Williams Companies (WMB) FY2015 results: revenue $7.4 billion, down 3.6% on the year
Williams Companies, Inc. (WMB) reported revenue of $7.4 billion for fiscal 2015, the year ended 31 December 2015, down 3.6% on the year before. Net income was -$571 million, and diluted earnings per share $-0.76. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$7.4 billion
-3.6% on the year
FY2008FY2015
Operating margin
3.1%
20.5% a year earlier
FY2008FY2015
Net income
-$571 million
FY2008FY2015
Diluted EPS
-$0.76
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
7,360
7,637
6,860
-3.6%
Selling, general and administrative
736
661
512
+11.3%
Operating income
227
1,569
1,375
-85.5%
Operating margin
3.1%
20.5%
20.0%
Interest expense
1,044
747
510
+39.8%
Pre-tax income
-1,713
3,584
1,080
Income tax
-399
1,249
401
Effective tax rate
n/a
34.8%
37.1%
Net income
-571
2,114
430
Net margin
-7.8%
27.7%
6.3%
Diluted EPS
-$0.76
$2.92
$0.62
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
3,114
2,134
2,217
+45.9%
Capital expenditure
3,167
4,031
3,572
-21.4%
Free cash flow
-53.0
-1,897
-1,355
Free cash flow margin
-0.7%
-24.8%
-19.8%
Cash from investing
-3,705
-10,157
-4,052
Cash from financing
451
7,582
1,677
-94.1%
Depreciation and amortisation
1,738
1,176
815
+47.8%
Share-based compensation
82.0
53.0
37.0
+54.7%
Dividends paid
1,836
1,412
982
+30.0%
Dividend per share
$2.45
$1.96
$1.44
+25.2%
Diluted shares, weighted
749m
724m
687m
+3.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
6,148
8,777
4,864
-30.0%
Non-controlling interest
10,077
11,395
4,057
-11.6%
Debt
24,487
21,582
11,579
+13.5%
Other liabilities
8,308
8,701
6,642
-4.5%
Total liabilities and equity
49,020
50,455
27,142
-2.8%
Fixed assets
29,579
28,081
18,210
+5.3%
Goodwill
47.0
1,120
646
-95.8%
Intangible assets
9,970
10,453
1,644
-4.6%
Cash and equivalents
100
240
681
-58.3%
Receivables
1,041
1,139
674
-8.6%
Inventory
127
231
194
-45.0%
Other assets
8,156
9,191
5,093
-11.3%
Total assets
49,020
50,455
27,142
-2.8%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.