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Condensed Consolidated Statements of Cash Flows
$ in Millions
6 Months Ended
Jun. 30, 2023
USD ($)
$ / shares
Jun. 30, 2022
USD ($)
Operating Activities    
Net Income (Loss) $ 916.5 $ 1,238.9
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 1,517.1 1,595.0
Deferred Income Taxes 135.8 21.4
Allowance for Equity Funds Used During Construction (72.3) (59.6)
Mark-to-Market of Risk Management Contracts (124.7) 431.4
Property Taxes 202.7 191.6
Deferred Fuel Over/Under-Recovery, Net 342.5 (599.5)
Change in Other Noncurrent Assets (375.5) (49.3)
Change in Other Noncurrent Liabilities (55.4) 144.5
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 277.8 (445.8)
Fuel, Materials and Supplies (315.1) (110.5)
Accounts Payable 62.6 484.8
Accrued Taxes, Net (433.7) (218.2)
Other Current Assets (76.6) 69.9
Other Current Liabilities (232.1) 158.1
Net Cash Flows from (Used for) Operating Activities 1,881.6 2,990.7
Investing Activities    
Construction Expenditures (4,049.7) (3,138.1)
Purchases of Investment Securities (1,235.6) (1,254.8)
Sales of Investment Securities 1,206.3 1,244.9
Acquisitions of Nuclear Fuel (73.9) (67.7)
Proceeds from Sale of Property, Plant, and Equipment 1.0 208.5
Other Investing Activities 32.1 15.5
Net Cash Flows from (Used for) Investing Activities (4,265.5) (4,199.0)
Financing Activities    
Issuance of Common Stock 77.6 812.7
Issuance of Long-term Debt 3,958.8 2,639.1
Issuance of Short-term Debt with Original Maturities greater than 90 Days 597.4 271.0
Change in Short-term Debt with Original Maturities less than 90 Days, Net (688.2) (268.9)
Retirement of Long-term Debt (641.7) (582.4)
Redemption of Short-term Debt with Original Maturities Greater than 90 Days (153.8) (486.1)
Principal Payments for Finance Leases Obligations (40.6) (106.2)
Dividends Paid on Common Stock (863.6) (803.5)
Other Financing Activities (67.8) (97.6)
Net Cash Flows from (Used for) Financing Activities 2,178.1 1,378.1
Net Increase (Decrease) in Cash and Cash Equivalents (205.8) 169.8
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 556.5 451.4
Cash and Cash Equivalents at Beginning of Period 509.4  
Cash, Cash Equivalents and Restricted Cash at End of Period 350.7 621.2
Cash and Cash Equivalents at End of Period 304.9  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 773.5 591.2
Net Cash Paid (Received) for Income Taxes 9.9 95.5
Noncash Acquisitions Under Finance Leases 25.6 13.7
Construction Expenditures Included in Current Liabilities as of March 31, 966.6 849.1
Acquisition of Nuclear Fuel Included in Current Liabilities as of March 31, (36.0) 0.0
Commitment from Bank Conduits to Finance Receivables 125.0  
Commitment from Bank Conduits to Finance Receivables Two $ 625.0  
2020 Equity Units [Member] | Maximum [Member]    
Supplementary Information    
AEP Share Price for Equity Unit Conversion | $ / shares $ 99.95  
Kentucky Power Co [Member]    
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Loss on the Expected Sale $ 0.0 68.8
Flat Ridge II    
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Impairment of Equity Method Investment 0.0 185.5
Competitive Contracted Renewable Portfolio    
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Loss on the Expected Sale 112.0 0.0
Renewable Energy Facilities    
Investing Activities    
Acquisitions of Assets (145.7) (1,207.3)
AEP Texas Inc. [Member]    
