Discontinued — last reported Q4 '19

Other

Tax receivable within other current assets

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.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ4 2016
Last reportedQ4 2019

How to read this metric

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.

Detailed definition

This represents the amount of income tax overpayments or credits due to the company from tax authorities that are expect...

Peer comparison

Common across all capital-intensive industries; peers typically report this within current assets or as a component of other receivables.

Metric ID: other_income_taxes_receivable

Historical Data

8 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q3 '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%
Range$67.50M$226.60M
CAGR-9.2%
Avg YoY Growth-23.5%
Median YoY Growth-25.8%

Frequently Asked Questions

What is American Electric Power's tax receivable within other current assets?
American Electric Power (AEP) reported tax receivable within other current assets of $160.30M in Q3 2023.
How has American Electric Power's tax receivable within other current assets changed year-over-year?
American Electric Power's tax receivable within other current assets increased by 6.3% year-over-year, from $150.80M to $160.30M.
What is the long-term trend for American Electric Power's tax receivable within other current assets?
Over 2 years (2020 to 2022), American Electric Power's tax receivable within other current assets has grown at a -26.8% compound annual growth rate (CAGR), from $185.30M to $99.40M.
What does tax receivable within other current assets mean?
Income tax refunds or credits owed to the company by tax authorities.