American Water Works Company, Inc.

10-K & 10-Q Filings

American Water is the largest publicly-traded water and wastewater utility company in the United States, serving over 14 million people in 24 states. The company's primary business involves the ownership of utilities that provide water and wastewater services to residential, commercial, industrial, public authority, fire service, and other customers. The company operates through two segments: Regulated Businesses, which account for the majority of its revenue, and other businesses that provide water and wastewater services to the U.S. government and municipalities. The Regulated Businesses serve approximately 3.5 million active customers and generated operating revenues of $3.92 billion in 2023. The company plans to invest between $34 billion and $38 billion over the next 10 years for capital improvements to its Regulated Businesses' water and wastewater infrastructure. American Water's website is www.amwater.com, and its ticker symbol is AWK.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$2666.24
2876.89
2901.86
3011.33
Cost of Revenue (-)
$6.05
6.20
5.68
7.03
Selling, General & Administrative (-)
$210.48
221.21
234.64
236.73
Depreciation & Amortization (-)
$356.88
386.86
414.32
7.03
Non-recurring Operating Expenses (-)
$
57.00
Operating Expenses (-)
$1863.10
1951.92
1956.01
2008.75
2084.00
2222.00
2113.00
2338.00
2440.00
2529.00
2734.00
2519.00
2730.00
643.00
685.00
3.24%6.53%Costs & Expenses (Total) (-)
$1869.15
1958.11
1961.69
2015.78
2084.00
2222.00
2113.00
2338.00
2440.00
2529.00
1987.00
2500.00
2730.00
643.00
685.00
3.21%6.53%Operating Income/Loss (+)
$803.14
924.97
945.85
1002.58
1075.00
1080.00
1244.00
1102.00
1170.00
1248.00
1196.00
1273.00
1504.00
295.00
326.00
5.37%10.51%Non-operating Income/Expense (+)
$-299.46
-293.71
-340.38
-292.76
-293.00
-310.00
-332.00
-315.00
-337.00
-324.00
444.00
-265.00
-308.00
-81.00
-84.00
-3.70%Interest Expense (-)
$312.42
310.79
308.16
297.82
308.00
325.00
342.00
350.00
382.00
395.00
Earnings before Tax (+)
$503.68
631.26
605.47
709.81
782.00
770.00
912.00
787.00
833.00
924.00
1640.00
1008.00
1196.00
214.00
242.00
7.47%13.08%Tax Expense (-)
$198.75
257.01
236.21
279.97
306.00
302.00
486.00
222.00
212.00
215.00
377.00
188.00
252.00
44.00
57.00
2.00%29.55%Income/Loss (Continuing Operations) (+)
$304.93
374.25
369.26
429.84
476.00
468.00
426.00
565.00
621.00
709.00
1263.00
820.00
944.00
170.00
185.00
9.87%8.82%Income/Loss (Discontinued Operations) (+)
$4.68
-16.18
-6.73
Profit/Loss (+)
$
565.00
621.00
709.00
Net Income/Loss (NCI) (-)
$
-2.00
Net Income/Loss (+)
$309.61
358.07
369.26
423.11
476.00
468.00
426.00
567.00
621.00
709.00
1263.00
820.00
944.00
170.00
185.00
9.74%8.82%Net Income/Loss (Common) (+)
$309.61
358.07
369.26
423.11
476.00
468.00
426.00
567.00
621.00
709.00
1263.00
820.00
944.00
170.00
185.00
9.74%8.82%EPS (Basic)
$1.76
2.03
2.08
2.36
2.66
2.63
2.39
3.16
3.44
3.91
6.96
4.51
4.90
0.91
0.95
8.91%4.40%EPS (Diluted)
$1.75
2.01
2.06
2.35
2.64
2.62
2.38
3.15
3.43
3.91
6.95
4.51
4.90
0.91
0.95
8.96%4.40%Weighted Avg Shares (Basic)
175.48
176.44
177.81
178.89
179.00
178.00
178.00
180.00
181.00
181.00
182.00
182.00
193.00
186.00
195.00
0.80%4.84%Weighted Avg Shares (Diluted)
