WILLIAMS COMPANIES, INC. (WMB) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Other	651.0	345.0	34.0	30.0	34.0	404.0	847.0	121.0
Williams Partners								7,331.0
Other	17,122.0	12,439.0	7,619.0	8,110.0	8,570.0	7,627.0	6,652.0
Total revenues [+]	17,773.0	12,784.0	7,653.0	8,140.0	8,604.0	8,031.0	7,499.0	7,360.0
Products								2,196.0
Services								5,164.0
Revenue growth [+]	39.0%	67.0%	-6.0%	-5.4%	7.1%	7.1%	1.9%	-3.6%
Other	88.7%	914.7%	13.3%	-11.8%	-91.6%	-52.3%	600.0%	-53.3%
Williams Partners								-1.1%
Cost of goods sold [+]	1,817.0	1,548.0	1,326.0	1,468.0	1,507.0	1,576.0	1,592.0	3,434.0
Maintenance and operations costs								1,655.0
Oil & gas costs								1,779.0
Gross profit	15,956.0	11,236.0	6,327.0	6,672.0	7,097.0	6,455.0	5,907.0	3,926.0
Gross margin	89.8%	87.9%	82.7%	82.0%	82.5%	80.4%	78.8%	53.3%
Selling, general and administrative	636.0	558.0	466.0	558.0	569.0	594.0	722.0	741.0
Equity in earnings	637.0	608.0	328.0	375.0	396.0	434.0	397.0	335.0
Other operating expenses	10,293.0	6,205.0	1,751.0	2,479.0	4,727.0	3,198.0	2,733.0	123.0
EBITDA [+]	5,664.0	5,081.0	4,438.0	4,010.0	2,197.0	3,097.0	2,849.0	3,397.0
EBITDA growth	11.5%	14.5%	10.7%	82.5%	-29.1%	8.7%	-16.1%	15.5%
EBITDA margin	31.9%	39.7%	58.0%	49.3%	25.5%	38.6%	38.0%	46.2%
Depreciation and amortization	2,009.0	1,842.0	1,721.0	1,714.0	1,725.0	1,736.0	1,763.0	1,738.0
EBIT [+]	3,655.0	3,239.0	2,717.0	2,296.0	472.0	1,361.0	1,086.0	1,659.0
EBIT growth	12.8%	19.2%	18.3%	386.4%	-65.3%	25.3%	-34.5%	-6.0%
EBIT margin	20.6%	25.3%	35.5%	28.2%	5.5%	16.9%	14.5%	22.5%
Non-recurring items [+]			187.0		-692.0			1,098.0
Asset impairment			187.0					1,098.0
Loss (gain) on sale of assets					-692.0
Interest expense, net [+]	-16.0	-7.0	-8.0	-107.0	-219.0	-282.0	-63.0	-27.0
Interest expense	1,147.0	1,179.0	1,172.0	1,186.0	1,112.0	1,083.0	1,179.0	1,044.0
Interest income	16.0	7.0	8.0	107.0	219.0	282.0	63.0	27.0
Other income (expense), net [+]	18.0	6.0	-1,089.0	-153.0	60.0	-25.0	-345.0	-1,257.0
Impairment of equity method investments			-1,046.0	-186.0	-32.0		-430.0	-1,359.0
Other	18.0	6.0	-43.0	33.0	92.0	-25.0	85.0	102.0
Pre-tax income	2,542.0	2,073.0	277.0	1,064.0	331.0	535.0	-375.0	-1,713.0
Income taxes	425.0	511.0	79.0	335.0	138.0	-1,974.0	-25.0	-399.0
Tax rate	16.7%	24.7%	28.5%	31.5%	41.7%		6.7%	23.3%
Minority interest	68.0	45.0	-13.0	-136.0	348.0	335.0	74.0	-743.0
Earnings from continuing ops	2,046.0	1,514.0	208.0	862.0	-156.0	2,174.0	-424.0	-571.0
Earnings from discontinued ops				-15.0
Net income	2,046.0	1,514.0	208.0	847.0	-156.0	2,174.0	-424.0	-571.0
Net margin	11.5%	11.8%	2.7%	10.4%	-1.8%	27.1%	-5.7%	-7.8%

Basic EPS [+]	$1.68	$1.25	$0.17	$0.71	($0.16)	$2.63	($0.56)	($0.76)
Growth	34.8%	626.9%	-75.9%	-543.9%	-106.1%	-565.9%	-25.9%	-126.0%
Diluted EPS [+]	$1.67	$1.24	$0.17	$0.24	($0.16)	$0.88	($0.56)	($0.76)
Growth	34.6%	626.1%	-27.7%	-247.8%	-118.3%	-255.0%	-25.9%	-126.1%

Dividends per share [+]	$1.70	$1.64	$1.60	$1.52	$1.36	$1.20	$1.68	$2.45
Growth	3.7%	2.5%	5.3%	11.8%	13.3%	-28.6%	-31.4%	25.2%

Shares outstanding (basic) [+]	1,218.4	1,215.2	1,213.6	1,212.0	973.6	826.2	750.7	749.3
Growth	0.3%	0.1%	0.1%	24.5%	17.8%	10.1%	0.2%	4.2%
Shares outstanding (diluted) [+]	1,222.7	1,218.2	1,215.2	3,640.1	973.6	2,483.2	750.7	749.3
Growth	0.4%	0.3%	-66.6%	273.9%	-60.8%	230.8%	0.2%	3.5%

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