American Electric Power Company, Inc(NASDAQ:AEP) 
American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribut...
Website: http://www.aep.com
Founded: 1906
Full Time Employees: 17,408
Sector: Utilities
Industry: Utilities-Regulated Electric
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2022-09-30 | 2022-06-30 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2019-09-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2014-03-31 | 2013-03-31 | 2011-03-31 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 735,400,000 | 621,100,000 | 634,200,000 | |||||||||||||||||||||
vertically integrated utilities | 3,511,200,000 | 2,934,500,000 | 3,085,500,000 | 3,248,800,000 | 2,572,000,000 | 2,901,200,000 | 3,158,100,000 | 2,595,000,000 | 2,224,600,000 | 2,400,100,000 | 2,598,900,000 | 2,372,300,000 | 2,610,200,000 | 2,340,700,000 | 2,549,000,000 | |||||||||
transmission and distribution utilities | 1,680,200,000 | 1,442,600,000 | 1,515,500,000 | 1,568,500,000 | 1,428,800,000 | 1,483,200,000 | 1,535,200,000 | 1,296,800,000 | 1,089,600,000 | 1,124,100,000 | 1,147,300,000 | 1,179,800,000 | 1,180,900,000 | 1,127,900,000 | 1,161,000,000 | |||||||||
generation & marketing | 693,800,000 | 551,000,000 | 730,600,000 | 483,700,000 | 442,500,000 | 515,900,000 | 527,500,000 | 654,400,000 | 422,500,000 | 464,800,000 | 501,200,000 | 439,700,000 | 486,500,000 | 435,300,000 | 821,000,000 | |||||||||
other revenues | 125,200,000 | 158,800,000 | 131,800,000 | 119,100,000 | 135,900,000 | 125,400,000 | 120,900,000 | 93,500,000 | 89,800,000 | 77,400,000 | 67,600,000 | 65,000,000 | 55,500,000 | 109,300,000 | 117,000,000 | 337,000,000 | 233,000,000 | 163,000,000 | 183,000,000 | 167,000,000 | ||||
total revenues | 6,010,400,000 | 5,086,900,000 | 5,463,400,000 | 5,420,100,000 | 4,579,200,000 | 5,025,700,000 | 5,341,700,000 | 4,639,700,000 | 3,826,500,000 | 4,066,400,000 | 4,315,000,000 | 4,056,800,000 | 4,333,100,000 | 4,013,200,000 | 4,648,000,000 | 3,826,000,000 | 3,730,000,000 | 3,569,000,000 | 3,547,000,000 | 3,202,000,000 | ||||
yoy | 31.25% | 1.22% | 2.28% | -1.30% | 39.60% | 14.10% | -5.68% | 1.33% | -7.16% | 6.03% | 16.17% | 12.45% | 31.04% | 19.49% | ||||||||||
qoq | 18.15% | -6.89% | 0.80% | 18.36% | -8.88% | -5.92% | -5.76% | 6.36% | -6.38% | 7.97% | -13.66% | 21.48% | 2.57% | 4.51% | 0.62% | 10.77% | ||||||||
expenses | ||||||||||||||||||||||||
purchased electricity, fuel and other consumables used for electric generation | 1,980,200,000 | 1,541,400,000 | 1,852,900,000 | 1,659,200,000 | 1,368,500,000 | 1,575,800,000 | 1,756,800,000 | 1,564,400,000 | 1,124,000,000 | |||||||||||||||
other operation | 797,800,000 | 537,600,000 | 752,400,000 | 805,800,000 | 817,300,000 | 762,300,000 | 719,900,000 | 619,800,000 | 566,900,000 | 702,900,000 | 708,300,000 | 666,000,000 | 826,000,000 | 780,300,000 | 780,000,000 | 738,000,000 | 686,000,000 | 673,000,000 | ||||||
maintenance | 405,100,000 | 390,700,000 | 318,500,000 | 343,700,000 | 351,500,000 | 317,500,000 | 325,500,000 | 326,500,000 | 264,300,000 | 237,600,000 | 267,700,000 | 274,500,000 | 316,600,000 | 295,900,000 | 292,000,000 | 293,000,000 | 265,000,000 | 271,000,000 | ||||||
asset impairments and other related charges | 142,500,000 | |||||||||||||||||||||||
depreciation and amortization | 879,600,000 | 853,100,000 | 833,400,000 | 852,700,000 | 821,900,000 | 787,100,000 | 792,300,000 | 23,100,000 | 802,600,000 | 21,100,000 | 707,300,000 | 18,600,000 | 644,600,000 | 645,200,000 | 605,800,000 | 602,600,000 | 553,200,000 | 491,000,000 | 420,000,000 | 403,000,000 | 408,000,000 | 421,000,000 | 397,000,000 | 382,000,000 |
taxes other than income taxes | 426,300,000 | 365,000,000 | 422,000,000 | 407,200,000 | 393,600,000 | 410,400,000 | 393,900,000 | 3,100,000 | 369,500,000 | 2,600,000 | 354,100,000 | 2,600,000 | 337,700,000 | 320,500,000 | 309,900,000 | 294,200,000 | 283,200,000 | 238,000,000 | 218,000,000 | 213,000,000 | 207,000,000 | 193,000,000 | 192,000,000 | 197,000,000 |
total expenses | 4,489,000,000 | 3,687,800,000 | 4,179,200,000 | 4,068,600,000 | 3,895,300,000 | 3,853,100,000 | 3,988,400,000 | 3,635,300,000 | 3,016,600,000 | 3,123,200,000 | 3,356,800,000 | 3,268,400,000 | 3,664,500,000 | 3,256,200,000 | 3,607,000,000 | 3,071,000,000 | 2,898,000,000 | 2,811,000,000 | 2,689,000,000 | 2,520,000,000 | ||||
operating income | 1,521,400,000 | 1,399,100,000 | 1,284,200,000 | 1,351,500,000 | 683,900,000 | 1,172,600,000 | 1,353,300,000 | 98,400,000 | 1,004,400,000 | 114,500,000 | 809,900,000 | 18,900,000 | 943,200,000 | 958,200,000 | 788,400,000 | 668,600,000 | 757,000,000 | 1,041,000,000 | 755,000,000 | 832,000,000 | 758,000,000 | 858,000,000 | 682,000,000 | 750,000,000 |
yoy | 122.46% | 19.32% | -5.11% | 1273.48% | -31.91% | 924.10% | 67.09% | 420.63% | 6.49% | -88.05% | 2.73% | -97.17% | 24.60% | -7.95% | 4.42% | -19.64% | -0.13% | 21.33% | 10.70% | 10.93% | ||||
qoq | 8.74% | 8.95% | -4.98% | 97.62% | -41.68% | -13.35% | 1275.30% | -90.20% | 777.21% | -85.86% | 4185.19% | -98.00% | -1.57% | 21.54% | 17.92% | -11.68% | -27.28% | 37.88% | -9.25% | 9.76% | -11.66% | 25.81% | -9.07% | |
operating margin % | 25.31% | 27.50% | 23.51% | 24.93% | 14.93% | 23.33% | 25.33% | Infinity% | 21.65% | Infinity% | 21.17% | Infinity% | 23.19% | 22.21% | 19.43% | 15.43% | 18.86% | 22.40% | 19.73% | 22.31% | 21.24% | 24.19% | 21.30% | Infinity% |
other income: | ||||||||||||||||||||||||
other income | 12,100,000 | 15,500,000 | 7,800,000 | 28,500,000 | 13,100,000 | 13,600,000 | 11,900,000 | -12,700,000 | 33,100,000 | 5,500,000 | 3,200,000 | 8,600,000 | ||||||||||||
allowance for equity funds used during construction | 58,500,000 | 57,100,000 | 57,300,000 | 54,200,000 | 55,200,000 | 43,600,000 | 51,100,000 | 28,600,000 | 33,500,000 | 45,200,000 | 43,000,000 | 28,900,000 | 30,900,000 | 30,800,000 | 22,000,000 | 15,000,000 | 20,000,000 | 24,000,000 | 23,000,000 | 20,000,000 | 16,000,000 | |||
non-service cost components of net periodic benefit cost | 34,400,000 | 34,600,000 | 35,100,000 | 46,500,000 | 37,400,000 | 45,100,000 | 55,200,000 | 5,100,000 | 47,100,000 | 3,800,000 | 29,700,000 | 3,800,000 | 29,700,000 | 30,000,000 | 30,000,000 | 31,900,000 | 31,400,000 | |||||||
interest expense | -508,500,000 | -489,500,000 | -494,900,000 | -498,800,000 | -465,600,000 | -435,600,000 | -470,300,000 | -16,700,000 | -327,600,000 | -4,000,000 | -301,600,000 | -3,300,000 | -291,300,000 | -275,100,000 | -255,800,000 | -256,800,000 | -242,300,000 | -220,000,000 | -232,000,000 | -242,000,000 | -250,000,000 | -248,000,000 | -240,000,000 | -238,000,000 |
