American Electric Power |
Financial
Results for 3rd Quarter 2004 Actual vs 3rd Quarter 2003 Actual |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2003 Actual |
|
2004 Actual |
|
|
|
|
|
($ millions) |
|
EPS |
|
($ millions) |
|
EPS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UTILITY OPERATIONS: |
|
|
|
|
|
|
|
|
|
|
Gross Margin: |
|
|
|
|
|
|
|
|
1 |
|
|
Regulated Integrated Utilities |
800 |
|
|
|
815 |
|
|
|
2 |
|
|
Ohio Cos. |
545 |
|
|
|
516 |
|
|
|
3 |
|
|
Texas Wires |
177 |
|
|
|
128 |
|
|
|
4 |
|
|
Texas Supply / REP |
99 |
|
|
|
89 |
|
|
|
5 |
|
|
Off-System Sales |
157 |
|
|
|
131 |
|
|
|
6 |
|
|
Other Wholesale Transactions |
1 |
|
|
|
- |
|
|
|
7 |
|
|
Transmission Revenue - 3rd Party |
121 |
|
|
|
125 |
|
|
|
8 |
|
|
Other Operating Revenue |
91 |
|
|
|
88 |
|
|
|
9 |
|
|
Total Gross Margin |
1,991 |
|
|
|
1,892 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 |
|
|
Operations & Maintenance |
(717) |
|
|
|
(720) |
|
|
|
11 |
|
|
Depreciation & Amortization |
(317) |
|
|
|
(322) |
|
|
|
12 |
|
|
Taxes Other than Income Taxes |
(182) |
|
|
|
(175) |
|
|
|
13 |
|
|
Interest Exp & Preferred Dividend |
(168) |
|
|
|
(151) |
|
|
|
14 |
|
|
Other Income & Deductions |
- |
|
|
|
7 |
|
|
|
15 |
|
|
Income Taxes |
(213) |
|
|
|
(172) |
|
|
|
16 |
|
|
Net Earnings
Utility Operations |
394 |
|
1.00 |
|
359 |
|
0.91 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVESTMENTS: |
|
|
|
|
|
|
|
|
17 |
|
|
AEPES, inclds Gas HoldCo (HPL) |
(21) |
|
|
|
(28) |
|
|
|
18 |
|
|
MEMCO |
3 |
|
|
|
1 |
|
|
|
19 |
|
|
IPPs and Wind Farms |
4 |
|
|
|
1 |
|
|
|
20 |
|
|
AEP Resources - Other |
(5) |
|
|
|
(5) |
|
|
|
21 |
|
|
Other |
(2) |
|
|
|
(1) |
|
|
|
22 |
|
|
Total
Investments |
(21) |
|
(0.06) |
|
(32) |
|
(0.08) |
|
|
|
|
|
|
|
|
|
|
|
|
|
23 |
|
|
Parent Company |
(21) |
|
(0.05) |
|
(9) |
|
(0.03) |
|
|
|
|
|
|
|
|
|
|
|
|
|
24 |
|
|
ON-GOING
EARNINGS |
352 |
|
0.89 |
|
318 |
|
0.80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Note: |
For analysis purposes, certain financial
statement amounts have been reclassified for this effect on earnings
presentation. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|