ONEOK Inc., adjusted total assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	24,379,094)	23,621,613)	23,078,754)	21,812,121)	18,231,671)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	18,502)
After Adjustment
Adjusted total assets	24,379,094)	23,621,613)	23,078,754)	21,812,121)	18,250,173)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

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ONEOK Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	17,885,209)	17,606,450)	17,036,356)	15,586,170)	11,652,128)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	18,502)
Less: Deferred tax liabilities²	1,738,525)	1,166,690)	669,697)	536,063)	219,731)
After Adjustment
Adjusted total liabilities	16,146,684)	16,439,760)	16,366,659)	15,050,107)	11,450,899)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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ONEOK Inc., adjusted total ONEOK shareholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total ONEOK shareholders’ equity	6,493,885)	6,015,163)	6,042,398)	6,225,951)	6,579,543)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(1,738,525)	(1,166,690)	(669,697)	(536,063)	(219,731)
After Adjustment
Adjusted total ONEOK shareholders’ equity	8,232,410)	7,181,853)	6,712,095)	6,762,014)	6,799,274)

¹ Net deferred tax assets (liabilities). See details »

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ONEOK Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current maturities of long-term debt	925,000)	895,814)	7,650)	7,650)	507,650)
Short-term borrowings	—)	—)	—)	220,000)	—)
Current finance lease liability	2,954)	2,584)	2,153)	1,949)	1,765)
Long-term debt, excluding current maturities	12,695,834)	12,747,636)	14,228,421)	12,479,757)	8,873,334)
Noncurrent finance lease liability	19,299)	21,082)	22,143)	24,296)	26,244)
Total reported debt	13,643,087)	13,667,116)	14,260,367)	12,733,652)	9,408,993)
Total ONEOK shareholders’ equity	6,493,885)	6,015,163)	6,042,398)	6,225,951)	6,579,543)
Total reported capital	20,136,972)	19,682,279)	20,302,765)	18,959,603)	15,988,536)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	18,502)
Add: Current operating lease liability²	12,289)	13,783)	13,610)	1,883)	—)
Add: Noncurrent operating lease liability³	68,110)	75,636)	87,610)	13,509)	—)
Adjusted total debt	13,723,486)	13,756,535)	14,361,587)	12,749,044)	9,427,495)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(1,738,525)	(1,166,690)	(669,697)	(536,063)	(219,731)
Adjusted total ONEOK shareholders’ equity	8,232,410)	7,181,853)	6,712,095)	6,762,014)	6,799,274)
After Adjustment
Adjusted total capital	21,955,896)	20,938,388)	21,073,682)	19,511,058)	16,226,769)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liability. See details »

³ Noncurrent operating lease liability. See details »

⁴ Net deferred tax assets (liabilities). See details »

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ONEOK Inc., adjusted net income attributable to ONEOK

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net income attributable to ONEOK	1,722,221)	1,499,706)	612,809)	1,278,577)	1,151,703)
Adjustments
Add: Deferred income tax expense (benefit)¹	463,419)	472,057)	186,730)	372,729)	361,010)
Add: Other comprehensive income (loss), net of tax	363,095)	80,098)	(177,449)	(185,761)	38,392)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	—)	—)	—)	—)	3,329)
After Adjustment
Adjusted net income	2,548,735)	2,051,861)	622,090)	1,465,545)	1,554,434)

¹ Deferred income tax expense (benefit). See details »

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ONEOK Inc. (NYSE:OKE)

Adjustments to Financial Statements