WILLIAMS COMPANIES, INC.

10-K & 10-Q Filings

Williams is an energy company that safely delivers natural gas products to reliably fuel the clean energy economy. The company was founded in 1908 and is headquartered in Tulsa, Oklahoma, with major offices in Houston, Texas and Pittsburgh, Pennsylvania. Williams' common stock trades on the New York Stock Exchange under the symbol "WMB." Williams' business strategy is to be the leader in providing infrastructure that safely delivers natural gas products. The company operates in 12 supply areas and provides natural gas gathering, processing, and transmission services, NGLs fractionation, transportation, and storage services, and marketing services to more than 700 customers. The company's business segments include Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services. Transmission & Gulf of Mexico includes interstate natural gas pipelines, natural gas storage facilities, and crude oil production handling and transportation assets in the Gulf Coast region. Northeast G&P focuses on midstream gathering, processing, and fractionation businesses in the Marcellus Shale region and the Utica Shale region. West includes gas gathering, processing, and treating operations in the Rocky Mountain region, the Barnett Shale region, the Eagle Ford Shale region, the Haynesville Shale region, the Mid-Continent region, and the DJ Basin. Gas & NGL Marketing Services provides NGL and natural gas marketing and trading operations. Williams' website is <https://www.williams.com/> and its ticker symbol is "WMB."

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$7930.00
7486.00
6860.00
7637.00
7360.00
7499.00
8031.00
8686.00
8201.00
7719.00
10627.00
10965.00
10907.00
3081.00
2771.00
2.69%-10.06%Cost of Revenue (-)
$
3496.00
3027.00
3016.00
1779.00
1725.00
2300.00
2066.00
1613.00
4032.00
3457.00
2035.00
607.00
531.00
-12.52%Gross Profit (+)
$
3990.00
3833.00
4621.00
5581.00
5774.00
5731.00
6135.00
6106.00
6595.00
7508.00
8872.00
2474.00
2240.00
-9.46%Selling, General & Administrative (-)
$325.00
571.00
512.00
661.00
741.00
723.00
608.00
569.00
558.00
466.00
558.00
636.00
665.00
176.00
186.00
6.15%5.68%Depreciation & Amortization (-)
$
756.00
815.00
1176.00
1738.00
1763.00
1736.00
1725.00
1714.00
1721.00
1842.00
2009.00
2071.00
506.00
548.00
8.30%Non-recurring Operating Expenses (-)
$
1098.00
1248.00
1915.00
464.00
369.00
2.00
-534.00
Operating Expenses (-)
$513.00
2378.00
2458.00
3052.00
5355.00
5074.00
4827.00
5091.00
4214.00
3904.00
3964.00
4490.00
4561.00
1114.00
1228.00
19.97%10.23%Costs & Expenses (Total) (-)
$6063.00
5874.00
5485.00
6068.00
7134.00
6799.00
7127.00
7918.00
6280.00
5517.00
7996.00
7947.00
6596.00
1721.00
1759.00
0.70%2.21%Operating Income/Loss (+)
$1867.00
1612.00
1375.00
1569.00
226.00
700.00
904.00
768.00
1921.00
2202.00
2631.00
3018.00
4311.00
1360.00
1012.00
7.22%-25.59%Non-operating Income/Expense (+)
$-260.00
-323.00
-295.00
2015.00
-1939.00
-1075.00
-369.00
-437.00
-857.00
-1925.00
-558.00
-476.00
796.00
-119.00
-157.00
-31.93%Earnings before Tax (+)
$1202.00
1289.00
1080.00
3584.00
-1713.00
-375.00
535.00
331.00
1064.00