Operating Activities    
Net Income (Loss) 156.7 159.6
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 225.9 225.0
Deferred Income Taxes 28.5 24.6
Allowance for Equity Funds Used During Construction (11.6) (8.0)
Mark-to-Market of Risk Management Contracts 0.4 (0.2)
Property Taxes (60.0) (54.8)
Change in Other Noncurrent Assets (89.7) (25.9)
Change in Other Noncurrent Liabilities 7.8 32.1
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (33.1) (70.3)
Fuel, Materials and Supplies (18.5) (24.1)
Accounts Payable 1.9 17.9
Accrued Taxes, Net 50.2 34.0
Other Current Assets 2.9 (0.8)
Other Current Liabilities (34.4) 31.9
Net Cash Flows from (Used for) Operating Activities 227.0 341.0
Investing Activities    
Construction Expenditures (834.2) (647.6)
Change in Advances to Affiliates, Net 0.0 (634.0)
Other Investing Activities 20.2 22.3
Net Cash Flows from (Used for) Investing Activities (814.0) (1,259.3)
Financing Activities    
Capital Contributions from Parent 275.3 1.3
Return of Capital to Parent Cash Flows (4.3) 0.0
Issuance of Long-term Debt 445.9 1,188.6
Change in Advances from Affiliates, Net 39.4 (26.9)
Retirement of Long-term Debt (168.2) (242.0)
Principal Payments for Finance Leases Obligations (3.7) (3.4)
Other Financing Activities 0.6 0.0
Net Cash Flows from (Used for) Financing Activities 585.0 917.6
Net Increase (Decrease) in Cash and Cash Equivalents (2.0) (0.7)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 32.8 30.5
Cash and Cash Equivalents at Beginning of Period 0.1  
Cash, Cash Equivalents and Restricted Cash at End of Period 30.8 29.8
Cash and Cash Equivalents at End of Period 0.1  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 108.3 88.8
Net Cash Paid (Received) for Income Taxes 0.7 5.9
Noncash Acquisitions Under Finance Leases 2.6 3.0
Construction Expenditures Included in Current Liabilities as of March 31, 147.2 135.9
AEP Transmission Co [Member]    
Operating Activities    
Net Income (Loss) 338.4 273.9
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 191.6 168.8
Deferred Income Taxes 42.7 37.3
Allowance for Equity Funds Used During Construction (39.5) (30.9)
Property Taxes 110.7 101.4
Provision for Refund Affiliated 13.1 56.4
Change in Other Noncurrent Assets 3.4 1.8
Change in Other Noncurrent Liabilities 1.7 44.3
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (104.1) (36.7)
Fuel, Materials and Supplies (4.8) (2.2)
Accounts Payable 64.6 13.1
Accrued Taxes, Net (133.3) (107.6)
Other Current Assets 1.3 0.9
Other Current Liabilities 10.2 (0.9)
Net Cash Flows from (Used for) Operating Activities 482.9 463.2
Investing Activities    
Construction Expenditures (876.1) (730.9)
Change in Advances to Affiliates, Net (75.0) (109.8)
Other Investing Activities 2.6 (8.0)
Net Cash Flows from (Used for) Investing Activities (948.5) (848.7)
Financing Activities    
Capital Contributions from Parent 25.0 2.8
Return of Capital to Parent Cash Flows (8.6) 0.0
Issuance of Long-term Debt 689.1 540.9
Change in Advances from Affiliates, Net (154.9) (68.2)
Dividends Paid on Common Stock (85.0) (90.0)
Net Cash Flows from (Used for) Financing Activities 465.6 385.5
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 82.8 74.0
Net Cash Paid (Received) for Income Taxes 32.0 39.7
Construction Expenditures Included in Current Liabilities as of March 31, 238.4 228.7
Appalachian Power Co [Member]    
Operating Activities    