income before income tax expense and equity earnings | 1,117,900,000 | 1,016,800,000 | 889,500,000 | 739,800,000 | 604,600,000 | 759,300,000 | 600,100,000 | 583,600,000 | 850,000,000 | 545,000,000 | 627,000,000 | 549,000,000 | 650,000,000 | 469,000,000 | 542,000,000 | |||||||||
income tax expense | 138,700,000 | -250,900,000 | 125,500,000 | 54,000,000 | 61,200,000 | 40,600,000 | 44,500,000 | -80,700,000 | 72,200,000 | 307,000,000 | 195,000,000 | 278,000,000 | 207,000,000 | 208,000,000 | 148,000,000 | 179,000,000 | ||||||||
equity earnings of unconsolidated subsidiaries | 21,100,000 | 20,600,000 | 38,200,000 | 17,300,000 | 25,200,000 | 24,500,000 | 21,300,000 | -165,000,000 | -7,800,000 | 30,400,000 | 3,200,000 | 14,700,000 | 15,200,000 | 18,500,000 | 18,100,000 | 18,700,000 | 18,000,000 | 14,000,000 | 6,000,000 | 4,000,000 | 4,000,000 | 1,000,000 | ||
net income | 1,000,300,000 | 1,288,300,000 | 802,200,000 | 961,700,000 | 342,500,000 | 1,005,700,000 | 958,300,000 | 96,200,000 | 520,800,000 | 99,500,000 | 573,800,000 | 38,200,000 | 748,200,000 | 733,900,000 | 574,100,000 | 579,700,000 | 530,100,000 | 561,000,000 | 364,000,000 | 355,000,000 | 346,000,000 | 446,000,000 | 317,000,000 | 363,000,000 |
yoy | 192.06% | 28.10% | -16.29% | 899.69% | -34.24% | 910.75% | 67.01% | 151.83% | -30.39% | -86.44% | -0.05% | -93.41% | 41.14% | 30.82% | 57.72% | 63.30% | 53.21% | 25.78% | 14.83% | -2.20% | ||||
qoq | -22.36% | 60.60% | -16.59% | 180.79% | -65.94% | 4.95% | 896.15% | -81.53% | 423.42% | -82.66% | 1402.09% | -94.89% | 1.95% | 27.83% | -0.97% | 9.36% | -5.51% | 54.12% | 2.54% | 2.60% | -22.42% | 40.69% | -12.67% | |
net income margin % | 16.64% | 25.33% | 14.68% | 17.74% | 7.48% | 20.01% | 17.94% | Infinity% | 11.22% | Infinity% | 15.00% | Infinity% | 18.40% | 17.01% | 14.15% | 13.38% | 13.21% | 12.07% | 9.51% | 9.52% | 9.69% | 12.57% | 9.90% | Infinity% |
net income attributable to noncontrolling interests | 28,300,000 | 62,500,000 | 2,000,000 | 2,100,000 | 2,200,000 | 2,600,000 | 4,600,000 | -1,300,000 | -3,700,000 | -1,200,000 | -4,400,000 | -400,000 | 400,000 | 1,300,000 | 2,100,000 | 1,700,000 | 1,000,000 | 1,000,000 | ||||||
earnings attributable to aep common shareholders | 972,000,000 | 1,225,800,000 | 800,200,000 | 959,600,000 | 340,300,000 | 1,003,100,000 | 953,700,000 | 97,500,000 | 524,500,000 | 100,700,000 | 578,200,000 | 36,600,000 | 748,600,000 | 733,500,000 | 572,800,000 | 577,600,000 | 528,400,000 | 560,000,000 | 363,000,000 | 353,000,000 | 344,000,000 | 443,000,000 | 316,000,000 | 360,000,000 |
weighted-average number of basic aep common shares outstanding | 534,867,357,000,000 | 534,283,554,000,000 | 533,391,487,000,000 | 532,208,876,000,000 | 528,898,816,000,000 | 526,552,036,000,000 | 520,459,880,000,000 | 513,623,431,000,000 | 499,916,640,000,000 | 496,177,968,000,000 | 493,839,034,000,000 | 493,309,076,000,000 | 492,984,741,000,000 | 492,688,342,000,000 | 487,867,089,000,000 | 485,823,668,000,000 | 481,144,270,000,000 | 478,429,535,000,000 | 472,220,041,000,000 | |||||
total basic earnings per share attributable to aep common shareholders | 1.82 | 2.29 | 1.5 | 1.8 | 0.64 | 1.91 | 1.83 | 1.02 | 1.16 | 1.51 | 1.49 | 1.16 | 1.17 | 1.07 | 0.72 | 0.93 | 0.67 | 0.89 | ||||||
weighted-average number of diluted aep common shares outstanding | 537,988,799 | 536,425,635 | 534,663,493 | 533,600,842 | 530,140,990 | 527,596,395 | 521,444,125 | 515,162,210 | 500,983,778 | 497,458,523 | 495,461,509 | 494,484,144 | 493,940,543 | 493,505,085 | 488,271,167 | 486,344,036 | 481,365,806 | 478,844,632 | 472,222,817 | |||||
total diluted earnings per share attributable to aep common shareholders | 1.81 | 2.29 | 1.5 | 1.8 | 0.64 | 1.9 | 1.83 | 1.02 | 1.15 | 1.5 | 1.48 | 1.16 | 1.17 | 1.07 | 0.72 | 0.93 | 0.67 | 0.89 | ||||||
see condensed notes to condensed financial statements of registrants beginning on page 110. | ||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 107. | ||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 96. | ||||||||||||||||||||||||
loss on the sale of the competitive contracted renewables portfolio | ||||||||||||||||||||||||
income before income tax benefit and equity earnings | 981,900,000 | 324,000,000 | 839,300,000 | 1,001,200,000 | 115,600,000 | 19,900,000 | 732,300,000 | |||||||||||||||||
income tax benefit | 37,500,000 | 6,700,000 | -141,900,000 | 64,200,000 | -5,100,000 | 8,300,000 | -15,100,000 | -1,200,000 | ||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 108. | ||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 99. | ||||||||||||||||||||||||
loss on the expected sale of the kentucky operations | 68,800,000 | |||||||||||||||||||||||
establishment of 2017-2019 virginia triennial review regulatory asset | ||||||||||||||||||||||||
gain on sale of mineral rights | -116,300,000 | |||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 114. | ||||||||||||||||||||||||
fuel, purchased electricity and other | 566,100,000 | 444,700,000 | 565,900,000 | |||||||||||||||||||||
gross margin | 169,300,000 | 176,400,000 | 68,300,000 | |||||||||||||||||||||
yoy | 147.88% | |||||||||||||||||||||||
qoq | ||||||||||||||||||||||||
gross margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | Infinity% | 0% | Infinity% | 0% | Infinity% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% |
other operation and maintenance | 44,700,000 | 38,200,000 | 28,200,000 | 899,000,000 | 911,000,000 | 914,000,000 | ||||||||||||||||||
interest and investment income | 12,500,000 | 1,300,000 | 500,000 | 5,400,000 | 3,800,000 | 1,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 5,000,000 | -5,000,000 | 5,000,000 | ||||||||||||
income before income tax benefit and equity loss | 99,300,000 | |||||||||||||||||||||||
equity loss of unconsolidated subsidiaries | -8,200,000 | |||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 138. | ||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 137. | ||||||||||||||||||||||||
net earnings attributable to noncontrolling interests | 1,600,000 | |||||||||||||||||||||||
fuel and other consumables used for electric generation | 459,300,000 | 631,200,000 | 550,400,000 | 840,400,000 | 566,900,000 | 1,168,000,000 | 1,031,000,000 | 1,056,000,000 | 1,014,000,000 | 931,000,000 | 764,000,000 | 929,000,000 | ||||||||||||
purchased electricity for resale | 741,100,000 | 783,900,000 | 861,800,000 | 784,700,000 | 776,700,000 | 638,000,000 | 371,000,000 | 275,000,000 | 238,000,000 | 247,000,000 | 258,000,000 | 295,000,000 | ||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 134. | ||||||||||||||||||||||||
gain on sale of merchant generation assets | ||||||||||||||||||||||||
