chunk_id string | chunk string | source_url string | title string | chunk_idx int64 | chunk_start_char int64 | chunk_end_char int64 |
|---|---|---|---|---|---|---|
000000026::0 | Amcor plc and Subsidiaries
Consolidated Statements of Income
($ in millions, except per share data)
For the years ended June 30, 2023 2022 2021
Net sales $ 14,694 $ 14,544 $ 12,861
Cost of sales (11,969) (11,724) (10,129)
Gross profit 2,725 2,820 2,732 | 000000026 | 0 | 0 | 252 | |
000000027::0 | ($ in millions) Employee Costs
Fixed Asset
Related Costs Other Costs
Total
Restructuring
Costs
Liability balance at June 30, 2022 $ 97 $ 3 $ 18 $ 118
Net charges to earnings 2 — — 2
Cash paid (16) (1) (8) (25)
Reversal of unused amounts (2) — — (2)
Liability balance at December 31, 2022 $ 81 $ 2 $ 10 $ 93 | 000000027 | 0 | 0 | 306 | |
000000028::0 | Twelve Months Ended June 30, 2022 Twelve Months Ended June 30, 2023
($ million) EBITDA EBIT
Net
Income
EPS
(Diluted
US
cents)(1) EBITDA EBIT
Net
Income
EPS
(Diluted
US
cents)(1)
Net income attributable to Amcor 805 805 805 52.9 1,048 1,048 1,048 70.5
Net income attributable to non | 000000028 | 0 | 0 | 281 | |
000000028::1 | -controlling
interests 10 10 10 10
Tax expense 300 300 193 193
Interest expense, net 135 135 259 259
Depreciation and amortization 579 569
EBITDA, EBIT, Net income and EPS 1,829 1,250 805 52.9 2,080 1,510 1,048 70.5 | 000000028 | 1 | 281 | 496 | |
000000028::2 |
2019 Bemis Integration Plan 37 37 37 2.5 — — — —
Net loss on disposals(2) 10 10 10 0.7 — — — —
Impact of hyperinflation 16 16 16 1.0 24 24 24 1.9
Property and other losses, net(3) 13 13 13 0.8 2 2 2 0.1
Russia-Ukraine conflict impacts(4) 2 | 000000028 | 2 | 496 | 736 | |
000000028::3 | 00 200 200 13.2 (90) (90) (90) (6.0)
Pension settlements 8 8 8 0.5 5 5 5 0.3
Other 4 4 4 0.3 (3) (3) (3) (0.3)
Amortization of acquired intangibles (5) 163 163 10.7 160 160 10.8
Tax effect of above items (3 | 000000028 | 3 | 736 | 942 | |
000000028::4 | 2) (2.1) (57) (4.0)
Adjusted EBITDA, EBIT, Net income and EPS 2,117 1,701 1,224 80.5 2,018 1,608 1,089 73.3 | 000000028 | 4 | 942 | 1,049 | |
000000029::0 | Three Months Ended June 30 Twelve Months Ended June 30
($ million) Flexibles Rigid
Packaging Total Flexibles Rigid
Packaging Total
Net sales fiscal year 2023 2,777 897 3,673 11,154 3,540 14,694
Net sales fiscal year 2022 2,967 942 3,909 11,151 3,393 14,544
Report | 000000029 | 0 | 0 | 263 | |
000000029::1 | ed Growth % (6) (5) (6) — 4 1
FX % 1 (1) — (4) (1) (3)
Constant Currency Growth % (7) (4) (6) 4 5 4
Raw Material Pass Through % 1 — 1 5 8 5
Items affecting comparability % (3) — (2) (2) — (1)
Comparable Constant Currency
Growth % (5) (4) (5) 1 (3) —
Volume % (7) (6) (7) ( | 000000029 | 1 | 263 | 535 | |
000000029::2 | 3) (4) (3)
Price/Mix % 2 2 2 4 1 3 | 000000029 | 2 | 535 | 569 | |
000000030::0 | ITEM 8.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Advanced Micro Devices, Inc. | 000000030 | 0 | 0 | 80 | |
000000030::1 | Consolidated Statements of Operations
Year Ended
December 26,
2015
December 27,
2014
December 28,
2013
(In millions, except per share amounts)
Net revenue
$
3,991 $
5,506 $
5,299
Cost of sales
2,911
3,667
3,321
Gross margin
1,080
1,839
1,978
Research | 000000030 | 1 | 81 | 364 | |
000000030::2 | and development
947
1,072
1,201
Marketing, general and administrative
482
604
674
Amortization of acquired intangible assets
3
14
18
Restructuring and other special charges, net
129
71
30
Goodwill impairment charge
—
233
—
Legal settlements, net
—
—
(48)
Operating income (loss)
