AEP Q2 2021 Earnings Report — American Electric Power Company, Inc. Revenue & Financial Results | Market Cap Arena

American Electric Power Company, Inc.AEP

Q2 2021 Earnings

Reported July 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$3.8B	$4.3B	$3.5B	-11.0%	9.3%
Op. Income	$791M	$809M	$714M	-2.2%	10.8%
Gross Margin	30.1%	27.0%	29.6%	3.1pp	0.5pp
Net Margin	15.2%	13.4%	14.9%	1.7pp	0.2pp
EPS (Diluted)	$1.15	$1.15	$1.05	0.0%	9.5%
Free Cash Flow	-$138M	-$1.7B	-$358M	91.7%	61.4%

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	$354M
Operating Expenses	$354M
Cost & Expenses	$3.0B
OPERATING INCOME	$791M
Interest Income	$0
Interest Expense	$300M
Other Income/Expenses	-$156M
INCOME BEFORE TAX	$635M
Income Tax Expense	$61M
Net Income from Continuing Ops	$574M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$578M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$578M
D&A	$725M
EBIT	$904M
EBITDA	$1.6B
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	$354M
Operating Expenses	$354M
Cost & Expenses	$3.0B
OPERATING INCOME	$791M
Interest Income	$0
Interest Expense	$300M
Other Income/Expenses	-$156M
INCOME BEFORE TAX	$635M
Income Tax Expense	$61M
Net Income from Continuing Ops	$574M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$578M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$578M
D&A	$725M
EBIT	$904M
EBITDA	$1.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$578M
Depreciation & Amortization	$652M
Stock-Based Compensation	$0
Deferred Income Tax	$285M
Other Non-Cash Items	$38M
Change in Working Capital	-$392M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$1.3B
Acquisitions (Net)	-$281M
Purchases of Investments	-$825M
Sales/Maturities of Investments	$806M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$821M
Common Stock Repurchased	$0
Common Dividends Paid	-$372M
Other Financing Activities	-$51M
NET CASH FROM FINANCING	$470M
FREE CASH FLOW	-$138M
Net Change in Cash	$36M

Balance Sheet

Item	Amount
Cash & Equivalents	$313M
Short-Term Investments	$222M
Net Receivables	$2.1B
Inventory	$1.2B
Other Current Assets	$675M
TOTAL CURRENT ASSETS	$4.6B
PP&E (Net)	$66.5B
Goodwill	$53M
Intangible Assets	$0
Long-Term Investments	$4.2B
Tax Assets	$0
Other Non-Current Assets	$9.0B
TOTAL NON-CURRENT ASSETS	$79.8B
TOTAL ASSETS	$84.4B
Account Payables	$1.6B
Short-Term Debt	$5.6B
Deferred Revenue	$350M
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$10.4B
Long-Term Debt	$30.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8.4B
Other Non-Current Liabilities	$12.7B
TOTAL NON-CURRENT LIABILITIES	$52.3B
TOTAL LIABILITIES	$62.7B
Common Stock	$3.4B
Additional Paid-In Capital	$6.8B
Retained Earnings	$11.1B
Treasury Stock	$0
Accum. Other Comp. Income	$97M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$21.4B
Minority Interest	$251M
TOTAL EQUITY	$21.6B
TOTAL LIABILITIES & EQUITY	$84.4B
Total Debt	$37.1B
Net Debt	$36.7B