carrying costs income | 900,000 | 2,900,000 | 6,000,000 | 4,000,000 | 15,000,000 | 14,000,000 | 12,000,000 | 12,000,000 | 9,000,000 | |||||||||||||||
gain on sale of equity investment | ||||||||||||||||||||||||
income before income tax expense (credit) and equity earnings | 480,900,000 | |||||||||||||||||||||||
cash dividends declared per share | 0.62 | 0.62 | 0.5 | 0.47 | 0.46 | |||||||||||||||||||
total basic earnings per share attributable to aep common | ||||||||||||||||||||||||
shareholders | 1.15 | 0.75 | 0.73 | |||||||||||||||||||||
total diluted earnings per share attributable to aep common | ||||||||||||||||||||||||
see condensed notes to condensed consolidated financial statements beginning on page 35. | ||||||||||||||||||||||||
utility operations | 3,489,000,000 | 3,497,000,000 | 3,406,000,000 | 3,364,000,000 | 3,035,000,000 | 3,267,000,000 | ||||||||||||||||||
see condensed notes to condensed consolidated financial statements beginning on page 32. | ||||||||||||||||||||||||
less: net income attributable to noncontrolling interests | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | |||||||||||||||||||
net income attributable to aep shareholders | 354,000,000 | 345,000,000 | 444,000,000 | 316,000,000 | 361,000,000 | |||||||||||||||||||
less: preferred stock dividend requirements of subsidiaries | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||
see condensed notes to condensed consolidated financial statements. | ||||||||||||||||||||||||
cash dividends paid per share | 0.41 | 0.41 | 0.41 | 0.41 | ||||||||||||||||||||
gain on sales of assets | -2,000,000 | -2,000,000 | ||||||||||||||||||||||
income before discontinued operations and extraordinary loss | 446,000,000 | 322,000,000 | ||||||||||||||||||||||
discontinued operations, net of tax | ||||||||||||||||||||||||
income before extraordinary loss | 446,000,000 | 322,000,000 | ||||||||||||||||||||||
extraordinary loss, net of tax | -5,000,000 | |||||||||||||||||||||||
weighted average number of basic aep common shares outstanding | 476,948,143,000,000 | 406,826,606,000,000 | ||||||||||||||||||||||
basic earnings per share attributable to aep common shareholders | ||||||||||||||||||||||||
weighted average number of diluted aep common shares outstanding | 477,111,144 | 407,381,954 | ||||||||||||||||||||||
diluted earnings per share attributable to aep common shareholders | ||||||||||||||||||||||||
see condensed notes to condensed consolidated financial statements | ||||||||||||||||||||||||
other | 191,000,000 | |||||||||||||||||||||||
total | 3,458,000,000 | |||||||||||||||||||||||
gain on disposition of assets | -9,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2014-03-31 | 2009-03-31 | 2007-06-30 | 2006-09-30 | 2006-06-30 | 2006-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
current assets | ||||||||||||||||
cash and cash equivalents | 1,067,700,000 | 227,300,000 | 256,800,000 | 227,700,000 | 788,300,000 | 211,200,000 | 292,000,000 | 2,554,000 | 172,000,000 | 259,000,000 | 249,000,000 | 276,000,000 | ||||
restricted cash | 39,100,000 | 51,300,000 | 35,200,000 | 135,400,000 | 149,200,000 | 176,100,000 | ||||||||||
other temporary investments | 225,400,000 | 212,000,000 | 206,800,000 | 168,900,000 | 164,100,000 | 163,100,000 | 337,000,000 | |||||||||
accounts receivable: | ||||||||||||||||
customers | 1,141,400,000 | 1,134,600,000 | 1,119,300,000 | 696,600,000 | 757,900,000 | 827,200,000 | 785,000,000 | 158,282,000 | 676,000,000 | 751,000,000 | 659,000,000 | 673,000,000 | ||||
accrued unbilled revenues | 355,000,000 | 393,700,000 | 252,900,000 | 207,800,000 | 241,200,000 | 207,400,000 | 143,000,000 | 40,347,000 | 378,000,000 | 314,000,000 | 347,000,000 | 315,000,000 | ||||
pledged accounts receivable – aep credit | 1,336,200,000 | 1,279,000,000 | 1,256,300,000 | 970,500,000 | 1,112,200,000 | 1,133,400,000 | ||||||||||
miscellaneous | 63,200,000 | 53,400,000 | 52,400,000 | 48,300,000 | 47,200,000 | 143,300,000 | 66,000,000 | 640,000 | 58,000,000 | 52,000,000 | 45,000,000 | 45,000,000 | ||||
allowance for credit losses | -62,700,000 | -63,600,000 | -62,900,000 | |||||||||||||
total accounts receivable | 2,833,100,000 | 2,797,100,000 | 2,618,000,000 | 1,882,300,000 | 2,118,100,000 | 2,270,700,000 | 272,701,000 | 1,072,000,000 | ||||||||
fuel | 599,000,000 | 616,900,000 | 620,300,000 | 360,300,000 | 282,300,000 | 352,800,000 | 490,000,000 | 168,257,000 | ||||||||
materials and supplies | 986,700,000 | 1,005,100,000 | 961,900,000 | 586,300,000 | 565,600,000 | 562,800,000 | 724,000,000 | 78,508,000 | ||||||||
risk management assets | 407,900,000 | 469,300,000 | 309,400,000 | 93,900,000 | 191,900,000 | 194,600,000 | 125,000,000 | 75,195,000 | 467,000,000 | 569,000,000 | 619,000,000 | 625,000,000 | ||||
accrued tax benefits | 59,700,000 | 111,600,000 | 66,500,000 | 55,247,000 | ||||||||||||
regulatory asset for under-recovered fuel costs | 380,600,000 | 547,400,000 | 537,400,000 | 123,300,000 | 137,500,000 | 280,400,000 | 175,000,000 | 236,743,000 | 28,000,000 | 66,000,000 | 74,000,000 | 92,000,000 | ||||
prepayments and other current assets | 260,800,000 | 283,900,000 | 324,600,000 | 200,400,000 | 186,600,000 | 243,100,000 | 159,000,000 | |||||||||
total current assets | 6,860,000,000 | 6,321,900,000 | 5,936,900,000 | 3,914,800,000 | 4,692,400,000 | 4,570,100,000 | 4,335,000,000 | |||||||||
property, plant and equipment | ||||||||||||||||
electric: | ||||||||||||||||
generation | 26,442,200,000 | 26,039,700,000 | 24,871,200,000 | 21,780,600,000 | 21,327,300,000 | 21,235,200,000 | 25,174,000,000 | |||||||||
transmission | 40,987,300,000 | 40,304,300,000 | 39,375,600,000 | 21,773,500,000 | 20,113,700,000 | 19,818,700,000 | 11,014,000,000 | 1,769,947,000 | 7,275,000,000 | 6,952,000,000 | 6,915,000,000 | 6,477,000,000 | ||||
distribution | 32,618,200,000 | 32,125,200,000 | 31,590,000,000 | 21,483,500,000 | 20,763,900,000 | 20,447,900,000 | 16,518,000,000 | 2,539,095,000 | 11,718,000,000 | 11,179,000,000 | 11,073,000,000 | 10,895,000,000 | ||||
other property, plant and equipment | 8,385,100,000 | 8,378,200,000 | 7,502,700,000 | 4,202,700,000 | 3,996,900,000 | 3,880,800,000 | ||||||||||
construction work in progress | 7,456,700,000 | 6,945,300,000 | 6,835,400,000 | 4,910,900,000 | 4,995,500,000 | 4,630,300,000 | 2,836,000,000 | 700,084,000 | 2,469,000,000 | 2,848,000,000 | 2,423,000,000 | 2,538,000,000 | ||||
total property, plant and equipment | 115,889,500,000 | 113,792,700,000 | 110,174,900,000 | 74,151,200,000 | 71,197,300,000 | 70,012,900,000 | 61,094,000,000 | |||||||||
accumulated depreciation and amortization | 27,871,800,000 | 27,455,600,000 | 26,612,200,000 | 18,182,600,000 | 17,841,600,000 | 17,571,400,000 | 19,564,000,000 | 2,691,689,000 | -15,933,000,000 | 15,146,000,000 | 15,093,000,000 | 14,974,000,000 | ||||
total property, plant and equipment – net | 88,017,700,000 | 86,337,100,000 | 83,562,700,000 | 55,968,600,000 | 53,355,700,000 | 52,441,500,000 | 41,530,000,000 | |||||||||
other noncurrent assets | ||||||||||||||||
regulatory assets | 4,950,200,000 | 4,870,200,000 | 5,133,600,000 | 3,297,900,000 | 3,189,900,000 | 3,375,600,000 | 4,384,000,000 | 1,012,778,000 | 2,405,000,000 | 3,196,000,000 | 3,234,000,000 | 3,213,000,000 | ||||
securitized assets | 952,900,000 | 973,100,000 | 537,500,000 | 853,000,000 | 1,001,400,000 | 1,082,100,000 | 2,308,000,000 | |||||||||
spent nuclear fuel and decommissioning trusts | 4,858,900,000 | 4,609,700,000 | 4,309,300,000 | 2,684,000,000 | 2,666,000,000 | 2,554,900,000 | 1,962,000,000 | 1,311,000,000 | 1,191,000,000 | 1,159,000,000 | 1,160,000,000 | |||||
goodwill | 52,500,000 | 52,500,000 | 52,500,000 | 52,500,000 | 52,500,000 | 52,500,000 | 91,000,000 | 76,000,000 | 76,000,000 | 76,000,000 | 76,000,000 | |||||
long-term risk management assets | 264,600,000 | 258,900,000 | 246,500,000 | 250,400,000 | 264,900,000 | 264,500,000 | 266,000,000 | 64,771,000 | 356,000,000 | 471,000,000 | 577,000,000 | 655,000,000 | ||||
operating lease assets | 578,200,000 | 580,600,000 | 578,800,000 | 1,045,400,000 | ||||||||||||
deferred charges and other noncurrent assets | 3,718,500,000 | 3,774,500,000 | 4,036,800,000 | 2,655,400,000 | 2,394,600,000 | 2,528,900,000 | 2,162,000,000 | |||||||||
total other noncurrent assets | 15,375,800,000 | 15,119,500,000 | 14,895,000,000 | 10,838,600,000 | 9,569,300,000 | 9,858,500,000 | 11,173,000,000 | |||||||||
total assets | 110,253,500,000 | 107,778,500,000 | 104,394,600,000 | 70,722,000,000 | 67,617,400,000 | 66,870,100,000 | 57,038,000,000 | 8,955,857,000 | 39,193,000,000 | 36,385,000,000 | 36,184,000,000 | 35,765,000,000 | ||||
see condensed notes to condensed financial statements of registrants beginning on page 110. | ||||||||||||||||
current liabilities | ||||||||||||||||
accounts payable | 1,213,000,000 | |||||||||||||||
short-term debt: | ||||||||||||||||
securitized debt for receivables – aep credit | ||||||||||||||||
other short-term debt | 632,000,000 | |||||||||||||||
total short-term debt | ||||||||||||||||
long-term debt due within one year | ||||||||||||||||
risk management liabilities | 60,000,000 | 39,092,000 | ||||||||||||||
customer deposits | 302,000,000 | 57,025,000 | ||||||||||||||
accrued taxes | 803,000,000 | 63,997,000 | ||||||||||||||
accrued interest | 220,000,000 | 69,518,000 | ||||||||||||||
obligations under operating leases | ||||||||||||||||
other current liabilities | 917,000,000 | |||||||||||||||
total current liabilities | 6,519,000,000 | |||||||||||||||
noncurrent liabilities | ||||||||||||||||
long-term debt | ||||||||||||||||
long-term risk management liabilities | 137,000,000 | 30,055,000 | ||||||||||||||
deferred income taxes | 10,446,000,000 | 107,721,000 | ||||||||||||||
regulatory liabilities and deferred investment tax credits | 3,765,000,000 | 518,038,000 | ||||||||||||||
asset retirement obligations | 1,853,000,000 | |||||||||||||||
employee benefits and pension obligations | 456,000,000 | 329,245,000 | ||||||||||||||
deferred credits and other noncurrent liabilities | 968,000,000 | |||||||||||||||
total noncurrent liabilities | 34,100,000,000 | |||||||||||||||
total liabilities | 40,619,000,000 | 6,504,324,000 | ||||||||||||||
rate matters | ||||||||||||||||
commitments and contingencies | ||||||||||||||||
mezzanine equity | ||||||||||||||||
contingently redeemable performance share awards | ||||||||||||||||
total mezzanine equity | ||||||||||||||||
equity | ||||||||||||||||
common stock – par value – 6.50 per share: | ||||||||||||||||
shares authorized | 600,000,000,000,000 | 600,000,000,000,000 | 600,000,000,000,000 | 600,000,000,000,000 | 600,000,000,000,000 | 600,000,000,000,000 | 600,000,000,000,000 | 600,000,000,000,000 | ||||||||
shares issued | 536,312,729,000,000 | 535,755,643,000,000 | 535,185,918,000,000 | 513,130,857,000,000 | 418,174,728,000,000 | 415,979,691,000,000 | 415,446,501,000,000 | 415,412,203,000,000 | ||||||||
paid-in capital | 6,144,000,000 | 1,225,318,000 | ||||||||||||||
retained earnings | 7,076,000,000 | 1,005,248,000 | ||||||||||||||
accumulated other comprehensive income | -109,000,000 | -57,243,000 | ||||||||||||||
total aep common shareholders’ equity | 16,416,000,000 | |||||||||||||||
noncontrolling interests | 3,000,000 | |||||||||||||||
total equity | 16,419,000,000 | |||||||||||||||
total liabilities, mezzanine equity and total equity | ||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 107. | ||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 96. | ||||||||||||||||
net income | 961,700,000 | 342,500,000 | 1,005,700,000 | 958,300,000 | ||||||||||||
other comprehensive income, net of taxes | ||||||||||||||||
cash flow hedges, net of tax of (12.3) and (0.3) for the three months ended september 30, 2024 and 2023, respectively, and (8.0) and (31.5) for the nine months ended september 30, 2024 and 2023, respectively | -46,300,000 | |||||||||||||||
amortization of pension and opeb deferred costs, net of tax of (0.1) and (0.8) for the three months ended september 30, 2024 and 2023, respectively, and (0.3) and (5.9) for the nine months ended september 30, 2024 and 2023, respectively | -600,000 | |||||||||||||||
reclassifications of kpco pension and opeb regulatory assets, net of tax of 0 and 0 for the three months ended september 30, 2024 and 2023, respectively, and 0 and 4.4 for the nine months ended september 30, 2024 and 2023, respectively | ||||||||||||||||
total other comprehensive loss | -46,900,000 | -6,800,000 | ||||||||||||||
total comprehensive income | 914,800,000 | 364,800,000 | 998,900,000 | 954,200,000 | ||||||||||||
total comprehensive income attributable to noncontrolling interests | 2,100,000 | 2,200,000 | 2,600,000 | 4,600,000 | ||||||||||||
total comprehensive income attributable to aep common shareholders | 912,700,000 | 362,600,000 | 996,300,000 | 949,600,000 | ||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 108. | ||||||||||||||||
aep common shareholders | ||||||||||||||||
common stock | ||||||||||||||||
shares | ||||||||||||||||
total equity – december 31, 2022 | 525,100,000 | |||||||||||||||
issuance of common stock | 800,000 | |||||||||||||||
common stock dividends | ||||||||||||||||
