Consolidated Statements of Cash Flows - USD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
| Operating Activites |
|
|
|
| Net Income (Loss) |
$ 2,212.6
|
$ 2,305.6
|
$ 2,488.1
|
| Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
| Depreciation and Amortization |
3,090.4
|
3,202.8
|
2,825.7
|
| Rockport Plant, Unit 2 Lease Amortization |
0.0
|
0.0
|
135.4
|
| Deferred Income Taxes |
185.1
|
(137.2)
|
107.6
|
| Asset Impairments and Other Related Charges |
85.6
|
48.8
|
11.6
|
| Equity Method Investment, Other than Temporary Impairment |
19.0
|
188.0
|
0.0
|
| Allowance for Equity Funds Used During Construction |
(174.9)
|
(133.7)
|
(139.7)
|
| Mark-to-Market of Risk Management Contracts |
8.8
|
15.5
|
112.3
|
| Amortization of Nuclear Fuel |
96.6
|
82.9
|
85.3
|
| Property Taxes |
(41.1)
|
(41.2)
|
(68.0)
|
| Deferred Fuel Over/Under-Recovery, Net |
892.8
|
(319.2)
|
(1,647.9)
|
| Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset |
0.0
|
(37.0)
|
0.0
|
| Gain (Loss) on Disposition Assets |
|
(116.3)
|
|
| Change in Regulatory Assets |
(315.8)
|
(46.7)
|
(238.9)
|
| Change in Other Noncurrent Assets |
(465.1)
|
(187.7)
|
(126.6)
|
| Change in Other Noncurrent Liabilities |
29.0
|
337.8
|
206.4
|
| Changes in Certain Components of Working Capital: |
|
|
|
| Accounts Receivable, Net |
236.5
|
(681.7)
|
(119.7)
|
| Fuel, Materials and Supplies |
(504.0)
|
(313.9)
|
300.2
|
| Accounts Payable |
(253.2)
|
489.2
|
200.6
|
| Accrued Taxes, Net |
22.5
|
105.4
|
218.7
|
| Rockport Plant, Unit 2 Operating Lease Payments |
0.0
|
0.0
|
(147.7)
|
| Other Current Assets |
(43.9)
|
109.0
|
(151.3)
|
| Other Current Liabilities |
(161.4)
|
54.3
|
(212.2)
|
| Net Cash Flows from Operating Activities |
5,012.2
|
5,288.0
|
3,839.9
|
| Investing Activities |
|
|
|
| Construction Expenditures |
(7,378.3)
|
(6,671.7)
|
(5,659.6)
|
| Purchases of Investment Securities |
(2,863.6)
|
(2,784.2)
|
(1,955.1)
|
| Sales of Investment Securities |
2,795.1
|
2,743.8
|
1,901.4
|
| Acquisitions of Nuclear Fuel |
(128.2)
|
(100.7)
|
(104.5)
|
| Acquisition |
1,341.4
|
218.0
|
(118.9)
|
| Other Investing Activities |
122.1
|
50.3
|
32.2
|
| Net Cash Flows Used for Investing Activities |
(6,266.7)
|
(7,751.8)
|
(6,433.9)
|
| Financing Activities |
|
|
|
| Issuance of Common Stock, Net |
999.6
|
826.5
|
600.5
|
| Issuance of Long-term Debt |
5,462.8
|
4,649.7
|
6,486.3
|
| Issuance of Short-term Debt with Original Maturities Greater Than 90 Days |
1,069.9
|
833.9
|
1,393.3
|
| Change in Short-term Debt with Original Maturities Less Than 90 Days, Net |
(1,223.1)
|
1,650.4
|
(487.3)
|
| Retirement of Long-term Debt |
(2,196.1)
|
(2,345.4)
|
(2,989.3)
|
| Redemption of Short-term Debt with Original Maturities Greater Than 90 Days |
(1,128.8)
|
(986.1)
|
(771.3)
|
| Principal Payments for Finance Lease Obligations |
(68.3)
|
(309.5)
|
(64.0)
|
| Dividends Paid on Common Stock - Nonaffiliated |
(1,760.4)
|
(1,645.2)
|
(1,519.5)
|
| Other Financing Activities |
(78.6)
|
