SEC Comment Letter for AMERICAN ELECTRIC POWER CO INC (AEP) (CIK 0000004904) (AEP) — Aug 15, 2017
AMERICAN ELECTRIC POWER CO INC (AEP) (CIK 0000004904)
Date: Aug. 15, 2017 · CIK: 0000004904 · Accession: 0000000000-17-028804
AI Filing Summary & Sentiment
Letter
Mail Stop 3561 August 15, 2017 Brian X. Tierney Executive Vice President and Chief Financial Officer American Electric Power Company, Inc. 1 Riverside Plaza Columbus, Ohio 43215
Re: American Electric Power Company, Inc. Form 10-K for Fiscal Year Ended December 31, 2016 Filed February 28, 2017 Form 8-K Filed July 27, 2017 File No. 1-03525
Dear Mr. Tierney :
We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to these comments within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10 -K for Fiscal Year Ended December 31, 2016
Exhibit 13
Results of Operations, page 17
1. We note your presentation of gross -margin, a non -GAAP measure. Please discl ose in future filings why management believes the presentation of the non -GAAP measure provides useful inf ormation to investors. Refer to Item 10(e)(1)(i)(c) of Regulation S -K.
Brian X. Tierney American Electric Power Company, Inc. August 15, 2017 Page 2
Form 8 -K Filed July 27, 2017
Exhibit 99.1
2. Please clearly label operating earnings and operating earnings per share as non-GAAP measures in your future earnings releases.
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
You may contact Yolanda Guobadia, Staff Accountant at (202) 551 -3562 or me at (202) 551-3344 if you have questions regarding our comment s or any other questions.
Sincerely,
/s/ William H. Thompson
Show Raw Text
Mail Stop 3561 August 15, 2017 Brian X. Tierney Executive Vice President and Chief Financial Officer American Electric Power Company, Inc. 1 Riverside Plaza Columbus, Ohio 43215 Re: American Electric Power Company, Inc. Form 10-K for Fiscal Year Ended December 31, 2016 Filed February 28, 2017 Form 8-K Filed July 27, 2017 File No. 1-03525 Dear Mr. Tierney : We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10 -K for Fiscal Year Ended December 31, 2016 Exhibit 13 Results of Operations, page 17 1. We note your presentation of gross -margin, a non -GAAP measure. Please discl ose in future filings why management believes the presentation of the non -GAAP measure provides useful inf ormation to investors. Refer to Item 10(e)(1)(i)(c) of Regulation S -K. Brian X. Tierney American Electric Power Company, Inc. August 15, 2017 Page 2 Form 8 -K Filed July 27, 2017 Exhibit 99.1 2. Please clearly label operating earnings and operating earnings per share as non-GAAP measures in your future earnings releases. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Yolanda Guobadia, Staff Accountant at (202) 551 -3562 or me at (202) 551-3344 if you have questions regarding our comment s or any other questions. Sincerely, /s/ William H. Thompson William H. Thompson Accounting Branch Chief Office of Consumer Products