-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BfxKbLV+T/fQgwbRZOQtgbttUu2QQMaXiXTXGv7znE2zFqkwicVja5wjSG9MaVg1 arH1xF8C6ST552IET/f6IQ== 0000318819-95-000013.txt : 19951118 0000318819-95-000013.hdr.sgml : 19951118 ACCESSION NUMBER: 0000318819-95-000013 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950930 FILED AS OF DATE: 19951109 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN WATER WORKS CO INC CENTRAL INDEX KEY: 0000318819 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] IRS NUMBER: 510063696 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-03437 FILM NUMBER: 95588774 BUSINESS ADDRESS: STREET 1: 1025 LAUREL OAK RD CITY: VOORHEES STATE: NJ ZIP: 08043 BUSINESS PHONE: 6093468200 MAIL ADDRESS: STREET 1: 1025 LAUREL OAK ROAD CITY: VOORHEES STATE: NJ ZIP: 08043 10-Q 1 FORM 10-Q Page 1 of 17 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) (X) QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 1995 --------------------------------------------- OR ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to -------------------------- ----------------- Commission File Number 1-3437-2 ----------------------------------------------------- AMERICAN WATER WORKS COMPANY, INC. - --------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 51-0063696 - ------------------------------- ----------------------------------- (State or other jurisdiction of (IRS Employer Identification No.) incorporation or organization) 1025 Laurel Oak Road, Voorhees, New Jersey 08043 - --------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (609) 346-8200 - --------------------------------------------------------------------------- (Registrant's telephone number, including area code) Not Applicable - --------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days. Yes X No ----- ----- At November 1, 1995, the number of shares of common stock, $1.25 par value, outstanding was 33,661,900 shares. Page 2 FORM 10-Q PART I FINANCIAL INFORMATION ---------------------------- Item 1. Financial Statements ----------------------------- AMERICAN WATER WORKS COMPANY, INC. AND SUBSIDIARY COMPANIES ----------------------------------------------------------- Consolidated Statements of Income and Retained Earnings (Unaudited) (In thousands, except per share amounts) Three Months Ended September 30, 1995 1994 -------- -------- CONSOLIDATED INCOME Operating revenues $222,961 $209,844 -------- -------- Operating expenses Operation and maintenance 105,631 101,429 Depreciation and amortization 20,054 18,446 General taxes 19,137 18,382 State income taxes 2,885 2,769 Federal income taxes 17,400 14,290 -------- -------- 165,107 155,316 -------- -------- Operating income 57,854 54,528 Allowance for other funds used during construction 3,372 1,454 Other income 375 324 -------- -------- 61,601 56,306 -------- -------- Income deductions Interest 29,715 27,809 Allowance for borrowed funds used during construction (2,557) (1,175) Amortization of debt expense 310 319 Preferred dividends of subsidiaries 923 948 Other deductions 611 590 -------- -------- 29,002 28,491 -------- -------- Net income 32,599 27,815 Dividends on preferred stocks 996 995 -------- -------- Net income to common stock $ 31,603 $ 26,820 ======== ======== Average shares of common stock outstanding 33,459 32,118 Earnings per common share on average shares outstanding $ 0.94 $ 0.84 ======== ======== CONSOLIDATED RETAINED EARNINGS Balance at beginning of period $636,817 $592,784 Add - net income 32,599 27,815 -------- -------- 669,416 620,599 -------- -------- Page 3 FORM 10-Q Three Months Ended September 30, 1995 1994 -------- -------- Deduct - dividends Preferred stock $ 882 $ 881 Preference stock 114 114 Common stock - $.32 per share in 1995; $.27 per share in 1994 10,689 8,648 -------- -------- 11,685 9,643 -------- -------- Balance at end of period $657,731 $610,956 ======== ======== The accompanying notes are an integral part of these financial statements.
