ONEOK Historical Income Statement

OKE Stock

USD 117.05 0.30 0.26%

Historical analysis of ONEOK income statement accounts such as Operating Income of 4.3 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.

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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.

Net Income Gross Profit

Check out Your Equity Center 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 industry.

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

At present, ONEOK's Total Revenue is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 3.9 B, whereas Cost Of Revenue is forecasted to decline to about 8.4 B.

Total Revenue Gross Profit Operating Income Ebitda Extraordinary Items Minority Interest

Total Revenue

Total revenue comprises all receipts ONEOK Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of ONEOK Inc minus its cost of goods sold. It is profit before ONEOK operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from ONEOK Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ONEOK Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of ONEOK Inc whose combined shares represent less than 50% of the total outstanding shares issued by ONEOK have a minority interest in ONEOK.

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 Your Equity Center 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 industry.

	2021	2022	2023	2024 (projected)
Gross Profit	3.7B	3.9B	3.8B	3.9B
Total Revenue	16.5B	22.4B	17.7B	18.6B

Gross Profit Total Revenue

ONEOK income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Operating Income	Ebit	Ebitda	Net Income	Income Tax Expense	Depreciation And Amortization	Other Operating Expenses	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Selling General Administrative	Net Income From Continuing Ops	Non Operating Income Net Other	Discontinued Operations	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Interest Expense		0.67	0.91	0.88	0.9	0.93	0.85	0.23	0.95	0.41	0.43	0.6	0.85	-0.8	-0.79	0.75	0.71	-0.24	-0.13	0.75	0.82	-0.87	0.86
Total Revenue	0.67		0.8	0.62	0.68	0.7	0.68	0.08	0.69	0.91	0.91	0.7	0.75	-0.44	-0.5	0.63	0.57	-0.14	-0.29	0.62	0.5	-0.55	0.6
Gross Profit	0.91	0.8		0.9	0.94	0.96	0.91	0.34	0.93	0.57	0.58	0.67	0.9	-0.8	-0.75	0.86	0.82	-0.01	-0.24	0.81	0.81	-0.85	0.9
Operating Income	0.88	0.62	0.9		0.99	0.98	0.98	0.62	0.88	0.3	0.34	0.55	0.96	-0.81	-0.8	0.91	0.77	0.04	-0.21	0.81	0.78	-0.89	0.9
Ebit	0.9	0.68	0.94	0.99		1.0	0.98	0.58	0.89	0.38	0.41	0.56	0.95	-0.82	-0.81	0.91	0.78	0.03	-0.19	0.85	0.81	-0.89	0.91
Ebitda	0.93	0.7	0.96	0.98	1.0		0.97	0.52	0.93	0.4	0.43	0.59	0.96	-0.83	-0.79	0.91	0.79	-0.02	-0.2	0.85	0.81	-0.89	0.91
Net Income	0.85	0.68	0.91	0.98	0.98	0.97		0.58	0.89	0.38	0.41	0.59	0.98	-0.75	-0.69	0.96	0.75	0.0	-0.21	0.84	0.7	-0.8	0.84
Income Tax Expense	0.23	0.08	0.34	0.62	0.58	0.52	0.58		0.25	-0.17	-0.13	0.02	0.53	-0.43	-0.43	0.57	0.42	0.43	-0.13	0.55	0.37	-0.47	0.48
Depreciation And Amortization	0.95	0.69	0.93	0.88	0.89	0.93	0.89	0.25		0.43	0.45	0.66	0.88	-0.78	-0.67	0.86	0.79	-0.2	-0.19	0.76	0.75	-0.81	0.84
Other Operating Expenses	0.41	0.91	0.57	0.3	0.38	0.4	0.38	-0.17	0.43		1.0	0.69	0.45	-0.21	-0.27	0.34	0.37	-0.15	-0.27	0.46	0.35	-0.29	0.39
Cost Of Revenue	0.43	0.91	0.58	0.34	0.41	0.43	0.41	-0.13	0.45	1.0		0.72	0.48	-0.23	-0.3	0.37	0.38	-0.15	-0.27	0.51	0.38	-0.31	0.42
Total Operating Expenses	0.6	0.7	0.67	0.55	0.56	0.59	0.59	0.02	0.66	0.69	0.72		0.65	-0.39	-0.36	0.57	0.57	0.01	-0.2	0.65	0.54	-0.45	0.57
Income Before Tax	0.85	0.75	0.9	0.96	0.95	0.96	0.98	0.53	0.88	0.45	0.48	0.65		-0.67	-0.65	0.95	0.74	-0.01	-0.23	0.83	0.65	-0.76	0.79
Total Other Income Expense Net	-0.8	-0.44	-0.8	-0.81	-0.82	-0.83	-0.75	-0.43	-0.78	-0.21	-0.23	-0.39	-0.67		0.91	-0.68	-0.62	0.06	0.0	-0.63	-0.91	0.93	-0.95
Selling General Administrative	-0.79	-0.5	-0.75	-0.8	-0.81	-0.79	-0.69	-0.43	-0.67	-0.27	-0.3	-0.36	-0.65	0.91		-0.55	-0.57	-0.01	0.07	-0.58	-0.92	0.96	-0.92
Net Income From Continuing Ops	0.75	0.63	0.86	0.91	0.91	0.91	0.96	0.57	0.86	0.34	0.37	0.57	0.95	-0.68	-0.55		0.76	0.06	-0.27	0.8	0.59	-0.68	0.76
Non Operating Income Net Other	0.71	0.57	0.82	0.77	0.78	0.79	0.75	0.42	0.79	0.37	0.38	0.57	0.74	-0.62	-0.57	0.76		0.26	-0.61	0.68	0.71	-0.73	0.76
Discontinued Operations	-0.24	-0.14	-0.01	0.04	0.03	-0.02	0.0	0.43	-0.2	-0.15	-0.15	0.01	-0.01	0.06	-0.01	0.06	0.26		-0.19	0.01	0.01	-0.01	0.01
Non Recurring	-0.13	-0.29	-0.24	-0.21	-0.19	-0.2	-0.21	-0.13	-0.19	-0.27	-0.27	-0.2	-0.23	0.0	0.07	-0.27	-0.61	-0.19		-0.18	-0.19	0.17	-0.19
Tax Provision	0.75	0.62	0.81	0.81	0.85	0.85	0.84	0.55	0.76	0.46	0.51	0.65	0.83	-0.63	-0.58	0.8	0.68	0.01	-0.18		0.71	-0.66	0.77
Interest Income	0.82	0.5	0.81	0.78	0.81	0.81	0.7	0.37	0.75	0.35	0.38	0.54	0.65	-0.91	-0.92	0.59	0.71	0.01	-0.19	0.71		-0.94	0.96
Net Interest Income	-0.87	-0.55	-0.85	-0.89	-0.89	-0.89	-0.8	-0.47	-0.81	-0.29	-0.31	-0.45	-0.76	0.93	0.96	-0.68	-0.73	-0.01	0.17	-0.66	-0.94		-0.96
Reconciled Depreciation	0.86	0.6	0.9	0.9	0.91	0.91	0.84	0.48	0.84	0.39	0.42	0.57	0.79	-0.95	-0.92	0.76	0.76	0.01	-0.19	0.77	0.96	-0.96

