WILLIAMS COMPANIES, INC. WMB Income Statement

Williams companies, inc. (WMB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues:
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	8,516	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
8,060	8,201	8,298	8,602	8,652	8,686	8,710	8,298	8,131	8,031	8,001	8,015	7,827	7,499	7,307	7,201	7,304	7,360	7,495	7,765	7,604	7,637	7,156	6,710	6,799	6,860	7,069	7,198	7,277	7,486	7,720	7,940	8,078	7,930	5,285	5,613	5,918	6,638	6,529	6,327	5,947	5,278	9,130	10,689	0	0	0
Costs and expenses:
Operating and maintenance expenses
1,465	1,468	1,464	1,489	1,490	1,507	1,544	1,558	1,562	1,576	1,579	1,570	1,572	1,592	1,611	1,620	1,663	1,659	1,701	1,710	1,581	1,492	1,295	1,152	1,135	1,097	1,081	1,073	1,057	1,027	-2,343	-1,212	-89	990	-413	-57	262	870	4,721	4,510	4,185	3,712	6,717	7,877	0	0	0
Depreciation and amortization expenses
1,727	1,714	1,710	1,700	1,710	1,725	1,718	1,726	1,725	1,736	1,745	1,747	1,760	1,763	1,777	1,774	1,756	1,738	1,666	1,603	1,389	1,176	1,006	844	828	815	817	806	789	756	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general, and administrative expenses
543	558	543	587	565	569	578	542	565	594	618	657	662	722	745	745	761	736	751	745	707	661	584	543	530	512	541	548	574	571	657	595	524	477	383	430	475	504	306	310	316	330	513	518	0	0	0
Impairment of goodwill (Note 11)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of certain assets and businesses (Note 3)
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance recoveries Geismar Incident
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	232	151	201	159	40	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of certain assets (Note 13)
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments of goodwill and long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Other (income) expense – net
29	-8	-85	-90	-82	-67	-60	-90	-95	-71	-32	-100	-117	-135	-142	-53	-46	-40	108	108	97	97	-95	-113	-90	-74	-19	-12	-17	-24	-35	-21	-15	-1	3	7	22	15	16	13	0	34	34	1	0	0	0
Total costs and expenses
6,269	6,280	7,245	7,676	7,814	7,918	7,463	7,278	7,143	7,104	6,349	6,292	6,970	6,810	7,936	7,819	7,042	7,133	5,989	6,308	6,228	6,068	5,855	5,380	5,430	5,485	5,577	5,669	5,766	5,874	6,117	6,205	6,170	6,063	2,160	4,240	4,589	5,231	6,624	4,741	4,433	4,008	7,264	8,396	0	0	0
Operating income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
General corporate expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	219	216	209	164	152	154	0	0	0
Operating income (loss)
1,791	1,921	1,053	926	838	768	1,247	1,020	988	927	1,652	1,723	857	689	-629	-618	262	227	1,506	1,457	1,376	1,569	1,301	1,330	1,369	1,375	1,492	1,529	1,511	1,612	1,743	1,827	1,955	1,867	3,158	1,411	1,367	1,407	-314	1,370	1,305	1,106	1,714	2,139	0	0	0
Equity earnings (losses) (Note 5)
317	375	377	389	394	396	366	376	409	434	442	431	407	397	401	389	381	335	325	299	243	144	96	67	68	134	116	109	98	111	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on remeasurement of equity-method investment (Note 2)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of equity-method investments (Note 11)
0	-	-	-	0	-	-	-	0	-	-	-	-	430	1,010	1,471	1,471	1,359	461	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing income (loss) – net
-77	-79	133	242	184	187	78	80	14	282	277	301	317	63	64	54	45	27	27	20	29	43	62	61	82	81	64	57	21	77	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest incurred
1,213	1,218	1,219	1,202	1,184	1,160	1,130	1,119	1,111	1,116	1,143	1,172	1,198	1,217	1,203	1,179	1,151	1,118	1,096	1,078	992	888	780	669	628	611	601	590	579	568	555	568	583	598	622	0	0	-	0	-	-	-	-	-	-	-	-
Interest capitalized
27	32	37	46	49	48	47	39	35	33	32	31	30	38	49	59	67	74	86	121	134	141	136	111	106	101	101	85	73	59	51	47	30	25	60	66	58	36	-13	-11	24	61	73	74	0	0	0
