SIGNIFICANT ACCOUNTING MATTERS (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Earnings Per Share, Basic and Diluted

The following table presents AEP’s basic and diluted EPS calculations included on the statements of income:


	Three Months Ended June 30,
	2025				2024
	(in millions, except per share data)
			$/share				$/share


Earnings Attributable to AEP Common Shareholders	$	1,225.8			$	340.3

Weighted-Average Number of Basic AEP Common Shares Outstanding	534.3		$	2.29	528.9		$	0.64
Weighted-Average Dilutive Effect	2.1		—		1.2		—
Weighted-Average Number of Diluted AEP Common Shares Outstanding	536.4		$	2.29	530.1		$	0.64


	Six Months Ended June 30,
	2025				2024
	(in millions, except per share data)
			$/share				$/share


Earnings Attributable to AEP Common Shareholders	$	2,026.0			$	1,343.4

Weighted-Average Number of Basic AEP Common Shares Outstanding	533.8		$	3.80	527.7		$	2.55
Weighted-Average Dilutive Effect	1.7		(0.02)		1.2		(0.01)
Weighted-Average Number of Diluted AEP Common Shares Outstanding	535.5		$	3.78	528.9		$	2.54

Schedule of Cash and Cash Equivalents

The following tables provide a reconciliation of Cash, Cash Equivalents and Restricted Cash reported within the balance sheets that sum to the total of the same amounts shown on the statements of cash flows:


	June 30, 2025
	AEP		AEP Texas		APCo		SWEPCo
	(in millions)
Cash and Cash Equivalents	$	227.3	$	0.1	$	6.2	$	3.7
Restricted Cash	51.3		13.3		18.2		16.7
Total Cash, Cash Equivalents and Restricted Cash	$	278.6	$	13.4	$	24.4	$	20.4


	December 31, 2024
	AEP		AEP Texas		APCo		SWEPCo
	(in millions)
Cash and Cash Equivalents	$	202.9	$	0.1	$	3.9	$	1.2
Restricted Cash	43.1		23.5		16.2		3.4
Total Cash, Cash Equivalents and Restricted Cash	$	246.0	$	23.6	$	20.1	$	4.6

Restrictions on Cash and Cash Equivalents


	June 30, 2025
	AEP		AEP Texas		APCo		SWEPCo
	(in millions)
Cash and Cash Equivalents	$	227.3	$	0.1	$	6.2	$	3.7
Restricted Cash	51.3		13.3		18.2		16.7
Total Cash, Cash Equivalents and Restricted Cash	$	278.6	$	13.4	$	24.4	$	20.4


	December 31, 2024
	AEP		AEP Texas		APCo		SWEPCo
	(in millions)
Cash and Cash Equivalents	$	202.9	$	0.1	$	3.9	$	1.2
Restricted Cash	43.1		23.5		16.2		3.4
Total Cash, Cash Equivalents and Restricted Cash	$	246.0	$	23.6	$	20.1	$	4.6