(481)
(15... | 000000030 | 2 | 364 | 713 | |
000000030::3 | 60)
(177)
(177)
Other expense, net
(5)
(66)
—
Loss before income taxes
(646)
(398)
(74)
Provision for income taxes
14
5
9
Net loss
$
(660) $
(403) $
(83)
Net loss per share
Basic
$
(0.84) $
(0.53) $
(0.11)
| 000000030 | 3 | 713 | 949 | |
000000030::4 | Diluted
$
(0.84) $
(0.53) $
(0.11)
Shares used in per share calculation
Basic
783
768
754
Diluted
783
768
754
See accompanying notes to consolidated financial statements. | 000000030 | 4 | 949 | 1,139 | |
000000030::5 | 54___FINANCEBENCH_DELIMITER___Advanced Micro Devices, Inc. | 000000030 | 5 | 1,142 | 1,200 | |
000000030::6 | Consolidated Statements of Cash Flows
Year Ended
December 26,
2015
December 27,
2014
December 28,
2013
(In millions)
Cash flows from operating activities:
Net loss
$
(660) $
(403) $
(83)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amo... | 000000030 | 6 | 1,201 | 1,571 | |
000000030::7 | property, plant and equipment
—
—
31
Stock-based compensation expense
63
81
91
Non-cash interest expense
11
17
25
Goodwill impairment charge
—
233
—
Restructuring and other special charges, net
83
14
—
Net loss on debt redemptions
—
61
1
Other
(3)
(13)
(1)
Changes in operating assets ... | 000000030 | 7 | 1,571 | 1,951 | |
000000030::8 |
Inventories
(11)
199
(322)
Prepayments and other - GLOBALFOUNDRIES
84
(113)
—
Prepaid expenses and other assets
(111)
(7)
(103)
Accounts payables, accrued liabilities and other
(156)
(231)
266
Payable to GLOBALFOUNDRIES
27
(146)
(89)
Net cash used in operating activities
(226)
(98)
( | 000000030 | 8 | 1,951 | 2,262 | |
000000030::9 | 148)
Cash flows from investing activities:
Purchases of available-for-sale securities
(227)
(790)
(1,043)
Purchases of property, plant and equipment
(96)
(95)
(84)
Proceeds from sales and maturities of available-for-sale securities
462
873
1,344
Proceeds from sale of property, plant and equipment
8... | 000000030 | 9 | 2,262 | 2,653 | |
000000030::10 | 12)
455
Cash flows from financing activities:
Proceeds from borrowings, net
100
1,155
55
Proceeds from issuance of common stock
5
4
3
Repayments of long-term debt and capital lease obligations
(44)
(1,115)
(55)
Other
(2)
2
10
Net cash provided by financing activities
59
46
13
Net incr... | 000000030 | 10 | 2,653 | 3,028 | |
000000030::11 | )
320
Cash and cash equivalents at beginning of year
805
869
549
Cash and cash equivalents at end of year
$
785 $
805 $
869
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest
$
149 $
138 $
152
Income taxes
$
3 $
7 $
9
See accompanying notes to con... | 000000030 | 11 | 3,028 | 3,379 | |
000000030::12 | 58 | 000000030 | 12 | 3,384 | 3,386 | |
000000031::0 | Consolidated Balance Sheets
December 31,
2022
December 25,
2021
(In millions, except par value amounts)
ASSETS
Current assets:
Cash and cash equivalents $ 4,835 $ 2,535
Short-term investments 1,020 1,073
Accounts receivable, net 4,126 2,706
Inventories 3,771 1,955
Receivables from related parties 2 2
Prepaid expenses | 000000031 | 0 | 0 | 318 | |
000000031::1 | and other current assets 1,265 312
Total current assets 15,019 8,583
Property and equipment, net 1,513 702
Operating lease right-of-use assets 460 367
Goodwill 24,177 289
Acquisition-related intangibles 24,118 —
Investment: equity method 83 69
Deferred tax assets 58 931
Other non-current assets 2,152 1, | 000000031 | 1 | 318 | 623 | |
000000031::2 | 478
Total assets $ 67,580 $ 12,419
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 2,493 $ 1,321
Payables to related parties 463 85
