NYSE : AWK
American Water Works Company, Inc. — Financial statements
Utilities · Utilities - Regulated Water · United States
Last price 142.21 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 28.31B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
American Water Works Company, Inc. (AWK) reported revenue of 5.34B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.34B | 5.14B | 4.68B | 4.23B | 3.79B | 3.93B |
| Operations & Maintenance | 2.01B | 1.99B | 1.82B | 1.70B | 1.56B | 1.76B |
| Depreciation & Amortization | 953.00M | 894.00M | 788.00M | 704.00M | 649.00M | 636.00M |
| Other Operating Expenses | 371.00M | 364.00M | 328.00M | 299.00M | 232.00M | 260.00M |
| Total Operating Expenses | 3.33B | 3.25B | 2.94B | 2.70B | 2.44B | 2.66B |
| Operating Income | 2.01B | 1.90B | 1.75B | 1.54B | 1.35B | 1.27B |
| Interest Expense | -659.00M | -615.00M | -523.00M | -460.00M | -433.00M | -403.00M |
| Interest Income | 41.00M | 90.00M | 94.00M | 73.00M | 52.00M | 4.00M |
| Net Interest Expense | -618.00M | -525.00M | -429.00M | -387.00M | -381.00M | -399.00M |
| Other Non-Operating Income (Expenses) | 65.00M | 52.00M | 42.00M | 47.00M | 20.00M | 18.00M |
| EBT Excluding Unusual Items | 1.46B | 1.42B | 1.36B | 1.20B | 989.00M | 893.00M |
| Gain (Loss) on Sale of Assets | 19.00M | 747.00M | ||||
| Pretax Income | 1.45B | 1.42B | 1.36B | 1.20B | 1.01B | 1.64B |
| Income Tax Expense | 309.00M | 311.00M | 308.00M | 252.00M | 188.00M | 377.00M |
| Earnings From Continuing Ops. | 1.14B | 1.11B | 1.05B | 944.00M | 820.00M | 1.26B |
| Net Income | 1.14B | 1.11B | 1.05B | 944.00M | 820.00M | 1.26B |
| Net Income to Common | 1.14B | 1.11B | 1.05B | 944.00M | 820.00M | 1.26B |
| Shares Outstanding (Basic) | 196.50M | 195.00M | 195.00M | 193.00M | 182.00M | 182.00M |
| Shares Outstanding (Diluted) | 196.50M | 195.00M | 195.00M | 193.00M | 182.00M | 182.00M |
| EPS (Basic) | 5.78 | 5.70 | 5.39 | 4.89 | 4.51 | 6.94 |
| EPS (Diluted) | 5.78 | 5.69 | 5.39 | 4.89 | 4.51 | 6.94 |
| Free Cash Flow | -1.16B | -1.07B | -811.00M | -701.00M | -1.19B | -323.00M |
| Free Cash Flow Per Share | -5.89 | -5.47 | -4.16 | -3.63 | -6.53 | -1.77 |
| Dividend Per Share | 3.44 | 3.25 | 3.00 | 2.78 | 2.57 | 2.36 |
| Profit Margin | 21.26% | 21.62% | 22.44% | 22.30% | 21.62% | 32.14% |
| Free Cash Flow Margin | -21.65% | -20.76% | -17.31% | -16.56% | -31.36% | -8.22% |
| EBITDA | 2.97B | 2.79B | 2.53B | 2.24B | 2.00B | 1.91B |
| EBITDA Margin | 55.51% | 54.26% | 54.10% | 52.91% | 52.72% | 48.60% |
| D&A For EBITDA | 953.00M | 894.00M | 788.00M | 704.00M | 649.00M | 636.00M |
| EBIT | 2.01B | 1.90B | 1.75B | 1.54B | 1.35B | 1.27B |
| EBIT Margin | 37.67% | 36.87% | 37.28% | 36.28% | 35.60% | 32.42% |
| Effective Tax Rate | 21.38% | 21.87% | 22.66% | 21.07% | 18.65% | 22.99% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 121.00M | 98.00M | 96.00M | 330.00M | 85.00M | 116.00M |
