American Water Works Files Q3 2024 10-Q

TL;DR

**AWK Q3 10-Q FILED: Check financials for water utility giant.**

AI Summary

American Water Works Company, Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and the first nine months of the fiscal year. Key financial data and operational updates are provided, reflecting the company's performance in the water utility sector.

Why It Matters

This filing provides investors with a detailed look at American Water Works' financial health and operational performance for the third quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: low — 10-Q filings are standard financial reports for public companies and generally do not indicate immediate high risk.

Key Numbers

• 2024 Q3 — Reporting Period (Covers the third quarter of the fiscal year.)
• 2024-09-30 — Period End Date (The date as of which the financial information is reported.)
• 2024-10-30 — Filing Date (The date the report was officially submitted to the SEC.)

Key Players & Entities

• American Water Works Company, Inc. (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• 20241030 (date) — Filing date
• Camden, NJ (location) — Company headquarters

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 per share AWK New York Stock Exchange

Filing Documents

• awk-20240930.htm (10-Q) — 1753KB
• a2024q3ex-102_wellsfargoxa.htm (EX-10.2) — 52KB
• a2024q3ex-103_hardwickxceo.htm (EX-10.3) — 54KB
• a2024q3ex-104_griffithxpre.htm (EX-10.4) — 60KB
• a2024q3ex-105_bowlerxevpan.htm (EX-10.5) — 60KB
• a2024q3ex-106_mitchellxevp.htm (EX-10.6) — 60KB
• a2024q3ex-107_omnibusamend.htm (EX-10.7) — 21KB
• a2024q3ex-108_omnibusamend.htm (EX-10.8) — 22KB
• a2024q3ex-109_omnibusamend.htm (EX-10.9) — 22KB
• a2024q3ex-1010_omnibusamen.htm (EX-10.10) — 22KB
• a2024q3ex-311.htm (EX-31.1) — 9KB
• a2024q3ex-312.htm (EX-31.2) — 9KB
• a2024q3ex-321.htm (EX-32.1) — 4KB
• a2024q3ex-322.htm (EX-32.2) — 4KB
• image_0.jpg (GRAPHIC) — 8KB
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• 0001410636-24-000187.txt ( ) — 11188KB
• awk-20240930.xsd (EX-101.SCH) — 74KB
• awk-20240930_cal.xml (EX-101.CAL) — 94KB
• awk-20240930_def.xml (EX-101.DEF) — 318KB
• awk-20240930_lab.xml (EX-101.LAB) — 682KB
• awk-20240930_pre.xml (EX-101.PRE) — 488KB
• awk-20240930_htm.xml (XML) — 1567KB

Forward-Looking Statements

Forward-Looking Statements 1

Financial Information

Part I. Financial Information

Consolidated Financial Statements

Item 1. Consolidated Financial Statements 4

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 38

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 52

Controls and Procedures

Item 4. Controls and Procedures 53

Other Information

Part II. Other Information

Legal Proceedings

Item 1. Legal Proceedings 54

Risk Factors

Item 1A. Risk Factors 55

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 56

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 56

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 56

Other Information

Item 5. Other Information 56

Exhibits

Item 6. Exhibits 56

Signatures

Signatures 58 * * * Throughout this Quarterly Report on Form 10-Q ("Form 10-Q"), unless the context otherwise requires, references to the "Company" and "American Water" mean American Water Works Company, Inc. and all of its subsidiaries, taken together as a whole. References to the "parent company" mean American Water Works Company, Inc., without its subsidiaries. The Company maintains a website at https://amwater.com , an Investor Relations website at https://ir.amwater.com , a Sustainability website at https://ir.amwater.com/sustainability and a Diversity and Inclusion website at https://diversityataw.com . Information contained on the Company's websites, including its Sustainability Report, its Inclusion, Diversity and Equity Report, and other reports or documents, shall not be deemed incorporated into, or to be a part of, this report, and any website references included herein are not intended to be made through active hyperlinks. i Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

CONSOLIDATED FINANCIAL STATEMENTS

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS American Water Works Company, Inc. and Subsidiary Companies Consolidated Balance Sheets (Unaudited) (In millions, except share and per share data) September 30, 2024 December 31, 2023 ASSETS Property, plant and equipment $ 33,940 $ 32,189 Accumulated depreciation ( 6,933 ) ( 6,751 ) Property, plant and equipment, net 27,007 25,438 Current assets: Cash and cash equivalents 127 330 Restricted funds 40 34 Accounts receivable, net of allowance for uncollectible accounts of $ 50 and $ 51 , respectively 453 339 Income tax receivable 7 86 Unbilled revenues 310 302 Materials and supplies 105 112 Other 195 186 Total current assets 1,237 1,389 Regulatory and other long-term assets: Regulatory assets 1,119 1,106 Secured seller promissory note from the sale of the Homeowner Services Group 795 720 Operating lease right-of-use assets 89 86 Goodwill 1,143 1,143 Other 400 416 Total regulatory and other long-term assets 3,546 3,471 Total assets $ 31,790 $ 30,298 The accompanying notes are an integral part of these Consolidated Financial Statements. 4 Table of Contents American Water Works Company, Inc. and Subsidiary Companies Consolidated Balance Sheets (Unaudited) (In millions, except share and per share data) September 30, 2024 December 31, 2023 CAPITALIZATION AND LIABILITIES Capitalization: Common stock ($ 0.01 par value; 500,000,000 shares authorized; 200,345,035 and 200,144,968 shares issued, respectively) $ 2 $ 2 Paid-in-capital 8,588 8,550 Retained earnings 2,172 1,659 Accumulated other comprehensive loss ( 8 ) ( 26 ) Treasury stock, at cost ( 5,451,216 and 5,414,867 shares, respectively) ( 392 ) ( 388 ) Total common shareholders' equity 10,362 9,797 Long-term debt 12,550 11,715 Redeemable preferred stock at redemption value 3 3 Total long-term debt 12,553 11,718 Total capitalization 22,915 21,515 Current liabilities: Short-term debt 215 179 Current portion of long-term debt 585

Notes to Consolidated Financial Statements (Unaudited)

Notes to Consolidated Financial Statements (Unaudited) (U

View Full Filing

View this 10-Q filing on SEC EDGAR