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Consolidated Statements of Income (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Utility Operations $ 3,797,000,000 $ 3,814,000,000 $ 10,539,000,000 $ 10,412,000,000
Other Revenues 379,000,000 342,000,000 1,045,000,000 920,000,000
TOTAL REVENUES 4,176,000,000 4,156,000,000 11,584,000,000 11,332,000,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 1,168,000,000 1,180,000,000 3,107,000,000 3,137,000,000
Purchased Electricity for Resale 373,000,000 327,000,000 1,103,000,000 855,000,000
Other Operation 677,000,000 775,000,000 2,079,000,000 2,150,000,000
Maintenance 261,000,000 255,000,000 839,000,000 769,000,000
Asset Impairments and Other Related Charges 144,000,000 13,000,000 298,000,000 13,000,000
Depreciation and Amortization 447,000,000 470,000,000 1,310,000,000 1,353,000,000
Taxes Other Than Income Taxes 231,000,000 224,000,000 671,000,000 648,000,000
TOTAL EXPENSES 3,301,000,000 3,244,000,000 9,407,000,000 8,925,000,000
OPERATING INCOME (LOSS) 875,000,000 912,000,000 2,177,000,000 2,407,000,000
Other Income (Expense):        
Interest and Investment Income 3,000,000 2,000,000 55,000,000 6,000,000
Carrying Costs Income 8,000,000 11,000,000 20,000,000 42,000,000
Allowance for Equity Funds Used During Construction 19,000,000 23,000,000 51,000,000 70,000,000
Interest Expense (225,000,000) (233,000,000) (685,000,000) (697,000,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 680,000,000 715,000,000 1,618,000,000 1,828,000,000
Income Tax Expense (Credit) 257,000,000 241,000,000 520,000,000 620,000,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 11,000,000 14,000,000 39,000,000 33,000,000
NET INCOME (LOSS) 434,000,000 488,000,000 1,137,000,000 1,241,000,000
Net Income Attributable to Noncontrolling Interests 1,000,000 1,000,000 3,000,000 3,000,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 433,000,000 487,000,000 1,134,000,000 1,238,000,000
Earnings Per Share        
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 486,932,747 484,979,543 486,353,876 484,437,875
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 0.89 $ 1.00 $ 2.33 $ 2.55
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 487,258,905 485,362,858 486,792,914 484,826,123
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 0.89 $ 1.00 $ 2.33 $ 2.55
CASH DIVIDENDS DECLARED PER SHARE $ 0.49 $ 0.47 $ 1.45 $ 1.41
Appalachian Power Co [Member]
       
Revenues        
Utility Operations 756,606,000 776,066,000 2,299,587,000 2,161,901,000
Sales to AEP Affiliates 90,558,000 84,940,000 241,311,000 216,284,000
Other Revenues 2,569,000 3,192,000 6,833,000 7,950,000
TOTAL REVENUES 849,733,000 864,198,000 2,547,731,000 2,386,135,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 207,442,000 241,448,000 575,902,000 609,985,000
Purchased Electricity for Resale 47,391,000 45,196,000 172,334,000 155,421,000
Purchased Electricity from AEP Affiliates 220,736,000 181,134,000 625,534,000 463,015,000
Other Operation 64,508,000 92,700,000 223,180,000 239,704,000
Maintenance 49,924,000 47,047,000 207,870,000 131,212,000
Depreciation and Amortization 84,513,000 86,636,000 255,656,000 252,188,000
Taxes Other Than Income Taxes 27,527,000 27,315,000 82,931,000 79,272,000
TOTAL EXPENSES 702,041,000 721,476,000 2,143,407,000 1,930,797,000
OPERATING INCOME (LOSS) 147,692,000 142,722,000 404,324,000 455,338,000
Other Income (Expense):        
Interest Income 334,000 332,000 2,134,000 1,034,000
Carrying Costs Income 2,793,000 3,950,000 6,029,000 17,202,000
Allowance for Equity Funds Used During Construction 826,000 443,000 2,809,000 960,000
Interest Expense (47,375,000) (50,071,000) (143,707,000) (153,323,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 104,270,000 97,376,000 271,589,000 321,211,000
Income Tax Expense (Credit) 41,645,000 34,185,000 108,554,000 120,377,000
NET INCOME (LOSS) 62,625,000 63,191,000 163,035,000 200,834,000
Indiana Michigan Power Co [Member]
       
