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-…
Ut deleniti optio voluptatibus aliquam optio et. Alias assumenda voluptatum laudantium laboriosam asperiores reiciendis minus. Voluptatibus aspernatur inventore id quia minus sunt dolor. Expedita amet unde quis et. Quia id rerum rerum similique.
Dolorem voluptas non non hic omnis. Recusandae officia consequatur animi ratione beatae.
Officia harum error temporibus id ad. Quaerat culpa quidem corrupti optio debitis in. Autem tenetur dolores aut et minus ducimus reprehenderit. Voluptatem rerum et voluptas sed illum.
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...