XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Revenues $ 2,283 $ 1,781 $ 4,895 $ 3,694
Costs and expenses:        
Operating and maintenance expenses 379 320 739 657
Depreciation and amortization expenses 463 430 901 859
Selling, general, and administrative expenses 114 127 237 240
Impairment of goodwill (Note 10) 0 0 0 187
Other (income) expense – net 12 6 11 13
Total costs and expenses 1,683 1,169 3,556 2,651
Operating income (loss) 600 612 1,339 1,043
Equity earnings (losses) (Note 4) 135 108 266 130
Impairment of equity-method investments (Note 10) 0 0 0 (938)
Other investing income (loss) – net 2 1 4 4
Interest incurred (301) (299) (597) (600)
Interest capitalized 3 5 5 10
Other income (expense) – net 2 5 0 9
Income (loss) before income taxes 441 432 1,017 (342)
Less: Provision (benefit) for income taxes 119 117 260 (87)
Net income (loss) 322 315 757 (255)
Less: Net income (loss) attributable to noncontrolling interests 18 12 27 (41)
Net income (loss) attributable to The Williams Companies, Inc. 304 303 730 (214)
Less: Preferred stock dividends 0 0 1 1
Net income (loss) available to common stockholders $ 304 $ 303 $ 729 $ (215)
Basic earnings (loss) per common share:        
Net income (loss) $ 0.25 $ 0.25 $ 0.60 $ (0.18)
Weighted-average shares (thousands) 1,215,250 1,213,601 1,214,950 1,213,310
Diluted earnings (loss) per common share:        
Net income (loss) $ 0.25 $ 0.25 $ 0.60 $ (0.18)
Weighted-average shares (thousands) 1,217,476 1,214,581 1,217,344 1,213,310 [1]
Service [Member]        
Revenues:        
Revenues $ 1,460 $ 1,446 $ 2,912 $ 2,920
NonRegulated Service Commodity Consideration [Member]        
Revenues:        
Revenues 51 25 100 53
Product [Member]        
Revenues:        
Revenues 772 310 1,883 721
Oil and Gas, Purchased [Member]        
Costs and expenses:        
Product costs 697 271 1,629 667
Natural Gas Purchased For Shrink [Member]        
Costs and expenses:        
Product costs $ 18 $ 15 $ 39 $ 28
[1] For the six months ended June 30, 2020, 1.1 million weighted-average nonvested restricted stock units have been excluded from the computation of diluted earnings (loss) per common share as their inclusion would be antidilutive due to our loss available to common stockholders.