XML 48 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and Cash Equivalents $ 256.8 $ 202.9
Restricted Cash 35.2 43.1
Other Temporary Investments 206.8 215.4
Accounts Receivable:    
Customers 1,119.3 1,100.1
Accrued Unbilled Revenues 252.9 367.0
Pledged Accounts Receivable – AEP Credit 1,256.3 1,161.5
Miscellaneous 52.4 64.1
Allowance for Credit Losses (62.9) (60.8)
Total Accounts Receivable 2,618.0 2,631.9
Fuel 620.3 748.9
Materials and Supplies 961.9 966.2
Risk Management Assets 309.4 210.4
Accrued Tax Benefits 66.5 38.2
Regulatory Asset for Under-Recovered Fuel Costs 537.4 445.9
Prepayments and Other Current Assets 324.6 285.9
TOTAL CURRENT ASSETS 5,936.9 5,788.8
PROPERTY, PLANT AND EQUIPMENT    
Generation 24,871.2 24,829.7
Transmission 39,375.6 38,871.9
Distribution 31,590.0 31,061.9
Other Property, Plant and Equipment (Including Coal Mining and Nuclear Fuel) 7,502.7 7,491.6
Construction Work in Progress 6,835.4 6,346.9
Total Property, Plant and Equipment 110,174.9 108,602.0
Accumulated Depreciation and Amortization 26,612.2 26,186.4
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 83,562.7 82,415.6
OTHER NONCURRENT ASSETS    
Regulatory Assets 5,133.6 5,129.2
Securitized Assets 537.5 554.3
Spent Nuclear Fuel and Decommissioning Trusts 4,309.3 4,395.1
Goodwill 52.5 52.5
Long-term Risk Management Assets 246.5 289.1
Operating Lease Assets 578.8 580.1
Deferred Charges and Other Noncurrent Assets 4,036.8 3,873.3
TOTAL OTHER NONCURRENT ASSETS 14,895.0 14,873.6
TOTAL ASSETS 104,394.6 103,078.0
CURRENT LIABILITIES    
Accounts Payable 2,380.8 2,637.6
Short-term Debt:    
Securitized Debt for Receivables – AEP Credit 900.0 900.0
Other Short-term Debt 2,446.1 1,623.8
Total Short-term Debt 3,346.1 2,523.8
Long-term Debt Due Within One Year 4,178.9 3,335.0
Risk Management Liabilities 132.6 100.0
Customer Deposits 467.5 454.7
Accrued Taxes 1,797.0 1,922.1
Accrued Interest 589.4 453.3
Obligations Under Operating Leases 92.8 91.9
Other Current Liabilities 1,257.2 1,490.9
TOTAL CURRENT LIABILITIES 14,242.3 13,009.3
NONCURRENT LIABILITIES    
Long-term Debt 38,810.9 39,307.8
Long-term Risk Management Liabilities 198.3 224.4
Deferred Income Taxes 10,199.1 9,972.4
Regulatory Liabilities and Deferred Investment Tax Credits 8,294.3 8,344.0
Asset Retirement Obligations 3,551.6 3,530.6
Employee Benefits and Pension Obligations 357.8 360.7
Obligations Under Operating Leases 501.5 504.3
Deferred Credits and Other Noncurrent Liabilities 828.1 800.6
TOTAL NONCURRENT LIABILITIES 62,741.6 63,044.8
TOTAL LIABILITIES 76,983.9 76,054.1
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
MEZZANINE EQUITY    
Contingently Redeemable Performance Share Awards 46.7 37.8
TOTAL MEZZANINE EQUITY 46.7 37.8
EQUITY    
Common Stock 3,478.7 3,471.6
Paid-in Capital 9,652.3 9,606.1
Retained Earnings 14,169.4 13,869.2
Accumulated Other Comprehensive Income (Loss) 20.3 (3.1)
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY 27,320.7 26,943.8
Noncontrolling Interests 43.3 42.3
TOTAL EQUITY 27,364.0 26,986.1
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY $ 104,394.6 $ 103,078.0