Company: AWK
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001410636-25-000150
Chunk: 118

Company: American Water Works Company, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 118
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 net787 700 1,558 1,385 Operating income489 449 860 775 Other (expense) income:Interest expense (151)(131)(295)(255)Interest income22 25 44 49 Non-operating benefit costs, net4 7 8 16 Other, net12 11 29 18 Total other (expense) income(113)(88)(214)(172)Income before income taxes376 361 646 603 Provision for income taxes87 84 152 141 Net income attributable to common shareholders$289 $277 $494 $462 

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.

Regulated Businesses Segment

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

 For the Three Months Ended June 30,For the Six Months Ended June 30,(In millions)2025202420252024Operating revenues$1,178 $1,057 $2,227 $1,985 Operation and maintenance406 356 801 707 Depreciation and amortization217 189 430 373 General taxes81 77 162 153 Other— (1)— (1)Other (expense) income(102)(84)(201)(163)Provision for income taxes84 78 144 131 Net income attributable to common shareholders$288 $274 $489 $459 

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Operating Revenues 

Presented in the tables below is information regarding the main components of the Regulated Businesses’ operating revenues:

 For the Three Months Ended June 30,For the Six Months