Company: AWK
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001410636-25-000083
Chunk: 100

Company: American Water Works Company, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 100
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 and customer count, resulting from infrastructure surcharge authorizations that became effective during 2025:

(In millions)Effective DateAmountInfrastructure surcharges by state:MissouriFebruary 7, 2025$17 KentuckyJanuary 1, 20252 West VirginiaJanuary 1, 20254 Total infrastructure surcharge authorizations$23 

Pending Infrastructure Surcharge Filings

On April 15, 2025, the Company’s New Jersey subsidiary filed an infrastructure surcharge proceeding requesting $15 million in additional annualized revenues.

Consolidated Results of Operations

Presented in the table below are the Company’s consolidated results of operations:

 For the Three Months Ended March 31,(In millions)20252024Operating revenues$1,142 $1,011 Operating expenses:Operation and maintenance468 416 Depreciation and amortization216 188 General taxes87 81 Total operating expenses, net771 685 Operating income371 326 Other (expense) income:Interest expense (144)(124)Interest income22 24 Non-operating benefit costs, net4 9 Other, net17 7 Total other (expense) income(101)(84)Income before income taxes270 242 Provision for income taxes65 57 Net income attributable to common shareholders$205 $185 

Segment Results of Operations

The Company’s operating segments are comprised of its businesses which generate revenue, incur expense and have separate financial information which is regularly used by the chief operating decision maker to make operating decisions, assess performance and allocate resources. The Company operates its business primarily through one reportable segment, the Regulated Businesses segment. Other, primarily includes MSG, which does not meet the criteria of a reportable segment in accordance with GAAP. Other also includes corporate costs that are not allocated to the Company’s Regulated Businesses, interest income related to the secured seller promissory note from the sale of HOS, income from assets not associated with the Regulated Businesses, eliminations of inter-segment transactions and fair value adjustments related to acquisitions that have not been allocated to the Regulated Businesses segment. This presentation is consistent with how management assesses the results of these businesses.

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Regulated Businesses Segment

Presented in the table below is financial information for the Regulated Businesses:

 For the Three Months Ended March 31,(In millions)20252024Operating revenues$1,049 $928 Operation and maintenance395 351 Deprec