AEP Q1 2020 Earnings Report — American Electric Power Company, Inc. Revenue & Financial Results | Market Cap Arena

American Electric Power Company, Inc.AEP

Q1 2020 Earnings

Reported May 6, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2020	Q4 2019	Q1 2019	QoQ Change	YoY Change
Revenue	$3.8B	$3.6B	$4.1B	3.8%	-7.3%
Op. Income	$762M	$454M	$785M	67.9%	-2.9%
Gross Margin	28.8%	20.9%	27.0%	7.9pp	1.8pp
Net Margin	13.2%	4.2%	14.1%	8.9pp	-1.0pp
EPS (Diluted)	$1.00	$0.31	$1.16	222.6%	-13.8%
Free Cash Flow	-$1.2B	-$796M	-$790M	-48.1%	-49.2%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$321M
Operating Expenses	$321M
Cost & Expenses	$3.0B
OPERATING INCOME	$762M
Interest Income	$0
Interest Expense	$291M
Other Income/Expenses	-$216M
INCOME BEFORE TAX	$546M
Income Tax Expense	$47M
Net Income from Continuing Ops	$499M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$495M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$495M
D&A	$696M
EBIT	$807M
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$321M
Operating Expenses	$321M
Cost & Expenses	$3.0B
OPERATING INCOME	$762M
Interest Income	$0
Interest Expense	$291M
Other Income/Expenses	-$216M
INCOME BEFORE TAX	$546M
Income Tax Expense	$47M
Net Income from Continuing Ops	$499M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$495M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$495M
D&A	$696M
EBIT	$807M
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$495M
Depreciation & Amortization	$730M
Stock-Based Compensation	$0
Deferred Income Tax	-$32M
Other Non-Cash Items	-$67M
Change in Working Capital	-$511M
OPERATING CASH FLOW	$616M
Capital Expenditure	-$1.8B
Acquisitions (Net)	-$1.8B
Purchases of Investments	-$633M
Sales/Maturities of Investments	$636M
Other Investing Activities	$1.8B
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$2.7B
Common Stock Repurchased	$0
Common Dividends Paid	-$364M
Other Financing Activities	-$33M
NET CASH FROM FINANCING	$2.4B
FREE CASH FLOW	-$1.2B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$185M
Net Receivables	$1.7B
Inventory	$1.2B
Other Current Assets	$396M
TOTAL CURRENT ASSETS	$5.3B
PP&E (Net)	$62.0B
Goodwill	$53M
Intangible Assets	$0
Long-Term Investments	$3.5B
Tax Assets	$0
Other Non-Current Assets	$6.9B
TOTAL NON-CURRENT ASSETS	$72.4B
TOTAL ASSETS	$77.7B
Account Payables	$1.6B
Short-Term Debt	$6.6B
Deferred Revenue	$361M
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$11.7B
Long-Term Debt	$25.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7.7B
Other Non-Current Liabilities	$11.9B
TOTAL NON-CURRENT LIABILITIES	$46.1B
TOTAL LIABILITIES	$57.7B
Common Stock	$3.4B
Additional Paid-In Capital	$6.6B
Retained Earnings	$10.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$217M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$19.7B
Minority Interest	$279M
TOTAL EQUITY	$20.0B
TOTAL LIABILITIES & EQUITY	$77.7B
Total Debt	$33.3B
Net Debt	$31.8B