Significant Accounting Matters (Tables)

3 Months Ended

Mar. 31, 2019

Basic and Diluted EPS Calculations

	Three Months Ended March 31,
	2019				2018
	(in millions, except per share data)
			$/share				$/share
Earnings Attributable to AEP Common Shareholders	$	572.8			$	454.4
Weighted Average Number of Basic Shares Outstanding	493.3		$	1.16	492.3		$	0.92
Weighted Average Dilutive Effect of Stock-Based Awards	1.2		—		0.8		—
Weighted Average Number of Diluted Shares Outstanding	494.5		$	1.16	493.1		$	0.92

Reconciliation of Cash, Cash Equivalents and Restricted Cash

	March 31, 2019
	AEP		AEP Texas		APCo		OPCo
	(in millions)
Cash and Cash Equivalents	$	227.7	$	0.1	$	2.9	$	3.3
Restricted Cash	135.4		100.6		18.3		16.5
Total Cash, Cash Equivalents and Restricted Cash	$	363.1	$	100.7	$	21.2	$	19.8

	December 31, 2018
	AEP		AEP Texas		APCo		OPCo
	(in millions)
Cash and Cash Equivalents	$	234.1	$	3.1	$	4.2	$	4.9
Restricted Cash	210.0		156.7		25.6		27.6
Total Cash, Cash Equivalents and Restricted Cash	$	444.1	$	159.8	$	29.8	$	32.5

Revision to Prior Year Income

	Three Months Ended March 31, 2018
	As Reported			Adjustments			As Adjusted
	(in millions)
TOTAL REVENUES	$	193.5		$	(1.8	)	$	191.7
EXPENSES
Depreciation and Amortization	30.6			(0.3		)	30.3
TOTAL EXPENSES	80.9			(0.3		)	80.6
OPERATING INCOME	112.6			(1.5		)	111.1
Other Income (Expense):
Allowance for Equity Funds Used During Construction	15.3			(0.4		)	14.9
Interest Expense	(19.9		)	(0.4		)	(20.3		)
INCOME BEFORE INCOME TAX EXPENSE	108.4			(2.3		)	106.1
Income Tax Expense	22.5			(0.5		)	22.0
NET INCOME	$	85.9		$	(1.8	)	$	84.1

Schedule of Error Corrections and Prior Period Adjustments

	Three Months Ended March 31, 2018
	As Reported			Adjustments			As Adjusted
	(in millions)
OPERATING ACTIVITIES
Net Income	$	85.9		$	(1.8	)	$	84.1
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:
Depreciation and Amortization	30.6			(0.3		)	30.3
Deferred Income Taxes	15.7			(0.2		)	15.5
Allowance for Equity Funds Used During Construction	(15.3		)	0.4			(14.9		)
Change in Other Noncurrent Assets	2.7			0.2			2.9
Changes in Certain Components of Working Capital:
Accounts Receivable, Net	(10.1		)	0.5			(9.6		)
Accounts Payable	(12.3		)	1.6			(10.7		)
Accrued Taxes, Net	(33.6		)	(0.4		)	(34.0		)
Net Cash Flows from Operating Activities	127.1			—			127.1
INVESTING ACTIVITIES
Net Cash Flows Used for Investing Activities	(458.4		)	—			(458.4		)
FINANCING ACTIVITIES
Net Cash Flows from Financing Activities	331.3			—			331.3
Net Change in Cash and Cash Equivalents	—			—			—
Cash and Cash Equivalents at Beginning of Period	—			—			—
Cash and Cash Equivalents at End of Period	$	—		$	—		$	—
SUPPLEMENTARY INFORMATION
Construction Expenditures Included in Current Liabilities as of March 31,	$	210.6		$	3.2		$	213.8