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WILLIAMS PARTNERS L.P. (WPZ)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-18Mar-31-18Jun-30-17Mar-31-17Dec-31-16Sep-30-16Jun-30-16Mar-31-16
   10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q
Revenues:          
Service revenues  1,335.01,346.01,277.01,256.01,485.01,252.01,210.01,226.0
Service revenues – commodity consideration (Note 2)  94.0101.0      
Product sales  657.0636.0642.0727.0705.0655.0530.0428.0
    Total revenues  2,086.02,083.01,919.01,983.02,190.01,907.01,740.01,654.0
            Total revenues growth  8.7%5.0%10.3%19.9%9.6%6.4%-4.9%-3.3%
Costs and expenses:          
Product costs  636.0613.0537.0579.0    
Processing commodity expenses (Note 2)  26.035.0      
Operating and maintenance expenses  383.0351.0384.0361.0395.0385.0386.0382.0
Depreciation and amortization expenses  426.0423.0423.0433.0427.0426.0432.0435.0
Selling, general, and administrative expenses  136.0138.0154.0156.0163.0147.0139.0181.0
Other (income) expense – net  -1.031.09.04.011.059.024.030.0
    Total costs and expenses  1,606.01,591.01,507.01,533.01,588.01,481.01,780.01,345.0
    Operating income (loss)  480.0492.0412.0450.0602.0426.0-40.0309.0
            Operating margin  23.0%23.6%21.5%22.7%27.5%22.3%-2.3%18.7%
Equity earnings (losses)  92.082.0125.0-107.095.0104.0101.097.0
Other investing income (loss) – net (Note 4)  67.04.02.0271.0 28.01.0 
Interest incurred  -224.0-218.0-214.0-221.0-234.0-236.0-239.0-240.0
   
Interest capitalized          
Other income (expense) – net  21.015.015.049.019.016.012.015.0
    Income (loss) before income taxes  449.0384.0349.0663.0171.0345.0-157.080.0
Provision (benefit) for income taxes    -1.0-3.0-5.06.080.0-1.0
    Net income (loss)  449.0384.0348.0660.0166.0351.0-77.079.0
Less: Net income (loss) attributable to noncontrolling interests  23.024.028.026.021.025.013.029.0
    Net income (loss) attributable to controlling interests  426.0360.0320.0634.0145.0326.0-90.050.0
   
Allocation of net income (loss) for calculation of earnings per common unit:          
    Net income (loss) attributable to controlling interests  426.0360.0320.0634.0145.0326.0-90.050.0
Allocation of net income (loss) to Class B units  8.07.06.011.018.07.0-8.0-4.0
Allocation of net income (loss) to common units  418.0353.0314.0623.091.0247.0-289.0-148.0
   
Basic earnings (loss) per common unit:          
Net income (loss) per common unit  $0.44$0.37$0.33$0.68$0.15$0.42($0.49)($0.25)
   
Weighted-average number of common units outstanding (thousands)  957.9957.3955.6919.9592.5591.3588.6588.6
   
Diluted earnings (loss) per common unit:          
Net income (loss) per common unit  $0.44$0.37$0.33$0.68$0.15$0.42($0.49)($0.25)
Weighted-average number of common units outstanding (thousands)  958.0957.3956.0920.3592.5591.6588.6588.6
Cash distributions per common unit  0.00.00.00.00.00.00.00.0
   
Other comprehensive income (loss):          
Net unrealized gain (loss) from derivative instruments          
Reclassifications into earnings of net derivative instruments (gain) loss          
    Other comprehensive income (loss)          
Comprehensive income (loss)          
Less: Comprehensive income attributable to noncontrolling interests          
    Comprehensive income (loss) attributable to controlling interests  411.0362.0319.0637.0145.0420.0-85.0122.0

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