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Condensed Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Utility Operations $ 3,360,000,000 $ 3,186,000,000 $ 6,857,000,000 $ 6,592,000,000
Other Revenues 249,000,000 174,000,000 482,000,000 337,000,000
TOTAL REVENUES 3,609,000,000 3,360,000,000 7,339,000,000 6,929,000,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 980,000,000 895,000,000 2,036,000,000 1,909,000,000
Purchased Electricity for Resale 287,000,000 227,000,000 562,000,000 465,000,000
Other Operation 697,000,000 994,000,000 1,383,000,000 1,667,000,000
Maintenance 316,000,000 243,000,000 581,000,000 514,000,000
Depreciation and Amortization 410,000,000 405,000,000 813,000,000 813,000,000
Taxes Other Than Income Taxes 202,000,000 202,000,000 415,000,000 409,000,000
TOTAL EXPENSES 2,892,000,000 2,966,000,000 5,790,000,000 5,777,000,000
OPERATING INCOME (LOSS) 717,000,000 394,000,000 1,549,000,000 1,152,000,000
Other Income (Expense):        
Interest and Investment Income 3,000,000 18,000,000 5,000,000 21,000,000
Carrying Costs Income 17,000,000 19,000,000 32,000,000 33,000,000
Allowance for Equity Funds Used During Construction 23,000,000 19,000,000 43,000,000 43,000,000
Interest Expense (239,000,000) (249,000,000) (481,000,000) (499,000,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 521,000,000 201,000,000 1,148,000,000 750,000,000
Income Tax Expense (Credit) 174,000,000 65,000,000 452,000,000 272,000,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 6,000,000 1,000,000 12,000,000 5,000,000
NET INCOME (LOSS) 353,000,000 137,000,000 708,000,000 483,000,000
Less: Net Income Attributable to Noncontrolling Interests 1,000,000 1,000,000 2,000,000 2,000,000
NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS 352,000,000 136,000,000 706,000,000 481,000,000
Less: Preferred Stock Dividend Requirements 0 0 1,000,000 1,000,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 352,000,000 136,000,000 705,000,000 480,000,000
Earnings Per Share        
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 481,928,494 479,050,774 481,538,549 478,741,871
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 0.73 $ 0.28 $ 1.46 $ 1.00
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 482,203,255 479,176,543 481,786,698 479,012,304
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 0.73 $ 0.28 $ 1.46 $ 1.00
CASH DIVIDENDS DECLARED PER SHARE $ 0.46 $ 0.42 $ 0.92 $ 0.83
Appalachian Power Co [Member]
       
Revenues        
Utility Operations 666,785,000 633,140,000 1,417,797,000 1,479,130,000
Sales to AEP Affiliates 82,531,000 67,365,000 161,222,000 146,136,000
Other Revenues 2,129,000 2,769,000 4,246,000 4,631,000
TOTAL REVENUES 751,445,000 703,274,000 1,583,265,000 1,629,897,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 184,698,000 169,616,000 365,279,000 350,256,000
Purchased Electricity for Resale 69,127,000 56,936,000 138,345,000 120,619,000
Purchased Electricity from AEP Affiliates 183,661,000 179,607,000 407,850,000 447,109,000
Other Operation 74,617,000 170,907,000 187,893,000 260,947,000
Maintenance 57,163,000 14,060,000 89,456,000 77,170,000
Depreciation and Amortization 67,644,000 73,160,000 136,743,000 150,590,000
Taxes Other Than Income Taxes 25,968,000 29,955,000 53,071,000 56,235,000
TOTAL EXPENSES 662,878,000 694,241,000 1,378,637,000 1,462,926,000
OPERATING INCOME (LOSS) 88,567,000 9,033,000 204,628,000 166,971,000
Other Income (Expense):        
Interest Income 762,000 662,000 1,082,000 953,000
Carrying Costs Income 6,542,000 10,298,000 9,981,000 16,062,000
Allowance for Equity Funds Used During Construction 1,212,000 128,000 2,095,000 1,291,000
Interest Expense (53,188,000) (51,831,000) (106,127,000) (103,558,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 43,895,000 (31,710,000) 111,659,000 81,719,000
Income Tax Expense (Credit) 12,268,000 (12,091,000) 41,052,000 31,056,000
NET INCOME (LOSS) 31,627,000 (19,619,000) 70,607,000 50,663,000
Less: Preferred Stock Dividend Requirements 200,000 225,000 400,000 450,000
Capital Stock Expense       1,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 31,427,000 (19,844,000) 70,207,000 50,213,000
Columbus Southern Power Co [Member]
       
