American Water Works (AWK) Financials

$147.32 +0.44 (+0.30%)

As of 03:04 PM Eastern

Annual Income Statements for American Water Works

This table shows American Water Works' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	476	468	426	567	621	709	1,263	820	944	1,051
Consolidated Net Income / (Loss)	476	468	426	565	621	709	1,263	820	944	1,051
Net Income / (Loss) Continuing Operations	476	468	426	565	621	709	1,263	820	944	1,051
Total Pre-Tax Income	782	770	912	787	833	924	1,640	1,008	1,196	1,359
Total Operating Income	1,075	1,085	1,253	1,102	1,214	1,248	1,196	1,273	1,504	1,718
Total Gross Profit	1,755	1,803	1,988	1,961	2,066	2,155	2,153	2,203	2,514	2,826
Total Revenue	3,159	3,302	3,357	3,440	3,610	3,777	3,930	3,792	4,234	4,684
Operating Revenue	3,159	3,302	3,357	3,440	3,610	3,777	3,930	3,792	4,234	4,684
Total Cost of Revenue	1,404	1,499	1,369	1,479	1,544	1,622	1,777	1,589	1,720	1,858
Operating Cost of Revenue	1,404	1,499	1,369	1,479	1,544	1,622	1,777	1,589	1,720	1,858
Total Operating Expenses	680	718	735	859	852	907	957	930	1,010	1,108
Depreciation Expense	440	470	492	545	582	604	636	649	704	788
Other Operating Expenses / (Income)	243	258	259	277	270	303	321	281	306	320
Total Other Income / (Expense), net	-293	-315	-341	-315	-381	-324	444	-265	-308	-359
Interest Expense	0.00	0.00	7.00	-	386	397	403	433	460	523
Interest & Investment Income	-308	-325	-342	-350	4.00	2.00	4.00	52	73	94
Other Income / (Expense), net	15	10	8.00	35	1.00	71	843	116	79	70
Income Tax Expense	306	302	486	222	212	215	377	188	252	308
Basic Earnings per Share	$2.66	$2.63	$2.39	$3.16	$3.44	$3.91	$6.96	$4.51	$4.90	$5.39
Weighted Average Basic Shares Outstanding	179M	178M	178M	180M	181M	181M	182M	182M	193M	195M
Diluted Earnings per Share	$2.64	$2.62	$2.38	$3.15	$3.43	$3.91	$6.95	$4.51	$4.90	$5.39
Weighted Average Diluted Shares Outstanding	180M	179M	179M	180M	181M	182M	182M	182M	193M	195M
Weighted Average Basic & Diluted Shares Outstanding	178.90M	177.90M	178.20M	179.40M	180.97M	181.44M	181.72M	181.86M	194.76M	194.95M

This table shows American Water Works' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	297	147	170	280	323	171	185	277	350	239
Consolidated Net Income / (Loss)	297	147	170	280	323	171	185	277	350	239
Net Income / (Loss) Continuing Operations	297	147	170	280	323	171	185	277	350	239
Total Pre-Tax Income	367	178	214	357	407	218	242	361	453	303
Total Operating Income	439	261	295	432	478	299	326	449	543	400
Total Gross Profit	666	498	545	678	731	560	595	722	827	682
Total Revenue	1,082	931	938	1,097	1,167	1,032	1,011	1,149	1,323	1,201
Operating Revenue	1,082	931	938	1,097	1,167	1,032	1,011	1,149	1,323	1,201
Total Cost of Revenue	416	433	393	419	436	472	416	427	496	519
Operating Cost of Revenue	416	433	393	419	436	472	416	427	496	519
Total Operating Expenses	227	237	250	246	253	261	269	273	284	282
Depreciation Expense	164	164	172	174	177	181	188	193	200	207
Other Operating Expenses / (Income)	63	73	78	72	76	80	81	80	84	75
Total Other Income / (Expense), net	-72	-83	-81	-75	-71	-81	-84	-88	-90	-97
Interest Expense	111	116	115	110	117	118	124	131	132	136
Interest & Investment Income	14	13	14	15	23	21	24	25	22	23
Other Income / (Expense), net	25	20	20	20	23	16	16	18	20	16
Income Tax Expense	70	31	44	77	84	47	57	84	103	64
Basic Earnings per Share	$1.63	$0.81	$0.91	$1.44	$1.66	$0.89	$0.95	$1.42	$1.80	$1.22
Weighted Average Basic Shares Outstanding	182M	182M	186M	195M	195M	193M	195M	195M	195M	195M
Diluted Earnings per Share	$1.63	$0.81	$0.91	$1.44	$1.66	$0.89	$0.95	$1.42	$1.80	$1.22
Weighted Average Diluted Shares Outstanding	182M	182M	186M	195M	195M	193M	195M	195M	195M	195M
Weighted Average Basic & Diluted Shares Outstanding	181.83M	181.86M	194.64M	194.67M	194.70M	194.76M	194.82M	194.86M	194.89M	194.95M

This table details how cash moves in and out of American Water Works' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	26	27	-16	76	-68	485	-440	-19	247	-224
Net Cash From Operating Activities	1,195	1,289	1,449	1,386	1,383	1,426	1,441	1,108	1,874	2,045
Net Cash From Continuing Operating Activities	1,195	1,289	1,449	1,386	1,349	1,426	1,441	1,108	1,874	2,045
Net Income / (Loss) Continuing Operations	476	468	426	565	621	709	1,263	820	944	1,051
Consolidated Net Income / (Loss)	476	468	426	565	621	709	1,263	820	944	1,051
Depreciation Expense	440	470	492	545	582	604	636	649	704	788
Non-Cash Adjustments To Reconcile Net Income	-20	47	-54	51	-27	0.00	-774	-35	-9.00	62
Changes in Operating Assets and Liabilities, net	299	304	585	225	173	113	316	-326	235	144
Net Cash From Investing Activities	-1,459	-1,590	-1,672	-2,036	-1,945	-2,061	-1,536	-2,127	-2,815	-3,379
Net Cash From Continuing Investing Activities	-1,459	-1,590	-1,672	-2,036	-1,945	-2,061	-1,536	-2,127	-2,815	-3,379
Purchase of Property, Plant & Equipment	-1,160	-1,311	-1,434	-1,586	-1,654	-1,822	-1,764	-2,297	-2,575	-2,856
Acquisitions	-197	-204	-177	-398	-235	-135	-135	-315	-81	-417
Purchase of Investments	-	-	-	-	-	-	-	0.00	0.00	-135
Sale of Property, Plant & Equipment	5.00	9.00	15	35	48	2.00	472	608	0.00	0.00
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	0.00	0.00	181
Other Investing Activities, net	-107	-84	-76	-87	-104	-106	-109	-123	-159	-152
Net Cash From Financing Activities	290	328	207	726	494	1,120	-345	1,000	1,188	1,110
Net Cash From Continuing Financing Activities	290	328	207	726	479	1,120	-345	1,000	1,188	1,110
Repayment of Debt	7.00	88	-943	-548	-510	-353	-597	571	-1,292	219
Payment of Dividends	-239	-261	-289	-319	-353	-389	-428	-467	-532	-585
Issuance of Debt	625	553	1,450	1,439	1,352	1,834	618	822	1,264	1,437
Issuance of Common Equity	39	13	15	199	-	-	0.00	0.00	1,688	0.00
Other Financing Activities, net	-16	-	28	0.00	26	28	62	74	60	39
Cash Interest Paid	309	327	338	332	383	382	389	414	445	483
Cash Income Taxes Paid	12	16	30	38	12	7.00	1.00	335	0.00	-5.00

This table details how cash moves in and out of American Water Works' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	7.00	13	125	582	-163	-297	262	-528	79	-37
Net Cash From Operating Activities	568	344	285	429	633	527	382	345	679	639
Net Cash From Continuing Operating Activities	568	344	285	429	633	527	382	345	679	639
Net Income / (Loss) Continuing Operations	297	147	170	280	323	171	185	277	350	239
Consolidated Net Income / (Loss)	297	147	170	280	323	171	185	277	350	239
Depreciation Expense	164	164	172	174	177	181	188	193	200	207
Non-Cash Adjustments To Reconcile Net Income	-43	56	-32	-2.00	21	4.00	9.00	-29	48	34
Changes in Operating Assets and Liabilities, net	150	-23	-25	-23	112	171	0.00	-96	81	159
Net Cash From Investing Activities	-686	-765	-561	-703	-664	-887	-733	-738	-688	-1,220
Net Cash From Continuing Investing Activities	-686	-765	-561	-703	-664	-887	-733	-738	-688	-1,220
Purchase of Property, Plant & Equipment	-602	-700	-526	-627	-626	-796	-609	-670	-683	-894
Acquisitions	-48	-27	-4.00	-29	-3.00	-45	-86	-33	-	-298
Purchase of Investments	-	-	-	-	-	-	-	-	-	-22
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	-	-	34
Other Investing Activities, net	-36	-38	-31	-47	-35	-46	-38	-35	-39	-40
Net Cash From Financing Activities	125	434	401	856	-132	63	613	-135	88	544
Net Cash From Continuing Financing Activities	125	434	401	856	-132	63	613	-135	88	544
Repayment of Debt	211	543	-1,186	-176	-92	162	-643	-13	209	666
Payment of Dividends	-120	-119	-119	-138	-138	-137	-138	-149	-149	-149
Issuance of Debt	11	-	8.00	1,152	86	18	1,391	12	13	21
Other Financing Activities, net	23	10	10	18	12	20	3.00	15	15	6.00

This table presents American Water Works' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	17,241	18,482	19,482	21,223	22,682	24,766	26,075	27,787	30,298	32,830
Total Current Assets	657	784	720	781	1,285	1,906	1,554	1,250	1,389	1,215
Cash & Equivalents	45	75	55	130	60	547	116	85	330	96
Restricted Cash	21	20	27	28	31	29	20	32	34	29
Accounts Receivable	522	532	484	487	466	527	519	609	641	731
Inventories, net	38	39	41	41	44	47	57	98	112	103
Current Deferred & Refundable Income Taxes	-	-	-	-	-	-	4.00	114	86	25
Other Current Assets	31	118	113	95	118	127	155	312	186	231
Plant, Property, & Equipment, net	13,933	14,992	16,246	17,409	18,232	19,710	21,084	23,223	25,438	28,038
Plant, Property & Equipment, gross	18,504	19,954	21,716	23,204	23,941	25,614	27,413	29,736	32,189	35,059
Accumulated Depreciation	4,571	4,962	5,470	5,795	5,709	5,904	6,329	6,513	6,751	7,021
Total Noncurrent Assets	2,651	2,706	2,516	3,033	3,165	3,150	3,437	3,314	3,471	3,577
Noncurrent Note & Lease Receivables	-	-	-	-	-	0.00	-	720	720	795
Goodwill	1,302	1,345	1,379	1,575	1,501	1,504	1,139	1,143	1,143	1,144
Other Noncurrent Operating Assets	1,349	1,361	1,128	1,219	1,335	1,323	1,385	1,369	1,522	1,549
Other Noncurrent Nonoperating Assets	-	-	-	-	103	95	720	82	86	89
Total Liabilities & Shareholders' Equity	17,241	18,482	19,482	21,223	22,682	24,766	26,075	27,787	30,298	32,830
Total Liabilities	12,180	13,254	14,089	15,352	16,556	18,308	18,774	20,091	20,498	22,495
Total Current Liabilities	1,533	2,392	2,325	2,094	2,045	2,881	2,141	2,811	2,151	3,150
Short-Term Debt	682	1,423	1,227	1,035	814	1,611	641	1,456	654	1,516
Accounts Payable	126	154	195	175	203	189	235	254	294	346
Accrued Expenses	493	609	630	556	596	591	701	706	791	791
Current Deferred & Payable Income Tax Liabilities	26	31	33	45	46	50	176	49	67	156
Other Current Liabilities	144	112	167	196	174	215	217	255	252	230
Other Current Nonoperating Liabilities	62	63	73	87	212	225	171	91	93	111
Total Noncurrent Liabilities	10,647	10,862	11,764	13,258	14,511	15,427	16,633	17,280	18,347	19,345
Long-Term Debt	5,862	5,749	6,490	7,569	8,639	9,329	10,341	10,926	11,715	12,518
Capital Lease Obligations	-	-	-	-	-	81	80	70	73	76
Asset Retirement Reserve & Litigation Obligation	402	403	1,664	-	-	1,770	1,600	1,590	1,481	1,416
Noncurrent Deferred Revenue	349	300	271	252	240	270	284	316	352	383
Noncurrent Deferred & Payable Income Tax Liabilities	2,334	2,619	1,573	1,740	1,893	2,113	2,421	2,437	2,717	2,881
Noncurrent Employee Benefit Liabilities	511	506	424	390	411	388	285	235	262	217
Other Noncurrent Operating Liabilities	1,189	1,285	1,342	3,307	3,328	1,476	1,622	1,706	1,747	1,854
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,049	5,218	5,385	5,864	6,121	6,454	7,298	7,693	9,797	10,332
Total Preferred & Common Equity	5,049	5,218	5,385	5,864	6,121	6,454	7,298	7,693	9,797	10,332
Preferred Stock	-	-	-	-	5.00	4.00	-	3.00	3.00	3.00
Total Common Equity	5,049	5,218	5,385	5,864	6,121	6,454	7,298	7,693	9,797	10,332
Common Stock	6,353	6,390	6,434	6,659	6,702	6,749	6,783	6,826	8,552	8,600
Retained Earnings	-1,073	-873	-723	-464	-207	102	925	1,267	1,659	2,112
Treasury Stock	-143	-213	-247	-297	-338	-348	-365	-377	-388	-392
Accumulated Other Comprehensive Income / (Loss)	-88	-86	-79	-34	-36	-49	-45	-23	-26	12