other changes in equity | ||||||||||||||||
other comprehensive loss | ||||||||||||||||
total equity – march 31, 2023 | 525,900,000 | |||||||||||||||
other comprehensive income | ||||||||||||||||
total equity – june 30, 2023 | ||||||||||||||||
disposition of competitive contracted renewables portfolio | ||||||||||||||||
total equity – september 30, 2023 | ||||||||||||||||
total equity – december 31, 2023 | 527,400,000 | |||||||||||||||
total equity – march 31, 2024 | 528,200,000 | |||||||||||||||
total equity – june 30, 2024 | ||||||||||||||||
total equity – september 30, 2024 | ||||||||||||||||
cash flow hedges, net of tax of 5.9 and 9.3 for the three months ended june 30, 2024 and 2023, respectively, and 4.3 and (31.2) for the six months ended june 30, 2024 and 2023, respectively | 22,400,000 | |||||||||||||||
amortization of pension and opeb deferred costs, net of tax of 0 and (0.8) for the three months ended june 30, 2024 and 2023, respectively, and (0.2) and (5.1) for the six months ended june 30, 2024 and 2023, respectively | -100,000 | |||||||||||||||
reclassifications of kpco pension and opeb regulatory assets, net of tax of 0 and 0 for the three months ended june 30, 2024 and 2023, respectively, and 0 and 4.4 for the six months ended june 30, 2024 and 2023, respectively | ||||||||||||||||
total other comprehensive income | 22,300,000 | -4,100,000 | ||||||||||||||
other comprehensive loss, net of taxes | ||||||||||||||||
cash flow hedges, net of tax of (1.6) and (40.5) in 2024 and 2023, respectively | -6,200,000 | |||||||||||||||
amortization of pension and opeb deferred costs, net of tax of (0.2) and (4.3) in 2024 and 2023, respectively | -600,000 | |||||||||||||||
reclassifications of kpco pension and opeb regulatory assets, net of tax of 0 and 4.4 in 2024 and 2023, respectively | ||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 99. | ||||||||||||||||
cash flow hedges, net of tax of (0.3) and (19.5) for the three months ended september 30, 2023 and 2022, respectively, and (31.5) and 81.6 for the nine months ended september 30, 2023 and 2022, respectively | -900,000 | |||||||||||||||
amortization of pension and opeb deferred costs, net of tax of (0.8) and (0.8) for the three months ended september 30, 2023 and 2022, respectively, and (5.9) and (4.5) for the nine months ended september 30, 2023 and 2022, respectively | -3,200,000 | |||||||||||||||
reclassifications of kpco pension and opeb regulatory assets, net of tax of 0 and 0 for the three months ended september 30, 2023 and 2022, respectively, and 4.4 and 0 for the nine months ended september 30, 2023 and 2022, respectively | ||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 114. | ||||||||||||||||
total equity – december 31, 2021 | ||||||||||||||||
total equity – march 31, 2022 | ||||||||||||||||
total equity – june 30, 2022 | ||||||||||||||||
total equity – september 30, 2022 | ||||||||||||||||
allowance for uncollectible accounts | -40,900,000 | -40,400,000 | -40,600,000 | -66,000,000 | -6,566,000 | -40,000,000 | -34,000,000 | -34,000,000 | -33,000,000 | |||||||
margin deposits | 136,300,000 | 108,800,000 | 115,300,000 | 117,000,000 | 75,000,000 | 90,000,000 | 154,000,000 | 171,000,000 | ||||||||
see condensed notes to condensed financial statements of registrants beginning on page 103. | ||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 141. | ||||||||||||||||
regulatory liability for over-recovered fuel costs | 60,000,000 | |||||||||||||||
redeemable noncontrolling interest | ||||||||||||||||
pledged accounts receivable - aep credit | 1,015,000,000 | |||||||||||||||
other property, plant and equipment (including plant to be retired, coal mining | ||||||||||||||||
and nuclear fuel) | 5,552,000,000 | |||||||||||||||
see condensed notes to condensed consolidated financial statements beginning on page 35. | ||||||||||||||||
american electric power company, inc. and subsidiary companies | ||||||||||||||||
condensed consolidated balance sheets | ||||||||||||||||
liabilities and equity | ||||||||||||||||
march 31, 2014 and december 31, 2013 | ||||||||||||||||
securitized debt for receivables - aep credit | 700,000,000 | |||||||||||||||
total liabilities and equity | 57,038,000,000 | |||||||||||||||
affiliated companies | 79,998,000 | |||||||||||||||
prepayments and other | 48,669,000 | 74,000,000 | ||||||||||||||
total | 937,874,000 | 3,263,000,000 | 3,175,000,000 | 3,255,000,000 | 3,249,000,000 | |||||||||||
production | 4,147,818,000 | 19,618,000,000 | 16,712,000,000 | 16,877,000,000 | 16,726,000,000 | |||||||||||
other | 355,514,000 | 3,320,000,000 | 100,000,000 | 104,000,000 | 107,000,000 | |||||||||||
total - net | 6,820,769,000 | 28,467,000,000 | 25,822,000,000 | 25,398,000,000 | 24,808,000,000 | |||||||||||
deferred charges and other | 119,665,000 | 896,000,000 | ||||||||||||||
advances from affiliates | 120,481,000 | |||||||||||||||
accounts payable: | ||||||||||||||||
general | 254,384,000 | |||||||||||||||
long-term debt due within one year – nonaffiliated | 150,017,000 | |||||||||||||||
long-term debt – nonaffiliated | 3,271,191,000 | |||||||||||||||
long-term debt – affiliated | 100,000,000 | |||||||||||||||
deferred credits and other | 115,568,000 | |||||||||||||||
cumulative preferred stock not subject to mandatory redemption | 17,752,000 | |||||||||||||||
common shareholder’s equity | ||||||||||||||||
common stock – no par value: | ||||||||||||||||
authorized – 30,000,000 shares | ||||||||||||||||
outstanding – 13,499,500 shares | 260,458,000 | |||||||||||||||
total liabilities and shareholders’ equity | 8,955,857,000 | |||||||||||||||
fuel, materials and supplies | 1,038,000,000 | 810,000,000 | 865,000,000 | 776,000,000 | ||||||||||||
securitized transition assets | 2,116,000,000 | |||||||||||||||
employee benefits and pension assets | 303,000,000 | 1,059,000,000 | 1,075,000,000 | 1,090,000,000 | ||||||||||||
assets held for sale | 110,000,000 | 46,000,000 | 44,000,000 | |||||||||||||
short-term debt | ||||||||||||||||
deferred gain on sale and leaseback – rockport plant unit 2 | ||||||||||||||||
common shareholders’ equity | ||||||||||||||||
common stock par value 6.50: | ||||||||||||||||
other temporary cash investments | 198,000,000 | 173,000,000 | 202,000,000 | |||||||||||||
total receivables | 1,083,000,000 | 1,017,000,000 | 1,000,000,000 | |||||||||||||
securitized transition assets and other | 558,000,000 | 572,000,000 | 583,000,000 | |||||||||||||
investments in power and distribution projects | 45,000,000 | 45,000,000 | 47,000,000 | |||||||||||||
