American Water Works Company, Inc. (AWK) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	3,914.0	3,743.0	3,587.0	3,440.0	3,357.0	3,302.0	3,159.0	3,011.0
Revenue growth	4.6%	4.3%	4.3%	2.5%	1.7%	4.5%	4.9%	4.6%
Cost of goods sold	1,777.0	1,622.0	1,534.0	1,479.0	1,369.0	1,499.0	1,404.0	1,350.0
Gross profit	2,137.0	2,121.0	2,053.0	1,961.0	1,988.0	1,803.0	1,755.0	1,661.0
Gross margin	54.6%	56.7%	57.2%	57.0%	59.2%	54.6%	55.6%	55.2%
Selling, general and administrative	2,734.0	2,529.0	2,396.0	2,338.0	2,104.0	2,217.0	2,084.0	658.0
EBITA	1,205.0	1,260.0	1,228.0	1,151.0	1,241.0	1,079.0	1,072.0	1,001.0
EBITA margin	30.8%	33.7%	34.2%	33.5%	37.0%	32.7%	33.9%	33.2%
Amortization of intangibles	9.0	12.0	14.0	12.0	4.0	4.0
EBIT	1,196.0	1,248.0	1,214.0	1,139.0	1,237.0	1,075.0	1,072.0	1,001.0
EBIT margin	30.6%	33.3%	33.8%	33.1%	36.8%	32.6%	33.9%	33.2%
Pre-tax income	1,640.0	924.0	833.0	787.0	912.0	770.0	782.0	710.0
Income taxes	377.0	215.0	212.0	222.0	486.0	302.0	306.0	280.0
Tax rate	23.0%	23.3%	25.5%	28.2%	53.3%	39.2%	39.1%	39.4%
Earnings from continuing ops	1,263.0	709.0	621.0	567.0	426.0	468.0	476.0	430.0
Earnings from discontinued ops								-7.0
Net income	1,263.0	709.0	621.0	567.0	426.0	468.0	476.0	423.0
Net margin	32.3%	18.9%	17.3%	16.5%	12.7%	14.2%	15.1%	14.0%

Diluted EPS	$6.94	$3.90	$3.43	$3.15	$2.38	$2.61	$2.64	$2.39
Shares outstanding (diluted)	182.0	182.0	181.0	180.0	179.0	179.0	180.0	180.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.