This table presents American Water Works' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	27,126	27,787	28,286	29,496	29,818	30,298	31,086	31,215	31,790	32,830
Total Current Assets	1,017	1,250	1,338	1,989	1,804	1,389	1,587	1,165	1,237	1,215
Cash & Equivalents	77	85	213	794	628	330	584	48	127	96
Restricted Cash	27	32	29	30	33	34	42	50	40	29
Accounts Receivable	631	609	607	683	700	641	639	730	763	731
Inventories, net	93	98	103	109	111	112	115	111	105	103
Current Deferred & Refundable Income Taxes	-	114	96	74	54	86	26	17	7.00	25
Other Current Assets	189	312	290	299	278	186	181	209	195	231
Plant, Property, & Equipment, net	22,636	23,223	23,632	24,188	24,688	25,438	26,023	26,532	27,007	28,038
Plant, Property & Equipment, gross	29,062	29,736	30,214	30,815	31,397	32,189	32,780	33,364	33,940	35,059
Accumulated Depreciation	6,426	6,513	6,582	6,627	6,709	6,751	6,757	6,832	6,933	7,021
Total Noncurrent Assets	3,473	3,314	3,316	3,319	3,326	3,471	3,476	3,518	3,546	3,577
Noncurrent Note & Lease Receivables	720	720	720	720	720	720	795	795	795	795
Goodwill	1,143	1,143	1,143	1,143	1,143	1,143	1,143	1,143	1,143	1,144
Other Noncurrent Operating Assets	1,312	1,369	1,453	1,373	1,377	1,522	1,448	1,490	1,519	1,549
Other Noncurrent Nonoperating Assets	90	82	-	83	86	86	90	90	89	89
Total Liabilities & Shareholders' Equity	27,126	27,787	28,286	29,496	29,818	30,298	31,086	31,215	31,790	32,830
Total Liabilities	19,365	20,091	18,737	19,793	19,918	20,498	21,076	21,060	21,425	22,495
Total Current Liabilities	2,130	2,811	1,892	1,764	1,743	2,151	1,857	1,825	2,132	3,150
Short-Term Debt	899	1,456	727	579	492	654	557	575	800	1,516
Accounts Payable	220	254	193	246	228	294	231	215	259	346
Accrued Expenses	610	706	561	575	605	791	636	607	585	791
Current Deferred & Payable Income Tax Liabilities	69	49	74	65	82	67	89	108	174	156
Other Current Liabilities	216	255	223	208	212	252	213	207	185	230
Other Current Nonoperating Liabilities	116	91	114	91	124	93	131	113	129	111
Total Noncurrent Liabilities	17,235	17,280	16,845	18,029	18,175	18,347	19,219	19,235	19,293	19,345
Long-Term Debt	10,940	10,926	10,485	11,607	11,698	11,715	12,566	12,553	12,550	12,518
Capital Lease Obligations	78	70	70	70	74	73	78	78	77	76
Asset Retirement Reserve & Litigation Obligation	1,614	1,590	1,568	1,524	1,478	1,481	1,460	1,434	1,403	1,416
Noncurrent Deferred Revenue	306	316	321	333	340	352	367	379	379	383
Noncurrent Deferred & Payable Income Tax Liabilities	2,372	2,437	2,483	2,549	2,632	2,717	2,742	2,780	2,833	2,881
Noncurrent Employee Benefit Liabilities	250	235	215	209	201	262	256	251	243	217
Other Noncurrent Operating Liabilities	1,675	1,706	1,703	1,737	1,752	1,747	1,750	1,760	1,808	1,854
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	7,758	7,693	9,547	9,701	9,897	9,797	10,007	10,152	10,362	10,332
Total Preferred & Common Equity	7,758	7,693	9,547	9,701	9,897	9,797	10,007	10,152	10,362	10,332
Preferred Stock	3.00	3.00	-	2.00	3.00	3.00	3.00	3.00	3.00	3.00
Total Common Equity	7,758	7,693	9,547	9,701	9,897	9,797	10,007	10,152	10,362	10,332
Common Stock	6,815	6,826	8,521	8,531	8,543	8,552	8,563	8,580	8,590	8,600
Retained Earnings	1,359	1,267	1,437	1,580	1,764	1,659	1,844	1,971	2,172	2,112
Treasury Stock	-377	-377	-388	-388	-388	-388	-392	-392	-392	-392
Accumulated Other Comprehensive Income / (Loss)	-39	-23	-23	-22	-22	-26	-8.00	-7.00	-8.00	12

