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American Electric Power Co Inc (AEP) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

American Electric Power Co Inc

CIK: 4904 Ticker: AEP


Exhibit 99.1
MEDIA CONTACT:
 
ANALYSTS CONTACT:
Melissa McHenry
 
Bette Jo Rozsa
Director, External Communications
 
Managing Director, Investor Relations
614/716-1120
 
614/716-2840

FOR IMMEDIATE RELEASE

AEP REPORTS 2015 FOURTH-QUARTER AND YEAR-END EARNINGS;
STRONG PERFORMANCE DRIVEN BY INVESTMENT IN CORE OPERATIONS

Fourth-quarter 2015 earnings $0.96 per share GAAP and $0.48 per share operating
Year-end 2015 earnings $4.17 per share GAAP and $3.69 per share operating
Company reaffirms 2016 operating earnings guidance range of $3.60 to $3.80 per share
Company increases planned capital investments for 2017 and 2018 to $5 billion annually
 
AMERICAN ELECTRIC POWER
Preliminary, unaudited results
 
 
Fourth-quarter ended Dec. 31
 
Year-to-date ended Dec. 31
 
 
2015
2014
Variance
 
2015
2014
Variance
Revenue ($ in billions):
3.6
3.8
(0.2)
 
16.5
16.4
0.1
Earnings ($ in millions):
 
 
 
 
 
 
 
 
GAAP
469
191
278
 
    2,047
    1,634
413
 
Operating
233
232
1
 
    1,808
    1,675
133
EPS ($):
 
 
 
 
 
 
 
 
GAAP
0.96
0.39
0.57
 
4.17
3.34
0.83
 
Operating
0.48
0.48
0.00
 
3.69
3.43
0.26
EPS based on 491mm shares Q4 2015, 489mm shares Q4 2014, 490mm shares YTD 2015 and 489mm shares YTD 2014.
 

COLUMBUS, Ohio, Jan. 28, 2016 - American Electric Power (NYSE: AEP) today reported fourth-quarter 2015 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $469 million or $0.96 per share, compared with $191 million or $0.39 per share in fourth-quarter 2014. Operating earnings (GAAP earnings excluding special items) for fourth-quarter 2015 were $233 million or $0.48 per share, compared with fourth-quarter 2014 operating earnings of $232 million or $0.48 per share.
Year-end 2015 GAAP earnings were $2.047 billion or $4.17 per share, compared with $1.634 billion or $3.34 per share in 2014. Year-end 2015 operating earnings were $1.808 billion or $3.69 per share, compared with $1.675 billion or $3.43 per share in 2014.

1

The following information was filed by American Electric Power Co Inc (AEP) on Thursday, January 28, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Condensed Consolidated Statements Of Changes In Equity
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Consolidated Statements Of Income
Benefit Plans
Benefit Plans (policies)
Benefit Plans (tables)
Benefit Plans 1 (details)
Benefit Plans 2 (details)
Benefit Plans 3 (details)
Business Segments
Business Segments (details)
Business Segments (tables)
Commitments, Guarantees And Contingencies
Commitments, Guarantees And Contingencies (details)
Commitments, Guarantees And Contingencies (tables)
Comprehensive Income
Comprehensive Income (details)
Comprehensive Income (tables)
Cost Reduction Programs
Cost Reduction Programs (details)
Cost Reduction Programs (tables)
Derivatives And Hedging
Derivatives And Hedging (details)
Derivatives And Hedging (policies)
Derivatives And Hedging (tables)
Dispositions And Impairments
Dispositions And Impairments (details)
Dispositions And Impairments (tables)
Effects Of Regulation
Effects Of Regulation (details)
Effects Of Regulation (tables)
Fair Value Financial Assets Liabilities (details)
Fair Value Long-term Debt, Other Temporary Investments, Nuclear Trusts (details)
Fair Value Measurements
Fair Value Measurements (policies)
Fair Value Measurements (tables)
Financing Activities
Financing Activities (details)
Financing Activities (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (details)
Income Taxes (policies)
Income Taxes (tables)
Leases
Leases (details)
Leases (policies)
Leases (tables)
New Accounting Pronouncements
New Accounting Pronouncements (details)
New Accounting Pronouncements (tables)
Organization And Summary Of Significant Accounting Policies
Organization And Summary Of Significant Accounting Policies (details)
Organization And Summary Of Significant Accounting Policies (policies)
Organization And Summary Of Significant Accounting Policies (tables)
Property, Plant And Equipment
Property, Plant And Equipment (details)
Property, Plant And Equipment (policies)
Property, Plant And Equipment (tables)
Rate Matters
Rate Matters - East Companies (details)
Rate Matters - West Companies (details)
Related Party Transactions
Related Party Transactions (details)
Related Party Transactions (tables)
Stock-based Compensation
Stock-based Compensation (details)
Stock-based Compensation (policies)
Stock-based Compensation (tables)
Unaudited Quarterly Financial Information
Unaudited Quarterly Financial Information (details)
Unaudited Quarterly Financial Information (tables)
Variable Interest Entities
Variable Interest Entities (details)
Variable Interest Entities (policies)
Variable Interest Entities (tables)