Revenues        
Utility Operations 537,453,000 499,078,000 1,518,357,000 1,371,070,000
Sales to AEP Affiliates 73,576,000 71,324,000 159,888,000 192,967,000
Other Revenues - Affiliated 27,322,000 27,034,000 89,962,000 86,797,000
Other Revenues 514,000 768,000 3,552,000 4,453,000
TOTAL REVENUES 638,865,000 598,204,000 1,771,759,000 1,655,287,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 140,193,000 137,960,000 330,088,000 347,045,000
Purchased Electricity for Resale 32,976,000 23,399,000 111,602,000 88,797,000
Purchased Electricity from AEP Affiliates 116,511,000 110,891,000 317,434,000 281,032,000
Other Operation 136,702,000 141,728,000 414,418,000 411,218,000
Maintenance 43,448,000 44,308,000 139,200,000 133,817,000
Depreciation and Amortization 45,393,000 37,734,000 131,991,000 109,273,000
Taxes Other Than Income Taxes 21,278,000 21,698,000 65,899,000 62,491,000
TOTAL EXPENSES 536,501,000 517,718,000 1,510,632,000 1,433,673,000
OPERATING INCOME (LOSS) 102,364,000 80,486,000 261,127,000 221,614,000
Other Income (Expense):        
Interest Income 2,360,000 453,000 7,077,000 2,228,000
Allowance for Equity Funds Used During Construction 5,041,000 1,596,000 15,568,000 6,931,000
Interest Expense (23,932,000) (26,307,000) (72,579,000) (76,733,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 85,833,000 56,228,000 211,193,000 154,040,000
Income Tax Expense (Credit) 27,953,000 16,974,000 69,102,000 45,755,000
NET INCOME (LOSS) 57,880,000 39,254,000 142,091,000 108,285,000
Ohio Power Co [Member]
       
Revenues        
Utility Operations 959,816,000 1,114,339,000 2,710,990,000 3,084,657,000
Sales to AEP Affiliates 313,818,000 229,879,000 873,850,000 584,197,000
Other Revenues - Affiliated 2,715,000 10,207,000 18,138,000 27,297,000
Other Revenues 2,827,000 5,391,000 12,982,000 14,638,000
TOTAL REVENUES 1,279,176,000 1,359,816,000 3,615,960,000 3,710,789,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 396,437,000 426,989,000 1,158,389,000 1,095,276,000
Purchased Electricity for Resale 34,568,000 46,146,000 114,911,000 156,384,000
Purchased Electricity from AEP Affiliates 103,869,000 109,453,000 257,540,000 279,954,000
Other Operation 159,965,000 189,566,000 481,417,000 481,994,000
Maintenance 71,670,000 73,024,000 218,962,000 227,643,000
Asset Impairments and Other Related Charges 0 0 154,304,000 0
Depreciation and Amortization 94,802,000 130,026,000 289,472,000 401,465,000
Taxes Other Than Income Taxes 105,070,000 105,503,000 310,285,000 309,341,000
TOTAL EXPENSES 966,381,000 1,080,707,000 2,985,280,000 2,952,057,000
OPERATING INCOME (LOSS) 312,795,000 279,109,000 630,680,000 758,732,000
Other Income (Expense):        
Interest Income 476,000 425,000 3,165,000 1,868,000
Carrying Costs Income 2,813,000 7,132,000 9,833,000 14,401,000
Allowance for Equity Funds Used During Construction 1,028,000 998,000 2,853,000 3,036,000
Interest Expense (45,070,000) (53,576,000) (142,487,000) (160,984,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 272,042,000 234,088,000 504,044,000 617,053,000
Income Tax Expense (Credit) 93,141,000 82,578,000 174,313,000 213,290,000
NET INCOME (LOSS) 178,901,000 151,510,000 329,731,000 403,763,000
Public Service Co Of Oklahoma [Member]
       
