American Water Works Company, Inc. (AWK) Financial Statements (2023 and earlier)
Company Profile
Business Address |
1 WATER STREET CAMDEN, NJ 08102-1658 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 4941 - Water Supply (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 85 | 116 | 547 | 60 | 130 | 55 | |||
Cash and cash equivalents | 85 | 116 | 547 | 60 | 130 | 55 | |||
Restricted cash and investments | 32 | 20 | 29 | 31 | 28 | 27 | |||
Receivables | 723 | 519 | 527 | 466 | 487 | 484 | |||
Disposal group, including discontinued operation | 12 | 14 | |||||||
Other current assets | 312 | 159 | 127 | 118 | 95 | 113 | |||
Other undisclosed current assets | 98 | 740 | 664 | 596 | 41 | 41 | |||
Total current assets: | 1,250 | 1,554 | 1,906 | 1,285 | 781 | 720 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 145 | 146 | ✕ | ✕ | |||||
Property, plant and equipment | 19,710 | 18,232 | 17,409 | 16,246 | |||||
Regulated entity, other noncurrent assets | 3,314 | 3,437 | 3,150 | 3,165 | 3,033 | 2,516 | |||
Other undisclosed noncurrent assets | 23,078 | 20,938 | |||||||
Total noncurrent assets: | 26,537 | 24,521 | 22,860 | 21,397 | 20,442 | 18,762 | |||
TOTAL ASSETS: | 27,787 | 26,075 | 24,766 | 22,682 | 21,223 | 19,482 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 960 | 1,200 | 918 | 929 | 863 | 931 | |||
Interest and dividends payable | ✕ | ✕ | 88 | 88 | 84 | 87 | 73 | ||
Taxes payable | ✕ | ✕ | 176 | 50 | 46 | 45 | 33 | ||
Accounts payable | 254 | 235 | 189 | 203 | 175 | 195 | |||
Accrued liabilities | 706 | 701 | 591 | 596 | 556 | 630 | |||
Debt | 1,456 | 641 | 1,611 | 814 | 1,035 | 1,227 | |||
Disposal group, including discontinued operation | 83 | 14 | 24 | ||||||
Other liabilities | 255 | 217 | 215 | 174 | 196 | 167 | |||
Other undisclosed current liabilities | 140 | 123 | 104 | ||||||
Total current liabilities: | 2,811 | 2,141 | 2,881 | 2,045 | 2,094 | 2,325 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 10,926 | 10,341 | 9,329 | 8,639 | 7,569 | 6,490 | |||
Other undisclosed long-term debt and lease obligation | 10,926 | 10,261 | 9,248 | 8,550 | 7,569 | 6,490 | |||
Liabilities, other than long-term debt, including: | 2,097 | 2,349 | 4,705 | 4,517 | 4,367 | 3,998 | |||
Customer advances or deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 271 | ||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 22 | ||
Deferred revenue | 284 | 270 | 240 | ✕ | ✕ | ||||
Accumulated deferred investment tax credit | 22 | ✕ | |||||||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 1,551 | |||
Deferred income tax liabilities | 1,872 | ✕ | ✕ | ||||||
Liability, pension and other postretirement and postemployment benefits | 235 | 285 | 388 | 411 | 390 | 424 | |||
Regulatory liability | 1,590 | 1,600 | 1,770 | 1,806 | 1,907 | 1,664 | |||
Disposal group, including discontinued operation, liabilities | 69 | 67 | |||||||
Other liabilities | 202 | 180 | 83 | 78 | 78 | 66 | |||
Operating lease, liability | 70 | 80 | 81 | 89 | ✕ | ✕ | |||
Other undisclosed liabilities, other than long-term debt | 2,125 | 43 | 1,970 | ||||||
Total noncurrent liabilities: | 13,023 | 12,690 | 14,034 | 13,156 | 11,936 | 10,488 | |||
Total liabilities: | 15,834 | 14,831 | 16,915 | 15,201 | 14,030 | 12,813 | |||
Equity | |||||||||
Equity, attributable to parent | 7,693 | 7,298 | 6,454 | 6,121 | 5,864 | 5,385 | |||
Common stock | 2 | 2 | 2 | 2 | 2 | 2 | |||
Treasury stock, value | (377) | (365) | (348) | (338) | (297) | (247) | |||
Additional paid in capital | 6,824 | 6,781 | 6,747 | 6,700 | 6,657 | 6,432 | |||
Accumulated other comprehensive loss | (23) | (45) | (49) | (36) | (34) | (79) | |||
Retained earnings (accumulated deficit) | 1,267 | 925 | 102 | (207) | (464) | (723) | |||
Total equity: | 7,693 | 7,298 | 6,454 | 6,121 | 5,864 | 5,385 | |||
Other undisclosed liabilities and equity | 4,260 | 3,946 | 1,397 | 1,360 | 1,329 | 1,284 | |||
TOTAL LIABILITIES AND EQUITY: | 27,787 | 26,075 | 24,766 | 22,682 | 21,223 | 19,482 |
Income Statement (P&L) ($ in millions)
6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 3,763 | 3,914 | 3,743 | 3,587 | 3,417 | 3,357 | ||
Gross profit: | 3,763 | 3,914 | 3,743 | 3,587 | 3,417 | 3,357 | ||
Operating expenses | (2,519) | (2,734) | (2,529) | (2,440) | (2,338) | (2,113) | ||
Other undisclosed operating income | 29 | 16 | 34 | 23 | 23 | |||
Operating income: | 1,273 | 1,196 | 1,248 | 1,170 | 1,102 | 1,244 | ||
Nonoperating income (expense) | (265) | 444 | (324) | (337) | (315) | (332) | ||
Interest and debt expense | (4) | (4) | (7) | |||||
Income from continuing operations before equity method investments, income taxes: | 1,008 | 1,640 | 924 | 829 | 783 | 905 | ||
Other undisclosed income from continuing operations before income taxes | 4 | 4 | 7 | |||||
Income from continuing operations before income taxes: | 1,008 | 1,640 | 924 | 833 | 787 | 912 | ||
Income tax expense | (188) | (377) | (215) | (212) | (222) | (486) | ||
Income from continuing operations: | 820 | 1,263 | 709 | 621 | 565 | 426 | ||
Income before gain (loss) on sale of properties: | ✕ | 1,263 | 709 | 621 | 565 | 426 | ||
Net income: | 820 | 1,263 | 709 | 621 | 565 | 426 | ||
Net income attributable to noncontrolling interest | 2 | |||||||
Net income available to common stockholders, diluted: | 820 | 1,263 | 709 | 621 | 567 | 426 |
Comprehensive Income ($ in millions)
6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 820 | 1,263 | 709 | 621 | 565 | 426 | ||
Other comprehensive income (loss) | (6) | 4 | (13) | (2) | 45 | 7 | ||
Comprehensive income: | 814 | 1,267 | 696 | 619 | 610 | 433 | ||
Comprehensive income, net of tax, attributable to noncontrolling interest | 2 | |||||||
Other undisclosed comprehensive income, net of tax, attributable to parent | 28 | |||||||
Comprehensive income, net of tax, attributable to parent: | 842 | 1,267 | 696 | 619 | 612 | 433 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.