Page 4 FORM 10-Q AMERICAN WATER WORKS COMPANY, INC. AND SUBSIDIARY COMPANIES ----------------------------------------------------------- Consolidated Statements of Income and Retained Earnings (Unaudited) (In thousands, except per share amounts) Nine Months Ended September 30, 1995 1994 -------- -------- CONSOLIDATED INCOME Operating revenues $604,467 $582,639 -------- -------- Operating expenses Operation and maintenance 298,186 294,840 Depreciation and amortization 58,990 54,117 General taxes 57,351 55,165 State income taxes 6,584 5,979 Federal income taxes 39,288 32,495 -------- -------- 460,399 442,596 -------- -------- Operating income 144,068 140,043 Allowance for other funds used during construction 8,144 3,926 Gain from eminent domain litigation 6,600 0 Other income 890 1,423 -------- -------- 159,702 145,392 -------- -------- Income deductions Interest 87,632 82,029 Allowance for borrowed funds used during construction (6,836) (2,949) Amortization of debt expense 951 920 Preferred dividends of subsidiaries 2,783 2,874 Other deductions 1,601 1,544 -------- -------- 86,131 84,418 -------- -------- Net income 73,571 60,974 Dividends on preferred stocks 2,988 2,987 -------- -------- Net income to common stock $ 70,583 $ 57,987 ======== ======== Average shares of common stock outstanding 33,118 31,715 Earnings per common share on average shares outstanding $ 2.13 $ 1.83 ======== ======== CONSOLIDATED RETAINED EARNINGS Balance at beginning of period $618,875 $578,593 Add - net income 73,571 60,974 -------- -------- 692,446 639,567 -------- -------- Page 5 FORM 10-Q Nine Months Ended September 30, 1995 1994 -------- -------- Deduct - dividends Preferred stock $ 2,646 $ 2,645 Preference stock 342 342 Common stock - $.96 per share in 1995; $.81 per share in 1994 31,727 25,624 -------- -------- 34,715 28,611 -------- -------- Balance at end of period $657,731 $610,956 ======== ======== The accompanying notes are an integral part of these financial statements.
Page 6 FORM 10-Q AMERICAN WATER WORKS COMPANY, INC. AND SUBSIDIARY COMPANIES ----------------------------------------------------------- Consolidated Balance Sheet (Unaudited) (In thousands) September 30 December 31 1995 1994 ---------- ---------- ASSETS Property, plant and equipment Utility plant - at original cost less accumulated depreciation $2,794,088 $2,645,079 Utility plant acquisition adjustments 36,090 39,212 Other utility plant adjustments 159 196 Non-utility property, net of accumulated depreciation 20,786 18,951 Excess of cost of investments in subsidiaries over book equity at acquisition 22,832 22,681 ---------- ---------- 2,873,955 2,726,119 ---------- ---------- Current assets Cash and cash equivalents 25,326 30,091 Temporary investments - at cost plus accrued interest 717 1,448 Customer accounts receivable 68,031 50,375 Allowance for uncollectible accounts (1,187) (999) Unbilled revenues 59,975 57,687 Miscellaneous receivables 6,133 5,342 Materials and supplies 10,382 9,846 Deferred vacation pay 9,934 9,256 Other 8,101 7,531 ---------- ---------- 187,412 170,577 ---------- ---------- Regulatory and other long-term assets Regulatory asset - income taxes recoverable through rates 204,176 202,967 Funds restricted for construction 22,806 26,213 Deferred pension expense 16,666 17,931 Debt and preferred stock expense 20,546 18,882 Deferred postretirement benefit expense 9,555 8,545 Tank painting costs 8,497 8,997 Other 30,759 26,423 ---------- ---------- 313,005 309,958 ---------- ---------- $3,374,372 $3,206,654 ========== ========== Page 7 FORM 10-Q AMERICAN WATER WORKS COMPANY, INC. AND SUBSIDIARY COMPANIES ----------------------------------------------------------- Consolidated Balance Sheet (Unaudited) (In thousands) September 30 December 31 1995 1994 ---------- ---------- CAPITALIZATION AND LIABILITIES Capitalization Common stock $ 41,998 $ 40,824 Paid-in capital 102,637 76,003 Retained earnings 657,731 618,875 Unearned compensation (2,370) (2,262) ---------- ---------- Common stockholders' equity 799,996 733,440 Preferred stocks with mandatory redemption requirements 40,000 40,000 Preferred stocks without mandatory redemption requirements 11,673 11,673 Preferred stocks of subsidiaries with mandatory redemption requirements 42,627 