Summary
Williams Companies, Inc. (WMB) filed a Form 8-K on November 6, 2003, to report its financial results for the quarter ended September 30, 2003. The filing includes a press release and a reconciliation of non-GAAP financial measures to GAAP. Investors should note that this information is furnished under Items 9 and 12 and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act, meaning it is not subject to the liabilities of that section and is not incorporated by reference into other filings. The primary focus of this 8-K is the disclosure of the company's quarterly financial performance, including both GAAP and a "Recurring Earnings" metric. While the specific financial figures are detailed in the accompanying press release and reconciliation (Exhibits 99.1 and 99.2), the 8-K itself serves as the official notification of this information release to the public and the SEC. Investors should review the referenced exhibits for the detailed financial performance and the rationale behind the "Recurring Earnings" calculation.
Key Highlights
- 1Williams Companies, Inc. (WMB) released its financial results for the third quarter ended September 30, 2003.
- 2The 8-K filing includes a press release (Exhibit 99.1) containing these financial results.
- 3A reconciliation of non-GAAP financial measures to GAAP, specifically 'Income (Loss) from Continuing Operations to Recurring Earnings' (Exhibit 99.2), is provided.
- 4The company is providing an alternative view of its earnings performance through the 'Recurring Earnings' metric.
- 5The disclosed information is furnished under Regulation FD (Items 9 and 12) and is not considered 'filed' for Section 18 liability purposes.
- 6This filing is primarily a disclosure mechanism for previously released financial information, not an announcement of new material events.