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8-K - 8-K - COMPUTATION OF RATIOS - American Water Works Company, Inc.awk-8k_20170807.htm

Exhibit 99.1

American Water Works Company, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2013

 

2014

 

2015

 

2016

 

For the six months ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes

$

630

 

$

608

 

$

710

 

$

782

 

$

770

 

$

371

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest, dividend on mandatory redeemable preferred shares and amortization of debt discount and expenses and premium on all indebtedness

 

317

 

 

315

 

 

305

 

 

316

 

 

331

 

 

174

 

  Interest factor in rentals

 

10

 

 

8

 

 

7

 

 

7

 

 

8

 

 

5

 

  Interest costs from discontinued operations

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

  Total fixed charges

 

327

 

 

323

 

 

312

 

 

323

 

 

339

 

 

179

 

Income from continuing operations plus fixed charges

 

957

 

 

931

 

 

1,022

 

 

1,105

 

 

1,109

 

 

550

 

Ratio of pre-tax income to net income

 

1.69

 

 

1.64

 

 

1.65

 

 

1.64

 

 

1.65

 

 

1.65

 

Total fixed charges

 

327

 

 

323

 

 

312

 

 

323

 

 

339

 

 

179

 

Ratio of earnings to fixed charges

 

2.93

 

 

2.88

 

 

3.27

 

 

3.42

 

 

3.27

 

 

3.07

 

 

American Water Capital Corp.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2013

 

2014

 

2015

 

2016

 

For the six months ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest, dividend on mandatory redeemable preferred shares and amortization of debt discount and expenses and premium on all indebtedness

 

214

 

 

226

 

 

215

 

 

229

 

 

247

 

 

134

 

  Interest factor in rentals

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

  Interest costs from discontinued operations

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

  Total fixed charges

 

214

 

 

226

 

 

215

 

 

229

 

 

247

 

 

134

 

Income (loss) plus fixed charges

 

214

 

 

226

 

 

215

 

 

229

 

 

247

 

 

134

 

Ratio of pre-tax income to net income

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

Total fixed charges

 

214

 

 

226

 

 

215

 

 

229

 

 

247

 

 

134

 

Ratio of earnings to fixed charges

 

1.00

 

 

1.00

 

 

1.00

 

 

1.00

 

 

1.00

 

 

1.00