Revenues        
Utility Operations 482,655,000 503,270,000 986,026,000 1,004,289,000
Sales to AEP Affiliates 38,421,000 20,090,000 79,146,000 35,922,000
Other Revenues 383,000 744,000 889,000 1,332,000
TOTAL REVENUES 521,459,000 524,104,000 1,066,061,000 1,041,543,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 93,760,000 105,290,000 206,673,000 219,731,000
Purchased Electricity for Resale 24,885,000 20,138,000 48,402,000 39,783,000
Purchased Electricity from AEP Affiliates 105,369,000 91,287,000 206,980,000 190,086,000
Other Operation 65,113,000 103,229,000 136,180,000 180,555,000
Maintenance 32,423,000 25,114,000 61,523,000 49,397,000
Depreciation and Amortization 37,531,000 37,602,000 78,957,000 75,089,000
Taxes Other Than Income Taxes 44,128,000 44,294,000 94,277,000 91,351,000
TOTAL EXPENSES 403,209,000 426,954,000 832,992,000 845,992,000
OPERATING INCOME (LOSS) 118,250,000 97,150,000 233,069,000 195,551,000
Other Income (Expense):        
Interest Income 183,000 167,000 350,000 309,000
Carrying Costs Income 2,268,000 1,963,000 5,922,000 4,184,000
Allowance for Equity Funds Used During Construction 547,000 314,000 1,318,000 1,235,000
Interest Expense (20,201,000) (21,091,000) (39,949,000) (42,875,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 101,047,000 78,503,000 200,710,000 158,404,000
Income Tax Expense (Credit) 34,519,000 26,387,000 68,624,000 54,638,000
NET INCOME (LOSS) 66,528,000 52,116,000 132,086,000 103,766,000
Capital Stock Expense 25,000 40,000 50,000 79,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 66,503,000 52,076,000 132,036,000 103,687,000
Indiana Michigan Power Co [Member]
       
Revenues        
Utility Operations 419,627,000 408,702,000 876,489,000 846,726,000
Sales to AEP Affiliates 70,902,000 67,473,000 145,770,000 151,690,000
Other Revenues - Affiliated 28,133,000 30,685,000 52,464,000 58,651,000
Other Revenues 2,816,000 3,055,000 7,247,000 5,904,000
TOTAL REVENUES 521,478,000 509,915,000 1,081,970,000 1,062,971,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 108,322,000 102,258,000 223,384,000 221,439,000
Purchased Electricity for Resale 31,796,000 31,444,000 61,088,000 61,211,000
Purchased Electricity from AEP Affiliates 82,967,000 68,496,000 162,551,000 150,746,000
Other Operation 132,846,000 162,978,000 266,057,000 293,659,000
Maintenance 47,536,000 49,633,000 98,536,000 98,077,000
Depreciation and Amortization 33,263,000 33,971,000 67,350,000 67,802,000
Taxes Other Than Income Taxes 20,397,000 18,995,000 42,659,000 40,027,000
TOTAL EXPENSES 457,127,000 467,775,000 921,625,000 932,961,000
OPERATING INCOME (LOSS) 64,351,000 42,140,000 160,345,000 130,010,000
Other Income (Expense):        
Allowance for Equity Funds Used During Construction     7,440,000 9,002,000
Other Income 3,467,000 5,601,000 7,362,000 10,521,000
Interest Expense (24,193,000) (26,410,000) (49,384,000) (52,511,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 43,625,000 21,331,000 118,323,000 88,020,000
Income Tax Expense (Credit) 12,239,000 6,729,000 41,510,000 28,360,000
NET INCOME (LOSS) 31,386,000 14,602,000 76,813,000 59,660,000
Less: Preferred Stock Dividend Requirements 85,000 85,000 170,000 170,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 31,301,000 14,517,000 76,643,000 59,490,000
Ohio Power Co [Member]
       
Revenues        
Utility Operations 558,873,000 490,422,000 1,185,679,000 1,034,122,000
Sales to AEP Affiliates 213,076,000 222,561,000 438,125,000 529,329,000
Other Revenues - Affiliated 4,507,000 5,155,000 11,525,000 11,729,000
Other Revenues 3,515,000 3,826,000 7,470,000 8,057,000
TOTAL REVENUES 779,971,000 721,964,000 1,642,799,000 1,583,237,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 246,973,000 220,174,000 541,456,000 551,191,000
Purchased Electricity for Resale 44,098,000 38,746,000 88,995,000 77,636,000
Purchased Electricity from AEP Affiliates 38,168,000 21,583,000 65,862,000 43,774,000
Other Operation 94,669,000 146,417,000 194,387,000 235,573,000
Maintenance 69,607,000 63,472,000 133,919,000 119,703,000
Depreciation and Amortization 92,167,000 89,861,000 184,153,000 179,222,000
Taxes Other Than Income Taxes 51,005,000 52,088,000 106,166,000 105,172,000
TOTAL EXPENSES 636,687,000 632,341,000 1,314,938,000 1,312,271,000
OPERATING INCOME (LOSS) 143,284,000 89,623,000 327,861,000 270,966,000
Other Income (Expense):        
Interest Income 254,000 334,000 545,000 739,000
Carrying Costs Income 7,579,000 5,681,000 14,656,000 10,555,000
Allowance for Equity Funds Used During Construction 961,000 986,000 1,393,000 2,017,000
Interest Expense (36,430,000) (39,077,000) (73,702,000) (79,052,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 115,648,000 57,547,000 270,753,000 205,225,000
Income Tax Expense (Credit) 39,982,000 19,999,000 94,675,000 75,774,000
NET INCOME (LOSS) 75,666,000 37,548,000 176,078,000 129,451,000
Less: Preferred Stock Dividend Requirements 183,000 183,000 366,000 366,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 75,483,000 37,365,000 175,712,000 129,085,000
Public Service Co Of Oklahoma [Member]
       
