American Electric Power (AEP) FY2011 results: revenue $15.1 billion, up 4.8% on the year
American Electric Power Co. Inc. (AEP) reported revenue of $15.1 billion for fiscal 2011, the year ended 31 December 2011, up 4.8% on the year before. Net income was $1.9 billion, up 60.3%, and diluted earnings per share $4.02. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2012.
Revenue
$15.1 billion
+4.8% on the year
FY2007FY2011
Operating margin
18.4%
18.5% a year earlier
FY2007FY2011
Net income
$1.9 billion
+60.3% on the year
FY2007FY2011
Diluted EPS
$4.02
+58.9% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
15,116
14,427
13,489
+4.8%
Operating income
2,782
2,663
2,771
+4.5%
Operating margin
18.4%
18.5%
20.5%
Interest expense
933
999
973
-6.6%
Pre-tax income
2,394
1,861
1,945
+28.6%
Income tax
818
643
575
+27.2%
Effective tax rate
34.2%
34.6%
29.6%
Net income
1,946
1,214
1,360
+60.3%
Net margin
12.9%
8.4%
10.1%
Diluted EPS
$4.02
$2.53
$2.96
+58.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
3,788
2,662
2,475
+42.3%
Capital expenditure
19.0
155
104
-87.7%
Free cash flow
3,769
2,507
2,371
+50.3%
Free cash flow margin
24.9%
17.4%
17.6%
Cash from investing
-2,890
-2,523
-2,916
Cash from financing
-971
-335
520
Depreciation and amortisation
n/a
1,641
1,597
Dividends paid
898
824
758
+9.0%
Dividend per share
$1.85
$1.71
$1.64
+8.2%
Diluted shares, weighted
482m
480m
459m
+0.6%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
14,664
13,622
13,140
+7.6%
Non-controlling interest
1.0
0.0
0.0
Redeemable equity
60.0
n/a
n/a
Short-term borrowings
1,650
1,346
126
+22.6%
Debt
16,516
16,811
17,498
-1.8%
Other liabilities
19,332
18,676
17,584
+3.5%
Total liabilities and equity
52,223
50,455
48,348
+3.5%
Fixed assets
36,971
35,674
34,344
+3.6%
Goodwill
76.0
76.0
76.0
0.0%
Investments
294
416
363
-29.3%
Cash and equivalents
221
294
490
-24.8%
Receivables
1,834
1,923
1,050
-4.6%
Other assets
12,827
12,072
12,025
+6.3%
Total assets
52,223
50,455
48,348
+3.5%
10-K for the year ended 31 December 2011, filed 28 February 2012: the filing.