Williams Companies, Inc. (The) (WMB) financial statements (2022 and earlier)

Company profile

Business Address ONE WILLIAMS CTR
TULSA, OK 74172
State of Incorp. DE
Fiscal Year End December 31
SIC 4922 - Natural Gas Transmission (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments142289168899170100240
Cash and cash equivalents142289168899170100240
Receivables9999969929769381,0411,139
Inventory, net of allowances, customer advances and progress billings136125130113138127231
Inventory136125130113138127231
Regulatory current assets      81
Other current assets152170174191216217213
Other undisclosed current assets     42(14)
Total current assets:1,4291,5801,4642,1791,4621,5271,890
Noncurrent Assets
Property, plant and equipment28,92929,20027,50428,21128,42829,57928,081
Long-term investments and receivables5,1596,2357,8216,5526,7017,3368,400
Long-term investments5,1596,2357,8216,5526,7017,3368,400
Intangible assets, net (including goodwill), including:7,4447,9597,7678,7919,66310,01711,573
Goodwill 188   471,120
Intangible assets, net (excluding goodwill)7,444    9,97010,453
Other undisclosed intangible assets, net (including goodwill) 7,7717,7678,7919,663  
Regulated entity, other noncurrent assets      337
Other noncurrent assets1,2041,066746619581561619
Other undisclosed noncurrent assets      (337)
Total noncurrent assets:42,73644,46043,83844,17345,37347,49348,673
TOTAL ASSETS:44,16546,04045,30246,35246,83549,02050,563
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4261,8281,7642,1452,0711,8222,200
Accounts payable482552662978623744865
Accrued liabilities9441,2761,1021,1671,4481,078900
Employee-related liabilities      167
Interest and dividends payable      268
Debt8932,14047501878675802
Regulatory liability      11
Asset retirement obligation      40
Due to related parties      13
Customer refund liability      1
Deferred revenue and credits   82
Other undisclosed current liabilities      (582)
Total current liabilities:2,3193,9681,8112,6462,9492,4972,567
Noncurrent Liabilities
Long-term debt and lease obligation, including:21,45120,14822,36720,43422,62423,81220,888
Operating lease, liability 188
Other undisclosed long-term debt and lease obligation21,45119,96022,36720,43422,62423,81220,888
Liabilities, other than long-term debt2,4732,3943,8135,3435,5375,5105,878
Asset retirement obligations1,1591,117968946801858791
Deferred tax liabilities, net1,5243,1474,2384,2184,712
Regulatory liability1,3141,2771,3211,250498434375
Other undisclosed noncurrent liabilities3,3393,1661,3141,7541,6799761,058
Total noncurrent liabilities:27,26325,70827,49427,53129,84030,29827,824
Total liabilities:29,58229,67629,30530,17732,78932,79530,391
Stockholders' equity
Stockholders' equity attributable to parent11,76913,36314,6609,6564,6436,1488,777
Preferred stock353535    
Common stock1,2481,2471,245861785784782
Treasury stock, value(1,041)(1,041)(1,041)(1,041)(1,041)(1,041)(1,041)
Additional paid in capital24,37124,32324,69318,50814,88714,80714,925
Accumulated other comprehensive loss(96)(199)(270)(238)(339)(442)(341)
Accumulated deficit(12,748)(11,002)(10,002)(8,434)(9,649)(7,960)(5,548)
Stockholders' equity attributable to noncontrolling interest2,8143,0011,3376,5199,40310,07711,395
Total stockholders' equity:14,58316,36415,99716,17514,04616,22520,172
TOTAL LIABILITIES AND EQUITY:44,16546,04045,30246,35246,83549,02050,563

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,7198,2018,6868,0317,4997,3607,637
Revenue, net8,0317,4997,3607,637
Cost of revenue(3,725)(4,252)(6,534)(4,934)(4,496)(4,738)(3,859)
Cost of goods and services sold   (2,300)(1,725)(1,779)(3,016)
Gross profit:3,9943,9492,1523,0973,0032,6223,778
Operating expenses(1,792)(2,028)(1,384)(2,193)(2,303)(2,396)(2,209)
Other operating income (expense), net(22)(8)(67)(80)(142)(249)45
Other undisclosed operating income (loss)2286780142249(45)
Operating income:2,2021,9217689047002261,569
Nonoperating income (expense)(35)(46)311280137129118
Investment income, nonoperating8(79)219282632743
Public utilities, allowance for funds used during construction, capitalized cost of equity      44
Other nonoperating income (expense)(43)3392(2)7410231
Interest and debt expense(1,172)(1,186)(1,112)(1,083)(1,179)(1,044) 
Income (loss) from continuing operations before equity method investments, income taxes:995689(33)101(342)(689)1,687
Income from equity method investments328375396434397335144
Other undisclosed income (loss) from continuing operations before income taxes(1,046) (32) (430)(1,359)1,753
Income (loss) from continuing operations before income taxes:2771,064331535(375)(1,713)3,584
Income tax expense (benefit)(79)(335)(138)1,97425399(1,249)
Income (loss) from continuing operations:1987291932,509(350)(1,314)2,335
Income (loss) from discontinued operations (15)    4
Net income (loss):1987141932,509(350)(1,314)2,339
Net income (loss) attributable to noncontrolling interest13136(348)(335)(74)743(225)
Net income (loss) attributable to parent:211850(155)2,174(424)(571)2,114
Preferred stock dividends and other adjustments(3)(3)(1)    
Net income (loss) available to common stockholders, diluted:208847(156)2,174(424)(571)2,114

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1987141932,509(350)(1,314)2,339
Other comprehensive income (loss)1037130100172(171)(176)
Comprehensive income (loss):3017852232,609(178)(1,485)2,163
Comprehensive income (loss), net of tax, attributable to noncontrolling interest13136(346)(334)(143)813(206)
Comprehensive income (loss), net of tax, attributable to parent:314921(123)2,275(321)(672)1,957

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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