This table displays calculated financial ratios and metrics derived from American Water Works' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.92%	4.53%	1.67%	2.47%	4.94%	4.63%	4.05%	-3.51%	11.66%	10.63%
EBITDA Growth	6.77%	2.29%	12.01%	-4.05%	6.84%	7.01%	39.11%	-23.81%	12.22%	12.64%
EBIT Growth	8.03%	0.46%	15.16%	-9.83%	6.86%	8.56%	54.59%	-31.88%	13.97%	12.95%
NOPAT Growth	7.72%	0.78%	-11.25%	35.17%	14.40%	5.81%	-3.82%	12.43%	14.63%	11.92%
Net Income Growth	12.53%	-1.68%	-8.97%	32.63%	9.91%	14.17%	78.14%	-35.08%	15.12%	11.33%
EPS Growth	12.34%	-0.76%	-9.16%	32.35%	8.89%	13.99%	77.75%	-35.11%	8.65%	10.00%
Operating Cash Flow Growth	8.93%	7.87%	12.41%	-4.35%	-0.22%	3.11%	1.05%	-23.11%	69.13%	9.12%
Free Cash Flow Firm Growth	-118.70%	-83.36%	-37.35%	-246.51%	154.32%	-249.40%	179.46%	-708.80%	67.26%	-71.51%
Invested Capital Growth	6.55%	6.61%	5.93%	9.95%	4.35%	9.13%	3.60%	17.92%	9.21%	11.23%
Revenue Q/Q Growth	1.67%	0.58%	0.57%	0.85%	1.46%	0.56%	0.72%	-0.52%	2.44%	3.74%
EBITDA Q/Q Growth	1.25%	1.16%	1.74%	0.18%	-0.88%	2.51%	36.83%	-25.78%	2.28%	5.19%
EBIT Q/Q Growth	1.01%	1.01%	2.94%	-2.07%	-2.17%	3.61%	53.77%	-33.89%	2.20%	5.99%
NOPAT Q/Q Growth	0.72%	1.35%	-20.64%	26.15%	3.49%	1.48%	-9.68%	9.95%	1.75%	6.49%
Net Income Q/Q Growth	1.19%	0.43%	-19.32%	25.00%	-2.20%	7.10%	65.53%	-37.78%	2.61%	6.92%
EPS Q/Q Growth	1.93%	0.00%	-19.05%	24.02%	-2.00%	7.12%	65.48%	-37.79%	1.66%	6.52%
Operating Cash Flow Q/Q Growth	7.39%	0.39%	6.23%	-2.46%	3.29%	0.00%	-1.77%	-5.78%	10.82%	5.79%
Free Cash Flow Firm Q/Q Growth	-100.39%	-364.58%	-32.50%	20.00%	245.19%	-2,324.89%	416.77%	-53.96%	15.03%	-28.76%
Invested Capital Q/Q Growth	0.77%	2.03%	1.00%	1.17%	-1.78%	1.08%	-2.06%	2.24%	1.60%	2.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.56%	54.60%	59.22%	57.01%	57.23%	57.06%	54.78%	58.10%	59.38%	60.33%
EBITDA Margin	48.43%	47.40%	52.22%	48.90%	49.78%	50.91%	68.07%	53.74%	54.02%	55.00%
Operating Margin	34.03%	32.86%	37.33%	32.03%	33.63%	33.04%	30.43%	33.57%	35.52%	36.68%
EBIT Margin	34.50%	33.16%	37.56%	33.05%	33.66%	34.92%	51.88%	36.63%	37.39%	38.17%
Profit (Net Income) Margin	15.07%	14.17%	12.69%	16.42%	17.20%	18.77%	32.14%	21.62%	22.30%	22.44%
Tax Burden Percent	60.87%	60.78%	46.71%	71.79%	74.55%	76.73%	77.01%	81.35%	78.93%	77.34%
Interest Burden Percent	71.74%	70.32%	72.32%	69.22%	68.56%	70.05%	80.43%	72.57%	75.55%	76.01%
Effective Tax Rate	39.13%	39.22%	53.29%	28.21%	25.45%	23.27%	22.99%	18.65%	21.07%	22.66%
Return on Invested Capital (ROIC)	5.82%	5.50%	4.60%	5.75%	6.15%	6.09%	5.52%	5.59%	5.66%	5.75%
ROIC Less NNEP Spread (ROIC-NNEP)	2.97%	2.71%	2.45%	2.97%	2.89%	3.46%	9.00%	3.64%	3.67%	3.62%
Return on Net Nonoperating Assets (RNNOA)	3.72%	3.61%	3.44%	4.29%	4.21%	5.18%	12.85%	5.35%	5.13%	4.69%
Return on Equity (ROE)	9.54%	9.12%	8.04%	10.05%	10.36%	11.28%	18.37%	10.94%	10.79%	10.44%
Cash Return on Invested Capital (CROIC)	-0.52%	-0.90%	-1.16%	-3.72%	1.89%	-2.64%	1.98%	-10.85%	-3.14%	-4.88%
Operating Return on Assets (OROA)	6.55%	6.13%	6.64%	5.59%	5.53%	5.56%	8.02%	5.16%	5.45%	5.66%
Return on Assets (ROA)	2.86%	2.62%	2.24%	2.78%	2.83%	2.99%	4.97%	3.04%	3.25%	3.33%
Return on Common Equity (ROCE)	9.53%	9.12%	8.04%	10.05%	10.36%	11.28%	18.37%	10.94%	10.79%	10.44%
Return on Equity Simple (ROE_SIMPLE)	9.43%	8.97%	7.91%	9.64%	10.15%	10.99%	17.31%	10.66%	9.64%	10.17%
Net Operating Profit after Tax (NOPAT)	654	659	585	791	905	958	921	1,036	1,187	1,329
NOPAT Margin	20.71%	19.97%	17.43%	23.00%	25.07%	25.35%	23.44%	27.31%	28.04%	28.37%
Net Nonoperating Expense Percent (NNEP)	2.85%	2.79%	2.14%	2.78%	3.26%	2.64%	-3.48%	1.96%	1.99%	2.13%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.14%	5.34%	5.44%
Cost of Revenue to Revenue	44.44%	45.40%	40.78%	42.99%	42.77%	42.94%	45.22%	41.90%	40.62%	39.67%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.53%	21.74%	21.89%	24.97%	23.60%	24.01%	24.35%	24.53%	23.85%	23.66%
Earnings before Interest and Taxes (EBIT)	1,090	1,095	1,261	1,137	1,215	1,319	2,039	1,389	1,583	1,788
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,530	1,565	1,753	1,682	1,797	1,923	2,675	2,038	2,287	2,576
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.80	2.14	2.68	2.53	3.34	4.03	4.45	3.43	2.55	2.33
Price to Tangible Book Value (P/TBV)	2.43	2.88	3.61	3.58	4.49	5.31	5.28	4.03	2.89	2.62
Price to Revenue (P/Rev)	2.88	3.38	4.30	4.31	5.66	6.88	8.27	6.96	5.90	5.15
Price to Earnings (P/E)	19.14	23.86	33.89	26.12	32.90	36.66	25.72	32.20	26.45	22.94
Dividend Yield	2.62%	2.34%	2.00%	2.17%	1.73%	1.50%	1.32%	1.77%	2.17%	2.43%
Earnings Yield	5.22%	4.19%	2.95%	3.83%	3.04%	2.73%	3.89%	3.11%	3.78%	4.36%
Enterprise Value to Invested Capital (EV/IC)	1.34	1.48	1.68	1.61	1.98	2.22	2.55	1.93	1.69	1.57
Enterprise Value to Revenue (EV/Rev)	4.94	5.53	6.58	6.76	8.25	9.65	11.05	10.22	8.75	8.13
Enterprise Value to EBITDA (EV/EBITDA)	10.19	11.66	12.59	13.83	16.58	18.95	16.23	19.01	16.20	14.79
Enterprise Value to EBIT (EV/EBIT)	14.30	16.66	17.50	20.45	24.52	27.63	21.29	27.89	23.41	21.31
Enterprise Value to NOPAT (EV/NOPAT)	23.83	27.67	37.71	29.40	32.92	38.05	47.14	37.41	31.21	28.68
Enterprise Value to Operating Cash Flow (EV/OCF)	13.05	14.15	15.23	16.78	21.54	25.55	30.13	34.97	19.77	18.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	107.16	0.00	131.54	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.30	1.37	1.43	1.47	1.54	1.71	1.52	1.62	1.27	1.37
Long-Term Debt to Equity	1.16	1.10	1.21	1.29	1.41	1.46	1.43	1.43	1.20	1.22
Financial Leverage	1.25	1.33	1.40	1.45	1.46	1.50	1.43	1.47	1.40	1.30
Leverage Ratio	3.33	3.48	3.58	3.62	3.66	3.77	3.70	3.59	3.32	3.14
Compound Leverage Factor	2.39	2.45	2.59	2.50	2.51	2.64	2.97	2.61	2.51	2.38
Debt to Total Capital	56.45%	57.89%	58.90%	59.47%	60.70%	63.07%	60.25%	61.81%	55.95%	57.73%