Accrued liabilities 3,077 2,424
Current portion of long-term debt, net — 312
Other current liabilities 336 98
Total current liabilities 6,369 4,240
Long | 000000031 | 2 | 623 | 936 | |
000000031::3 | -term debt, net of current portion 2,467 1
Long-term operating lease liabilities 396 348
Deferred tax liabilities 1,934 12
Other long-term liabilities 1,664 321
Commitments and Contingencies (see Notes 16 and 17)
Stockholders’ equity:
Capital stock:
Common stock, par value $0.01; shares authorized: 2,250; shares issued... | 000000031 | 3 | 936 | 1,293 | |
000000031::4 | : 1,612 and 1,207 16 12
Additional paid-in capital 58,005 11,069
Treasury stock, at cost (shares held: 33 and 25) (3,099) (2,130)
Accumulated deficit (131) (1,451)
Accumulated other comprehensive loss (41) (3)
Total stockholders’ equity 54,750 7,497
Total liabilities and stockholders | 000000031 | 4 | 1,293 | 1,577 | |
000000031::5 | ’ equity $ 67,580 $ 12,419 | 000000031 | 5 | 1,577 | 1,603 | |
000000032::0 | Overview
We are a global semiconductor company primarily offering:
• server microprocessors (CPUs) and graphics processing units (GPUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and
Adaptive System-on-Chip (SoC) products for data centers;
• CPUs, accelerated processing units (APUs) that int... | 000000032 | 0 | 0 | 538 | |
000000032::1 | From time to time, we may also sell or license portions of our intellectual property (IP) portfolio. | 000000032 | 1 | 539 | 639 | |
000000033::0 | Net
revenue for 2022 was $23.6 billion, an increase of 44% compared to 2021 net revenue of $16.4 billion. The increase in net revenue was driven by a 64%
increase in Data Center segment revenue primarily due to higher sales of our EPYC™ server processors, a 21% increase in Gaming segment revenue
primarily due to higher... | 000000033 | 0 | 0 | 487 | |
000000034::0 | Operating income for 2022 was $1.3 billion compared to operating income of $3.6 billion for 2021. The decrease in operating income was primarily driven by
amortization of intangible assets associated with the Xilinx acquisition. | 000000034 | 0 | 0 | 228 | |
000000035::0 | Advanced Micro Devices, Inc. | 000000035 | 0 | 0 | 28 | |
000000035::1 | Consolidated Statements of Cash Flows
Year Ended
December 31,
2022
December 25,
2021
December 26,
2020
(In millions)
Cash flows from operating activities:
Net income $ 1,320 $ 3,162 $ 2,490
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 4,174 407 312
Stoc... | 000000035 | 1 | 29 | 378 | |
000000035::2 | 9 274
Amortization of debt discount and issuance costs — 5 14
Amortization of operating lease right-of-use assets 88 56 42
Amortization of inventory fair value adjustment 189 — —
Loss on debt redemption, repurchase and conversion — 7 54
Loss on sale or disposal of property and equipment 16 34 33
Deferred income taxes (... | 000000035 | 2 | 378 | 764 | |
000000035::3 | 6) (2)
Other (14) (7) 8
Changes in operating assets and liabilities:
Accounts receivable, net (1,091) (640) (219)
Inventories (1,401) (556) (417)
Receivables from related parties (13) 8 10
Prepaid expenses and other assets (1,197) (920) (231)
Payables to related parties 379 7 (135)
Accounts | 000000035 | 3 | 764 | 1,055 | |
000000035::4 | payable 931 801 (513)
Accrued liabilities and other 546 526 574
Net cash provided by operating activities 3,565 3,521 1,071
Cash flows from investing activities:
Purchases of property and equipment (450) (301) (294)
Purchases of short-term investments (2,667) (2,056) (850)
Proceeds from maturity of short-term investme... | 000000035 | 4 | 1,055 | 1,384 | |
