← ONEOK INC /NEW/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Equity in net earnings from investments (Note N) | ($139.7m) | ($159.3m) | ($158.4m) | ($154.5m) | ($143.2m) | ($122.5m) | ($147.7m) | ($202.0m) | ($439.0m) | ($386.0m) | |
| Net Income (Loss) Attributable to Parent | $352.0m | $387.8m | $1.2b | $1.3b | $612.8m | $1.5b | $1.7b | $2.7b | $3.0b | $3.4b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $743.5m | $387.1m | $1.2b | $1.3b | $611.7m | $1.5b | $1.7b | $2.7b | $3.0b | $3.4b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $354.1m | $387.1m | $1.2b | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $745.5m | $593.5m | $1.2b | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($2.1m) | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($2.1m) | $0 | $0 | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $391.5m | $205.7m | $3.3m | $0 | $0 | — | — | — | $77.0m | $69.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $743.5m | $593.5m | $1.2b | $1.3b | $612.8m | $1.5b | $1.7b | $2.7b | $3.1b | $3.5b | |
| Amortization of Intangible Assets | $11.9m | $11.9m | $11.9m | $11.9m | $10.8m | $10.4m | $10.4m | $33.0m | $62.0m | $138.0m | |
| Depreciation | $391.6m | $406.3m | $428.6m | $476.5m | $578.7m | $621.7m | $626.1m | $736.0m | $1.1b | $1.4b | |
| Depreciation, Depletion and Amortization | $391.6m | $406.3m | $428.6m | $476.5m | $578.7m | $621.7m | $626.1m | $769.0m | $1.1b | $1.5b | |
| Deferred Income Tax Expense (Benefit) | $203.9m | $445.3m | $361.0m | $372.7m | $186.7m | $472.1m | $463.4m | $829.0m | $889.0m | $957.0m | |
| Deferred income taxes (Note M) | $211.6m | $437.9m | $361.0m | $372.7m | $186.7m | $472.1m | $463.4m | $829.0m | $889.0m | $957.0m | |
| Equity Method Investment, Other than Temporary Impairment | $0 | $4.3m | $0 | $0 | $37.7m | $0 | $0 | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | — | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $30.7m | $16.6m | $25.6m | $46.5m | $29.4m | $54.1m | $52.8m | $63.0m | $102.0m | $92.0m | |
| Share-based Payment Arrangement, Noncash Expense | $40.6m | $26.3m | $31.7m | $37.1m | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | $227.0m | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | $9.6m | $924k | $601k | ($2.6m) | $1.3m | $1.4m | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $22.3m | — | — | — | — | $106.0m | |
| Income (Loss) from Equity Method Investments | $139.7m | $159.3m | $158.4m | $154.5m | $143.2m | $122.5m | $147.7m | $202.0m | $439.0m | $386.0m | |
| Income Tax Expense (Benefit) | $212.4m | $447.3m | $362.9m | $372.4m | $189.5m | $484.5m | $527.4m | $838.0m | $998.0m | $1.0b | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $1.4b | $1.8b | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | ($3.3m) | ($32.1m) | $89.0m | $53.0m | $146.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable | $287.6m | $261.3m | ($320.1m) | ($62.9m) | ($80.3m) | $622.4m | ($26.1m) | ($62.0m) | $114.0m | $671.0m | |
| Accounts receivable | ($285.8m) | ($330.5m) | $384.0m | ($19.7m) | ($1.3m) | ($610.5m) | ($87.3m) | $107.0m | $49.0m | ($683.0m) | |
| Accretion Expense | $500k | — | — | — | — | — | — | — | — | — | |
| Cash paid for acquisitions, net of cash acquired | $0 | — | — | — | — | $0 | $0 | ($5.0b) | ($5.8b) | ($25.0m) | |
| Cash provided by (used in) financing activities | ($584.8m) | ($959.5m) | ($97.0m) | $1.8b | $875.0m | ($2.3b) | ($1.7b) | $2.1b | $2.1b | ($2.5b) | |
| Cash used in investing activities | ($615.4m) | ($567.6m) | ($2.1b) | ($3.8b) | ($2.3b) | ($665.3m) | ($1.1b) | ($6.4b) | ($6.6b) | ($3.8b) | |
| Debt financing costs | ($2.8m) | ($11.4m) | ($13.4m) | ($29.7m) | ($28.2m) | $0 | ($8.0m) | ($71.0m) | ($67.0m) | ($32.0m) | |
| Delaware Basin JV Acquisition (Note B) | — | — | — | — | — | — | — | $0 | $0 | ($550.0m) | |
| Distributions received from unconsolidated affiliates | $144.7m | $167.4m | $170.5m | $163.5m | $144.4m | $123.0m | $146.7m | $202.0m | $390.0m | $397.0m | |
| Extinguishment of long-term debt (Note G) | ($1.1b) | ($994.8m) | ($932.6m) | ($1.1b) | ($1.5b) | ($604.9m) | ($895.8m) | ($1.3b) | ($2.0b) | ($3.0b) | |
| Gain on sale of business (Note B) | — | — | — | — | — | — | $0 | $0 | ($227.0m) | $0 | |
| Goodwill | $525.5m | $681.1m | $681.1m | $681.0m | $527.6m | $527.6m | $527.6m | $5.0b | $8.1b | $8.1b | |
| Increase (Decrease) in Accounts Payable | $287.6m | $261.3m | ($320.1m) | ($62.9m) | ($80.3m) | $622.4m | ($26.1m) | ($62.0m) | $114.0m | $671.0m | |
