AMERICAN WATER WORKS COMPANY INC (AWK, Financial) filed Annual Report for the period ended 2010-12-31.
American Water Works Company Inc has a market cap of $4.79 billion; its shares were traded at around $27.37 with a P/E ratio of 17.77 and P/S ratio of 1.77. The dividend yield of American Water Works Company Inc stocks is 3.22%.Hedge Fund Gurus that owns AWK: Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns AWK: John Keeley of Keeley Fund Management, Mario Gabelli of GAMCO Investors.
In 2010, we generated $2,710.7 million in total operating revenue and $748.1 million in operating income. In 2009, we generated $2,440.7 million in total operating revenue and $173.6 million in operating income, which included a $450.0 million impairment charge. Our 2009 revenue represents approximately four times the operating revenue of the next largest publicly traded company in the United States water and wastewater business.
2010, operating revenue for our Regulated Businesses segment was $2,424.2 million, accounting for 89.4% of total consolidated operating revenue for the same period. Regulated Businesses segment operating revenues were $2,207.3 million for 2009 and $2,082.7 million for 2008 accounting for 90.4% and 89.1%, respectively, of total operating revenues for the same periods.
For 2010, operating revenue for our Market-Based Operations was $311.8 million, accounting for 11.5% of total operating revenue for the same period. The Market-Based Operations operating revenue was $257.7 million for 2009 and $272.2 million for 2008 accounting for 10.6% and 11.6%, respectively, of total operating revenues for the same periods.
The aging water and wastewater infrastructure in the United States is in constant need of modernization and facilities replacement. Increased regulations to improve water quality and the management of wastewater discharges, which began with passage of the Clean Water Act in 1972 and the Safe Drinking Water Act in 1974, have been among the primary drivers of the need for modernization. The EPA estimated that approximately $335 billion of capital spending will be necessary between 2007 and 2026 to replace aging infrastructure and to comply with standards to ensure quality water systems across the United States. Also, the EPA estimates that approximately $390 billion of capital spending will be necessary over the next 20 years to replace aging infrastructure and ensure quality wastewater systems across the United States. In addition, the American Society of Civil Engineers 2009 Report Card for Americas Infrastructure reinforces the urgency to address infrastructure issues associated with aging water and wastewater systems.
Over the next several years, we estimate that Company-funded capital investment will total between $800 million and $1 billion per year. Our capital investment includes both infrastructure renewal programs, where we replace existing infrastructure, as needed, and construction of facilities to meet environmental requirements and new customer growth. The charts below set forth our estimated percentage of projected capital expenditures by asset type and purpose of investment, respectively:
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American Water Works Company Inc has a market cap of $4.79 billion; its shares were traded at around $27.37 with a P/E ratio of 17.77 and P/S ratio of 1.77. The dividend yield of American Water Works Company Inc stocks is 3.22%.Hedge Fund Gurus that owns AWK: Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns AWK: John Keeley of Keeley Fund Management, Mario Gabelli of GAMCO Investors.
Highlight of Business Operations:
Common Stock, $0.01 par value$3,599,812,014 as of June 30, 2010.In 2010, we generated $2,710.7 million in total operating revenue and $748.1 million in operating income. In 2009, we generated $2,440.7 million in total operating revenue and $173.6 million in operating income, which included a $450.0 million impairment charge. Our 2009 revenue represents approximately four times the operating revenue of the next largest publicly traded company in the United States water and wastewater business.
2010, operating revenue for our Regulated Businesses segment was $2,424.2 million, accounting for 89.4% of total consolidated operating revenue for the same period. Regulated Businesses segment operating revenues were $2,207.3 million for 2009 and $2,082.7 million for 2008 accounting for 90.4% and 89.1%, respectively, of total operating revenues for the same periods.
For 2010, operating revenue for our Market-Based Operations was $311.8 million, accounting for 11.5% of total operating revenue for the same period. The Market-Based Operations operating revenue was $257.7 million for 2009 and $272.2 million for 2008 accounting for 10.6% and 11.6%, respectively, of total operating revenues for the same periods.
The aging water and wastewater infrastructure in the United States is in constant need of modernization and facilities replacement. Increased regulations to improve water quality and the management of wastewater discharges, which began with passage of the Clean Water Act in 1972 and the Safe Drinking Water Act in 1974, have been among the primary drivers of the need for modernization. The EPA estimated that approximately $335 billion of capital spending will be necessary between 2007 and 2026 to replace aging infrastructure and to comply with standards to ensure quality water systems across the United States. Also, the EPA estimates that approximately $390 billion of capital spending will be necessary over the next 20 years to replace aging infrastructure and ensure quality wastewater systems across the United States. In addition, the American Society of Civil Engineers 2009 Report Card for Americas Infrastructure reinforces the urgency to address infrastructure issues associated with aging water and wastewater systems.
Over the next several years, we estimate that Company-funded capital investment will total between $800 million and $1 billion per year. Our capital investment includes both infrastructure renewal programs, where we replace existing infrastructure, as needed, and construction of facilities to meet environmental requirements and new customer growth. The charts below set forth our estimated percentage of projected capital expenditures by asset type and purpose of investment, respectively:
Read the The complete Report