| Short-Term Investments | 29.00M | 55.00M | 71.00M | 62.00M | 67.00M | 17.00M |
| Accounts Receivable | 853.00M | 828.00M | 731.00M | 641.00M | 609.00M | 519.00M |
| Other Receivables | 93.00M | 9.00M | 25.00M | 86.00M | 114.00M | 4.00M |
| Inventory | 110.00M | 112.00M | 103.00M | 112.00M | 98.00M | 57.00M |
| Restricted Cash | 16.00M | 21.00M | 29.00M | 34.00M | 32.00M | 20.00M |
| Loans Receivable Current | 795.00M | |||||
| Other Current Assets | 262.00M | 273.00M | 160.00M | 124.00M | 245.00M | 821.00M |
| Total Current Assets | 1.48B | 2.19B | 1.22B | 1.39B | 1.25B | 1.55B |
| Property, Plant & Equipment | 32.78B | 30.66B | 28.13B | 25.52B | 23.30B | 21.18B |
| Regulatory Assets | 1.24B | 1.13B | 1.15B | 1.11B | 990.00M | 1.05B |
| Goodwill | 1.31B | 1.16B | 1.14B | 1.14B | 1.14B | 1.14B |
| Long-Term Investments | 44.00M | 111.00M | 147.00M | |||
| Long-Term Loans Receivable | 795.00M | 720.00M | 720.00M | 720.00M | ||
| Long-Term Accounts Receivable | 103.00M | 5.00M | 39.00M | |||
| Other Long-Term Assets | 306.00M | 297.00M | 316.00M | 305.00M | 232.00M | 435.00M |
| Total Assets | 37.23B | 35.44B | 32.83B | 30.30B | 27.79B | 26.07B |
| Accounts Payable | 321.00M | 378.00M | 346.00M | 294.00M | 254.00M | 235.00M |
| Accrued Expenses | 741.00M | 609.00M | 555.00M | 485.00M | 467.00M | 497.00M |
| Short-Term Debt | 1.45B | 1.59B | 879.00M | 179.00M | 1.18B | 584.00M |
| Current Portion of Long-Term Debt | 898.00M | 1.48B | 637.00M | 475.00M | 281.00M | 57.00M |
| Current Unearned Revenue | 12.00M | 19.00M | 40.00M | 63.00M | 91.00M | 19.00M |
| Current Portion of Leases | 9.00M | 11.00M | ||||
| Current Income Taxes Payable | 106.00M | 134.00M | 156.00M | 67.00M | 49.00M | 176.00M |
| Other Current Liabilities | 250.00M | 529.00M | 537.00M | 588.00M | 494.00M | 573.00M |
| Total Current Liabilities | 3.79B | 4.75B | 3.15B | 2.15B | 2.81B | 2.14B |
| Long-Term Debt | 13.99B | 12.78B | 12.52B | 11.72B | 10.93B | 10.34B |
| Long-Term Leases | 81.00M | 74.00M | 76.00M | 73.00M | 70.00M | 81.00M |
| Long-Term Unearned Revenue | 1.74B | 1.65B | 1.59B | 1.55B | 1.50B | 1.44B |
| Pension & Post-Retirement Benefits | 144.00M | 167.00M | 217.00M | 262.00M | 235.00M | 285.00M |
| Long-Term Deferred Tax Liabilities | 3.54B | 3.19B | 2.88B | 2.72B | 2.44B | 2.42B |
| Other Long-Term Liabilities | 2.02B | 2.00B | 2.06B | 2.03B | 2.11B | 2.06B |
| Total Liabilities | 25.30B | 24.61B | 22.50B | 20.50B | 20.09B | 18.78B |
| Common Stock | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M |
| Additional Paid-In Capital | 9.15B | 8.64B | 8.60B | 8.55B | 6.82B | 6.78B |
| Retained Earnings | 3.12B | 2.58B | 2.11B | 1.66B | 1.27B | 925.00M |
| Treasury Stock | -349.00M | -388.00M | -392.00M | -388.00M | -377.00M | -365.00M |
