American Electric Power (AEP) FY2024 results: revenue $19.7 billion, up 3.9% on the year
American Electric Power Co. Inc. (AEP) reported revenue of $19.7 billion for fiscal 2024, the year ended 31 December 2024, up 3.9% on the year before. Net income was $3.0 billion, up 34.4%, and diluted earnings per share $5.58. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$19.7 billion
+3.9% on the year
FY2017FY2024
Operating margin
21.8%
18.7% a year earlier
FY2017FY2024
Net income
$3.0 billion
+34.4% on the year
FY2017FY2024
Diluted EPS
$5.58
+31.6% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
6,804
5,012
5,288
+35.8%
Capital expenditure
399
155
n/a
+157.4%
Free cash flow
6,405
4,857
n/a
+31.9%
Free cash flow margin
32.5%
25.6%
n/a
Cash from investing
-7,596
-6,267
-7,752
Cash from financing
659
1,077
2,569
-38.8%
Depreciation and amortisation
3,149
2,928
3,073
+7.6%
Share-based compensation
52.9
50.9
63.3
+3.9%
Dividends paid
1,898
1,752
1,645
+8.3%
Dividend per share
$3.57
$3.37
$3.17
+5.9%
Diluted shares, weighted
531m
520m
513m
+2.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
26,944
25,247
23,893
+6.7%
Non-controlling interest
42.0
39.2
229
+7.1%
Redeemable equity
37.8
42.5
n/a
-11.1%
Short-term borrowings
2,524
n/a
n/a
Debt
42,643
42,973
40,913
-0.8%
Operating lease liabilities
504
519
552
-2.9%
Finance lease liabilities
117
140
n/a
-16.3%
Other liabilities
30,266
27,723
27,882
+9.2%
Total liabilities and equity
103,078
96,684
93,469
+6.6%
Fixed assets
715
564
73,339
+26.7%
Goodwill
53.0
52.5
52.5
+1.0%
Investments
215
214
188
+0.5%
Cash and equivalents
203
330
509
-38.5%
Receivables
2,632
2,447
2,668
+7.5%
Other assets
99,260
93,075
16,713
+6.6%
Total assets
103,078
96,684
93,469
+6.6%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.