Short-Term Debt to Total Capital	5.88%	11.49%	9.37%	7.15%	5.23%	9.22%	3.49%	7.23%	2.94%	6.20%
Long-Term Debt to Total Capital	50.57%	46.40%	49.53%	52.32%	55.47%	53.85%	56.76%	54.58%	53.01%	51.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.03%	0.02%	0.00%	0.01%	0.01%	0.01%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.55%	42.11%	41.10%	40.53%	39.30%	36.93%	39.75%	38.19%	44.05%	42.27%
Debt to EBITDA	4.28	4.58	4.40	5.12	5.26	5.73	4.14	6.11	5.44	5.48
Net Debt to EBITDA	4.23	4.52	4.36	5.02	5.21	5.43	4.08	6.05	5.28	5.43
Long-Term Debt to EBITDA	3.83	3.67	3.70	4.50	4.81	4.89	3.90	5.40	5.15	4.89
Debt to NOPAT	10.00	10.88	13.19	10.88	10.44	11.51	12.01	12.02	10.48	10.62
Net Debt to NOPAT	9.90	10.73	13.05	10.68	10.34	10.91	11.86	11.91	10.17	10.53
Long-Term Debt to NOPAT	8.96	8.72	11.09	9.57	9.55	9.83	11.31	10.62	9.93	9.48
Altman Z-Score	0.69	0.71	0.85	0.81	1.02	1.14	1.47	1.09	1.09	0.98
Noncontrolling Interest Sharing Ratio	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.43	0.33	0.31	0.37	0.63	0.66	0.73	0.44	0.65	0.39
Quick Ratio	0.37	0.25	0.23	0.29	0.26	0.37	0.30	0.25	0.45	0.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-59	-108	-148	-512	278	-415	330	-2,009	-658	-1,128
Operating Cash Flow to CapEx	103.46%	99.00%	102.11%	89.36%	86.11%	78.35%	111.53%	65.60%	72.78%	71.60%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-21.10	0.00	0.72	-1.05	0.82	-4.64	-1.43	-2.16
Operating Cash Flow to Interest Expense	0.00	0.00	207.00	0.00	3.58	3.59	3.58	2.56	4.07	3.91
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	4.29	0.00	-0.58	-0.99	0.37	-1.34	-1.52	-1.55
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.18	0.18	0.17	0.16	0.16	0.15	0.14	0.15	0.15
Accounts Receivable Turnover	6.48	6.27	6.61	7.09	7.58	7.61	7.51	6.72	6.77	6.83
Inventory Turnover	37.44	38.94	34.23	36.07	36.33	35.65	34.17	20.50	16.38	17.28
Fixed Asset Turnover	0.23	0.23	0.21	0.20	0.20	0.20	0.19	0.17	0.17	0.18
Accounts Payable Turnover	12.42	10.71	7.85	7.99	8.17	8.28	8.38	6.50	6.28	5.81
Days Sales Outstanding (DSO)	56.33	58.25	55.23	51.51	48.18	47.98	48.57	54.29	53.88	53.46
Days Inventory Outstanding (DIO)	9.75	9.37	10.66	10.12	10.05	10.24	10.68	17.80	22.28	21.12
Days Payable Outstanding (DPO)	29.38	34.09	46.52	45.66	44.68	44.11	43.55	56.16	58.15	62.86
Cash Conversion Cycle (CCC)	36.70	33.54	19.37	15.98	13.55	14.11	15.71	15.93	18.02	11.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,601	12,368	13,101	14,404	15,031	16,404	16,995	20,040	21,885	24,342
Invested Capital Turnover	0.28	0.28	0.26	0.25	0.25	0.24	0.24	0.20	0.20	0.20
Increase / (Decrease) in Invested Capital	713	767	733	1,303	627	1,373	591	3,045	1,845	2,457
Enterprise Value (EV)	15,590	18,245	22,073	23,257	29,795	36,439	43,416	38,742	37,053	38,101
Market Capitalization	9,112	11,168	14,438	14,811	20,428	25,990	32,490	26,404	24,972	24,113
Book Value per Share	$28.13	$29.31	$30.19	$32.47	$33.86	$35.60	$40.20	$42.31	$50.32	$53.01
Tangible Book Value per Share	$20.88	$21.76	$22.41	$22.89	$25.19	$27.00	$33.93	$36.02	$44.45	$47.14
Total Capital	11,593	12,390	13,102	14,468	15,574	17,475	18,360	20,145	22,239	24,442
Total Debt	6,544	7,172	7,717	8,604	9,453	11,021	11,062	12,452	12,442	14,110
Total Long-Term Debt	5,862	5,749	6,490	7,569	8,639	9,410	10,421	10,996	11,788	12,594
Net Debt	6,478	7,077	7,635	8,446	9,362	10,445	10,926	12,335	12,078	13,985
Capital Expenditures (CapEx)	1,155	1,302	1,419	1,551	1,606	1,820	1,292	1,689	2,575	2,856
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-260	-280	-460	-436	-37	60	-82	-222	-472	-544
Debt-free Net Working Capital (DFNWC)	-194	-185	-378	-278	54	636	54	-105	-108	-419
Net Working Capital (NWC)	-876	-1,608	-1,605	-1,313	-760	-975	-587	-1,561	-762	-1,935
Net Nonoperating Expense (NNE)	178	191	159	226	284	249	-342	216	243	278
Net Nonoperating Obligations (NNO)	6,552	7,150	7,716	8,540	8,910	9,950	9,697	12,347	12,088	14,010
Total Depreciation and Amortization (D&A)	440	470	492	545	582	604	636	649	704	788
Debt-free, Cash-free Net Working Capital to Revenue	-8.23%	-8.48%	-13.70%	-12.67%	-1.02%	1.59%	-2.09%	-5.85%	-11.15%	-11.61%
Debt-free Net Working Capital to Revenue	-6.14%	-5.60%	-11.26%	-8.08%	1.50%	16.84%	1.37%	-2.77%	-2.55%	-8.95%
Net Working Capital to Revenue	-27.73%	-48.70%	-47.81%	-38.17%	-21.05%	-25.81%	-14.94%	-41.17%	-18.00%	-41.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.66	$2.63	$2.39	$3.16	$3.44	$3.91	$6.96	$4.51	$4.90	$5.39
Adjusted Weighted Average Basic Shares Outstanding	179M	178M	178M	180M	181M	181M	182M	182M	193M	195M
Adjusted Diluted Earnings per Share	$2.64	$2.62	$2.38	$3.15	$3.43	$3.91	$6.95	$4.51	$4.90	$5.39
Adjusted Weighted Average Diluted Shares Outstanding	180M	179M	179M	180M	181M	182M	182M	182M	193M	195M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	178.01M	178.21M	178.55M	180.75M	180.97M	181.44M	181.72M	181.86M	194.76M	194.95M
Normalized Net Operating Profit after Tax (NOPAT)	653	653	866	818	905	958	921	1,036	1,187	1,329
Normalized NOPAT Margin	20.66%	19.79%	25.79%	23.77%	25.07%	25.35%	23.44%	27.31%	28.04%	28.37%
Pre Tax Income Margin	24.75%	23.32%	27.17%	22.88%	23.07%	24.46%	41.73%	26.58%	28.25%	29.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	180.14	0.00	3.15	3.32	5.06	3.21	3.44	3.42
NOPAT to Interest Expense	0.00	0.00	83.61	0.00	2.34	2.41	2.29	2.39	2.58	2.54
EBIT Less CapEx to Interest Expense	0.00	0.00	-22.57	0.00	-1.01	-1.26	1.85	-0.69	-2.16	-2.04
NOPAT Less CapEx to Interest Expense	0.00	0.00	-119.10	0.00	-1.82	-2.17	-0.92	-1.51	-3.02	-2.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	50.21%	55.77%	67.84%	56.46%	56.84%	54.87%	33.89%	56.95%	56.36%	55.66%
Augmented Payout Ratio	76.68%	69.66%	80.52%	64.42%	62.64%	54.87%	33.89%	56.95%	56.36%	55.66%

