American Electric Power (AEP) FY2016 results: revenue $16.4 billion, down 0.4% on the year
American Electric Power Co. Inc. (AEP) reported revenue of $16.4 billion for fiscal 2016, the year ended 31 December 2016, down 0.4% on the year before. Net income was $611 million, down 70.2%, and diluted earnings per share $1.24. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$16.4 billion
-0.4% on the year
FY2009FY2016
Operating margin
7.1%
20.3% a year earlier
FY2009FY2016
Net income
$611 million
-70.2% on the year
FY2009FY2016
Diluted EPS
$1.24
-70.3% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
16,380
16,453
16,379
-0.4%
Operating income
1,164
3,334
3,127
-65.1%
Operating margin
7.1%
20.3%
19.1%
Interest expense
877
874
868
+0.4%
Pre-tax income
547
2,688
2,493
-79.7%
Income tax
-73.7
920
903
Effective tax rate
-13.5%
34.2%
36.2%
Net income
611
2,047
1,634
-70.2%
Net margin
3.7%
12.4%
10.0%
Diluted EPS
$1.24
$4.17
$3.34
-70.3%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
4,522
4,749
4,602
-4.8%
Capital expenditure
108
5.3
64.8
+1,935.8%
Free cash flow
4,414
4,743
4,538
-6.9%
Free cash flow margin
26.9%
28.8%
27.7%
Cash from investing
-4,989
-4,564
-4,406
Cash from financing
504
-662
-151
Depreciation and amortisation
1,690
1,677
1,579
+0.8%
Dividends paid
1,121
1,059
998
+5.9%
Dividend per share
$2.27
$2.15
$2.03
+5.6%
Diluted shares, weighted
492m
491m
489m
+0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
17,397
17,892
16,820
-2.8%
Non-controlling interest
23.1
13.2
4.3
+75.0%
Short-term borrowings
1,713
800
1,346
+114.1%
Debt
20,256
19,573
18,512
+3.5%
Other liabilities
24,078
23,406
22,950
+2.9%
Total liabilities and equity
63,468
61,683
59,633
+2.9%
Fixed assets
45,639
46,133
43,635
-1.1%
Goodwill
52.5
52.5
91.3
0.0%
Investments
139
387
386
-64.1%
Cash and equivalents
210
176
162
+19.3%
Receivables
1,917
1,640
1,835
+16.8%
Other assets
15,510
13,294
13,523
+16.7%
Total assets
63,468
61,683
59,633
+2.9%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.