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Consolidated Statements of Income (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Utility Operations $ 3,235,000,000 $ 3,360,000,000 $ 6,598,000,000 $ 6,857,000,000
Other Revenues 316,000,000 249,000,000 578,000,000 482,000,000
TOTAL REVENUES 3,551,000,000 3,609,000,000 7,176,000,000 7,339,000,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 904,000,000 980,000,000 1,957,000,000 2,036,000,000
Purchased Electricity for Resale 268,000,000 287,000,000 528,000,000 562,000,000
Other Operation 719,000,000 697,000,000 1,375,000,000 1,383,000,000
Maintenance 252,000,000 316,000,000 514,000,000 581,000,000
Depreciation and Amortization 460,000,000 410,000,000 883,000,000 813,000,000
Taxes Other Than Income Taxes 207,000,000 202,000,000 424,000,000 415,000,000
TOTAL EXPENSES 2,810,000,000 2,892,000,000 5,681,000,000 5,790,000,000
OPERATING INCOME (LOSS) 741,000,000 717,000,000 1,495,000,000 1,549,000,000
Other Income (Expense):        
Interest and Investment Income 2,000,000 3,000,000 4,000,000 5,000,000
Carrying Costs Income 11,000,000 17,000,000 31,000,000 32,000,000
Allowance for Equity Funds Used During Construction 24,000,000 23,000,000 47,000,000 43,000,000
Interest Expense (235,000,000) (239,000,000) (464,000,000) (481,000,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 543,000,000 521,000,000 1,113,000,000 1,148,000,000
Income Tax Expense (Credit) 190,000,000 174,000,000 379,000,000 452,000,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 10,000,000 6,000,000 19,000,000 12,000,000
NET INCOME (LOSS) 363,000,000 353,000,000 753,000,000 708,000,000
Net Income Attributable to Noncontrolling Interests 1,000,000 1,000,000 2,000,000 2,000,000
NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS 362,000,000 352,000,000 751,000,000 706,000,000
Preferred Stock Dividend Requirements 0 0 0 1,000,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 362,000,000 352,000,000 751,000,000 705,000,000
Earnings Per Share        
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 484,500,029 481,928,494 484,164,065 481,538,549
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 0.75 $ 0.73 $ 1.55 $ 1.46
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 484,860,690 482,203,255 484,554,779 481,786,698
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 0.75 $ 0.73 $ 1.55 $ 1.46
CASH DIVIDENDS DECLARED PER SHARE $ 0.47 $ 0.46 $ 0.94 $ 0.92
Appalachian Power Co [Member]
       
Revenues        
Utility Operations 647,236,000 666,785,000 1,385,835,000 1,417,797,000
Sales to AEP Affiliates 67,043,000 82,531,000 131,344,000 161,222,000
Other Revenues 2,182,000 2,129,000 4,758,000 4,246,000
TOTAL REVENUES 716,461,000 751,445,000 1,521,937,000 1,583,265,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 181,653,000 184,698,000 368,537,000 365,279,000
Purchased Electricity for Resale 44,869,000 69,127,000 110,225,000 138,345,000
Purchased Electricity from AEP Affiliates 125,864,000 183,661,000 281,881,000 407,850,000
Other Operation 72,685,000 74,617,000 147,004,000 187,893,000
Maintenance 37,830,000 57,163,000 84,165,000 89,456,000
Depreciation and Amortization 85,139,000 67,644,000 165,552,000 136,743,000
Taxes Other Than Income Taxes 24,995,000 25,968,000 51,957,000 53,071,000
TOTAL EXPENSES 573,035,000 662,878,000 1,209,321,000 1,378,637,000
OPERATING INCOME (LOSS) 143,426,000 88,567,000 312,616,000 204,628,000
Other Income (Expense):        
Interest Income 359,000 762,000 702,000 1,082,000
Carrying Costs Income 5,467,000 6,542,000 13,252,000 9,981,000
Allowance for Equity Funds Used During Construction 4,000 1,212,000 517,000 2,095,000
Interest Expense (51,945,000) (53,188,000) (103,252,000) (106,127,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 97,311,000 43,895,000 223,835,000 111,659,000
Income Tax Expense (Credit) 34,979,000 12,268,000 86,192,000 41,052,000
NET INCOME (LOSS) 62,332,000 31,627,000 137,643,000 70,607,000
Preferred Stock Dividend Requirements 0 200,000 0 400,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 62,332,000 31,427,000 137,643,000 70,207,000
Indiana Michigan Power Co [Member]
       
