American Water Works (AWK) FY2017 results: revenue $3.4 billion, up 1.7% on the year
American Water Works Company, Inc. (AWK) reported revenue of $3.4 billion for fiscal 2017, the year ended 31 December 2017, up 1.7% on the year before. Net income was $426 million, down 9.0%, and diluted earnings per share $2.38. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2018.
Revenue
$3.4 billion
+1.7% on the year
FY2010FY2017
Operating margin
37.3%
32.9% a year earlier
FY2010FY2017
Net income
$426 million
-9.0% on the year
FY2010FY2017
Diluted EPS
$2.38
-9.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,357
3,302
3,159
+1.7%
Operating income
1,253
1,085
1,075
+15.5%
Operating margin
37.3%
32.9%
34.0%
Pre-tax income
912
770
782
+18.4%
Income tax
486
302
306
+60.9%
Effective tax rate
53.3%
39.2%
39.1%
Net income
426
468
476
-9.0%
Net margin
12.7%
14.2%
15.1%
Diluted EPS
$2.38
$2.62
$2.64
-9.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,449
1,289
1,195
+12.4%
Capital expenditure
1,434
1,311
1,160
+9.4%
Free cash flow
15.0
-22.0
35.0
Free cash flow margin
0.4%
-0.7%
1.1%
Cash from investing
-1,672
-1,587
-1,459
Cash from financing
207
328
290
-36.9%
Depreciation and amortisation
492
470
440
+4.7%
Share-based compensation
11.0
11.0
11.0
0.0%
Buybacks
54.0
65.0
126
-16.9%
Dividends paid
289
261
239
+10.7%
Dividend per share
$1.66
$1.50
$1.36
+10.7%
Diluted shares, weighted
179m
179m
180m
0.0%
Shares outstanding at period end
n/a
n/a
181m
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
5,385
5,218
5,049
+3.2%
Debt
7,717
7,172
6,544
+7.6%
Other liabilities
6,380
6,092
5,648
+4.7%
Total liabilities and equity
19,482
18,482
17,241
+5.4%
Fixed assets
16,246
14,992
13,933
+8.4%
Goodwill
1,379
1,345
1,302
+2.5%
Intangible assets
9.0
n/a
n/a
Cash and equivalents
55.0
75.0
45.0
-26.7%
Receivables
272
269
255
+1.1%
Other assets
1,521
1,801
1,706
-15.5%
Total assets
19,482
18,482
17,241
+5.4%
10-K for the year ended 31 December 2017, filed 20 February 2018: the filing.