This table displays calculated financial ratios and metrics derived from American Water Works' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.92%	-2.10%	11.40%	17.08%	7.86%	10.85%	7.78%	4.74%	13.37%	16.38%
EBITDA Growth	4.32%	-61.41%	11.19%	18.79%	7.96%	11.46%	8.83%	5.43%	12.54%	25.60%
EBIT Growth	5.22%	-71.70%	12.50%	24.18%	7.97%	12.10%	8.57%	3.32%	12.38%	32.06%
NOPAT Growth	4.20%	35.80%	16.37%	28.33%	6.78%	8.81%	6.34%	1.68%	10.59%	34.53%
Net Income Growth	6.83%	-77.21%	7.59%	28.44%	8.75%	16.33%	8.82%	-1.07%	8.36%	39.77%
EPS Growth	6.54%	-77.18%	4.60%	20.00%	1.84%	9.88%	4.40%	-1.39%	8.43%	37.08%
Operating Cash Flow Growth	11.59%	-16.50%	85.06%	921.43%	11.44%	53.20%	34.04%	-19.58%	7.27%	21.25%
Free Cash Flow Firm Growth	-141.59%	-554.55%	-87.88%	10.89%	17.45%	43.08%	26.83%	-10.60%	-9.14%	-32.97%
Invested Capital Growth	12.95%	17.92%	13.87%	10.25%	9.90%	9.21%	9.29%	10.14%	9.86%	11.23%
Revenue Q/Q Growth	15.47%	-13.96%	0.75%	16.95%	6.38%	-11.57%	-2.03%	13.65%	15.14%	-9.22%
EBITDA Q/Q Growth	19.17%	-29.14%	9.44%	28.54%	8.31%	-26.84%	6.85%	24.53%	15.61%	-18.35%
EBIT Q/Q Growth	27.47%	-39.44%	12.10%	43.49%	10.84%	-37.13%	8.57%	36.55%	20.56%	-26.11%
NOPAT Q/Q Growth	34.56%	-39.33%	8.72%	44.58%	11.96%	-38.17%	6.26%	38.24%	21.77%	-24.80%
Net Income Q/Q Growth	36.24%	-50.51%	15.65%	64.71%	15.36%	-47.06%	8.19%	49.73%	26.35%	-31.71%
EPS Q/Q Growth	35.83%	-50.31%	12.35%	58.24%	15.28%	-46.39%	6.74%	49.47%	26.76%	-32.22%
Operating Cash Flow Q/Q Growth	1,252.38%	-39.44%	-17.15%	50.53%	47.55%	-16.75%	-27.51%	-9.69%	96.81%	-5.89%
Free Cash Flow Firm Q/Q Growth	-3.66%	-49.57%	19.15%	28.92%	3.97%	-3.13%	-3.93%	-7.45%	5.23%	-25.64%
Invested Capital Q/Q Growth	2.20%	2.24%	3.31%	2.13%	1.88%	1.60%	3.39%	2.92%	1.63%	2.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.55%	53.49%	58.10%	61.80%	62.64%	54.26%	58.85%	62.84%	62.51%	56.79%
EBITDA Margin	58.04%	47.80%	51.92%	57.06%	58.10%	48.06%	52.42%	57.44%	57.67%	51.87%
Operating Margin	40.57%	28.03%	31.45%	39.38%	40.96%	28.97%	32.25%	39.08%	41.04%	33.31%
EBIT Margin	42.88%	30.18%	33.58%	41.20%	42.93%	30.52%	33.83%	40.64%	42.55%	34.64%
Profit (Net Income) Margin	27.45%	15.79%	18.12%	25.52%	27.68%	16.57%	18.30%	24.11%	26.46%	19.90%
Tax Burden Percent	80.93%	82.58%	79.44%	78.43%	79.36%	78.44%	76.45%	76.73%	77.26%	78.88%
Interest Burden Percent	79.09%	63.35%	67.94%	78.98%	81.24%	69.21%	70.76%	77.30%	80.46%	72.84%
Effective Tax Rate	19.07%	17.42%	20.56%	21.57%	20.64%	21.56%	23.55%	23.27%	22.74%	21.12%
Return on Invested Capital (ROIC)	6.77%	4.74%	5.00%	6.20%	6.53%	4.59%	4.90%	5.88%	6.33%	5.32%
ROIC Less NNEP Spread (ROIC-NNEP)	6.25%	4.12%	4.41%	5.69%	6.05%	4.07%	4.36%	5.33%	5.78%	4.74%
Return on Net Nonoperating Assets (RNNOA)	9.55%	6.06%	5.67%	7.60%	8.05%	5.69%	5.30%	6.60%	7.11%	6.14%
Return on Equity (ROE)	16.32%	10.80%	10.67%	13.80%	14.58%	10.28%	10.20%	12.49%	13.45%	11.47%
Cash Return on Invested Capital (CROIC)	-7.06%	-10.85%	-7.47%	-4.08%	-3.76%	-3.14%	-3.32%	-4.21%	-3.88%	-4.88%
Operating Return on Assets (OROA)	6.23%	4.25%	4.84%	5.95%	6.23%	4.45%	4.91%	5.84%	6.24%	5.14%
Return on Assets (ROA)	3.99%	2.22%	2.61%	3.69%	4.02%	2.42%	2.65%	3.46%	3.88%	2.95%
Return on Common Equity (ROCE)	16.32%	10.80%	10.67%	13.80%	14.58%	10.28%	10.20%	12.49%	13.45%	11.47%
Return on Equity Simple (ROE_SIMPLE)	16.99%	0.00%	8.71%	9.22%	9.30%	0.00%	9.58%	9.42%	9.49%	0.00%
Net Operating Profit after Tax (NOPAT)	355	216	234	339	379	235	249	345	420	316
NOPAT Margin	32.83%	23.15%	24.98%	30.89%	32.51%	22.73%	24.65%	29.98%	31.71%	26.27%
Net Nonoperating Expense Percent (NNEP)	0.52%	0.62%	0.59%	0.51%	0.48%	0.52%	0.54%	0.55%	0.56%	0.59%
Return On Investment Capital (ROIC_SIMPLE)	-	1.07%	-	-	-	1.05%	-	-	-	1.29%
Cost of Revenue to Revenue	38.45%	46.51%	41.90%	38.20%	37.36%	45.74%	41.15%	37.16%	37.49%	43.21%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.98%	25.46%	26.65%	22.42%	21.68%	25.29%	26.61%	23.76%	21.47%	23.48%
Earnings before Interest and Taxes (EBIT)	464	281	315	452	501	315	342	467	563	416
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	628	445	487	626	678	496	530	660	763	623
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.93	3.43	2.70	2.79	2.38	2.55	2.35	2.47	2.75	2.33
Price to Tangible Book Value (P/TBV)	3.43	4.03	3.07	3.16	2.69	2.89	2.66	2.78	3.09	2.62
Price to Revenue (P/Rev)	5.96	6.96	6.63	6.68	5.70	5.90	5.46	5.74	6.31	5.15
Price to Earnings (P/E)	17.23	32.20	31.00	30.23	25.62	26.45	24.54	26.18	28.99	22.94
Dividend Yield	2.01%	1.77%	1.85%	1.92%	2.25%	2.17%	2.34%	2.25%	2.01%	2.43%
Earnings Yield	5.80%	3.11%	3.23%	3.31%	3.90%	3.78%	4.08%	3.82%	3.45%	4.36%
Enterprise Value to Invested Capital (EV/IC)	1.76	1.93	1.78	1.82	1.63	1.69	1.60	1.64	1.76	1.57
Enterprise Value to Revenue (EV/Rev)	9.06	10.22	9.47	9.50	8.51	8.75	8.38	8.75	9.25	8.13
Enterprise Value to EBITDA (EV/EBITDA)	12.57	19.01	17.65	17.60	15.73	16.20	15.50	16.13	17.05	14.79
Enterprise Value to EBIT (EV/EBIT)	16.43	27.89	25.87	25.44	22.71	23.41	22.43	23.47	24.75	21.31
Enterprise Value to NOPAT (EV/NOPAT)	36.65	37.41	34.46	33.65	30.15	31.21	30.03	31.57	33.47	28.68
Enterprise Value to Operating Cash Flow (EV/OCF)	29.35	34.97	29.73	23.66	20.80	19.77	18.32	20.21	21.60	18.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.54	1.62	1.18	1.26	1.24	1.27	1.32	1.30	1.30	1.37
Long-Term Debt to Equity	1.42	1.43	1.11	1.20	1.19	1.20	1.26	1.24	1.22	1.22
Financial Leverage	1.53	1.47	1.29	1.33	1.33	1.40	1.22	1.24	1.23	1.30
Leverage Ratio	3.59	3.59	3.17	3.25	3.23	3.32	3.04	3.06	3.04	3.14
Compound Leverage Factor	2.84	2.28	2.16	2.56	2.62	2.30	2.15	2.36	2.45	2.28
Debt to Total Capital	60.57%	61.81%	54.16%	55.82%	55.34%	55.95%	56.88%	56.54%	56.44%	57.73%
