AMERICAN ELECTRIC POWER CO INC Earnings Per Share Disclosure
| Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||
| (in millions, except per-share data) | ||||||||||||||||||||||||||||||||||||||
| $/share | $/share | $/share | ||||||||||||||||||||||||||||||||||||
| Earnings Attributable to AEP Common Shareholders | $ | 2,208.1 | $ | 2,307.2 | $ | 2,488.1 | ||||||||||||||||||||||||||||||||
| Weighted-Average Number of Basic AEP Common Shares Outstanding | 518.9 | $ | 4.26 | 511.8 | $ | 4.51 | 500.5 | $ | 4.97 | |||||||||||||||||||||||||||||
| Weighted-Average Dilutive Effect of Stock-Based Awards | 1.3 | (0.02) | 1.7 | (0.02) | 1.3 | (0.01) | ||||||||||||||||||||||||||||||||
| Weighted-Average Number of Diluted AEP Common Shares Outstanding | 520.2 | $ | 4.24 | 513.5 | $ | 4.49 | 501.8 | $ | 4.96 | |||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2023 | Feb 26, 2024 | Showing above |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2017 | Feb 23, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.