For the quarter ending 2025-09-30, WMB had -$833M decrease in cash & cash equivalents over the period. $485M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income (loss) | 683 | 583 | 729 | 517 |
| Depreciation, depletion, and amortization | 564 | 605 | 585 | 565 |
| Provision (benefit) for deferred income taxes | 256 | 79 | 107 | 39 |
| Equity (earnings) losses | 152 | 142 | 155 | 129 |
| Distributions from equity-method investees | 188 | 254 | 158 | 209 |
| Net unrealized (gain) loss from commodity derivative instruments | 51 | 36 | -32 | -157 |
| Gain on sale of business (note 3) | - | - | - | 0 |
| Gain on disposition of equity-method investments (note 3) | 0 | - | - | 0 |
| Gain on remeasurement of equity-method investments (note 3) | 0 | - | - | 0 |
| Inventory write-downs | 1 | 3 | 1 | 2 |
| Amortization of stock-based awards | 21 | 19 | 30 | 30 |
| Accounts receivable | -83 | -219 | -82 | 536 |
| Inventories | 5 | 89 | -28 | 3 |
| Other current assets and deferred charges | 7 | -4 | 40 | -25 |
| Accounts payable | -94 | -236 | -29 | 456 |
| Other current liabilities | -55 | 220 | -70 | 35 |
| Changes in current and noncurrent commodity derivative assets and liabilities | -58 | -15 | -4 | 212 |
| Other, including changes in noncurrent assets and liabilities | -51 | -48 | -29 | -45 |
| Net cash provided (used) by operating activities | 1,439 | 1,450 | 1,433 | 1,218 |
| Proceeds from (payments of) commercial paper net | 170 | -322 | -132 | 454 |
| Proceeds from long-term debt | 0 | 1,497 | 1,497 | 0 |
| Payments of long-term debt | 758 | 122 | 853 | 660 |
| Payments for debt issuance costs | 3 | 14 | 12 | 1 |
| Proceeds from issuance of common stock | 4 | 0 | 5 | 2 |
| Purchases of treasury stock | - | - | - | 0 |
| Common dividends paid | 611 | 611 | 610 | 579 |
| Dividends and distributions paid to noncontrolling interests | 66 | 62 | 69 | 64 |
| Contributions from noncontrolling interests | 3 | 14 | 5 | 0 |
| Othernet | -3 | -3 | -54 | -2 |
| Net cash provided (used) by financing activities | -1,264 | 377 | -223 | -850 |
| Capital expenditures | 954 | 972 | 1,012 | 768 |
| Dispositions net | 40 | 40 | 0 | 32 |
| Proceeds from sale of business (note 3) | - | - | - | 0 |
| Purchases of businesses, net of cash acquired (note 3) | 0 | 0 | 1 | 249 |
| Proceeds from dispositions of equity-method investments (note 3) | 0 | - | - | 0 |
| Purchases of and contributions to equity-method investments | 13 | 16 | 163 | 13 |
| Othernet | 1 | -4 | -6 | 8 |
| Net cash provided (used) by investing activities | -1,008 | -1,024 | -1,170 | -1,070 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, period increase (decrease), including exchange rate effect, total | -833 | 803 | 40 | -702 |
| Cash and cash equivalents at beginning of period | 903 | 100 | 60 | 762 |
| Cash and cash equivalents at end of period | 70 | 903 | 100 | 60 |
WILLIAMS COMPANIES, INC. (WMB)
WILLIAMS COMPANIES, INC. (WMB)