Net Income (Loss) 155.4 210.4
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 281.1 288.1
Deferred Income Taxes (2.8) 17.1
Allowance for Equity Funds Used During Construction (5.1) (4.6)
Mark-to-Market of Risk Management Contracts 27.4 (38.5)
Deferred Fuel Over/Under-Recovery, Net 54.2 (312.1)
Change in Other Noncurrent Assets 7.7 (42.3)
Change in Other Noncurrent Liabilities (39.3) (0.2)
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 60.4 65.4
Fuel, Materials and Supplies (113.4) (75.4)
Increase (Decrease) in Margin Deposits Outstanding (11.7) 64.5
Accounts Payable (128.7) 162.8
Accrued Taxes, Net 13.4 (5.7)
Other Current Assets 5.1 0.7
Other Current Liabilities (20.8) (0.7)
Net Cash Flows from (Used for) Operating Activities 282.9 329.5
Investing Activities    
Construction Expenditures (558.2) (450.8)
Change in Advances to Affiliates, Net 0.9 1.4
Other Investing Activities 2.7 23.3
Net Cash Flows from (Used for) Investing Activities (554.6) (426.1)
Financing Activities    
Capital Contributions from Parent 4.3 2.8
Issuance of Long-term Debt 200.0 103.3
Change in Advances from Affiliates, Net 83.9 149.9
Retirement of Long-term Debt (13.0) (117.1)
Principal Payments for Finance Leases Obligations (4.1) (4.0)
Dividends Paid on Common Stock 0.0 (37.5)
Other Financing Activities 0.6 0.2
Net Cash Flows from (Used for) Financing Activities 271.7 97.6
Net Increase (Decrease) in Cash and Cash Equivalents 0.0 1.0
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 21.9 20.1
Cash and Cash Equivalents at Beginning of Period 7.5  
Cash, Cash Equivalents and Restricted Cash at End of Period 21.9 21.1
Cash and Cash Equivalents at End of Period 6.8  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 125.9 104.9
Net Cash Paid (Received) for Income Taxes 23.4 1.0
Noncash Acquisitions Under Finance Leases 1.7 0.5
Construction Expenditures Included in Current Liabilities as of March 31, 139.6 121.2
Indiana Michigan Power Co [Member]    
Operating Activities    
Net Income (Loss) 177.6 156.7
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 236.2 268.6
Deferred Income Taxes (1.9) 0.3
Amortization (Deferral) of Incremental Nuclear Refueling Outage Expenses, Net 36.7 (38.3)
Allowance for Equity Funds Used During Construction (2.8) (5.4)
Mark-to-Market of Risk Management Contracts (13.7) (11.6)
Amortization of Nuclear Fuel 50.2 39.0
Deferred Fuel Over/Under-Recovery, Net 29.6 (17.5)
Change in Other Noncurrent Assets (7.0) 3.3
Change in Other Noncurrent Liabilities (4.6) 22.2
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 37.3 24.0
Fuel, Materials and Supplies (52.7) 4.5
Accounts Payable 46.8 13.6
Accrued Taxes, Net (3.0) (2.4)
Other Current Assets (3.6) 15.2
Other Current Liabilities (23.4) (20.1)
Net Cash Flows from (Used for) Operating Activities 501.7 452.1
Investing Activities    
Construction Expenditures (267.1) (262.5)
Change in Advances to Affiliates, Net (17.5) (1.0)
Purchases of Investment Securities (1,233.3) (1,253.2)
Sales of Investment Securities 1,206.3 1,229.9
Acquisitions of Nuclear Fuel (73.9) (67.7)
Other Investing Activities 3.3 3.0
Net Cash Flows from (Used for) Investing Activities (382.2) (351.5)
Financing Activities    
Capital Contributions from Parent 0.1 1.3
Issuance of Long-term Debt 494.9 72.8
Change in Advances from Affiliates, Net (249.9) (42.8)
Retirement of Long-term Debt (299.2) (40.7)
