American Electric Power (AEP) FY2015 results: revenue $16.5 billion, up 0.5% on the year
American Electric Power Co. Inc. (AEP) reported revenue of $16.5 billion for fiscal 2015, the year ended 31 December 2015, up 0.5% on the year before. Net income was $2.0 billion, up 25.3%, and diluted earnings per share $4.17. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$16.5 billion
+0.5% on the year
FY2008FY2015
Operating margin
20.3%
19.1% a year earlier
FY2008FY2015
Net income
$2.0 billion
+25.3% on the year
FY2008FY2015
Diluted EPS
$4.17
+24.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
16,453
16,379
14,814
+0.5%
Operating income
3,334
3,127
2,822
+6.6%
Operating margin
20.3%
19.1%
19.1%
Interest expense
874
868
890
+0.7%
Pre-tax income
2,688
2,493
2,152
+7.8%
Income tax
920
903
678
+1.9%
Effective tax rate
34.2%
36.2%
31.5%
Net income
2,047
1,634
1,480
+25.3%
Net margin
12.4%
10.0%
10.0%
Diluted EPS
$4.17
$3.34
$3.04
+24.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
4,749
4,602
4,096
+3.2%
Capital expenditure
5.3
64.8
32.0
-91.8%
Free cash flow
4,743
4,538
4,064
+4.5%
Free cash flow margin
28.8%
27.7%
27.4%
Cash from investing
-4,564
-4,406
-3,818
Cash from financing
-662
-151
-439
Depreciation and amortisation
1,677
1,579
1,455
+6.2%
Dividends paid
1,059
998
954
+6.1%
Dividend per share
$2.15
$2.03
$1.95
+5.9%
Diluted shares, weighted
491m
489m
487m
+0.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
17,892
16,820
16,085
+6.4%
Non-controlling interest
13.2
4.3
1.0
+207.0%
Short-term borrowings
800
1,346
757
-40.6%
Debt
19,573
18,512
18,377
+5.7%
Other liabilities
23,406
22,950
21,194
+2.0%
Total liabilities and equity
61,683
59,633
56,414
+3.4%
Fixed assets
46,133
43,635
40,997
+5.7%
Goodwill
52.5
91.3
91.0
-42.5%
Investments
387
386
353
+0.2%
Cash and equivalents
176
162
118
+8.6%
Receivables
1,640
1,835
1,860
-10.6%
Other assets
13,294
13,523
12,996
-1.7%
Total assets
61,683
59,633
56,414
+3.4%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.