Williams Companies (WMB) FY2012 results: revenue $7.5 billion, down 5.6% on the year
Williams Companies, Inc. (WMB) reported revenue of $7.5 billion for fiscal 2012, the year ended 31 December 2012, down 5.6% on the year before. Net income was $859 million, up 128.5%, and diluted earnings per share $1.37. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$7.5 billion
-5.6% on the year
FY2007FY2012
Operating margin
21.5%
23.5% a year earlier
FY2007FY2012
Net income
$859 million
+128.5% on the year
FY2007FY2012
Diluted EPS
$1.37
+117.5% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
7,486
7,930
6,638
-5.6%
Cost of revenue
3,496
3,934
3,260
-11.1%
Gross profit
3,990
3,996
3,378
-0.2%
Gross margin
53.3%
50.4%
50.9%
Selling, general and administrative
571
477
504
+19.7%
Operating income
1,612
1,867
1,407
-13.7%
Operating margin
21.5%
23.5%
21.2%
Interest expense
n/a
599
614
Pre-tax income
1,289
1,202
385
+7.2%
Income tax
360
124
114
+190.3%
Effective tax rate
27.9%
10.3%
29.6%
Net income
859
376
-1,097
+128.5%
Net margin
11.5%
4.7%
-16.5%
Diluted EPS
$1.37
$0.63
-$1.88
+117.5%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,835
3,439
2,651
-46.6%
Capital expenditure
2,529
2,796
2,788
-9.5%
Free cash flow
-694
643
-137
Free cash flow margin
-9.3%
8.1%
-2.1%
Cash from investing
-6,921
-3,003
-4,296
Cash from financing
5,036
-342
573
Depreciation and amortisation
756
661
1,507
+14.4%
Share-based compensation
36.0
52.0
48.0
-30.8%
Dividends paid
742
457
284
+62.4%
Dividend per share
$1.20
$0.78
$0.48
+54.4%
Diluted shares, weighted
625m
598m
585m
+4.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,752
1,296
6,803
+266.7%
Non-controlling interest
2,675
1,290
1,331
+107.4%
Debt
10,735
8,722
8,600
+23.1%
Other liabilities
6,165
5,194
8,238
+18.7%
Total liabilities and equity
24,327
16,502
24,972
+47.4%
Fixed assets
15,467
12,580
11,754
+22.9%
Goodwill
649
0.0
8.0
Intangible assets
1,704
44.0
n/a
+3,772.7%
Investments
3,987
1,391
1,240
+186.6%
Cash and equivalents
839
889
758
-5.6%
Receivables
688
n/a
n/a
Inventory
175
169
225
+3.6%
Other assets
818
1,429
10,987
-42.8%
Total assets
24,327
16,502
24,972
+47.4%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.