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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
TOTAL REVENUES $ 19,721.3 $ 18,982.3 $ 19,639.5
EXPENSES      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 5,936.3 6,578.3 7,097.9
Other Operation 3,127.6 2,810.5 2,878.1
Maintenance 1,325.1 1,276.3 1,249.4
Loss on the Expected Sale of the Kentucky Operations 0.0 0.0 363.3
Asset Impairments and Other Related Charges 142.5 85.6 48.8
Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset 0.0 0.0 (37.0)
Gain on the Sale of Mineral Rights 0.0 0.0 (116.3)
Loss on the Sale of the Competitive Contracted Renewables Portfolio 0.0 92.7 0.0
Depreciation and Amortization 3,289.9 3,090.4 3,202.8
Taxes Other Than Income Taxes 1,596.3 1,492.3 1,469.8
TOTAL EXPENSES 15,417.7 15,426.1 16,156.8
OPERATING INCOME 4,303.6 3,556.2 3,482.7
Other Income (Expense):      
Other Income 65.1 63.4 11.6
Allowance for Equity Funds Used During Construction 211.0 174.9 133.7
Non-Service Cost Components of Net Periodic Benefit Cost 126.0 221.1 188.5
Interest Expense (1,862.8) (1,806.9) (1,396.1)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 2,842.9 2,208.7 2,420.4
Income Tax Expense (Benefit) (39.2) 54.6 5.4
Equity Earnings (Loss) of Unconsolidated Subsidiaries 93.7 58.5 (109.4)
NET INCOME 2,975.8 2,212.6 2,305.6
Net Income (Loss) Attributable to Noncontrolling Interests 8.7 4.5 (1.6)
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic 2,967.1 2,208.1 2,307.2
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted $ 2,967.1 $ 2,208.1 $ 2,307.2
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING (in shares) 530,092,672 518,903,682 511,841,946
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in USD per share) $ 5.60 $ 4.26 $ 4.51
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING (in shares) 531,337,703 520,206,258 513,484,609
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in USD per share) $ 5.58 $ 4.24 $ 4.49
Vertically Integrated Utilities Revenues      
REVENUES      
TOTAL REVENUES $ 11,414.0 $ 11,303.7 $ 11,292.8
Transmission and Distribution Utilities      
REVENUES      
TOTAL REVENUES 5,879.6 5,677.2 5,489.6
Generation & Marketing      
REVENUES      
TOTAL REVENUES 1,944.7 1,543.3 2,448.9
Other Revenues      
REVENUES      
TOTAL REVENUES $ 483.0 $ 458.1 $ 408.2