For the quarter ending 2026-03-31, WMB had $887M increase in cash & cash equivalents over the period. $244M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 912 | 773 | 683 | 583 |
| Depreciation, depletion, and amortization | 584 | 593 | 564 | 605 |
| Provision (benefit) for deferred income taxes | 235 | 302 | 256 | 79 |
| Equity (earnings) losses | 161 | 311 | 152 | 142 |
| Distributions from equity-method investees | 223 | 200 | 188 | 254 |
| Other asset impairment charges | - | 212 | - | - |
| Gain on sale of certain assets (note 3) | 182 | - | - | - |
| Net unrealized (gain) loss from commodity derivative instruments | -225 | 95 | 51 | 36 |
| Gain on sale of business (note 3) | - | 0 | - | - |
| Gain on disposition of equity-method investments (note 8) | - | 0 | 0 | - |
| Gain on remeasurement of equity-method investments (note 3) | - | 0 | 0 | - |
| Inventory write-downs | 2 | 3 | 1 | 3 |
| Amortization of stock-based awards | 22 | 23 | 21 | 19 |
| Accounts receivable | -425 | 603 | -83 | -219 |
| Inventories | -50 | -21 | 5 | 89 |
| Other current assets and deferred charges | 9 | 28 | 7 | -4 |
| Accounts payable | -194 | 474 | -94 | -236 |
| Other current liabilities | -317 | 75 | -55 | 220 |
| Changes in current and noncurrent commodity derivative assets and liabilities | 138 | -22 | -58 | -15 |
| Other, including changes in noncurrent assets and liabilities | -74 | -85 | -51 | -48 |
| Net cash provided (used) by operating activities | 1,603 | 1,576 | 1,439 | 1,450 |
| Proceeds from (payments of) commercial paper net | -699 | 529 | 170 | -322 |
| Proceeds from long-term debt | 2,768 | 1,946 | 0 | 1,497 |
| Payments of long-term debt | 1,109 | 1,094 | 758 | 122 |
| Payments for debt issuance costs | 24 | 16 | 3 | 14 |
| Proceeds from issuance of common stock | 8 | 0 | 4 | 0 |
| Purchases of treasury stock | - | 0 | - | - |
| Common dividends paid | 642 | 610 | 611 | 611 |
| Dividends and distributions paid to noncontrolling interests | 67 | 62 | 66 | 62 |
| Contributions from noncontrolling interests | 0 | 14 | 3 | 14 |
| Othernet | -67 | -3 | -3 | -3 |
| Net cash provided (used) by financing activities | 168 | 704 | -1,264 | 377 |
| Capital expenditures | 1,359 | 1,955 | 954 | 972 |
| Dispositions net (note 3) | -369 | 26 | 40 | 40 |
| Proceeds from sale of business (note 8) | 48 | 0 | - | - |
| Purchases of businesses, net of cash acquired (note 3) | - | 0 | 0 | 0 |
| Proceeds from dispositions of equity-method investments (note 8) | - | 0 | 0 | - |
| Purchases of and contributions to equity-method investments | 29 | 319 | 13 | 16 |
| Othernet | -87 | -13 | 1 | -4 |
| Net cash provided (used) by investing activities | -884 | -2,287 | -1,008 | -1,024 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, period increase (decrease), including exchange rate effect, total | 887 | -7 | -833 | 803 |
| Cash and cash equivalents at beginning of year | 63 | 70 | 903 | 100 |
| Cash and cash equivalents at end of period | 950 | 63 | 70 | 903 |
WILLIAMS COMPANIES, INC. (WMB)
WILLIAMS COMPANIES, INC. (WMB)