American States Water (AWR) FY2015 results: revenue $459 million, down 1.5% on the year
American States Water Co. (AWR) reported revenue of $459 million for fiscal 2015, the year ended 31 December 2015, down 1.5% on the year before. Net income was $60 million, down 0.9%, and diluted earnings per share $1.60. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$459 million
-1.5% on the year
FY2009FY2015
Operating margin
25.8%
25.6% a year earlier
FY2009FY2015
Net income
$60 million
-0.9% on the year
FY2009FY2015
Diluted EPS
$1.60
+1.9% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
459
466
472
-1.5%
Operating income
118
119
119
-0.5%
Operating margin
25.8%
25.6%
25.2%
Interest expense
21.1
21.6
22.4
-2.4%
Pre-tax income
98.2
99.1
98.5
-0.9%
Income tax
37.7
38.0
35.8
-0.8%
Effective tax rate
38.4%
38.4%
36.3%
Net income
60.5
61.1
62.7
-0.9%
Net margin
13.2%
13.1%
13.3%
Diluted EPS
$1.60
$1.57
$1.61
+1.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
95.1
163
136
-41.7%
Capital expenditure
87.3
72.6
97.4
+20.4%
Free cash flow
7.8
90.7
38.3
-91.4%
Free cash flow margin
1.7%
19.5%
8.1%
Cash from investing
-90.1
-74.1
-98.8
Cash from financing
-76.6
-51.4
-22.2
Depreciation and amortisation
42.0
41.1
40.1
+2.3%
Share-based compensation
2.8
2.2
2.0
+23.9%
Buybacks
72.9
17.2
0.0
+324.3%
Dividends paid
32.7
32.1
29.4
+1.8%
Dividend per share
$0.87
$0.83
$0.76
+5.2%
Diluted shares, weighted
38m
39m
39m
-3.3%
Shares outstanding at period end
37m
38m
39m
-4.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
466
507
492
-8.1%
Debt
349
326
332
+7.1%
Other liabilities
529
545
485
-3.0%
Total liabilities and equity
1,344
1,378
1,310
-2.5%
Fixed assets
1,061
1,004
981
+5.7%
Goodwill
1.1
1.1
1.1
0.0%
Intangible assets
9.5
11.0
12.9
-14.0%
Cash and equivalents
4.4
76.0
38.2
-94.3%
Receivables
18.9
18.8
23.8
+0.7%
Other assets
249
268
253
-6.9%
Total assets
1,344
1,378
1,310
-2.5%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.