43,737 Preferred stocks of subsidiaries without mandatory redemption requirements 6,288 6,288 Long-term debt American Water Works Company, Inc. 131,000 131,000 Subsidiaries 1,238,555 1,177,043 ---------- ---------- 2,270,139 2,143,181 ---------- ---------- Current liabilities Bank debt 103,988 82,425 Current portion of long-term debt 69,315 73,929 Accounts payable 32,115 43,629 Taxes accrued, including federal income 23,674 13,352 Interest accrued 32,451 26,296 Accrued vacation pay 10,309 9,575 Other 28,161 27,587 ---------- ---------- 300,013 276,793 ---------- ---------- Page 8 FORM 10-Q September 30 December 31 1995 1994 ---------- ---------- Regulatory and other long-term liabilities Advances for construction $ 133,047 $ 130,617 Deferred taxes 343,159 331,889 Regulatory liability - income taxes refundable through rates 41,656 42,946 Deferred investment tax credits 38,769 39,702 Accrued pension expense 27,564 29,121 Accrued postretirement benefit expense 9,100 9,100 Other 10,078 4,902 ---------- ---------- 603,373 588,277 ---------- ---------- Contributions in aid of construction 200,847 198,403 ---------- ---------- Commitments and contingencies 0 0 ---------- ---------- $3,374,372 $3,206,654 ========== ========== The accompanying notes are an integral part of these financial statements.
Page 9 FORM 10-Q AMERICAN WATER WORKS COMPANY, INC. AND SUBSIDIARY COMPANIES ----------------------------------------------------------- Consolidated Statement of Cash Flows (Unaudited) (In thousands) Nine Months Ended September 30, 1995 1994 -------- -------- CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 73,571 $ 60,974 Adjustments Depreciation and amortization 58,990 54,117 Provision for deferred income taxes 10,929 10,752 Provision for losses on accounts receivable 3,121 2,800 Allowance for other funds used during construction (8,144) (3,926) Employee benefit expenses less than funding (3,169) (1,437) Common stock contributions to employee benefit plans 2,481 1,784 Deferred tank painting costs (672) (1,270) Deferred rate case expense (1,955) (1,521) Amortization of deferred charges 5,495 5,924 Other, net (927) 3,060 Changes in assets and liabilities Accounts receivable (21,380) (8,942) Unbilled revenues (2,288) (6,746) Other current assets (1,106) (4,248) Accounts payable (11,514) (7,047) Taxes accrued, including federal income 10,322 7,303 Interest accrued 6,155 6,141 Other current liabilities 574 4,184 -------- -------- Net cash from operating activities 120,483 121,902 -------- -------- CASH FLOWS FROM INVESTING ACTIVITIES Construction expenditures (223,616) (169,167) Allowance for other funds used during construction 8,144 3,926 Water system acquisitions (4,676) (4,457) Proceeds from the disposition of property, plant and equipment 15,938 1,457 Removal costs from property, plant and equipment retirements (3,581) (3,306) Funds restricted for construction activity 3,407 5,031 Temporary investments 731 (498) -------- -------- Net cash used in investing activities (203,653) (167,014) -------- -------- Page 10 FORM 10-Q Nine Months Ended September 30, 1995 1994 -------- -------- CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from long-term debt $ 92,794 $ 96,400 Proceeds from common stock 24,422 27,044 Net borrowings (repayments) under line-of-credit agreements 21,563 (73,567) Advances and contributions for construction, net of refunds 12,852 15,810 Debt issuance costs (1,505) (1,566) Repayment of long-term debt (35,896) (3,481) Redemption of preferred stocks (1,110) (2,439) Dividends paid (34,715) (28,611) -------- -------- Net cash from financing activities 78,405 29,590 -------- -------- Net decrease in cash and cash equivalents (4,765) (15,522) Cash and cash equivalents at beginning of period 30,091 52,979 -------- -------- Cash and cash equivalents at end of period $ 25,326 $ 37,457 ======== ======== Cash paid during the period for: Interest, net of capitalized amount $ 83,399 $ 76,940 ======== ======== Income taxes $ 25,179 $ 24,032 ======== ======== Common stock issued in lieu of cash in connection with the Savings Plan for Employees and the Employees Stock Ownership Plan totaled $2,481 in 1995 and $1,784 in 1994. The accompanying notes are an integral part of these financial statements.