| Comprehensive Income & Other | 12.00M | 6.00M | 12.00M | -26.00M | -23.00M | -45.00M |
| Shareholders' Equity | 11.93B | 10.84B | 10.33B | 9.80B | 7.69B | 7.30B |
| Total Liabilities & Equity | 37.23B | 35.44B | 32.83B | 30.30B | 27.79B | 26.07B |
| Total Debt | 16.43B | 15.93B | 14.11B | 12.45B | 12.46B | 11.06B |
| Net Cash (Debt) | -16.28B | -15.78B | -13.95B | -12.05B | -12.30B | -10.93B |
| Net Cash Per Share | -82.83 | -80.92 | -71.52 | -62.45 | -67.60 | -60.07 |
| Filing Date Shares Outstanding | 199.10M | 195.21M | 194.95M | 194.76M | 181.86M | 181.72M |
| Total Common Shares Outstanding | 199.10M | 195.18M | 194.92M | 194.73M | 181.86M | 181.61M |
| Working Capital | -2.30B | -2.56B | -1.94B | -762.00M | -1.56B | -587.00M |
| Book Value Per Share | 59.92 | 55.52 | 53.01 | 50.31 | 42.30 | 40.18 |
| Tangible Book Value | 10.62B | 9.68B | 9.19B | 8.65B | 6.55B | 6.16B |
| Tangible Book Value Per Share | 53.36 | 49.60 | 47.14 | 44.44 | 36.02 | 33.91 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.14B | 1.11B | 1.05B | 944.00M | 820.00M | 1.26B |
| Depreciation & Amortization | 953.00M | 894.00M | 788.00M | 704.00M | 649.00M | 636.00M |
| Loss (Gain) on Sale of Assets | -19.00M | -747.00M | ||||
| Change in Accounts Receivable | -1.00M | -145.00M | -107.00M | -56.00M | -114.00M | -74.00M |
| Change in Accounts Payable | 53.00M | 97.00M | 111.00M | 70.00M | -8.00M | 66.00M |
| Change in Income Taxes | -142.00M | -14.00M | 153.00M | 49.00M | -228.00M | 150.00M |
| Change in Other Net Operating Assets | -56.00M | -38.00M | -169.00M | -36.00M | -56.00M | -56.00M |
| Other Operating Activities | 304.00M | 106.00M | 187.00M | 175.00M | 40.00M | 166.00M |
| Operating Cash Flow | 2.30B | 2.06B | 2.04B | 1.87B | 1.11B | 1.44B |
| Capital Expenditures | -3.46B | -3.13B | -2.86B | -2.58B | -2.30B | -1.76B |
| Sale of Property, Plant & Equipment | 608.00M | 472.00M | ||||
| Cash Acquisitions | -440.00M | -71.00M | -417.00M | -81.00M | -315.00M | -135.00M |
| Investment in Securities | 58.00M | 63.00M | 46.00M | |||
| Contributions to Nuclear Demissioning Trust | -193.00M | -175.00M | -152.00M | -159.00M | -123.00M | -109.00M |
| Investing Cash Flow | -3.23B | -3.31B | -3.38B | -2.81B | -2.13B | -1.54B |
| Short-Term Debt Issued | 709.00M | 700.00M | 591.00M | |||
| Long-Term Debt Issued | 1.78B | 1.44B | 1.26B | 822.00M | 1.12B | |
| Total Debt Issued | 2.44B | 2.49B | 2.14B | 1.26B | 1.41B | 1.12B |
| Short-Term Debt Repaid | -996.00M | -698.00M | ||||
| Long-Term Debt Repaid | -664.00M | -475.00M | -282.00M | -15.00M | -372.00M | |
| Total Debt Repaid | -1.41B | -664.00M | -475.00M | -1.28B | -15.00M | -1.07B |
| Net Debt Issued (Repaid) | 1.03B | 1.83B | 1.66B | -14.00M | 1.40B | 48.00M |
| Issuance of Common Stock | 476.00M | 1.69B | ||||
