American States Water (AWR) FY2014 results: revenue $466 million, down 1.3% on the year
American States Water Co. (AWR) reported revenue of $466 million for fiscal 2014, the year ended 31 December 2014, down 1.3% on the year before. Net income was $61 million, down 2.6%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2015.
Revenue
$466 million
-1.3% on the year
FY2009FY2014
Operating margin
25.6%
25.2% a year earlier
FY2009FY2014
Net income
$61 million
-2.6% on the year
FY2009FY2014
Diluted EPS
$1.57
-2.5% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
466
472
467
-1.3%
Operating income
119
119
111
-0.0%
Operating margin
25.6%
25.2%
23.8%
Interest expense
21.6
22.4
22.8
-3.6%
Pre-tax income
99.1
98.5
90.1
+0.6%
Income tax
38.0
35.8
35.9
+6.3%
Effective tax rate
38.4%
36.3%
39.9%
Net income
61.1
62.7
54.1
-2.6%
Net margin
13.1%
13.3%
11.6%
Diluted EPS
$1.57
$1.61
$1.41
-2.5%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
163
136
101
+20.3%
Capital expenditure
72.6
97.4
68.1
-25.5%
Free cash flow
90.7
38.3
33.4
+136.7%
Free cash flow margin
19.5%
8.1%
7.2%
Cash from investing
-74.1
-98.8
-68.0
Cash from financing
-51.4
-22.2
-11.3
Depreciation and amortisation
41.1
40.1
41.4
+2.5%
Share-based compensation
2.2
2.0
1.9
+10.6%
Buybacks
17.2
0.0
0.0
Dividends paid
32.1
29.4
24.1
+9.4%
Dividend per share
$0.83
$0.76
$0.64
+9.3%
Diluted shares, weighted
39m
39m
38m
+0.0%
Shares outstanding at period end
38m
39m
38m
-1.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
507
492
455
+2.9%
Debt
326
332
336
-1.9%
Other liabilities
545
485
491
+12.4%
Total liabilities and equity
1,378
1,310
1,281
+5.2%
Fixed assets
1,004
981
918
+2.2%
Goodwill
1.1
1.1
1.1
0.0%
Intangible assets
11.0
12.9
14.4
-14.5%
Cash and equivalents
76.0
38.2
23.5
+98.8%
Receivables
18.8
23.8
19.5
-21.0%
Other assets
268
253
305
+6.0%
Total assets
1,378
1,310
1,281
+5.2%
10-K for the year ended 31 December 2014, filed 25 February 2015: the filing.