ONEOK Historical Income Statement
| OKE Stock | USD 112.59 0.86 0.76% |
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.
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.
ONEOK |
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
Add Fundamental
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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ONEOK Inc. It is also known as ONEOK overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.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. 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 5.2 B, whereas Cost Of Revenue is forecasted to decline to about 8.3 B.
| 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
Click cells to compare fundamentals
ONEOK Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 5.0B | 5.2B | |
| Operating Income | 1.9B | 2.1B | 2.6B | 2.8B | 4.1B | 4.3B | |
| Ebit | 1.9B | 2.0B | 2.7B | 2.9B | 4.3B | 4.6B | |
| Ebitda | 2.6B | 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 | 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 | 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) | |
| 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 |
Also Currently Popular
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.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: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. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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.