The Williams Companies, Inc. (WMB)
NYSE: WMB · Real-Time Price · USD
68.92
+1.46 (2.16%)
At close: Nov 11, 2026, 4:00 PM EST
69.32
+0.40 (0.58%)
After-hours: Nov 11, 2026, 7:59 PM EST
The Williams Companies Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 3,126 | 2,618 | 2,225 | 3,179 | 2,049 | 1,517 |
Depreciation & Amortization | 2,389 | 2,347 | 2,219 | 2,071 | 2,009 | 1,842 |
Loss (Gain) From Sale of Assets | - | - | - | -129 | - | - |
Asset Writedown & Restructuring Costs | 212 | 212 | - | 10 | - | - |
Loss (Gain) From Sale of Investments | -404 | - | -276 | -30 | - | - |
Loss (Gain) on Equity Investments | 90 | 40 | 229 | 207 | 228 | 149 |
Stock-Based Compensation | 88 | 93 | 99 | 77 | 73 | 81 |
Other Operating Activities | 1,203 | 752 | 1,004 | 445 | 909 | 678 |
Change in Accounts Receivable | -449 | -219 | -169 | 1,089 | -733 | -545 |
Change in Inventory | 3 | -45 | -9 | 13 | -110 | -139 |
Change in Accounts Payable | 172 | 115 | 139 | -1,009 | 410 | 643 |
Change in Other Net Operating Assets | -370 | -15 | -487 | 15 | 54 | -281 |
Operating Cash Flow | 6,060 | 5,898 | 4,974 | 5,938 | 4,889 | 3,945 |
Operating Cash Flow Growth | 9.39% | 18.58% | -16.23% | 21.46% | 23.93% | 12.84% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -7,663 | -4,999 | -2,678 | -2,567 | -2,283 | -1,247 |
Sale of Property, Plant & Equipment | 324 | - | - | - | - | - |
Cash Acquisitions | -2,816 | -1 | -2,244 | -1,568 | -933 | -151 |
Divestitures | 187 | - | - | 346 | - | - |
Investment in Securities | -469 | -511 | 47 | -141 | -166 | -115 |
Other Investing Activities | 152 | 22 | 12 | 39 | 7 | 48 |
Investing Cash Flow | -10,285 | -5,489 | -4,863 | -3,891 | -3,375 | -1,465 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 245 | - | 372 | 345 | - |
Long-Term Debt Issued | - | 4,940 | 3,594 | 2,755 | 1,755 | 2,155 |
Total Debt Issued | 7,729 | 5,185 | 3,594 | 3,127 | 2,100 | 2,155 |
Short-Term Debt Repaid | - | - | -269 | - | - | - |
Long-Term Debt Repaid | - | -2,827 | -2,946 | -634 | -2,876 | -894 |
Total Debt Repaid | -2,647 | -2,827 | -3,215 | -634 | -2,876 | -894 |
Net Debt Issued (Repaid) | 5,082 | 2,358 | 379 | 2,493 | -776 | 1,261 |
Issuance of Common Stock | 13 | 9 | 10 | 6 | 54 | 9 |
Repurchase of Common Stock | - | - | - | -130 | -9 | - |
Common Dividends Paid | -2,550 | -2,442 | -2,316 | -2,179 | -2,071 | -1,992 |
Other Financing Activities | 3,366 | -331 | -274 | -239 | -240 | -220 |
Financing Cash Flow | 5,911 | -406 | -2,201 | -49 | -3,042 | -942 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 1,686 | 3 | -2,090 | 1,998 | -1,528 | 1,538 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -1,603 | 899 | 2,296 | 3,371 | 2,606 | 2,698 |
Free Cash Flow Growth | - | -60.85% | -31.89% | 29.35% | -3.41% | 21.48% |
Free Cash Flow Margin | -12.65% | 7.60% | 21.35% | 33.88% | 22.96% | 25.04% |
Free Cash Flow Per Share | -1.30 | 0.73 | 1.88 | 2.76 | 2.13 | 2.21 |
Levered Free Cash Flow | -2,856 | -353.5 | 1,027 | 1,588 | 1,162 | 1,533 |
Unlevered Free Cash Flow | -1,917 | 547.75 | 1,880 | 2,360 | 1,879 | 2,269 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 1,404 | 1,404 | 1,293 | 1,152 | 1,117 | 1,137 |
Cash Income Tax Paid | 162 | 162 | 68 | 31 | 13 | -45 |
Change in Working Capital | -644 | -164 | -526 | 108 | -379 | -322 |