Williams companies, inc. (WMB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

-

2,021

-

-

-

2,075

2,068

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

1,913

2,107

1,999

2,041

2,054

2,204

2,303

2,091

2,088

2,228

1,891

1,924

1,988

2,198

1,905

1,736

1,660

2,006

1,799

1,839

1,716

2,141

2,069

1,678

1,749

1,660

1,623

1,767

1,810

1,869

1,752

1,846

2,019

2,103

1,972

1,984

1,871

-542

2,300

2,289

2,591

-651

2,098

1,909

1,922

3,201

3,657

Costs and expenses:
Operating and maintenance expenses

337

377

364

387

340

373

389

388

357

410

403

392

371

413

394

394

391

432

403

437

387

474

412

308

298

277

269

291

260

261

261

275

230

-3,109

1,392

1,398

1,309

-4,512

1,748

1,717

1,917

-661

1,537

1,392

1,444

2,344

2,697

Depreciation and amortization expenses

429

439

435

424

416

435

425

434

431

428

433

433

442

437

435

446

445

451

432

428

427

379

369

214

214

209

207

198

201

211

196

181

168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general, and administrative expenses

113

148

130

152

128

133

174

130

132

142

138

153

161

166

177

158

221

189

177

174

196

204

171

136

150

127

130

123

132

156

137

149

129

242

75

78

82

148

122

123

111

-50

126

129

125

133

131

Impairment of goodwill (Note 11)

187

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of certain assets and businesses (Note 3)

-

-

-

-

-

-

-

-

-

-

1,095

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance recoveries Geismar Incident

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

126

-

71

0

42

119

-10

50

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of certain assets (Note 13)

-

-

0

64

-

-

0

66

-

-

1,210

25

-

-

1

802

-

-

2

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairments of goodwill and long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,681

-

-

-

0

-

-

-

-

Other (income) expense – net

-7

34

11

-9

-44

-43

6

-1

-29

-36

-24

-6

-5

3

-92

-23

-23

-4

-3

-16

-17

144

-3

-27

-17

-48

-21

-4

-1

7

-14

-9

-8

-4

0

-3

6

0

4

12

-1

1

1

-1

33

1

-32

Total costs and expenses

1,482

1,873

1,371

1,543

1,493

2,838

1,802

1,681

1,597

2,383

1,617

1,546

1,558

1,628

1,560

2,224

1,398

2,754

1,443

1,447

1,489

1,610

1,762

1,367

1,329

1,397

1,287

1,417

1,384

1,489

1,379

1,514

1,492

1,732

1,467

1,479

1,385

-2,171

3,547

1,828

2,027

-778

1,664

1,520

1,602

2,478

2,796

Operating income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

434

389

-

-

-

General corporate expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48

45

47

-

43

45

85

46

40

38

40

34

42

Operating income (loss)

431

234

628

498

561

-634

501

410

491

-155

274

378

430

570

345

-488

262

-748

356

392

227

531

307

311

420

263

336

350

426

380

373

332

527

511

457

460

439

1,802

-1,290

416

479

81

394

351

280

689

819

Equity earnings (losses) (Note 5)

22

115

93

87

80

117

105

92

82

87

115

125

107

95

104

101

97

99

92

93

51

89

66

37

-48

41

37

38

18

23

30

27

31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on remeasurement of equity-method investment (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,522

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of equity-method investments (Note 11)

938

-

-

-

74

-

-

-

0

-

-

-

-

318

0

0

112

898

461

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing income (loss) – net

3

-99

-107

126

1

113

2

68

4

4

4

2

272

-1

28

18

18

0

18

9

0

0

11

18

14

19

10

39

13

2

3

3

69

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest incurred

301

303

303

306

306

304

286

288

282

274

275

280

287

301

304

306

306

287

280

278

273

265

262

192

169

157

151

151

152

147

140

140

141

134

153

155

156

-

158

-

-

-

-

-

-

-

-

Interest capitalized

5

5

7

10

10

10

16

13

9

9

8

9

7

8

7

8

15

19

17

16

22

31

52

29

29

26

27

24

24

26

11

12

10

18

7

-5

5

53

13

-13

-17

4

15

22

20

16

16

Early debt retirement costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-606

-

0

-

0

-

-

Interest accrued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

154

164

-

168

167

-162

-162

161

Investing Income - net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43

40

44

-

68

55

39

36

39

24

-61

65

54

Other income (expense) – net

4

14

1

7

11

-7

52

26

21

-149

23

24

77

33

20

17

15

31

20

34

16

16

10

4

1

-1

1

2

-2

-1

0

3

-4

7

0

-2

6

0

-4

-1

-7

4

-1

1

-2

2

0

Income (loss) before income taxes

-774

40

319

422

283

-705

390

321

325

-478

149

258

606

86

200

-650

-11

-1,784

-238

266

43

424

2,706

207

247

191

260

302

327

283

277

237

492

162

354

348

338

1,669

-1,371

329

-242

-35

279

231

75

610

728

Provision (benefit) for income taxes

-204

91

77

98

69

-159

190

52

55

-2,100

24

65

37

49

69

-145

2

-447

-65

83

30

116

998

84

51

141

62

102

96

79

77

71

133

4

33

109

-22

254

-150

104

-94

-19

87

80

56

199

257

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,708

123

-

50

198

200

231

204

200

166

359

158

321

239

360

1,415

-1,221

225

-148

-16

192

151

19

411

471

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4

-

-1

-1

-8

-1

-2

3

-1

136

-520

21

58

24

-1,187

-5

-3

2

238

2

18

-243

10

29

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-570

-66

242

324

214

-546

200

269

270

1,622

125

193

569

37

131

-505

-13

-1,337

-173

183

13

308

1,708

127

196

49

197

192

230

202

203

165

495

-362

342

297

384

228

-1,226

222

-146

222

194

169

-224

421

500

Less: Net income (loss) attributable to noncontrolling interests

-53

-190

21

14

19

25

71

134

118

-65

92

112

196

52

70

-100

52

-622

-133

69

-57

115

30

24

56

63

56

50

69

53

48

33

72

82

70

70

63

54

37

37

47

50

51

27

-52

55

63

Preferred stock dividends

1

1

1

0

1

1

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) available to common stockholders

