AI English summary of an SEC filing — figures as filed
American Water Works AWKThe company said diluted earnings per share (GAAP) were $4.90 in 2023, up $0.39 from $4.51 in 2022. It cited the implementation of new rates in the Regulated Businesses as the primary driver, offset somewhat by higher operating costs and higher pension costs.
Key points
AI summaryThe company said diluted earnings per share (GAAP) were $4.90 in 2023, up $0.39 from $4.51 in 2022. It cited the implementation of new rates in the Regulated Businesses as the primary driver, offset somewhat by higher operating costs and higher pension costs.
The company said operating revenues for the Regulated Businesses rose $415 million in 2023 compared with 2022. It attributed $350 million of the increase to authorized rate increases, including infrastructure surcharges, and $32 million to acquisitions and organic growth in existing systems.
The company said it invested $2.7 billion in the Regulated Businesses in 2023, of which $2.6 billion was capital investment and $81 million was funding for acquisitions, including deposits. It also said it expects to invest between $16 billion and $17 billion over the next 5 years, 2024 $3.1 billion.
The company said it received net proceeds of about $1,688 million from the public offering of 12,650,000 shares of common stock on March 2023. It also said that on June, AWCC issued 3.625% Exchangeable Senior Notes due 2026 at $1,035 million, receiving net proceeds of about $1,022 million.
Key figures
Fiscal year ended December 31, 2023
- Revenue
- $4.2B
- Operating income
- $1.5B
- Net income
- $944M
- EPS
- $4.90
- Operating cash flow
- $1.9B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
2023 Diluted EPS (GAAP) $4.90, Up $0.39 From 2022
The company said diluted earnings per share (GAAP) were $4.90 in 2023, up $0.39 from $4.51 in 2022. It cited the implementation of new rates in the Regulated Businesses as the primary driver, offset somewhat by higher operating costs and higher pension costs.
Source · Based on the MD&A text of the filing
Regulated Businesses Operating Revenues Up $415 million
The company said operating revenues for the Regulated Businesses rose $415 million in 2023 compared with 2022. It attributed $350 million of the increase to authorized rate increases, including infrastructure surcharges, and $32 million to acquisitions and organic growth in existing systems.
Source · Based on the MD&A text of the filing
2023 Regulated Businesses Investment of $2.7 billion
The company said it invested $2.7 billion in the Regulated Businesses in 2023, of which $2.6 billion was capital investment and $81 million was funding for acquisitions, including deposits. It also said it expects to invest between $16 billion and $17 billion over the next 5 years, 2024 $3.1 billion.
Source · Based on the MD&A text of the filing
2023 Common Stock Offering and Exchangeable Senior Notes Issuance
The company said it received net proceeds of about $1,688 million from the public offering of 12,650,000 shares of common stock on March 2023. It also said that on June, AWCC issued 3.625% Exchangeable Senior Notes due 2026 at $1,035 million, receiving net proceeds of about $1,022 million.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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