American Water Works Company, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by American Water Works Company, Inc. on December 3, 2010. The report primarily serves to disclose the computation of the Ratio of Earnings to Fixed Charges and Preferred Stock Dividends for the registrant and its subsidiary, American Water Capital Corp.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it references an attached exhibit (Exhibit 12.1) containing the computation of the Ratio of Earnings to Fixed Charges and Preferred Stock Dividends for the fiscal years ended December 31, 2005 through 2009, and the nine months ended September 30, 2010.
Material Changes
No material changes in financial performance or position are described within the body of this filing. The document functions as a procedural disclosure to incorporate historical debt coverage ratios by reference.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. It is a standard regulatory filing to satisfy disclosure requirements regarding fixed charge coverage.
Investor Verification Checklist
- Review Exhibit 12.1 for the specific computed ratios of earnings to fixed charges for the years 2005-2009 and the nine months ended September 30, 2010.
- Verify the terms of the Indenture dated December 4, 2009 (Exhibit 4.1) between American Water Capital Corp. and Wells Fargo Bank, National Association.
- Confirm that the referenced ratios meet the covenants required by the company's debt agreements.