Page 11 FORM 10-Q AMERICAN WATER WORKS COMPANY, INC. AND SUBSIDIARY COMPANIES ----------------------------------------------------------- Information Accompanying Financial Statements (Unaudited) (In thousands, except share and per share amounts) September 30 December 31 1995 1994 -------- -------- Capital Stock of American Water Works Company, Inc. Preferred stocks with mandatory redemption requirements Cumulative preferred stock - $25 par value Authorized - 1,770,000 shares 8.50% series (non-voting) - 1,600,000 shares outstanding $ 40,000 $ 40,000 -------- -------- $ 40,000 $ 40,000 ======== ======== Preferred stocks without mandatory redemption requirements Cumulative preferred stock - $25 par value 5% series (one-tenth of a vote per share) - 101,777 shares outstanding $ 2,544 $ 2,544 Cumulative preference stock - $25 par value Authorized - 750,000 shares 5% series (non-voting) - 365,158 shares outstanding 9,129 9,129 -------- -------- $ 11,673 $ 11,673 ======== ======== The terms of the 8.50% preferred stock provide that all shares of the series shall be redeemed on December 1, 2000. Common stockholders' equity Common stock - $1.25 par value Authorized - 100,000,000 shares Outstanding - 33,598,674 shares at September 30, 1995; 32,659,187 at December 31, 1994 $ 41,998 $ 40,824 Paid-in capital 102,637 76,003 Retained earnings 657,731 618,875 Unearned compensation (2,370) (2,262) -------- -------- $799,996 $733,440 ======== ======== During the first nine months of 1995, 784,196 shares of common stock were issued in connection with the Dividend Reinvestment and Stock Purchase Plan, 77,365 shares of common stock were issued in connection with the Employees' Stock Ownership Plan, and 77,926 shares were issued in connection with the Savings Plan for Employees. At September 30, 1995, 30,461,581 common shares were reserved for issuance in connection with the Stockholder Rights Plan, 4,591,447 common shares were reserved for issuance in connection with the Dividend Reinvestment and Stock Purchase Plan, 534,849 shares were reserved for issuance in connection with the Employees' Stock Ownership Plan, 311,611 common shares were reserved for issuance in connection with the Savings Plan for Employees and 350,000 common shares were reserved for the Long-Term Performance-Based Incentive Plan. Page 12 FORM 10-Q AMERICAN WATER WORKS COMPANY, INC. AND SUBSIDIARY COMPANIES ----------------------------------------------------------- Notes to Consolidated Financial Statements (Unaudited) September 30, 1995 NOTE 1 -- Financial Statement Presentation The information presented in this Form 10-Q is unaudited. In the opinion of management the information reported reflects all adjustments, consisting of normal recurring adjustments, which were necessary to a fair statement of the results for the periods reported. Certain reclassifications have been made to conform previously reported data to the current presentation. NOTE 2 -- Acquisitions In late April of 1995, the Company announced that its subsidiary, Pennsylvania-American Water Company (PAWC), had agreed to purchase the water utility operations of Pennsylvania Gas and Water Company(PG&W), a subsidiary of Pennsylvania Enterprises, Inc.(PEI), for approximately $409 million. At a meeting on October 11, the stockholders of PEI and PG&W approved this transaction. The acquisition is still contingent on, among other things, the approval of the Pennsylvania Public Utility Commission and certain debt holders of PEI and PG&W. The acquisition will serve a population of approximately 400,000 people in 62 communities in northeastern Pennsylvania. On November 7, 1995 voters in Howell Township, New Jersey approved a referendum providing for the sale of the community's water system to the Company's subsidiary, New Jersey-American Water Company (NJAWC), for $35.1 million. The system is located between the Shrewsbury and Lakewood operating centers of NJAWC and will connect these two service territories. NOTE 3 -- Grafton Settlement During the second quarter the Company resolved its litigation with the Grafton Water District in Massachusetts to recover the fair market value of the water utility taken through eminent domain by the District in 1988. In 1990, a jury awarded the Company $5.6 million for these assets. Since that time, the District pursued various appeals, all of which resulted in reaffirmation of the jury award. In addition to the approximately $1.1 million paid by the District in 