10-QPeriod: Q2 FY2012

AMERICAN ELECTRIC POWER CO INC Quarterly Report for Q2 Ended Jun 30, 2012

Filed July 27, 2012For Securities:AEP

Summary

American Electric Power Company, Inc. (AEP) filed its Form 10-Q for the period ending June 29, 2012, on July 26, 2012. This report details the company's financial performance and condition, with a significant focus on the "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections for AEP and its various subsidiaries, including Appalachian Power Company, Indiana Michigan Power Company, Ohio Power Company, Public Service Company of Oklahoma, and Southwestern Electric Power Company. The filing provides condensed consolidated financial statements, offering investors a look into the company's operational results and financial standing during the second quarter of 2012. Key aspects that investors would typically scrutinize include revenue generation, operating expenses, profitability, cash flows, and any significant events or risks that could impact future performance. The inclusion of detailed subsidiary information suggests a complex operating structure, where performance at the segment level can be as important as the consolidated results.

Financial Highlights

46 data points
Beta

Revenue

$3.55B

Net Income

$362.00M

10.2% Net Margin

EPS (Diluted)

$0.75

Total Assets

$53.42B

Cash & Equivalents

$297.00M

Free Cash Flow

$834.00M

Financial Statements
Beta
Revenue$3.55B
Operating Expenses$2.81B
Operating Income$741.00M
Interest Expense$235.00M
Net Income$362.00M
EPS (Basic)$0.75
EPS (Diluted)$0.75
Shares Outstanding (Basic)484.50M
Shares Outstanding (Diluted)484.86M

Key Highlights

  • 1The report provides a consolidated view of AEP's financial performance for the period ending June 29, 2012, along with detailed financial statements and management discussions for its major subsidiaries.
  • 2Investors can analyze the "Management's Discussion and Analysis" sections to understand the key drivers of revenue, expenses, and profitability during the quarter.
  • 3The filing includes condensed consolidated financial statements, which are crucial for assessing the company's current financial health and operational efficiency.
  • 4Specific subsidiary reports (e.g., Appalachian Power, Indiana Michigan Power) allow for a granular understanding of regional performance and potential segment-specific risks or opportunities.
  • 5Part II of the filing addresses other important information, including legal proceedings, risk factors, and mine safety disclosures, which are vital for a comprehensive risk assessment.
  • 6The inclusion of numerous exhibits, particularly those related to Interactive Data Financial Reporting (XBRL) formats (Exhibit 101), indicates a move towards standardized and machine-readable financial data presentation.

Frequently Asked Questions

This 10-Q filing focuses on presenting the condensed consolidated financial statements and management's analysis of AEP's financial condition and results of operations for the quarter ended June 29, 2012. To understand the main trends, investors should carefully review the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections. These sections typically discuss year-over-year changes in revenues, operating expenses, net income, earnings per share, and cash flows, explaining the underlying reasons for these changes.

This report details the financial performance of AEP's major subsidiaries, including Appalachian Power Company, Indiana Michigan Power Company, Ohio Power Company, Public Service Company of Oklahoma, and Southwestern Electric Power Company. This granular detail is important because it allows investors to assess the performance and financial health of different operating segments or regions, which can have varying regulatory environments, customer bases, and economic conditions. Understanding subsidiary performance can help identify areas of strength or weakness within the larger AEP organization.

Investors should refer to Item 1. Legal Proceedings and Item 1A. Risk Factors in Part II of the 10-Q filing. While the provided excerpt does not detail the specific content of these sections, they are crucial for understanding potential liabilities, regulatory challenges, environmental concerns, litigation, and other factors that could materially impact AEP's financial results, operations, or strategic outlook.

The Exhibit 101 files, such as .INS (Instance Document), .SCH (Schema), .CAL (Cal Log), .DEF (Definition), .LAB (Labels), and .PRE (Presentation), relate to the eXtensible Business Reporting Language (XBRL) format. XBRL is a global standard for the electronic transmission of business and financial data, making it easier for investors and analysts to access, analyze, and compare financial information from different companies in a structured and machine-readable format.