Williams Companies (WMB) FY2021 results: revenue $10.6 billion, up 37.7% on the year
Williams Companies, Inc. (WMB) reported revenue of $10.6 billion for fiscal 2021, the year ended 31 December 2021, up 37.7% on the year before. Net income was $1.5 billion, up 619.0%, and diluted earnings per share $1.24. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$10.6 billion
+37.7% on the year
FY2014FY2021
Operating margin
24.8%
28.5% a year earlier
FY2014FY2021
Net income
$1.5 billion
+619.0% on the year
FY2014FY2021
Diluted EPS
$1.24
+629.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
3,945
3,496
3,693
+12.8%
Capital expenditure
1,239
1,239
2,109
0.0%
Free cash flow
2,706
2,257
1,584
+19.9%
Free cash flow margin
25.5%
29.2%
19.3%
Cash from investing
-1,465
-1,558
-2,827
Cash from financing
-942
-2,085
-745
Depreciation and amortisation
1,842
1,721
1,714
+7.0%
Share-based compensation
81.0
52.0
57.0
+55.8%
Buybacks
0.0
n/a
n/a
Dividends paid
1,992
1,941
1,842
+2.6%
Dividend per share
$1.64
$1.60
$1.52
+2.5%
Diluted shares, weighted
1,218m
1,215m
1,214m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
11,423
11,769
13,363
-2.9%
Non-controlling interest
2,678
2,814
3,001
-4.8%
Debt
23,675
22,344
22,288
+6.0%
Operating lease liabilities
141
161
188
-12.4%
Other liabilities
9,695
7,077
7,200
+37.0%
Total liabilities and equity
47,612
44,165
46,040
+7.8%
Fixed assets
29,258
28,929
29,200
+1.1%
Goodwill
0.0
n/a
188
Cash and equivalents
1,680
142
289
+1,083.1%
Receivables
1,978
999
996
+98.0%
Inventory
379
136
125
+178.7%
Other assets
14,317
13,959
15,242
+2.6%
Total assets
47,612
44,165
46,040
+7.8%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.