(105.4)
|
(41.6)
|
| Net Cash Flows from Financing Activities |
1,077.0
|
2,568.9
|
2,607.1
|
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash |
(177.5)
|
105.1
|
13.1
|
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period |
556.5
|
451.4
|
438.3
|
| Cash and Cash Equivalents at Beginning of Period |
509.4
|
|
|
| Cash, Cash Equivalents and Restricted Cash at End of Period |
379.0
|
556.5
|
451.4
|
| Cash and Cash Equivalents at End of Period |
330.1
|
509.4
|
|
| Supplementary Information |
|
|
|
| Cash Paid for Interest, Net of Capitalized Amounts |
1,673.5
|
1,286.3
|
1,137.2
|
| Net Cash Paid (Received) for Income Taxes |
78.4
|
116.8
|
13.2
|
| Cash Received from the Sale of Transferable Tax Credits |
(102.0)
|
0.0
|
0.0
|
| Construction Expenditures Included in Current Liabilities as of December 31, |
842.4
|
1,258.9
|
1,180.4
|
| Acquisition of Nuclear Fuel Included in Current Liabilities as of December 31, |
24.2
|
0.0
|
0.0
|
| Kentucky Power Co [Member] |
|
|
|
| Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
| Asset Impairments and Other Related Charges |
0.0
|
363.3
|
0.0
|
| Mineral Rights |
|
|
|
| Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
| Gain (Loss) on Disposition Assets |
0.0
|
(116.3)
|
0.0
|
| Competitive Contracted Renewables |
|
|
|
| Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
| Gain (Loss) on Disposition Assets |
92.7
|
0.0
|
0.0
|
| Renewable Energy Facilities |
|
|
|
| Investing Activities |
|
|
|
| Acquisitions of Renewable Energy Facilities |
(155.2)
|
(1,207.3)
|
(767.2)
|
| AEP Texas Inc. [Member] |
|
|
|
| Operating Activites |
|
|
|
| Net Income (Loss) |
370.4
|
307.9
|
289.8
|
| Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
| Depreciation and Amortization |
468.5
|
452.4
|
387.0
|
| Deferred Income Taxes |
64.1
|
42.2
|
43.0
|
| Allowance for Equity Funds Used During Construction |
(28.4)
|
(19.7)
|
(21.5)
|
| Mark-to-Market of Risk Management Contracts |
0.4
|
(0.4)
|
0.0
|
| Change in Other Noncurrent Assets |
(96.5)
|
(36.2)
|
(78.2)
|
| Change in Other Noncurrent Liabilities |
24.3
|
57.6
|
26.4
|
| Changes in Certain Components of Working Capital: |
|
|
|
| Accounts Receivable, Net |
(28.3)
|
(45.0)
|
(21.6)
|
| Fuel, Materials and Supplies |
(51.6)
|
(64.9)
|
(3.9)
|
| Accounts Payable |
(24.1)
|
25.0
|
8.9
|
| Accrued Taxes, Net |
11.8
|
14.8
|
7.0
|
| Other Current Assets |
3.0
|
2.2
|
(0.9)
|
| Other Current Liabilities |
(53.9)
|
(4.0)
|
(39.4)
|
| Net Cash Flows from Operating Activities |
659.7
|
731.9
|
596.6
|
| Investing Activities |
|
|
|
| Construction Expenditures |
(1,477.1)
|
(1,305.0)
|
(1,033.3)
|
| Change in Advances to Affiliates, Net |
(0.2)
|
0.0
|
0.2
|
| Other Investing Activities |
69.3
|
35.1
|
32.3
|
| Net Cash Flows Used for Investing Activities |
(1,408.0)
|
(1,269.9)
|
(1,000.8)
|
| Financing Activities |
|
|
|
| Capital Contributions from Member |
527.0
|
4.3
|
96.0
|
| Return of Capital to Parent Cash Flows |
(5.6)
|
0.0
|
0.0
|