Revenues        
Utility Operations 435,965,000 419,627,000 871,992,000 876,489,000
Sales to AEP Affiliates 45,728,000 70,902,000 121,643,000 145,770,000
Other Revenues - Affiliated 29,052,000 28,133,000 59,763,000 52,464,000
Other Revenues 131,000 2,816,000 3,685,000 7,247,000
TOTAL REVENUES 510,876,000 521,478,000 1,057,083,000 1,081,970,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 96,715,000 108,322,000 209,085,000 223,384,000
Purchased Electricity for Resale 29,488,000 31,796,000 65,398,000 61,088,000
Purchased Electricity from AEP Affiliates 82,188,000 82,967,000 170,141,000 162,551,000
Other Operation 134,274,000 132,846,000 269,490,000 266,057,000
Maintenance 47,244,000 47,536,000 89,509,000 98,536,000
Depreciation and Amortization 37,560,000 33,263,000 71,539,000 67,350,000
Taxes Other Than Income Taxes 18,604,000 20,397,000 40,793,000 42,659,000
TOTAL EXPENSES 446,073,000 457,127,000 915,955,000 921,625,000
OPERATING INCOME (LOSS) 64,803,000 64,351,000 141,128,000 160,345,000
Other Income (Expense):        
Allowance for Equity Funds Used During Construction     5,335,000 7,440,000
Other Income 2,848,000 3,467,000 7,110,000 7,362,000
Interest Expense (25,373,000) (24,193,000) (50,426,000) (49,384,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 42,278,000 43,625,000 97,812,000 118,323,000
Income Tax Expense (Credit) 12,468,000 12,239,000 28,781,000 41,510,000
NET INCOME (LOSS) 29,810,000 31,386,000 69,031,000 76,813,000
Preferred Stock Dividend Requirements 0 85,000 0 170,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 29,810,000 31,301,000 69,031,000 76,643,000
Ohio Power Co [Member]
       
Revenues        
Utility Operations 929,487,000 1,041,528,000 1,970,318,000 2,171,705,000
Sales to AEP Affiliates 172,561,000 235,625,000 354,318,000 488,159,000
Other Revenues - Affiliated 7,979,000 4,507,000 17,090,000 11,525,000
Other Revenues 3,723,000 3,898,000 9,247,000 8,359,000
TOTAL REVENUES 1,113,750,000 1,285,558,000 2,350,973,000 2,679,748,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 298,294,000 340,733,000 668,287,000 748,129,000
Purchased Electricity for Resale 52,104,000 68,983,000 110,238,000 137,397,000
Purchased Electricity from AEP Affiliates 81,818,000 127,894,000 170,501,000 244,345,000
Other Operation 162,086,000 159,553,000 292,428,000 329,952,000
Maintenance 74,015,000 102,030,000 154,619,000 195,442,000
Depreciation and Amortization 137,009,000 129,698,000 271,439,000 263,110,000
Taxes Other Than Income Taxes 98,420,000 95,133,000 203,838,000 200,443,000
TOTAL EXPENSES 903,746,000 1,024,024,000 1,871,350,000 2,118,818,000
OPERATING INCOME (LOSS) 210,004,000 261,534,000 479,623,000 560,930,000
Other Income (Expense):        
Interest Income 345,000 437,000 1,443,000 895,000
Carrying Costs Income 4,511,000 9,847,000 7,269,000 20,578,000
Allowance for Equity Funds Used During Construction 915,000 1,508,000 2,038,000 2,711,000
Interest Expense (53,147,000) (56,631,000) (107,408,000) (113,651,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 162,628,000 216,695,000 382,965,000 471,463,000
Income Tax Expense (Credit) 61,205,000 74,501,000 130,712,000 163,299,000
NET INCOME (LOSS) 101,423,000 142,194,000 252,253,000 308,164,000
Preferred Stock Dividend Requirements 0 208,000 0 416,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 101,423,000 141,986,000 252,253,000 307,748,000
Public Service Co Of Oklahoma [Member]
       