277.00
2073.00
2542.00
4405.00
1241.00
855.00
11.43%-31.10%Tax Expense (-)
$124.00
360.00
401.00
1249.00
-399.00
-25.00
-1974.00
138.00
335.00
79.00
511.00
425.00
1005.00
284.00
193.00
19.05%-32.04%Income/Loss (Continuing Operations) (+)
$1078.00
929.00
679.00
2335.00
-1314.00
-350.00
2509.00
193.00
729.00
198.00
1562.00
2117.00
3400.00
957.00
662.00
10.05%-30.83%Income/Loss (Discontinued Operations) (+)
$-417.00
136.00
-11.00
4.00
-15.00
-97.00
Profit/Loss (+)
$661.00
1065.00
668.00
2339.00
-1314.00
-350.00
2509.00
193.00
714.00
198.00
1562.00
2117.00
3303.00
957.00
662.00
14.35%-30.83%Net Income/Loss (NCI) (-)
$285.00
206.00
238.00
225.00
-743.00
74.00
335.00
348.00
-136.00
-13.00
45.00
68.00
124.00
30.00
30.00
-6.70%0.00%Net Income/Loss (+)
$376.00
859.00
430.00
2114.00
-571.00
-424.00
2174.00
-155.00
850.00
211.00
1517.00
2049.00
3179.00
927.00
632.00
19.47%-31.82%Preferred & Other Distributions (-)
$
1.00
3.00
3.00
3.00
3.00
3.00
1.00
1.00
0.00%Net Income/Loss (Common) (+)
$376.00
859.00
430.00
2114.00
-571.00
-424.00
2174.00
-156.00
847.00
208.00
1514.00
2046.00
3176.00
926.00
631.00
19.46%-31.86%EPS (Basic)
$0.64
1.39
0.63
2.94
-0.76
-0.57
2.63
-0.16
0.70
0.17
1.25
1.68
2.61
0.76
0.52
12.43%-31.58%EPS (Diluted)
$0.63
1.37
0.62
2.92
-0.76
-0.57
2.62
-0.16
0.70
0.17
1.24
1.67
2.60
0.76
0.52
12.54%-31.58%Weighted Avg Shares (Basic)
588.55
619.79
682.95
719.33
749.27
750.67
826.18
973.63
1212.04
1213.63
1215.22
1218.36
1217.78
1219.46
1218.15
6.25%-0.11%Weighted Avg Shares (Diluted)
598.17
625.49
687.18
723.64
749.27
750.67
828.52
973.63
1214.01
1215.16
1218.21
1222.67
1222.71
1225.78
1222.22
6.14%-0.29%Cash
$889.00
839.00
681.00
240.00
100.00
170.00
899.00
168.00
289.00
142.00
1680.00
152.00
2150.00
477.00
667.00
7.64%39.83%Receivables
$637.00
688.00
600.00
972.00
1034.00
938.00
976.00
992.00
996.00
999.00
1978.00
2723.00
1655.00
1524.00
1355.00
8.28%-11.09%Inventory
$169.00
175.00
194.00
231.00
127.00
138.00
113.00
130.00
125.00
136.00
379.00
320.00
274.00
244.00
239.00
4.11%-2.05%Other Assets (Current)
$199.00
222.00
208.00
447.00
266.00
216.00
191.00
174.00
170.00
152.00
512.00
602.00
434.00
512.00
349.00
6.71%-31.84%Assets (Current)
$1894.00
1924.00
1683.00
1890.00
1527.00
1462.00
2179.00
1464.00
1580.00
1429.00
4549.00
3797.00
4513.00
2757.00
2610.00
7.50%-5.33%Securities & Long-term Investments
$1391.00
3987.00
4360.00
8400.00
7336.00
6701.00
6552.00
7821.00
6235.00
5159.00
5127.00
5065.00
4637.00
5067.00
4639.00
10.55%-8.45%Property, Plant & Equipment (Net)
$12580.00
15467.00
18210.00
28081.00
29579.00
28428.00
28211.00
27504.00
29200.00
28929.00
29258.00
30889.00
34311.00
32095.00
36451.00
8.72%13.57%Accumulated Depreciation
$
17451.00
17854.00
2.31%Goodwill & Intangibles
$
2353.00
2290.00
11573.00
10017.00
Other Assets
$637.00
596.00
599.00
619.00
561.00
10244.00
9410.00
8513.00
9025.00
8648.00
8678.00
8682.00
9166.00
9017.00
9047.00
24.88%0.33%Assets (Non-current)
$14608.00
22403.00
25459.00
48673.00
47493.00
45373.00
44173.00
43838.00
44460.00
42736.00
43063.00
44636.00
48114.00
46179.00
50137.00
10.44%8.57%Assets (Total)
$16502.00
24327.00
27142.00
50563.00
49020.00
