Williams Companies (WMB) FY2023 results: revenue $10.9 billion, down 0.5% on the year
Williams Companies, Inc. (WMB) reported revenue of $10.9 billion for fiscal 2023, the year ended 31 December 2023, down 0.5% on the year before. Net income was $3.2 billion, up 55.1%, and diluted earnings per share $2.60. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$10.9 billion
-0.5% on the year
FY2016FY2023
Operating margin
39.5%
27.5% a year earlier
FY2016FY2023
Net income
$3.2 billion
+55.1% on the year
FY2016FY2023
Diluted EPS
$2.60
+55.7% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,938
4,889
3,945
+21.5%
Capital expenditure
2,516
2,253
1,239
+11.7%
Free cash flow
3,422
2,636
2,706
+29.8%
Free cash flow margin
31.4%
24.0%
25.5%
Cash from investing
-3,891
-3,375
-1,465
Cash from financing
-49.0
-3,042
-942
Depreciation and amortisation
2,071
2,009
1,842
+3.1%
Share-based compensation
77.0
73.0
81.0
+5.5%
Buybacks
130
9.0
0.0
+1,344.4%
Dividends paid
2,179
2,071
1,992
+5.2%
Dividend per share
$1.79
$1.70
$1.64
+5.3%
Diluted shares, weighted
1,223m
1,223m
1,218m
+0.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
12,402
11,485
11,423
+8.0%
Non-controlling interest
2,489
2,560
2,678
-2.8%
Debt
26,438
22,904
23,675
+15.4%
Operating lease liabilities
148
148
141
0.0%
Other liabilities
11,150
11,336
9,695
-1.6%
Total liabilities and equity
52,627
48,433
47,612
+8.7%
Fixed assets
34,311
30,889
29,258
+11.1%
Goodwill
463
0.0
0.0
Cash and equivalents
2,150
152
1,680
+1,314.5%
Receivables
1,655
2,723
1,978
-39.2%
Inventory
274
320
379
-14.4%
Other assets
13,774
14,349
14,317
-4.0%
Total assets
52,627
48,433
47,612
+8.7%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.