Williams Companies (WMB) FY2018 results: revenue $8.7 billion, up 8.2% on the year
Williams Companies, Inc. (WMB) reported revenue of $8.7 billion for fiscal 2018, the year ended 31 December 2018, up 8.2% on the year before. Net income was -$155 million, and diluted earnings per share $-0.16. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$8.7 billion
+8.2% on the year
FY2011FY2018
Operating margin
8.8%
11.5% a year earlier
FY2011FY2018
Net income
-$155 million
FY2011FY2018
Diluted EPS
-$0.16
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
8,686
8,031
7,499
+8.2%
Selling, general and administrative
569
594
723
-4.2%
Operating income
768
927
689
-17.2%
Operating margin
8.8%
11.5%
9.2%
Interest expense
1,112
1,083
1,179
+2.7%
Pre-tax income
331
535
-375
-38.1%
Income tax
138
-1,974
-25.0
Effective tax rate
41.7%
-369.0%
n/a
Net income
-155
2,174
-424
Net margin
-1.8%
27.1%
-5.7%
Diluted EPS
-$0.16
$2.62
-$0.57
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
3,293
3,089
4,155
+6.6%
Capital expenditure
3,256
2,399
2,051
+35.7%
Free cash flow
37.0
690
2,104
-94.6%
Free cash flow margin
0.4%
8.6%
28.1%
Cash from investing
-2,725
100
-891
Cash from financing
-1,299
-2,460
-3,194
Depreciation and amortisation
1,725
1,736
1,763
-0.6%
Share-based compensation
55.0
78.0
73.0
-29.5%
Dividends paid
1,386
992
1,261
+39.7%
Dividend per share
$1.36
$1.20
$1.68
+13.3%
Diluted shares, weighted
974m
829m
751m
+17.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
14,660
9,656
4,643
+51.8%
Non-controlling interest
1,337
6,519
9,403
-79.5%
Debt
22,367
20,935
23,502
+6.8%
Other liabilities
6,938
9,242
9,287
-24.9%
Total liabilities and equity
45,302
46,352
46,835
-2.3%
Fixed assets
27,504
28,211
28,428
-2.5%
Goodwill
0.0
47.0
n/a
Cash and equivalents
168
899
170
-81.3%
Receivables
992
976
938
+1.6%
Inventory
130
113
138
+15.0%
Other assets
16,508
16,106
17,161
+2.5%
Total assets
45,302
46,352
46,835
-2.3%
10-K for the year ended 31 December 2018, filed 21 February 2019: the filing.