Company: AWK
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001410636-25-000150
Chunk: 127

Company: American Water Works Company, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 127
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494 $462 Add (less):Depreciation and amortization437 381 Deferred income taxes and amortization of investment tax credits51 37 Other non-cash activities (a)(19)(20)Changes in assets and liabilities (b)(309)(111)Pension contributions(22)(22)Net cash provided by operating activities$632 $727 

(a)Includes provision for losses on accounts receivable, pension and non-pension postretirement benefits and other non-cash, net. 

(b)Changes in assets and liabilities include changes to receivables and unbilled revenues, income tax receivable, accounts payable and accrued liabilities, accrued taxes and other assets and liabilities, net.

For the six months ended June 30, 2025, cash flows provided by operating activities decreased $95 million, primarily due to the CAMT liability included in the Company’s 2024 extension payment in the second quarter of 2025, utilization of income tax receivables in the prior year, and higher customer receivables and unbilled revenues in the current period. The decrease was partially offset by an increase in net income and depreciation.

Cash Flows from Investing Activities

Presented in the table below is a summary of the major items affecting the Company’s cash flows from investing activities:

 For the Six Months Ended June 30,(In millions)20252024Capital expenditures$(1,281)$(1,279)Acquisitions, net of cash acquired(13)(119)Removal costs from property, plant and equipment retirements, net(71)(73)Purchases of available-for-sale fixed-income securities(35)— Proceeds from sales and maturities of available-for-sale fixed-income securities60 — Net cash used in investing activities$(1,340)$(1,471)

For the six months ended June 30, 2025, cash flows used in investing activities decreased $131 million, primarily due to decreased payments for acquisitions in the current period. The Company plans to invest approximately $3.3 billion on growth through capital investment in infrastructure and acquisitions in the Regulated Businesses in 2025. 

49

Cash Flows from Financing Activities

Presented in the table below is a summary of the major items affecting the Company’s cash flows from financing activities:

 For the Six Months Ended June 30,(In millions)20252024Proceeds from long-term debt, net of discount$876 $1,403 Repayments of long-term debt