Williams Companies (WMB) FY2016 results: revenue $7.5 billion, up 1.9% on the year
Williams Companies, Inc. (WMB) reported revenue of $7.5 billion for fiscal 2016, the year ended 31 December 2016, up 1.9% on the year before. Net income was -$424 million, and diluted earnings per share $-0.57. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2017.
Revenue
$7.5 billion
+1.9% on the year
FY2009FY2016
Operating margin
9.2%
3.1% a year earlier
FY2009FY2016
Net income
-$424 million
FY2009FY2016
Diluted EPS
-$0.57
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
7,499
7,360
7,637
+1.9%
Selling, general and administrative
723
736
661
-1.8%
Operating income
689
227
1,569
+203.5%
Operating margin
9.2%
3.1%
20.5%
Interest expense
1,179
1,044
747
+12.9%
Pre-tax income
-375
-1,713
3,584
Income tax
-25.0
-399
1,249
Effective tax rate
n/a
n/a
34.8%
Net income
-424
-571
2,114
Net margin
-5.7%
-7.8%
27.7%
Diluted EPS
-$0.57
-$0.76
$2.92
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
4,155
3,114
2,134
+33.4%
Capital expenditure
2,051
3,167
4,031
-35.2%
Free cash flow
2,104
-53.0
-1,897
Free cash flow margin
28.1%
-0.7%
-24.8%
Cash from investing
-891
-3,705
-10,157
Cash from financing
-3,194
451
7,582
Depreciation and amortisation
1,763
1,738
1,176
+1.4%
Share-based compensation
73.0
82.0
53.0
-11.0%
Dividends paid
1,261
1,836
1,412
-31.3%
Dividend per share
$1.68
$2.45
$1.96
-31.4%
Diluted shares, weighted
751m
749m
724m
+0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,643
6,148
8,777
-24.5%
Non-controlling interest
9,403
10,077
11,395
-6.7%
Debt
23,502
24,487
21,582
-4.0%
Other liabilities
9,287
8,308
8,701
+11.8%
Total liabilities and equity
46,835
49,020
50,455
-4.5%
Fixed assets
28,428
29,579
28,081
-3.9%
Goodwill
n/a
47.0
1,120
Intangible assets
n/a
9,970
10,453
Cash and equivalents
170
100
240
+70.0%
Receivables
938
1,041
1,139
-9.9%
Inventory
138
127
231
+8.7%
Other assets
17,161
8,156
9,191
+110.4%
Total assets
46,835
49,020
50,455
-4.5%
10-K for the year ended 31 December 2016, filed 22 February 2017: the filing.