American Water Works (AWK) FY2014 results: revenue $3.0 billion, up 4.6% on the year
American Water Works Company, Inc. (AWK) reported revenue of $3.0 billion for fiscal 2014, the year ended 31 December 2014, up 4.6% on the year before. Net income was $423 million, up 14.6%, and diluted earnings per share $2.35. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2015.
Revenue
$3.0 billion
+4.6% on the year
FY2008FY2014
Operating margin
33.3%
32.9% a year earlier
FY2008FY2014
Net income
$423 million
+14.6% on the year
FY2008FY2014
Diluted EPS
$2.35
+14.1% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
3,011
2,879
2,854
+4.6%
Operating income
1,003
948
925
+5.8%
Operating margin
33.3%
32.9%
32.4%
Interest expense
298
308
311
-3.4%
Pre-tax income
710
608
631
+16.8%
Income tax
280
237
257
+18.1%
Effective tax rate
39.4%
39.0%
40.7%
Net income
423
369
358
+14.6%
Net margin
14.1%
12.8%
12.5%
Diluted EPS
$2.35
$2.06
$2.01
+14.1%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,097
896
956
+22.4%
Capital expenditure
956
980
929
-2.5%
Free cash flow
141
-84.1
27.0
Free cash flow margin
4.7%
-2.9%
0.9%
Cash from investing
-1,014
-1,053
-382
Cash from financing
-87.0
160
-563
Depreciation and amortisation
424
408
382
+4.0%
Share-based compensation
13.0
12.5
11.5
+4.6%
Dividends paid
216
149
213
+45.2%
Dividend per share
$1.24
$1.12
$0.98
+10.7%
Diluted shares, weighted
180m
179m
178m
+0.4%
Shares outstanding at period end
179m
178m
177m
+0.6%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
4,916
4,728
4,443
+4.0%
Non-controlling interest
n/a
0.0
1.7
Debt
5,938
5,857
5,576
+1.4%
Other liabilities
5,184
4,484
4,698
+15.6%
Total liabilities and equity
16,038
15,070
14,719
+6.4%
Fixed assets
13,029
12,391
11,739
+5.1%
Goodwill
1,208
1,208
1,207
+0.0%
Cash and equivalents
23.0
27.0
24.0
-14.7%
Receivables
232
n/a
n/a
Other assets
1,546
1,444
1,748
+7.1%
Total assets
16,038
15,070
14,719
+6.4%
10-K for the year ended 31 December 2014, filed 25 February 2015: the filing.