Early debt retirement costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-606	-606	0	0	-	0	-	0	-	-
Interest accrued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	11	4	0	0	0
Investing Income - net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	198	169	138	38	67	82	0	0	0
Other income (expense) – net
26	33	12	63	82	92	-50	-79	-81	-25	157	154	147	85	83	83	100	101	86	76	46	31	14	5	3	0	0	-1	0	-2	6	6	1	11	4	0	1	-12	-8	-5	-3	2	0	0	0	0	0
Income (loss) before income taxes
7	1,064	319	390	289	331	558	317	254	535	1,099	1,150	242	-375	-2,245	-2,683	-1,767	-1,713	495	3,439	3,380	3,584	3,351	905	1,000	1,080	1,172	1,189	1,124	1,289	1,168	1,245	1,356	1,202	2,709	984	965	385	-1,319	331	233	550	1,195	1,644	0	0	0
Provision (benefit) for income taxes
62	335	85	198	152	138	-1,803	-1,969	-1,956	-1,974	175	220	10	-25	-521	-655	-427	-399	164	1,227	1,228	1,249	1,274	338	356	401	339	354	323	360	285	241	279	124	374	191	186	114	-159	78	54	204	422	592	0	0	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	679	833	835	801	929	883	1,004	1,077	1,078	2,335	793	779	271	-1,160	253	179	346	773	1,052	0	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-11	-12	-8	-1	136	-382	-364	-305	-417	-1,084	-1,110	-1,171	-1,193	232	239	260	15	-213	-186	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-70	714	234	192	137	193	2,361	2,286	2,210	2,509	924	930	232	-350	-1,724	-2,028	-1,340	-1,314	331	2,212	2,156	2,339	2,080	569	634	668	821	827	800	1,065	501	640	772	661	1,251	-317	-392	-922	-928	492	439	361	560	866	0	0	0
Less: Net income (loss) attributable to noncontrolling interests
-208	-136	79	129	249	348	258	279	257	335	452	430	218	74	-600	-803	-634	-743	-6	157	112	225	173	199	225	238	228	220	203	206	235	257	294	285	257	224	191	175	171	185	175	76	81	93	0	0	0
Preferred stock dividends
3	3	3	2	2	1	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) available to common stockholders
135	847	152	61	-114	-156	449	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts attributable to The Williams Companies, Inc.:
Income (loss) from continuing operations available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	441	605	614	598	723	651	752	790	803	2,093	582	599	104	-1,325	74	9	206	626	897	0	0	0
Income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-11	-12	-7	-1	136	-385	-369	-312	-427	-1,099	-1,123	-1,182	-1,201	226	233	255	79	-147	-124	0	0	0
Net income (loss) attributable to The Williams Companies, Inc.
138	850	155	63	-112	-155	2,103	2,007	1,953	2,174	472	500	14	-424	-1,124	-1,225	-706	-571	337	2,055	2,044	2,114	1,907	370	409	430	593	607	597	859	266	383	478	376	994	-541	-583	-1,097	-1,099	307	264	285	479	773	0	0	0
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
5,967	5,933	5,864	5,740	5,591	5,502	5,521	5,460	5,402	5,312	5,346	5,283	5,203	5,171	5,165	5,157	5,196	5,164	5,022	4,910	4,494	4,116	3,547	3,156	3,052	2,939	2,873	2,812	2,758	2,729	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NonRegulated Service Commodity Consideration [Member]
Revenues
167	203	242	325	363	400	316	195	101	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product [Member]
Revenues
1,926	2,065	2,192	2,537	2,698	2,784	2,873	2,643	2,628	2,719	2,655	2,732	2,624	2,328	2,142	2,044	2,108	2,196	2,473	2,855	3,110	3,521	3,609	3,554	3,747	3,921	4,196	4,386	4,519	4,757	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil and Gas, Purchased [Member]
Product costs
1,832	1,961	2,110	2,466	2,619	2,707	2,719	2,433	2,334	2,300	2,165	2,122	1,986	1,725	1,577	1,542	1,635	1,779	2,098	2,479	2,709	3,016	3,026	2,929	3,006	3,027	3,169	3,230	3,329	3,496	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas Purchased For Shrink [Member]
Product costs
78	105	129	140	142	137	91	61	35	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-