WILLIAMS COMPANIES INC

For the period ended Dec 31, 2023. Filed Feb 21, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 21, 2024

WMB$66.45+3.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statement of Income

	Year Ended December 31,
	2023	2022	2021
(Millions, except per-share amounts)
Revenues:
Service revenues	$7,026	$6,536	$6,001
Service revenues – commodity consideration	146	260	238
Product sales	2,779	4,556	4,536
Net gain (loss) from commodity derivatives	956	(387)	(148)
Total revenues	10,907	10,965	10,627
Costs and expenses:
Product costs	1,884	3,369	3,931
Net processing commodity expenses	151	88	101
Operating and maintenance expenses	1,984	1,817	1,548
Depreciation and amortization expenses	2,071	2,009	1,842
Selling, general, and administrative expenses	665	636	558
Gain on sale of business (Note 3)	(129)	—	—
Other (income) expense – net	(30)	28	16
Total costs and expenses	6,596	7,947	7,996
Operating income (loss)	4,311	3,018	2,631
Equity earnings (losses)	589	637	608
Other investing income (loss) – net	108	16	7
Interest expense	(1,236)	(1,147)	(1,179)
Net gain from Energy Transfer litigation judgment (Note 17)	534	—	—
Other income (expense) – net	99	18	6
Income (loss) before income taxes	4,405	2,542	2,073
Less: Provision (benefit) for income taxes	1,005	425	511
Income (loss) from continuing operations	3,400	2,117	1,562
Income (loss) from discontinued operations (Note 17)	(97)	—	—
Net income (loss)	3,303	2,117	1,562
Less: Net income (loss) attributable to noncontrolling interests	124	68	45
Net income (loss) attributable to The Williams Companies, Inc.	3,179	2,049	1,517
Less: Preferred stock dividends	3	3	3
Net income (loss) available to common stockholders	$3,176	$2,046	$1,514
Amounts attributable to The Williams Companies, Inc. available to common stockholders:
Income (loss) from continuing operations	$3,273	$2,046	$1,514
Income (loss) from discontinued operations (Note 17)	(97)	—	—
Net income (loss) available to common stockholders	$3,176	$2,046	$1,514
Basic earnings (loss) per common share:
Income (loss) from continuing operations	$2.69	$1.68	$1.25
Income (loss) from discontinued operations	(.08)	—	—
Net income (loss) available to common stockholders	$2.61	$1.68	$1.25
Weighted-average shares (thousands)	1,217,784	1,218,362	1,215,221
Diluted earnings (loss) per common share:
Income (loss) from continuing operations	$2.68	$1.67	$1.24
Income (loss) from discontinued operations	(.08)	—	—
Net income (loss) available to common stockholders	$2.60	$1.67	$1.24
Weighted-average shares (thousands)	1,222,715	1,222,672	1,218,215

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.