Williams Companies Inc
NYSE:WMB

Watchlist Manager
Williams Companies Inc Logo
Williams Companies Inc
NYSE:WMB
Watchlist
Price: 62.81 USD -1.34% Market Closed
Market Cap: 76.7B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+15%
5Y
+64%
10Y
+79%
Investing Cash Flow
+
3Y
-48%
5Y
-173%
10Y
-11%
Financing Cash Flow
+
3Y
-54%
5Y
+1%
10Y
-

Cash Flow Statement
Williams Companies Inc

Rotate your device to view
Cash Flow Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
648
380
(332)
(685)
(618)
(756)
(263)
(67)
(58)
(18)
(147)
(150)
164
366
425
415
314
243
127
227
309
311
820
911
1 080
1 485
1 552
1 775
1 592
829
498
271
361
439
492
(928)
(922)
(392)
(317)
1 251
661
772
640
501
1 065
800
827
821
668
634
569
2 080
2 339
2 156
2 212
331
(1 314)
(1 340)
(2 028)
(1 724)
(350)
232
930
924
2 509
2 210
2 286
2 361
193
137
192
234
714
(70)
(79)
2
198
1 203
1 210
1 060
1 562
1 519
1 604
2 052
2 117
2 682
2 769
2 832
3 303
3 008
2 940
2 997
2 346
2 413
2 570
2 512
Depreciation & Amortization
527
531
498
530
649
638
658
660
657
650
656
659
669
686
696
719
740
759
791
822
866
917
975
1 030
1 082
1 136
1 185
1 243
1 310
1 375
1 416
1 444
1 469
1 463
1 470
1 483
1 507
1 527
1 564
1 608
1 614
1 401
1 179
957
756
798
806
817
815
819
844
1 006
1 176
1 389
1 603
1 666
1 738
1 756
1 774
1 777
1 763
1 760
1 747
1 745
1 736
1 725
1 726
1 718
1 725
1 710
1 700
1 710
1 714
1 727
1 733
1 724
1 721
1 730
1 763
1 824
1 842
1 902
1 945
1 958
2 009
2 017
2 026
2 047
2 071
2 113
2 138
2 183
2 219
2 256
2 321
2 319
Change in Deffered Taxes
320
252
(49)
(214)
(213)
(294)
20
62
12
39
(86)
(83)
123
237
292
29
(45)
(90)
(147)
147
169
168
452
485
370
450
368
422
611
420
264
198
249
316
317
(25)
(155)
(194)
(118)
112
(179)
(83)
(149)
(139)
206
223
350
390
424
225
194
1 165
1 264
1 388
1 341
263
(337)
(363)
(587)
(452)
(26)
0
207
147
(2 012)
(1 967)
(1 961)
(1 760)
220
222
260
137
376
124
135
160
108
429
429
369
509
480
337
378
431
599
768
835
951
820
782
832
506
461
434
481
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
44
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
48
0
0
0
52
61
70
79
36
36
38
37
37
39
40
45
53
65
76
82
82
80
70
72
73
73
83
79
78
71
64
60
55
55
55
56
57
52
51
52
52
63
67
73
81
82
78
79
73
69
77
74
77
84
85
87
99
105
100
100
Other Non-Cash Items
738
196
546
431
531
1 218
859
833
381
124
312
549
327
358
328
15
103
147
296
348
149
147
(329)
(309)
(150)
(301)
(12)
(85)
29
535
550
585
434
656
652
2 357
2 307
1 741
1 748
116
1 204
967
941
865
(160)
39
46
42
65
69
69
(2 450)
(2 435)
(2 423)
(2 412)
577
2 754
2 864
3 657
3 262
1 739
1 441
755
882
1 089
1 326
1 367
1 247
1 389
1 497