| Issuance of Long-term Debt |
505.4
|
1,188.6
|
444.2
|
| Change in Advances from Affiliates, Net |
7.2
|
69.6
|
(40.2)
|
| Retirement of Long-term Debt |
(278.5)
|
(716.0)
|
(88.7)
|
| Principal Payments for Finance Lease Obligations |
(7.4)
|
(6.8)
|
(6.7)
|
| Other Financing Activities |
1.5
|
0.6
|
1.3
|
| Net Cash Flows from Financing Activities |
749.6
|
540.3
|
405.9
|
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash |
1.3
|
2.3
|
1.7
|
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period |
32.8
|
30.5
|
28.8
|
| Cash and Cash Equivalents at Beginning of Period |
0.1
|
|
|
| Cash, Cash Equivalents and Restricted Cash at End of Period |
34.1
|
32.8
|
30.5
|
| Cash and Cash Equivalents at End of Period |
0.1
|
0.1
|
|
| Supplementary Information |
|
|
|
| Cash Paid for Interest, Net of Capitalized Amounts |
225.6
|
198.9
|
168.9
|
| Net Cash Paid (Received) for Income Taxes |
11.5
|
11.0
|
5.7
|
| Noncash Acquisitions Under Finance Leases |
4.8
|
6.1
|
4.4
|
| Construction Expenditures Included in Current Liabilities as of December 31, |
112.2
|
235.4
|
230.0
|
| AEP Transmission Co [Member] |
|
|
|
| Operating Activites |
|
|
|
| Net Income (Loss) |
614.2
|
594.2
|
591.7
|
| Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
| Depreciation and Amortization |
393.8
|
346.2
|
297.3
|
| Deferred Income Taxes |
44.1
|
62.3
|
68.5
|
| Allowance for Equity Funds Used During Construction |
(83.2)
|
(70.7)
|
(67.2)
|
| Property Taxes |
(19.8)
|
(20.9)
|
(25.6)
|
| Change in Other Noncurrent Assets |
8.6
|
(7.4)
|
7.5
|
| Change in Other Noncurrent Liabilities |
134.2
|
68.7
|
3.7
|
| Changes in Certain Components of Working Capital: |
|
|
|
| Accounts Receivable, Net |
(41.3)
|
(46.3)
|
(16.0)
|
| Fuel, Materials and Supplies |
10.7
|
(1.4)
|
(0.8)
|
| Accounts Payable |
22.8
|
18.5
|
(2.2)
|
| Accrued Taxes, Net |
42.9
|
50.2
|
67.2
|
| Accrued Interest |
10.8
|
0.0
|
4.8
|
| Other Current Assets |
(0.1)
|
(1.1)
|
1.2
|
| Other Current Liabilities |
(0.1)
|
3.0
|
(4.4)
|
| Net Cash Flows from Operating Activities |
1,137.6
|
995.3
|
925.7
|
| Investing Activities |
|
|
|
| Construction Expenditures |
(1,496.2)
|
(1,458.5)
|
(1,424.8)
|
| Change in Advances to Affiliates, Net |
(62.7)
|
22.8
|
81.9
|
| Acquisitions of Renewable Energy Facilities |
(6.9)
|
(9.8)
|
(17.9)
|
| Other Investing Activities |
8.1
|
6.3
|
1.8
|
| Net Cash Flows Used for Investing Activities |
(1,557.7)
|
(1,439.2)
|
(1,359.0)
|
| Financing Activities |
|
|
|
| Capital Contributions from Member |
29.7
|
72.7
|
184.0
|
| Return of Capital to Parent Cash Flows |
(8.6)
|
0.0
|
0.0
|
| Issuance of Long-term Debt |
689.0
|
540.8
|
443.7
|
| Change in Advances from Affiliates, Net |
(55.0)
|
104.4
|
(31.9)
|
| Retirement of Long-term Debt |
(60.0)
|
(104.0)
|
(50.0)
|
| Principal Payments for Finance Lease Obligations |
0.0
|
0.0
|
|
| Dividends Paid on Common Stock |
(175.0)
|
(170.0)
|
(112.5)
|
| Net Cash Flows from Financing Activities |
420.1
|
443.9
|
433.3
