XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Revenues $ 2,483 $ 2,490 $ 5,564 $ 5,014
Costs and expenses:        
Operating and maintenance expenses 481 465 944 859
Depreciation and amortization expenses 515 506 1,021 1,004
Selling, general, and administrative expenses 161 160 337 314
Other (income) expense – net (9) (10) (40) (19)
Total costs and expenses 1,613 2,018 3,334 3,888
Operating income (loss) 870 472 2,230 1,126
Equity earnings (losses) 160 163 307 299
Other investing income (loss) – net 13 2 21 3
Interest incurred (319) (286) (623) (575)
Interest capitalized 13 5 23 8
Other income (expense) – net 19 6 39 11
Income (loss) before income taxes 756 362 1,997 872
Less: Provision (benefit) for income taxes 175 (45) 459 73
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 581 407 1,538 799
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (87) 0 (87) 0
Net income (loss) 494 407 1,451 799
Less: Net income (loss) attributable to noncontrolling interests 34 7 64 19
Net income (loss) attributable to The Williams Companies, Inc. 460 400 1,387 780
Less: Preferred stock dividends 0 0 1 1
Net income (loss) available to common stockholders 460 400 1,386 779
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 547 400 1,473 779
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $ (87) $ 0 $ (87) $ 0
Basic earnings (loss) per common share:        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.45 $ 0.33 $ 1.21 $ 0.64
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (0.07) 0 (0.07) 0
Net income (loss) available to common stockholders $ 0.38 $ 0.33 $ 1.14 $ 0.64
Weighted-average shares (thousands) 1,217,673 1,218,678 1,218,564 1,217,814
Diluted earnings (loss) per common share:        
Income (Loss) from Continuing Operations, Per Diluted Share $ 0.45 $ 0.33 $ 1.20 $ 0.64
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share (0.07) 0 (0.07) 0
Net income (loss) available to common stockholders $ 0.38 $ 0.33 $ 1.13 $ 0.64
Weighted-average shares (thousands) 1,219,915 1,222,694 1,223,429 1,221,991
Service [Member]        
Revenues:        
Revenues $ 1,748 $ 1,606 $ 3,442 $ 3,143
NonRegulated Service Commodity Consideration [Member]        
Revenues:        
Revenues 27 86 63 163
Product [Member]        
Revenues:        
Revenues 593 1,111 1,438 2,215
Energy Commodities and Service        
Revenues:        
Revenues [1] 115 (313) 621 (507)
Oil and Gas, Purchased [Member]        
Costs and expenses:        
Product costs 421 857 974 1,660
Natural Gas Purchased For Shrink [Member]        
Costs and expenses:        
Product costs $ 44 $ 40 $ 98 $ 70
[1] We record transactions that qualify as derivatives at fair value with changes in fair value recognized in earnings in the period of change and characterized as unrealized gains or losses. Gains and losses on derivatives held for energy trading purposes are presented on a net basis in revenue.