What is the primary purpose of this 10-Q filing for Williams Companies, Inc.?

This 10-Q filing provides an update on Williams Companies, Inc.'s financial performance and position for the quarterly period ending March 31, 2005. It includes detailed financial statements and management's discussion of results, offering investors insights into the company's operational health and financial condition during the first quarter of the year.

Where can I find detailed financial performance data for the first quarter of 2005?

Detailed financial performance data can be found in the "Consolidated Statement of Operations - Three Months Ended March 31, 2005 and 2004" (Page 2), the "Consolidated Balance Sheet - March 31, 2005 and December 31, 2004" (Page 3), and the "Consolidated Statement of Cash Flows - Three Months Ended March 31, 2005 and 2004" (Page 4).

What is the significance of WMB being an 'accelerated filer'?

Being an accelerated filer means that Williams Companies, Inc. meets certain criteria (like having a public float of $75 million or more and being subject to SEC reporting for at least 12 months) that require it to file its quarterly (10-Q) and annual (10-K) reports more quickly after the end of the reporting period. This generally leads to more timely disclosure of financial information to investors.

What should investors look for in the 'Management’s Discussion and Analysis' section?

The 'Management’s Discussion and Analysis of Financial Condition and Results of Operations' (Item 2) is crucial for investors. It provides management's perspective on the company's financial results, liquidity, capital resources, and known trends, uncertainties, risks, and opportunities that could affect future performance. It helps investors understand the 'why' behind the numbers.

WMB 10-Q Quarterly Report Q1 FY2005 — Revenue, Net Income, EPS

Summary

The Williams Companies, Inc. (WMB) filed its 10-Q for the quarterly period ended March 31, 2005, reporting on its financial performance and condition. The filing provides a detailed look at the company's operations, including its consolidated statements of operations, balance sheet, and cash flows for the three months ended March 31, 2005, compared to the same period in 2004. Investors should pay close attention to the "Management’s Discussion and Analysis of Financial Condition and Results of Operations" section for insights into the company's strategies, risks, and future outlook. Key financial data and operational trends are presented, offering a snapshot of WMB's performance. The report indicates the number of outstanding common shares as of April 30, 2005, and confirms the company's status as an accelerated filer. While the full financial statements and detailed notes are available, this summary and the subsequent highlights aim to distill the most critical information for immediate investor comprehension.

Key Highlights

1The 10-Q filing covers the first quarter of 2005, detailing financial performance compared to the first quarter of 2004.
2Key financial statements, including Consolidated Statements of Operations, Balance Sheet, and Cash Flows, are provided for the period.
3The report confirms 570,829,536 shares of common stock were outstanding as of April 30, 2005.
4Williams Companies, Inc. is identified as an accelerated filer, subject to enhanced reporting requirements.
5The filing includes "Management’s Discussion and Analysis of Financial Condition and Results of Operations" as a critical section for understanding business trends and outlook.
6Information regarding "Legal Proceedings" is noted as being presented in Part II of the filing.

WILLIAMS COMPANIES, INC. Quarterly Report for Q1 Ended Mar 31, 2005

Summary

Key Highlights

Frequently Asked Questions