American Water Works (AWK) FY2018 results: revenue $3.4 billion, up 2.5% on the year
American Water Works Company, Inc. (AWK) reported revenue of $3.4 billion for fiscal 2018, the year ended 31 December 2018, up 2.5% on the year before. Net income was $567 million, up 33.1%, and diluted earnings per share $3.15. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2019.
Revenue
$3.4 billion
+2.5% on the year
FY2011FY2018
Operating margin
32.0%
37.3% a year earlier
FY2011FY2018
Net income
$567 million
+33.1% on the year
FY2011FY2018
Diluted EPS
$3.15
+32.4% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
3,440
3,357
3,302
+2.5%
Operating income
1,102
1,253
1,085
-12.1%
Operating margin
32.0%
37.3%
32.9%
Pre-tax income
787
912
770
-13.7%
Income tax
222
486
302
-54.3%
Effective tax rate
28.2%
53.3%
39.2%
Net income
567
426
468
+33.1%
Net margin
16.5%
12.7%
14.2%
Diluted EPS
$3.15
$2.38
$2.62
+32.4%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,386
1,449
1,289
-4.3%
Capital expenditure
1,586
1,434
1,311
+10.6%
Free cash flow
-200
15.0
-22.0
Free cash flow margin
-5.8%
0.4%
-0.7%
Cash from investing
-2,036
-1,672
-1,587
Cash from financing
726
207
328
+250.7%
Depreciation and amortisation
545
492
470
+10.8%
Share-based compensation
16.0
11.0
11.0
+45.5%
Buybacks
45.0
54.0
65.0
-16.7%
Dividends paid
319
289
261
+10.4%
Dividend per share
$1.82
$1.66
$1.50
+9.6%
Diluted shares, weighted
180m
179m
179m
+0.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
5,864
5,385
5,218
+8.9%
Debt
8,604
7,717
7,172
+11.5%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
6,755
6,380
6,092
+5.9%
Total liabilities and equity
21,223
19,482
18,482
+8.9%
Fixed assets
17,409
16,246
14,992
+7.2%
Goodwill
1,575
1,379
1,345
+14.2%
Intangible assets
84.0
9.0
n/a
+833.3%
Cash and equivalents
130
55.0
75.0
+136.4%
Receivables
301
272
269
+10.7%
Other assets
1,724
1,521
1,801
+13.3%
Total assets
21,223
19,482
18,482
+8.9%
10-K for the year ended 31 December 2018, filed 19 February 2019: the filing.