Williams Companies (WMB) FY2017 results: revenue $8.0 billion, up 7.1% on the year
Williams Companies, Inc. (WMB) reported revenue of $8.0 billion for fiscal 2017, the year ended 31 December 2017, up 7.1% on the year before. Net income was $2.2 billion, and diluted earnings per share $2.62. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2018.
Revenue
$8.0 billion
+7.1% on the year
FY2010FY2017
Operating margin
11.5%
9.2% a year earlier
FY2010FY2017
Net income
$2.2 billion
FY2010FY2017
Diluted EPS
$2.62
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
8,031
7,499
7,360
+7.1%
Selling, general and administrative
594
723
736
-17.8%
Operating income
927
689
227
+34.5%
Operating margin
11.5%
9.2%
3.1%
Interest expense
1,083
1,179
1,044
-8.1%
Pre-tax income
535
-375
-1,713
Income tax
-1,974
-25.0
-399
Effective tax rate
-369.0%
n/a
n/a
Net income
2,174
-424
-571
Net margin
27.1%
-5.7%
-7.8%
Diluted EPS
$2.62
-$0.57
-$0.76
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
3,089
4,155
3,114
-25.7%
Capital expenditure
2,399
2,051
3,167
+17.0%
Free cash flow
690
2,104
-53.0
-67.2%
Free cash flow margin
8.6%
28.1%
-0.7%
Cash from investing
100
-891
-3,705
Cash from financing
-2,460
-3,194
451
Depreciation and amortisation
1,736
1,763
1,738
-1.5%
Share-based compensation
78.0
73.0
82.0
+6.8%
Dividends paid
992
1,261
1,836
-21.3%
Dividend per share
$1.20
$1.68
$2.45
-28.6%
Diluted shares, weighted
829m
751m
749m
+10.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
9,656
4,643
6,148
+108.0%
Non-controlling interest
6,519
9,403
10,077
-30.7%
Debt
20,935
23,502
24,487
-10.9%
Other liabilities
9,242
9,287
8,308
-0.5%
Total liabilities and equity
46,352
46,835
49,020
-1.0%
Fixed assets
28,211
28,428
29,579
-0.8%
Goodwill
47.0
n/a
47.0
Intangible assets
n/a
n/a
9,970
Cash and equivalents
899
170
100
+428.8%
Receivables
976
938
1,041
+4.1%
Inventory
113
138
127
-18.1%
Other assets
16,106
17,161
8,156
-6.1%
Total assets
46,352
46,835
49,020
-1.0%
10-K for the year ended 31 December 2017, filed 22 February 2018: the filing.