|
| Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect |
0.0
|
0.0
|
0.0
|
| Cash and Cash Equivalents at Beginning of Period |
0.0
|
0.0
|
0.0
|
| Cash and Cash Equivalents at End of Period |
0.0
|
0.0
|
0.0
|
| Supplementary Information |
|
|
|
| Cash Paid for Interest, Net of Capitalized Amounts |
179.9
|
158.8
|
132.9
|
| Net Cash Paid (Received) for Income Taxes |
87.6
|
95.5
|
65.7
|
| Construction Expenditures Included in Current Liabilities as of December 31, |
177.6
|
320.7
|
358.7
|
| Appalachian Power Co [Member] |
|
|
|
| Operating Activites |
|
|
|
| Net Income (Loss) |
294.4
|
394.2
|
348.9
|
| Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
| Depreciation and Amortization |
571.9
|
575.9
|
546.2
|
| Deferred Income Taxes |
(54.3)
|
79.6
|
15.0
|
| Asset Impairments and Other Related Charges |
0.0
|
24.9
|
0.0
|
| Allowance for Equity Funds Used During Construction |
(11.9)
|
(11.7)
|
(15.6)
|
| Mark-to-Market of Risk Management Contracts |
65.6
|
(24.4)
|
(22.3)
|
| Deferred Fuel Over/Under-Recovery, Net |
279.7
|
(501.8)
|
(196.0)
|
| Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset |
0.0
|
(37.0)
|
0.0
|
| Change in Other Noncurrent Assets |
(115.3)
|
(75.2)
|
(68.8)
|
| Change in Other Noncurrent Liabilities |
(1.9)
|
31.4
|
35.6
|
| Changes in Certain Components of Working Capital: |
|
|
|
| Accounts Receivable, Net |
17.5
|
(8.5)
|
(53.3)
|
| Fuel, Materials and Supplies |
(173.9)
|
(113.5)
|
116.1
|
| Increase (Decrease) in Margin Deposits Outstanding |
(16.1)
|
64.4
|
(70.0)
|
| Accounts Payable |
(125.9)
|
190.1
|
36.8
|
| Accrued Taxes, Net |
25.2
|
6.7
|
(16.2)
|
| Other Current Assets |
0.4
|
0.2
|
(2.4)
|
| Other Current Liabilities |
(32.3)
|
5.9
|
(42.3)
|
| Net Cash Flows from Operating Activities |
723.1
|
601.2
|
611.7
|
| Investing Activities |
|
|
|
| Construction Expenditures |
(1,053.0)
|
(1,048.6)
|
(841.6)
|
| Change in Advances to Affiliates, Net |
0.9
|
1.0
|
0.6
|
| Other Investing Activities |
(2.8)
|
42.4
|
14.5
|
| Net Cash Flows Used for Investing Activities |
(1,054.9)
|
(1,005.2)
|
(826.5)
|
| Financing Activities |
|
|
|
| Capital Contributions from Member |
6.5
|
0.0
|
0.0
|
| Return of Capital to Parent Cash Flows |
(0.7)
|
0.0
|
0.0
|
| Issuance of Long-term Debt |
200.0
|
698.0
|
494.0
|
| Change in Advances from Affiliates, Net |
157.4
|
(17.1)
|
180.7
|
| Retirement of Long-term Debt |
(26.6)
|
(230.4)
|
(393.0)
|
| Principal Payments for Finance Lease Obligations |
(8.3)
|
(7.9)
|
(7.7)
|
| Dividends Paid on Common Stock |
0.0
|
(37.5)
|
(62.5)
|
| Other Financing Activities |
1.5
|
0.7
|
0.7
|
| Net Cash Flows from Financing Activities |
329.8
|
405.8
|
212.2
|
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash |
(2.0)
|
1.8
|
(2.6)
|
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period |
21.9
|
20.1
|
22.7
|
| Cash and Cash Equivalents at Beginning of Period |
7.5
|
|
|
| Cash, Cash Equivalents and Restricted Cash at End of Period |
19.9
|
21.9
|
20.1
|
