American States Water (AWR) FY2013 results: revenue $472 million, up 1.1% on the year
American States Water Co. (AWR) reported revenue of $472 million for fiscal 2013, the year ended 31 December 2013, up 1.1% on the year before. Net income was $63 million, up 15.8%, and diluted earnings per share $1.61. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$472 million
+1.1% on the year
FY2009FY2013
Operating margin
25.2%
23.8% a year earlier
FY2009FY2013
Net income
$63 million
+15.8% on the year
FY2009FY2013
Diluted EPS
$1.61
+14.2% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
472
467
419
+1.1%
Operating income
119
111
95.1
+7.2%
Operating margin
25.2%
23.8%
22.7%
Interest expense
22.4
22.8
23.7
-1.5%
Pre-tax income
98.5
90.1
72.1
+9.3%
Income tax
35.8
35.9
30.1
-0.5%
Effective tax rate
36.3%
39.9%
41.7%
Net income
62.7
54.1
45.9
+15.8%
Net margin
13.3%
11.6%
10.9%
Diluted EPS
$1.61
$1.41
$1.22
+14.2%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
136
101
80.2
+33.7%
Capital expenditure
97.4
68.1
80.3
+43.0%
Free cash flow
38.3
33.4
-0.1
+14.8%
Free cash flow margin
8.1%
7.2%
-0.0%
Cash from investing
-98.8
-68.0
-50.5
Cash from financing
-22.2
-11.3
-32.5
Depreciation and amortisation
40.1
41.4
38.3
-3.1%
Share-based compensation
2.0
1.9
1.5
+4.0%
Buybacks
0.0
0.0
n/a
Dividends paid
29.4
24.1
20.6
+21.7%
Dividend per share
$0.76
$0.64
$0.55
+19.7%
Diluted shares, weighted
39m
38m
38m
+1.6%
Shares outstanding at period end
39m
38m
38m
+0.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
492
455
409
+8.3%
Debt
332
336
343
-1.0%
Other liabilities
485
491
487
-1.1%
Total liabilities and equity
1,310
1,281
1,238
+2.3%
Fixed assets
981
918
896
+6.9%
Goodwill
1.1
1.1
1.1
0.0%
Intangible assets
12.9
14.4
15.9
-10.7%
Cash and equivalents
38.2
23.5
1.3
+62.8%
Receivables
23.8
19.5
19.3
+22.3%
Other assets
253
305
304
-17.1%
Total assets
1,310
1,281
1,238
+2.3%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.