1988, the Company received $6.6 million which includes the remainder of the jury award and $2.1 million in interest. This produced a gain of $3.9 million after applicable income taxes. NOTE 4 -- Ohio Suburban Disposition On September 29, 1995, the sale, under the threat of condemnation, of the Company's subsidiary, Ohio Suburban Water Company (OSWC), was effected. The sale price, based on the July 31, 1995 Balance Sheet was $14.4 million. Approximately $4.5 million of the proceeds from the sale was used to extinguish the debt associated with the subsidiary. In October 1995, an additional $5 million of debt will be retired. A post-closing adjustment, based on the September 30, 1995 Balance Sheet, will occur on or about November 28, 1995. For purposes of this transaction, OSWC owned the assets of the Company through September 28, 1995, and the City of Huber Heights, Ohio owned them thereafter. There was no material gain or loss from this sale of assets. Page 13 FORM 10-Q PART I - FINANCIAL INFORMATION Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations - -------------------------------------------------------------------------- Results of Operations - --------------------- Operating revenues for the first nine months and the third quarter of 1995 were higher than for the same periods of 1994 by 4% and 6%, respectively. The increase in the first nine months is the result of rate increases authorized for certain subsidiaries. Increased customer water usage reflecting the hot, dry weather experienced throughout much of the eastern half of the country, in addition to authorized rate increases for certain subsidiaries, accounted for the third quarter increase. During the first ten months of 1995, eight operating subsidiaries received rate orders which are expected to provide approximately $11.3 million in additional annual revenues. Nine subsidiaries have rate increase applications on file before regulatory agencies which, if granted in full, would provide approximately $82.7 million in additional annual revenues. Water sales in the first nine months of 1995 were equal to the same period in 1994 at approximately 178 billion gallons. The sales volume during the third quarter increased 4% to 71.2 billion gallons from 68.4 billion gallons in 1994. Residential, commercial, industrial, and other customers accounted for 63%, 20%, 1%, and 16%, respectively, of the 4% increase in the third quarter. Operating expenses for the first nine months and the third quarter of 1995 increased by 4% and 6%, respectively, over the same periods last year. The increase in the first nine months of 1995 operating expenses can be attributed to higher general tax, income tax, and depreciation expenses as the result of increased utility plant in service and higher earnings. The third quarter increase in operating expenses resulted from higher general tax, income tax, and depreciation expenses in addition to the costs to purchase, pump and treat the quality water needed to meet the demand of the 1995 third quarter customer usage increase. Income deductions, primarily interest, were 2% higher for the first nine months and 2% higher for the third quarter when compared to 1994. This increase for the first nine months and the third quarter can be attributed primarily to an increase in debt to fund plant additions. Net income to common stock for the first nine months of 1995 was $70.6 million compared with $58 million for the first nine months of 1994. A one-time after-tax gain of $3.9 million was recorded in the second quarter of 1995 reflecting proceeds of $6.6 million from the conclusion of litigation relating to the condemnation of water system assets in Grafton, Massachusetts. Without this one-time gain, net income to common stock for the first nine months of 1995 was $66.7 million. Net income to common stock was $31.6 million for the third quarter of 1995 compared with $26.9 million for the same period in 1994. Page 14 FORM 10-Q Capital Resources and Liquidity - -------------------------------- All shares of common stock issued during 1995 have been the result of stock issued in conjunction with the Dividend Reinvestment and Stock Purchase Plan, the Employees' Stock Ownership Plan, and the Savings Plan for Employees. During the balance of 1995, the Company plans to continue issuing common stock through its Dividend Reinvestment and Stock Purchase Plan and the Savings Plan for Employees. Proceeds from the issuance of common stock will