ONEOK, Inc. OKE Income Statement

Oneok, inc. (OKE)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues
Revenues
2,136	2,663	2,263	2,457	2,779	3,136	3,393	2,960	3,102	3,792	2,906	2,725	2,749	2,654	2,357	2,134	1,774	1,930	1,898	2,128	1,805	2,844	3,120	3,066	3,163	3,449	3,135	2,768	2,517	1,211	3,028	2,529	3,414	590	3,529	3,444	3,760	3,004	2,942	2,807	3,923	3,423	2,364	2,227	2,789	4,239	4,172
Cost of sales and fuel (exclusive of items shown separately below)
1,276	1,791	1,414	1,625	1,956	2,318	2,560	2,175	2,368	3,073	2,229	2,091	2,143	2,021	1,751	1,527	1,195	1,333	1,360	1,603	1,343	2,281	2,583	2,571	2,652	3,007	2,711	2,356	2,146	1,314	2,474	1,980	2,771	691	2,996	2,925	3,130	2,471	2,491	2,349	3,304	2,861	1,912	1,795	2,238	3,784	3,752
Operations and maintenance
175	231	218	206	207	213	206	202	181	191	179	190	162	169	165	167	155	163	146	140	154	165	153	153	126	132	116	108	121	-165	206	204	192	-147	185	197	192	198	183	178	180	203	179	184	161	179	171
Net margin
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	536	495	510	-	424	412	371	-102	553	548	643	-101	532	518	629	533	451	458	619	562	451	432	551	455	420
Depreciation and amortization
132	125	121	114	114	110	107	106	104	103	102	100	99	99	98	99	94	93	88	86	85	80	74	72	67	63	61	58	55	-44	81	84	83	-54	75	78	79	76	77	75	77	73	72	71	72	60	59
Impairment charges (Note A)
604	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of long-lived assets (Note D)
-	-	-	-	-	-	-	-	-	-	15	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10	-	0	0	0	-	-	-	-	-	-	-	-	-	-
General taxes
31	27	26	30	33	22	24	28	29	22	24	24	27	24	18	24	21	21	17	24	24	15	19	18	22	11	14	16	19	-27	23	27	31	-27	22	25	28	22	19	25	23	25	24	25	25	24	16
Total operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	247	244	216	-	192	184	196	-247	310	315	317	-229	283	302	301	297	280	279	281	302	276	281	259	264	247
Gain on sale of assets
0	0	0	-2	0	0	0	0	0	0	0	0	-0	0	5	-0	4	6	-0	0	-0	5	1	-0	0	11	0	0	0	6	-0	0	0	-0	-0	-0	-0	3	16	-0	-0	1	-1	3	0	1	-0
Operating income (loss)
-83	487	482	476	468	471	495	448	419	400	354	319	317	339	329	315	311	242	284	272	196	306	291	251	294	246	231	228	174	150	242	234	325	128	249	216	328	239	186	178	337	261	173	154	293	192	173
Equity in net earnings from investments (Note I)
44	39	37	34	43	42	39	36	40	40	40	39	39	39	35	32	32	32	32	30	30	110	-52	25	33	30	27	26	25	30	28	29	34	33	32	29	32	30	29	20	21	17	20	14	21	29	17
Impairment of equity investments (Note A)
37	-	-	-	0	-	-	-	-	-	4	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
15	19	15	16	12	4	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	10	9	6	5	9	7	3	1	0	0	0	0	0	0	0	0	0	1	7	9	9	15	11
Other income
8	5	6	5	9	-6	5	1	0	3	3	4	4	-3	4	4	0	-2	0	0	3	0	0	3	1	5	4	2	5	-6	5	0	9	-1	0	0	3	1	6	0	2	1	8	7	1	12	0
Other expense
3	3	6	4	3	3	3	4	3	4	3	24	3	11	0	0	0	-6	7	1	1	-0	2	1	25	11	0	0	1	-5	0	4	2	-8	13	0	2	0	2	7	1	8	0	1	3	11	-0
Interest expense (net of capitalized interest of $30,875 and $19,192, respectively)
140	129	129	117	115	118	121	113	115	124	126	118	116	114	118	118	118	110	106	102	96	86	86	88	94	73	66	66	64	18	71	71	75	11	73	75	79	69	70	75	76	76	72	73	77	61	-59
Income (loss) before income taxes
-197	418	406	410	415	389	416	369	341	316	263	219	241	249	249	232	225	-13	202	199	133	256	152	191	219	206	202	196	149	168	207	189	293	158	195	170	282	202	150	117	284	195	136	111	242	177	143
Income tax expense (benefit)
-55	98	97	98	77	96	102	87	75	251	97	43	54	54	55	52	50	12	38	48	37	56	37	42	14	39	44	42	38	23	42	40	73	7	34	35	84	55	29	31	97	59	34	30	79	24	-30
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	194	194	180	175	-26	164	151	95	200	114	148	204	166	157	153	110	144	164	148	219	151	161	134	198	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-0	-0	-0	-1	-3	-0	-0	0	-0	-8	1	17	-10	-74	55	51	0	0	0	113	-0	0	1	-	-	-	-	-	-	-	-	-	-