000000035::5 | 1,678 192
Cash received from acquisition of Xilinx 2,366 — —
Acquisition of Pensando, net of cash acquired (1,544) — —
Other (16) (7) —
Net cash provided by (used in) investing activities 1,999 (686) (952)
Cash flows from financing activities:
Proceeds from debt, net of issuance costs 991 — 200
Repayment of debt (312)... | 000000035 | 5 | 1,384 | 1,721 | |
000000035::6 | from sales of common stock through employee equity plans 167 104 85
Repurchases of common stock (3,702) (1,762) —
Common stock repurchases for tax withholding on employee equity plans (406) (237) (78)
Other (2) — (1)
Net cash (used in) provided by financing activities (3,264) (1,895) 6
Net increase in cash and cash eq... | 000000035 | 6 | 1,721 | 2,073 | |
000000035::7 | cash equivalents at beginning of year 2,535 1,595 1,470
Cash and cash equivalents at end of year $ 4,835 $ 2,535 $ 1,595 | 000000035 | 7 | 2,073 | 2,194 | |
000000036::0 | Year Ended
December 31,
2022
December 25,
2021
(In millions)
Net revenue:
Data Center $ 6,043 $ 3,694
Client 6,201 6,887
Gaming 6,805 5,607
Embedded 4,552 246
Total net revenue $ 23,601 $ 16,434
Operating income (loss):
Data Center $ 1,848 $ | 000000036 | 0 | 0 | 242 | |
000000036::1 | 991
Client 1,190 2,088
Gaming 953 934
Embedded 2,252 44
All Other (4,979) (409)
Total operating income (loss) $ 1,264 $ 3,648 | 000000036 | 1 | 242 | 367 | |
000000037::0 | One customer accounted for 16% of our consolidated net revenue for the year ended December 31, 2022. Sales to this customer consisted of sales of products
from our Gaming segment. A loss of this customer would have a material adverse effect on our business. | 000000037 | 0 | 0 | 257 | |
000000038::0 | Registrant’s telephone number, including area code: (212) 640-2000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Shares (par value $0.20 per Share) AXP New York Stock Exchange
Securities registered pursuant to section 1... | 000000038 | 0 | 0 | 341 | |
000000039::0 | (Millions) United States EMEA APAC LACC Other Unallocated Consolidated
2022
Total revenues net of interest expense $ 41,396 $ 4,871 $ 3,835 $ 2,917 $ (157) $ 52,862
Pretax income (loss) from continuing operations 10,383 550 376 500 (2,224) 9,585
2021
Total revenues net of interest expense $ | 000000039 | 0 | 0 | 292 | |
000000039::1 | 33,103 $ 3,643 $ 3,418 $ 2,238 $ (22) $ 42,380
Pretax income (loss) from continuing operations 10,325 460 420 494 (1,010) 10,689
2020
Total revenues net of interest expense $ 28,263 $ 3,087 $ 3,271 $ 2,019 $ (5 | 000000039 | 1 | 292 | 502 | |
000000039::2 | 53) $ 36,087
Pretax income (loss) from continuing operations 5,422 187 328 273 (1,914) 4,296 | 000000039 | 2 | 502 | 594 | |
000000040::0 | CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31 (Millions, except per share amounts) 2022 2021 2020
Revenues
Non-interest revenues
Discount revenue $ 30,739 $ 24,563 $ 19,435
Net card fees 6,070 5,195 4,664
Service fees and other revenue 4,521 3,316 2,702
Processed revenue 1,637 | 000000040 | 0 | 0 | 288 | |
000000040::1 | 1,556 1,301
Total non-interest revenues 42,967 34,630 28,102
Interest income
Interest on loans 11,967 8,850 9,779
Interest and dividends on investment securities 96 83 127
Deposits with banks and other 595 100 177
Total interest income 12,658 9,033 10,083
Interest expense | 000000040 | 1 | 288 | 561 | |
000000040::2 |
Deposits 1,527 458 943
Long-term debt and other 1,236 825 1,155
Total interest expense 2,763 1,283 2,098
Net interest income 9,895 7,750 7,985
