabilities (4.6) (4.4)
Net Cash Flows from (Used for) Operating Activities 113.9 126.8
Investing Activities    
Construction Expenditures (327.5) (343.1)
Change in Advances to Affiliates, Net 200.1 0.3
Other Investing Activities 7.4 6.2
Net Cash Flows from (Used for) Investing Activities (120.0) (336.6)
Financing Activities    
Capital Contributions from Parent 0.0 200.0
Change in Advances from Affiliates, Net 63.9 55.2
Retirement of Long-term Debt (114.3) (103.5)
Principal Payments for Finance Leases (1.5) (1.2)
Other Financing Activities 0.4 0.2
Net Cash Flows from (Used for) Financing Activities (51.5) 150.7
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (57.6) (59.1)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 157.8 159.8
Cash and Cash Equivalents at Beginning of Period 3.1  
Cash, Cash Equivalents and Restricted Cash at End of Period 100.2 100.7
Cash and Cash Equivalents at End of Period 0.1  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 21.1 22.4
Net Cash Paid (Received) for Income Taxes 0.0 (5.6)
Noncash Acquisitions Under Finance Leases 3.7 2.4
Construction Expenditures Included in Current Liabilities as of March 31, 175.1 195.7
AEP Transmission Co [Member]    
Operating Activities    
Net Income (Loss) 117.8 104.3
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 56.0 40.3
Deferred Income Taxes 13.7 14.5
Allowance for Equity Funds Used During Construction (16.2) (11.3)
Property Taxes 28.4 23.2
Change in Other Noncurrent Assets 2.4 2.7
Change in Other Noncurrent Liabilities 0.6 2.2
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (22.0) (8.2)
Fuel, Materials and Supplies 0.4 (0.6)
Accounts Payable 22.7 11.4
Accrued Taxes, Net (37.8) (32.1)
Accrued Interest 19.4 19.2
Other Current Assets 0.4 0.4
Other Current Liabilities 1.2 0.2
Net Cash Flows from (Used for) Operating Activities 187.0 166.2
Investing Activities    
Construction Expenditures (491.5) (365.0)
Change in Advances to Affiliates, Net (43.0) 23.4
Acquisitions of Assets (1.7) (2.5)
Other Investing Activities 3.8 0.3
Net Cash Flows from (Used for) Investing Activities (532.4) (343.8)
Financing Activities    
Capital Contributions from Parent 185.0 0.0
Change in Advances from Affiliates, Net 160.4 177.7
Other Financing Activities 0.0 (0.1)
Net Cash Flows from (Used for) Financing Activities 345.4 177.6
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 9.3 1.6
Net Cash Paid (Received) for Income Taxes 0.1 (1.2)
Construction Expenditures Included in Current Liabilities as of March 31, 290.6 261.1
Appalachian Power Co [Member]    
Operating Activities    
Net Income (Loss) 115.3 133.7
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 122.2 112.5
Deferred Income Taxes (5.1) (45.0)
Allowance for Equity Funds Used During Construction (2.4) (1.7)
Mark-to-Market of Risk Management Contracts 29.6 50.6
Deferred Fuel Over/Under-Recovery, Net 7.6 20.8
Change in Other Noncurrent Assets (24.4) (12.1)
Change in Other Noncurrent Liabilities (16.1) (20.5)
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (2.6) 19.5
Fuel, Materials and Supplies (5.5) (9.6)
Accounts Payable (86.6) (8.3)
Accrued Taxes, Net 14.5 13.7
Other Current Assets 19.2 (0.8)
Other Current Liabilities (11.1) (2.3)
Net Cash Flows from (Used for) Operating Activities 154.6 250.5
Investing Activities    
Construction Expenditures (219.1) (205.1)
Change in Advances to Affiliates, Net 0.3 (193.6)
Other Investing Activities 1.1 15.2
Net Cash Flows from (Used for) Investing Activities (217.7) (383.5)
Financing Activities    
Issuance of Long-term Debt 0.0 393.3
Change in Advances from Affiliates, Net 118.6 (205.6)
Retirement of Long-term Debt (12.2) (12.0)
Principal Payments for Finance Leases (1.8) (1.6)
Dividends Paid on Common Stock (50.0) (50.0)
Other Financing Activities 0.2 0.3
Net Cash Flows from (Used for) Financing Activities 54.8 124.4
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (8.3) (8.6)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 26.8 29.8
Cash and Cash Equivalents at Beginning of Period 3.3  
Cash, Cash Equivalents and Restricted Cash at End of Period 18.5 21.2
Cash and Cash Equivalents at End of Period 2.8  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 31.9 14.5
Net Cash Paid (Received) for Income Taxes 0.0 8.0
Noncash Acquisitions Under Finance Leases 1.9 2.1