1 364
1 438
898
1 999
2 022
1 908
1 792
576
568
926
341
496
738
396
711
260
(40)
(175)
(475)
(73)
148
(12)
429
324
206
440
Cash Taxes Paid
87
0
0
0
36
0
0
0
(88)
0
0
0
8
0
0
0
230
0
0
0
79
0
0
0
384
0
0
0
155
0
0
0
14
0
0
0
40
0
0
0
296
0
0
0
198
0
0
0
0
0
0
0
29
0
0
0
136
0
0
0
5
0
0
0
28
0
0
0
11
0
0
0
86
0
0
0
40
0
0
0
45
0
0
0
13
0
0
0
31
0
0
0
68
0
0
0
Cash Interest Paid
548
0
0
0
856
0
0
0
1 300
0
0
0
849
0
0
0
625
0
0
0
611
0
0
0
634
0
0
0
592
0
0
0
592
0
0
0
614
0
0
0
599
0
0
0
539
0
0
0
472
0
0
0
681
0
0
0
1 023
0
0
0
1
0
0
0
1 110
0
0
0
1 064
0
0
0
1 153
0
0
0
1 149
0
0
0
1 137
0
0
0
1 117
0
0
0
1 152
0
0
0
1 293
0
0
0
Change in Working Capital
(501)
(416)
(779)
(420)
(864)
(420)
(406)
70
(223)
175
181
190
206
42
(75)
304
339
251
264
138
397
482
282
135
(145)
(39)
(75)
(189)
(187)
(85)
(5)
9
59
(197)
(196)
(132)
(86)
163
161
(25)
139
5
2
192
(32)
36
111
178
245
421
137
(182)
(229)
(172)
95
260
(133)
(95)
(122)
(159)
1 029
666
573
606
(233)
(238)
(270)
(377)
(234)
(192)
36
145
(9)
(75)
(32)
(421)
(323)
(314)
(432)
(259)
(309)
(285)
(471)
25
(379)
(237)
77
(195)
88
(210)
(448)
(431)
(526)
(281)
(187)
(212)
Cash from Operating Activities
1 732
N/A
943
-46%
(117)
N/A
(358)
-205%
(515)
-44%
386
N/A
869
+125%
1 558
+79%
770
-51%
970
+26%
916
-5%
1 164
+27%
1 488
+28%
1 690
+14%
1 666
-1%
1 482
-11%
1 450
-2%
1 310
-10%
1 330
+2%
1 682
+26%
1 890
+12%
2 024
+7%
2 201
+9%
2 252
+2%
2 237
-1%
2 731
+22%
3 019
+11%
3 166
+5%
3 355
+6%
3 074
-8%
2 723
-11%
2 507
-8%
2 572
+3%
2 677
+4%
2 735
+2%
2 755
+1%
2 651
-4%
2 845
+7%
3 038
+7%
3 062
+1%
3 439
+12%
3 062
-11%
2 613
-15%
2 376
-9%
1 835
-23%
1 896
+3%
2 140
+13%
2 248
+5%
2 217
-1%
2 168
-2%
1 813
-16%
1 619
-11%
2 115
+31%
2 338
+11%
2 839
+21%
3 097
+9%
2 708
-13%
2 822
+4%
2 694
-5%
2 704
+0%
4 155
+54%
4 099
-1%
4 212
+3%
4 304
+2%
3 089
-28%
3 056
-1%
3 148
+3%
3 189
+1%
3 293
+3%
3 374
+2%
3 552
+5%
3 664
+3%
3 693
+1%
3 705
+0%
3 779
+2%
3 373
-11%
3 496
+4%
3 624
+4%
3 538
-2%
3 920
+11%
3 945
+1%
4 112
+4%
4 153
+1%
4 809
+16%
4 889
+2%
5 321
+9%
5 600
+5%
5 344
-5%
5 938
+11%
5 658
-5%
5 560
-2%
5 569
+0%
4 974
-11%
5 173
+4%
5 344
+3%
5 540
+4%
Investing Cash Flow
Capital Expenditures
(1 450)
(1 529)
(1 541)
(1 237)
(1 662)
(1 511)
(1 312)
(1 182)
(956)
(849)
(835)
(760)
(787)
(883)
(975)
(1 135)
(1 299)
(1 544)
(1 785)
(2 172)
(2 509)
(2 550)
(2 733)
(2 850)
(2 868)
(2 938)
(3 202)
(3 359)
(3 394)
(3 299)
(2 910)
(2 632)
(2 387)
(2 313)
(2 250)
(2 630)
(2 788)
(2 904)
(2 942)
(2 549)
(2 796)
(2 599)
(2 624)
(2 615)
(2 529)
(2 913)
(3 137)
(3 419)
(3 572)
(3 652)
(3 881)
(3 973)
(4 031)
(4 070)
(3 846)
(3 513)
