ONEOK Historical Income Statement
| 0KCI Stock | 99.85 1.61 1.64% |
Historical analysis of ONEOK income statement accounts such as Gross Profit of 5.2 B, Operating Income of 4.3 B or Ebitda of 5.4 B can show how well ONEOK Inc performed in making a profits. Evaluating ONEOK income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ONEOK's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining ONEOK Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ONEOK Inc is a good buy for the upcoming year.
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About ONEOK Income Statement Analysis
ONEOK Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ONEOK shareholders. The income statement also shows ONEOK investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
ONEOK Income Statement Chart
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Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in ONEOK Inc financial statement analysis. It represents the amount of money remaining after all of ONEOK Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Cost Of Revenue
Cost of Revenue is found on ONEOK Inc income statement and represents the costs associated with goods and services ONEOK provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from ONEOK's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ONEOK Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, ONEOK's EBIT is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 3.7 B in 2024, whereas Cost Of Revenue is likely to drop slightly above 8.3 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.7B | 3.9B | 5.0B | 5.2B | Total Revenue | 16.5B | 22.4B | 17.7B | 18.6B |
ONEOK income statement Correlations
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ONEOK Account Relationship Matchups
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ONEOK income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Revenue | 10.2B | 8.5B | 16.5B | 22.4B | 17.7B | 18.6B | |
| Gross Profit | 2.9B | 2.9B | 3.7B | 3.9B | 5.0B | 5.2B | |
| Operating Income | 1.9B | 2.1B | 2.6B | 2.8B | 4.1B | 4.3B | |
| Ebitda | 2.4B | 2.5B | 3.3B | 3.5B | 5.1B | 5.4B | |
| Net Income | 1.3B | 612.8M | 1.5B | 1.7B | 2.7B | 2.8B | |
| Income Tax Expense | 372.4M | 189.5M | 484.5M | 527.4M | 838M | 879.9M | |
| Depreciation And Amortization | 476.5M | 578.7M | 621.7M | 626.1M | 769M | 807.5M | |
| Interest Expense | 491.8M | 712.9M | 732.9M | 675.9M | 866M | 909.3M | |
| Other Operating Expenses | 8.2B | 6.6B | 13.9B | 19.6B | 13.6B | 9.2B | |
| Ebit | 1.9B | 2.0B | 2.7B | 2.9B | 4.3B | 4.6B | |
| Cost Of Revenue | 7.3B | 5.7B | 12.9B | 18.5B | 12.7B | 8.3B | |
| Total Operating Expenses | 982.9M | 886.2M | 1.1B | 1.0B | 1.7B | 865.0M | |
| Income Before Tax | 1.7B | 802.3M | 2.0B | 2.2B | 3.5B | 3.7B | |
| Total Other Income Expense Net | (263.4M) | (559.0M) | (612M) | (557M) | (575M) | (546.3M) | |
| Tax Provision | 306.0M | 362.9M | 372.4M | 189.5M | 217.9M | 317.5M | |
| Interest Income | 326.4M | 311.2M | 337.2M | 569.6M | 655.1M | 412.4M | |
| Net Income Applicable To Common Shares | 1.3B | 611.7M | 1.5B | 1.7B | 2.0B | 1.1B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for ONEOK Stock Analysis
When running ONEOK's price analysis, check to measure ONEOK's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ONEOK is operating at the current time. Most of ONEOK's value examination focuses on studying past and present price action to predict the probability of ONEOK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ONEOK's price. Additionally, you may evaluate how the addition of ONEOK to your portfolios can decrease your overall portfolio volatility.