Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

ONEOK Inc., consolidated balance sheet: liabilities and stockholders’ equity (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
Current maturities of long-term debt	—)	500)	925)	925)	896)	896)	896)	536)	536)	544)	8)	8)	8)	8)	8)	8)	308)	308)	508)	508)	933)	933)
Short-term borrowings	—)	—)	—)	901)	—)	78)	—)	—)	—)	—)	—)	—)	—)	—)	220)	—)	—)	—)	—)	120)	156)	—)
Accounts payable	880)	1,074)	1,359)	1,659)	1,924)	1,730)	1,332)	1,443)	1,053)	930)	719)	624)	755)	742)	1,210)	1,130)	907)	1,027)	1,118)	1,340)	1,027)	773)
Commodity imbalances	163)	220)	254)	254)	346)	403)	309)	316)	245)	210)	186)	126)	108)	55)	104)	103)	101)	120)	110)	163)	136)	125)
Accrued taxes	130)	150)	136)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Accrued interest	214)	137)	233)	120)	235)	136)	236)	141)	245)	140)	245)	141)	217)	122)	191)	122)	167)	114)	161)	112)	135)	98)
Current operating lease liability	12)	12)	12)	12)	12)	13)	14)	14)	15)	13)	14)	14)	14)	13)	2)	—)	—)	—)	—)	—)	—)	—)
Other current liabilities	118)	89)	132)	267)	242)	226)	398)	352)	302)	211)	172)	182)	171)	151)	286)	204)	255)	121)	211)	208)	184)	123)
Current liabilities	1,517)	2,182)	3,052)	4,139)	3,655)	3,483)	3,185)	2,803)	2,395)	2,048)	1,345)	1,094)	1,273)	1,091)	2,020)	1,567)	1,737)	1,690)	2,108)	2,450)	2,572)	2,051)
Long-term debt, excluding current maturities	12,742)	12,728)	12,696)	11,951)	12,873)	12,750)	12,748)	13,640)	13,638)	13,639)	14,228)	14,249)	14,276)	14,147)	12,480)	12,479)	10,754)	10,004)	8,873)	8,326)	7,091)	7,092)
Deferred income taxes	2,168)	2,027)	1,739)	1,593)	1,426)	1,278)	1,167)	982)	882)	815)	670)	582)	476)	443)	536)	419)	348)	271)	220)	132)	55)	54)
Noncurrent operating lease liability	63)	66)	68)	70)	71)	74)	76)	78)	82)	85)	88)	91)	94)	96)	14)	—)	—)	—)	—)	—)	—)	—)
Other deferred credits	330)	329)	331)	375)	388)	414)	432)	528)	531)	496)	706)	618)	633)	632)	537)	652)	564)	528)	451)	350)	357)	367)
Deferred credits and other liabilities	2,561)	2,422)	2,138)	2,038)	1,885)	1,766)	1,674)	1,588)	1,495)	1,396)	1,463)	1,291)	1,202)	1,171)	1,086)	1,070)	912)	798)	670)	483)	412)	421)
Noncurrent liabilities	15,303)	15,150)	14,834)	13,988)	14,757)	14,516)	14,422)	15,229)	15,132)	15,035)	15,692)	15,541)	15,479)	15,317)	13,566)	13,550)	11,666)	10,803)	9,544)	8,808)	7,503)	7,512)
Total liabilities	16,820)	17,332)	17,885)	18,127)	18,412)	17,999)	17,606)	18,031)	17,527)	17,083)	17,036)	16,635)	16,752)	16,409)	15,586)	15,117)	13,403)	12,492)	11,652)	11,259)	10,075)	9,563)
Preferred stock, $0.01 par value	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	5)	5)	5)	5)	5)	5)	5)	5)	5)	5)	5)	5)	5)	4)	4)	4)	4)	4)	4)	4)	4)	4)
Paid-in capital	7,270)	7,253)	7,253)	7,218)	7,190)	7,177)	7,214)	7,235)	7,247)	7,305)	7,353)	7,448)	7,550)	6,989)	7,404)	7,448)	7,495)	7,528)	7,615)	7,663)	7,700)	7,735)
Accumulated other comprehensive loss	(75)	(99)	(108)	(199)	(367)	(468)	(471)	(662)	(601)	(466)	(551)	(531)	(525)	(499)	(374)	(421)	(336)	(270)	(188)	(158)	(179)	(175)
Retained earnings (accumulated deficit)	711)	672)	50)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(8)	(142)	—)	—)	—)	—)	—)	—)	—)	—)
Treasury stock, at cost	(693)	(699)	(706)	(712)	(714)	(720)	(732)	(737)	(740)	(747)	(764)	(777)	(781)	(792)	(808)	(813)	(815)	(821)	(852)	(856)	(861)	(863)
Total ONEOK shareholders’ equity	7,218)	7,132)	6,494)	6,312)	6,115)	5,994)	6,015)	5,841)	5,910)	6,097)	6,042)	6,146)	6,241)	5,561)	6,226)	6,219)	6,348)	6,442)	6,580)	6,653)	6,665)	6,701)
Noncontrolling interests in consolidated subsidiaries	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	174)	168)
Total equity	7,218)	7,132)	6,494)	6,312)	6,115)	5,994)	6,015)	5,841)	5,910)	6,097)	6,042)	6,146)	6,241)	5,561)	6,226)	6,219)	6,348)	6,442)	6,580)	6,653)	6,838)	6,869)
Total liabilities and equity	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)