Total revenues net of interest expense 52,862 42,380 36,087
Provisions for credit losses
Card Member receivables 627 | 000000040 | 2 | 561 | 821 | |
000000040::3 | (73) 1,015
Card Member loans 1,514 (1,155) 3,453
Other 41 (191) 262
Total provisions for credit losses 2,182 (1,419) 4,730
Total revenues net of interest expense after provisions for credit losses 50,680 43,799 31,357
Expenses
Card Member rewards 14,002 11,007 8 | 000000040 | 3 | 821 | 1,084 | |
000000040::4 | ,041
Business development 4,943 3,762 3,051
Card Member services 2,959 1,993 1,230
Marketing 5,458 5,291 3,696
Salaries and employee benefits 7,252 6,240 5,718
Other, net 6,481 4,817 5,325
Total expenses 41,095 33,1 | 000000040 | 4 | 1,084 | 1,299 | |
000000040::5 | 10 27,061
Pretax income 9,585 10,689 4,296
Income tax provision 2,071 2,629 1,161
Net income $ 7,514 $ 8,060 $ 3,135
Earnings per Common Share — (Note 21)
Basic $ 9.86 $ 10.04 $ 3.77
Diluted $ 9.85 $ 10. | 000000040 | 5 | 1,299 | 1,502 | |
000000040::6 | 02 $ 3.77
Average common shares outstanding for earnings per common share:
Basic 751 789 805
Diluted 752 790 806 | 000000040 | 6 | 1,502 | 1,614 | |
000000041::0 | TABLE 1: SUMMARY OF FINANCIAL PERFORMANCE
Years Ended December 31, Change Change
(Millions, except percentages, per share amounts and where indicated) 2022 2021 2020 2022 vs. 2021 2021 vs. | 000000041 | 0 | 0 | 188 | |
000000041::1 | 2020
Selected Income Statement Data
Total revenues net of interest expense $ 52,862 $ 42,380 $ 36,087 $ 10,482 25 % $ 6,293 17 %
Provisions for credit losses 2,182 (1,419) 4,730 3,601 # (6,149) #
Expenses 41,095 33,110 27,061 | 000000041 | 1 | 189 | 415 | |
000000041::2 | 7,985 24 6,049 22
Pretax income 9,585 10,689 4,296 (1,104) (10) 6,393 #
Income tax provision 2,071 2,629 1,161 (558) (21) 1,468 #
Net income 7,514 8,060 3,135 (546) (7) 4 | 000000041 | 2 | 415 | 585 | |
000000041::3 | ,925 #
Earnings per common share — diluted $ 9.85 $ 10.02 $ 3.77 $ (0.17) (2)% $ 6.25 # %
Common Share Statistics
Cash dividends declared per common share $ 2.08 $ 1.72 $ 1.72 $ 0.36 21 % $ — — %
Average common shares outstanding:
Basic 751 789 805 (38) (5)% (16) (2)%
| 000000041 | 3 | 585 | 854 | |
000000041::4 | Diluted 752 790 806 (38) (5)% (16) (2)%
Selected Metrics and Ratios
Network volumes (Billions) $ 1,552.8 $ 1,284.2 $ 1,037.8 $ 269 21 % $ 246 24 %
Return on average equity 32.3 % 33.7 % 14.2 %
Net interest income divided by average Card Member loans 10.4 % 1 | 000000041 | 4 | 854 | 1,112 | |
000000041::5 | 0.2 % 10.7 %
Net interest yield on average Card Member loans 10.6 % 10.7 % 11.5 %
Effective tax rate 21.6 % 24.6 % 27.0 %
Common Equity Tier 1 10.3 % 10.5 % 13.5 %
Selected Balance Sheet Data
Cash and cash equivalents $ 33,914 $ 22,028 $ 32,965 $ 11,886 54 | 000000041 | 5 | 1,112 | 1,368 | |
000000041::6 | % $ (10,937) (33)%
Card Member receivables 57,613 53,645 43,701 3,968 7 9,944 23
Card Member loans 107,964 88,562 73,373 19,402 22 15,189 21
Customer deposits 110,239 84,382 86,87 | 000000041 | 6 | 1,368 | 1,548 | |
000000041::7 | 5 25,857 31 (2,493) (3)
Long-term debt $ 42,573 $ 38,675 $ 42,952 $ 3,898 10 % $ (4,277) (10)% | 000000041 | 7 | 1,548 | 1,642 | |
000000042::0 | CONSOLIDATED BALANCE SHEETS
December 31 (Millions, except share data) 2022 2021
Assets
Cash and cash equivalents
Cash and due from banks (includes restricted cash of consolidated variable interest entities: 2022, $5; 2021, $11) $ 5,510 $ 1,292
Interest-bearing deposits in other banks (includes securities purchased unde... | 000000042 | 0 | 0 | 369 | |
