American Water Works (AWK) FY2022 results: revenue $3.8 billion, down 3.5% on the year
American Water Works Company, Inc. (AWK) reported revenue of $3.8 billion for fiscal 2022, the year ended 31 December 2022, down 3.5% on the year before. Net income was $820 million, down 35.1%, and diluted earnings per share $4.51. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$3.8 billion
-3.5% on the year
FY2015FY2022
Operating margin
33.6%
30.4% a year earlier
FY2015FY2022
Net income
$820 million
-35.1% on the year
FY2015FY2022
Diluted EPS
$4.51
-35.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,108
1,441
1,426
-23.1%
Capital expenditure
2,297
1,764
1,822
+30.2%
Free cash flow
-1,189
-323
-396
Free cash flow margin
-31.4%
-8.2%
-10.5%
Cash from investing
-2,127
-1,536
-2,061
Cash from financing
1,000
-345
1,120
Depreciation and amortisation
649
636
604
+2.0%
Share-based compensation
28.0
17.0
21.0
+64.7%
Buybacks
n/a
0.0
0.0
Dividends paid
467
428
389
+9.1%
Dividend per share
$2.62
$2.41
$2.20
+8.7%
Diluted shares, weighted
182m
182m
182m
0.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,693
7,298
6,454
+5.4%
Debt
12,382
10,982
10,940
+12.7%
Operating lease liabilities
70.0
80.0
81.0
-12.5%
Other liabilities
7,642
7,715
7,291
-0.9%
Total liabilities and equity
27,787
26,075
24,766
+6.6%
Fixed assets
n/a
n/a
19,710
Goodwill
1,143
1,139
1,504
+0.4%
Cash and equivalents
85.0
116
547
-26.7%
Receivables
334
271
321
+23.2%
Other assets
26,225
24,549
2,684
+6.8%
Total assets
27,787
26,075
24,766
+6.6%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.