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Williams Companies (WMB) Q4 FY2021 earnings: revenue $3.3 billion, up 55.7% on the year

Williams Companies, Inc. (WMB) reported revenue of $3.3 billion for Q4 FY2021, the quarter ended 31 December 2021, up 55.7% on the same quarter a year earlier. Net income was $622 million, up 436.2% on the year, and diluted earnings per share $0.51. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.

Revenue
$3.3 billion
+55.7% on the year · +31.6% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
28.8%
24.8% a year earlier
Q1 FY2020Q4 FY2021
Net income
$622 million
+436.2% on the year · +277.0% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$0.51
+410.0% on the year · +292.3% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue3,2572,4752,092+31.6%+55.7%
Selling, general and administrative169n/an/a
Operating income937355518+163.9%+80.9%
Operating margin28.8%14.3%24.8%
Interest expense295n/an/a
Pre-tax income830n/an/a
Income tax198n/an/a
Effective tax rate23.9%n/an/a
Net income622165116+277.0%+436.2%
Net margin19.1%n/an/a
Diluted EPS$0.51$0.13$0.10+292.3%+410.0%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free 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

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow1,139n/an/a
Capital expenditure282n/an/a
Free cash flow857n/an/a
Free cash flow margin26.3%n/an/a
Cash from investing-357n/an/a
Cash from financing684n/an/a
Depreciation and amortisation454487436-6.8%+4.1%
Share-based compensation21.0n/an/a
Dividends paid498n/an/a
Diluted shares, weighted1,218m1,218m1,215m+0.0%+0.3%
Shares outstanding at period end1,216m1,215m1,214m+0.0%+0.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity11,42311,19811,769+2.0%-2.9%
Non-controlling interest2,678n/an/a
Debt23,67522,36222,344+5.9%+6.0%
Operating lease liabilities141n/an/a
Other liabilities9,695n/an/a
Total liabilities and equity47,612n/an/a
Fixed assets29,258n/an/a
Goodwill0.0n/an/a
Cash and equivalents1,680214142+685.0%+1,083.1%
Receivables1,978n/an/a
Inventory379n/an/a
Other assets14,317n/an/a
Total assets47,612n/an/a

Questions

What was Williams Companies' revenue in Q4 FY2021?

Williams Companies (WMB) reported revenue of $3.3 billion for Q4 FY2021, the quarter ended 31 December 2021, up 55.7% on the same quarter a year earlier.

How much did Williams Companies earn in Q4 FY2021?

Net income for Q4 FY2021 was $622 million, up 436.2% on the year, and diluted earnings per share $0.51.

When did Williams Companies report Q4 FY2021 results?

Williams Companies filed its 10-K for the year that ended with the quarter on 28 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue3,2572,5242,4903,0212,9303,0812,4832,5592,7842,7712,3362,6532,7433,0482,7812,9233,1983,0303,0533,223
SG&A169154160163159176161146182186164170188194168168n/an/an/an/a
Operating income9376544728201,0721,3608709941,0871,0126968387931,0949451,1091,0481,3211,1821,136
Operating margin29%26%19%27%37%44%35%39%39%37%30%32%29%36%34%38%33%44%39%35%
Interest expense295286281291289294306314322349339338338349350372371376371385
Pre-tax income8305103627179531,2417568611,5478555559686089227579291,0171,1561,136988
Tax rate24%23%-12%13%27%23%23%20%24%23%23%23%15%21%23%26%24%21%23%22%
Net income6223804006006699274606541,138632401706486691546647734865827700
Net margin19%15%16%20%23%30%19%26%41%23%17%27%18%23%20%22%23%29%27%22%
Diluted EPS$0.51$0.31$0.33$0.49$0.54$0.76$0.38$0.54$0.92$0.52$0.33$0.58$0.39$0.56$0.45$0.53$0.60$0.70$0.68$0.56
Operating cash flow1,1391,0821,0981,4901,2191,5141,3771,2341,8131,2341,2791,2431,2181,4331,4501,4391,5761,6031,3761,505
Capital expenditure2822913158418065456106906715445796827681,0129729541,9551,3591,8342,489
Free cash flow8577917836494139697675441,142690700561450421478485-379244-458-984
Buybacksn/a0.00.09.00.074.056.00.00.00.00.00.00.0n/an/an/an/an/an/an/a
Dividends paid498518517518518546545544544579579579579610611611610642642656
Shares outstanding1,216m1,218m1,219m1,218m1,219m1,218m1,216m1,216m1,217m1,219m1,219m1,219m1,219m1,221m1,221m1,221m1,222m1,223m1,223m1,250m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 28 February 2022: the filing.