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American Electric Power Co Inc (AEP) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

American Electric Power Co Inc

CIK: 1156831 Ticker: AEP

Exhibit 99.1
aepearningsreleaselogoa101a.jpg
News from AEP
MEDIA CONTACT:ANALYSTS CONTACT:
Tammy RidoutDarcy Reese
Director, External CommunicationsVice President, Investor Relations
614/716-2347614/716-2614

FOR IMMEDIATE RELEASE

AEP REPORTS STRONG 2020 EARNINGS; RAISES 2021 OPERATING EARNINGS GUIDANCE

Year-end 2020 GAAP and operating earnings of $4.44 per share
Fourth-quarter 2020 earnings of $0.88 per share GAAP and $0.87 per share operating
Company raises 2021 operating earnings (non-GAAP) guidance range to $4.55 to $4.75 per share; maintains 5% to 7% long-term growth rate based on new guidance
AEP accelerates carbon dioxide emissions reduction goals to reach net zero by 2050
AMERICAN ELECTRIC POWER
Preliminary, unaudited results
Fourth Quarter ended December 31,Year-to-date ended December 31,
20202019Variance20202019Variance
Revenue ($ in billions):3.6 3.6 — 14.9 15.6 (0.7)
Earnings ($ in millions):
GAAP435.5 153.5 282.0 2,200.1 1,921.1 279.0 
Operating (non-GAAP)432.7 294.1 138.6 2,198.6 2,094.8 103.8 
EPS ($):
GAAP0.88 0.31 0.57 4.44 3.89 0.55 
Operating (non-GAAP)0.87 0.60 0.27 4.44 4.24 0.20 
EPS based on 496 million shares 4Q 2020, 494 million shares 4Q 2019, 496 million shares YTD 2020 and 494 million shares YTD 2019.
COLUMBUS, Ohio, Feb 25, 2021 - American Electric Power (Nasdaq: AEP) today reported fourth-quarter 2020 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $436 million or $0.88 per share, compared with GAAP earnings of $154 million or $0.31 per share in fourth-quarter 2019. Operating earnings for fourth-quarter 2020 were $433 million or
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The following information was filed by American Electric Power Co Inc (AEP) on Thursday, February 25, 2021 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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Definitive Proxy Statement (Form DEF 14A)
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American Electric Power Co Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

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  • Executive Team
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  • Peers / Competitors

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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 Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Income
Acquisitions, Dispositions And Impairments
Acquisitions, Dispositions And Impairments (Details)
Acquisitions, Dispositions And Impairments (Tables)
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)
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 Standards
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)
Subsequent Events
Subsequent Events (Details)
Subsequent Events (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: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.D: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 10.N: Material Contract
Exhibit 21: Subsidaries Of The Registrant
Exhibit 23: Consents Of Experts And Counsel
Exhibit 23: Consents Of Experts And Counsel
Exhibit 23: Consents Of Experts And Counsel
Exhibit 23: Consents Of Experts And Counsel
Exhibit 23: Consents Of Experts And Counsel
Exhibit 23: Consents Of Experts And Counsel
Exhibit 23: Consents Of Experts And Counsel
Exhibit 23: Consents Of Experts And Counsel
Exhibit 24: Power Of Attorney
Exhibit 24: Power Of Attorney
Exhibit 24: Power Of Attorney
Exhibit 24: Power Of Attorney
Exhibit 24: Power Of Attorney
Exhibit 24: Power Of Attorney
Exhibit 24: Power Of Attorney
Exhibit 24: Power Of Attorney
Exhibit 31.A: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.A: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.A: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.A: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.A: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.A: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.A: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.A: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.B: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.B: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.B: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.B: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.B: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.B: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.B: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.B: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.A: Section 1350 Certification
Exhibit 32.A: Section 1350 Certification
Exhibit 32.A: Section 1350 Certification
Exhibit 32.A: Section 1350 Certification
Exhibit 32.A: Section 1350 Certification
Exhibit 32.A: Section 1350 Certification
Exhibit 32.A: Section 1350 Certification
Exhibit 32.A: Section 1350 Certification
Exhibit 32.B: Section 1350 Certification
Exhibit 32.B: Section 1350 Certification
Exhibit 32.B: Section 1350 Certification
Exhibit 32.B: Section 1350 Certification
Exhibit 32.B: Section 1350 Certification
Exhibit 32.B: Section 1350 Certification
Exhibit 32.B: Section 1350 Certification
Exhibit 32.B: Section 1350 Certification
Exhibit 95: Ex-95
Ticker: AEP
CIK: 4904
Form Type: 10-K Annual Report
Accession Number: 0000004904-21-000010
Submitted to the SEC: Thu Feb 25 2021 8:27:36 AM EST
Accepted by the SEC: Thu Feb 25 2021
Period: Thursday, December 31, 2020
Industry: Electric Services

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