Construction Expenditures Included in Current Liabilities as of March 31, 103.7 87.8
Indiana Michigan Power Co [Member]    
Operating Activities    
Net Income (Loss) 92.3 98.9
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 93.9 86.2
Deferred Income Taxes (16.3) (13.9)
Deferral of Incremental Nuclear Refueling Outage Expenses, Net 15.2 (14.8)
Allowance for Equity Funds Used During Construction (2.0) (6.2)
Mark-to-Market of Risk Management Contracts 4.4 4.7
Amortization of Nuclear Fuel 23.4 25.1
Deferred Fuel Over/Under-Recovery, Net 22.5 (5.2)
Change in Other Noncurrent Assets 14.4 13.5
Change in Other Noncurrent Liabilities 10.0 5.2
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 8.6 16.0
Fuel, Materials and Supplies (16.2) 6.6
Accounts Payable (21.6) (3.1)
Accrued Taxes, Net 25.0 25.6
Other Current Assets 18.2 1.4
Other Current Liabilities (62.7) (35.2)
Net Cash Flows from (Used for) Operating Activities 209.1 204.8
Investing Activities    
Construction Expenditures (141.4) (149.3)
Change in Advances to Affiliates, Net (0.1) (0.1)
Purchases of Investment Securities (626.0) (130.3)
Sales of Investment Securities 612.4 111.9
Acquisitions of Nuclear Fuel (1.3) (32.4)
Other Investing Activities 4.2 8.6
Net Cash Flows from (Used for) Investing Activities (152.2) (191.6)
Financing Activities    
Change in Advances from Affiliates, Net (10.7) 33.6
Retirement of Long-term Debt (23.7) (26.5)
Principal Payments for Finance Leases (1.5) (1.2)
Dividends Paid on Common Stock (21.3) (20.0)
Other Financing Activities 0.1 0.2
Net Cash Flows from (Used for) Financing Activities (57.1) (13.9)
Net Increase (Decrease) in Cash and Cash Equivalents (0.2) (0.7)
Cash and Cash Equivalents at Beginning of Period 2.0 2.4
Cash and Cash Equivalents at End of Period 1.8 1.7
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 44.3 43.3
Net Cash Paid (Received) for Income Taxes 0.0 (3.3)
Noncash Acquisitions Under Finance Leases 1.4 1.7
Construction Expenditures Included in Current Liabilities as of March 31, 67.8 80.0
Acquisition of Nuclear Fuel Included in Current Liabilities as of March 31, 0.0 1.0
Expected Reimbursement for Spent Nuclear Fuel Dry Cask Storage 1.3 7.9
Ohio Power Co [Member]    
Operating Activities    
Net Income (Loss) 75.1 128.0
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 70.5 63.3
Amortization Of Generation Deferrals 0.0 32.4
Deferred Income Taxes 12.9 10.1
Carrying Costs Income (0.4) (0.2)
Allowance for Equity Funds Used During Construction (1.9) (5.2)
Mark-to-Market of Risk Management Contracts 17.3 6.7
Property Taxes 74.4 66.0
Refund of Global Settlement 0.0 (4.1)
Reversal of a Regulatory Provision 0.0 (56.2)
Change in Other Noncurrent Assets (61.5) (7.5)
Change in Other Noncurrent Liabilities (36.4) 17.6
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (19.9) 31.7
Fuel, Materials and Supplies (10.2) (3.4)
Accounts Payable 35.5 (23.9)
Accrued Taxes, Net (141.9) (114.4)
Other Current Assets (2.0) (7.7)
Other Current Liabilities (8.4) (16.2)
Net Cash Flows from (Used for) Operating Activities 3.5 117.2
Investing Activities    
Construction Expenditures (232.8) (198.5)
Other Investing Activities 5.9 3.7
Net Cash Flows from (Used for) Investing Activities (226.9) (194.8)
Financing Activities    
Issuance of Long-term Debt 347.1 0.0
Change in Advances from Affiliates, Net (101.6) 113.5
Retirement of Long-term Debt 0.0 (23.4)
Principal Payments for Finance Leases (1.2) (0.7)
Dividends Paid on Common Stock (21.9) (25.0)
Other Financing Activities 0.4 0.5
Net Cash Flows from (Used for) Financing Activities 222.8 64.9
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (0.6) (12.7)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 3.7 32.5
Cash and Cash Equivalents at Beginning of Period 3.7  
Cash, Cash Equivalents and Restricted Cash at End of Period 3.1 19.8
Cash and Cash Equivalents at End of Period 3.1  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 16.7 17.0
Net Cash Paid (Received) for Income Taxes 0.0 (0.2)
Noncash Acquisitions Under Finance Leases 4.3 3.2
Construction Expenditures Included in Current Liabilities as of March 31, 72.9 72.8
Public Service Co Of Oklahoma [Member]    
Operating Activities    
Net Income (Loss) (10.3) 6.2
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 44.7 43.5