(3 167)
(2 848)
(2 582)
(2 319)
(2 051)
(2 051)
(2 052)
(2 201)
(2 440)
(2 885)
(3 260)
(3 374)
(3 263)
(2 731)
(2 307)
(2 339)
(2 149)
(2 032)
(1 844)
(1 380)
(1 275)
(1 227)
(1 336)
(1 264)
(1 247)
(1 283)
(1 174)
(1 756)
(2 283)
(2 538)
(2 842)
(2 695)
(2 567)
(2 559)
(2 541)
(2 567)
(2 678)
(3 146)
(3 552)
(3 818)
Other Items
(3 544)
(1 760)
(969)
1 366
2 766
3 173
4 624
3 055
2 452
2 229
1 276
1 504
1 417
1 116
709
150
480
317
144
358
188
79
387
310
572
869
820
581
211
(91)
57
96
77
189
70
(334)
(1 508)
(1 536)
(1 620)
(1 263)
(207)
(316)
(2 070)
(2 080)
(4 392)
(4 325)
(2 620)
(2 725)
(480)
(584)
(6 381)
(6 186)
(6 126)
(5 851)
(377)
(341)
(132)
(41)
539
1 327
1 160
1 263
1 139
2 372
2 540
2 430
2 459
(171)
538
(454)
(173)
253
(678)
134
(229)
(185)
(283)
(259)
(252)
(320)
(218)
(285)
(1 243)
(1 136)
(1 092)
(2 116)
(1 169)
(776)
(1 324)
(2 129)
(2 118)
(2 486)
(2 185)
(451)
(449)
(454)
Cash from Investing Activities
(4 994)
N/A
(3 289)
+34%
(2 510)
+24%
128
N/A
1 104
+760%
1 662
+51%
3 312
+99%
1 874
-43%
1 496
-20%
1 380
-8%
441
-68%
744
+69%
629
-15%
234
-63%
(266)
N/A
(985)
-271%
(819)
+17%
(1 227)
-50%
(1 642)
-34%
(1 814)
-10%
(2 321)
-28%
(2 471)
-6%
(2 347)
+5%
(2 541)
-8%
(2 296)
+10%
(2 069)
+10%
(2 382)
-15%
(2 778)
-17%
(3 183)
-15%
(3 390)
-7%
(2 853)
+16%
(2 536)
+11%
(2 310)
+9%
(2 124)
+8%
(2 180)
-3%
(2 964)
-36%
(4 296)
-45%
(4 440)
-3%
(4 562)
-3%
(3 812)
+16%
(3 003)
+21%
(2 915)
+3%
(4 694)
-61%
(4 695)
0%
(6 921)
-47%
(7 238)
-5%
(5 757)
+20%
(6 144)
-7%
(4 052)
+34%
(4 236)
-5%
(10 262)
-142%
(10 159)
+1%
(10 157)
+0%
(9 921)
+2%
(4 223)
+57%
(3 854)
+9%
(3 299)
+14%
(2 889)
+12%
(2 043)
+29%
(992)
+51%
(891)
+10%
(788)
+12%
(913)
-16%
171
N/A
100
-42%
(455)
N/A
(801)
-76%
(3 545)
-343%
(2 725)
+23%
(3 185)
-17%
(2 480)
+22%
(2 086)
+16%
(2 827)
-36%
(1 898)
+33%
(2 073)
-9%
(1 565)
+25%
(1 558)
+0%
(1 486)
+5%
(1 588)
-7%
(1 584)
+0%
(1 465)
+8%
(1 568)
-7%
(2 417)
-54%
(2 892)
-20%
(3 375)
-17%
(4 654)
-38%
(4 011)
+14%
(3 471)
+13%
(3 891)
-12%
(4 688)
-20%
(4 659)
+1%
(5 053)
-8%
(4 863)
+4%
(3 597)
+26%
(4 001)
-11%
(4 272)
-7%
Financing Cash Flow
Net Issuance of Common Stock
1 195
312
291
131
142
(144)
(417)
(273)
(274)
(269)
13
16
21
304
305
309
310
32
28
28
34
38
48
(184)
(470)
(577)
(835)
(747)
(442)
(349)
(106)
32
6
0
0
0
12
0
0
0
49
75
977
984
2 550
2 531
1 631
1 629
18
25
3 417
3 418
3 416
3 412
29
29
27
23
12
8
9
2 125
2 128
2 131
2 131
19
17
16
15
11
10
10
10
10
10
9
9
6
6
6
9
43
54
56
54
(54)
(120)
(121)
(124)
(48)
7
6
10
10
10
11
Net Issuance of Debt
914
3 883
1 719
972
(165)
(1 844)
(700)
(849)
(1 171)
(1 694)
(3 357)
(4 036)
