The Williams Companies, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.62B | $2.23B | $3.18B | $2.05B | $1.52B | $211.0M | $850.0M | $-155.0M |
| Depreciation & Amortization | $2.35B | $2.22B | $2.07B | $2.01B | $1.84B | $1.72B | $1.71B | $1.73B |
| Depreciation | $2.00B | $1.80B | $1.70B | $1.50B | $1.50B | $1.39B | $1.39B | $1.39B |
| Amortization | — | — | — | — | — | $328.0M | $324.0M | $333.0M |
| Stock-Based Compensation | $93.0M | $99.0M | $77.0M | $73.0M | $81.0M | $52.0M | $57.0M | $55.0M |
| Net Cash from Operating Activities | $5.90B | $4.97B | $5.94B | $4.89B | $3.95B | $3.50B | $3.69B | $3.29B |
| Investing Activities | ||||||||
| Capital Expenditures | $4.89B | $2.57B | $2.52B | $2.25B | $1.24B | $1.24B | $2.11B | $3.26B |
| Business Acquisitions | $1.0M | $2.24B | $1.57B | $933.0M | $151.0M | $0 | $728.0M | $0 |
| Net Cash from Investing Activities | $-5.49B | $-4.86B | $-3.89B | $-3.38B | $-1.47B | $-1.56B | $-2.83B | $-2.73B |
| Financing Activities | ||||||||
| Dividends Paid | $2.44B | $2.32B | $2.18B | $2.07B | $1.99B | $1.94B | $1.84B | $1.39B |
| Stock Repurchases | $0 | $0 | $130.0M | $9.0M | $0 | — | — | — |
| Net Cash from Financing Activities | $-406.0M | $-2.20B | $-49.0M | $-3.04B | $-942.0M | $-2.09B | $-745.0M | $-1.30B |
| Net Change in Cash | $3.0M | $-2.09B | $2.00B | $-1.53B | $1.54B | $-147.0M | $121.0M | $-731.0M |
| Free Cash Flow | $1.01B | $2.40B | $3.42B | $2.64B | $2.71B | $2.26B | $1.58B | $37.0M |