Short-Term Debt to Total Capital	4.57%	7.23%	3.49%	2.64%	2.22%	2.94%	2.40%	2.46%	3.36%	6.20%
Long-Term Debt to Total Capital	56.00%	54.58%	50.67%	53.18%	53.12%	53.01%	54.48%	54.08%	53.08%	51.53%
Preferred Equity to Total Capital	0.02%	0.01%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	39.43%	38.19%	45.84%	44.18%	44.66%	44.05%	43.12%	43.46%	43.56%	42.27%
Debt to EBITDA	4.34	6.11	5.41	5.61	5.48	5.44	5.67	5.59	5.48	5.48
Net Debt to EBITDA	4.30	6.05	5.29	5.23	5.19	5.28	5.40	5.54	5.41	5.43
Long-Term Debt to EBITDA	4.01	5.40	5.06	5.34	5.26	5.15	5.43	5.34	5.16	4.89
Debt to NOPAT	12.65	12.02	10.55	10.72	10.51	10.48	10.98	10.93	10.76	10.62
Net Debt to NOPAT	12.54	11.91	10.33	10.00	9.95	10.17	10.46	10.85	10.63	10.53
Long-Term Debt to NOPAT	11.70	10.62	9.87	10.21	10.09	9.93	10.51	10.45	10.12	9.48
Altman Z-Score	0.92	0.95	1.05	1.09	0.99	0.95	0.92	0.97	1.06	0.85
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.48	0.44	0.71	1.13	1.04	0.65	0.85	0.64	0.58	0.39
Quick Ratio	0.33	0.25	0.43	0.84	0.76	0.45	0.66	0.43	0.42	0.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,892	-2,829	-2,288	-1,626	-1,562	-1,610	-1,674	-1,798	-1,704	-2,141
Operating Cash Flow to CapEx	94.35%	49.14%	54.18%	68.42%	101.12%	66.21%	62.73%	51.49%	99.41%	71.48%
Free Cash Flow to Firm to Interest Expense	-17.04	-24.39	-19.89	-14.78	-13.35	-13.65	-13.50	-13.73	-12.91	-15.75
Operating Cash Flow to Interest Expense	5.12	2.97	2.48	3.90	5.41	4.47	3.08	2.63	5.14	4.70
Operating Cash Flow Less CapEx to Interest Expense	-0.31	-3.07	-2.10	-1.80	0.06	-2.28	-1.83	-2.48	-0.03	-1.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.15	0.14	0.14	0.14	0.15	0.15	0.15	0.14	0.15	0.15
Accounts Receivable Turnover	6.21	6.72	6.90	6.00	6.21	6.77	6.91	6.17	6.17	6.83
Inventory Turnover	22.56	20.50	18.60	17.12	16.48	16.38	15.99	15.92	16.77	17.28
Fixed Asset Turnover	0.18	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.18
Accounts Payable Turnover	8.34	6.50	8.79	7.52	7.50	6.28	8.22	7.60	7.44	5.81
Days Sales Outstanding (DSO)	58.79	54.29	52.90	60.86	58.77	53.88	52.80	59.16	59.14	53.46
Days Inventory Outstanding (DIO)	16.18	17.80	19.63	21.32	22.15	22.28	22.83	22.93	21.77	21.12
Days Payable Outstanding (DPO)	43.77	56.16	41.51	48.56	48.64	58.15	44.39	48.05	49.08	62.86
Cash Conversion Cycle (CCC)	31.20	15.93	31.02	33.61	32.28	18.02	31.23	34.04	31.83	11.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,600	20,040	20,703	21,143	21,541	21,885	22,626	23,286	23,665	24,342
Invested Capital Turnover	0.21	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20
Increase / (Decrease) in Invested Capital	2,247	3,045	2,522	1,965	1,941	1,845	1,923	2,143	2,124	2,457
Enterprise Value (EV)	34,521	38,742	36,832	38,464	35,174	37,053	36,112	38,139	41,760	38,101
Market Capitalization	22,705	26,404	25,792	27,030	23,568	24,972	23,534	25,028	28,497	24,113
Book Value per Share	$42.68	$42.31	$52.50	$49.84	$50.84	$50.32	$51.32	$52.11	$53.18	$53.01
Tangible Book Value per Share	$36.39	$36.02	$46.21	$43.97	$44.97	$44.45	$45.46	$46.24	$47.31	$47.14
Total Capital	19,675	20,145	20,829	21,957	22,161	22,239	23,208	23,358	23,789	24,442
Total Debt	11,917	12,452	11,282	12,256	12,264	12,442	13,201	13,206	13,427	14,110
Total Long-Term Debt	11,018	10,996	10,555	11,677	11,772	11,788	12,644	12,631	12,627	12,594
Net Debt	11,813	12,335	11,040	11,432	11,603	12,078	12,575	13,108	13,260	13,985
Capital Expenditures (CapEx)	602	700	526	627	626	796	609	670	683	894
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-318	-222	-69	-20	-108	-472	-339	-183	-262	-544
Debt-free Net Working Capital (DFNWC)	-214	-105	173	804	553	-108	287	-85	-95	-419
Net Working Capital (NWC)	-1,113	-1,561	-554	225	61	-762	-270	-660	-895	-1,935
Net Nonoperating Expense (NNE)	58	69	64	59	56	64	64	68	70	77
Net Nonoperating Obligations (NNO)	11,842	12,347	11,156	11,442	11,644	12,088	12,619	13,134	13,303	14,010
Total Depreciation and Amortization (D&A)	164	164	172	174	177	181	188	193	200	207
Debt-free, Cash-free Net Working Capital to Revenue	-8.34%	-5.85%	-1.77%	-0.49%	-2.61%	-11.15%	-7.87%	-4.20%	-5.80%	-11.61%
Debt-free Net Working Capital to Revenue	-5.61%	-2.77%	4.45%	19.86%	13.38%	-2.55%	6.66%	-1.95%	-2.10%	-8.95%
Net Working Capital to Revenue	-29.20%	-41.17%	-14.25%	5.56%	1.48%	-18.00%	-6.27%	-15.14%	-19.82%	-41.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.63	$0.81	$0.91	$1.44	$1.66	$0.89	$0.95	$1.42	$1.80	$1.22
Adjusted Weighted Average Basic Shares Outstanding	182M	182M	186M	195M	195M	193M	195M	195M	195M	195M
Adjusted Diluted Earnings per Share	$1.63	$0.81	$0.91	$1.44	$1.66	$0.89	$0.95	$1.42	$1.80	$1.22
Adjusted Weighted Average Diluted Shares Outstanding	182M	182M	186M	195M	195M	193M	195M	195M	195M	195M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	181.83M	181.86M	194.64M	194.67M	194.70M	194.76M	194.82M	194.86M	194.89M	194.95M
Normalized Net Operating Profit after Tax (NOPAT)	355	216	234	339	379	235	249	345	420	316
Normalized NOPAT Margin	32.83%	23.15%	24.98%	30.89%	32.51%	22.73%	24.65%	29.98%	31.71%	26.27%
Pre Tax Income Margin	33.92%	19.12%	22.81%	32.54%	34.88%	21.12%	23.94%	31.42%	34.24%	25.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.18	2.42	2.74	4.11	4.28	2.67	2.76	3.56	4.27	3.06
NOPAT to Interest Expense	3.20	1.86	2.04	3.08	3.24	1.99	2.01	2.63	3.18	2.32
EBIT Less CapEx to Interest Expense	-1.24	-3.61	-1.83	-1.59	-1.07	-4.08	-2.15	-1.55	-0.91	-3.51
NOPAT Less CapEx to Interest Expense	-2.22	-4.18	-2.54	-2.62	-2.11	-4.76	-2.90	-2.48	-2.00	-4.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.75%	56.95%	57.33%	55.48%	55.87%	56.36%	57.46%	58.79%	58.29%	55.66%
Augmented Payout Ratio	34.75%	56.95%	57.33%	55.48%	55.87%	56.36%	57.46%	58.79%	58.29%	55.66%

