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Consolidated Statements of Income (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Vertically Integrated Utilities $ 2,432,000,000 $ 2,543,000,000 $ 7,217,000,000 $ 7,075,000,000
Transmission and Distribution Utilities 1,163,000,000 1,139,000,000 3,388,000,000 3,248,000,000
Generation & Marketing 538,000,000 359,000,000 1,932,000,000 915,000,000
Other Revenues 169,000,000 135,000,000 457,000,000 346,000,000
TOTAL REVENUES 4,302,000,000 4,176,000,000 12,994,000,000 11,584,000,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 1,080,000,000 1,168,000,000 3,291,000,000 3,107,000,000
Purchased Electricity for Resale 449,000,000 373,000,000 1,560,000,000 1,103,000,000
Other Operation 787,000,000 677,000,000 2,327,000,000 2,079,000,000
Maintenance 321,000,000 261,000,000 953,000,000 839,000,000
Asset Impairments and Other Related Charges 0 144,000,000 0 298,000,000
Depreciation and Amortization 507,000,000 447,000,000 1,441,000,000 1,310,000,000
Taxes Other Than Income Taxes 233,000,000 231,000,000 689,000,000 671,000,000
TOTAL EXPENSES 3,377,000,000 3,301,000,000 10,261,000,000 9,407,000,000
OPERATING INCOME (LOSS) 925,000,000 875,000,000 2,733,000,000 2,177,000,000
Other Income (Expense):        
Interest and Investment Income 1,000,000 3,000,000 5,000,000 55,000,000
Carrying Costs Income 7,000,000 8,000,000 22,000,000 20,000,000
Allowance for Equity Funds Used During Construction 27,000,000 19,000,000 74,000,000 51,000,000
Interest Expense (221,000,000) (225,000,000) (662,000,000) (685,000,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 739,000,000 680,000,000 2,172,000,000 1,618,000,000
Income Tax Expense (Credit) 269,000,000 257,000,000 791,000,000 520,000,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 24,000,000 11,000,000 65,000,000 39,000,000
NET INCOME (LOSS) 494,000,000 434,000,000 1,446,000,000 1,137,000,000
Net Income Attributable to Noncontrolling Interests 1,000,000 1,000,000 3,000,000 3,000,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 493,000,000 433,000,000 1,443,000,000 1,134,000,000
Earnings Per Share        
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 488,912,892 486,932,747 488,361,017 486,353,876
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 1.01 $ 0.89 $ 2.95 $ 2.33
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 488,970,647 487,258,905 488,597,178 486,792,914
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 1.01 $ 0.89 $ 2.95 $ 2.33
CASH DIVIDENDS DECLARED PER SHARE $ 0.5 $ 0.49 $ 1.5 $ 1.45
Appalachian Power Co [Member]
       
Revenues        
Vertically Integrated Utilities 672,459,000 756,606,000 2,202,967,000 2,299,587,000
Sales to AEP Affiliates 35,455,000 90,558,000 108,439,000 241,311,000
Other Revenues 1,970,000 2,569,000 6,537,000 6,833,000
TOTAL REVENUES 709,884,000 849,733,000 2,317,943,000 2,547,731,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 194,303,000 207,442,000 627,943,000 575,902,000
Purchased Electricity for Resale 85,656,000 47,391,000 340,680,000 172,334,000
Purchased Electricity from AEP Affiliates 0 220,736,000 4,662,000 625,534,000
Other Operation 103,835,000 64,508,000 297,269,000 223,180,000
Maintenance 64,333,000 49,924,000 193,907,000 207,870,000
Depreciation and Amortization 99,889,000 84,513,000 300,125,000 255,656,000
Taxes Other Than Income Taxes 31,632,000 27,527,000 92,434,000 82,931,000
TOTAL EXPENSES 579,648,000 702,041,000 1,857,020,000 2,143,407,000
OPERATING INCOME (LOSS) 130,236,000 147,692,000 460,923,000 404,324,000
Other Income (Expense):        
Interest Income 521,000 334,000 1,311,000 2,134,000
Carrying Costs Income 482,000 2,793,000 (1,130,000) 6,029,000
Allowance for Equity Funds Used During Construction 1,665,000 826,000 4,525,000 2,809,000
Interest Expense (52,738,000) (47,375,000) (157,540,000) (143,707,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 80,166,000 104,270,000 308,089,000 271,589,000
Income Tax Expense (Credit) 31,408,000 41,645,000 121,233,000 108,554,000
NET INCOME (LOSS) 48,758,000 62,625,000 186,856,000 163,035,000
Indiana Michigan Power Co [Member]
       
