For the year ending 2025-12-31, AWK had -$1M decrease in cash & cash equivalents over the period. -$1,067M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Operating revenues | 5,140 | 4,684 | - | - |
| Operation and maintenance | 2,019 | 1,858 | - | - |
| Other segment items | 280 | 250 | - | - |
| Depreciation and amortization | 894 | 788 | - | - |
| Interest expense | 615 | 523 | - | - |
| Interest income | 90 | 94 | - | - |
| Provision for (benefit from) income taxes | 311 | 308 | - | - |
| Net income | 1,111 | 1,051 | 944 | 820 |
| Depreciation and amortization | 894 | 788 | 704 | 649 |
| Deferred income taxes and amortization of investment tax credits | 135 | 156 | 208 | 80 |
| Provision for losses on accounts receivable | 48 | 31 | 24 | 24 |
| Gain on sale of businesses | - | 0 | 0 | 19 |
| Pension and non-pension postretirement benefits | 1 | -3 | 6 | 47 |
| Other non-cash, net | 30 | -34 | 27 | -7 |
| Receivables and unbilled revenues | 145 | 107 | 56 | 114 |
| Income tax receivable | -16 | -61 | -28 | 110 |
| Pension and non-pension postretirement benefit contributions | -49 | -52 | -49 | -51 |
| Accounts payable and accrued liabilities | 97 | 111 | 70 | -8 |
| Accrued taxes | -30 | 92 | 21 | -118 |
| Other assets and liabilities, net | -11 | 117 | -13 | 5 |
| Net cash provided by operating activities | 2,059 | 2,045 | 1,874 | 1,108 |
| Capital expenditures | 3,126 | 2,856 | 2,575 | 2,297 |
| Acquisitions, net of cash acquired | 71 | 417 | 81 | 315 |
| Proceeds from sale of assets, net of cash on hand | - | 0 | 0 | 608 |
| Removal costs from property, plant and equipment retirements, net | 175 | 152 | 159 | 123 |
| Purchases of available-for-sale fixed-income securities | 46 | 135 | - | - |
| Proceeds from sales and maturities of available-for-sale fixed-income securities | 109 | 181 | - | - |
| Net cash used in investing activities | -3,309 | -3,379 | -2,815 | -2,127 |
| Proceeds from long-term debt, net of discount | 1,781 | 1,437 | 1,264 | 822 |
| Repayments of long-term debt | 664 | 475 | 282 | 15 |
| (repayments of) proceeds from term loan | - | - | 0 | 0 |
| Net proceeds from common stock financing | 0 | 0 | 1,688 | - |
| Net short-term borrowings (repayments) with maturities less than three months | 709 | 700 | -996 | 591 |
| Advances and contributions in aid of construction, net of refunds of 31, 33 and 25 in 2025, 2024 and2023, respectively | 67 | 39 | 60 | 74 |
| Debt issuance costs | 17 | 14 | 16 | 7 |
| Dividends paid | 633 | 585 | 532 | 467 |
| Other, net | 6 | 8 | 2 | 2 |
| Net cash provided by financing activities | 1,249 | 1,110 | 1,188 | 1,000 |
| Net (decrease) increase in cash, cash equivalents and restricted funds | -1 | -224 | 247 | -19 |
| Cash and cash equivalents at beginning of period | 140 | 364 | 117 | 136 |
| Cash and cash equivalents at end of period | 139 | 140 | 364 | 117 |
American Water Works Company, Inc. (AWK)
American Water Works Company, Inc. (AWK)