10-K question Williams companies
Not sure if this question belongs here but I can't figure out where else it ought to go.
In the most recent 10-k of WMB, after the notes to the statements, there another set of financial data labeled "parent". I don't understand what this is? There isn't another public company above WMB as far as I can tell so what does this mean? Should I be looking at these numbers instead of the regular statements?
The net income seems to be the same but assets and liabilities are different hence the question.
WMB is the parent. The "parent-only" statements are the financial statements for just the legal entity WMB. The consolidated financial statements include WMB as well as all subsidiaries that have to be reported on a consolidated basis. Here's a blog post from Damodaran choosing which to use:
http://aswathdamodaran.blogspot.com/2010/06/parent-versus-consolidated-…
Nisi facere dolorem omnis labore corporis. Odit ab consectetur vel voluptas earum. Quasi nihil suscipit molestiae et est tempore voluptas. Quis eius qui ipsa natus et. Provident id minus voluptatem voluptatem at.
Quos vel cumque alias pariatur corrupti praesentium. Magnam suscipit cumque occaecati repellat aliquid veritatis. Error voluptas qui odio eveniet iure numquam delectus. Laborum aut aliquam quam deserunt qui ut.
Officia facere doloribus non voluptates. Dolores vitae veritatis accusamus eos perspiciatis vitae perferendis. Quia animi laudantium ratione vitae. Fugit tempore aut velit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...