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ONEOK Account Relationship Matchups

ONEOK income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	491.8M	712.9M	732.9M	675.9M	866M	909.3M
Total Revenue	10.2B	8.5B	16.5B	22.4B	17.7B	18.6B
Gross Profit	2.9B	2.9B	3.7B	3.9B	3.8B	3.9B
Operating Income	1.9B	2.1B	2.6B	2.8B	4.1B	4.3B
Ebit	1.9B	2.0B	2.7B	2.9B	3.5B	3.6B
Ebitda	2.6B	2.5B	3.3B	3.5B	4.2B	4.4B
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	642.7M	578.7M	621.7M	626.1M	769M	807.5M
Other Operating Expenses	8.2B	6.6B	13.9B	19.6B	13.6B	9.2B
Cost Of Revenue	7.3B	5.7B	12.9B	18.5B	13.9B	8.4B
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)
Net Income Applicable To Common Shares	1.3B	611.7M	1.5B	1.7B	2.0B	2.1B
Selling General Administrative	907.1M	982.9M	17.2M	17.7M	16.0M	15.2M
Net Income From Continuing Ops	2.0B	612.8M	1.5B	1.7B	2.5B	2.6B
Tax Provision	372.4M	189.5M	484.5M	527.4M	758.4M	426.7M
Interest Income	337.2M	569.6M	610.4M	528.2M	607.5M	454.4M
Net Interest Income	(491.8M)	(712.9M)	(732.9M)	(675.9M)	(726.9M)	(763.3M)
Reconciled Depreciation	476.5M	578.7M	621.7M	626.1M	666.1M	597.8M

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When determining whether ONEOK Inc is a strong investment it is important to analyze ONEOK's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ONEOK's future performance. For an informed investment choice regarding ONEOK Stock, refer to the following important reports:

How To Invest In ONEOK

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Is ONEOK Stock a good investment?

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What is ONEOK's Net Worth?

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Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ONEOK. If investors know ONEOK will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ONEOK listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.192

Dividend Share

3.96

Earnings Share

4.72

Revenue Per Share

34.116

Quarterly Revenue Growth

0.199

The market value of ONEOK Inc is measured differently than its book value, which is the value of ONEOK that is recorded on the company's balance sheet. Investors also form their own opinion of ONEOK's value that differs from its market value or its book value, called intrinsic value, which is ONEOK's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ONEOK's market value can be influenced by many factors that don't directly affect ONEOK's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between ONEOK's value and its price as these two are different measures arrived at by different means. Investors typically determine if ONEOK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ONEOK's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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ONEOK Historical Income Statement

About ONEOK Income Statement Analysis

ONEOK Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Minority Interest

ONEOK income statement Correlations

ONEOK Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ONEOK income statement Accounts

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Ebitda	+ 1.0	Ebit
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 0.99	Operating Income
Ebitda	+ 0.98	Operating Income
Net Income	+ 0.98	Operating Income
Net Income	+ 0.98	Ebit

Reconciled Depreciation	- 0.96	Net Interest Income
Reconciled Depreciation	- 0.95	Total Other Income Expense Net
Net Interest Income	- 0.94	Interest Income
Reconciled Depreciation	- 0.92	Selling General Administrative
Interest Income	- 0.92	Selling General Administrative
Interest Income	- 0.91	Total Other Income Expense Net