American Water Works (AWK) FY2020 results: revenue $3.8 billion, up 4.6% on the year
American Water Works Company, Inc. (AWK) reported revenue of $3.8 billion for fiscal 2020, the year ended 31 December 2020, up 4.6% on the year before. Net income was $709 million, up 14.2%, and diluted earnings per share $3.91. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$3.8 billion
+4.6% on the year
FY2013FY2020
Operating margin
33.0%
33.6% a year earlier
FY2013FY2020
Net income
$709 million
+14.2% on the year
FY2013FY2020
Diluted EPS
$3.91
+14.0% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
3,777
3,610
3,440
+4.6%
Operating income
1,248
1,214
1,102
+2.8%
Operating margin
33.0%
33.6%
32.0%
Pre-tax income
924
833
787
+10.9%
Income tax
215
212
222
+1.4%
Effective tax rate
23.3%
25.5%
28.2%
Net income
709
621
567
+14.2%
Net margin
18.8%
17.2%
16.5%
Diluted EPS
$3.91
$3.43
$3.15
+14.0%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,426
1,383
1,386
+3.1%
Capital expenditure
1,822
1,654
1,586
+10.2%
Free cash flow
-396
-271
-200
Free cash flow margin
-10.5%
-7.5%
-5.8%
Cash from investing
-2,061
-1,945
-2,036
Cash from financing
1,120
494
726
+126.7%
Depreciation and amortisation
604
582
545
+3.8%
Share-based compensation
21.0
17.0
16.0
+23.5%
Buybacks
0.0
36.0
45.0
Dividends paid
389
353
319
+10.2%
Dividend per share
$2.20
$2.00
$1.82
+10.0%
Diluted shares, weighted
182m
181m
180m
+0.6%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
6,454
6,121
5,864
+5.4%
Debt
10,940
9,453
8,604
+15.7%
Operating lease liabilities
81.0
89.0
0.0
-9.0%
Other liabilities
7,291
7,019
6,755
+3.9%
Total liabilities and equity
24,766
22,682
21,223
+9.2%
Fixed assets
19,710
18,232
17,409
+8.1%
Goodwill
1,504
1,540
1,575
-2.3%
Intangible assets
n/a
67.0
84.0
Cash and equivalents
547
60.0
130
+811.7%
Receivables
321
294
301
+9.2%
Other assets
2,684
2,489
1,724
+7.8%
Total assets
24,766
22,682
21,223
+9.2%
10-K for the year ended 31 December 2020, filed 24 February 2021: the filing.