| Common Dividends Paid | -675.00M | -633.00M | -585.00M | -532.00M | -467.00M | -428.00M |
| Other Financing Activities | 56.00M | 56.00M | 33.00M | 46.00M | 69.00M | 35.00M |
| Financing Cash Flow | 883.00M | 1.25B | 1.11B | 1.19B | 1.00B | -345.00M |
| Net Cash Flow | -54.00M | -1.00M | -224.00M | 247.00M | -19.00M | -440.00M |
| Free Cash Flow | -1.16B | -1.07B | -811.00M | -701.00M | -1.19B | -323.00M |
| Free Cash Flow Margin | -21.65% | -20.76% | -17.31% | -16.56% | -31.36% | -8.22% |
| Free Cash Flow Per Share | -5.89 | -5.47 | -4.16 | -3.63 | -6.53 | -1.77 |
| Levered Free Cash Flow | -1.63B | -2.35B | -1.18B | -930.50M | -868.88M | -409.62M |
| Unlevered Free Cash Flow | -1.22B | -1.97B | -854.75M | -643.00M | -598.25M | -157.75M |
| Cash Interest Paid | 568.00M | 568.00M | 483.00M | 445.00M | 414.00M | 389.00M |
| Cash Income Tax Paid | 190.00M | 190.00M | -5.00M | 335.00M | 1.00M | |
| Change in Working Capital | -146.00M | -100.00M | -12.00M | 27.00M | -406.00M | 86.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 28.87B | 25.46B | 24.26B | 25.70B | 27.71B | 34.29B |
| Enterprise Value | 45.14B | 40.60B | 37.49B | 37.27B | 39.54B | 45.38B |
| PE Ratio | 25.08 | 22.92 | 23.09 | 27.22 | 33.80 | 27.15 |
| PS Ratio | 5.38 | 4.95 | 5.18 | 6.07 | 7.31 | 8.72 |
| PB Ratio | 2.41 | 2.35 | 2.35 | 2.62 | 3.60 | 4.70 |
| P/OCF Ratio | 12.51 | 12.37 | 11.86 | 13.71 | 25.01 | 23.79 |
| EV/Sales Ratio | 8.43 | 7.90 | 8.00 | 8.80 | 10.43 | 11.55 |
| EV/EBITDA Ratio | 15.18 | 14.56 | 14.79 | 16.64 | 19.78 | 23.76 |
| EV/EBIT Ratio | 22.37 | 21.42 | 21.47 | 24.26 | 29.29 | 35.62 |
| Debt / Equity Ratio | 1.38 | 1.47 | 1.37 | 1.27 | 1.62 | 1.52 |
| Debt / EBITDA Ratio | 5.52 | 5.69 | 5.54 | 5.53 | 6.19 | 5.75 |
| Net Debt / Equity Ratio | 1.36 | 1.46 | 1.35 | 1.23 | 1.60 | 1.50 |
| Net Debt / EBITDA Ratio | 5.49 | 5.66 | 5.50 | 5.38 | 6.16 | 5.72 |
| Net Debt / FCF Ratio | -14.07 | -14.79 | -17.20 | -17.19 | -10.35 | -33.84 |
| Quick Ratio | 0.29 | 0.21 | 0.29 | 0.52 | 0.31 | 0.31 |
| Current Ratio | 0.39 | 0.46 | 0.39 | 0.65 | 0.45 | 0.73 |
| Asset Turnover | 0.15 | 0.15 | 0.15 | 0.15 | 0.14 | 0.15 |
| Return on Equity (ROE) | 9.95% | 10.50% | 10.44% | 10.79% | 10.94% | 18.37% |
| Return on Assets (ROA) | 3.50% | 3.47% | 3.46% | 3.31% | 3.13% | 3.13% |
| Return on Capital Employed (ROCE) | 6.00% | 6.20% | 5.90% | 5.50% | 5.40% | 5.30% |
| Earnings Yield | 3.99% | 4.36% | 4.33% | 3.67% | 2.96% | 3.68% |
| FCF Yield | -4.03% | -4.19% | -3.34% | -2.73% | -4.29% | -0.94% |
| Dividend Yield | 2.47% | 2.49% | 2.41% | 2.10% | 1.69% | 1.25% |
| Payout Ratio | 61.93% | 56.98% | 55.66% | 56.36% | 56.95% | 33.89% |
| Buyback Yield / Dilution | -0.77% | -1.04% | -6.04% | -0.55% | ||
| Total Shareholder Return | 1.71% | 2.49% | 1.38% | -3.94% | 1.69% | 0.70% |