Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

ONEOK Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Cash and cash equivalents	106)	680)	220)	22)	136)	15)	146)	224)	374)	402)	524)	447)	946)	532)	21)	673)	273)	28)	12)	84)	15)	17)
Accounts receivable, net	1,023)	1,153)	1,532)	1,729)	1,779)	1,682)	1,442)	1,498)	1,092)	910)	830)	718)	609)	498)	835)	719)	669)	813)	819)	1,085)	935)	844)
Materials and supplies	146)	157)	149)	155)	154)	148)	153)	148)	145)	144)	143)	159)	313)	255)	202)	193)	178)	164)	141)	129)	114)	99)
NGLs and natural gas in storage	314)	399)	432)	538)	620)	584)	428)	628)	455)	370)	228)	301)	202)	131)	305)	284)	185)	243)	297)	426)	286)	185)
Inventory	460)	556)	581)	693)	774)	732)	581)	776)	600)	513)	371)	460)	515)	386)	507)	476)	362)	407)	438)	555)	400)	284)
Commodity imbalances	30)	22)	43)	40)	49)	25)	40)	22)	15)	17)	12)	13)	18)	14)	25)	19)	26)	38)	29)	22)	27)	39)
Other current assets	244)	158)	172)	281)	289)	187)	166)	147)	155)	155)	133)	84)	92)	59)	82)	80)	70)	57)	101)	61)	57)	106)
Current assets	1,863)	2,569)	2,548)	2,765)	3,026)	2,641)	2,374)	2,667)	2,236)	1,998)	1,870)	1,721)	2,180)	1,488)	1,470)	1,968)	1,401)	1,343)	1,399)	1,808)	1,434)	1,291)
Property, plant and equipment	25,601)	25,252)	25,015)	24,727)	24,395)	24,073)	23,821)	23,580)	23,393)	23,193)	23,073)	22,803)	22,623)	22,136)	22,051)	20,948)	19,807)	18,888)	18,031)	17,120)	16,364)	15,838)
Accumulated depreciation and amortization	(5,372)	(5,212)	(5,063)	(4,937)	(4,793)	(4,648)	(4,501)	(4,358)	(4,212)	(4,067)	(3,918)	(3,774)	(3,642)	(3,507)	(3,703)	(3,585)	(3,471)	(3,370)	(3,264)	(3,160)	(3,060)	(2,960)
Net property, plant and equipment	20,229)	20,040)	19,953)	19,790)	19,601)	19,425)	19,320)	19,222)	19,182)	19,125)	19,155)	19,029)	18,981)	18,629)	18,349)	17,363)	16,336)	15,518)	14,767)	13,961)	13,304)	12,878)
Investments in unconsolidated affiliates	885)	789)	802)	804)	801)	797)	798)	797)	800)	808)	805)	790)	790)	810)	862)	871)	881)	951)	969)	982)	987)	997)
Goodwill and net intangible assets	748)	750)	753)	755)	758)	761)	763)	766)	769)	771)	774)	776)	779)	782)	958)	961)	964)	964)	967)	970)	988)	990)
Deferred income taxes	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	32)	116)
Other assets	313)	316)	324)	325)	340)	368)	366)	420)	451)	478)	475)	463)	262)	260)	173)	174)	169)	158)	130)	191)	170)	159)
Investments and other assets	1,946)	1,855)	1,879)	1,884)	1,899)	1,926)	1,927)	1,984)	2,020)	2,057)	2,054)	2,030)	1,831)	1,852)	1,993)	2,005)	2,014)	2,074)	2,066)	2,143)	2,176)	2,263)
Noncurrent assets	22,175)	21,895)	21,831)	21,674)	21,500)	21,351)	21,247)	21,205)	21,202)	21,182)	21,209)	21,060)	20,813)	20,481)	20,342)	19,368)	18,350)	17,592)	16,833)	16,103)	15,480)	15,142)
Total assets	24,038)	24,464)	24,379)	24,439)	24,527)	23,993)	23,622)	23,872)	23,437)	23,180)	23,079)	22,781)	22,992)	21,969)	21,812)	21,336)	19,752)	18,934)	18,232)	17,911)	16,914)	16,432)

