AEP Q2 2023 Earnings Report — American Electric Power Company, Inc. Revenue & Financial Results | Market Cap Arena

American Electric Power Company, Inc.AEP

Q2 2023 Earnings

Reported July 27, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2023	Q1 2023	Q2 2022	QoQ Change	YoY Change
Revenue	$4.5B	—	$4.5B	—	-0.5%
Op. Income	$999M	—	$831M	—	20.2%
Gross Margin	30.2%	—	26.6%	—	3.7pp
Net Margin	11.6%	—	11.6%	—	-0.0pp
EPS (Diluted)	$1.01	—	$1.02	—	-1.0%
Free Cash Flow	-$868M	—	-$120M	—	-625.8%

Revenue Flow

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$3.1B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$360M
Operating Expenses	$360M
Cost & Expenses	$3.5B
OPERATING INCOME	$999M
Interest Income	$0
Interest Expense	$461M
Other Income/Expenses	-$454M
INCOME BEFORE TAX	$545M
Income Tax Expense	$29M
Net Income from Continuing Ops	$516M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$521M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$521M
D&A	$742M
EBIT	$986M
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$3.1B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$360M
Operating Expenses	$360M
Cost & Expenses	$3.5B
OPERATING INCOME	$999M
Interest Income	$0
Interest Expense	$461M
Other Income/Expenses	-$454M
INCOME BEFORE TAX	$545M
Income Tax Expense	$29M
Net Income from Continuing Ops	$516M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$521M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$521M
D&A	$742M
EBIT	$986M
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$521M
Depreciation & Amortization	$742M
Stock-Based Compensation	$0
Deferred Income Tax	$372M
Other Non-Cash Items	-$151M
Change in Working Capital	-$321M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$2.0B
Acquisitions (Net)	-$2.0B
Purchases of Investments	-$698M
Sales/Maturities of Investments	$689M
Other Investing Activities	$2.0B
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$1.2B
Common Stock Repurchased	$0
Common Dividends Paid	-$432M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	$814M
FREE CASH FLOW	-$868M
Net Change in Cash	-$43M

Balance Sheet

Item	Amount
Cash & Equivalents	$305M
Short-Term Investments	$203M
Net Receivables	$2.4B
Inventory	$1.7B
Other Current Assets	$3.2B
TOTAL CURRENT ASSETS	$8.0B
PP&E (Net)	$75.3B
Goodwill	$53M
Intangible Assets	$0
Long-Term Investments	$4.0B
Tax Assets	$0
Other Non-Current Assets	$8.5B
TOTAL NON-CURRENT ASSETS	$88.0B
TOTAL ASSETS	$96.0B
Account Payables	$2.4B
Short-Term Debt	$7.2B
Deferred Revenue	$382M
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$13.3B
Long-Term Debt	$36.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9.2B
Other Non-Current Liabilities	$12.2B
TOTAL NON-CURRENT LIABILITIES	$58.6B
TOTAL LIABILITIES	$71.9B
Common Stock	$3.4B
Additional Paid-In Capital	$8.1B
Retained Earnings	$12.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$36M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$23.9B
Minority Interest	$222M
TOTAL EQUITY	$24.1B
TOTAL LIABILITIES & EQUITY	$96.0B
Total Debt	$44.7B
Net Debt	$44.4B