Williams Companies (WMB) FY2024 results: revenue $10.5 billion, down 3.7% on the year
Williams Companies, Inc. (WMB) reported revenue of $10.5 billion for fiscal 2024, the year ended 31 December 2024, down 3.7% on the year before. Net income was $2.2 billion, down 30.0%, and diluted earnings per share $1.82. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$10.5 billion
-3.7% on the year
FY2017FY2024
Operating margin
31.8%
39.5% a year earlier
FY2017FY2024
Net income
$2.2 billion
-30.0% on the year
FY2017FY2024
Diluted EPS
$1.82
-30.0% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,974
5,938
4,889
-16.2%
Capital expenditure
2,573
2,516
2,253
+2.3%
Free cash flow
2,401
3,422
2,636
-29.8%
Free cash flow margin
22.9%
31.4%
24.0%
Cash from investing
-4,863
-3,891
-3,375
Cash from financing
-2,201
-49.0
-3,042
Depreciation and amortisation
2,219
2,071
2,009
+7.1%
Share-based compensation
99.0
77.0
73.0
+28.6%
Buybacks
0.0
130
9.0
Dividends paid
2,316
2,179
2,071
+6.3%
Dividend per share
$1.90
$1.79
$1.70
+6.1%
Diluted shares, weighted
1,223m
1,223m
1,223m
+0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
12,436
12,402
11,485
+0.3%
Non-controlling interest
2,404
2,489
2,560
-3.4%
Debt
26,456
26,438
22,904
+0.1%
Operating lease liabilities
142
148
148
-4.1%
Other liabilities
13,094
11,150
11,336
+17.4%
Total liabilities and equity
54,532
52,627
48,433
+3.6%
Fixed assets
38,692
34,311
30,889
+12.8%
Goodwill
466
463
0.0
+0.6%
Cash and equivalents
60.0
2,150
152
-97.2%
Receivables
1,863
1,655
2,723
+12.6%
Inventory
279
274
320
+1.8%
Other assets
13,172
13,774
14,349
-4.4%
Total assets
54,532
52,627
48,433
+3.6%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.