Gain on sale of discontinued operations, net of tax (Note B)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	13	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-141	320	309	311	337	292	313	282	266	64	166	175	186	194	194	179	174	-28	160	150	95	201	114	140	206	184	147	79	165	195	164	149	233	264	160	134	199	147	120	86	186	143	102	81	163	153	112
Less: Net income attributable to noncontrolling interests
-	-	0	0	-	0	0	1	1	1	0	104	98	103	102	93	91	-53	78	74	34	107	49	79	112	93	85	78	53	84	99	88	110	149	100	79	69	64	65	44	32	50	54	39	41	95	71
Less: Preferred stock dividends
0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) available to common shareholders
-142	319	308	311	336	292	312	280	264	62	165	71	87	-	92	85	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	90	92	86	84	27	86	76	60	93	64	69	91	73	72	75	57	60	65	60	108	1	60	54	129	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-0	-0	-0	-1	-3	-0	-0	0	-0	-8	1	17	-10	-74	55	51	0	0	14	113	-0	0	1	-	-	-	-	-	-	-	-	-	-
Net income attributable to ONEOK
-	-	309	311	-	292	313	281	264	63	165	71	87	90	92	85	83	25	82	76	60	94	64	61	93	90	62	0	112	111	65	60	122	115	60	55	130	83	55	41	154	93	48	41	122	58	41
Basic earnings per common share:
Income (Loss) from Continuing Operations, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	0.43	0.44	0.41	0.40	0.13	0.41	0.36	0.29	0.45	0.31	0.33	0.44	0.36	0.35	0.36	0.28	0.30	0.32	0.29	0.52	-0.59	0.29	0.26	1.21	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	0.00	0.00	0.00	-0.02	0.00	0.00	0.00	0.00	-0.04	0.01	0.08	-0.05	-0.36	0.27	0.25	0.00	0.00	0.07	0.54	0.00	0.00	0.01	-	-	-	-	-	-	-	-	-	-
Basic earnings (loss) per common share (Note G)
-0.34	0.77	0.75	0.75	0.82	0.71	0.76	0.68	0.65	0.12	0.43	0.34	0.41	0.42	0.44	0.41	0.40	0.13	0.39	0.36	0.29	0.45	0.31	0.29	0.45	0.44	0.30	0.00	0.55	0.55	0.32	0.29	0.59	-0.05	0.29	0.26	1.22	-0.80	0.52	0.39	1.46	0.88	0.46	0.40	1.16	0.56	0.40
Diluted earnings per common share:
Income (Loss) from Continuing Operations, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	0.42	0.44	0.41	0.40	0.13	0.41	0.36	0.29	0.44	0.31	0.33	0.44	0.35	0.35	0.36	0.27	0.29	0.31	0.29	0.51	-0.57	0.29	0.25	1.18	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-0.01	-0.01	0.00	-0.01	-0.02	0.00	0.00	0.00	0.00	-0.04	0.01	0.08	-0.05	-0.36	0.27	0.24	0.00	0.00	0.07	0.53	-0.01	0.00	0.01	-	-	-	-	-	-	-	-	-	-
Diluted earnings (loss) per common share (Note G)
-0.34	0.77	0.74	0.75	0.81	0.71	0.75	0.68	0.64	0.12	0.43	0.33	0.41	0.43	0.43	0.40	0.40	0.12	0.39	0.36	0.29	0.44	0.31	0.29	0.45	0.43	0.30	0.00	0.54	0.53	0.31	0.29	0.58	-0.04	0.28	0.25	1.19	-0.79	0.51	0.39	1.44	0.87	0.45	0.39	1.16	0.55	0.39
Average shares (thousands)
Average shares (thousands)
Basic
414	413	413	413	412	412	412	411	409	385	380	211	211	211	211	211	210	210	210	210	209	209	209	209	209	206	206	206	205	204	205	207	207	630	206	0	0	850	0	0	0	-210	0	105	105	104	104
Diluted
415	415	415	415	415	415	414	414	412	388	383	214	213	212	212	212	211	210	210	210	210	210	210	210	210	210	209	208	209	209	209	211	211	645	211	0	0	861	0	0	0	-211	0	105	105	105	106
Common Stock, Dividends, Per Share, Declared
-	-	-	-	-	-	-	-	-	-	0.74	0.61	0.61	-	0.61	0.61	0.61	0.61	0.60	0.60	0.60	0.59	0.57	0.56	0.40	0.38	0.38	0.36	0.36	0.30	0.33	0.33	0.30	0.02	0.28	0.26	0.52	-0.43	0.46	0.44	0.44	0.42	0.42	0.40	0.40	0.40	0.38
Commodity Sales
Revenues
1,808	2,348	1,947	2,146	2,472	2,816	3,083	2,675	2,820	3,162	2,322	2,161	2,216	2,101	1,840	1,633	1,283	1,456	1,484	1,722	1,435	2,448	2,754	2,715	2,806	3,095	2,807	2,447	2,198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Services
Revenues
328	315	315	310	306	319	310	285	282	629	583	564	532	553	517	500	490	474	414	405	369	396	365	351	356	353	328	321	319	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-