American Water Works (AWK) FY2016 results: revenue $3.3 billion, up 4.5% on the year
American Water Works Company, Inc. (AWK) reported revenue of $3.3 billion for fiscal 2016, the year ended 31 December 2016, up 4.5% on the year before. Net income was $468 million, down 1.7%, and diluted earnings per share $2.62. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2017.
Revenue
$3.3 billion
+4.5% on the year
FY2009FY2016
Operating margin
32.9%
34.0% a year earlier
FY2009FY2016
Net income
$468 million
-1.7% on the year
FY2009FY2016
Diluted EPS
$2.62
-0.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,302
3,159
3,011
+4.5%
Operating income
1,085
1,075
1,003
+0.9%
Operating margin
32.9%
34.0%
33.3%
Interest expense
n/a
n/a
298
Pre-tax income
770
782
710
-1.5%
Income tax
302
306
280
-1.3%
Effective tax rate
39.2%
39.1%
39.4%
Net income
468
476
423
-1.7%
Net margin
14.2%
15.1%
14.1%
Diluted EPS
$2.62
$2.64
$2.35
-0.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,289
1,195
1,097
+7.9%
Capital expenditure
1,311
1,160
956
+13.0%
Free cash flow
-22.0
35.0
141
Free cash flow margin
-0.7%
1.1%
4.7%
Cash from investing
-1,587
-1,459
-1,014
Cash from financing
328
290
-87.0
+13.1%
Depreciation and amortisation
470
440
424
+6.8%
Share-based compensation
11.0
11.0
13.0
0.0%
Buybacks
65.0
126
n/a
-48.4%
Dividends paid
261
239
216
+9.2%
Dividend per share
$1.50
$1.36
$1.24
+10.3%
Diluted shares, weighted
179m
180m
180m
-0.6%
Shares outstanding at period end
n/a
181m
179m
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
5,218
5,049
4,916
+3.3%
Debt
7,172
6,544
5,938
+9.6%
Other liabilities
6,092
5,648
5,184
+7.9%
Total liabilities and equity
18,482
17,241
16,038
+7.2%
Fixed assets
14,992
13,933
13,029
+7.6%
Goodwill
1,345
1,302
1,208
+3.3%
Cash and equivalents
75.0
45.0
23.0
+66.7%
Receivables
269
255
232
+5.5%
Other assets
1,801
1,706
1,546
+5.6%
Total assets
18,482
17,241
16,038
+7.2%
10-K for the year ended 31 December 2016, filed 21 February 2017: the filing.