| Cash and Cash Equivalents at End of Period |
5.0
|
7.5
|
|
| Supplementary Information |
|
|
|
| Cash Paid for Interest, Net of Capitalized Amounts |
259.7
|
215.1
|
207.5
|
| Net Cash Paid (Received) for Income Taxes |
47.4
|
(88.6)
|
32.8
|
| Noncash Acquisitions Under Finance Leases |
5.0
|
1.6
|
1.7
|
| Construction Expenditures Included in Current Liabilities as of December 31, |
100.7
|
164.6
|
139.1
|
| Indiana Michigan Power Co [Member] |
|
|
|
| Operating Activites |
|
|
|
| Net Income (Loss) |
335.9
|
324.7
|
279.8
|
| Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
| Depreciation and Amortization |
470.0
|
527.2
|
446.0
|
| Rockport Plant, Unit 2 Operating Lease Amortization |
0.0
|
0.0
|
62.4
|
| Deferred Income Taxes |
(54.1)
|
(45.1)
|
(38.0)
|
| Amortization (Deferral) of Incremental Nuclear Refueling Outage Expenses, Net |
25.6
|
(49.2)
|
7.5
|
| Allowance for Equity Funds Used During Construction |
(10.9)
|
(9.8)
|
(12.8)
|
| Mark-to-Market of Risk Management Contracts |
(22.2)
|
(16.9)
|
5.2
|
| Amortization of Nuclear Fuel |
96.6
|
82.9
|
85.3
|
| Deferred Fuel Over/Under-Recovery, Net |
55.5
|
(42.2)
|
(20.2)
|
| Change in Other Noncurrent Assets |
(80.3)
|
(47.3)
|
(54.1)
|
| Change in Other Noncurrent Liabilities |
47.6
|
62.4
|
7.5
|
| Changes in Certain Components of Working Capital: |
|
|
|
| Accounts Receivable, Net |
71.4
|
(82.7)
|
(22.3)
|
| Fuel, Materials and Supplies |
(61.4)
|
(2.6)
|
30.1
|
| Accounts Payable |
22.5
|
37.3
|
42.3
|
| Accrued Taxes, Net |
1.5
|
9.4
|
1.6
|
| Rockport Plant, Unit 2 Operating Lease Payments |
0.0
|
0.0
|
(73.9)
|
| Other Current Assets |
(6.2)
|
19.5
|
(15.2)
|
| Other Current Liabilities |
(11.6)
|
(46.9)
|
2.5
|
| Net Cash Flows from Operating Activities |
879.9
|
720.7
|
733.7
|
| Investing Activities |
|
|
|
| Construction Expenditures |
(550.3)
|
(557.8)
|
(500.9)
|
| Change in Advances to Affiliates, Net |
23.0
|
(1.5)
|
(8.2)
|
| Purchases of Investment Securities |
(2,845.1)
|
(2,765.4)
|
(1,928.2)
|
| Sales of Investment Securities |
2,787.5
|
2,713.6
|
1,886.4
|
| Acquisitions of Nuclear Fuel |
(128.2)
|
(100.7)
|
(104.5)
|
| Other Investing Activities |
6.1
|
10.3
|
22.3
|
| Net Cash Flows Used for Investing Activities |
(707.0)
|
(701.5)
|
(633.1)
|
| Financing Activities |
|
|
|
| Capital Contributions from Member |
8.8
|
7.9
|
0.0
|
| Issuance of Long-term Debt |
565.3
|
142.7
|
546.7
|
| Change in Advances from Affiliates, Net |
(186.6)
|
156.6
|
(9.7)
|
| Retirement of Long-term Debt |
(343.3)
|
(83.4)
|
(383.5)
|
| Principal Payments for Finance Lease Obligations |
(7.4)
|
(130.7)
|
(6.8)
|
| Dividends Paid on Common Stock |
(212.5)
|
(110.0)
|
(250.0)
|
| Other Financing Activities |
0.7
|
0.6
|
0.7
|
| Net Cash Flows from Financing Activities |
(175.0)
|
(16.3)
|
(102.6)
|
| Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect |
(2.1)
|
2.9
|
(2.0)
|
| Cash and Cash Equivalents at Beginning of Period |
4.2
|
1.3
|
3.3
|
| Cash and Cash Equivalents at End of Period |