(3 210)
(2 670)
(1 156)
(331)
(188)
(83)
(86)
(94)
497
491
499
498
(70)
(14)
52
65
9
578
480
482
511
327
229
249
824
485
803
845
1 117
1 092
1 237
1 637
2 018
1 918
2 032
1 216
842
2 238
5 217
6 157
6 065
5 602
3 096
2 805
2 950
2 474
2 108
1 144
(972)
(2 927)
(2 030)
(3 770)
(2 685)
(74)
(2 107)
1 235
720
590
150
(817)
(146)
(820)
676
128
58
766
275
(33)
1 261
(884)
(596)
983
(776)
1 620
1 331
1 872
2 493
1 714
1 087
697
379
527
2 213
771
Cash Paid for Dividends
(341)
(372)
(402)
(322)
(231)
(139)
(67)
(60)
(53)
(47)
(21)
(21)
(43)
(67)
(90)
(128)
(143)
(159)
(184)
(195)
(207)
(216)
(223)
(229)
(233)
(238)
(242)
(245)
(250)
(255)
(255)
(256)
(256)
(256)
(265)
(274)
(284)
(293)
(338)
(383)
(457)
(538)
(608)
(686)
(742)
(819)
(872)
(926)
(982)
(1 027)
(1 077)
(1 246)
(1 412)
(1 570)
(1 721)
(1 782)
(1 836)
(1 882)
(1 921)
(1 591)
(1 261)
(1 029)
(796)
(894)
(992)
(1 025)
(1 059)
(1 222)
(1 386)
(1 565)
(1 744)
(1 794)
(1 842)
(1 867)
(1 892)
(1 916)
(1 941)
(1 954)
(1 966)
(1 979)
(1 992)
(2 012)
(2 031)
(2 051)
(2 071)
(2 099)
(2 127)
(2 153)
(2 179)
(2 212)
(2 246)
(2 281)
(2 316)
(2 347)
(2 379)
(2 411)
Other
1 585
(108)
778
327
100
(123)
(540)
(112)
(186)
157
(192)
(320)
(273)
(279)
(193)
36
58
32
237
107
778
830
580
584
262
596
585
608
251
(112)
(73)
(113)
(95)
(772)
(777)
(397)
21
670
612
257
(1 051)
(599)
(12)
384
1 210
1 314
971
1 713
1 799
1 194
928
(219)
(468)
(584)
(676)
(472)
(690)
(725)
(905)
(1 321)
(970)
(1 005)
(832)
(847)
(914)
(868)
(841)
(803)
(648)
(474)
1 043
1 228
1 233
1 227
(173)
(206)
(211)
(230)
(197)
(186)
(220)
(213)
(231)
(260)
(249)
(261)
(255)
(256)
(239)
(234)
(245)
(250)
(274)
(333)
(339)
(331)
Cash from Financing Activities
3 352
N/A
3 715
+11%
2 386
-36%
1 108
-54%
(154)
N/A
(2 250)
-1 361%
(1 724)
+23%
(1 294)
+25%
(1 684)
-30%
(1 853)
-10%
(3 557)
-92%
(4 362)
-23%
(3 506)
+20%
(2 712)
+23%
(1 134)
+58%
(113)
+90%
37
N/A
(178)
N/A
(5)
+97%
(154)
-2 863%
1 103
N/A
1 143
+4%
905
-21%
669
-26%
(511)
N/A
(233)
+54%
(439)
-88%
(319)
+27%
(432)
-35%
(138)
+68%
46
N/A
145
+215%
166
+14%
(695)
N/A
(807)
-16%
(416)
+48%
573
N/A
874
+53%
1 089
+25%
731
-33%
(342)
N/A
30
N/A
1 594
+5 213%
2 319
+45%
5 036
+117%
4 944
-2%
3 762
-24%
3 632
-3%
1 677
-54%
2 430
+45%
8 485
+249%
8 110
-4%
7 601
-6%
6 860
-10%
728
-89%
580
-20%
451
-22%
(110)
N/A
(706)
-542%
(1 760)
-149%
(3 194)
-81%
(2 836)
+11%
(1 530)
+46%
(3 380)
-121%
(2 460)
+27%
(1 948)
+21%
(3 990)
-105%
(774)
+81%
(1 299)
-68%
(1 438)
-11%
(541)
+62%
(1 373)
-154%
(745)
+46%
(1 450)
-95%
(1 379)
+5%
(1 985)
-44%
(2 085)
-5%
(1 412)
+32%
(1 882)
-33%
(2 192)
-16%
(942)
+57%
(3 066)
-225%
(2 804)
+9%