Deferred Income Taxes (5.3) (5.8)
Allowance for Equity Funds Used During Construction (1.0) (0.1)
Mark-to-Market of Risk Management Contracts 9.5 5.1
Property Taxes (29.8) (29.9)
Deferred Fuel Over/Under-Recovery, Net 4.1 (2.4)
Change in Other Noncurrent Assets (0.1) 8.0
Change in Other Noncurrent Liabilities 4.2 (0.7)
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 0.9 2.0
Fuel, Materials and Supplies (8.5) 3.2
Accounts Payable (39.1) (23.3)
Accrued Taxes, Net 25.1 25.3
Other Current Assets (1.7) (3.8)
Other Current Liabilities (7.2) 4.4
Net Cash Flows from (Used for) Operating Activities (14.5) 31.7
Investing Activities    
Construction Expenditures (96.5) (70.7)
Change in Advances to Affiliates, Net 38.8 0.0
Other Investing Activities 1.6 0.4
Net Cash Flows from (Used for) Investing Activities (56.1) (70.3)
Financing Activities    
Issuance of Long-term Debt 0.0 99.9
Change in Advances from Affiliates, Net 70.9 (50.3)
Retirement of Long-term Debt (0.1) (0.1)
Principal Payments for Finance Leases (0.8) (0.7)
Dividends Paid on Common Stock 0.0 (11.3)
Other Financing Activities 0.2 0.6
Net Cash Flows from (Used for) Financing Activities 70.2 38.1
Net Increase (Decrease) in Cash and Cash Equivalents (0.4) (0.5)
Cash and Cash Equivalents at Beginning of Period 1.5 2.0
Cash and Cash Equivalents at End of Period 1.1 1.5
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 16.7 10.9
Net Cash Paid (Received) for Income Taxes 0.0 0.6
Noncash Acquisitions Under Finance Leases 0.9 1.1
Construction Expenditures Included in Current Liabilities as of March 31, 30.8 15.6
Southwestern Electric Power Co [Member]    
Operating Activities    
Net Income (Loss) 16.1 29.0
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 67.3 62.1
Deferred Income Taxes (9.2) (2.5)
Allowance for Equity Funds Used During Construction (1.4) (1.8)
Mark-to-Market of Risk Management Contracts 3.9 2.3
Property Taxes (49.0) (48.9)
Deferred Fuel Over/Under-Recovery, Net 21.0 10.3
Change in Other Noncurrent Assets (4.0) 2.9
Change in Other Noncurrent Liabilities 9.8 7.9
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 11.3 6.3
Fuel, Materials and Supplies (7.6) (16.2)
Accounts Payable (31.2) (55.0)
Accrued Taxes, Net 51.2 52.7
Accrued Interest (12.7) (12.7)
Other Current Assets (4.0) (10.0)
Other Current Liabilities (35.7) (17.0)
Net Cash Flows from (Used for) Operating Activities 25.8 9.4
Investing Activities    
Construction Expenditures (122.4) (86.6)
Change in Advances to Affiliates, Net 0.0 81.4
Other Investing Activities 0.8 (3.1)
Net Cash Flows from (Used for) Investing Activities (121.6) (8.3)
Financing Activities    
Change in Short-term Debt with Original Maturities less than 90 Days, Net 12.2 0.0
Change in Advances from Affiliates, Net 88.2 74.0
Retirement of Long-term Debt (1.6) (55.1)
Principal Payments for Finance Leases (2.7) (2.7)
Dividends Paid on Common Stock 0.0 (18.7)
Dividends Paid on Common Stock (0.7) (1.1)
Other Financing Activities 0.2 0.1
Net Cash Flows from (Used for) Financing Activities 95.6 (3.5)
Net Increase (Decrease) in Cash and Cash Equivalents (0.2) (2.4)
Cash and Cash Equivalents at Beginning of Period 1.6 24.5
Cash and Cash Equivalents at End of Period 1.4 22.1
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 40.7 40.5
Net Cash Paid (Received) for Income Taxes 0.0 0.2
Noncash Acquisitions Under Finance Leases 3.0 0.8
Construction Expenditures Included in Current Liabilities as of March 31, 45.2 44.8
Retained Earnings [Member]    
Supplementary Information    
Stockholders' Equity, Other 0.0 62.1
Retained Earnings [Member] | AEP Texas Inc. [Member]    
Operating Activities    
Net Income (Loss) 47.6 34.4
Retained Earnings [Member] | AEP Transmission Co [Member]    
Operating Activities    
Net Income (Loss) 117.8 104.3
Retained Earnings [Member] | Appalachian Power Co [Member]    
Operating Activities    
Net Income (Loss) 115.3 133.7
Retained Earnings [Member] | Indiana Michigan Power Co [Member]    
Operating Activities    
Net Income (Loss) 92.3 98.9
Retained Earnings [Member] | Ohio Power Co [Member]    
Operating Activities    
Net Income (Loss) 75.1 128.0
Retained Earnings [Member] | Public Service Co Of Oklahoma [Member]    
Operating Activities    
Net Income (Loss) $ (10.3) $ 6.2