The Williams Companies, Inc. (WMB) quarterly cash flow statement — complete operating, investing & financing history
The Williams Companies, Inc. (WMB) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 1.5B | 1.38B | 1.6B | 1.58B | 1.44B | 1.45B | 1.43B | 1.22B | 1.24B | 1.28B | 1.23B | 1.81B | 1.23B | 1.38B | 1.51B | 1.22B | 1.49B | 1.1B | 1.08B | 1.14B |
| Operating CF Margin % | 46.7% | 45.07% | 52.9% | 49.28% | 49.23% | 52.35% | 47.01% | 44.4% | 46.85% | 54.75% | 44.53% | 65.12% | 48.22% | 55.46% | 49.14% | 41.6% | 49.32% | 44.1% | 42.87% | 34.97% |
| Operating CF Growth % | 4.59% | -5.1% | 11.86% | 29.39% | 15.77% | 13.37% | 16.13% | -32.82% | 0.73% | -7.12% | -18.49% | 48.73% | -17.18% | 25.41% | 39.93% | 7.02% | 78.66% | 3.88% | 18.25% | 2.24% |
| Net Income | 767M | 876M | 912M | 734M | 683M | 583M | 729M | 517M | 796M | 401M | 632M | 1.15B | 684M | 494M | 927M | 697M | 621M | 400M | 380M | 632M |
| Depreciation & Amortization | 620M | 592M | 584M | 593M | 564M | 605M | 585M | 565M | 566M | 540M | 548M | 529M | 521M | 515M | 506M | 505M | 500M | 519M | 509M | 454M |
| Stock-Based Compensation | 26M | 17M | 22M | 0 | -49M | 19M | 30M | 30M | -48M | 24M | 24M | 18M | 19M | 23M | 17M | 15M | 22M | 15M | 21M | 21M |
| Deferred Taxes | 224M | 257M | 235M | 302M | 256M | 79M | 107M | 39M | 209M | 106M | 152M | 365M | 159M | 144M | 283M | 249M | 92M | -25M | 115M | 196M |
| Other Non-Cash Items | 23M | -241M | -2M | 71M | 16M | 79M | 36M | 239M | -588M | 217M | 177M | -285M | -86M | -28M | -218M | 113M | 46M | 274M | 200M | -208M |
| Working Capital Changes | -155M | -125M | -148M | -124M | -31M | 85M | -54M | -172M | 308M | -9M | -299M | 40M | -63M | 229M | -1M | -360M | 209M | -85M | -143M | 44M |
| Change in Receivables | 48M | -319M | 425M | -603M | 83M | 219M | 82M | -536M | 97M | -44M | 314M | -206M | -128M | 154M | 1.27B | -61M | 125M | -794M | -3M | -7M |
| Change in Inventory | 14M | -82M | 50M | 21M | 66M | -89M | 28M | -3M | 11M | -37M | 34M | -16M | -12M | 14M | 27M | -34M | -77M | -177M | 178M | -12M |
| Change in Payables | -62M | -46M | -194M | 474M | -94M | -236M | -29M | 456M | -98M | 90M | -309M | 180M | 148M | -203M | -1.02B | -333M | 53M | 828M | -138M | 73M |
| Cash from Investing | -5.21B | -1.91B | -884M | -2.27B | -1.02B | -1.01B | -1.17B | -1.07B | -773M | -610M | -2.44B | -1.26B | -343M | -649M | -1.64B | -840M | -883M | -1.29B | -357M | -357M |
| Capital Expenditures | -2.49B | -1.83B | -1.36B | -2.06B | -954M | -972M | -1.01B | -873M | -682M | -579M | -544M | -806M | -702M | -624M | -552M | -817M | -849M | -320M | -297M | -290M |
| CapEx % of Revenue | 77.23% | 60.07% | 44.85% | 64.45% | 32.64% | 35.09% | 33.2% | 31.83% | 25.71% | 24.79% | 19.63% | 28.95% | 27.43% | 25.13% | 17.92% | 27.88% | 28.1% | 12.85% | 11.77% | 8.9% |
| Acquisitions | -2.82B | 0 | 0 | 94M | 190M | -26M | -164M | -176M | 1.83B | -15M | -1.82B | -546M | 366M | -27M | -1.09B | -26M | -40M | -928M | 3M | -61M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 162M | 32M | 456M | 13M | -82M | 4M | 6M | -8M | -2.09B | 14M | -20M | 136M | -7M | 2M | 8M | 113M | 6M | 5M | -7M | 108M |
| Cash from Financing | 5.26B | -217M | 168M | 690M | -1.25B | 363M | -223M | -850M | 237M | -1.28B | -281M | -477M | 632M | -654M | 450M | -1.09B | 119M | -282M | -1.8B | 684M |
| Debt Issued (Net) | 2.25B | 368M | 935M | 1.36B | -1.03B | 1.04B | 512M | -207M | 854M | -635M | 364M | 112M | 1.24B | -6M | 1.14B | -509M | 703M | 283M | -1.25B | 1.25B |
| Equity Issued (Net) | 5M | 0 | 8M | 0 | 4M | 0 | 5M | 2M | 3M | 0 | 5M | -2M | 4M | -55M | -71M | 1M | -4M | 11M | 37M | 3M |
| Dividends Paid | -656M | -642M | -642M | -610M | -611M | -611M | -610M | -579M | -579M | -579M | -579M | -544M | -544M | -545M | -546M | -518M | -518M | -517M | -518M | -498M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -56M | -74M | 0 | -9M | 0 | 0 | 0 |
| Other Financing | 3.65B | 57M | -133M | -65M | 385M | -65M | -130M | -66M | -41M | -67M | -71M | -43M | -72M | -48M | -76M | -57M | -62M | -59M | -64M | -71M |
| Net Change in Cash | 1.55B | -747M | 887M | -7M | -833M | 803M | 40M | -702M | 707M | -612M | -1.48B | 76M | 1.52B | 74M | 325M | -707M | 726M | -471M | -1.08B | 1.47B |
| Free Cash Flow | -984M | -458M | 244M | -485M | 485M | 478M | 421M | 345M | 561M | 700M | 690M | 1.12B | 532M | 753M | 962M | 402M | 641M | 778M | 785M | 849M |
| FCF Margin % | -30.53% | -15% | 8.05% | -15.17% | 16.59% | 17.26% | 13.81% | 12.58% | 21.15% | 29.97% | 24.9% | 40.37% | 20.79% | 30.33% | 31.22% | 13.72% | 21.22% | 31.25% | 31.1% | 26.07% |
| FCF Growth % | -302.89% | -195.82% | -42.04% | -240.58% | -13.55% | -31.71% | -38.99% | -69.31% | 5.45% | -7.04% | -28.27% | 179.6% | -17% | -3.21% | 22.55% | -52.65% | 13.05% | 23.89% | 20.03% | 5.2% |
| FCF per Share | -0.79 | -0.37 | 0.20 | -0.40 | 0.40 | 0.39 | 0.34 | 0.28 | 0.46 | 0.57 | 0.56 | 0.92 | 0.44 | 0.62 | 0.78 | 0.33 | 0.52 | 0.64 | 0.64 | 0.70 |
| FCF Conversion (FCF/Net Income) | 2.15x | 1.66x | 1.85x | 2.15x | 2.22x | 2.66x | 2.07x | 2.51x | 1.76x | 3.19x | 1.95x | 1.59x | 1.89x | 2.99x | 1.63x | 1.82x | 2.48x | 2.75x | 2.85x | 1.83x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |