Summary
Williams Companies, Inc. (WMB) reported its unaudited financial results for the year ended 2000, showcasing a significant increase in income from continuing operations. The company announced income from continuing operations of $873.2 million, or $1.95 per diluted share, a substantial improvement from $178 million, or $0.40 per share (restated), in 1999. This strong performance in its core businesses highlights operational growth and potential strategic success during the period. When accounting for a loss from discontinued operations related to the planned sale of Williams Communications Solutions, the company reported net income of $524.3 million, or $1.17 per share, for 2000. This compares to a restated net income of $221.4 million, or $0.50 per share, in 1999. Investors should note the distinction between continuing and net income, as the former reflects ongoing business performance while the latter includes the impact of divestitures.
Key Highlights
- 1Williams Companies reported unaudited 2000 income from continuing operations of $873.2 million, a significant increase from $178 million in 1999.
- 2Diluted earnings per share from continuing operations for 2000 were $1.95, up from $0.40 (restated) in 1999.
- 3Net income for 2000 was $524.3 million, including a loss from discontinued operations.
- 4Net income per diluted share for 2000 was $1.17, compared to $0.50 (restated) in 1999.
- 5The results reflect the planned sale of Williams Communications Solutions, which impacted net income.
- 6The filing consists of a press release dated February 5, 2001, announcing these financial results.