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Williams Companies Cash Flow Statement

Operating, investing, and financing cash movements

Williams Companies generated $5.5B in operating cash flow over the trailing twelve months. After $3.7B in capital expenditures, free cash flow was $1.8B. Free cash flow decreased 0.4% year-over-year. Based on the Q3 2025 filing.

Net Cash From Operating (TTM)$5.5BNet Cash From Investing (TTM)-$4.3BNet Cash From Financing (TTM)-$2.0BCapital Expenditures (TTM)$3.7BDepreciation And Amortization Cf (TTM)$2.3BNet Change In Cash (TTM)-$496.0M
Latest FilingQ3 2025
Report Date2025-11-03
Market Cap$87.6B
P/E Ratio36.96
ROE19.0%

Investing

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Acquisitions, net of cash acquired$0$151M$249M$1M——
Capital expenditures$579M$682M$768M$1B$972M$954M
Payment for (Proceeds from) Other Investing Activity-$14M——-$6M-$4M—
Payments to Acquire Equity Method Investments$30M$19M$13M$163M$16M$13M
Payments To Retire Proceeds From Sale Of Property Plant And Equipment$32M$46M$32M$0$40M$40M
Sales of and distributions from equity method investments$40.3M$40.3M$40.3M———
Proceeds from Sale of Equity Method Investments$40.3M$40.3M$40.3M———
Proceeds from Sale of Equity Method Investments$40.3M$40.3M$40.3M———
Net cash from investing activities-$620M-$737M-$1.1B-$1.2B-$1B-$1B
Proceeds from Partial Sale of Haleon Investment$40.3M$40.3M$40.3M———

Operating

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Inventory write-down$2M$2M$2M$1M$3M$1M
Share of Profits (Losses) of Related Party$147M$147M$129M$155M$142M$152M
Change in accounts payable$90M-$98M$456M-$29M-$236M-$94M
Change in inventories$37M$3M$3M-$28M$89M$5M
Other working capital changes-$90M-$49M-$45M-$29M-$48M-$51M
Depreciation and amortization$540M$566M$565M$585M$605M$564M
Change in Derivative Assets and Liabilities$73M—$212M-$4M-$15M-$58M
Income (Loss) from Equity Method Investments$147M$147M$129M$155M$142M$152M
Income (Loss) from Equity Method Investments$147M$147M$129M$155M$142M$152M
Realized Gain (Loss) on Disposal of Equity Method Investment$37.3M$37.3M$37.3M———
Step Acquisition Remeasurement Gain$31.8M$31.8M$31.8M———
Income (Loss) from Equity Method Investments$147M$147M$129M$155M$142M$152M
Net cash from operating activities$1.3B$1.2B$1.2B$1.4B$1.5B$1.4B
Net income$426M$741M$517M$729M$583M$683M
Provision (benefit) for deferred income taxes$106M$209M$39M$107M$79M$256M
Distributions of earnings from equity method investees$206M$186M$209M$158M$254M$188M
Equity in earnings (losses) of equity method investees$147M$147M$129M$155M$142M$152M
Increase (Decrease) in Accounts and Notes Receivable$44M-$97M$536M-$82M-$219M-$83M
Increase (Decrease) in Other Current Assets-$3M$28M-$25M$40M—$7M
Current liabilities$142M-$32M$143M-$70M$220M—
Inventory write-downs$2M$2M$2M$1M$3M$1M
Unrealized Gain (Loss) on Derivatives and Commodity Contracts-$131M$0-$157M-$32M$36M$51M
Gain on Partial Sale of Investment$40.3M$40.3M$40.3M———
Income (Loss) from Equity Method Investments$147M$147M$129M$155M$142M$152M
Stock-based compensation$24M$21M$30M$30M$19M$21M

Financing

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Proceeds from minority shareholders$10M——$5M$14M$3M
Proceeds from issuance of debt$1M$1.5B$0$1.5B$1.5B—
Repayments of debt$1.3B$12M$660M$853M$122M$758M
Distributions to noncontrolling interests$66M$48M$64M$69M$62M$66M
Dividends paid$579M$579M$579M$610M$611M$611M
Payments Of Debt Issuance Costs$2M$13M$1M$12M$14M$3M
Other, net-$1M-$16M-$2M-$54M-$3M-$3M
Proceeds from (repayments of) short-term borrowings, net—-$628M—-$132M-$322M—
Net proceeds from sales of subsidiary shares$10M——$5M$14M$3M
Payment of Deferred Purchase Consideration-$1M-$16M-$2M-$54M-$3M-$3M
Noncontrolling interest transactions and other-$1M-$16M-$2M-$54M-$3M-$3M
Proceeds from Minority Shareholders$10M——$5M$14M$3M
Proceeds from Sale of Noncontrolling Interests$10M——$5M$14M$3M
Net cash from financing activities-$1.3B$0-$850M-$223M$377M-$1.3B
Noncontrolling Interests Activity and Other-$1M-$16M-$2M-$54M-$3M-$3M
Proceeds from Minority Shareholders$10M——$5M$14M$3M
Proceeds from issuance of common stock$0$3M$2M$5M—$4M
Repurchases of common stock$0$0$0———
Proceeds from Minority Shareholders$10M——$5M$14M$3M

Free Cash Flow

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Free cash flow$700M$561M$450M$421M$478M$485M

Other

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Net increase (decrease) in cash-$612M—-$702M$40M$803M—
Changes in related accounts payable and accrued liabilities$53M$17M—-$34M$91M$84M
Property, Plant and Equipment, Additions$632M$699M$741M$978M$1.1B$1B