WILLIAMS PARTNERS L.P. (WPZ) [Rocket]

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10
	10-K	10-K	10-K	10-K	10-K	10-K	10-K/A	10-K
Revenues:
West	4,259.0	3,708.0	3,619.0	1,596.0	1,826.0
Atlantic-Gulf	2,723.0	2,448.0	2,386.0	2,354.0	2,349.0
Northeast G&P	1,163.0	1,032.0	951.0	780.0	501.0
NGL & Petchem Services	372.0	828.0	732.0	3,112.0	3,267.0
Total revenues [+]	8,010.0	7,491.0	7,331.0	7,409.0	6,835.0	608.4	565.9	459.2
Products	2,718.0	2,318.0	2,196.0	3,521.0	3,921.0
Services	5,292.0	5,173.0	5,135.0	3,888.0	2,914.0
Revenue growth [+]	6.9%	2.2%	-1.1%	8.4%	1023.4%	7.5%	23.3%
West	14.9%	2.5%	126.8%	-12.6%
Atlantic-Gulf	11.2%	2.6%	1.4%	0.2%
Northeast G&P	12.7%	8.5%	21.9%	55.7%
NGL & Petchem Services	-55.1%	13.1%	-76.5%	-4.7%
Cost of goods sold [+]	3,862.0	3,276.0	3,404.0	1,277.0	1,080.0	197.6	176.9	133.3
Maintenance and operations costs	1,562.0	1,548.0	1,625.0
Oil & gas costs	2,300.0	1,728.0	1,779.0
Gross profit	4,148.0	4,215.0	3,927.0	6,132.0	5,755.0	410.8	389.1	325.9
Gross margin	51.8%	56.3%	53.6%	82.8%	84.2%	67.5%	68.8%	71.0%
Selling, general and administrative [+]	610.0	630.0	684.0	633.0	519.0	67.6	40.4	32.0
General and administrative						67.6	40.4	32.0
Equity in earnings	434.0	397.0	335.0	228.0	104.0	67.5	0.4
Other operating expenses	805.0	568.0	60.0	2,687.0	3,038.0	-0.8	0.7	0.3
EBITDA [+]	3,167.0	3,414.0	3,518.0	3,040.0	2,302.0	411.5	348.4	293.6
EBITDA growth	-7.2%	-3.0%	15.7%	32.1%	459.4%	18.1%	18.7%
EBITDA margin	39.5%	45.6%	48.0%	41.0%	33.7%	67.6%	61.6%	63.9%
Depreciation	1,353.0	1,364.0	1,349.0	944.0	731.0	154.2	136.2	88.6
EBITA	1,814.0	2,050.0	2,169.0	2,096.0	1,571.0	257.3	212.2	205.0
EBITA margin	22.6%	27.4%	29.6%	28.3%	23.0%	42.3%	37.5%	44.6%
Amortization of intangibles	347.0	356.0	353.0	207.0	60.0	11.3
EBIT [+]	1,467.0	1,694.0	1,816.0	1,889.0	1,511.0	246.0	212.2	205.0
EBIT growth	-13.4%	-6.7%	-3.9%	25.0%	514.2%	15.9%	3.5%
EBIT margin	18.3%	22.6%	24.8%	25.5%	22.1%	40.4%	37.5%	44.6%
Non-recurring items [+]			1,098.0	52.0
Asset impairment			1,098.0	52.0
Interest expense, net [+]	-281.0	-29.0	-2.0	-2.0	-1.0	64.7	14.9	7.4
Interest expense	822.0	916.0	811.0	562.0	387.0	64.7	14.9	7.4
Interest income	281.0	29.0	2.0	2.0	1.0
Other income (expense), net [+]	55.0	-368.0	-1,266.0	36.0	24.0	0.3	0.3	0.1
Impairment of equity method investments		-430.0	-1,359.0
Asset impairment charges	1,156.0	457.0	145.0
Gain (loss) on sale of business	-1,095.0
Other	55.0	62.0	93.0	36.0	26.0	0.3	0.3	0.1
Pre-tax income	981.0	439.0	-1,357.0	1,313.0	1,149.0	181.6	197.6	197.7
Income taxes	6.0	-80.0	1.0	29.0	30.0	3.2	3.3	2.4
Tax rate	0.6%			2.2%	2.6%	1.8%	1.7%	1.2%
Minority interest	104.0	88.0	91.0	96.0	3.0	-0.1
Net income	856.0	-98.0	-1,855.0	359.0	611.0	170.0	189.3	107.2
Net margin	10.7%	-1.3%	-25.3%	4.8%	8.9%	27.9%	33.4%	23.3%

Basic EPS [+]	$0.90	($0.17)	($3.27)	$0.99	$1.76		$106,056.30	$62,610.19
Growth	-646.4%	-94.9%	-429.7%	-43.8%			69.4%
Diluted EPS [+]	$0.90	($0.17)	($3.27)	$0.99	$1.76		$106,056.30	$60,074.31
Growth	-646.2%	-94.9%	-429.7%	-43.8%			76.5%

Dividends per share [+]							$112,573.20	$135,442.25
Growth							-16.9%

Shares outstanding (basic) [+]	947.2	592.5	567.3	362.0	346.3		0.0	0.0
Growth	59.9%	4.5%	56.7%	4.5%			4.2%
Shares outstanding (diluted) [+]	947.5	592.5	567.3	362.0	346.3		0.0	0.0
Growth	59.9%	4.5%	56.7%	4.5%			0.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.