176.53
177.67
179.06
179.81
180.00
179.00
179.00
180.00
181.00
182.00
182.00
182.00
193.00
186.00
195.00
0.75%4.84%Cash
$46.65
54.19
55.47
36.94
136.00
117.00
364.00
242.00
626.00
18.67%158.68%Receivables
$346.07
402.28
461.72
487.59
519.00
609.00
641.00
607.00
639.00
5.27%5.27%Inventory
$28.60
29.77
32.97
37.19
57.00
98.00
112.00
103.00
115.00
12.05%11.65%Other Assets (Current)
$976.35
13.20
0.23
99.65
842.00
426.00
272.00
386.00
207.00
-10.10%-46.37%Assets (Current)
$1397.66
499.45
550.39
661.37
657.00
784.00
720.00
781.00
1285.00
1906.00
1554.00
1250.00
1389.00
1338.00
1587.00
-0.05%18.61%Securities & Long-term Investments
$25.50
10.79
0.75
8.96
Property, Plant & Equipment (Net)
$
13933.00
14992.00
16246.00
17409.00
18232.00
19710.00
92.00
82.00
86.00
83.00
90.00
8.43%Accumulated Depreciation
$
4571.00
4962.00
5470.00
5795.00
5709.00
5904.00
Goodwill & Intangibles
$1195.07
1207.25
1207.76
1208.04
1302.00
1345.00
1379.00
1575.00
1501.00
1504.00
1139.00
1143.00
1143.00
1143.00
1143.00
-0.37%0.00%Other Assets
$12158.16
13001.49
13310.63
14252.59
1349.00
1361.00
1137.00
1458.00
2127.00
2180.00
23290.00
25312.00
27680.00
25722.00
28266.00
7.10%9.89%Assets (Non-current)
$13378.73
14219.53
14519.14
15469.59
16584.00
17698.00
18762.00
20442.00
21397.00
22860.00
24521.00
26537.00
28909.00
26948.00
29499.00
6.63%9.47%Assets (Total)
$14776.39
14718.98
15069.53
16130.96
17241.00
18482.00
19482.00
21223.00
22682.00
24766.00
26075.00
27787.00
30298.00
28286.00
31086.00
6.17%9.90%Liabilities (Current)
$1489.11
994.83
1235.53
1241.00
1533.00
2392.00
2325.00
2094.00
2045.00
2881.00
2141.00
2811.00
2151.00
1892.00
1857.00
3.11%-1.85%Debt (Non-current)
$21.14
15.50
10923.00
89.00
Other Liabilities
$9025.76
9279.16
9106.20
9958.87
3664.00
10872.00
11772.00
13265.00
14427.00
15431.00
16636.00
17283.00
18350.00
16847.00
19222.00
6.09%14.10%Liabilities (Non-current)
$9046.90
9279.16
9106.20
9974.37
10659.00
10872.00
11772.00
13265.00
14516.00
15431.00
16636.00
17283.00
18350.00
16847.00
19222.00
6.07%14.10%Liabilities (Total)
$10536.01
10273.99
10341.73
11215.36
12192.00
13264.00
14097.00
15359.00
16561.00
18312.00
18777.00
20094.00
20501.00
18739.00
21079.00
5.70%12.49%Treasury Stock
$
5.04
10.52
143.00
213.00
247.00
297.00
338.00
348.00
365.00
377.00
388.00
388.00
392.00
1.03%Retained Earnings
$-1848.80
-1664.95
-1495.70
-1295.55
-1073.00
-873.00
-723.00
-464.00
-207.00
102.00
925.00
1267.00
1659.00
1437.00
1844.00
28.32%AOCI
$-97.68
-116.19
-34.63
-81.87
-88.00
-86.00
-79.00
-34.00
-36.00
-49.00
-45.00
-23.00
-26.00
-23.00
-8.00
65.22%Shareholder's Equity
$4240.38
4444.99
4727.80
4915.59
5049.00
5218.00
5385.00
5864.00
6121.00
6454.00
7298.00
7693.00
9797.00
9547.00
10007.00
7.23%4.82%Liabilities & Equity
$14776.39
14718.98
15069.53
16130.96
17241.00
18482.00
19482.00
21223.00
22682.00
24766.00
26075.00
27787.00
30298.00
28286.00
31086.00
6.17%9.90%Net Income/Loss
$309.61
358.07
369.26
423.11
476.00
468.00
426.00
565.00
621.00
709.00
1263.00
820.00
944.00
170.00
185.00
9.74%8.82%Depreciation & Amortization
$351.82
381.50
407.72
424.08
440.00
470.00
492.00
545.00
582.00
604.00
636.00
649.00
704.00
172.00
188.00
5.95%9.30%Increase/Decrease in Working Capital
$-11.68
-11.41
137.37
-3.50
13.00
