10-QPeriod: Q2 FY2008

WILLIAMS COMPANIES, INC. Quarterly Report for Q2 Ended Jun 30, 2008

Filed August 7, 2008For Securities:WMB

Summary

Williams Companies, Inc. (WMB) reported its financial results for the second quarter and first six months ended June 30, 2008. The company's performance during this period was influenced by various factors, including commodity prices, regulatory environments, and operational execution across its business segments. Investors should pay close attention to the company's revenue generation, cost management, and capital expenditures as indicators of future profitability and growth. The filing provides a detailed breakdown of the income statement, balance sheet, and cash flows, offering insights into the company's financial health and operational efficiency. Management's Discussion and Analysis (MD&A) offers critical context on the drivers of these results, including segment-specific performance and strategic initiatives. While the period presented specific challenges and opportunities, the report also details the company's risk factors and legal proceedings, which are essential for a comprehensive understanding of the company's operating landscape and potential headwinds. Investors are encouraged to review these sections to assess the overall investment profile of Williams Companies.

Financial Highlights

23 data points
Beta

Revenue

$3.66B

Net Income

$437.00M

11.9% Net Margin

EPS (Diluted)

$0.73

Cash & Equivalents

$1.94B

Free Cash Flow

$1.77B

Financial Statements
Beta
Revenue$3.66B
SG&A Expenses$131.00M
Operating Income$819.00M
Net Income$437.00M
EPS (Basic)$0.75
EPS (Diluted)$0.73
Shares Outstanding (Basic)583.40M
Shares Outstanding (Diluted)596.19M

Key Highlights

  • 1The 10-Q filing covers the three and six months ended June 30, 2008, providing a mid-year update on WMB's financial performance.
  • 2Key financial statements, including the Consolidated Statement of Income, Balance Sheet, and Cash Flows, are presented for investor analysis.
  • 3Management's Discussion and Analysis (MD&A) provides crucial commentary on the company's financial condition and operational results.
  • 4Quantitative and Qualitative Disclosures about Market Risk are included, offering insights into WMB's exposure to market fluctuations.
  • 5Information regarding Legal Proceedings and Risk Factors is detailed, highlighting potential challenges and uncertainties facing the company.
  • 6The report includes details on Controls and Procedures, important for assessing the reliability of financial reporting.

Frequently Asked Questions

The filing includes the Consolidated Statement of Income, detailing revenues, operating expenses, and net income for the three and six months ended June 30, 2008, compared to the prior year. Investors should examine these figures to understand the top-line growth and profitability trends.

The Consolidated Balance Sheet as of June 30, 2008, provides a snapshot of Williams Companies' assets, liabilities, and equity. This allows investors to assess the company's liquidity, leverage, and overall financial structure.

The Consolidated Statement of Cash Flows for the six months ended June 30, 2008, outlines the company's cash generation from operating activities, investing activities (such as capital expenditures), and financing activities. This is key to understanding how the company funds its operations and growth initiatives.

Items 1 (Legal Proceedings) and 1A (Risk Factors) in Part II of the filing detail significant ongoing legal matters and other potential risks, such as regulatory changes, market volatility, and operational challenges, that investors should be aware of when evaluating the company.