deferred gain on sale and leaseback - rockport plant unit 2 | ||||||||||||||||
2006 2005 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2022-09-30 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2018-09-30 | 2018-06-30 | 2014-03-31 | 2013-03-31 | 2011-03-31 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||
net income | 1,000,300,000 | 1,288,300,000 | 802,200,000 | 961,700,000 | 342,500,000 | 1,005,700,000 | 683,300,000 | 796,900,000 | 573,800,000 | 578,800,000 | 579,700,000 | 821,000,000 | 556,000,000 | 381,000,000 | ||||||||||||||
adjustments to reconcile net income to net cash flows from operating activities: | ||||||||||||||||||||||||||||
depreciation and amortization | 879,600,000 | 853,100,000 | 833,400,000 | 852,700,000 | 821,900,000 | 787,100,000 | 821,800,000 | 700,300,000 | 707,300,000 | 696,300,000 | 602,600,000 | 1,065,000,000 | 689,000,000 | 341,000,000 | ||||||||||||||
deferred income taxes | 177,200,000 | -218,800,000 | 165,200,000 | 145,600,000 | 57,200,000 | -113,300,000 | -4,800,000 | 104,400,000 | 42,400,000 | 44,300,000 | -106,700,000 | -88,000,000 | 10,000,000 | 7,000,000 | ||||||||||||||
asset impairments and other related charges | 0 | |||||||||||||||||||||||||||
allowance for equity funds used during construction | -58,500,000 | -57,100,000 | -57,300,000 | -54,200,000 | -55,200,000 | -43,600,000 | -35,600,000 | -37,000,000 | -33,500,000 | -33,400,000 | -30,900,000 | |||||||||||||||||
mark-to-market of risk management contracts | 48,000,000 | -225,800,000 | -14,800,000 | -22,600,000 | -115,900,000 | 40,900,000 | -269,100,000 | 74,900,000 | 5,100,000 | 21,000,000 | 17,500,000 | -21,000,000 | -43,000,000 | -9,000,000 | ||||||||||||||
pension contributions to qualified plan trust | 0 | |||||||||||||||||||||||||||
property taxes | 300,700,000 | 329,000,000 | -88,400,000 | 295,100,000 | 302,400,000 | -89,200,000 | 268,300,000 | 247,800,000 | 242,100,000 | -74,800,000 | 184,900,000 | |||||||||||||||||
deferred fuel over/under-recovery | 206,000,000 | 33,200,000 | -74,500,000 | 184,600,000 | 76,600,000 | 43,400,000 | 450,800,000 | -138,600,000 | 6,900,000 | -1,225,100,000 | 198,300,000 | |||||||||||||||||
change in other noncurrent assets | -280,200,000 | -308,600,000 | -130,900,000 | -113,000,000 | -56,500,000 | -74,500,000 | 43,300,000 | 21,200,000 | -123,000,000 | -168,900,000 | 151,200,000 | 72,000,000 | 109,000,000 | 73,000,000 | ||||||||||||||
change in other noncurrent liabilities | 92,400,000 | -100,100,000 | 141,500,000 | 3,900,000 | 128,100,000 | 61,800,000 | 179,500,000 | -800,000 | 80,000,000 | 83,500,000 | -43,200,000 | -21,000,000 | -42,000,000 | -5,000,000 | ||||||||||||||
changes in certain components of working capital: | ||||||||||||||||||||||||||||
accounts receivable | -36,000,000 | -174,900,000 | -1,500,000 | 77,500,000 | -244,200,000 | 34,900,000 | -49,900,000 | 16,300,000 | -202,600,000 | -12,900,000 | 157,600,000 | 139,000,000 | 202,000,000 | 214,000,000 | ||||||||||||||
fuel, materials and supplies | 36,400,000 | -24,300,000 | 138,600,000 | 77,200,000 | 7,000,000 | 104,300,000 | -24,100,000 | 215,100,000 | 92,800,000 | 39,500,000 | 67,500,000 | -84,000,000 | -140,000,000 | -50,000,000 | ||||||||||||||
accounts payable | 40,400,000 | 280,700,000 | 6,200,000 | -62,800,000 | 176,500,000 | -99,500,000 | -115,400,000 | 10,100,000 | -74,300,000 | 171,800,000 | 8,600,000 | -49,000,000 | -17,000,000 | -115,000,000 | ||||||||||||||
accrued taxes | -218,700,000 | -315,100,000 | -153,400,000 | -231,000,000 | -243,600,000 | -57,700,000 | -294,600,000 | -233,700,000 | -156,600,000 | -80,800,000 | -119,700,000 | 176,000,000 | 90,000,000 | 176,000,000 | ||||||||||||||
other current assets | 27,100,000 | 34,200,000 | -23,600,000 | 4,800,000 | -52,700,000 | -91,300,000 | -28,700,000 | -43,700,000 | 36,700,000 | -26,300,000 | -3,100,000 | 142,000,000 | 86,000,000 | 69,000,000 | ||||||||||||||
other current liabilities | 245,000,000 | -78,000,000 | -92,700,000 | 53,200,000 | 175,400,000 | -66,800,000 | -67,200,000 | 140,400,000 | -13,800,000 | -185,700,000 | 213,400,000 | -98,000,000 | -215,000,000 | -260,000,000 | ||||||||||||||
net cash flows from operating activities | 2,459,700,000 | 1,221,100,000 | 1,450,000,000 | 2,172,700,000 | 1,462,000,000 | 1,442,200,000 | 1,742,500,000 | 1,929,100,000 | 1,925,800,000 | 873,800,000 | 1,133,000,000 | 756,000,000 | 830,000,000 | 2,000,000 | 1,014,000,000 | 540,000,000 | 317,000,000 | 856,000,000 | 569,000,000 | 628,000,000 | 661,000,000 | 618,000,000 | 351,000,000 | 2,213,000,000 | 1,137,000,000 | 590,000,000 | ||
investing activities | ||||||||||||||||||||||||||||
construction expenditures | -1,981,000,000 | -1,920,000,000 | -2,100,200,000 | -1,850,300,000 | -1,556,600,000 | -1,761,700,000 | -1,610,400,000 | -1,302,200,000 | -1,292,100,000 | -1,492,700,000 | -1,465,000,000 | -2,445,000,000 | -1,625,000,000 | -772,000,000 | ||||||||||||||
purchases of investment securities | -1,070,500,000 | -733,800,000 | -602,700,000 | -1,207,900,000 | -600,100,000 | -590,000,000 | -613,400,000 | -449,500,000 | -825,200,000 | -337,600,000 | -522,000,000 | -8,153,000,000 | -5,647,000,000 | -2,469,000,000 | ||||||||||||||
sales of investment securities | 1,038,200,000 | 724,500,000 | 586,500,000 | 1,186,400,000 | 584,600,000 | 572,500,000 | 588,500,000 | 439,900,000 | 806,300,000 | 325,500,000 | 513,100,000 | 8,056,000,000 | 5,596,000,000 | 2,380,000,000 | ||||||||||||||
acquisitions of generation facilities | -298,000,000 | |||||||||||||||||||||||||||
acquisitions of nuclear fuel | -43,300,000 | -9,800,000 | -35,800,000 | -28,600,000 | -36,100,000 | -33,700,000 | -24,200,000 | -200,000 | -7,100,000 | -55,900,000 | -1,900,000 | |||||||||||||||||
proceeds from sales of assets | 7,200,000 | 120,000,000 | 123,000,000 | 111,000,000 | ||||||||||||||||||||||||
proceeds from sale of equity method investment | 0 | 0 | 114,000,000 | |||||||||||||||||||||||||
other investing activities | -59,800,000 | 53,100,000 | 50,200,000 | 15,600,000 | 27,800,000 | 29,600,000 | 28,800,000 | 18,500,000 | 3,900,000 | 29,400,000 | 26,000,000 | |||||||||||||||||
net cash flows used for investing activities | -2,401,800,000 | -3,245,300,000 | -2,102,000,000 | -1,519,800,000 | -1,580,400,000 | -1,669,300,000 | -1,623,500,000 | -1,676,400,000 | -1,595,600,000 | -1,634,200,000 | -1,449,800,000 | -2,257,900,000 | -981,000,000 | -772,000,000 | -613,000,000 | -430,000,000 | -619,000,000 | -751,000,000 | -727,000,000 | -1,416,000,000 | -751,000,000 | -894,000,000 | -808,000,000 | -1,499,000,000 | -628,000,000 | -2,474,000,000 | ||
financing activities | ||||||||||||||||||||||||||||