(1 272)
+55%
(3 042)
-139%
(794)
+74%
(1 171)
-47%
(658)
+44%
(49)
+93%
(780)
-1 492%
(1 397)
-79%
(1 828)
-31%
(2 201)
-20%
(2 143)
+3%
(495)
+77%
(1 960)
-296%
Change in Cash
Net Change in Cash
90
N/A
1 369
+1 414%
(241)
N/A
879
N/A
435
-51%
(201)
N/A
2 456
N/A
2 138
-13%
582
-73%
497
-15%
(2 199)
N/A
(2 454)
-12%
(1 388)
+43%
(789)
+43%
267
N/A
384
+44%
667
+74%
(95)
N/A
(317)
-233%
(286)
+10%
671
N/A
696
+4%
759
+9%
380
-50%
(570)
N/A
429
N/A
198
-54%
69
-65%
(260)
N/A
(454)
-75%
(84)
+81%
116
N/A
428
+269%
(142)
N/A
(252)
-77%
(625)
-148%
(1 072)
-72%
(721)
+33%
(435)
+40%
(19)
+96%
94
N/A
177
+88%
(487)
N/A
0
N/A
(50)
N/A
(398)
-696%
145
N/A
(264)
N/A
(158)
+40%
362
N/A
36
-90%
(430)
N/A
(441)
-3%
(723)
-64%
(656)
+9%
(177)
+73%
(140)
+21%
(177)
-26%
(55)
+69%
(48)
+13%
70
N/A
475
+579%
1 769
+272%
1 095
-38%
729
-33%
653
-10%
(1 643)
N/A
(1 130)
+31%
(731)
+35%
(1 249)
-71%
531
N/A
205
-61%
121
-41%
357
+195%
327
-8%
(177)
N/A
(147)
+17%
726
N/A
68
-91%
144
+112%
1 538
+968%
(522)
N/A
(1 068)
-105%
645
N/A
(1 528)
N/A
(127)
+92%
418
N/A
1 215
+191%
1 998
+64%
190
-90%
(496)
N/A
(1 312)
-165%
(2 090)
-59%
(567)
+73%
848
N/A
(692)
N/A
Free Cash Flow
Free Cash Flow
282
N/A
(586)
N/A
(1 658)
-183%
(1 595)
+4%
(2 177)
-37%
(1 125)
+48%
(444)
+61%
377
N/A
(186)
N/A
121
N/A
81
-33%
403
+397%
701
+74%
807
+15%
691
-14%
347
-50%
151
-57%
(234)
N/A
(455)
-94%
(490)
-8%
(620)
-26%
(526)
+15%
(533)
-1%
(598)
-12%
(631)
-6%
(207)
+67%
(184)
+11%
(193)
-5%
(39)
+80%
(225)
-477%
(187)
+17%
(125)
+33%
185
N/A
364
+97%
485
+33%
125
-74%
(137)
N/A
(59)
+57%
96
N/A
513
+434%
643
+25%
463
-28%
(11)
N/A
(239)
-2 073%
(694)
-190%
(1 017)
-47%
(997)
+2%
(1 171)
-17%
(1 355)
-16%
(1 484)
-10%
(2 068)
-39%
(2 354)
-14%
(1 916)
+19%
(1 732)
+10%
(1 007)
+42%
(416)
+59%
(459)
-10%
(26)
+94%
112
N/A
385
+244%
2 104
+446%
2 048
-3%
2 160
+5%
2 103
-3%
649
-69%
171
-74%
(112)
N/A
(185)
-65%
30
N/A
643
+2 043%
1 245
+94%
1 325
+6%
1 544
+17%
1 673
+8%
1 935
+16%
1 993
+3%
2 221
+11%
2 397
+8%
2 202
-8%
2 656
+21%
2 698
+2%
2 829
+5%
2 979
+5%
3 053
+2%
2 606
-15%
2 783
+7%
2 758
-1%
2 649
-4%
3 371
+27%
3 099
-8%
3 019
-3%
3 002
-1%
2 296
-24%
2 027
-12%
1 792
-12%
1 722
-4%

See Also

Summary
WMB intrinsic value, competitors valuation, and company profile.
DCF Valuation
WMB stock valuation using Discount Cash Flow valuation method.
Relative Valuation
WMB stock valuation using valuation multiples.
Wall Street Estimates
WMB price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
WMB stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 301,200+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.