Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

ONEOK Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Current maturities of long-term debt	925,000)	895,814)	7,650)	7,650)	507,650)
Short-term borrowings	—)	—)	—)	220,000)	—)
Accounts payable	1,359,475)	1,332,391)	719,302)	1,209,900)	1,116,337)
Commodity imbalances	254,139)	309,054)	186,372)	104,480)	110,197)
Accrued interest	233,053)	235,602)	245,153)	190,750)	161,377)
Current operating lease liability	12,289)	13,783)	13,610)	1,883)	—)
Current finance lease liability	2,954)	2,584)	2,153)	1,949)	1,765)
Other current liabilities	264,717)	395,391)	170,307)	283,686)	211,110)
Current liabilities	3,051,627)	3,184,619)	1,344,547)	2,020,298)	2,108,436)
Long-term debt, excluding current maturities	12,695,834)	12,747,636)	14,228,421)	12,479,757)	8,873,334)
Deferred income taxes	1,738,525)	1,166,690)	669,697)	536,063)	219,731)
Noncurrent operating lease liability	68,110)	75,636)	87,610)	13,509)	—)
Noncurrent finance lease liability	19,299)	21,082)	22,143)	24,296)	26,244)
Other deferred credits	311,814)	410,787)	683,938)	512,247)	424,383)
Deferred credits and other liabilities	2,137,748)	1,674,195)	1,463,388)	1,086,115)	670,358)
Noncurrent liabilities	14,833,582)	14,421,831)	15,691,809)	13,565,872)	9,543,692)
Total liabilities	17,885,209)	17,606,450)	17,036,356)	15,586,170)	11,652,128)
Preferred stock, $0.01 par value	—)	—)	—)	—)	—)
Common stock, $0.01 par value	4,749)	4,749)	4,749)	4,450)	4,450)
Paid-in capital	7,253,154)	7,213,861)	7,353,396)	7,403,895)	7,615,138)
Accumulated other comprehensive loss	(108,256)	(471,351)	(551,449)	(374,000)	(188,239)
Retained earnings	50,396)	—)	—)	—)	—)
Treasury stock, at cost	(706,158)	(732,096)	(764,298)	(808,394)	(851,806)
Total ONEOK shareholders’ equity	6,493,885)	6,015,163)	6,042,398)	6,225,951)	6,579,543)
Total liabilities and equity	24,379,094)	23,621,613)	23,078,754)	21,812,121)	18,231,671)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	ONEOK Inc. current liabilities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	ONEOK Inc. noncurrent liabilities decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	ONEOK Inc. total liabilities increased from 2020 to 2021 and from 2021 to 2022.
Total ONEOK shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	ONEOK Inc. total ONEOK shareholders’ equity decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

ONEOK Inc. (NYSE:OKE)

Balance Sheet: Liabilities and Stockholders’ Equity