American Electric Power (AEP) FY2023 results: revenue $19.0 billion, down 3.3% on the year
American Electric Power Co. Inc. (AEP) reported revenue of $19.0 billion for fiscal 2023, the year ended 31 December 2023, down 3.3% on the year before. Net income was $2.2 billion, down 4.3%, and diluted earnings per share $4.24. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2024.
Revenue
$19.0 billion
-3.3% on the year
FY2016FY2023
Operating margin
18.7%
17.7% a year earlier
FY2016FY2023
Net income
$2.2 billion
-4.3% on the year
FY2016FY2023
Diluted EPS
$4.24
-5.6% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,012
5,288
3,840
-5.2%
Capital expenditure
155
n/a
n/a
Free cash flow
4,857
n/a
n/a
Free cash flow margin
25.6%
n/a
n/a
Cash from investing
-6,267
-7,752
-6,434
Cash from financing
1,077
2,569
2,607
-58.1%
Depreciation and amortisation
2,928
3,073
n/a
-4.7%
Share-based compensation
50.9
63.3
n/a
-19.6%
Dividends paid
1,752
1,645
-1,520
+6.5%
Dividend per share
$3.37
$3.17
$3.00
+6.3%
Diluted shares, weighted
520m
513m
502m
+1.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
25,247
23,893
22,433
+5.7%
Non-controlling interest
39.2
229
247
-82.9%
Redeemable equity
42.5
n/a
n/a
Short-term borrowings
n/a
n/a
2,614
Debt
42,973
40,913
34,558
+5.0%
Operating lease liabilities
519
552
501
-5.9%
Finance lease liabilities
140
n/a
n/a
Other liabilities
27,723
27,882
27,316
-0.6%
Total liabilities and equity
96,684
93,469
87,669
+3.4%
Fixed assets
564
73,339
68,304
-99.2%
Goodwill
52.5
52.5
52.5
0.0%
Investments
214
188
220
+14.3%
Cash and equivalents
330
509
403
-35.2%
Receivables
2,447
2,668
1,975
-8.3%
Other assets
93,075
16,713
16,713
+456.9%
Total assets
96,684
93,469
87,669
+3.4%
10-K for the year ended 31 December 2023, filed 26 February 2024: the filing.