Revenues        
Utility Operations 408,803,000 364,851,000 986,008,000 968,683,000
Sales to AEP Affiliates 1,659,000 6,865,000 9,186,000 19,377,000
Other Revenues 621,000 1,156,000 2,865,000 2,654,000
TOTAL REVENUES 411,083,000 372,872,000 998,059,000 990,714,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 124,763,000 65,195,000 254,314,000 281,746,000
Purchased Electricity for Resale 55,915,000 75,719,000 179,405,000 145,983,000
Purchased Electricity from AEP Affiliates 13,129,000 5,870,000 30,168,000 16,328,000
Other Operation 60,566,000 58,975,000 162,032,000 154,834,000
Maintenance 25,071,000 25,685,000 78,396,000 78,863,000
Depreciation and Amortization 24,191,000 24,433,000 72,449,000 71,356,000
Taxes Other Than Income Taxes 11,616,000 10,799,000 33,440,000 32,619,000
TOTAL EXPENSES 315,251,000 266,676,000 810,204,000 781,729,000
OPERATING INCOME (LOSS) 95,832,000 106,196,000 187,855,000 208,985,000
Other Income (Expense):        
Interest Income 25,000 171,000 1,146,000 1,203,000
Carrying Costs Income 21,000 418,000 338,000 1,560,000
Allowance for Equity Funds Used During Construction 852,000 408,000 2,676,000 1,298,000
Interest Expense (13,417,000) (13,735,000) (40,016,000) (42,212,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 83,313,000 93,458,000 151,999,000 170,834,000
Income Tax Expense (Credit) 32,217,000 35,355,000 58,778,000 64,872,000
NET INCOME (LOSS) 51,096,000 58,103,000 93,221,000 105,962,000
Southwestern Electric Power Co [Member]
       
Revenues        
Utility Operations 534,196,000 473,391,000 1,324,325,000 1,196,753,000
Sales to AEP Affiliates 18,296,000 11,098,000 41,935,000 26,945,000
Other Revenues 441,000 680,000 1,163,000 1,403,000
TOTAL REVENUES 552,933,000 485,169,000 1,367,423,000 1,225,101,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 202,024,000 180,991,000 490,447,000 447,233,000
Purchased Electricity for Resale 37,505,000 35,109,000 120,273,000 97,150,000
Purchased Electricity from AEP Affiliates 815,000 6,121,000 6,757,000 16,965,000
Other Operation 62,108,000 60,217,000 182,351,000 165,877,000
Maintenance 24,654,000 27,816,000 84,725,000 78,835,000
Asset Impairments and Other Related Charges 110,850,000 0 110,850,000 13,000,000
Depreciation and Amortization 41,846,000 35,144,000 132,460,000 103,820,000
Taxes Other Than Income Taxes 20,772,000 19,763,000 59,530,000 53,869,000
TOTAL EXPENSES 500,574,000 365,161,000 1,187,393,000 976,749,000
OPERATING INCOME (LOSS) 52,359,000 120,008,000 180,030,000 248,352,000
Other Income (Expense):        
Allowance for Equity Funds Used During Construction     4,872,000 43,401,000
Other Income 2,457,000 15,255,000 5,048,000 44,572,000
Interest Expense (32,614,000) (21,498,000) (100,151,000) (65,210,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 22,202,000 113,765,000 84,927,000 227,714,000
Income Tax Expense (Credit) 14,935,000 25,229,000 37,057,000 49,206,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 653,000 682,000 1,825,000 2,007,000
NET INCOME (LOSS) 7,920,000 89,218,000 49,695,000 180,515,000
Net Income Attributable to Noncontrolling Interests 1,058,000 955,000 3,204,000 3,099,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 6,862,000 $ 88,263,000 $ 46,491,000 $ 177,416,000