000000042::1 | 97 20,548
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2022, $54; 2021, $32) 307 188
Total cash and cash equivalents 33,914 22,028
Card Member receivables (includes gross receivables available to settle obligations of a consolidated variable interest enti... | 000000042 | 1 | 369 | 754 | |
000000042::2 | 2022, $229; 2021, $64 57,384 53,581
Card Member loans (includes gross loans available to settle obligations of a consolidated variable interest entity: 2022, $28,461; 2021, $26,587),
less reserves for credit losses: 2022, $3,747; 2021, $3,305 104,217 85,257 | 000000042 | 2 | 754 | 1,012 | |
000000042::3 |
Other loans, less reserves for credit losses: 2022, $59; 2021, $52 5,357 2,859
Investment securities 4,578 2,591
Premises and equipment, less accumulated depreciation and amortization: 2022, $9,850; 2021, $8,602 5,215 4,988
Other assets, less reserves for credit losses: 2022, $22; | 000000042 | 3 | 1,012 | 1,295 | |
000000042::4 | 2021, $25 17,689 17,244
Total assets $ 228,354 $ 188,548
Liabilities and Shareholders’ Equity
Liabilities
Customer deposits $ 110,239 $ 84,382
Accounts payable 12,133 10,574
Short-term borrowings 1,348 2,243
Long-term debt (includes debt issued by consolidated variable interest entities: 2022, | 000000042 | 4 | 1,295 | 1,589 | |
000000042::5 | $12,662; 2021, $13,803) 42,573 38,675
Other liabilities 37,350 30,497
Total liabilities $ 203,643 $ 166,371
Contingencies and Commitments (Note 12)
Shareholders’ Equity
Preferred shares, $1.66 par value, authorized 20 million shares; issued and outstanding 1,600 shares as of December 31, | 000000042 | 5 | 1,589 | 1,878 | |
000000042::6 | 2022 and 2021 (Note
16) — —
Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 743 million shares as of December 31, 2022 and 761
million shares as of December 31, 2021 149 153
Additional paid-in capital 11,493 11,495
Retained earnings 16,279 13,474
Accum | 000000042 | 6 | 1,878 | 2,169 | |
000000042::7 | ulated other comprehensive income (loss) (3,210) (2,945)
Total shareholders’ equity 24,711 22,177
Total liabilities and shareholders’ equity $ 228,354 $ 188,548 | 000000042 | 7 | 2,169 | 2,329 | |
000000043::0 | Net card fees increased 17 percent year over-year, as new card acquisitions reached record levels in 2022 and Card Member
retention remained high, demonstrating the impact of investments we have made in our premium value propositions | 000000043 | 0 | 0 | 233 | |
000000044::0 | Table of Contents
American Water Works Company, Inc. | 000000044 | 0 | 0 | 52 | |
000000044::1 | Subsidiary Companies
Consolidated Statements of Cash Flows
(In millions)
For the Years Ended December 31,
2020
2019
2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
$
709
$
621
$
565
Adjustments to reconcile to net cash flows provided by operating activities:
Depreciation and amortization
604
5... | 000000044 | 1 | 56 | 455 | |
000000044::2 | 208
195
Provision for losses on accounts receivable
34
28
33
Loss (gain) on asset dispositions and purchases
—
34
(20)
Impairment charge
—
—
57
Pension and non-pension postretirement benefits
(14)
17
23
Other non-cash, net
(20)
(41)
20
Changes in assets and liabilities:
Receivables and unbilled reven... | 000000044 | 2 | 455 | 789 | |
000000044::3 | (17)
Pension and non-pension postretirement benefit contributions
(39)
(31)
(22)
Accounts payable and accrued liabilities
(2)
66
25
Other assets and liabilities, net
44
(72)
22
Impact of Freedom Industries settlement activities
—
(4)
(40)
Net cash provided by operating activities
