American Income Before Tax vs Operating Income Analysis

0HEC Stock

100.22 0.15 0.15%

American Electric financial indicator trend analysis is way more than just evaluating American Electric Power prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Electric Power is a good investment. Please check the relationship between American Electric Income Before Tax and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Electric Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Electric Power Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have almost no relationship.

The correlation between American Electric's Income Before Tax and Operating Income is 0.16. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of American Electric Power, assuming nothing else is changed. The correlation between historical values of American Electric's Income Before Tax and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of American Electric Power are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., American Electric's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on American Electric income statement and is an important metric when analyzing American Electric Power profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Operating Income

Operating Income is the amount of profit realized from American Electric Power operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of American Electric Power is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from American Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Electric Power current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Electric Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to drop to about 75.7 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	16.6B	19.3B	19.0B	17.9B
Depreciation And Amortization	3.0B	3.3B	3.0B	2.6B

Total Revenue Depreciation And Amortization

American Electric fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total
Total Assets		-0.71	0.95	0.99	0.99	0.92	0.99	0.88	0.71	0.97	0.57	-0.07	0.81	0.77	-0.72	0.7	0.94	0.93	-0.02	0.41	0.89	1.0	0.64	-0.68	0.59	0.98
Other Current Liab	-0.71		-0.61	-0.71	-0.71	-0.88	-0.75	-0.76	-0.62	-0.84	-0.9	0.4	-0.7	-0.43	0.88	-0.54	-0.76	-0.9	0.36	-0.14	-0.63	-0.71	-0.19	0.97	-0.49	-0.59
Total Current Liabilities	0.95	-0.61		0.92	0.92	0.85	0.93	0.88	0.72	0.91	0.51	-0.14	0.8	0.76	-0.69	0.64	0.87	0.86	-0.13	0.58	0.82	0.96	0.77	-0.63	0.55	0.93
Total Stockholder Equity	0.99	-0.71	0.92		0.99	0.92	0.99	0.85	0.66	0.97	0.59	-0.03	0.75	0.81	-0.72	0.74	0.9	0.92	0.07	0.37	0.95	0.98	0.64	-0.69	0.62	0.97
Property Plant And Equipment Net	0.99	-0.71	0.92	0.99		0.92	0.99	0.86	0.68	0.97	0.56	-0.08	0.78	0.77	-0.7	0.69	0.94	0.92	0.04	0.31	0.9	0.99	0.57	-0.67	0.57	0.98
Net Debt	0.92	-0.88	0.85	0.92	0.92		0.94	0.83	0.59	0.98	0.84	-0.16	0.71	0.66	-0.82	0.61	0.91	1.0	-0.15	0.34	0.84	0.92	0.51	-0.88	0.52	0.86
Retained Earnings	0.99	-0.75	0.93	0.99	0.99	0.94		0.87	0.71	0.98	0.62	-0.07	0.81	0.75	-0.76	0.69	0.94	0.95	-0.03	0.37	0.9	0.99	0.6	-0.73	0.58	0.97
