AEP Q3 2023 Earnings Report — American Electric Power Company, Inc. Revenue & Financial Results | Market Cap Arena

American Electric Power Company, Inc.AEP

Q3 2023 Earnings

Reported November 2, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$5.4B	$4.5B	$5.4B	19.0%	-1.0%
Op. Income	$1.4B	$999M	$989M	36.6%	37.9%
Gross Margin	32.8%	30.2%	25.4%	2.6pp	7.4pp
Net Margin	17.8%	11.6%	12.6%	6.2pp	5.2pp
EPS (Diluted)	$1.83	$1.01	$1.33	81.2%	37.6%
Free Cash Flow	$90M	-$868M	$108M	110.3%	-16.9%

Revenue Flow

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$3.6B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$394M
Operating Expenses	$394M
Cost & Expenses	$4.0B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$472M
Other Income/Expenses	-$342M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$64M
Net Income from Continuing Ops	$958M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$954M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$954M
D&A	$792M
EBIT	$1.5B
EBITDA	$2.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$3.6B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$394M
Operating Expenses	$394M
Cost & Expenses	$4.0B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$472M
Other Income/Expenses	-$342M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$64M
Net Income from Continuing Ops	$958M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$954M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$954M
D&A	$792M
EBIT	$1.5B
EBITDA	$2.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$958M
Depreciation & Amortization	$792M
Stock-Based Compensation	$0
Deferred Income Tax	$319M
Other Non-Cash Items	$204M
Change in Working Capital	-$479M
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$1.7B
Acquisitions (Net)	-$1.9B
Purchases of Investments	-$964M
Sales/Maturities of Investments	$934M
Other Investing Activities	$3.2B
NET CASH FROM INVESTING	-$378M
Net Debt Issuance	-$1.8B
Common Stock Repurchased	$0
Common Dividends Paid	-$430M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$90M
Net Change in Cash	$56M

Balance Sheet

Item	Amount
Cash & Equivalents	$353M
Short-Term Investments	$211M
Net Receivables	$2.6B
Inventory	$1.7B
Other Current Assets	$1.6B
TOTAL CURRENT ASSETS	$6.7B
PP&E (Net)	$76.4B
Goodwill	$53M
Intangible Assets	$0
Long-Term Investments	$3.9B
Tax Assets	$0
Other Non-Current Assets	$8.0B
TOTAL NON-CURRENT ASSETS	$88.4B
TOTAL ASSETS	$95.1B
Account Payables	$2.3B
Short-Term Debt	$5.5B
Deferred Revenue	$380M
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$11.3B
Long-Term Debt	$36.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9.3B
Other Non-Current Liabilities	$12.0B
TOTAL NON-CURRENT LIABILITIES	$58.5B
TOTAL LIABILITIES	$69.8B
Common Stock	$3.4B
Additional Paid-In Capital	$9.0B
Retained Earnings	$12.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$41M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$25.3B
Minority Interest	$40M
TOTAL EQUITY	$25.3B
TOTAL LIABILITIES & EQUITY	$95.1B
Total Debt	$42.9B
Net Debt	$42.5B