46835.00
46352.00
45302.00
46040.00
44165.00
47612.00
48433.00
52627.00
48936.00
52747.00
10.15%7.79%Accounts Payable
$1322.00
1548.00
1757.00
1765.00
1822.00
2071.00
2145.00
1764.00
1828.00
1426.00
2947.00
3597.00
2663.00
2213.00
2119.00
6.01%-4.25%Debt (Current)
$353.00
1.00
226.00
802.00
675.00
878.00
501.00
47.00
2140.00
893.00
2025.00
977.00
3062.00
1627.00
2787.00
19.73%71.30%Other Liabilities (Current)
$
316.00
105.00
180.00
75.00
-58.33%Liabilities (Current)
$1675.00
1549.00
1983.00
2567.00
2497.00
2949.00
2646.00
1811.00
3968.00
2319.00
4972.00
4890.00
5830.00
4020.00
4981.00
10.95%23.91%Debt (Non-current)
$8369.00
10735.00
11353.00
20888.00
23812.00
22624.00
20434.00
22367.00
20148.00
21451.00
21650.00
21927.00
23376.00
22785.00
24100.00
8.94%5.77%Other Liabilities
$3872.00
4616.00
4885.00
6936.00
6486.00
7216.00
7097.00
5127.00
5560.00
5812.00
6889.00
7571.00
8530.00
7808.00
8736.00
6.80%11.89%Liabilities (Non-current)
$12241.00
15351.00
16238.00
27824.00
30298.00
29840.00
27531.00
27494.00
25708.00
27263.00
28539.00
29498.00
31906.00
30593.00
32836.00
8.31%7.33%Liabilities (Total)
$13916.00
16900.00
18221.00
30391.00
32795.00
32789.00
30177.00
29305.00
29676.00
29582.00
33511.00
34388.00
37736.00
34613.00
37817.00
8.67%9.26%Treasury Stock
$1041.00
1041.00
1041.00
1041.00
1041.00
1041.00
1041.00
1041.00
1041.00
1041.00
1041.00
1050.00
1180.00
1124.00
1180.00
1.05%4.98%Retained Earnings
$-5820.00
-5695.00
-6248.00
-5548.00
-7960.00
-9649.00
-8434.00
-10002.00
-11002.00
-12748.00
-13237.00
-13271.00
-12287.00
-12895.00
-12238.00
5.09%AOCI
$-389.00
-362.00
-164.00
-341.00
-442.00
-339.00
-238.00
-270.00
-199.00
-96.00
-33.00
-24.00
-3.00
10.00
433.33%Shareholder's Equity
$2586.00
7427.00
8921.00
20172.00
16225.00
14046.00
16175.00
15997.00
16364.00
14583.00
14101.00
14045.00
14891.00
14323.00
14930.00
15.71%4.24%Liabilities & Equity
$16502.00
24327.00
27142.00
50563.00
49020.00
46835.00
46352.00
45302.00
46040.00
44165.00
47612.00
48433.00
52627.00
48936.00
52747.00
10.15%7.79%Net Income/Loss
$661.00
1065.00
668.00
2339.00
-1314.00
-350.00
2509.00
193.00
714.00
198.00
1562.00
2117.00
3303.00
957.00
662.00
14.35%-30.83%Depreciation & Amortization
$1614.00
756.00
1176.00
1738.00
1763.00
1736.00
1725.00
1714.00
1721.00
1842.00
2009.00
2071.00
506.00
548.00
2.10%8.30%Increase/Decrease in Working Capital
$-138.00
49.00
-183.00
567.00
-84.00
-584.00
75.00
105.00
-167.00
318.00
308.00
163.00
-334.00
-39.00
238.00
710.26%Share-based Compensation
$52.00
36.00
37.00
53.00
82.00
73.00
78.00
55.00
57.00
52.00
81.00
73.00
77.00
17.00
24.00
3.33%41.18%Adjustments to Reconcile Net Income
$2780.00
770.00
1549.00
-224.00
3992.00
4014.00
47.00
3100.00
2979.00
3298.00
2383.00
2772.00
2635.00
557.00
572.00
-0.45%2.69%Net Cash (Operating)
$3439.00
1835.00
2217.00
2115.00
2678.00
3664.00
2556.00
3293.00
3693.00
3496.00
3945.00
4889.00
5938.00
1514.00
1234.00
4.66%-18.49%Capital Expenditure
$2837.00
7229.00
4033.00
10471.00
3871.00
1178.00
305.00
3099.00
1513.00
1600.00
1504.00
3352.00
3879.00
1640.00
2447.00
2.64%49.21%Net Cash (Investing)
$-3003.00
-6921.00
-4052.00
-10157.00
-3299.00
-416.00