Accounts Payable	0.88	-0.76	0.88	0.85	0.86	0.83	0.87		0.8	0.88	0.58	-0.27	0.86	0.73	-0.71	0.6	0.84	0.85	-0.3	0.38	0.75	0.88	0.53	-0.71	0.51	0.81
Cash	0.71	-0.62	0.72	0.66	0.68	0.59	0.71	0.8		0.69	0.33	-0.33	0.98	0.42	-0.67	0.43	0.67	0.65	-0.37	0.35	0.49	0.72	0.41	-0.57	0.39	0.62
Non Current Assets Total	0.97	-0.84	0.91	0.97	0.97	0.98	0.98	0.88	0.69		0.73	-0.15	0.8	0.7	-0.81	0.67	0.95	0.99	-0.12	0.35	0.87	0.97	0.55	-0.82	0.57	0.93
Non Currrent Assets Other	0.57	-0.9	0.51	0.59	0.56	0.84	0.62	0.58	0.33	0.73		-0.27	0.44	0.33	-0.79	0.37	0.63	0.83	-0.39	0.23	0.52	0.56	0.22	-0.95	0.34	0.45
Other Assets	-0.07	0.4	-0.14	-0.03	-0.08	-0.16	-0.07	-0.27	-0.33	-0.15	-0.27		-0.32	0.1	0.37	-0.08	-0.19	-0.19	0.51	-0.01	0.02	-0.08	0.15	0.37	-0.1	0.02
Cash And Short Term Investments	0.81	-0.7	0.8	0.75	0.78	0.71	0.81	0.86	0.98	0.8	0.44	-0.32		0.46	-0.73	0.49	0.81	0.76	-0.39	0.38	0.56	0.82	0.44	-0.66	0.44	0.72
Net Receivables	0.77	-0.43	0.76	0.81	0.77	0.66	0.75	0.73	0.42	0.7	0.33	0.1	0.46		-0.38	0.69	0.55	0.64	0.27	0.29	0.88	0.76	0.64	-0.36	0.53	0.81
Good Will	-0.72	0.88	-0.69	-0.72	-0.7	-0.82	-0.76	-0.71	-0.67	-0.81	-0.79	0.37	-0.73	-0.38		-0.55	-0.75	-0.84	0.38	-0.29	-0.62	-0.71	-0.31	0.93	-0.51	-0.6
Common Stock Shares Outstanding	0.7	-0.54	0.64	0.74	0.69	0.61	0.69	0.6	0.43	0.67	0.37	-0.08	0.49	0.69	-0.55		0.59	0.62	0.2	0.23	0.77	0.69	0.48	-0.48	0.97	0.69
Short Term Investments	0.94	-0.76	0.87	0.9	0.94	0.91	0.94	0.84	0.67	0.95	0.63	-0.19	0.81	0.55	-0.75	0.59		0.92	-0.19	0.34	0.76	0.94	0.48	-0.74	0.52	0.89
Non Current Liabilities Total	0.93	-0.9	0.86	0.92	0.92	1.0	0.95	0.85	0.65	0.99	0.83	-0.19	0.76	0.64	-0.84	0.62	0.92		-0.2	0.35	0.82	0.92	0.5	-0.89	0.54	0.86
Inventory	-0.02	0.36	-0.13	0.07	0.04	-0.15	-0.03	-0.3	-0.37	-0.12	-0.39	0.51	-0.39	0.27	0.38	0.2	-0.19	-0.2		-0.39	0.27	-0.03	-0.03	0.45	0.08	0.15
Other Current Assets	0.41	-0.14	0.58	0.37	0.31	0.34	0.37	0.38	0.35	0.35	0.23	-0.01	0.38	0.29	-0.29	0.23	0.34	0.35	-0.39		0.3	0.42	0.89	-0.28	0.27	0.36
Other Stockholder Equity	0.89	-0.63	0.82	0.95	0.9	0.84	0.9	0.75	0.49	0.87	0.52	0.02	0.56	0.88	-0.62	0.77	0.76	0.82	0.27	0.3		0.88	0.62	-0.58	0.62	0.91
Total Liab	1.0	-0.71	0.96	0.98	0.99	0.92	0.99	0.88	0.72	0.97	0.56	-0.08	0.82	0.76	-0.71	0.69	0.94	0.92	-0.03	0.42	0.88		0.65	-0.68	0.58	0.98
Total Current Assets	0.64	-0.19	0.77	0.64	0.57	0.51	0.6	0.53	0.41	0.55	0.22	0.15	0.44	0.64	-0.31	0.48	0.48	0.5	-0.03	0.89	0.62	0.65		-0.27	0.44	0.65
Intangible Assets	-0.68	0.97	-0.63	-0.69	-0.67	-0.88	-0.73	-0.71	-0.57	-0.82	-0.95	0.37	-0.66	-0.36	0.93	-0.48	-0.74	-0.89	0.45	-0.28	-0.58	-0.68	-0.27		-0.45	-0.55
Common Stock	0.59	-0.49	0.55	0.62	0.57	0.52	0.58	0.51	0.39	0.57	0.34	-0.1	0.44	0.53	-0.51	0.97	0.52	0.54	0.08	0.27	0.62	0.58	0.44	-0.45		0.56
Short Long Term Debt Total	0.98	-0.59	0.93	0.97	0.98	0.86	0.97	0.81	0.62	0.93	0.45	0.02	0.72	0.81	-0.6	0.69	0.89	0.86	0.15	0.36	0.91	0.98	0.65	-0.55	0.56

