ONEOK Inc. (OKE) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 WEST 5TH ST
TULSA, OK 74103
State of Incorp. OK
Fiscal Year End December 31
Industry (SIC) 4923 - Natural Gas Transmission and 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 investments220146524211237
Cash and cash equivalents220146524211237
Receivables1,5321,4428308358191,203
Inventory, net of allowances, customer advances and progress billings432428228305297342
Inventory432428228305297342
Contract with customer, asset, after allowance for credit loss    1 
Other current assets1721661338210153
Other undisclosed current assets192193155226170129
Total current assets:2,5482,3741,8701,4701,3991,764
Noncurrent Assets
Property, plant and equipment19,95319,32019,15518,34914,76712,698
Long-term investments and receivables8027988058629691,003
Long-term investments8027988058629691,003
Intangible assets, net (including goodwill)753763774958967993
Goodwill528528528681681681
Intangible assets, net (excluding goodwill)225236246277286312
Other noncurrent assets324366475173130181
Other undisclosed noncurrent assets      206
Total noncurrent assets:21,83121,24721,20920,34216,83315,081
TOTAL ASSETS:24,37923,62223,07921,81218,23216,846
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5931,6661,0541,4011,2791,276
Interest and dividends payable236245191161135
Taxes payable9889   
Accounts payable1,3591,3327191,2101,1181,141
Accrued liabilities233     
Deferred revenue23352422
Debt925896212305081,047
Other liabilities26830083286211180
Due to related parties  8141514
Other undisclosed current liabilities2432881546995151
Total current liabilities:3,0523,1851,3452,0202,1082,667
Noncurrent Liabilities
Long-term debt and lease obligation12,69612,82314,22812,4808,8738,092
Long-term debt, excluding current maturities12,69612,74814,22812,4808,8738,092
Liabilities, other than long-term debt, including:2,1381,6741,4631,086670402
Deferred revenue  161835
Deferred tax liabilities, net22053
Deferred income tax liabilities1,739   
Other liabilities331432706526451349
Operating lease, liability6876  
Other undisclosed liabilities, other than long-term debt  1,226740525  
Total noncurrent liabilities:14,83414,49715,69213,5669,5448,493
Total liabilities:17,88517,68217,03615,58611,65211,161
Equity
Equity, attributable to parent6,4946,0156,0426,2266,5805,528
Common stock555444
Treasury stock, value(706)(732)(764)(808)(852)(877)
Additional paid in capital7,2537,2147,3537,4047,6156,589
Accumulated other comprehensive loss(108)(471)(551)(374)(188)(189)
Retained earnings50     
Equity, attributable to noncontrolling interest      157
Total equity:6,4946,0156,0426,2266,5805,685
Other undisclosed liabilities and equity  (76)    
TOTAL LIABILITIES AND EQUITY:24,37923,62223,07921,81218,23216,846

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
Revenues22,38716,5408,54210,16412,59312,174
Revenue, net12,59312,174
Cost of revenue(17,910)(12,257)(5,110)(6,788)(9,423)(9,538)
Cost of goods and services sold(1,150)(1,067)(886)(983)(907)(834)
Gross profit:4,4774,2843,4323,3763,1702,636
Operating expenses(1,150)(1,066)(885)(985)(906)(833)
Other operating income, net106     
Other undisclosed operating loss(626)(622)(1,186)(477)(429)(422)
Operating income:2,8072,5961,3611,9141,8351,381
Nonoperating income (expense)(30)(2)4874(6)(9)
Public utilities, allowance for funds used during construction, capitalized cost of equity 32246580
Other nonoperating income (expense)(32)(3)259(14)(10)
Interest and debt expense(676)(733)(713)(492)(470)(486)
Income from continuing operations before equity method investments, income taxes:2,1021,8626971,4961,360886
Income from equity method investments148123143155158159
Other undisclosed loss from continuing operations before income taxes   (38)  (4)
Income from continuing operations before income taxes:2,2501,9848021,6511,5181,041
Income tax expense(527)(484)(190)(372)(363)(447)
Income from continuing operations:1,7221,5006131,2791,155594
Income before gain (loss) on sale of properties:1,5006131,2791,155594
Net income:1,7221,5006131,2791,155594
Net loss attributable to noncontrolling interest     (3)(206)
Net income attributable to parent:1,7221,5006131,2791,152388
Preferred stock dividends and other adjustments(1)(1)(1)(1)(1)(1)
Net income available to common stockholders, diluted:1,7211,4996121,2771,151387

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:1,7221,5006131,2791,155594
Other comprehensive income (loss)36380(177)(186)3837
Comprehensive income:2,0851,5804351,0931,193631
Comprehensive loss, net of tax, attributable to noncontrolling interest     (3)(237)
Comprehensive income, net of tax, attributable to parent:2,0851,5804351,0931,190394

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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