Principal Payments for Finance Leases Obligations (3.8) (40.1)
Dividends Paid on Common Stock (62.5) (50.0)
Other Financing Activities 0.5 0.4
Net Cash Flows from (Used for) Financing Activities (119.9) (99.1)
Net Increase (Decrease) in Cash and Cash Equivalents (0.4) 1.5
Cash and Cash Equivalents at Beginning of Period 4.2 1.3
Cash and Cash Equivalents at End of Period 3.8 2.8
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 62.1 59.2
Net Cash Paid (Received) for Income Taxes 13.8 (4.9)
Noncash Acquisitions Under Finance Leases 3.2 0.4
Construction Expenditures Included in Current Liabilities as of March 31, 78.1 68.2
Acquisition of Nuclear Fuel Included in Current Liabilities as of March 31, (36.0) 0.0
Ohio Power Co [Member]    
Operating Activities    
Net Income (Loss) 145.7 158.0
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 143.4 146.2
Deferred Income Taxes 7.1 13.8
Allowance for Equity Funds Used During Construction (5.7) (6.4)
Mark-to-Market of Risk Management Contracts 14.3 (44.3)
Property Taxes 193.9 178.6
Change in Other Noncurrent Assets (88.0) (53.1)
Change in Other Noncurrent Liabilities (37.7) 44.3
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net 8.2 (35.8)
Fuel, Materials and Supplies (2.5) (10.1)
Accounts Payable 30.8 78.2
Increase (Decrease) in Contract with Customer, Liability (37.0) 142.5
Accrued Taxes, Net (289.9) (246.8)
Other Current Assets 2.3 12.2
Other Current Liabilities (15.3) 35.6
Net Cash Flows from (Used for) Operating Activities 69.6 412.9
Investing Activities    
Construction Expenditures (547.7) (376.4)
Change in Advances to Affiliates, Net 0.0 (14.0)
Other Investing Activities 11.1 12.6
Net Cash Flows from (Used for) Investing Activities (536.6) (377.8)
Financing Activities    
Capital Contributions from Parent 175.0 0.7
Issuance of Long-term Debt 395.1 0.0
Change in Advances from Affiliates, Net (100.6) 0.0
Retirement of Long-term Debt (0.6) (0.1)
Principal Payments for Finance Leases Obligations (2.4) (2.4)
Dividends Paid on Common Stock 0.0 (30.0)
Other Financing Activities 0.6 0.6
Net Cash Flows from (Used for) Financing Activities 467.1 (31.2)
Net Increase (Decrease) in Cash and Cash Equivalents 0.1 3.9
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 9.6 3.0
Cash and Cash Equivalents at Beginning of Period 9.6  
Cash, Cash Equivalents and Restricted Cash at End of Period 9.7 6.9
Cash and Cash Equivalents at End of Period 9.7  
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 57.6 56.8
Net Cash Paid (Received) for Income Taxes 9.2 21.4
Noncash Acquisitions Under Finance Leases 2.1 1.2
Construction Expenditures Included in Current Liabilities as of March 31, 87.4 92.9
Public Service Co Of Oklahoma [Member]    
Operating Activities    
Net Income (Loss) 48.7 48.8
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 126.0 113.2
Deferred Income Taxes 13.1 (20.4)
Allowance for Equity Funds Used During Construction (2.9) (1.3)
Mark-to-Market of Risk Management Contracts (19.3) (56.2)
Property Taxes (27.9) (24.4)
Deferred Fuel Over/Under-Recovery, Net 146.3 (124.2)
Change in Other Regulatory Assets (57.3) (4.8)
Change in Other Noncurrent Assets (22.7) (12.2)
Change in Other Noncurrent Liabilities (0.6) 10.4
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (25.0) (30.6)
Fuel, Materials and Supplies (2.6) (10.8)
Accounts Payable 75.2 123.7
Accrued Taxes, Net 8.9 23.9
Other Current Assets 5.3 (16.8)