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American Electric Account Relationship Matchups

American Electric fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	79.1B	84.0B	90.9B	97.0B	96.7B	81.4B
Other Current Liab	769M	399.4M	2.0B	397.2M	398.3M	378.4M
Total Current Liabilities	10.3B	9.9B	12.4B	13.3B	11.6B	10.3B
Total Stockholder Equity	19.6B	20.6B	22.4B	23.9B	25.2B	21.3B
Property Plant And Equipment Net	61.1B	64.8B	66.6B	74.0B	77.3B	60.9B
Net Debt	30.4B	34.3B	36.7B	41.2B	43.6B	28.9B
Retained Earnings	9.9B	10.7B	11.7B	12.3B	12.8B	10.3B
Accounts Payable	2.1B	1.7B	2.1B	2.7B	2.0B	2.0B
Cash	432.6M	438.3M	451.4M	556.5M	379M	416.5M
Non Current Assets Total	75.1B	79.7B	83.1B	90.2B	90.6B	74.8B
Non Currrent Assets Other	6.2B	7.0B	8.1B	8.5B	8.7B	4.4B
Cash And Short Term Investments	635.3M	639.1M	671.8M	744.1M	544.4M	583.8M
Net Receivables	1.7B	1.8B	1.9B	2.6B	2.4B	2.1B
Common Stock Shares Outstanding	495.3M	497.2M	501.8M	513.5M	520.2M	546.1M
Short Term Investments	202.7M	200.8M	220.4M	187.6M	214.3M	171.8M
Non Current Liabilities Total	48.8B	53.3B	55.8B	59.5B	59.8B	48.2B
Inventory	1.2B	1.3B	989.2M	1.4B	1.9B	1.4B
Other Current Assets	781.2M	638.4M	4.3B	2.1B	1.3B	1.6B
Other Stockholder Equity	6.5B	6.6B	7.2B	8.1B	9.1B	7.4B
Total Liab	59.1B	63.2B	68.2B	72.8B	71.4B	60.0B
Total Current Assets	4.1B	4.4B	7.8B	6.8B	6.1B	5.6B
Common Stock	3.3B	3.4B	3.4B	3.4B	3.4B	3.7B
Short Long Term Debt Total	30.8B	34.7B	37.2B	41.8B	43.9B	32.0B
Liabilities And Stockholders Equity	79.1B	84.0B	90.9B	97.0B	96.7B	83.4B
Accumulated Other Comprehensive Income	(147.7M)	(85.1M)	184.8M	83.7M	(55.5M)	(58.3M)
Short Term Debt	4.7B	4.9B	5.2B	6.8B	5.6B	4.8B
Current Deferred Revenue	1.4B	1.5B	1.6B	1.7B	1.8B	1.5B
Long Term Debt	19.4B	21.6B	25.1B	29.0B	33.3B	24.8B
Capital Surpluse	6.4B	6.5B	6.5B	6.6B	7.6B	7.1B
Other Liab	19.5B	20.2B	20.6B	20.4B	23.5B	21.7B
Net Tangible Assets	19.6B	20.5B	22.4B	23.8B	27.4B	22.6B
Deferred Long Term Liab	4.6B	5.1B	5.8B	5.9B	6.8B	5.7B
Property Plant Equipment	61.1B	64.8B	66.6B	71.9B	82.7B	67.8B

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American Income Before Tax vs Operating Income Analysis

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

American Electric fundamental ratios Correlations

American Electric Account Relationship Matchups

High Positive Relationship

High Negative Relationship

American Electric fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Net Debt
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Stockholder Equity

Intangible Assets	- 0.95	Non Currrent Assets Other
Non Current Liabilities Total	- 0.9	Other Current Liab
Non Currrent Assets Other	- 0.9	Other Current Liab
Intangible Assets	- 0.89	Non Current Liabilities Total
Intangible Assets	- 0.88	Net Debt
Net Debt	- 0.88	Other Current Liab