American Water Works (AWK) FY2012 results: revenue $2.9 billion, up 7.0% on the year
American Water Works Company, Inc. (AWK) reported revenue of $2.9 billion for fiscal 2012, the year ended 31 December 2012, up 7.0% on the year before. Net income was $358 million, up 15.7%, and diluted earnings per share $2.01. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$2.9 billion
+7.0% on the year
FY2008FY2012
Operating margin
32.4%
30.1% a year earlier
FY2008FY2012
Net income
$358 million
+15.7% on the year
FY2008FY2012
Diluted EPS
$2.01
+14.9% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
2,854
2,666
2,555
+7.0%
Operating income
925
803
728
+15.2%
Operating margin
32.4%
30.1%
28.5%
Interest expense
311
312
314
-0.5%
Pre-tax income
631
504
429
+25.3%
Income tax
257
199
174
+29.3%
Effective tax rate
40.7%
39.5%
40.6%
Net income
358
310
268
+15.7%
Net margin
12.5%
11.6%
10.5%
Diluted EPS
$2.01
$1.75
$1.53
+14.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
956
808
775
+18.2%
Capital expenditure
929
925
766
+0.4%
Free cash flow
27.0
-117
9.3
Free cash flow margin
0.9%
-4.4%
0.4%
Cash from investing
-382
-912
-747
Cash from financing
-563
105
-37.3
Depreciation and amortisation
382
352
330
+8.4%
Share-based compensation
11.5
10.0
10.3
+14.6%
Dividends paid
213
158
150
+35.2%
Dividend per share
$0.98
$1.13
$0.86
-13.3%
Diluted shares, weighted
178m
177m
175m
+0.6%
Shares outstanding at period end
177m
176m
175m
+0.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,443
4,236
4,132
+4.9%
Non-controlling interest
1.7
4.5
4.5
-62.2%
Debt
5,576
5,884
5,659
-5.2%
Other liabilities
4,698
4,652
4,284
+1.0%
Total liabilities and equity
14,719
14,776
14,080
-0.4%
Fixed assets
11,739
11,021
10,382
+6.5%
Goodwill
1,207
1,195
1,196
+1.0%
Cash and equivalents
24.0
14.2
13.1
+68.9%
Receivables
n/a
n/a
74.3
Other assets
1,748
2,546
2,415
-31.3%
Total assets
14,719
14,776
14,080
-0.4%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.