INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME For the Years Ended December 31, 2020, 2019 and 2018 (in millions) See Notes to Financial Statements of Registrants beginning on page 229. Years Ended December 31, 2020 2019 2018 REVENUES Electric Generation, Transmission and Distribution $ 2,165.3  $ 2,222.1  $ 2,272.6  Sales to AEP Affiliates 10.5  10.5  22.1  Other Revenues - Affiliated 60.8  63.4  63.4  Other Revenues - Nonaffiliated 5.2  10.7  12.6  TOTAL REVENUES 2,241.8  2,306.7  2,370.7  EXPENSES Fuel and Other Consumables Used for Electric Generation 162.0  190.6  318.3  Purchased Electricity for Resale 182.2  232.3  221.8  Purchased Electricity from AEP Affiliates 172.8  214.9  237.9  Other Operation 650.0  641.2  585.4  Maintenance 193.2  231.2  238.1  Depreciation and Amortization 411.6  350.6  293.1  Taxes Other Than Income Taxes 107.1  105.1  98.9  TOTAL EXPENSES 1,878.9  1,965.9  1,993.5  OPERATING INCOME 362.9  340.8  377.2  Other Income (Expense): Other Income 10.0  18.2  19.2  Non-Service Cost Components of Net Periodic Benefit Cost 16.7  17.7  18.1  Interest Expense (112.3) (117.9) (124.1) INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) 277.3  258.8  290.4  Income Tax Expense (Benefit) (7.5) (10.6) 29.1  NET INCOME $ 284.8  $ 269.4  $ 261.3  180 The common stock of I&M is wholly-owned by Parent.