| Summarized Segment Information |
The accounting policies of the segments are the same as those described in the summary of significant accounting policies. (See Note 2) The Regulated Businesses and Market-Based Operations segment information includes intercompany costs that are allocated by American Water Works Service Company, Inc. and intercompany interest that is charged by AWCC, which are eliminated to reconcile to the consolidated results of operations. Inter-segment revenues, which are primarily recorded at cost plus mark-up that approximates current market prices, include carbon regeneration services and leased office space, furniture and equipment provided by the Company’s market-based subsidiaries to its regulated subsidiaries. Other includes corporate costs that are not allocated to the Company’s subsidiaries, eliminations of inter-segment transactions, fair value adjustments and associated income and deductions related to the Acquisitions that have not been allocated to the segments for evaluation of segment performance and allocation of resource purposes. The adjustments related to the Acquisitions are reported in Other, as they are excluded from segment performance measures evaluated by management. The following table includes the Company’s summarized segment information:
|
As of or for the Year Ended |
|
|
December 31, 2013 |
|
|
Regulated |
|
|
Market-Based |
|
|
|
|
|
|
|
|
|
|
Businesses |
|
|
Operations |
|
|
Other |
|
|
Consolidated |
|
Net operating revenues |
$ |
2,593,918 |
|
|
$ |
325,463 |
|
|
$ |
(17,523 |
) |
|
$ |
2,901,858 |
|
Depreciation and amortization |
|
375,939 |
|
|
|
7,013 |
|
|
|
24,766 |
|
|
|
407,718 |
|
Total operating expenses, net |
|
1,700,052 |
|
|
|
277,691 |
|
|
|
(21,734 |
) |
|
|
1,956,009 |
|
Income from continuing operations before income taxes |
|
654,834 |
|
|
|
50,637 |
|
|
|
(100,001 |
) |
|
|
605,470 |
|
Total assets |
|
13,429,087 |
|
|
|
286,048 |
|
|
|
1,354,398 |
|
|
|
15,069,533 |
|
Capital expenditures |
|
973,301 |
|
|
|
6,951 |
|
|
|
0 |
|
|
|
980,252 |
|
|
As of or for the Year Ended |
|
|
December 31, 2012 |
|
|
Regulated |
|
|
Market-Based |
|
|
|
|
|
|
|
|
|
|
Businesses |
|
|
Operations |
|
|
Other |
|
|
Consolidated |
|
Net operating revenues |
$ |
2,564,434 |
|
|
$ |
330,329 |
|
|
$ |
(17,874 |
) |
|
$ |
2,876,889 |
|
Depreciation and amortization |
|
349,629 |
|
|
|
6,661 |
|
|
|
25,213 |
|
|
|
381,503 |
|
Total operating expenses, net |
|
1,685,734 |
|
|
|
288,099 |
|
|
|
(21,917 |
) |
|
|
1,951,916 |
|
Income from continuing operations before income taxes |
|
649,117 |
|
|
|
45,817 |
|
|
|
(63,676 |
) |
|
|
631,258 |
|
Total assets |
|
12,680,856 |
|
|
|
260,255 |
|
|
|
1,777,865 |
|
|
|
14,718,976 |
|
Capital expenditures |
|
921,500 |
|
|
|
7,074 |
|
|
|
0 |
|
|
|
928,574 |
|
Capital expenditures of discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(included in above) |
|
2,884 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,884 |
|
|
As of or for the Year Ended |
|
|
December 31, 2011 |
|
|
Regulated |
|
|
Market-Based |
|
|
|
|
|
|
|
|
|
|
Businesses |
|
|
Operations |
|
|
Other |
|
|
Consolidated |
|
Net operating revenues |
$ |
2,368,891 |
|
|
$ |
327,815 |
|
|
$ |
(30,470 |
) |
|
$ |
2,666,236 |
|
Depreciation and amortization |
|
321,540 |
|
|
|
6,822 |
|
|
|
23,459 |
|
|
|
351,821 |
|
Total operating expenses, net |
|
1,609,276 |
|
|
|
290,768 |
|
|
|
(36,944 |
) |
|
|
1,863,100 |
|
Income from continuing operations before income taxes |
|
535,445 |
|
|
|
39,324 |
|
|
|
(71,089 |
) |
|
|
503,680 |
|
Total assets |
|
12,843,820 |
|
|
|
256,110 |
|
|
|
1,676,461 |
|
|
|
14,776,391 |
|
Assets of discontinued operations (included in total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
assets above) |
|
904,391 |
|
|
|
0 |
|
|
|
25,467 |
|
|
|
929,858 |
|
Capital expenditures |
|
920,210 |
|
|
|
4,648 |
|
|
|
0 |
|
|
|
924,858 |
|
Capital expenditures of discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(included in above) |
|
21,052 |
|
|
|
86 |
|
|
|
0 |
|
|
|
21,138 |
|
|