Company: AWK
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001410636-25-000022
Chunk: 141

Company: American Water Works Company, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 141
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)Income before income taxes1,359 1,196 1,008 Provision for income taxes308 252 188 Net income attributable to common shareholders$1,051 $944 $820 

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. For a discussion and analysis of the Company’s financial statements for fiscal 2023 compared to fiscal 2022, please refer to Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 14, 2024.

Regulated Businesses Segment

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

 For the Years Ended December 31,(In millions)202420232022Operating revenues$4,296 $3,920 $3,505 Operation and maintenance1,517 1,441 1,345 Depreciation and amortization772 693 633 General taxes301 288 264 Other operating (income) expense— (1)— Other income (expense)(339)(269)(220)Provision for income taxes302 259 188 Net income attributable to common shareholders$1,065 $971 $854 

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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 Years Ended December 31,(In millions)202420232022Water services:   Residential$2,349 $2,143 $1,941 Commercial885 798 710 Fire service164