Summary
This filing is an amendment to American Water Works Company, Inc.'s (AWK) 2009 Form 10-K, primarily addressing technical corrections related to CEO and CFO certifications on internal controls over financial reporting. While it does not introduce new financial performance data for 2009, it confirms that AWK is a large accelerated filer as of December 31, 2009, indicating a substantial market capitalization and robust reporting history. Investors should note that this amendment's focus is on compliance and disclosure accuracy rather than operational or financial results for the period. The detailed exhibit list provides context on the company's governance and compensation structures, reflecting ongoing efforts to ensure proper financial reporting and internal controls.
Financial Highlights
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Financial Statements
Beta
| Revenue | $2.29B |
| Operating Expenses | $2.11B |
| Operating Income | $183.84M |
| Interest Expense | $296.62M |
| Net Income | -$233.08M |
| EPS (Basic) | $-1.39 |
| EPS (Diluted) | $-1.39 |
| Shares Outstanding (Basic) | 168.16M |
| Shares Outstanding (Diluted) | 168.16M |
Key Highlights
- 1The filing is an amendment (Amendment No. 1) to the Form 10-K for the fiscal year ended December 31, 2009, primarily to correct CEO and CFO certifications regarding internal controls over financial reporting.
- 2American Water Works Company, Inc. is identified as a large accelerated filer, signifying its status as a large-cap company with a history of SEC filings.
- 3The amendment includes corrected certifications (Exhibits 31.1 and 31.2) with the necessary language concerning internal controls.
- 4The filing also corrects the identification of a document incorporated by reference and adds a new exhibit (Exhibit 10.42), indicating ongoing attention to documentation and record-keeping.
- 5The extensive list of exhibits references numerous agreements, plans, and policies related to corporate governance, executive compensation, debt instruments, and subsidiary structures, providing insight into the company's operational framework.
- 6The aggregate market value of common equity held by non-affiliates was $3,335,885,725 as of June 30, 2009, and 174,670,026 shares were outstanding as of February 25, 2010.
Frequently Asked Questions
The primary purpose of this amendment is to correct omissions in the original CEO and CFO certifications regarding internal controls over financial reporting. It ensures that these certifications contain all required language as per SEC regulations. Additionally, it rectifies a reference error for an incorporated document and adds a new exhibit.
No, this amendment does not present new financial performance data. It is a procedural filing focused on correcting certifications and documentation related to the original 10-K filing for the fiscal year ended December 31, 2009. The financial statements themselves were included in the original 10-K.
Being a 'large accelerated filer' indicates that American Water Works Company, Inc. meets specific SEC thresholds for market capitalization (aggregate worldwide market value of voting and non-voting common equity held by non-affiliates of $700 million or more as of the last business day of its most recently completed second fiscal quarter) and has been subject to the reporting requirements of the Securities Exchange Act of 1934 for at least 12 calendar months. This classification implies a significant size and maturity of the company.
The exhibits listed provide details on a wide range of corporate matters. This includes information on the company's legal structure (subsidiaries, charter documents), executive and director compensation plans (equity plans, incentive plans, retirement plans), debt financing agreements (indentures, credit agreements), and significant corporate transactions (merger agreements, separation agreements). These exhibits offer a deeper look into the company's governance, financial structure, and operational framework.