Revenues        
Vertically Integrated Utilities 520,881,000 537,453,000 1,642,721,000 1,518,357,000
Sales to AEP Affiliates 401,000 73,576,000 3,753,000 159,888,000
Other Revenues - Affiliated 20,832,000 27,322,000 70,821,000 89,962,000
Other Revenues 749,000 514,000 1,298,000 3,552,000
TOTAL REVENUES 542,863,000 638,865,000 1,718,593,000 1,771,759,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 117,414,000 140,193,000 387,757,000 330,088,000
Purchased Electricity for Resale 20,019,000 32,976,000 52,467,000 111,602,000
Purchased Electricity from AEP Affiliates 66,561,000 116,511,000 203,807,000 317,434,000
Other Operation 144,331,000 136,702,000 431,953,000 414,418,000
Maintenance 59,043,000 43,448,000 161,854,000 139,200,000
Depreciation and Amortization 50,585,000 45,393,000 150,062,000 131,991,000
Taxes Other Than Income Taxes 22,059,000 21,278,000 64,685,000 65,899,000
TOTAL EXPENSES 480,012,000 536,501,000 1,452,585,000 1,510,632,000
OPERATING INCOME (LOSS) 62,851,000 102,364,000 266,008,000 261,127,000
Other Income (Expense):        
Interest Income 1,450,000 2,360,000 4,228,000 7,077,000
Allowance for Equity Funds Used During Construction 5,596,000 5,041,000 14,364,000 15,568,000
Interest Expense (22,617,000) (23,932,000) (71,955,000) (72,579,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 47,280,000 85,833,000 212,645,000 211,193,000
Income Tax Expense (Credit) 20,654,000 27,953,000 71,596,000 69,102,000
NET INCOME (LOSS) 26,626,000 57,880,000 141,049,000 142,091,000
Ohio Power Co [Member]
       
Revenues        
Transmission and Distribution Utilities 793,900,000 959,816,000 2,380,768,000 2,710,990,000
Sales to AEP Affiliates 43,733,000 313,818,000 120,154,000 873,850,000
Other Revenues - Affiliated 0 2,715,000 0 18,138,000
Other Revenues 1,564,000 2,827,000 4,628,000 12,982,000
TOTAL REVENUES 839,197,000 1,279,176,000 2,505,550,000 3,615,960,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 0 396,437,000 0 1,158,389,000
Purchased Electricity for Resale 48,541,000 34,568,000 191,730,000 114,911,000
Purchased Electricity from AEP Affiliates 315,903,000 103,869,000 897,658,000 257,540,000
Amortization of Generation Deferrals 26,655,000 0 82,818,000 0
Other Operation 145,163,000 159,965,000 428,074,000 481,417,000
Maintenance 53,724,000 71,670,000 136,965,000 218,962,000
Asset Impairments and Other Related Charges 0 0 0 154,304,000
Depreciation and Amortization 54,968,000 94,802,000 165,152,000 289,472,000
Taxes Other Than Income Taxes 89,564,000 105,070,000 268,734,000 310,285,000
TOTAL EXPENSES 734,518,000 966,381,000 2,171,131,000 2,985,280,000
OPERATING INCOME (LOSS) 104,679,000 312,795,000 334,419,000 630,680,000
Other Income (Expense):        
Interest Income 1,986,000 476,000 8,159,000 3,165,000
Carrying Costs Income 5,606,000 2,813,000 19,594,000 9,833,000
Allowance for Equity Funds Used During Construction 1,825,000 1,028,000 4,893,000 2,853,000
Interest Expense (31,171,000) (45,070,000) (96,937,000) (142,487,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 82,925,000 272,042,000 270,128,000 504,044,000
Income Tax Expense (Credit) 28,865,000 93,141,000 98,759,000 174,313,000
NET INCOME (LOSS) 54,060,000 178,901,000 171,369,000 329,731,000
Public Service Co Of Oklahoma [Member]
       