2.1
|
4.2
|
1.3
|
| Supplementary Information |
|
|
|
| Cash Paid for Interest, Net of Capitalized Amounts |
131.6
|
120.9
|
110.9
|
| Net Cash Paid (Received) for Income Taxes |
109.0
|
10.1
|
29.3
|
| Noncash Acquisitions Under Finance Leases |
4.8
|
2.2
|
132.3
|
| Construction Expenditures Included in Current Liabilities as of December 31, |
67.8
|
71.9
|
87.8
|
| Acquisition of Nuclear Fuel Included in Current Liabilities as of December 31, |
24.2
|
0.0
|
0.0
|
| Ohio Power Co [Member] |
|
|
|
| Operating Activites |
|
|
|
| Net Income (Loss) |
328.2
|
287.8
|
253.6
|
| Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
| Depreciation and Amortization |
316.2
|
294.3
|
303.3
|
| Deferred Income Taxes |
7.9
|
71.5
|
30.7
|
| Allowance for Equity Funds Used During Construction |
(17.1)
|
(13.9)
|
(10.8)
|
| Mark-to-Market of Risk Management Contracts |
11.0
|
(52.8)
|
(17.8)
|
| Property Taxes |
(11.5)
|
(20.0)
|
(35.3)
|
| Change in Regulatory Assets |
(90.9)
|
30.4
|
38.3
|
| Change in Other Noncurrent Assets |
(137.5)
|
(87.1)
|
(40.7)
|
| Change in Other Noncurrent Liabilities |
(0.4)
|
91.1
|
6.9
|
| Changes in Certain Components of Working Capital: |
|
|
|
| Accounts Receivable, Net |
72.8
|
(83.7)
|
(11.8)
|
| Fuel, Materials and Supplies |
(6.9)
|
(23.4)
|
(2.5)
|
| Accounts Payable |
23.6
|
112.7
|
19.1
|
| Accrued Taxes, Net |
27.5
|
27.8
|
78.2
|
| Other Current Assets |
0.4
|
11.2
|
(15.7)
|
| Other Current Liabilities |
(61.0)
|
40.2
|
(19.9)
|
| Net Cash Flows from Operating Activities |
462.3
|
686.1
|
575.6
|
| Investing Activities |
|
|
|
| Construction Expenditures |
(990.4)
|
(872.4)
|
(732.8)
|
| Change in Advances to Affiliates, Net |
0.0
|
42.0
|
(42.0)
|
| Other Investing Activities |
41.0
|
27.9
|
21.5
|
| Net Cash Flows Used for Investing Activities |
(949.4)
|
(802.5)
|
(753.3)
|
| Financing Activities |
|
|
|
| Capital Contributions from Member |
175.0
|
1.0
|
0.0
|
| Return of Capital to Parent Cash Flows |
0.0
|
(2.0)
|
0.0
|
| Issuance of Long-term Debt |
395.0
|
0.0
|
1,037.1
|
| Change in Advances from Affiliates, Net |
(62.4)
|
172.9
|
(259.2)
|
| Retirement of Long-term Debt |
(0.6)
|
(0.1)
|
(500.1)
|
| Principal Payments for Finance Lease Obligations |
(5.0)
|
(4.9)
|
(4.9)
|
| Dividends Paid on Common Stock |
(20.0)
|
(45.0)
|
(100.0)
|
| Other Financing Activities |
1.9
|
1.1
|
0.4
|
| Net Cash Flows from Financing Activities |
483.9
|
123.0
|
173.3
|
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash |
(3.2)
|
6.6
|
(4.4)
|
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period |
9.6
|
3.0
|
7.4
|
| Cash and Cash Equivalents at Beginning of Period |
9.6
|
|
|
| Cash, Cash Equivalents and Restricted Cash at End of Period |
6.4
|
9.6
|
3.0
|
| Cash and Cash Equivalents at End of Period |
6.4
|
9.6
|
|
| Supplementary Information |
|
|
|
| Cash Paid for Interest, Net of Capitalized Amounts |
124.1
|
113.4
|
119.5
|
| Net Cash Paid (Received) for Income Taxes |
38.9
|
(19.7)
|
(7.9)
|