-518

123

220

310

194

-572

129

135

152

-

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts attributable to The Williams Companies, Inc.:
Income (loss) from continuing operations available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,678

99

-

-13

143

149

162

151

152

133

287

79

253

171

300

1,369

-1,258

188

-195

-60

141

123

2

360

412

Income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4

-

-1

-2

-7

-1

-2

3

-1

136

-523

19

56

21

-1,195

-5

-3

2

232

2

19

-174

6

25

Net income (loss) attributable to The Williams Companies, Inc.

-517

124

221

310

195

-571

129

135

152

1,687

33

81

373

-15

61

-405

-65

-715

-40

114

70

193

1,678

103

140

-14

141

142

161

149

155

132

423

-444

272

227

321

174

-1,263

185

-193

172

143

142

-172

366

437

Basic earnings (loss) per common share:
Net income (loss)

-0.43

0.10

0.18

0.26

0.16

-0.63

0.13

0.16

0.18

2.04

0.04

0.10

0.45

-0.02

0.08

-0.54

-0.09

-0.95

-0.05

0.15

0.09

0.35

2.24

0.15

0.20

-0.03

0.21

0.21

0.24

0.22

0.25

0.21

0.71

-0.76

0.46

0.39

0.55

0.29

-2.16

0.32

-0.33

0.31

0.24

0.24

-0.30

0.63

0.75

Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2.24

0.14

-

-0.02

0.21

0.22

0.24

0.23

0.25

0.21

0.48

0.13

0.43

0.29

0.51

2.33

-2.15

0.32

-0.33

-0.10

0.24

0.21

0.00

0.62

0.71

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.01

-

-0.01

0.00

-0.01

0.00

-0.01

0.00

0.00

0.23

-0.89

0.03

0.10

0.04

-

-0.01

-

0.00

0.41

0.00

0.03

-0.30

0.01

0.04

Weighted-average shares (thousands)

1,213

1,212

1,212

1,212

1,211

1,215

1,023

827

827

826

826

826

824

750

750

750

750

749

749

749

748

748

747

696

684

683

683

682

682

637

626

621

593

589

588

588

586

585

584

584

583

583

583

580

579

577

583

Diluted earnings (loss) per common share:
Net income (loss)

-0.43

0.10

0.18

0.26

0.16

-0.63

0.13

0.16

0.18

2.03

0.04

0.10

0.45

-0.02

0.08

-0.54

-0.09

-0.95

-0.05

0.15

0.09

0.35

2.22

0.15

0.20

-0.02

0.20

0.21

0.23

0.21

0.25

0.21

0.70

-0.75

0.46

0.38

0.54

0.32

-2.16

0.31

-0.33

0.30

0.24

0.24

-0.29

0.62

0.73

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2.22

0.14

-

-0.01

0.20

0.22

0.23

0.22

0.25

0.21

0.47

0.12

0.43

0.29

0.50

2.34

-2.15

0.31

-0.33

-0.10

0.24

0.21

0.00

0.61

0.69

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.01

-

-0.01

0.00

-0.01

0.00

-0.01

0.00

0.00

0.23

-0.87

0.03

0.09

0.04

-

-0.01

-

0.00

0.40

0.00

0.03

-0.29

0.01

0.04

Weighted-average shares (thousands)

1,213

1,214

1,214

1,214

1,213

1,207

1,026

830

830

829

829

828

826

749

751

750

750

742

749

752

752

752

752

700

688

687

687

686

687

642

632

626

600

600

597

597

596

601

584

592

583

582

590

588

582

589

596

Cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

0.30

0.30

0.30

-

0.20

0.64

0.64

-

0.64

0.59

0.58

-

0.56

0.42

0.40

-

0.36

0.35

0.33

-

0.31

0.30

0.25

-

0.20

0.20

0.12

-

0.12

0.12

0.11

-

0.11

0.11

-

-

-

Service [Member]
Revenues

1,474

1,509

1,495

1,489

1,440

1,440

1,371

1,340

1,351

1,459

1,310

1,282

1,261

1,493

1,247

1,202

1,229

1,487

1,239

1,241

1,197

1,345

1,127

825

819

776

736

721

706

710

675

667

677

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NonRegulated Service Commodity Consideration [Member]
Revenues

28

45

38

56

64

84

121

94

101

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product [Member]
Revenues

411

553

466

496

550

680

811

657

636

769

581

642

727

705

658

534

431

519

560

598

519

796

942

853

930

884

887

1,046

1,104

1,159

1,077

1,179

1,342

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Oil and Gas, Purchased [Member]
Product costs

396

519

434

483

525

668

790

636

613

680

504

537

579

545

461

401

318

397

426

494

462

716

807

724

769

726

710

801

790

868

771

900

957

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural Gas Purchased For Shrink [Member]
Product costs

13

22

19

24

40

46

30

26

35

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-