Williams Companies (WMB) FY2011 results: revenue $7.9 billion, up 19.5% on the year
Williams Companies, Inc. (WMB) reported revenue of $7.9 billion for fiscal 2011, the year ended 31 December 2011, up 19.5% on the year before. Net income was $376 million, and diluted earnings per share $0.63. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2012.
Revenue
$7.9 billion
+19.5% on the year
FY2007FY2011
Operating margin
23.5%
21.2% a year earlier
FY2007FY2011
Net income
$376 million
FY2007FY2011
Diluted EPS
$0.63
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
7,930
6,638
5,278
+19.5%
Cost of revenue
3,934
3,260
n/a
+20.7%
Gross profit
3,996
3,378
n/a
+18.3%
Gross margin
50.4%
50.9%
n/a
Selling, general and administrative
477
504
330
-5.4%
Operating income
1,867
1,407
1,106
+32.7%
Operating margin
23.5%
21.2%
21.0%
Interest expense
599
614
592
-2.4%
Pre-tax income
1,202
385
550
+212.2%
Income tax
124
114
204
+8.8%
Effective tax rate
10.3%
29.6%
37.1%
Net income
376
-1,097
285
Net margin
4.7%
-16.5%
5.4%
Diluted EPS
$0.63
-$1.88
$0.49
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
3,439
2,651
2,572
+29.7%
Capital expenditure
2,796
2,788
2,387
+0.3%
Free cash flow
643
-137
185
Free cash flow margin
8.1%
-2.1%
3.5%
Cash from investing
-3,003
-4,296
-2,310
Cash from financing
-342
573
166
Depreciation and amortisation
661
1,507
1,469
-56.1%
Share-based compensation
52.0
48.0
43.0
+8.3%
Buybacks
n/a
n/a
0.0
Dividends paid
457
284
256
+60.9%
Dividend per share
$0.78
$0.48
$0.44
+59.8%
Diluted shares, weighted
598m
585m
589m
+2.3%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
1,296
6,803
8,447
-80.9%
Non-controlling interest
1,290
1,331
572
-3.1%
Debt
8,722
8,600
8,259
+1.4%
Other liabilities
5,194
8,238
8,002
-37.0%
Total liabilities and equity
16,502
24,972
25,280
-33.9%
Fixed assets
12,580
11,754
18,582
+7.0%
Goodwill
0.0
8.0
1,011
Intangible assets
44.0
n/a
n/a
Investments
1,391
1,240
886
+12.2%
Cash and equivalents
889
758
1,867
+17.3%
Inventory
169
225
221
-24.9%
Other assets
1,429
10,987
2,713
-87.0%
Total assets
16,502
24,972
25,280
-33.9%
10-K for the year ended 31 December 2011, filed 28 February 2012: the filing.