American States Water (AWR) FY2018 results: revenue $437 million, down 0.9% on the year
American States Water Co. (AWR) reported revenue of $437 million for fiscal 2018, the year ended 31 December 2018, down 0.9% on the year before. Net income was $64 million, down 7.9%, and diluted earnings per share $1.72. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$437 million
-0.9% on the year
FY2011FY2018
Operating margin
23.1%
28.8% a year earlier
FY2011FY2018
Net income
$64 million
-7.9% on the year
FY2011FY2018
Diluted EPS
$1.72
-8.5% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
437
441
436
-0.9%
Cost of revenue
53.9
49.8
n/a
+8.2%
Gross profit
383
391
n/a
-2.0%
Gross margin
87.7%
88.7%
n/a
Operating income
101
127
114
-20.5%
Operating margin
23.1%
28.8%
26.2%
Interest expense
23.4
22.6
22.0
+3.8%
Pre-tax income
81.9
108
94.5
-24.4%
Income tax
18.0
39.0
34.7
-53.8%
Effective tax rate
22.0%
36.0%
36.8%
Net income
63.9
69.4
59.7
-7.9%
Net margin
14.6%
15.7%
13.7%
Diluted EPS
$1.72
$1.88
$1.62
-8.5%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
137
145
96.9
-5.4%
Capital expenditure
127
113
130
+11.9%
Free cash flow
10.2
31.4
-32.9
-67.5%
Free cash flow margin
2.3%
7.1%
-7.5%
Cash from investing
-128
-80.0
-131
Cash from financing
-1.8
-64.7
30.3
Depreciation and amortisation
40.4
39.0
38.9
+3.6%
Share-based compensation
3.9
2.9
2.5
+33.5%
Buybacks
n/a
0.0
0.0
Dividends paid
38.9
36.4
33.4
+6.9%
Dividend per share
$1.06
$0.99
$0.91
+6.6%
Diluted shares, weighted
37m
37m
37m
+0.2%
Shares outstanding at period end
37m
37m
37m
+0.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
558
530
494
+5.3%
Debt
417
380
411
+9.6%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
526
506
565
+3.9%
Total liabilities and equity
1,501
1,417
1,470
+6.0%
Fixed assets
1,296
1,205
1,151
+7.6%
Goodwill
1.1
1.1
1.1
0.0%
Intangible assets
6.4
7.9
9.6
-18.3%
Cash and equivalents
7.1
0.2
0.4
+3,236.9%
Receivables
23.4
26.1
20.0
-10.5%
Other assets
167
176
288
-5.3%
Total assets
1,501
1,417
1,470
+6.0%
10-K for the year ended 31 December 2018, filed 25 February 2019: the filing.