1,426
1,383
1,386
CASH FLOWS FR... | 000000044 | 3 | 789 | 1,164 | |
000000044::4 | 22)
(1,654)
(1,586)
Acquisitions, net of cash acquired
(135)
(235)
(398)
Proceeds from sale of assets
2
48
35
Removal costs from property, plant and equipment retirements, net
(106)
(104)
(87)
Net cash used in investing activities
(2,061)
(1,945)
(2,036)
CASH FLOWS | 000000044 | 4 | 1,164 | 1,432 | |
000000044::5 | FROM FINANCING ACTIVITIES
Proceeds from long-term debt
1,334
1,530
1,358
Repayments of long-term debt
(342)
(495)
(526)
Proceeds from term loan
500
—
—
Net short-term borrowings with maturities less than three months
(5)
(178)
60
Issuance of common stock
—
—
183
Proceeds from issuances of employee stoc... | 000000044 | 5 | 1,432 | 1,791 | |
000000044::6 | net of taxes paid of $17, $11
and $8 in 2020, 2019 and 2018, respectively
9
15
16
Advances and contributions in aid of construction, net of refunds of $24, $30 and $22 in 2020, 2019
and 2018, respectively
28
26
21
Debt issuance costs and make-whole premium on early debt redemption
(15)
(15)
(22) | 000000044 | 6 | 1,791 | 2,094 | |
000000044::7 |
Dividends paid
(389)
(353)
(319)
Anti-dilutive share repurchases
—
(36)
(45)
Net cash provided by financing activities
1,120
494
726
Net increase (decrease) in cash, cash equivalents and restricted funds
485
(68)
76
Cash, cash equivalents and restricted funds at beginning of period
91
159
83
Cash, cash equiva... | 000000044 | 7 | 2,094 | 2,460 | |
000000044::8 | 576
$
91
$
159
Cash paid during the year for:
Interest, net of capitalized amount
$
382
$
383
$
332
Income taxes, net of refunds of $2, $4 and $0 in 2020, 2019 and 2018, respectively
$
7
$
12
$
38
Non-cash investing activity:
Capital expenditures acquired on account but unpaid as of year end
$
221 ... | 000000044 | 8 | 2,460 | 2,782 | |
000000044::9 |
235
$
181
The accompanying notes are an integral part of these Consolidated Financial Statements. | 000000044 | 9 | 2,782 | 2,882 | |
000000044::10 | 84 | 000000044 | 10 | 2,883 | 2,885 | |
000000045::0 | Table of Contents
American Water Works Company, Inc. | 000000045 | 0 | 0 | 52 | |
000000045::1 | Subsidiary Companies
Consolidated Statements of Operations
(In millions, except per share data)
For the Years Ended December 31,
2021
2020
2019
Operating revenues
$
3,930
$
3,777
$
3,610
Operating expenses:
Operation and maintenance
1,777
1,622
1,544
Depreciation and amortization
636
604
582
General... | 000000045 | 1 | 56 | 386 | |
000000045::2 |
303
280
Other
—
—
(10)
Total operating expenses, net
2,734
2,529
2,396
Operating income
1,196
1,248
1,214
Other income (expense):
Interest expense
(403)
(397)
(386)
Interest income
4
2
4
Non-operating benefit costs, net
78
49
16
Gain or (loss) on sale of | 000000045 | 2 | 386 | 664 | |
000000045::3 | businesses
747
—
(44)
Other, net
18
22
29
Total other income (expense)
444
(324)
(381)
Income before income taxes
1,640
924
833
Provision for income taxes
377
215
212
Net income attributable to common shareholders
$
1,263
$
709
$
621
Basic earnings per share: (a)
| 000000045 | 3 | 664 | 950 | |
000000045::4 | Net income attributable to common shareholders
$
6.96
$
3.91
$
3.44
Diluted earnings per share: (a)
Net income attributable to common shareholders
$
6.95
$
3.91
$
3.43
Weighted average common shares outstanding:
Basic
182
181
181
Diluted
182
182
181
(a)
Amounts may not calculate due to rounding. | 000000045 | 4 | 950 | 1,270 | |
000000045::5 | The accompanying notes are an integral part of these Consolidated Financial Statements.