| Noncash Acquisitions Under Finance Leases |
4.1
|
3.0
|
2.5
|
| Construction Expenditures Included in Current Liabilities as of December 31, |
97.7
|
109.7
|
97.1
|
| Public Service Co Of Oklahoma [Member] |
|
|
|
| Operating Activites |
|
|
|
| Net Income (Loss) |
208.8
|
167.6
|
141.1
|
| Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
| Depreciation and Amortization |
255.5
|
230.1
|
196.6
|
| Deferred Income Taxes |
7.9
|
(59.4)
|
113.9
|
| Allowance for Equity Funds Used During Construction |
(8.4)
|
(1.5)
|
(2.4)
|
| Mark-to-Market of Risk Management Contracts |
33.0
|
(13.7)
|
1.9
|
| Deferred Fuel Over/Under-Recovery, Net |
313.2
|
442.4
|
(843.8)
|
| Change in Other Regulatory Assets |
(108.3)
|
4.7
|
(3.5)
|
| Change in Other Noncurrent Assets |
(71.3)
|
(40.1)
|
(14.8)
|
| Change in Other Noncurrent Liabilities |
8.2
|
29.9
|
4.4
|
| Changes in Certain Components of Working Capital: |
|
|
|
| Accounts Receivable, Net |
(16.3)
|
(46.0)
|
(28.7)
|
| Fuel, Materials and Supplies |
(16.8)
|
(51.1)
|
1.4
|
| Accounts Payable |
(58.2)
|
57.5
|
34.2
|
| Accrued Taxes, Net |
(12.9)
|
3.2
|
(6.5)
|
| Other Current Assets |
10.7
|
(6.3)
|
(6.3)
|
| Other Current Liabilities |
45.4
|
30.4
|
(20.8)
|
| Net Cash Flows from Operating Activities |
590.5
|
747.7
|
(433.3)
|
| Investing Activities |
|
|
|
| Construction Expenditures |
(562.3)
|
(447.0)
|
(332.1)
|
| Other Investing Activities |
15.2
|
4.3
|
2.4
|
| Net Cash Flows Used for Investing Activities |
(692.8)
|
(992.0)
|
(626.7)
|
| Financing Activities |
|
|
|
| Capital Contributions from Member |
0.6
|
3.6
|
625.0
|
| Return of Capital to Parent Cash Flows |
(3.9)
|
0.0
|
0.0
|
| Issuance of Long-term Debt |
469.8
|
499.7
|
1,290.0
|
| Change in Advances from Affiliates, Net |
(309.8)
|
291.9
|
(83.1)
|
| Retirement of Long-term Debt |
(0.5)
|
(500.5)
|
(750.5)
|
| Principal Payments for Finance Lease Obligations |
(3.3)
|
(3.2)
|
(3.2)
|
| Dividends Paid on Common Stock |
(52.5)
|
(45.0)
|
(20.0)
|
| Other Financing Activities |
0.4
|
0.5
|
0.5
|
| Net Cash Flows from Financing Activities |
100.8
|
247.0
|
1,058.7
|
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash |
(1.5)
|
2.7
|
(1.3)
|
| Cash and Cash Equivalents at Beginning of Period |
4.0
|
1.3
|
2.6
|
| Cash and Cash Equivalents at End of Period |
2.5
|
4.0
|
1.3
|
| Supplementary Information |
|
|
|
| Cash Paid for Interest, Net of Capitalized Amounts |
87.3
|
79.7
|
57.0
|
| Net Cash Paid (Received) for Income Taxes |
(10.6)
|
(12.5)
|
(102.9)
|
| Cash Received from the Sale of Transferable Tax Credits |
(34.6)
|
0.0
|
0.0
|
| Noncash Acquisitions Under Finance Leases |
2.1
|
2.8
|
3.6
|
| Construction Expenditures Included in Current Liabilities as of December 31, |
72.9
|
69.8
|
56.8
|
| Public Service Co Of Oklahoma [Member] | Renewable Energy Facilities |
|
|
|
| Investing Activities |
|
|
|
| Acquisitions of Renewable Energy Facilities |
(145.7)
|
(549.3)
|
(297.0)
|
| Southwestern Electric Power Co [Member] |
|
