American Electric Power Company (AEP) Balance Sheet: Assets & Liabilities

American Electric Power Company (AEP) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), American Electric Power Company reported total assets of $114.46B and total liabilities of $82.24B. Shareholders' equity was $32.22B, up 19.4% from $26.99B a year earlier. Total debt stood at $45.64B against $488.00M in cash and short-term investments, a net debt position of $45.15B. That puts debt-to-equity at 1.42, compared with 1.55 a year earlier.

American Electric Power Company Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for American Electric Power Company, Inc. (AEP) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	0.20	0.20	0.33	0.51	0.40	0.39	0.25	0.23	0.21
Short-Term Investments	0.22	0.22	0.21	0.19	0.22	0.20	0.20	0.16	0.16
Cash & Short-Term Investments	0.49	0.46	0.59	0.70	0.67	0.59	0.45	0.39	0.38
Accounts Receivable	2.87	2.63	2.45	2.67	1.94	1.84	1.71	1.93	1.89
Inventory	1.62	1.72	1.88	1.35	0.99	1.31	1.17	0.92	0.95
Other Current Assets	0.65	0.54	0.65	2.06	3.56	0.61	0.75	0.87	1.03
Total Current Assets	6.05	5.79	6.08	6.78	7.81	4.35	4.08	4.11	4.25
Non-Current Assets
Property, Plant & Equipment (Net)	93.04	83.00	77.31	73.98	66.58	64.77	61.10	55.10	50.26
Long-Term Investments	6.11	4.95	4.20	3.79	4.42	3.96	3.83	3.40	3.74
Goodwill	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Other Non-Current Assets	5.60	4.72	4.28	8.80	5.22	7.62	6.83	6.14	6.42
Total Non-Current Assets	111.19	97.29	90.60	86.63	79.86	76.41	71.81	64.69	60.48
Total Assets	114.46	103.08	96.68	93.40	87.67	80.76	75.89	68.80	64.73
Current Liabilities
Accounts Payable	3.43	2.64	2.03	2.67	2.05	1.71	2.09	1.87	2.07
Short-Term Debt	1.51	2.52	2.83	6.71	2.61	4.81	4.67	3.61	3.39
Current Portion of Long-Term Debt	3.19	3.34	2.49	2.49	2.15	-	-	-	-
Accrued Liabilities	2.55	2.38	2.21	0.34	1.86	-	-	-	-
Deferred Revenue	0.00	0.45	0.42	0.41	0.32	0.34	0.37	0.41	0.36
Other Current Liabilities	2.54	2.05	1.90	1.80	3.65	1.60	1.82	1.54	1.34
Total Current Liabilities	13.31	13.01	11.58	13.27	12.43	9.93	10.30	8.65	8.27
Non-Current Liabilities
Long-Term Debt	44.13	39.31	37.65	34.87	31.30	29.62	25.86	21.65	19.42
Deferred Tax Liabilities	13.74	9.97	9.42	8.90	8.20	8.24	7.59	7.09	6.81
Other Non-Current Liabilities	15.82	14.89	13.42	12.25	12.04	12.19	12.23	12.36	11.91
Total Non-Current Liabilities	68.89	63.05	59.77	56.01	52.52	50.06	45.68	41.09	38.14
Total Liabilities	82.24	76.09	71.40	69.35	64.99	59.98	55.98	49.74	46.42
Stockholders' Equity
Common Stock	3.52	3.47	3.43	3.41	3.41	3.36	3.34	3.34	3.33
Retained Earnings	15.44	13.87	9.07	12.35	11.67	10.69	9.90	9.33	8.63
Accumulated Other Comprehensive Income	0.04	0.00	-0.06	0.08	0.18	-0.09	-0.15	-0.12	-0.07
Additional Paid-in Capital	12.14	9.61	9.07	8.05	7.17	6.59	6.54	6.49	6.40
Minority Interest	1.08	0.04	0.04	0.23	0.25	0.22	0.28	0.03	0.03
Shares Outstanding	0.54	0.53	0.53	0.51	-	-	-	-	-
Total Stockholders' Equity	32.22	26.99	25.29	23.89	22.68	20.55	19.63	19.03	18.29
Total Liabilities & Equity	117.25	103.08	96.68	93.40	87.67	80.76	75.89	68.80	64.73

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About American Electric Power Company Balance Sheet

How much debt does American Electric Power Company have?

American Electric Power Company had total debt of $45.64B as of Dec 31, 2025, against $488.00M in cash and short-term investments. Its debt-to-equity ratio was 1.42. Total debt was $41.83B a year earlier.

What are American Electric Power Company's total assets?

American Electric Power Company reported total assets of $114.46B as of Dec 31, 2025, up 11.0% from $103.08B a year earlier. Total liabilities were $82.24B.

What is American Electric Power Company's shareholders' equity?

American Electric Power Company's shareholders' equity was $32.22B as of Dec 31, 2025, or about $59.57 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition