American Water Works (AWK) FY2015 results: revenue $3.2 billion, up 4.9% on the year
American Water Works Company, Inc. (AWK) reported revenue of $3.2 billion for fiscal 2015, the year ended 31 December 2015, up 4.9% on the year before. Net income was $476 million, up 12.5%, and diluted earnings per share $2.64. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$3.2 billion
+4.9% on the year
FY2008FY2015
Operating margin
34.0%
33.3% a year earlier
FY2008FY2015
Net income
$476 million
+12.5% on the year
FY2008FY2015
Diluted EPS
$2.64
+12.3% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,159
3,011
2,879
+4.9%
Operating income
1,075
1,003
948
+7.2%
Operating margin
34.0%
33.3%
32.9%
Interest expense
n/a
298
308
Pre-tax income
782
710
608
+10.1%
Income tax
306
280
237
+9.3%
Effective tax rate
39.1%
39.4%
39.0%
Net income
476
423
369
+12.5%
Net margin
15.1%
14.1%
12.8%
Diluted EPS
$2.64
$2.35
$2.06
+12.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,195
1,097
896
+8.9%
Capital expenditure
1,160
956
980
+21.3%
Free cash flow
35.0
141
-84.1
-75.2%
Free cash flow margin
1.1%
4.7%
-2.9%
Cash from investing
-1,459
-1,014
-1,053
Cash from financing
290
-87.0
160
Depreciation and amortisation
440
424
408
+3.8%
Share-based compensation
11.0
13.0
12.5
-15.7%
Buybacks
126
n/a
n/a
Dividends paid
239
216
149
+10.5%
Dividend per share
$1.36
$1.24
$1.12
+9.7%
Diluted shares, weighted
180m
180m
179m
+0.1%
Shares outstanding at period end
181m
179m
178m
+0.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,049
4,916
4,728
+2.7%
Non-controlling interest
n/a
n/a
0.0
Debt
6,544
5,938
5,857
+10.2%
Other liabilities
5,648
5,184
4,484
+8.9%
Total liabilities and equity
17,241
16,038
15,070
+7.5%
Fixed assets
13,933
13,029
12,391
+6.9%
Goodwill
1,302
1,208
1,208
+7.8%
Cash and equivalents
45.0
23.0
27.0
+95.7%
Receivables
255
232
n/a
+9.9%
Other assets
1,706
1,546
1,444
+10.4%
Total assets
17,241
16,038
15,070
+7.5%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.