The Williams Companies, Inc. (WMB)

The Williams Companies Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	10,753	9,951	11,352	10,775	7,724
Revenue Growth (YoY)	8.06%	-12.34%	5.35%	39.50%	-5.79%
Cost of Revenue	4,297	4,019	5,274	5,580	2,939
Gross Profit	6,456	5,932	6,078	5,195	4,785
Selling, General & Admin	708	630	627	550	477
Other Operating Expenses	190	-986	415	164	27
Operating Expenses	3,117	1,715	3,051	2,556	2,225
Operating Income	3,339	4,217	3,027	2,639	2,560
Interest Expense	-1,364	-1,236	-1,147	-1,179	-1,172
Interest & Investment Income	343	108	16	7	8
Earnings From Equity Investments	560	589	637	608	328
Other Non Operating Income (Expenses)	108	87	17	3	-8
EBT Excluding Unusual Items	2,986	3,765	2,550	2,078	1,716
Merger & Restructuring Charges	-	-23	-8	-5	-
Impairment of Goodwill	-	-	-	-	-187
Gain (Loss) on Sale of Investments	-	-	-	-	-1,046
Gain (Loss) on Sale of Assets	-	129	-	-	-
Asset Writedown	-	-	-	-	-182
Legal Settlements	-	534	-	-	-24
Pretax Income	2,986	4,405	2,542	2,073	277
Income Tax Expense	640	1,005	425	511	79
Earnings From Continuing Operations	2,346	3,400	2,117	1,562	198
Earnings From Discontinued Operations	-	-97	-	-	-
Net Income to Company	2,346	3,303	2,117	1,562	198
Minority Interest in Earnings	-121	-124	-68	-45	13
Net Income	2,225	3,179	2,049	1,517	211
Preferred Dividends & Other Adjustments	3	3	3	3	3
Net Income to Common	2,222	3,176	2,046	1,514	208
Net Income Growth	-30.01%	55.15%	35.07%	618.96%	-75.18%
Shares Outstanding (Basic)	1,219	1,218	1,218	1,215	1,214
Shares Outstanding (Diluted)	1,223	1,223	1,223	1,218	1,215
Shares Change (YoY)	0.02%	0.00%	0.37%	0.25%	0.10%
EPS (Basic)	1.82	2.61	1.68	1.25	0.17
EPS (Diluted)	1.82	2.60	1.67	1.24	0.17
EPS Growth	-30.02%	55.73%	34.68%	629.41%	-75.63%
Free Cash Flow	2,296	3,371	2,606	2,698	2,221
Free Cash Flow Per Share	1.88	2.76	2.13	2.21	1.83
Dividend Per Share	1.900	1.790	1.700	1.640	1.600
Dividend Growth	6.15%	5.29%	3.66%	2.50%	5.26%
Gross Margin	60.04%	59.61%	53.54%	48.21%	61.95%
Operating Margin	31.05%	42.38%	26.66%	24.49%	33.14%
Profit Margin	20.66%	31.92%	18.02%	14.05%	2.69%
Free Cash Flow Margin	21.35%	33.88%	22.96%	25.04%	28.75%
EBITDA	5,558	6,288	5,036	4,481	4,281
EBITDA Margin	51.69%	63.19%	44.36%	41.59%	55.42%
D&A For EBITDA	2,219	2,071	2,009	1,842	1,721
EBIT	3,339	4,217	3,027	2,639	2,560
EBIT Margin	31.05%	42.38%	26.66%	24.49%	33.14%
Effective Tax Rate	21.43%	22.81%	16.72%	24.65%	28.52%
Revenue as Reported	10,503	10,907	10,965	10,627	7,719

Source: S&P Capital IQ. Standard template. Financial Sources.