-74.00
-101.00
32.00
66.00
94.00
-86.00
406.00
-27.00
51.00
8.00
-84.31%Share-based Compensation
$-105.28
-30.65
-6.96
-15.08
4.00
1.00
9.00
Adjustments to Reconcile Net Income
$498.74
600.56
529.90
668.34
703.00
808.00
1023.00
821.00
762.00
717.00
178.00
288.00
930.00
115.00
197.00
5.33%71.30%Net Cash (Operating)
$808.36
955.60
896.16
1097.29
1179.00
1276.00
1449.00
1386.00
1383.00
1426.00
1441.00
1108.00
1874.00
285.00
382.00
7.26%34.04%Capital Expenditure
$922.11
411.39
1002.99
-4.91
192.00
1506.00
1596.00
1949.00
1841.00
1955.00
1427.00
2004.00
2656.00
530.00
695.00
9.22%31.13%Net Cash (Investing)
$-912.40
-382.36
-1053.29
-1013.99
-1465.00
-1587.00
-1672.00
-2036.00
-1945.00
-2061.00
-1536.00
-2127.00
-2815.00
-561.00
-733.00
-30.66%Increase/Decrease in Debt
$228.63
-402.40
271.38
108.07
641.00
646.00
582.00
913.00
883.00
1015.00
548.00
1398.00
-14.00
-1171.00
763.00
165.16%Increase/Decrease in Equity
$11.43
16.09
18.48
14.67
-94.00
-44.00
-41.00
154.00
-21.00
9.00
-26.00
-7.00
1672.00
1688.00
-14.00
51.51%-100.83%Interest Expenses
$331.94
329.33
317.83
301.14
309.00
327.00
338.00
332.00
383.00
382.00
389.00
414.00
445.00
2.47%Dividends Paid
$157.85
213.46
149.45
216.35
239.00
261.00
289.00
319.00
353.00
389.00
428.00
467.00
532.00
119.00
138.00
10.66%15.97%Net Cash (Financing)
$105.14
-563.02
159.66
-87.18
308.00
341.00
207.00
726.00
494.00
1120.00
-345.00
1000.00
1188.00
401.00
613.00
22.39%52.87%Cash Taxes Paid
$14.27
5.35
7.79
15.92
12.00
16.00
30.00
38.00
12.00
7.00
1.00
335.00
Increase/Decrease in Cash
$1.09
10.23
2.53
-3.88
22.00
30.00
76.00
-68.00
485.00
-440.00
-19.00
247.00
125.00
262.00
57.07%109.60%Cash (Beginning)
$13.11
14.21
24.43
26.96
23.00
45.00
83.00
159.00
91.00
576.00
136.00
117.00
117.00
364.00
20.01%211.11%Cash (Ending)
$14.21
24.43
26.96
23.08
45.00
75.00
159.00
91.00
576.00
136.00
117.00
364.00
242.00
626.00
31.03%158.68%NOPAT
$780.38
917.13
933.68
980.09
1058.50
1057.56
1203.08
1048.79
1153.15
1238.55
1195.27
849.93
1187.10
234.35
249.21
3.56%6.34%Operating Margin %
30.12%
32.15%
32.59%
33.29%
NOPAT Margin %
29.27%
31.88%
32.18%
32.55%
Net Margin %
11.61%
12.45%
12.73%
14.05%
Tax Rate %
2.83%
0.85%
1.29%
2.24%
1.53%
2.08%
3.29%
4.83%
1.44%
0.76%
0.06%
33.23%
21.07%
20.56%
23.55%
ROA
5.28%
6.23%
6.20%
6.08%
6.14%
5.72%
6.18%
4.94%
5.08%
5.00%
4.58%
3.06%
3.92%
0.83%
0.80%
ROE
18.40%
20.63%
19.75%
19.94%
20.96%
20.27%
22.34%
17.89%
18.84%
19.19%
16.38%
11.05%
12.12%
2.45%
2.49%
ROIC
65.30%
75.97%
77.31%
81.13%
6.95%
6.47%
6.83%
5.52%
5.84%
5.84%
97.10%
69.38%
96.59%
19.11%
20.21%
Asset Turnover
0.18
0.20
0.19
0.19
Inventory Turnover
0.21
0.21
0.17
0.19
Equity Multiplier
3.48
3.31
3.19
3.28
3.41
3.54
3.62
3.62
3.71
3.84
3.57
3.61
3.09
2.96
3.11
Debt/Equity Ratio
0.00
0.00
2.16
0.01
Interest Coverage Ratio
2.42
2.81
2.98
3.33
3.48
3.30
3.68
3.32
3.05
3.27
3.07
3.07
3.38
Dividend Payout Ratio %
20.23%
23.27%
16.01%
22.07%
22.58%
24.68%
24.02%
30.42%
30.61%
31.41%
35.81%
54.95%
44.81%
50.78%
55.37%
Total Payout
$249.75
929.10
177.41
394.75
1.00
-14.00
86.00
-416.00
-126.00
-253.00
295.00
-510.00
-681.00
-398.00
-611.00
-53.52%Payout Ratio %
32.00%
101.30%
19.00%
40.28%
0.09%
-1.32%
7.15%
-39.66%
-10.93%
-20.43%
24.68%
-60.00%
-57.37%
-169.83%
-245.17%