American Water Works (AWK) FY2019 results: revenue $3.6 billion, up 4.9% on the year
American Water Works Company, Inc. (AWK) reported revenue of $3.6 billion for fiscal 2019, the year ended 31 December 2019, up 4.9% on the year before. Net income was $621 million, up 9.5%, and diluted earnings per share $3.43. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2020.
Revenue
$3.6 billion
+4.9% on the year
FY2012FY2019
Operating margin
33.6%
32.0% a year earlier
FY2012FY2019
Net income
$621 million
+9.5% on the year
FY2012FY2019
Diluted EPS
$3.43
+8.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
3,610
3,440
3,357
+4.9%
Operating income
1,214
1,102
1,253
+10.2%
Operating margin
33.6%
32.0%
37.3%
Pre-tax income
833
787
912
+5.8%
Income tax
212
222
486
-4.5%
Effective tax rate
25.5%
28.2%
53.3%
Net income
621
567
426
+9.5%
Net margin
17.2%
16.5%
12.7%
Diluted EPS
$3.43
$3.15
$2.38
+8.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,383
1,386
1,449
-0.2%
Capital expenditure
1,654
1,586
1,434
+4.3%
Free cash flow
-271
-200
15.0
Free cash flow margin
-7.5%
-5.8%
0.4%
Cash from investing
-1,945
-2,036
-1,672
Cash from financing
494
726
207
-32.0%
Depreciation and amortisation
582
545
492
+6.8%
Share-based compensation
17.0
16.0
11.0
+6.2%
Buybacks
36.0
45.0
54.0
-20.0%
Dividends paid
353
319
289
+10.7%
Dividend per share
$2.00
$1.82
$1.66
+9.9%
Diluted shares, weighted
181m
180m
179m
+0.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
6,121
5,864
5,385
+4.4%
Debt
9,453
8,604
7,717
+9.9%
Operating lease liabilities
89.0
0.0
n/a
Other liabilities
7,019
6,755
6,380
+3.9%
Total liabilities and equity
22,682
21,223
19,482
+6.9%
Fixed assets
18,232
17,409
16,246
+4.7%
Goodwill
1,540
1,575
1,379
-2.2%
Intangible assets
67.0
84.0
9.0
-20.2%
Cash and equivalents
60.0
130
55.0
-53.8%
Receivables
294
301
272
-2.3%
Other assets
2,489
1,724
1,521
+44.4%
Total assets
22,682
21,223
19,482
+6.9%
10-K for the year ended 31 December 2019, filed 18 February 2020: the filing.