633.00
-2725.00
-2827.00
-1558.00
-1465.00
-3375.00
-3891.00
-1639.00
-2436.00
-48.63%Increase/Decrease in Debt
$1117.00
2018.00
842.00
6065.00
2950.00
-972.00
-2685.00
720.00
-146.00
58.00
1261.00
-776.00
2493.00
1143.00
364.00
6.92%-68.15%Increase/Decrease in Equity
$-50.00
4092.00
1837.00
3431.00
51.00
114.00
2114.00
-11.00
10.00
-11.00
-17.00
37.00
-147.00
-79.00
-11.00
86.08%Dividends Paid
$671.00
1091.00
1471.00
2252.00
2778.00
2201.00
1814.00
1977.00
1966.00
2126.00
2179.00
2275.00
2392.00
600.00
643.00
11.17%7.17%Net Cash (Financing)
$-342.00
5036.00
1677.00
7601.00
481.00
-3178.00
-2460.00
-1299.00
-745.00
-2085.00
-942.00
-3042.00
-49.00
450.00
-281.00
-162.44%Increase/Decrease in Cash
$94.00
-50.00
-158.00
-441.00
-140.00
70.00
729.00
-731.00
121.00
-147.00
1538.00
-1528.00
1998.00
325.00
-1483.00
29.01%-556.31%Cash (Beginning)
$
889.00
681.00
240.00
100.00
170.00
899.00
168.00
289.00
142.00
1680.00
152.00
152.00
2150.00
1314.47%Cash (Ending)
$
839.00
240.00
100.00
170.00
899.00
168.00
289.00
142.00
1680.00
152.00
2150.00
477.00
667.00
39.83%NOPAT
$1674.40
1161.79
864.47
1022.21
278.64
653.33
4239.51
447.81
1316.17
1573.99
1982.45
2513.42
3327.45
1048.77
783.56
5.89%-25.29%Gross Margin %
53.30%
55.87%
60.51%
75.83%
77.00%
71.36%
74.81%
79.10%
62.06%
68.47%
81.34%
80.30%
80.84%
Operating Margin %
23.54%
21.53%
20.04%
20.54%
3.07%
9.33%
11.26%
8.84%
23.42%
28.53%
24.76%
27.52%
39.53%
44.14%
36.52%
NOPAT Margin %
21.11%
15.52%
12.60%
13.39%
3.79%
8.71%
52.79%
5.16%
16.05%
20.39%
18.65%
22.92%
30.51%
34.04%
28.28%
Net Margin %
4.74%
11.47%
6.27%
27.68%
-7.76%
-5.65%
27.07%
-1.78%
10.36%
2.73%
14.27%
18.69%
29.15%
30.09%
22.81%
Tax Rate %
10.32%
27.93%
37.13%
34.85%
-23.29%
6.67%
-368.97%
41.69%
31.48%
28.52%
24.65%
16.72%
22.81%
22.88%
22.57%
ROA
10.15%
4.78%
3.18%
2.02%
0.57%
1.39%
9.15%
0.99%
2.86%
3.56%
4.16%
5.19%
6.32%
2.14%
1.49%
ROE
64.75%
15.64%
9.69%
5.07%
1.72%
4.65%
26.21%
2.80%
8.04%
10.79%
14.06%
17.90%
22.35%
7.32%
5.25%
ROIC
13.02%
6.50%
4.28%
2.60%
0.71%
2.37%
15.16%
1.66%
4.57%
5.47%
6.67%
8.29%
9.61%
3.29%
2.17%
Asset Turnover
0.48
0.31
0.25
0.15
0.15
0.16
0.17
0.19
0.18
0.17
0.22
0.23
0.21
0.06
0.05
Inventory Turnover
19.98
15.60
13.06
14.01
12.50
20.35
16.53
11.86
10.64
10.80
7.43
2.49
2.22
Equity Multiplier
6.38
3.28
3.04
2.51
3.02
3.33
2.87
2.83
2.81
3.03
3.38
3.45
3.53
3.42
3.53
Current Ratio
1.13
1.24
0.85
0.74
0.61
0.50
0.82
0.81
0.40
0.62
0.91
0.78
0.77
0.69
0.52
Quick Ratio
0.91
0.99
0.65
0.47
0.45
0.38
0.71
0.64
0.32
0.49
0.74
0.59
0.65
0.50
0.41
Debt/Equity Ratio
3.37
1.45
1.30
1.08
1.51
1.67
1.29
1.40
1.36
1.53
1.68
1.63
1.78
1.70
1.80
Working Capital/Sales
0.03
0.01
-0.04
-0.04
-0.08
-0.11
-0.03
-0.05
-0.05
-0.02
0.04
-0.05
0.03
-0.07
-0.10
Dividend Payout Ratio %
40.07%
93.91%
170.16%
220.31%
996.98%
336.89%
42.79%
441.49%
149.37%
135.07%
109.91%
90.51%
71.89%
57.21%
82.06%
Total Payout
$-396.00
-5019.00
-1208.00
-7244.00
-223.00
3059.00
2385.00
1268.00
2102.00
2079.00
935.00
3014.00
46.00
-464.00
290.00
162.50%Payout Ratio %
-23.65%
-432.01%
-139.74%
-708.66%
-80.03%
468.21%
56.26%
283.16%
159.71%
132.08%
47.16%
119.92%
1.38%
-44.24%
37.01%