The Williams Companies, Inc. (WMB)

The Williams Companies Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	2,370	2,225	3,179	2,049	1,517	211
Depreciation & Amortization	2,319	2,219	2,071	2,009	1,842	1,721
Loss (Gain) From Sale of Assets	-	-	-129	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	369
Loss (Gain) From Sale of Investments	-	-276	-30	-	-	1,046
Loss (Gain) on Equity Investments	231	229	207	228	149	325
Stock-Based Compensation	100	99	77	73	81	52
Other Operating Activities	804	1,004	445	909	678	111
Change in Accounts Receivable	-152	-169	1,089	-733	-545	-2
Change in Inventory	-69	-9	13	-110	-139	-28
Change in Accounts Payable	97	139	-1,009	410	643	-7
Change in Other Net Operating Assets	-160	-487	25	54	-281	-302
Operating Cash Flow	5,540	4,974	5,938	4,889	3,945	3,496
Operating Cash Flow Growth	-0.52%	-16.23%	21.46%	23.93%	12.84%	-5.33%
Capital Expenditures	-3,818	-2,678	-2,567	-2,283	-1,247	-1,275
Cash Acquisitions	-250	-2,244	-1,568	-933	-151	-
Divestitures	-	-	346	-	-	-
Investment in Securities	-205	47	-141	-166	-115	-325
Other Investing Activities	1	12	39	7	48	42
Investing Cash Flow	-4,272	-4,863	-3,891	-3,375	-1,465	-1,558
Short-Term Debt Issued	-	-	372	345	-	-
Long-Term Debt Issued	-	3,594	2,755	1,755	2,155	3,899
Total Debt Issued	2,994	3,594	3,127	2,100	2,155	3,899
Short-Term Debt Repaid	-	-269	-	-	-	-
Long-Term Debt Repaid	-	-2,946	-634	-2,876	-894	-3,841
Total Debt Repaid	-2,223	-3,215	-634	-2,876	-894	-3,841
Net Debt Issued (Repaid)	771	379	2,493	-776	1,261	58
Issuance of Common Stock	11	10	6	54	9	9
Repurchase of Common Stock	-	-	-130	-9	-	-
Common Dividends Paid	-2,411	-2,316	-2,179	-2,071	-1,992	-1,941
Other Financing Activities	-331	-274	-239	-240	-220	-211
Financing Cash Flow	-1,960	-2,201	-49	-3,042	-942	-2,085
Net Cash Flow	-692	-2,090	1,998	-1,528	1,538	-147
Free Cash Flow	1,722	2,296	3,371	2,606	2,698	2,221
Free Cash Flow Growth	-42.64%	-31.89%	29.35%	-3.41%	21.48%	43.85%
Free Cash Flow Margin	14.87%	21.35%	33.88%	22.96%	25.04%	28.75%
Free Cash Flow Per Share	1.41	1.88	2.76	2.13	2.21	1.83
Cash Interest Paid	1,293	1,293	1,152	1,117	1,137	1,149
Cash Income Tax Paid	68	68	31	13	-45	-40
Levered Free Cash Flow	485	1,026	1,582	1,162	1,533	960.5
Unlevered Free Cash Flow	1,366	1,878	2,354	1,879	2,269	1,693
Change in Working Capital	-284	-526	118	-379	-322	-339

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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