American States Water (AWR) FY2017 results: revenue $441 million, up 1.0% on the year
American States Water Co. (AWR) reported revenue of $441 million for fiscal 2017, the year ended 31 December 2017, up 1.0% on the year before. Net income was $69 million, up 16.1%, and diluted earnings per share $1.88. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2020.
Revenue
$441 million
+1.0% on the year
FY2010FY2017
Operating margin
28.8%
26.2% a year earlier
FY2010FY2017
Net income
$69 million
+16.1% on the year
FY2010FY2017
Diluted EPS
$1.88
+16.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
441
436
459
+1.0%
Cost of revenue
49.8
n/a
n/a
Gross profit
391
n/a
n/a
Gross margin
88.7%
n/a
n/a
Operating income
127
114
118
+11.3%
Operating margin
28.8%
26.2%
25.8%
Interest expense
22.6
22.0
21.1
+2.7%
Pre-tax income
108
94.5
98.2
+14.7%
Income tax
39.0
34.7
37.7
+12.2%
Effective tax rate
36.0%
36.8%
38.4%
Net income
69.4
59.7
60.5
+16.1%
Net margin
15.7%
13.7%
13.2%
Diluted EPS
$1.88
$1.62
$1.60
+16.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
145
96.9
95.1
+49.1%
Capital expenditure
113
130
87.3
-12.9%
Free cash flow
31.4
-32.9
7.8
Free cash flow margin
7.1%
-7.5%
1.7%
Cash from investing
-80.0
-131
-90.1
Cash from financing
-64.7
30.3
-76.6
Depreciation and amortisation
39.0
38.9
42.0
+0.5%
Share-based compensation
2.9
2.5
2.8
+13.7%
Buybacks
0.0
0.0
72.9
Dividends paid
36.4
33.4
32.7
+9.0%
Dividend per share
$0.99
$0.91
$0.87
+8.8%
Diluted shares, weighted
37m
37m
38m
+0.3%
Shares outstanding at period end
37m
37m
37m
0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
530
494
466
+7.2%
Debt
380
411
349
-7.5%
Other liabilities
506
565
529
-10.3%
Total liabilities and equity
1,417
1,470
1,344
-3.7%
Fixed assets
1,205
1,151
1,061
+4.7%
Goodwill
1.1
1.1
1.1
0.0%
Intangible assets
7.9
9.6
9.5
-17.9%
Cash and equivalents
0.2
0.4
4.4
-50.9%
Receivables
26.1
20.0
18.9
+30.7%
Other assets
176
288
249
-38.8%
Total assets
1,417
1,470
1,344
-3.7%
10-K for the year ended 31 December 2017, filed 24 February 2020: the filing.