fund additional equity investments in subsidiaries. Eight operating subsidiaries issued $92.8 million of long-term debt during the first nine months of 1995. In addition, the Company invested $67.2 million in the common stock of seven subsidiaries. The proceeds from these financing arrangements have been used to fund construction programs and repay bank borrowings. It is anticipated that some subsidiaries will sell long-term debt to institutional investors and common stock to the Company during the remainder of 1995, with the proceeds used to repay bank loans and to fund construction projects. In late April of 1995, the Company announced that its subsidiary, Pennsylvania-American Water Company (PAWC), had agreed to purchase the water utility operations of Pennsylvania Gas and Water Company(PG&W), a subsidiary of Pennsylvania Enterprises, Inc.(PEI), for approximately $409 million. At a meeting on October 11, the stockholders of PEI and PG&W approved this transaction. The acquisition is still contingent on, among other things, the approval of the Pennsylvania Public Utility Commission and certain debt holders of PEI and PG&W. The acquisition will serve a population of approximately 400,000 people in 62 communities in northeastern Pennsylvania. Pennsylvania-American Water Company will fund the acquisition of the water utility operations of Pennsylvania Gas and Water Company, if approved, through short-term debt. The short-term debt will be refunded through the issuance of long-term debt and the sale of common stock to the Company. In July of 1995, the Orange County Local Agency Formation Commission decided not to approve a $300 million proposal from California-American Water Company, a subsidiary, to acquire the water and wastewater systems of the Santa Margarita Water District ("the District") in Orange County, California. This proposal, made in conjunction with a petition by customers of the District, was filed in May 1994. On September 29, 1995, the sale, under the threat of condemnation, of the Company's subsidiary, Ohio Suburban Water Company (OSWC), was effected. The sale price, based on the July 31, 1995 Balance Sheet was $14.4 million. Approximately $4.5 million of the proceeds from the sale was used to extinguish the debt associated with the subsidiary. In October 1995, an additional $5 million of debt will be retired. A post-closing adjustment, based on the September 30, 1995 Balance Sheet, will occur on or about November 28, 1995. For purposes of this transaction, OSWC owned the assets of the Company through September 28, 1995, and the City of Huber Heights, Ohio owned them thereafter. There was no material gain or loss from this sale of assets. Page 15 FORM 10-Q On November 7, 1995 voters in Howell Township, New Jersey approved a referendum providing for the sale of the community's water system to the Company's subsidiary, New Jersey-American Water Company (NJAWC), for $35.1 million. The system is located between the Shrewsbury and Lakewood operating centers of NJAWC and will connect these two service territories. The Company will continue to seek other opportunities, large and small, to acquire public water systems where we believe our ownership and operations will cause more effective and efficient water service to be provided. Page 16 FORM 10-Q PART II - OTHER INFORMATION Item 6. Exhibits and Reports on Form 8-K ----------------------------------------- A. Exhibits -------- Exhibit number (27), Financial Data Schedule, is filed herewith. B. Reports on Form 8-K ------------------- No report on Form 8-K was filed by the registrant during the quarter ended September 30, 1995. Page 17 FORM 10-Q SIGNATURES - ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. AMERICAN WATER WORKS COMPANY, INC. Date November 8, 1995 \s\ George W. Johnstone ---------------- -------------------------------------- George W. Johnstone, President and CEO (Authorized Officer) Date November 8, 1995 \s\ Robert D. Sievers ---------------- -------------------------------------- Robert D. Sievers, Comptroller (Chief Accounting Officer) EX-27 2
OPUR1 0000318819 R. D. SIEVERS 1,000 9-MOS DEC-31-1995 SEP-30-1995 PER-BOOK 2,794,088 79,867 187,412 282,246 30,759 3,374,372 41,998 100,267 657,731 799,996 82,627 17,961 1,369,555 103,988 0 0 69,315 0 0 0 930,930 3,374,372 604,467 45,872 414,527 460,399 144,068 17,135 161,203 87,632 73,571 2,988 70,583 31,727 84,255 120,483 2.13 0
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