Does American Water Works have positive working capital based on FY2022 data? If working capital is not a useful or relevant metric for this company, then please state that and explain why.
American Water Works Company, Inc. and Subsidiary Companies
Consolidated Balance Sheets
(In millions, except share and per share data)
December 31, 2022
December 31, 2021
ASSETS
Property, plant and equipment
$
29,736 
$
27,413 
Accumulated depreciation
(6,513)
(6,329)
Property, plant and equipment, net
23,223 
21,084 
Current assets:
 
 
Cash and cash equivalents
85 
116 
Restricted funds
32 
20 
Accounts receivable, net of allowance for uncollectible accounts of $60 and $75, respectively
334 
271 
Income tax receivable
114 
4 
Unbilled revenues
275 
248 
Materials and supplies
98 
57 
Assets held for sale
 
683 
Other
312 
155 
Total current assets
1,250 
1,554
No, American Water Works had negative working capital of -$1561M in FY 2022.
Accounts receivable+Income tax receivable+Unbilled revenues+Materials and supplies+other-Accounts payable-Accrued liabilities-Accrued taxes
334+114+275+98+312-254-706-49