American Electric Power Company, Inc. (AEP)
NASDAQ: AEP · Real-Time Price · USD
128.20
-2.10 (-1.61%)
At close: Oct 28, 2026, 4:00 PM EDT
131.23
+3.03 (2.36%)
After-hours: Oct 28, 2026, 7:52 PM EDT
AEP Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 3,356 | 3,580 | 2,967 | 2,208 | 2,307 | 2,488 |
Depreciation & Amortization | 3,709 | 3,434 | 3,252 | 3,024 | 3,156 | 2,938 |
Other Amortization | 9 | 9 | 50 | 71 | 36.7 | 44.4 |
Loss (Gain) on Sale of Assets | 46 | 46 | 91 | 185 | 340.3 | 64.2 |
Loss (Gain) on Sale of Investments | - | - | - | - | 188 | - |
Asset Writedown | 97 | 66 | 143 | 86 | 48.8 | 11.6 |
Change in Accounts Receivable | -562 | -246 | -156 | 236 | -681.7 | -119.7 |
Change in Inventory | -197.4 | 115 | 172 | -504 | -313.9 | 300.2 |
Change in Accounts Payable | 527.6 | 252 | 85 | -253 | 489.2 | 200.6 |
Change in Income Taxes | -179.3 | 32 | 240 | 22 | 105.4 | 218.7 |
Change in Other Net Operating Assets | 382.9 | 188 | 169 | -206 | 163.3 | -511.2 |
Other Operating Activities | 391.1 | -532 | -209 | 143 | -551 | -1,795 |
Operating Cash Flow | 7,580 | 6,944 | 6,804 | 5,012 | 5,288 | 3,840 |
Operating Cash Flow Growth | 10.54% | 2.06% | 35.75% | -5.22% | 37.71% | 0.18% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -15,749 | -11,906 | -8,030 | -7,533 | -7,879 | -6,427 |
Sale of Property, Plant & Equipment | 12.4 | 25 | 362 | 1,341 | 218 | 118.9 |
Investment in Securities | 2,443 | - | 114 | - | - | - |
Nuclear Fuel Expenditures | -138.7 | -130 | -140 | -128 | -100.7 | -104.5 |
Contributions to Nuclear Demissioning Trust | -3,104 | -2,981 | -2,923 | -2,864 | -2,784 | -1,955 |
Other Investing Activities | 1,175 | 3,053 | 3,021 | 2,917 | 2,794 | 1,934 |
Investing Cash Flow | -15,361 | -11,939 | -7,596 | -6,267 | -7,752 | -6,434 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 320 | 724 | 1,070 | 2,484 | 1,393 |
Long-Term Debt Issued | - | 8,261 | 5,117 | 5,463 | 4,650 | 6,486 |
Total Debt Issued | 9,405 | 8,581 | 5,841 | 6,533 | 7,134 | 7,880 |
Short-Term Debt Repaid | - | -1,336 | -1,030 | -2,352 | -986.1 | -1,259 |
Long-Term Debt Repaid | - | -3,700 | -2,750 | -2,264 | -2,655 | -3,053 |
Total Debt Repaid | -2,368 | -5,036 | -3,780 | -4,616 | -3,641 | -4,312 |
Net Debt Issued (Repaid) | 7,038 | 3,545 | 2,061 | 1,917 | 3,493 | 3,568 |
Issuance of Common Stock | 1,004 | 775 | 552 | 1,000 | 826.5 | 600.5 |
Common Dividends Paid | -2,068 | -2,008 | -1,898 | -1,752 | -1,629 | -1,508 |
Other Financing Activities | 1,207 | 2,705 | -56 | -88 | -121.9 | -53.4 |
Financing Cash Flow | 7,181 | 5,017 | 659 | 1,077 | 2,569 | 2,607 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -600.2 | 22 | -133 | -178 | 105.1 | 13.1 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -8,307 | -5,092 | -1,366 | -2,649 | -2,692 | -2,691 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -35.18% | -23.28% | -6.93% | -13.96% | -13.71% | -16.03% |
Free Cash Flow Per Share | -15.18 | -9.47 | -2.57 | -5.09 | -5.24 | -5.36 |
Levered Free Cash Flow | -7,755 | -5,140 | -2,011 | -3,055 | -2,812 | -3,257 |
Unlevered Free Cash Flow | -6,332 | -3,874 | -846.18 | -1,926 | -1,939 | -2,507 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 579.1 | 1,894 | 1,838 | 1,674 | 1,286 | 1,137 |
Cash Income Tax Paid | - | -84 | -69 | -24 | 116.8 | 13.2 |
Change in Working Capital | -28.2 | 341 | 510 | -705 | -237.7 | 88.6 |