|
|
| Operating Activites |
|
|
|
| Net Income (Loss) |
223.8
|
294.3
|
242.1
|
| Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
| Depreciation and Amortization |
342.8
|
324.8
|
295.0
|
| Deferred Income Taxes |
54.0
|
9.4
|
16.6
|
| Asset Impairments and Other Related Charges |
85.6
|
0.0
|
11.6
|
| Allowance for Equity Funds Used During Construction |
(11.5)
|
(4.9)
|
(7.0)
|
| Mark-to-Market of Risk Management Contracts |
19.1
|
(6.2)
|
(7.3)
|
| Deferred Fuel Over/Under-Recovery, Net |
184.3
|
(86.4)
|
(546.4)
|
| Change in Regulatory Assets |
(60.8)
|
7.6
|
(95.6)
|
| Change in Other Noncurrent Assets |
(40.5)
|
42.9
|
41.9
|
| Change in Other Noncurrent Liabilities |
11.0
|
18.3
|
(1.1)
|
| Changes in Certain Components of Working Capital: |
|
|
|
| Accounts Receivable, Net |
20.1
|
(28.2)
|
(21.5)
|
| Fuel, Materials and Supplies |
(31.4)
|
(9.3)
|
126.5
|
| Accounts Payable |
(8.4)
|
34.1
|
22.0
|
| Accrued Taxes, Net |
(4.5)
|
9.8
|
15.4
|
| Other Current Assets |
20.2
|
(9.8)
|
(3.6)
|
| Other Current Liabilities |
(0.8)
|
(9.8)
|
8.2
|
| Net Cash Flows from Operating Activities |
803.0
|
586.6
|
96.8
|
| Investing Activities |
|
|
|
| Construction Expenditures |
(780.5)
|
(586.4)
|
(414.6)
|
| Change in Advances to Affiliates, Net |
(0.1)
|
153.8
|
(153.8)
|
| Other Investing Activities |
3.9
|
5.5
|
3.5
|
| Net Cash Flows Used for Investing Activities |
(776.7)
|
(1,085.1)
|
(920.7)
|
| Financing Activities |
|
|
|
| Capital Contributions from Member |
50.0
|
350.0
|
280.0
|
| Issuance of Long-term Debt |
346.8
|
0.0
|
1,137.6
|
| Change in Short-term Debt with Original Maturities Less Than 90 Days, Net |
4.3
|
0.0
|
(35.0)
|
| Change in Advances from Affiliates, Net |
(222.0)
|
310.7
|
(124.6)
|
| Retirement of Long-term Debt |
(94.1)
|
(6.2)
|
(381.2)
|
| Principal Payments for Finance Lease Obligations |
(19.1)
|
(10.8)
|
(10.9)
|
| Dividends Paid on Common Stock |
(175.0)
|
(105.0)
|
0.0
|
| Dividends Paid on Common Stock - Nonaffiliated |
(4.0)
|
(3.4)
|
(4.8)
|
| Other Financing Activities |
0.8
|
0.4
|
0.8
|
| Net Cash Flows from Financing Activities |
(112.3)
|
535.7
|
861.9
|
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash |
(86.0)
|
37.2
|
38.0
|
| Cash and Cash Equivalents at Beginning of Period |
88.4
|
51.2
|
13.2
|
| Cash and Cash Equivalents at End of Period |
2.4
|
88.4
|
51.2
|
| Supplementary Information |
|
|
|
| Cash Paid for Interest, Net of Capitalized Amounts |
128.9
|
131.2
|
116.5
|
| Net Cash Paid (Received) for Income Taxes |
(41.0)
|
(29.1)
|
(28.8)
|
| Cash Received from the Sale of Transferable Tax Credits |
(41.4)
|
0.0
|
0.0
|
| Noncash Acquisitions Under Finance Leases |
7.1
|
3.6
|
4.8
|
| Construction Expenditures Included in Current Liabilities as of December 31, |
63.7
|
105.6
|
69.0
|
| Southwestern Electric Power Co [Member] | North Central Wind Energy Facilities |
|
|
|
| Investing Activities |
|
|
|
| Acquisitions of Renewable Energy Facilities |
$ 0.0
|
$ (658.0)
|
$ (355.8)
|