Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

ONEOK Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net income	1,722,221)	1,499,706)	612,809)	1,278,577)	1,155,032)
Depreciation and amortization	626,132)	621,701)	578,662)	476,535)	428,557)
Impairment charges	—)	—)	644,930)	—)	—)
Equity in net earnings from investments	(147,720)	(122,520)	(143,241)	(154,541)	(158,383)
Distributions received from unconsolidated affiliates	146,718)	123,010)	144,352)	163,476)	170,528)
Deferred income taxes	463,419)	472,057)	186,730)	372,729)	361,010)
Other, net	91,790)	94,091)	35,327)	(26,101)	23,570)
Accounts receivable	(87,274)	(610,531)	(1,297)	(19,688)	383,993)
NGLs and natural gas in storage, net of commodity imbalances	(62,149)	(105,038)	172,316)	(10,193)	(5,846)
Accounts payable	(26,106)	622,425)	(80,257)	(62,946)	(320,132)
Risk-management assets and liabilities	197,460)	(93,713)	(187,458)	(86,268)	117,717)
Other assets and liabilities, net	(18,536)	45,084)	(63,805)	15,199)	30,673)
Changes in assets and liabilities	3,395)	(141,773)	(160,501)	(163,896)	206,405)
Adjustments to reconcile net income to net cash provided by operating activities	1,183,734)	1,046,566)	1,286,259)	668,202)	1,031,687)
Cash provided by operating activities	2,905,955)	2,546,272)	1,899,068)	1,946,779)	2,186,719)
Capital expenditures, less allowance for equity funds used during construction	(1,202,057)	(696,854)	(2,195,381)	(3,848,349)	(2,141,475)
Distributions received from unconsolidated affiliates in excess of cumulative earnings	20,267)	19,363)	31,808)	94,168)	26,757)
Other, net	42,554)	12,199)	(106,956)	(14,577)	(170)
Cash used in investing activities	(1,139,236)	(665,292)	(2,270,529)	(3,768,758)	(2,114,888)
Dividends paid	(1,671,582)	(1,667,431)	(1,605,366)	(1,457,628)	(1,335,058)
Distributions to noncontrolling interests	—)	—)	—)	—)	(3,500)
Borrowing (repayment) of short-term borrowings, net	—)	—)	(220,000)	220,000)	(614,673)
Issuance of long-term debt, net of discounts	869,393)	—)	3,244,777)	4,185,435)	1,795,773)
Repayment of long-term debt	(895,814)	(604,894)	(1,457,222)	(1,057,348)	(932,650)
Issuance of common stock	32,442)	32,791)	969,759)	29,040)	1,203,981)
Acquisition of noncontrolling interests	—)	—)	—)	—)	(195,000)
Other	(27,322)	(19,551)	(56,949)	(88,537)	(15,922)
Cash provided by (used in) financing activities	(1,692,883)	(2,259,085)	874,999)	1,830,962)	(97,049)
Change in cash and cash equivalents	73,836)	(378,105)	503,538)	8,983)	(25,218)
Cash and cash equivalents at beginning of period	146,391)	524,496)	20,958)	11,975)	37,193)
Cash and cash equivalents at end of period	220,227)	146,391)	524,496)	20,958)	11,975)

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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Cash flow statement item	Description	The company
Cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	ONEOK Inc. cash provided by operating activities increased from 2020 to 2021 and from 2021 to 2022.
Cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	ONEOK Inc. cash used in investing activities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	ONEOK Inc. cash provided by (used in) financing activities decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

ONEOK Inc. (NYSE:OKE)

Cash Flow Statement