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Income Statement
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WILLIAMS PARTNERS L.P. (WPZ)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10
   10-K10-K10-K10-K10-K10-K10-K/A10-K
Revenues:          
Service revenues  5,292.05,173.05,135.03,888.02,914.0   
Product sales  2,718.02,318.02,196.03,521.03,921.0   
    Total revenues  8,010.07,491.07,331.07,409.06,835.0608.4565.9459.2
            Total revenues growth  6.9%2.2%-1.1%8.4%1023.4%7.5%23.3% 
Costs and expenses:          
Product costs  2,300.01,728.01,779.0     
Operating and maintenance expenses  1,562.01,548.01,625.01,277.01,080.0197.6176.9133.3
Depreciation and amortization expenses  1,700.01,720.01,702.01,151.0791.0165.5136.288.6
Selling, general, and administrative expenses  610.0630.0684.0633.0519.067.640.432.0
Other (income) expense – net  79.0118.041.0-97.051.0-0.80.70.3
    Total costs and expenses  6,977.06,194.06,948.05,800.05,428.0627.6354.1254.2
    Operating income (loss)  1,033.01,297.0383.01,609.01,407.0178.5211.8205.0
            Operating margin  12.9%17.3%5.2%21.7%20.6%29.3%37.4%44.6%
Equity earnings (losses)  434.0397.0335.0228.0104.067.50.4 
Other investing income (loss) – net (Note 4)  281.029.02.02.01.0   
Interest incurred  -855.0-949.0-864.0-683.0-477.0   
   
Interest capitalized          
Other income (expense) – net  55.062.093.036.026.00.30.30.1
    Income (loss) before income taxes  981.0439.0-1,357.01,313.01,149.0181.6  
Provision (benefit) for income taxes  -6.080.0-1.0-29.0-30.0-3.2-3.3-2.4
    Net income (loss)  975.0519.0-1,358.01,284.01,119.0178.4194.3195.2
Less: Net income (loss) attributable to noncontrolling interests  104.088.091.096.03.0-0.1  
    Net income (loss) attributable to controlling interests  871.0431.0-1,449.01,188.01,116.0178.5194.3195.2
   
Allocation of net income (loss) for calculation of earnings per common unit:          
    Net income (loss) attributable to controlling interests  871.0431.0-1,449.01,188.01,116.0178.5194.3195.2
Allocation of net income (loss) to Class B units  15.012.0-46.0     
Allocation of net income (loss) to common units  856.0-98.0-1,855.0359.0611.0170.0189.3107.2
   
Basic earnings (loss) per common unit:          
Net income (loss) per common unit  $0.90($0.17)($3.27)$0.99$1.76   
   
Weighted-average number of common units outstanding (thousands)  947.2592.5567.3362.0346.3 0.00.0
   
Diluted earnings (loss) per common unit:          
Net income (loss) per common unit  $0.90($0.17)($3.27)$0.99$1.76   
Weighted-average number of common units outstanding (thousands)  947.5592.5567.3362.0346.3 0.00.0
Cash distributions per common unit  0.00.00.00.00.0   
   
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  867.0602.0-1,623.01,098.01,061.0   

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