American Water Works (AWK) FY2021 results: revenue $3.9 billion, up 4.1% on the year
American Water Works Company, Inc. (AWK) reported revenue of $3.9 billion for fiscal 2021, the year ended 31 December 2021, up 4.1% on the year before. Net income was $1.3 billion, up 78.1%, and diluted earnings per share $6.95. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$3.9 billion
+4.1% on the year
FY2014FY2021
Operating margin
30.4%
33.0% a year earlier
FY2014FY2021
Net income
$1.3 billion
+78.1% on the year
FY2014FY2021
Diluted EPS
$6.95
+77.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,441
1,426
1,383
+1.1%
Capital expenditure
1,764
1,822
1,654
-3.2%
Free cash flow
-323
-396
-271
Free cash flow margin
-8.2%
-10.5%
-7.5%
Cash from investing
-1,536
-2,061
-1,945
Cash from financing
-345
1,120
494
Depreciation and amortisation
636
604
582
+5.3%
Share-based compensation
17.0
21.0
17.0
-19.0%
Buybacks
0.0
0.0
36.0
Dividends paid
428
389
353
+10.0%
Dividend per share
$2.41
$2.20
$2.00
+9.5%
Diluted shares, weighted
182m
182m
181m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
7,298
6,454
6,121
+13.1%
Debt
10,982
10,940
9,453
+0.4%
Operating lease liabilities
80.0
81.0
89.0
-1.2%
Other liabilities
7,715
7,291
7,019
+5.8%
Total liabilities and equity
26,075
24,766
22,682
+5.3%
Fixed assets
n/a
19,710
18,232
Goodwill
1,139
1,504
1,540
-24.3%
Intangible assets
n/a
n/a
67.0
Cash and equivalents
116
547
60.0
-78.8%
Receivables
271
321
294
-15.6%
Other assets
24,549
2,684
2,489
+814.6%
Total assets
26,075
24,766
22,682
+5.3%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.