American States Water (AWR) FY2020 results: revenue $488 million, up 3.0% on the year
American States Water Co. (AWR) reported revenue of $488 million for fiscal 2020, the year ended 31 December 2020, up 3.0% on the year before. Net income was $86 million, up 2.5%, and diluted earnings per share $2.33. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$488 million
+3.0% on the year
FY2013FY2020
Operating margin
26.7%
26.8% a year earlier
FY2013FY2020
Net income
$86 million
+2.5% on the year
FY2013FY2020
Diluted EPS
$2.33
+2.2% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
488
474
437
+3.0%
Cost of revenue
62.4
55.7
53.9
+12.1%
Gross profit
426
418
383
+1.8%
Gross margin
87.2%
88.3%
87.7%
Operating income
130
127
101
+2.7%
Operating margin
26.7%
26.8%
23.1%
Interest expense
22.5
24.6
23.4
-8.4%
Pre-tax income
n/a
n/a
81.9
Income tax
28.2
24.7
18.0
+14.3%
Effective tax rate
n/a
n/a
22.0%
Net income
86.4
84.3
63.9
+2.5%
Net margin
17.7%
17.8%
14.6%
Diluted EPS
$2.33
$2.28
$1.72
+2.2%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
122
117
137
+4.5%
Capital expenditure
130
152
127
-14.2%
Free cash flow
-8.3
-35.1
10.2
Free cash flow margin
-1.7%
-7.4%
2.3%
Cash from investing
-132
-153
-128
Cash from financing
44.8
30.5
-1.8
+46.9%
Depreciation and amortisation
36.9
35.4
40.4
+4.1%
Share-based compensation
2.5
2.5
3.9
-2.1%
Dividends paid
47.2
42.7
38.9
+10.5%
Dividend per share
$1.28
$1.16
$1.06
+10.3%
Diluted shares, weighted
37m
37m
37m
+0.1%
Shares outstanding at period end
37m
37m
37m
+0.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
642
602
558
+6.7%
Debt
575
486
417
+18.2%
Operating lease liabilities
9.6
11.7
0.0
-17.9%
Other liabilities
565
542
526
+4.4%
Total liabilities and equity
1,792
1,641
1,501
+9.2%
Fixed assets
1,512
1,416
1,296
+6.8%
Goodwill
1.1
1.1
1.1
0.0%
Intangible assets
5.9
5.7
6.4
+3.2%
Cash and equivalents
36.7
1.3
7.1
+2,653.9%
Receivables
29.2
20.9
23.4
+39.5%
Other assets
207
197
167
+5.1%
Total assets
1,792
1,641
1,501
+9.2%
10-K for the year ended 31 December 2020, filed 22 February 2021: the filing.