Other Current Liabilities (8.4) 9.9
Net Cash Flows from (Used for) Operating Activities 256.8 37.8
Investing Activities    
Construction Expenditures (263.6) (200.2)
Acquisitions of Assets (146.0)  
Other Investing Activities 1.1 2.3
Net Cash Flows from (Used for) Investing Activities (408.2) (747.2)
Financing Activities    
Capital Contributions from Parent 0.0 2.2
Return of Capital to Parent Cash Flows (2.5) 0.0
Issuance of Long-term Debt 469.8 500.0
Change in Advances from Affiliates, Net (296.1) 211.1
Retirement of Long-term Debt (0.3) (0.3)
Principal Payments for Finance Leases Obligations (1.7) (1.6)
Dividends Paid on Common Stock (17.5) 0.0
Other Financing Activities 0.3 0.3
Net Cash Flows from (Used for) Financing Activities 152.0 711.7
Net Increase (Decrease) in Cash and Cash Equivalents 0.6 2.3
Cash and Cash Equivalents at Beginning of Period 4.0 1.3
Cash and Cash Equivalents at End of Period 4.6 3.6
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 37.6 38.1
Net Cash Paid (Received) for Income Taxes (6.1) 12.2
Noncash Acquisitions Under Finance Leases 1.2 1.1
Construction Expenditures Included in Current Liabilities as of March 31, 83.6 41.6
Public Service Co Of Oklahoma [Member] | Renewable Energy Facilities    
Investing Activities    
Acquisitions of Assets (145.7) (549.3)
Southwestern Electric Power Co [Member]    
Operating Activities    
Net Income (Loss) 123.1 123.9
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:    
Depreciation and Amortization 166.2 156.0
Deferred Income Taxes 28.0 (1.4)
Allowance for Equity Funds Used During Construction (3.0) (2.4)
Mark-to-Market of Risk Management Contracts (11.1) (36.6)
Property Taxes (49.3) (44.0)
Deferred Fuel Over/Under-Recovery, Net 103.6 (53.6)
Change in Regulatory Assets (43.8) 0.3
Change in Other Noncurrent Assets 5.0 45.1
Change in Other Noncurrent Liabilities (22.4) 10.4
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (4.3) (34.7)
Fuel, Materials and Supplies (12.2) 8.7
Accounts Payable 81.2 46.2
Accrued Taxes, Net 39.7 41.3
Other Current Assets 20.5 (7.7)
Other Current Liabilities (36.5) (34.0)
Net Cash Flows from (Used for) Operating Activities 384.7 217.5
Investing Activities    
Construction Expenditures (429.6) (247.0)
Change in Advances to Affiliates, Net (0.1) 153.8
Acquisitions of Assets 0.0 658.0
Other Investing Activities 0.8 3.2
Net Cash Flows from (Used for) Investing Activities (428.9) (748.0)
Financing Activities    
Capital Contributions from Parent 50.0 352.2
Issuance of Long-term Debt 346.8 0.0
Change in Short-term Debt with Original Maturities less than 90 Days, Net 3.9 0.0
Change in Advances from Affiliates, Net (278.1) 213.2
Retirement of Long-term Debt (94.1) (3.1)
Principal Payments for Finance Leases Obligations (16.2) (5.4)
Dividends Paid on Common Stock (50.0) (12.5)
Dividends Paid on Common Stock (2.1) (1.5)
Other Financing Activities 0.2 0.1
Net Cash Flows from (Used for) Financing Activities (39.6) 543.0
Net Increase (Decrease) in Cash and Cash Equivalents (83.8) 12.5
Cash and Cash Equivalents at Beginning of Period 88.4 51.2
Cash and Cash Equivalents at End of Period 4.6 63.7
Supplementary Information    
Cash Paid for Interest, Net of Capitalized Amounts 48.7 63.6
Net Cash Paid (Received) for Income Taxes (17.1) 20.1
Noncash Acquisitions Under Finance Leases 2.6 2.8
Construction Expenditures Included in Current Liabilities as of March 31, $ 85.7 $ 63.3