American Electric Power (AEP) FY2012 results: revenue $14.9 billion, down 1.1% on the year
American Electric Power Co. Inc. (AEP) reported revenue of $14.9 billion for fiscal 2012, the year ended 31 December 2012, down 1.1% on the year before. Net income was $1.3 billion, down 35.3%, and diluted earnings per share $2.60. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$14.9 billion
-1.1% on the year
FY2007FY2012
Operating margin
17.8%
18.4% a year earlier
FY2007FY2012
Net income
$1.3 billion
-35.3% on the year
FY2007FY2012
Diluted EPS
$2.60
-35.3% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
14,945
15,116
14,427
-1.1%
Operating income
2,656
2,782
2,663
-4.5%
Operating margin
17.8%
18.4%
18.5%
Interest expense
988
933
999
+5.9%
Pre-tax income
1,866
2,394
1,861
-22.1%
Income tax
604
818
643
-26.2%
Effective tax rate
32.4%
34.2%
34.6%
Net income
1,259
1,946
1,214
-35.3%
Net margin
8.4%
12.9%
8.4%
Diluted EPS
$2.60
$4.02
$2.53
-35.3%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
3,804
3,788
2,662
+0.4%
Capital expenditure
94.0
19.0
155
+394.7%
Free cash flow
3,710
3,769
2,507
-1.6%
Free cash flow margin
24.8%
24.9%
17.4%
Cash from investing
-3,391
-2,890
-2,523
Cash from financing
-355
-971
-335
Depreciation and amortisation
1,539
n/a
1,641
Dividends paid
916
898
824
+2.0%
Dividend per share
$1.88
$1.85
$1.71
+1.6%
Diluted shares, weighted
485m
482m
480m
+0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
15,237
14,664
13,622
+3.9%
Non-controlling interest
0.0
1.0
0.0
Redeemable equity
n/a
60.0
n/a
Short-term borrowings
981
1,650
1,346
-40.5%
Debt
17,757
16,516
16,811
+7.5%
Other liabilities
20,392
19,332
18,676
+5.5%
Total liabilities and equity
54,367
52,223
50,455
+4.1%
Fixed assets
38,763
36,971
35,674
+4.8%
Goodwill
91.0
76.0
76.0
+19.7%
Investments
324
294
416
+10.2%
Cash and equivalents
279
221
294
+26.2%
Receivables
1,871
1,834
1,923
+2.0%
Other assets
13,039
12,827
12,072
+1.7%
Total assets
54,367
52,223
50,455
+4.1%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.