American Water Works (AWK) FY2013 results: revenue $2.9 billion, up 0.9% on the year
American Water Works Company, Inc. (AWK) reported revenue of $2.9 billion for fiscal 2013, the year ended 31 December 2013, up 0.9% on the year before. Net income was $369 million, up 3.1%, and diluted earnings per share $2.06. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$2.9 billion
+0.9% on the year
FY2008FY2013
Operating margin
32.9%
32.4% a year earlier
FY2008FY2013
Net income
$369 million
+3.1% on the year
FY2008FY2013
Diluted EPS
$2.06
+2.5% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,879
2,854
2,666
+0.9%
Operating income
948
925
803
+2.5%
Operating margin
32.9%
32.4%
30.1%
Interest expense
308
311
312
-0.8%
Pre-tax income
608
631
504
-3.7%
Income tax
237
257
199
-7.8%
Effective tax rate
39.0%
40.7%
39.5%
Net income
369
358
310
+3.1%
Net margin
12.8%
12.5%
11.6%
Diluted EPS
$2.06
$2.01
$1.75
+2.5%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
896
956
808
-6.2%
Capital expenditure
980
929
925
+5.6%
Free cash flow
-84.1
27.0
-117
Free cash flow margin
-2.9%
0.9%
-4.4%
Cash from investing
-1,053
-382
-912
Cash from financing
160
-563
105
Depreciation and amortisation
408
382
352
+6.9%
Share-based compensation
12.5
11.5
10.0
+8.8%
Dividends paid
149
213
158
-30.2%
Dividend per share
$1.12
$0.98
$1.13
+14.3%
Diluted shares, weighted
179m
178m
177m
+0.8%
Shares outstanding at period end
178m
177m
176m
+0.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
4,728
4,443
4,236
+6.4%
Non-controlling interest
0.0
1.7
4.5
Debt
5,857
5,576
5,884
+5.0%
Other liabilities
4,484
4,698
4,652
-4.5%
Total liabilities and equity
15,070
14,719
14,776
+2.4%
Fixed assets
12,391
11,739
11,021
+5.6%
Goodwill
1,208
1,207
1,195
+0.0%
Cash and equivalents
27.0
24.0
14.2
+12.3%
Other assets
1,444
1,748
2,546
-17.4%
Total assets
15,070
14,719
14,776
+2.4%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.