capital contribution from noncontrolling interest | ||||||||||||||||||||||||||||
issuance of common stock | 55,700,000 | 56,400,000 | 75,400,000 | 37,200,000 | 435,200,000 | 40,600,000 | 14,500,000 | 291,100,000 | 72,300,000 | 184,600,000 | 11,600,000 | 24,000,000 | 6,000,000 | 5,000,000 | ||||||||||||||
issuance of long-term debt | 3,086,000,000 | 2,601,600,000 | 561,600,000 | 85,200,000 | 2,803,400,000 | 859,900,000 | 789,300,000 | 2,007,200,000 | 1,103,600,000 | 1,951,500,000 | 1,362,800,000 | 1,229,000,000 | 1,081,000,000 | 55,000,000 | ||||||||||||||
issuance of short-term debt with original maturities greater than 90 days | 0 | 0 | 319,900,000 | 0 | 0 | 376,600,000 | 0 | 0 | 534,300,000 | 644,200,000 | ||||||||||||||||||
change in short-term debt with original maturities less than 90 days | -243,900,000 | -1,516,700,000 | 752,400,000 | 183,900,000 | -1,700,900,000 | 840,900,000 | 1,072,300,000 | -194,700,000 | -454,700,000 | 16,900,000 | ||||||||||||||||||
retirement of long-term debt | -1,479,700,000 | -1,095,000,000 | -229,100,000 | -200,000,000 | -606,900,000 | -1,162,200,000 | -1,096,700,000 | -551,700,000 | -347,400,000 | -650,700,000 | -619,700,000 | -711,000,000 | -676,000,000 | -142,000,000 | ||||||||||||||
redemption of short-term debt with original maturities greater than 90 days | -100,000,000 | -327,800,000 | -250,000,000 | -206,000,000 | -355,000,000 | -310,100,000 | -500,000,000 | -429,300,000 | 0 | -92,000,000 | ||||||||||||||||||
principal payments for finance lease obligations | -12,900,000 | -12,500,000 | -12,500,000 | -15,400,000 | -18,800,000 | -17,000,000 | -14,100,000 | -15,000,000 | -15,300,000 | -15,000,000 | ||||||||||||||||||
proceeds from the midwest transmission holdings noncontrolling interest transaction, net of transaction costs | 0 | |||||||||||||||||||||||||||
dividends paid on common stock | -497,400,000 | -499,500,000 | -501,000,000 | -471,400,000 | -469,100,000 | -466,900,000 | -409,000,000 | -376,200,000 | -374,500,000 | -372,000,000 | -308,300,000 | -437,000,000 | -291,000,000 | -146,000,000 | ||||||||||||||
dividends paid to noncontrolling interest | ||||||||||||||||||||||||||||
other financing activities | 100,000 | 21,400,000 | -18,700,000 | -15,100,000 | -3,400,000 | -31,900,000 | -19,200,000 | 82,900,000 | -48,100,000 | -30,400,000 | 600,000 | |||||||||||||||||
net cash flows from (used for) financing activities | 74,200,000 | 1,184,800,000 | 22,000,000 | 119,000,000 | 297,000,000 | 42,000,000 | ||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 828,200,000 | -13,400,000 | 46,000,000 | |||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | 0 | 246,000,000 | 0 | 0 | 379,000,000 | 0 | 0 | 0 | 438,300,000 | 0 | |||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 828,200,000 | -13,400,000 | 292,000,000 | 51,300,000 | -33,900,000 | 281,800,000 | -43,900,000 | 1,067,000,000 | 35,700,000 | 324,000,000 | 550,200,000 | |||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 110. | ||||||||||||||||||||||||||||
net cash flows from financing activities | 2,010,800,000 | 698,000,000 | 84,500,000 | 129,900,000 | -162,900,000 | 814,300,000 | 470,200,000 | 1,637,100,000 | 114,000,000 | 756,000,000 | 124,000,000 | -141,000,000 | 709,000,000 | 680,000,000 | 245,000,000 | 243,000,000 | 171,000,000 | 794,000,000 | 235,000,000 | |||||||||
supplementary information | ||||||||||||||||||||||||||||
cash paid for interest, net of capitalized amounts | 596,000,000 | 350,200,000 | 512,700,000 | 368,300,000 | 215,300,000 | 339,400,000 | 220,500,000 | 175,900,000 | 462,000,000 | 316,000,000 | ||||||||||||||||||
net cash paid for income taxes | 52,200,000 | 7,100,000 | 44,700,000 | 16,100,000 | 206,000,000 | |||||||||||||||||||||||
cash paid for transferable tax credits | ||||||||||||||||||||||||||||
noncash acquisitions under finance leases | 8,800,000 | 7,900,000 | 13,500,000 | 7,000,000 | 6,700,000 | 7,300,000 | 9,000,000 | |||||||||||||||||||||
construction expenditures included in current liabilities as of june 30, | ||||||||||||||||||||||||||||
acquisition of nuclear fuel included in current liabilities as of june 30, | ||||||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 107. | ||||||||||||||||||||||||||||
cash paid (received) for transferable tax credits | -17,200,000 | |||||||||||||||||||||||||||
construction expenditures included in current liabilities as of march 31, | 1,040,900,000 | 837,000,000 | 762,700,000 | |||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 96. | ||||||||||||||||||||||||||||
loss on the sale of the competitive contracted renewables portfolio | ||||||||||||||||||||||||||||
acquisitions of renewable energy facilities | ||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 108. | ||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -33,900,000 | -97,200,000 | -23,000,000 | 24,000,000 | -87,000,000 | -42,000,000 | ||||||||||||||||||||||
cash received from sale of transferable tax credits | -62,000,000 | |||||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 99. | ||||||||||||||||||||||||||||
loss on the expected sale of the kentucky operations | 194,500,000 | |||||||||||||||||||||||||||
impairment of equity method investment | 2,500,000 | |||||||||||||||||||||||||||
gain on sale of mineral rights | 0 | |||||||||||||||||||||||||||
establishment of 2017-2019 virginia triennial review regulatory asset | ||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -43,900,000 | 1,067,000,000 | 35,700,000 | -114,300,000 | 174,000,000 | -100,000,000 | 331,000,000 | 328,000,000 | 519,000,000 | -352,000,000 | 299,000,000 | 120,000,000 | -142,000,000 | -152,000,000 | -125,000,000 | |||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 114. | ||||||||||||||||||||||||||||
acquisition of the dry lake solar project | -100,000 | -11,400,000 | -102,900,000 | |||||||||||||||||||||||||
acquisition of the north central wind energy facilities | 0 | -382,800,000 | ||||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 144. | ||||||||||||||||||||||||||||
noncontrolling interest assumed - dry lake solar project | 1,600,000 | |||||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 138. | ||||||||||||||||||||||||||||
rockport rent, unit 2 operating lease amortization | ||||||||||||||||||||||||||||
amortization of nuclear fuel | 21,500,000 | 17,700,000 | 22,700,000 | 31,200,000 | 38,000,000 | 25,000,000 | ||||||||||||||||||||||
rockport plant, unit 2 operating lease payments | 0 | |||||||||||||||||||||||||||
redemption of noncontrolling interest in trent and desert sky windfarms | ||||||||||||||||||||||||||||