Revenues        
Vertically Integrated Utilities 415,193,000 408,803,000 1,028,427,000 986,008,000
Sales to AEP Affiliates 789,000 1,659,000 6,240,000 9,186,000
Other Revenues 1,009,000 621,000 2,524,000 2,865,000
TOTAL REVENUES 416,991,000 411,083,000 1,037,191,000 998,059,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 85,018,000 124,763,000 192,567,000 254,314,000
Purchased Electricity for Resale 117,521,000 55,915,000 301,816,000 179,405,000
Purchased Electricity from AEP Affiliates 0 13,129,000 11,024,000 30,168,000
Other Operation 71,605,000 60,566,000 193,101,000 162,032,000
Maintenance 21,800,000 25,071,000 76,223,000 78,396,000
Depreciation and Amortization 24,496,000 24,191,000 73,085,000 72,449,000
Taxes Other Than Income Taxes 9,137,000 11,616,000 27,757,000 33,440,000
TOTAL EXPENSES 329,577,000 315,251,000 875,573,000 810,204,000
OPERATING INCOME (LOSS) 87,414,000 95,832,000 161,618,000 187,855,000
Other Income (Expense):        
Interest Income 137,000 25,000 138,000 1,146,000
Carrying Costs Income 0 21,000 0 338,000
Allowance for Equity Funds Used During Construction 194,000 852,000 2,215,000 2,676,000
Interest Expense (13,913,000) (13,417,000) (41,009,000) (40,016,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 73,832,000 83,313,000 122,962,000 151,999,000
Income Tax Expense (Credit) 28,746,000 32,217,000 46,979,000 58,778,000
NET INCOME (LOSS) 45,086,000 51,096,000 75,983,000 93,221,000
Southwestern Electric Power Co [Member]
       
Revenues        
Vertically Integrated Utilities 526,047,000 534,196,000 1,397,326,000 1,324,325,000
Sales to AEP Affiliates 5,203,000 18,296,000 22,748,000 41,935,000
Other Revenues 521,000 441,000 1,570,000 1,163,000
TOTAL REVENUES 531,771,000 552,933,000 1,421,644,000 1,367,423,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 194,175,000 202,024,000 500,878,000 490,447,000
Purchased Electricity for Resale 36,960,000 37,505,000 138,380,000 120,273,000
Purchased Electricity from AEP Affiliates 0 815,000 3,766,000 6,757,000
Other Operation 68,601,000 62,108,000 206,442,000 182,351,000
Maintenance 29,867,000 24,654,000 93,946,000 84,725,000
Asset Impairments and Other Related Charges 0 110,850,000 0 110,850,000
Depreciation and Amortization 46,791,000 41,846,000 138,316,000 132,460,000
Taxes Other Than Income Taxes 22,246,000 20,772,000 63,272,000 59,530,000
TOTAL EXPENSES 398,640,000 500,574,000 1,145,000,000 1,187,393,000
OPERATING INCOME (LOSS) 133,131,000 52,359,000 276,644,000 180,030,000
Other Income (Expense):        
Allowance for Equity Funds Used During Construction     7,415,000 4,872,000
Other Income 3,367,000 2,457,000 7,737,000 5,048,000
Interest Expense (31,644,000) (32,614,000) (95,258,000) (100,151,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 104,854,000 22,202,000 189,123,000 84,927,000
Income Tax Expense (Credit) 31,042,000 14,935,000 60,252,000 37,057,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 735,000 653,000 1,461,000 1,825,000
NET INCOME (LOSS) 74,547,000 7,920,000 130,332,000 49,695,000
Net Income Attributable to Noncontrolling Interests 1,109,000 1,058,000 3,337,000 3,204,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 73,438,000 $ 6,862,000 $ 126,995,000 $ 46,491,000