AWK Growth Outlook and Military Services Strategic Value
Reconciliation Table:
Regulated Segment O&M Efficiency Ratio
Regulated Segment O&M Efficiency Ratio
(A Non-GAAP Unaudited Number)
($ in milions)
Total operations and maintenance expense
Less:
FY
2010
FY
2012
FY
2014
FY
2016
FY
2018
FY
2020
FY
2021
$1,291
$1,330
$1,350
$1,504
$1,479
$1,622
$1,777
AMERICAN WATER
Operations and maintenance expense Market-Based Business
257
256
Operation and maintenance expenses Other
(61)
(56)
Total operations and maintenance expense - Regulated Businesses
Less:
$1,095
$1,130
Regulated purchased water expense
Allocation of non operation and maintenance expenses
100
110
29
35
Impact of Freedom Industries activities
Estimated impact of weather
Adjusted operations and maintenance expense - Regulated Businesses (a)
$966
5
$980
ཝིདྷདྡྷི – ཝིམཋཝེ་
372
362
389
482
(44)
(42)
$1,112
$1,176
$1,159
(25)
$1,258
122
133
149
30
31
41
185
(20)
0
0
$959
$1,015
$1,058
$1,138
ཝེཊྛིཾ་ ༣༥༠༠-
$1,325
Total operating revenues
$2,555
$2,854
$3,011
$3,302
$3,440
$3,777
$3,930
Less:
Operating Revenues-Market Based Business
Operating Revenues-Other
Total pro forma operating revenues-Regulated Businesses
295
307
355
451
476
540
563
(26)
(17)
(18)
(20)
(20)
(17)
(17)
$2.285
$2,564
$2.674
$2,871
$2,984
$3,254
$3,384
Less:
Regulated Purchased Water expense*
100
110
122
122
133
Other revenue reductions for the amortization of excess accumulated defered income taxes
Plus:
149
(7)
153
(104)
Freedom Industries chemical spill in West Virginia
Estimated impact of weathe
Adjusted pro forma operating revenues-Regulated Businesses [b]
1
(47)
17
$2.186
$2.407
$2,570
$2,749
$2,851
$3,112
$3,335
Adjusted O&M efficiency ratio-Regulated Businesses (a][b]
44.2%
40.7%
36.7%
34.9%
35.6%
34.3%
34.1%
Adjusted operations and maintenance expense - Regulated Businesses
Less:
$966
$980
$943
$959
Impact of adoption of ASU 2017-07**
39
(8)
12
Adjusted operations and maintenance expense Regulated Businesses (c)
$966
$941
$951
$947
Adjusted operating revenues-Regulated Businesses
$2.186
$2.407
$2,570
$2,749
Less pro forma adjustment
Pro forma adjustment for impact of the TCJA***
89
112
Adjusted pro forma operating revenues-Regulated Businesses (d)
$2,097
$2,294
137
$2,433
161
$2,588
* Calculation assumes purchased water revenues
approximate purchased water expenses
** Includes the impact of the Company's adoption of ASU
2017-07, Compensation - Retirement Benefits (Topic 715):
Improving the Presentation of Net Periodic Pension Cost
and Net Periodic Post-retirement Benefit, on January 1,
2018
*** Calculation of Estimated tax reform = Revenue
Requirement with new Effective Tax Rate (taxes grossed
up) - Revenue Requirement with old Effective Tax Rate
Adjusted O&M efficiency ratio-Regulated Businesses (c)(d)
46.1%
41.0%
39.1%
36.6%
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