| Balance Sheet for Williams Companies Inc. (WMB) | | | | | | | Assets | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 1,699 | 2,360 | 1,597 | 930 | 2,316 | | Marketable Securities | N/A | N/A | N/A | N/A | N/A | | Receivables | 1,192 | 1,213 | 1,614 | 1,423 | 1,638 | | Inventories | 209 | 241 | 273 | 261 | 246 | | Other Current Assets | 2,438 | 2,508 | 6,214 | 3,430 | 4,595 | | Total Current Assets | 5,538 | 6,322 | 9,697 | 6,044 | 8,795 | | | Gross Fixed Assets | 22,787 | 19,992 | 17,572 | 16,453 | 16,106 | | Accumulated Depreciation | (6,806) | (5,811) | (5,163) | (4,566) | (4,026) | | Net Fixed Assets | 15,981 | 14,181 | 12,409 | 11,887 | 12,079 | | Intangibles | 1,011 | 1,011 | 1,014 | 1,014 | 1,014 | | Other Non-Current Assets | 2,531 | 3,888 | 6,322 | 5,048 | 5,133 | | Total Non-Current Assets | 19,523 | 19,080 | 19,745 | 17,949 | 18,227 | | Total Assets | 25,061 | 25,402 | 29,443 | 23,993 | 27,022 | | | Liabilities | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 1,131 | 1,148 | 1,361 | 1,043 | 1,238 | | Short Term Debt | 143 | 392 | 123 | 250 | 940 | | Other Current Liabilities | 3,157 | 3,153 | 6,967 | 3,853 | 4,092 | | Total Current Liabilities | 4,431 | 4,694 | 8,450 | 5,146 | 6,270 | | | Long Term Debt | 7,757 | 7,622 | 7,590 | 7,712 | 11,040 | | Deferred Income Tax | 2,996 | 2,880 | 2,509 | 2,470 | 2,453 | | Other Non-Current Liabilities | 2,072 | 3,053 | 5,251 | 3,610 | 3,072 | | Minority Interest | 1,430 | 1,081 | 214 | 100 | 84 | | Total Non-Current Liabilities | 14,255 | 14,636 | 15,565 | 13,891 | 16,650 | | Total Liabilities | 18,686 | 19,329 | 24,015 | 19,037 | 22,920 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 6,375 | 6,073 | 5,428 | 4,956 | 4,102 | | Total Equity | 6,375 | 6,073 | 5,428 | 4,956 | 4,102 | | Total Liabilities & Stock Equity | 25,061 | 25,402 | 29,443 | 23,993 | 27,022 | | | |