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American Electric Power AEP Vertically Integrated Utilities — Equity Method Investment

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Other financials

Income statement

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Revenue$6.0B+10.2%
Gross profit$3.9B+8.1%
Operating income$1.4B+5.9%
Net income$903.0M+12.6%
EPS (diluted)$1.60+6.7%

Balance sheet

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Cash & equivalents$339.0M+16.1%
Total debt$49.7B
Total equity$31.8B+16.2%
Total assets$117.78B

Cash flow

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Operating cash flow$1.5B+4.8%
CapEx$965.0M
Free cash flow$554.0M-61.8%

Valuation

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Market cap$69.48B+22.1%
Enterprise value$118.86B
P/E21.9×+1.4×
P/S3.1×-0.1×

Profitability

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Operating margin19.2%-1.0pp
Net margin13.1%-1.5pp
FCF margin19.4%

Returns & leverage

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Return on equity10.6%-0.6pp
Debt / equity1.6×
Current ratio0.5×

Where this comes from

Reported directly by American Electric Power in its filing.

Tagged under the XBRL concept us-gaap:EquityMethodInvestments.

The official record: American Electric Power’s 10-K, filed February 24, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Electric Power's vertically integrated utilities — equity method investment?
American Electric Power (AEP) reported vertically integrated utilities — equity method investment of $33.5M in Q4 2021.
What does vertically integrated utilities — equity method investment mean?
The total book value of the segment's investments in companies it does not fully control.
How do you interpret vertically integrated utilities — equity method investment?
An increase indicates ongoing investment in strategic partnerships, while a decrease may signal divestment or impairment of those interests.
How does vertically integrated utilities — equity method investment compare across companies?
Common in utility sectors where large-scale projects are often co-developed with other utilities or private equity partners.