84___FINANCEBENCH_DELIMITER___Table of Contents
American Water Works Company, Inc. | 000000045 | 5 | 1,271 | 1,441 | |
000000045::6 | Subsidiary Companies
Consolidated Statements of Cash Flows
(In millions)
For the Years Ended December 31,
2021
2020
2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
$
1,263
$
709
$
621
Adjustments to reconcile to net cash flows provided by operating activities:
Depreciation and amortization
636 ... | 000000045 | 6 | 1,445 | 1,843 | |
000000045::7 | 0
207
208
Provision for losses on accounts receivable
37
34
28
(Gain) or loss on sale of businesses
(747)
—
34
Pension and non-pension postretirement benefits
(41)
(14)
17
Other non-cash, net
(23)
(20)
(41)
Changes in assets and liabilities:
Receivables and unbilled revenues
(74)
(97)
(25)
| 000000045 | 7 | 1,843 | 2,149 | |
000000045::8 | Pension and non-pension postretirement benefit contributions
(40)
(39)
(31)
Accounts payable and accrued liabilities
66
(2)
66
Other assets and liabilities, net
134
44
(76)
Net cash provided by operating activities
1,441
1,426
1,383
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures
(1,764)
(1,822)
... | 000000045 | 8 | 2,149 | 2,489 | |
000000045::9 | , net of cash acquired
(135)
(135)
(235)
Proceeds from sale of assets, net of cash on hand
472
2
48
Removal costs from property, plant and equipment retirements, net
(109)
(106)
(104)
Net cash used in investing activities
(1,536)
(2,061)
(1,945)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt | 000000045 | 9 | 2,489 | 2,809 | |
000000045::10 |
1,118
1,334
1,530
Repayments of long-term debt
(372)
(342)
(495)
(Repayments of) proceeds from term loan
(500)
500
—
Net short-term borrowings with maturities less than three months
(198)
(5)
(178)
(Remittances) proceeds from issuances of employee stock plans and direct stock purchase plan, net of taxes paid of $... | 000000045 | 10 | 2,809 | 3,142 | |
000000045::11 | 11 in
2021, 2020 and 2019, respectively
(1)
9
15
Advances and contributions in aid of construction, net of refunds of $25, $24 and $30 in 2021, 2020 and 2019, respectively
62
28
26
Debt issuance costs and make-whole premium on early debt redemption
(26)
(15)
(15)
Dividends paid
(428)
(3 | 000000045 | 11 | 3,142 | 3,434 | |
000000045::12 | 89)
(353)
Anti-dilutive share repurchases
—
—
(36)
Net cash (used in) provided by financing activities
(345)
1,120
494
Net (decrease) increase in cash, cash equivalents and restricted funds
(440)
485
(68)
Cash, cash equivalents and restricted funds at beginning of period
576
91
159
Cash, cash equivalents and re... | 000000045 | 12 | 3,434 | 3,796 | |
000000045::13 | 76
$
91
Cash paid during the year for:
Interest, net of capitalized amount
$
389
$
382
$
383
Income taxes, net of refunds of $6, $2 and $4 in 2021, 2020 and 2019, respectively
$
1
$
7
$
12
Non-cash investing activity:
Capital expenditures acquired on account but unpaid as of year end
$
292
$
221
$... | 000000045 | 13 | 3,796 | 4,118 | |
000000045::14 | 35
Seller promissory note from the sale of the Homeowner Services Group
$
720
$
—
$
—
Contingent cash payment from the sale of the Homeowner Services Group
$
75
$
—
$
—
The accompanying notes are an integral part of these Consolidated Financial Statements. | 000000045 | 14 | 4,118 | 4,381 | |
000000045::15 | 86 | 000000045 | 15 | 4,382 | 4,384 | |
000000046::0 | American Water Works Company, Inc. | 000000046 | 0 | 0 | 34 |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.