Material Contracts, Statements, Certifications & more

American Electric Power Co Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.V: Aep Executive Severance Plan
Exhibit 12: Computation Of Ratios - Aep
Exhibit 12: Computation Of Ratios - Apco
Exhibit 12: Computation Of Ratios - I&Amp;M
Exhibit 12: Computation Of Ratios - Opco
Exhibit 12: Computation Of Ratios - Pso
Exhibit 12: Computation Of Ratios - Swepco
Exhibit 13: Annual Report
Exhibit 21: Subsidiaries Of Aep
Exhibit 23: Consent Of Deloitte &Amp; Touche - Aep
Exhibit 23: Consent Of Deloitte &Amp; Touche - Apco
Exhibit 23: Consent Of Deloitte &Amp; Touche - I&Amp;M
Exhibit 23: Consent Of Deloitte &Amp; Touche - Swepco
Exhibit 24: Power Of Attorney - Aep
Exhibit 24: Power Of Attorney - Apco
Exhibit 24: Power Of Attorney - I&Amp;M
Exhibit 24: Power Of Attorney - Opco
Exhibit 24: Power Of Attorney - Pso
Exhibit 24: Power Of Attorney - Swepco
Exhibit 31.A: 301 Certification Of Ceo (Sox) - Aep
Exhibit 31.A: 301 Certification Of Ceo (Sox) - Apco
Exhibit 31.A: 301 Certification Of Ceo (Sox) - I&Amp;M
Exhibit 31.A: 301 Certification Of Ceo (Sox) - Opco
Exhibit 31.A: 301 Certification Of Ceo (Sox) - Pso
Exhibit 31.A: 301 Certification Of Ceo (Sox) - Swepco
Exhibit 31.B: 302 Certification Of Cfo (Sox) - Aep
Exhibit 31.B: 302 Certification Of Cfo (Sox) - Apco
Exhibit 31.B: 302 Certification Of Cfo (Sox) - I&Amp;M
Exhibit 31.B: 302 Certification Of Cfo (Sox) - Opco
Exhibit 31.B: 302 Certification Of Cfo (Sox) - Pso
Exhibit 31.B: 302 Certification Of Cfo (Sox) - Swepco
Exhibit 32.A: 1350 Certification Of Ceo - Aep
Exhibit 32.A: 1350 Certification Of Ceo - Apco
Exhibit 32.A: 1350 Certification Of Ceo - I&Amp;M
Exhibit 32.A: 1350 Certification Of Ceo - Opco
Exhibit 32.A: 1350 Certification Of Ceo - Pso
Exhibit 32.A: 1350 Certification Of Ceo - Swepco
Exhibit 32.B: 1350 Certification Of Cfo - Aep
Exhibit 32.B: 1350 Certification Of Cfo - Apco
Exhibit 32.B: 1350 Certification Of Cfo - I&Amp;M
Exhibit 32.B: 1350 Certification Of Cfo - Opco
Exhibit 32.B: 1350 Certification Of Cfo - Pso
Exhibit 32.B: 1350 Certification Of Cfo - Swepco
Exhibit 95: Mine Safety Disclosure
Ticker: AEP
CIK: 4904
Form Type: 10-K Annual Report
Accession Number: 0000004904-16-000056
Submitted to the SEC: Tue Feb 23 2016 6:04:17 PM EST
Accepted by the SEC: Wed Feb 24 2016
Period: Thursday, December 31, 2015
Industry: Electric Services

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