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American Electric Power Co Inc (AEP) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

American Electric Power Co Inc

CIK: 1156831 Ticker: AEP


Exhibit 99.1
aepearningsreleaselogoa12.jpg
 
News from AEP
MEDIA CONTACT:
 
ANALYSTS CONTACT:
Melissa McHenry
 
Darcy Reese
Managing Director, External Communications
 
Managing Director, Investor Relations
614/716-1120
 
614/716-2614

FOR IMMEDIATE RELEASE

AEP REPORTS STRONG 2019 EARNINGS

Year-end 2019 earnings of $3.89 per share GAAP
Full-year operating earnings of $4.24 per share, at upper end of increased guidance range
Fourth-quarter 2019 earnings of $0.31 per share GAAP and $0.60 per share operating
Company reaffirms 2020 operating earnings guidance range of $4.25 to $4.45 per share and
long-term operating earnings growth rate of 5% to 7%

 
AMERICAN ELECTRIC POWER
Preliminary, unaudited results
 
 
Fourth Quarter ended December 31
 
Year-to-date ended December 31
 
 
2019

2018

Variance

 
2019

2018

Variance

Revenue ($ in billions):
3.6

3.8

(0.2
)
 
15.6

16.2

(0.6
)
Earnings (Loss) ($ in millions):
 
 
 
 
 
 
 
 
GAAP
153.5

363.4

(209.9
)
 
1,921.1

1,923.8

(2.7
)
 
Operating (non-GAAP)
294.1

354.4

(60.3
)
 
2,094.8

1,945.0

149.8

EPS ($):
 
 
 
 
 
 
 
 
 
GAAP
0.31

0.74

(0.43
)
 
3.89

3.90

(0.01
)
 
Operating (non-GAAP)
0.60

0.72

(0.12
)
 
4.24

3.95

0.29

EPS based on 494mm shares 4Q 2019, 493mm shares 4Q 2018, 494mm shares YTD 2019 and 493mm shares YTD 2018.
 

COLUMBUS, Ohio, Feb 20, 2020 - American Electric Power (NYSE: AEP) today reported fourth-quarter 2019 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $154 million or $0.31 per share, compared with GAAP earnings of $363 million or $0.74 per share in fourth-

1

The following information was filed by American Electric Power Co Inc (AEP) on Thursday, February 20, 2020 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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American Electric Power Co Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover
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)
Derivatives And Hedging
Derivatives And Hedging (Details)
Derivatives And Hedging (Policies)
Derivatives And Hedging (Tables)
Dispositions, Assets And Liabilities Held For Sale And Impairments
Dispositions, Assets And Liabilities Held For Sale And Impairments (Details)
Dispositions, Assets And Liabilities Held For Sale 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
Goodwill (Details)
Goodwill (Tables)
Income Taxes
Income Taxes (Details)
Income Taxes (Policies)
Income Taxes (Tables)
Leases
Leases (Details)
Leases (Policies)
Leases (Tables)
New Accounting Pronouncements
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)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Details)
Revenue From Contracts With Customers (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 4.C: Description Of Securities
Exhibit 10.F2A: Second Amendment To Aep System Supplemental Retirement Savings Plan As Amended
Exhibit 10.E: Aep System Excess Benefit Plan, Amended
Exhibit 10.L: Central And South West System Special Executive Retirement Plan Amended
Exhibit 13: Annual Report
Exhibit 21: Subsidiaries Of Aep
Exhibit 23: Consent Of Pricewaterhousecoopers Llp - Aep
Exhibit 23: Consent Of Pricewaterhousecoopers Llp - Aeptco
Exhibit 23: Consent Of Pricewaterhousecoopers Llp - Aep Texas
Exhibit 23: Consent Of Pricewaterhousecoopers Llp - I&Amp;M
Exhibit 23: Consent Of Pricewaterhousecoopers Llp - Opco
Exhibit 23: Consent Of Pricewaterhousecoopers Llp - Swepco
Exhibit 24: Power Of Attorney - Aep
Exhibit 24: Power Of Attorney - Aeptco
Exhibit 24: Power Of Attorney - Aep Texas
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) - Aeptco
Exhibit 31.A: 301 Certification Of Ceo (Sox) - Aep Texas
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) - Aeptco
Exhibit 31.B: 302 Certification Of Cfo (Sox) - Aep Texas
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 - Aeptco
Exhibit 32.A: 1350 Certification Of Ceo - Aep Texas
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 - Aeptco
Exhibit 32.B: 1350 Certification Of Cfo - Aep Texas
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 32.B: Mine Safety Disclosure
Ticker: AEP
CIK: 4904
Form Type: 10-K Annual Report
Accession Number: 0000004904-20-000007
Submitted to the SEC: Thu Feb 20 2020 8:52:40 AM EST
Accepted by the SEC: Thu Feb 20 2020
Period: Tuesday, December 31, 2019
Industry: Electric Services

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