| Increase (Decrease) in Inventories | $11.9m | $202.3m | ($38.5m) | $8.3m | ($77.1m) | $105.0m | $62.1m | ($118.0m) | ($17.0m) | $263.0m | |
| Inventories, net of commodity imbalances | ($11.9m) | ($202.3m) | $38.5m | ($8.3m) | $77.1m | ($105.0m) | ($62.1m) | $118.0m | $17.0m | ($263.0m) | |
| Medford settlement gain (Note A) | — | — | — | — | — | $0 | $0 | ($779.0m) | $0 | $0 | |
| Medford settlement proceeds (Note A) | — | — | — | — | — | $0 | $39.0m | $328.0m | $0 | $0 | |
| Other assets and liabilities, net | $36.3m | ($15.5m) | $4.6m | ($14.2m) | $118.2m | $45.1m | ($18.5m) | $99.0m | ($165.0m) | ($105.0m) | |
| Other, net | $5.4m | ($13.8m) | ($2.5m) | ($58.8m) | ($28.7m) | $12.2m | $42.6m | $13.0m | ($68.0m) | ($93.0m) | |
| Payments of Financing Costs | $2.8m | $11.4m | $13.4m | $29.7m | $28.2m | — | — | $71.0m | $67.0m | $32.0m | |
| Proceeds from the sale of business (Note B) | — | — | — | — | — | — | $0 | $0 | $1.2b | $0 | |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity | $209k | $107k | $8.0m | $64.8m | $23.7m | $1.7m | $2.6m | — | — | — | |
| Purchases of and contributions to unconsolidated affiliates (Note N) | — | — | — | — | — | ($1.0m) | ($3.0m) | ($207.0m) | ($111.0m) | ($622.0m) | |
| Repurchase of EnLink's Series C Preferred Units | — | — | — | — | — | — | $0 | $0 | ($365.0m) | $0 | |
| Short-term borrowings, net | $563.9m | ($495.6m) | ($614.7m) | $220.0m | ($220.0m) | $0 | $0 | $0 | $0 | $820.0m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $7.0m | ($63.7m) | ($36.9m) | $21.1m | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | $106.2m | $786.0m | $305.0m | $43.0m | |
| Net Cash Provided by (Used in) Operating Activities | $1.4b | $1.3b | $2.2b | $1.9b | $1.9b | $2.5b | $2.9b | $4.4b | $4.9b | $5.6b | |
| Cash flows from investing activities: | |||||||||||
| Capital expenditures (less allowance for equity funds used during construction) | ($624.6m) | ($512.4m) | ($2.1b) | ($3.8b) | ($2.2b) | ($696.9m) | ($1.2b) | ($1.6b) | ($2.0b) | ($3.2b) | |
| Payments to Acquire Property, Plant, and Equipment | $624.6m | $512.4m | $2.1b | $3.8b | $2.2b | $696.9m | $1.2b | $1.6b | $2.0b | $3.2b | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | — | — | — | — | — | — | $5.0b | $5.8b | $25.0m | |
| Payments for (Proceeds from) Other Investing Activities | $0 | $0 | — | $10.5m | $107.0m | ($12.2m) | ($42.6m) | ($35.0m) | ($97.0m) | ($48.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($615.4m) | ($567.6m) | ($2.1b) | ($3.8b) | ($2.3b) | ($665.3m) | ($1.1b) | ($6.4b) | ($6.6b) | ($3.8b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance of long-term debt, net of discounts (Note G) | $1.0b | $1.2b | $1.8b | $4.2b | $3.2b | $0 | $869.4m | $5.3b | $7.1b | $3.0b | |
| Proceeds from Issuance of Long-term Debt | $1.0b | $1.2b | $1.8b | $4.2b | $3.2b | $0 | $869.4m | $5.3b | $7.1b | $3.0b | |
| Repayments of Long-term Debt | $1.1b | $994.8m | $932.6m | $1.1b | $1.5b | $604.9m | $895.8m | $1.3b | $2.0b | $3.0b | |
| Proceeds from Issuance of Common Stock | $22.0m | $471.4m | $1.2b | $29.0m | $969.8m | $32.8m | $32.4m | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $0 | $0 | $159.0m | $75.0m | |
| Repurchase of common stock (Note H) | — | — | — | — | — | — | $0 | $0 | ($159.0m) | ($75.0m) | |
| Proceeds from Noncontrolling Interests | — | — | $16.4m | — | — | — | — | — | — | — | |
| Dividends paid | $517.6m | $829.4m | $1.3b | $1.5b | $1.6b | $1.7b | $1.7b | $1.8b | $2.3b | $2.6b | |
| Proceeds from (Payments for) Other Financing Activities | $7.1m | ($13.8m) | ($2.5m) | ($58.8m) | ($28.7m) | ($19.6m) | ($27.3m) | $13.0m | ($68.0m) | ($93.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($584.8m) | ($959.5m) | ($97.0m) | $1.8b | $875.0m | ($2.3b) | ($1.7b) | $2.1b | $2.1b | ($2.5b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $97.6m | $248.9m | $37.2m | $12.0m | $21.0m | ($378.1m) | $73.8m | $118.0m | $395.0m | ($655.0m) | |
| Cash and cash equivalents at beginning of period | $97.6m | $248.9m | $37.2m | $12.0m | $21.0m | $524.5m | $146.4m | $338.0m | $733.0m | $78.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | $338.0m | $733.0m | $78.0m | |
| Change in cash and cash equivalents | $151.4m | ($211.7m) | ($25.2m) | $9.0m | $503.5m | ($378.1m) | $73.8m | $118.0m | $395.0m | ($655.0m) | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $461.2m | $432.2m | $418.2m | $435.2m | $761.0m | $691.9m | $581.7m | $653.0m | $1.3b | $1.7b | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $58.9m | $37.0m | $102.0m | $74.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.