ONE Gas Inc. (OGS) Financial Statements (2024 and earlier)

Company Profile

Business Address 15 EAST FIFTH STREET
TULSA, OK 74103
State of Incorp. OK
Fiscal Year End December 31
Industry (SIC) 4924 - Natural Gas Distribution (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1098182114
Cash and cash equivalents1098182114
Receivables554342293260295299
Inventory, net of allowances, customer advances and progress billings26918094104107130
Inventory26918094104107130
Regulatory asset2761,61257475488
Other current assets302835212018
Other undisclosed current assets795553564440
Total current assets:1,2182,225540506543589
Noncurrent Assets
Operating lease, right-of-use asset23 3734
Intangible assets, net (including goodwill)482158158158158158
Goodwill158158158158158158
Intangible assets, net (excluding goodwill)324     
Regulated entity, other noncurrent assets331725367391437405
Other noncurrent assets11710497884647
Other undisclosed noncurrent assets5,6065,1914,8304,5314,2844,008
Total noncurrent assets:6,5596,1785,4895,2024,9254,618
TOTAL ASSETS:7,7768,4026,0295,7085,4695,207
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities439326216168271234
Interest and dividends payable   1919
Taxes payable6764484841
Accounts payable360259152120175144
Accrued liabilities78   3030
Debt573554418523300357
Regulatory liability488164548 
Other liabilities729079851821
Customer advances and deposits61
Other undisclosed current liabilities582685161 
Total current liabilities:1,189980797873699673
Noncurrent Liabilities
Long-term debt and lease obligation2,6623,6831,6131,3141,2851,193
Long-term debt, excluding current maturities2,6623,6831,5821,2861,2851,193
Liabilities, other than long-term debt1,3411,3897597371,4421,380
Deferred tax liabilities, net652600
Deferred income tax liabilities698695  
Liability, pension and other postretirement and postemployment benefits203598116179173
Regulatory liability529553548504521519
Other liabilities931051141189088
Operating lease, liability   3128
Total noncurrent liabilities:4,0035,0722,3722,0522,7272,573
Total liabilities:5,1926,0533,1692,9243,4263,247
Equity
Equity, attributable to parent2,5842,3502,2332,1292,0431,960
Common stock111111
Treasury stock, value     (2)(18)
Additional paid in capital1,9331,7901,7571,7331,7271,738
Accumulated other comprehensive loss(1)(7)(8)(7)(4)(5)
Retained earnings652565484403321246
Total equity:2,5842,3502,2332,1292,0431,960
Other undisclosed liabilities and equity   626655  
TOTAL LIABILITIES AND EQUITY:7,7768,4026,0295,7085,4695,207

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues 2,5781,8091,5301,6531,634 
Cost of revenue
(Cost of Goods and Services Sold)
(1,459)     
Other undisclosed gross profit      925
Gross profit:1,1191,8091,5301,6531,634925
Other undisclosed operating income (loss)(769)(1,498)(1,227)(1,357)(1,345)(626)
Operating income:350310304295288299
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(4)(3)(3)(3)(11)3
Interest and debt expense(78)(60)(63)(63)(51)(46)
Income from continuing operations before income taxes:268247238230226256
Income tax expense(47)(40)(42)(43)(54)(93)
Income from continuing operations:222206196187172163
Income before gain (loss) on sale of properties:206196187172163
Net income available to common stockholders, diluted:222206196187172163

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:222206196187172163
Other comprehensive income (loss)61(1)(1)1(1)
Comprehensive income, net of tax, attributable to parent:228208195185174162

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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