Discontinued — last reported Q4 '19
American Electric Power Tax receivable within other current assets increased by 61.3% to $160.30M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 6.3%, from $150.80M to $160.30M. Over 2 years (FY 2020 to FY 2022), Tax receivable within other current assets shows a downward trend with a -26.8% CAGR.
An increase may indicate overpayment of estimated taxes or the realization of tax credits, while a decrease suggests the collection of these receivables or a shift in tax liability status.
This represents the amount of income tax overpayments or credits due to the company from tax authorities that are expect...
Common across all capital-intensive industries; peers typically report this within current assets or as a component of other receivables.
other_income_taxes_receivable| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $189.80M | $226.60M | $121.50M | $67.50M | $97.60M | $150.80M | $99.40M | $160.30M |
| QoQ Change | — | +19.4% | -46.4% | -44.4% | +44.6% | +54.5% | -34.1% | +61.3% |
| YoY Change | — | — | — | — | -48.6% | -33.5% | -18.2% | +6.3% |