net cash paid (received) for income taxes | -200,000 | |||||||||||||||||||||||||||
construction expenditures included in current liabilities as of september 30, | ||||||||||||||||||||||||||||
construction expenditures included in noncurrent liabilities as of september 30, | ||||||||||||||||||||||||||||
acquisition of nuclear fuel included in current liabilities as of september 30, | ||||||||||||||||||||||||||||
noncash contribution of assets to cedar creek project | ||||||||||||||||||||||||||||
expected reimbursement for spent nuclear fuel dry cask storage | 400,000 | 100,000 | 100,000 | 1,400,000 | ||||||||||||||||||||||||
forward equity purchase contract included in current and noncurrent liabilities as of september 30, | ||||||||||||||||||||||||||||
retail: | ||||||||||||||||||||||||||||
residential | ||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||
industrial | ||||||||||||||||||||||||||||
miscellaneous | ||||||||||||||||||||||||||||
total retail | ||||||||||||||||||||||||||||
rockport plant, unit 2 operating lease amortization | 34,000,000 | 32,800,000 | ||||||||||||||||||||||||||
construction expenditures included in noncurrent liabilities as of june 30, | ||||||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 137. | ||||||||||||||||||||||||||||
net cash flows from (used for) operating activities | -117,200,000 | |||||||||||||||||||||||||||
construction expenditures included in noncurrent liabilities as of march 31, | ||||||||||||||||||||||||||||
acquisition of nuclear fuel included in current liabilities as of march 31, | 6,700,000 | |||||||||||||||||||||||||||
noncontrolling interest assumed with the dry lake solar project acquisition | 18,900,000 | |||||||||||||||||||||||||||
recovery of ohio capacity costs | 16,900,000 | |||||||||||||||||||||||||||
refund of global settlement | ||||||||||||||||||||||||||||
acquisition of sempra renewables llc and santa rita east, net of cash and restricted cash acquired | ||||||||||||||||||||||||||||
make whole premium on extinguishment of long-term debt | ||||||||||||||||||||||||||||
noncontrolling interest assumed with sempra renewable llc and santa rita east acquisition | ||||||||||||||||||||||||||||
liabilities assumed with sempra renewable llc and santa rita east acquisition | ||||||||||||||||||||||||||||
see condensed notes to condensed financial statements of registrants beginning on page 134. | ||||||||||||||||||||||||||||
gain on sale of merchant generation assets | ||||||||||||||||||||||||||||
gain on sale of equity investment | ||||||||||||||||||||||||||||
benefit from refund – global settlement | ||||||||||||||||||||||||||||
proceeds from sale of merchant generation assets | ||||||||||||||||||||||||||||
commercial paper and credit facility borrowings | 0 | |||||||||||||||||||||||||||
change in short-term debt | -348,000,000 | 11,000,000 | 147,000,000 | 216,000,000 | ||||||||||||||||||||||||
commercial paper and credit facility repayments | 1,400,000 | |||||||||||||||||||||||||||
principal payments for capital lease obligations | -15,900,000 | |||||||||||||||||||||||||||
noncash acquisitions under capital leases | 10,700,000 | 66,000,000 | 37,000,000 | 20,000,000 | ||||||||||||||||||||||||
noncash contribution of assets by noncontrolling interest | 0 | |||||||||||||||||||||||||||
provision for refund – global settlement | ||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 118,000,000 | 279,000,000 | 294,000,000 | 490,000,000 | 0 | 0 | 411,000,000 | 0 | 0 | 178,000,000 | 0 | 0 | 301,000,000 | 401,000,000 | 401,000,000 | 401,000,000 | ||||||||||||
cash and cash equivalents at end of period | 292,000,000 | 179,000,000 | 625,000,000 | 818,000,000 | 519,000,000 | -352,000,000 | 710,000,000 | 120,000,000 | 63,000,000 | 155,000,000 | 24,000,000 | -87,000,000 | 259,000,000 | 259,000,000 | 249,000,000 | 276,000,000 | ||||||||||||
net cash flows used for financing activities | -84,000,000 | |||||||||||||||||||||||||||
less: discontinued operations, net of tax | -6,000,000 | |||||||||||||||||||||||||||
income before discontinued operations | 815,000,000 | |||||||||||||||||||||||||||
adjustments for noncash items: | ||||||||||||||||||||||||||||
accretion of asset retirement obligations | 47,000,000 | 30,000,000 | 15,000,000 | |||||||||||||||||||||||||
deferred investment tax credits | -20,000,000 | -14,000,000 | -7,000,000 | |||||||||||||||||||||||||
asset impairments, investment value losses and other related charges | 209,000,000 | |||||||||||||||||||||||||||
carrying costs income | -66,000,000 | -63,000,000 | -30,000,000 | |||||||||||||||||||||||||
deferred property taxes | 105,000,000 | 12,000,000 | -82,000,000 | |||||||||||||||||||||||||
pension contributions to qualified plan trusts | ||||||||||||||||||||||||||||
fuel over/under-recovery | 158,000,000 | 128,000,000 | ||||||||||||||||||||||||||
gain on sales of assets and equity investments | -71,000,000 | -71,000,000 | -71,000,000 | |||||||||||||||||||||||||
customer deposits | -235,000,000 | -189,000,000 | -157,000,000 | |||||||||||||||||||||||||
acquisition of waterford plant | ||||||||||||||||||||||||||||
change in other temporary cash investments | 20,000,000 | 3,000,000 | 27,000,000 | |||||||||||||||||||||||||
other | -72,000,000 | -36,000,000 | -34,000,000 | |||||||||||||||||||||||||
repurchase of common stock | ||||||||||||||||||||||||||||
construction expenditures included in accounts payable at september 30, | 334,000,000 | |||||||||||||||||||||||||||
disposition of liabilities related to acquisitions/divestitures | ||||||||||||||||||||||||||||
less: income from discontinued operations | -6,000,000 | -3,000,000 | ||||||||||||||||||||||||||
income from continuing operations | 550,000,000 | 378,000,000 | ||||||||||||||||||||||||||
net cash flows from (used for) investing activities | -1,586,000,000 | -757,000,000 | ||||||||||||||||||||||||||
cash paid for income taxes, net of refunds | 123,000,000 | 13,000,000 | ||||||||||||||||||||||||||
construction expenditures included in accounts payable at june 30, | 273,000,000 | |||||||||||||||||||||||||||
acquisition of nuclear fuel in accounts payable at june 30, | 26,000,000 | |||||||||||||||||||||||||||
disposition of liabilities related to divestitures | ||||||||||||||||||||||||||||
see condensed notes to condensed consolidated financial statements. | ||||||||||||||||||||||||||||
fuel under-recovery | 103,000,000 | |||||||||||||||||||||||||||
cash paid for interest | 159,000,000 | |||||||||||||||||||||||||||
construction expenditures included in accounts payable at march 31, | 246,000,000 |