American States Water (AWR) FY2016 results: revenue $436 million, down 4.9% on the year
American States Water Co. (AWR) reported revenue of $436 million for fiscal 2016, the year ended 31 December 2016, down 4.9% on the year before. Net income was $60 million, down 1.2%, and diluted earnings per share $1.62. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$436 million
-4.9% on the year
FY2009FY2016
Operating margin
26.2%
25.8% a year earlier
FY2009FY2016
Net income
$60 million
-1.2% on the year
FY2009FY2016
Diluted EPS
$1.62
+1.3% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
436
459
466
-4.9%
Operating income
114
118
119
-3.6%
Operating margin
26.2%
25.8%
25.6%
Interest expense
22.0
21.1
21.6
+4.3%
Pre-tax income
94.5
98.2
99.1
-3.8%
Income tax
34.7
37.7
38.0
-7.9%
Effective tax rate
36.8%
38.4%
38.4%
Net income
59.7
60.5
61.1
-1.2%
Net margin
13.7%
13.2%
13.1%
Diluted EPS
$1.62
$1.60
$1.57
+1.3%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
96.9
95.1
163
+1.9%
Capital expenditure
130
87.3
72.6
+48.7%
Free cash flow
-32.9
7.8
90.7
Free cash flow margin
-7.5%
1.7%
19.5%
Cash from investing
-131
-90.1
-74.1
Cash from financing
30.3
-76.6
-51.4
Depreciation and amortisation
38.9
42.0
41.1
-7.6%
Share-based compensation
2.5
2.8
2.2
-7.8%
Buybacks
0.0
72.9
17.2
Dividends paid
33.4
32.7
32.1
+2.2%
Dividend per share
$0.91
$0.87
$0.83
+4.6%
Diluted shares, weighted
37m
38m
39m
-2.3%
Shares outstanding at period end
37m
37m
38m
+0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
494
466
507
+6.1%
Debt
411
349
326
+17.8%
Other liabilities
565
529
545
+6.8%
Total liabilities and equity
1,470
1,344
1,378
+9.4%
Fixed assets
1,151
1,061
1,004
+8.5%
Goodwill
1.1
1.1
1.1
0.0%
Intangible assets
9.6
9.5
11.0
+1.1%
Cash and equivalents
0.4
4.4
76.0
-90.0%
Receivables
20.0
18.9
18.8
+5.6%
Other assets
288
249
268
+15.7%
Total assets
1,470
1,344
1,378
+9.4%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.