Cash and Cash Equivalents: The cash and cash equivalents position exhibited significant volatility over the periods analyzed. A marked increase was observed in mid-2019, peaking at 673 million USD as of September 30, 2019, followed by a substantial decline towards the end of the year. Similar fluctuations were noted during 2020, with another peak at 946 million USD in June before decreasing again. Periods in 2022 and early 2023 showed lower and variable cash balances compared to the earlier peaks.
Accounts Receivable, Net: Accounts receivable generally trended upward from 844 million USD in March 2018 to a high of 1,779 million USD by September 2022. However, after peaking, the value declined during the last two observed quarters, ending at 1,023 million USD in June 2023. This pattern indicates increasing credit sales or billing up to late 2022, followed by a reduction in receivables in early 2023.
Materials and Supplies: Materials and supplies inventory increased steadily from 99 million USD in March 2018 to a peak of 313 million USD in June 2020, thereafter showing minor fluctuations but generally maintaining levels between approximately 140 and 160 million USD in subsequent periods.
NGLs and Natural Gas in Storage: The quantity in storage showed substantial variability. It ranged from a low of 131 million USD in March 2020 to several peaks throughout the periods, with the highest being 628 million USD in September 2021. A general declining trend was observed after the peak, with 314 million USD recorded in June 2023.
Inventory (Aggregate): Overall inventory levels increased significantly from 284 million USD in March 2018 to a high of 776 million USD in September 2021. After this peak, inventory levels generally declined, reaching 460 million USD by June 2023, indicating active management or reduction in stock levels post-peak.
Commodity Imbalances: Commodity imbalances fluctuated within a range from 12 million USD to 49 million USD. Notably, there were spikes in December 2021 and June 2022, reaching 40 and 49 million USD respectively, suggesting occasional periods of supply-demand mismatches or recording adjustments within the periods.
Other Current Assets: Other current assets displayed an increasing trend over the period, rising from 106 million USD in March 2018 to a peak of 289 million USD in June 2022. Variances within the periods were notable but the general direction was upward, reflecting growing non-traditional current assets.
Current Assets (Total): Current assets demonstrated growth from 1,291 million USD in March 2018 to 3,026 million USD in June 2022. Following this period, a decline was noted, decreasing to 1,863 million USD by June 2023. This suggests a build-up of liquid and short-term resources until mid-2022, with a subsequent drawdown during the following quarters.
Property, Plant, and Equipment (PPE): PPE consistently increased across all periods, starting at 15,838 million USD in March 2018 and reaching 25,601 million USD by June 2023. This steady increase indicates ongoing capital expenditures and asset additions over the years.
Accumulated Depreciation and Amortization: Accumulated depreciation followed a consistent upward trend in absolute terms (negative values), increasing from -2,960 million USD in March 2018 to -5,372 million USD by June 2023. One anomaly was a temporary lesser depreciation recorded in March 2020 (-3,507 million USD), though the longer-term trend remained upward in line with asset base growth.
Net Property, Plant, and Equipment: Net PPE increased from 12,878 million USD in March 2018 to 20,229 million USD in June 2023. Despite accumulated depreciation, the net asset base grew steadily, reflecting sustained investment exceeding depreciation during this period.
Investments in Unconsolidated Affiliates: This category decreased gradually from 997 million USD in March 2018 to approximately 789 million USD in March 2023, before slightly rising to 885 million USD in June 2023. The overall trend points toward divestments or revaluations until early 2023 with a modest recovery thereafter.
Goodwill and Net Intangible Assets: Goodwill and net intangible assets showed a slow but consistent decrease from 990 million USD in March 2018 to 748 million USD by June 2023, which may indicate amortization or impairment over time.
Deferred Income Taxes: Deferred income taxes were sporadically reported and declined from 116 million USD in March 2018 to no data present after June 2018. The initial amounts suggest a deferred tax asset or liability that appears to have been resolved or reclassified post early 2018.
Other Assets: Other assets exhibited fluctuations with an overall increasing trend from 159 million USD in March 2018 to a peak of 475 million USD in December 2020, followed by a declining pattern towards 313 million USD in June 2023.
Investments and Other Assets: Investments and other assets gradually decreased from 2,263 million USD in March 2018 to 1,855 million USD in March 2023, with slight recoveries near mid-2023. This reduction suggests asset disposals or reclassifications over the examined period.
Noncurrent Assets (Total): Noncurrent assets increased steadily from 15,142 million USD in March 2018 to 22,175 million USD in June 2023, reflecting capital investment and sustained asset acquisitions despite depreciation and amortization.
Total Assets: Total assets grew from 16,432 million USD in March 2018 reaching peaks above 24,000 million USD between 2021 and 2023. Minor declines appeared toward mid-2023, indicating relative stability in asset base size with mild contraction after sustained growth.

Assets: Selected Items

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ONEOK Inc. (NYSE:OKE)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data