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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.65B | 13.6% |
| Gross Profit | 2.48B | 14.3% |
| Cost of Revenue | 170M | 3.7% |
| Operating expense | 750M | 9.3% |
| Net Income | 706M | 76.1% |
| EBITDA | 1.16B | 13.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 53.8B | 2.7% |
| Total Liabilities | 41.4B | 3.2% |
| Total Equity | 12.4B | 1.1% |
| Shares Outstanding | 1.22B | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.24B | 2.8% |
| Cash from investing | -737M | 18.9% |
| Cash from financing | 201M | 115.8% |
EPS
Financial Highlights for Williams Cos in Q3 '24
Williams Cos reported a revenue of 2.65B, which is a 13.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.48B, marking a 14.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 170M, a 3.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 750M, showing a 9.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 706M, showing a 76.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.16B, showing a -13.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Williams Cos with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