Current Maturities of Long-Term Debt: The current maturities of long-term debt decreased significantly from March 2018 to September 2019, reaching a low of 8 million. Subsequently, they rose notably from March 2021 onward, peaking near 925 million in late 2022 before falling to 500 million by June 2023, indicating variability in short-term debt obligations.
Short-Term Borrowings: Short-term borrowings display an intermittent pattern with spikes occurring in June 2018, September 2019, and June 2023. The highest recorded value is 901 million in June 2023, suggesting episodic reliance on short-term financing.
Accounts Payable: Accounts payable generally trended upwards from early 2018 through mid-2022, rising from 773 million to a peak of 1924 million in June 2022, before declining to 880 million by June 2023. This pattern indicates increasing supplier liabilities followed by reduction in recent periods.
Commodity Imbalances: Commodity imbalances fluctuated over the period, starting at 125 million in March 2018 with some increases and decreases but reaching a high of 403 million in March 2022. Thereafter, a decline is observed down to 163 million by June 2023, indicating variability in commodity-related accounts.
Accrued Taxes: Accrued taxes appear only in the final three reported quarters, displaying amounts between 130 million and 150 million, suggesting emerging or newly reported tax accrual obligations in recent periods.
Accrued Interest: Accrued interest manifests a generally rising trend from 98 million in March 2018 to fluctuating values around 230 million by mid-2023, indicating increasing interest obligations over time with periodic variability.
Current Operating Lease Liability: Current operating lease liabilities were first reported in September 2019 and held relatively steady between 12 million and 15 million through June 2023, reflecting consistent lease obligations.
Other Current Liabilities: Other current liabilities fluctuate without a clear trend, ranging between roughly 89 million and 398 million. The data shows peaks in late 2021 followed by declines through mid-2023, indicating variability in miscellaneous short-term obligations.
Current Liabilities: Current liabilities decreased sharply from 2572 million in June 2018 to a low near 1091 million in March 2020, then increased steadily to a peak of 4139 million in March 2023 before declining to 1517 million in June 2023. This pattern denotes significant short-term liability fluctuations over time.
Long-Term Debt, Excluding Current Maturities: Long-term debt rose notably from 7,092 million in March 2018 to around 14,228 million by December 2020, followed by a general decline to approximately 12,742 million by June 2023. This suggests initial debt accumulation followed by gradual repayment or restructuring.
Deferred Income Taxes: Deferred income taxes exhibited a steady increase from 54 million in March 2018 to 2,168 million by June 2023, reflecting growing deferred tax obligations or timing differences in tax reporting.
Noncurrent Operating Lease Liability: Noncurrent lease liabilities commenced reporting in September 2019 and steadily decreased from 96 million to 63 million by June 2023, indicating a reduction in long-term lease commitments.
Other Deferred Credits: Other deferred credits fluctuated without a clear trend, initially rising to 652 million in September 2019, then generally declining to about 330-329 million in mid-2023, demonstrating variability in deferred liabilities.
Deferred Credits and Other Liabilities: This category showed a consistent upward trend from 421 million in March 2018 to 2,561 million by June 2023, indicating increasing noncurrent liabilities beyond lease obligations.
Noncurrent Liabilities: Noncurrent liabilities grew from 7,512 million in March 2018 to peaks above 15,692 million in December 2020, followed by a moderate decrease to about 15,303 million in June 2023, showing expansion and later partial contraction in long-term obligations.
Total Liabilities: Total liabilities increased from 9,563 million in March 2018 to a high of approximately 18,412 million in June 2022, then declined steadily to 16,820 million by June 2023, reflecting overall liability growth followed by recent reductions.
Common Stock, Paid-In Capital, and Treasury Stock: Common stock remained stable at 4 to 5 million shares throughout the period. Paid-in capital modestly decreased from 7,735 million in early 2018 to about 7,270 million by mid-2023. Treasury stock showed a steady reduction in absolute value (cost basis) from -863 million to -693 million, indicating likely share buybacks or retirements.
Accumulated Other Comprehensive Loss: The accumulated other comprehensive loss widened from -175 million in March 2018 to a peak of -662 million by September 2021, then narrowed substantially to -75 million by June 2023, suggesting recovery from prior comprehensive losses.
Retained Earnings: Retained earnings data is incomplete but shows a negative balance early on (-142 million in December 2019), moving into positive territory by March 2023 (50 million) and increasing to 711 million by June 2023, indicating improved accumulated profitability.
Total Shareholders’ Equity and Total Equity: Total equity declined from 6,869 million in March 2018 to a low near 5,561 million in March 2020, then increased steadily to about 7,218 million by June 2023. This suggests recovery in net asset value after a period of decline.
Total Liabilities and Equity: Total capitalization rose from approximately 16,432 million in March 2018 to around 24,464 million in March 2023, demonstrating overall growth in the company’s balance sheet size, with a slight decline to 24,038 million by June 2023.

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ONEOK Inc. (NYSE:OKE)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data