Frequently Asked Questions About American Water Works' Financials

When does American Water Works's fiscal year end?

According to the most recent income statement we have on file, American Water Works' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has American Water Works' net income changed over the last 9 years?

American Water Works' net income appears to be on an upward trend, with a most recent value of $1.05 billion in 2024, rising from $476 million in 2015. The previous period was $944 million in 2023.

What is American Water Works's operating income?

American Water Works's total operating income in 2024 was $1.72 billion, based on the following breakdown:

Total Gross Profit: $2.83 billion
Total Operating Expenses: $1.11 billion

How has American Water Works revenue changed over the last 9 years?

Over the last 9 years, American Water Works' total revenue changed from $3.16 billion in 2015 to $4.68 billion in 2024, a change of 48.3%.

How much debt does American Water Works have?

American Water Works' total liabilities were at $22.50 billion at the end of 2024, a 9.7% increase from 2023, and a 84.7% increase since 2015.

How much cash does American Water Works have?

In the past 9 years, American Water Works' cash and equivalents has ranged from $45 million in 2015 to $547 million in 2020, and is currently $96 million as of their latest financial filing in 2024.

How has American Water Works' book value per share changed over the last 9 years?

Over the last 9 years, American Water Works' book value per share changed from 28.13 in 2015 to 53.01 in 2024, a change of 88.4%.

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This page (NYSE:AWK) was last updated on 4/16/2025 by MarketBeat.com Staff

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American Water Works (AWK) Financials

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American Water Works (AWK) Financials

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