American Electric Power (AEP) FY2021 results: revenue $16.8 billion, up 12.6% on the year
American Electric Power Co. Inc. (AEP) reported revenue of $16.8 billion for fiscal 2021, the year ended 31 December 2021, up 12.6% on the year before. Net income was $2.5 billion, up 13.1%, and diluted earnings per share $4.96. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$16.8 billion
+12.6% on the year
FY2014FY2021
Operating margin
20.3%
20.0% a year earlier
FY2014FY2021
Net income
$2.5 billion
+13.1% on the year
FY2014FY2021
Diluted EPS
$4.96
+12.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
3,840
3,833
4,270
+0.2%
Capital expenditure
n/a
0.0
918
Free cash flow
n/a
3,833
3,352
Free cash flow margin
n/a
25.7%
21.5%
Cash from investing
-6,434
-6,234
-7,144
Cash from financing
2,607
2,407
2,863
+8.3%
Dividends paid
-1,520
1,425
1,350
Dividend per share
$3.00
$2.84
$2.71
+5.6%
Diluted shares, weighted
502m
497m
495m
+0.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
22,433
20,551
19,632
+9.2%
Non-controlling interest
247
224
281
+10.5%
Redeemable equity
n/a
0.0
65.7
Short-term borrowings
2,614
2,479
2,838
+5.4%
Debt
34,558
31,072
26,726
+11.2%
Operating lease liabilities
501
638
735
-21.5%
Other liabilities
27,316
25,792
25,615
+5.9%
Total liabilities and equity
87,669
80,757
75,892
+8.6%
Fixed assets
68,304
63,902
60,138
+6.9%
Goodwill
52.5
52.5
52.5
0.0%
Investments
220
201
203
+9.8%
Cash and equivalents
403
393
247
+2.7%
Receivables
1,975
1,843
1,705
+7.2%
Other assets
16,713
14,367
13,547
+16.3%
Total assets
87,669
80,757
75,892
+8.6%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.