Revenues        
Utility Operations 322,028,000 322,394,000 606,615,000 550,945,000
Sales to AEP Affiliates 5,785,000 4,481,000 8,581,000 13,151,000
Other Revenues 775,000 811,000 1,395,000 1,345,000
TOTAL REVENUES 328,588,000 327,686,000 616,591,000 565,441,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 100,796,000 88,615,000 192,544,000 129,587,000
Purchased Electricity for Resale 46,018,000 53,555,000 87,197,000 98,535,000
Purchased Electricity from AEP Affiliates 9,111,000 10,471,000 25,722,000 21,463,000
Other Operation 48,736,000 70,837,000 93,140,000 120,499,000
Maintenance 25,152,000 27,038,000 45,873,000 57,977,000
Depreciation and Amortization 24,096,000 26,920,000 47,959,000 54,208,000
Taxes Other Than Income Taxes 10,494,000 10,985,000 21,090,000 21,285,000
TOTAL EXPENSES 264,403,000 288,421,000 513,525,000 503,554,000
OPERATING INCOME (LOSS) 64,185,000 39,265,000 103,066,000 61,887,000
Other Income (Expense):        
Interest Income 28,000 93,000 80,000 275,000
Carrying Costs Income 1,876,000 819,000 2,523,000 1,686,000
Allowance for Equity Funds Used During Construction 284,000 119,000 650,000 366,000
Interest Expense (14,258,000) (15,765,000) (30,196,000) (33,128,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 52,115,000 24,531,000 76,123,000 31,086,000
Income Tax Expense (Credit) 20,555,000 9,042,000 29,174,000 11,458,000
NET INCOME (LOSS) 31,560,000 15,489,000 46,949,000 19,628,000
Less: Preferred Stock Dividend Requirements 49,000 49,000 98,000 103,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 31,511,000 15,440,000 46,851,000 19,525,000
Southwestern Electric Power Co [Member]
       
Revenues        
Utility Operations 388,197,000 347,657,000 735,264,000 680,735,000
Sales to AEP Affiliates 10,671,000 13,231,000 26,250,000 22,564,000
Other Revenues 666,000 579,000 975,000 972,000
TOTAL REVENUES 399,534,000 361,467,000 762,489,000 704,271,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 139,713,000 135,051,000 273,725,000 257,939,000
Purchased Electricity for Resale 39,691,000 22,841,000 78,280,000 64,727,000
Purchased Electricity from AEP Affiliates 5,116,000 4,211,000 7,227,000 13,963,000
Other Operation 50,722,000 82,265,000 104,790,000 140,518,000
Maintenance 34,790,000 28,133,000 64,181,000 45,552,000
Depreciation and Amortization 32,718,000 29,868,000 66,008,000 63,111,000
Taxes Other Than Income Taxes 16,730,000 15,580,000 33,696,000 31,475,000
TOTAL EXPENSES 319,480,000 317,949,000 627,907,000 617,285,000
OPERATING INCOME (LOSS) 80,054,000 43,518,000 134,582,000 86,986,000
Other Income (Expense):        
Interest Income 167,000 169,000 111,000 248,000
Allowance for Equity Funds Used During Construction 11,573,000 12,462,000 22,169,000 27,979,000
Interest Expense (20,835,000) (21,475,000) (43,260,000) (40,019,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 70,959,000 34,674,000 113,602,000 75,194,000
Income Tax Expense (Credit) 20,571,000 8,707,000 33,967,000 18,863,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 683,000 738,000 1,263,000 1,457,000
NET INCOME (LOSS) 51,071,000 26,705,000 80,898,000 57,788,000
Less: Net Income Attributable to Noncontrolling Interests 1,036,000 1,273,000 2,118,000 2,424,000
NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS 50,035,000 25,432,000 78,780,000 55,364,000
Less: Preferred Stock Dividend Requirements 57,000 57,000 114,000 114,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 49,978,000 $ 25,375,000 $ 78,666,000 $ 55,250,000