Revenues        
Utility Operations 311,310,000 322,028,000 603,832,000 606,615,000
Sales to AEP Affiliates 5,407,000 5,785,000 12,512,000 8,581,000
Other Revenues 594,000 775,000 1,498,000 1,395,000
TOTAL REVENUES 317,311,000 328,588,000 617,842,000 616,591,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 91,126,000 100,796,000 216,551,000 192,544,000
Purchased Electricity for Resale 44,822,000 46,018,000 70,264,000 87,197,000
Purchased Electricity from AEP Affiliates 4,260,000 9,111,000 10,458,000 25,722,000
Other Operation 48,880,000 48,736,000 95,859,000 93,140,000
Maintenance 24,853,000 25,152,000 53,178,000 45,873,000
Depreciation and Amortization 23,390,000 24,096,000 46,923,000 47,959,000
Taxes Other Than Income Taxes 10,681,000 10,494,000 21,820,000 21,090,000
TOTAL EXPENSES 248,012,000 264,403,000 515,053,000 513,525,000
OPERATING INCOME (LOSS) 69,299,000 64,185,000 102,789,000 103,066,000
Other Income (Expense):        
Interest Income 97,000 28,000 1,032,000 80,000
Carrying Costs Income 529,000 1,876,000 1,142,000 2,523,000
Allowance for Equity Funds Used During Construction 468,000 284,000 890,000 650,000
Interest Expense (13,766,000) (14,258,000) (28,477,000) (30,196,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 56,627,000 52,115,000 77,376,000 76,123,000
Income Tax Expense (Credit) 21,416,000 20,555,000 29,517,000 29,174,000
NET INCOME (LOSS) 35,211,000 31,560,000 47,859,000 46,949,000
Preferred Stock Dividend Requirements 0 49,000 0 98,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 35,211,000 31,511,000 47,859,000 46,851,000
Southwestern Electric Power Co [Member]
       
Revenues        
Utility Operations 383,659,000 388,197,000 723,362,000 735,264,000
Sales to AEP Affiliates 6,890,000 10,671,000 15,847,000 26,250,000
Other Revenues 397,000 666,000 723,000 975,000
TOTAL REVENUES 390,946,000 399,534,000 739,932,000 762,489,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 138,008,000 139,713,000 266,242,000 273,725,000
Purchased Electricity for Resale 26,574,000 39,691,000 62,041,000 78,280,000
Purchased Electricity from AEP Affiliates 4,589,000 5,116,000 10,844,000 7,227,000
Other Operation 54,067,000 50,722,000 105,660,000 104,790,000
Maintenance 29,757,000 34,790,000 51,019,000 64,181,000
Asset Impairments and Other Related Charges 13,000,000 0 13,000,000 0
Depreciation and Amortization 34,655,000 32,718,000 68,676,000 66,008,000
Taxes Other Than Income Taxes 17,320,000 16,730,000 34,106,000 33,696,000
TOTAL EXPENSES 317,970,000 319,480,000 611,588,000 627,907,000
OPERATING INCOME (LOSS) 72,976,000 80,054,000 128,344,000 134,582,000
Other Income (Expense):        
Interest Income 11,000 167,000 1,132,000 111,000
Allowance for Equity Funds Used During Construction 14,412,000 11,573,000 28,185,000 22,169,000
Interest Expense (21,710,000) (20,835,000) (43,712,000) (43,260,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 65,689,000 70,959,000 113,949,000 113,602,000
Income Tax Expense (Credit) 11,505,000 20,571,000 23,977,000 33,967,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 718,000 683,000 1,325,000 1,263,000
NET INCOME (LOSS) 54,902,000 51,071,000 91,297,000 80,898,000
Net Income Attributable to Noncontrolling Interests 1,061,000 1,036,000 2,144,000 2,118,000
NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS 53,841,000 50,035,000 89,153,000 78,780,000
Preferred Stock Dividend Requirements 0 57,000 0 114,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 53,841,000 $ 49,978,000 $ 89,153,000 $ 78,666,000