Stock Analysis on Net

ONEOK Inc. (NYSE:OKE)

This company has been moved to the archive! The financial data has not been updated since August 8, 2023.

Income Statement 
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

ONEOK Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Commodity sales 3,371 4,156 4,656 5,564 5,651 5,105 5,065 4,205 3,075 2,836 2,251 1,852 1,344 1,809 2,348 1,948 2,147 2,473 2,817 3,084 2,675 2,820
Services 361 365 376 350 346 339 356 331 314 359 320 322 317 328 315 315 311 307 320 310 285 282
Revenues 3,732 4,521 5,032 5,914 5,997 5,445 5,420 4,536 3,389 3,195 2,571 2,174 1,661 2,137 2,664 2,263 2,458 2,780 3,137 3,394 2,961 3,102
Cost of sales and fuel (2,482) (3,347) (3,893) (4,773) (4,878) (4,366) (4,319) (3,449) (2,367) (2,122) (1,627) (1,266) (940) (1,277) (1,791) (1,415) (1,626) (1,956) (2,318) (2,561) (2,176) (2,368)
Net margin 1,250 1,174 1,139 1,141 1,119 1,079 1,101 1,087 1,022 1,073 943 909 720 860 872 849 832 824 819 833 785 734
Operations and maintenance (296) (239) (275) (238) (231) (214) (256) (225) (212) (207) (222) (174) (190) (175) (231) (218) (207) (207) (214) (206) (202) (181)
Depreciation and amortization (170) (162) (157) (157) (158) (154) (153) (155) (157) (157) (153) (153) (140) (132) (126) (121) (115) (114) (111) (107) (106) (104)
Impairment charges (3) (604)
General taxes (47) (57) (47) (48) (47) (50) (41) (40) (42) (44) (27) (31) (34) (32) (28) (27) (31) (33) (23) (24) (28) (29)
Other operating income (expense), net 781 98 2 5 2 1 1 (3)
Operating income (loss) 737 1,497 757 699 689 662 652 668 612 665 539 550 356 (83) 487 482 476 469 472 496 448 420
Equity in net earnings from investments 43 40 37 39 36 36 35 29 26 33 35 38 25 45 39 38 34 43 42 39 37 40
Impairment of equity investments (38)
Allowance for equity funds used during construction 1 1 1 1 1 3 4 15 20 16 17 12 5 2 1
Other income (expense), net 13 8 (1) (8) (9) (14) 1 1 (5) 5 4 12 5 1 1 1 6 (11) 2 (3) (3)
Interest expense, net of capitalized interest (180) (166) (166) (167) (171) (172) (178) (184) (185) (186) (177) (176) (219) (141) (129) (130) (117) (115) (118) (122) (113) (116)
Income (loss) before income taxes 613 1,379 627 564 545 514 510 514 452 508 403 419 177 (197) 418 407 411 415 390 417 370 342
Income taxes (145) (330) (142) (132) (131) (122) (130) (122) (110) (122) (95) (107) (43) 55 (98) (97) (99) (78) (97) (103) (88) (76)
Net income (loss) 468 1,049 485 432 414 391 379 392 342 386 308 312 134 (142) 320 309 312 337 293 314 282 266
Net income attributable to noncontrolling interests (1) (1) (2)
Net income (loss) attributable to ONEOK 468 1,049 485 432 414 391 379 392 342 386 308 312 134 (142) 320 309 312 337 293 313 281 265
Preferred stock dividends
Net income (loss) available to common shareholders 468 1,049 485 431 414 391 379 392 342 386 308 312 134 (142) 320 309 312 337 293 313 281 264

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. ONEOK Inc. revenues decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. ONEOK Inc. operating income (loss) increased from Q4 2022 to Q1 2023 but then decreased significantly from Q1 2023 to Q2 2023.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. ONEOK Inc. income (loss) before income taxes increased from Q4 2022 to Q1 2023 but then decreased significantly from Q1 2023 to Q2 2023.
Net income (loss) attributable to ONEOK The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. ONEOK Inc. net income (loss) attributable to ONEOK increased from Q4 2022 to Q1 2023 but then decreased significantly from Q1 2023 to Q2 2023.