American Water Works (AWK) FY2023 results: revenue $4.2 billion, up 11.7% on the year
American Water Works Company, Inc. (AWK) reported revenue of $4.2 billion for fiscal 2023, the year ended 31 December 2023, up 11.7% on the year before. Net income was $944 million, up 15.1%, and diluted earnings per share $4.90. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2024.
Revenue
$4.2 billion
+11.7% on the year
FY2016FY2023
Operating margin
35.5%
33.6% a year earlier
FY2016FY2023
Net income
$944 million
+15.1% on the year
FY2016FY2023
Diluted EPS
$4.90
+8.6% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,874
1,108
1,441
+69.1%
Capital expenditure
2,575
2,297
1,764
+12.1%
Free cash flow
-701
-1,189
-323
Free cash flow margin
-16.6%
-31.4%
-8.2%
Cash from investing
-2,815
-2,127
-1,536
Cash from financing
1,188
1,000
-345
+18.8%
Depreciation and amortisation
704
649
636
+8.5%
Share-based compensation
25.0
28.0
17.0
-10.7%
Buybacks
n/a
n/a
0.0
Dividends paid
532
467
428
+13.9%
Dividend per share
$2.83
$2.62
$2.41
+8.0%
Diluted shares, weighted
193m
182m
182m
+6.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
9,797
7,693
7,298
+27.3%
Debt
12,369
12,382
10,982
-0.1%
Operating lease liabilities
73.0
70.0
80.0
+4.3%
Other liabilities
8,059
7,642
7,715
+5.5%
Total liabilities and equity
30,298
27,787
26,075
+9.0%
Goodwill
1,143
1,143
1,139
0.0%
Cash and equivalents
330
85.0
116
+288.2%
Receivables
339
334
271
+1.5%
Other assets
28,486
26,225
24,549
+8.6%
Total assets
30,298
27,787
26,075
+9.0%
10-K for the year ended 31 December 2023, filed 14 February 2024: the filing.