Stock Analysis on Net
Stock Analysis on Net

ONEOK Inc. (NYSE:OKE)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 8, 2023.

Balance Sheet: Liabilities and Stockholders’ Equity

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.

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ONEOK Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Current maturities of long-term debt
Short-term borrowings
Accounts payable
Commodity imbalances
Accrued interest
Current operating lease liability
Current finance lease liability
Other current liabilities
Current liabilities
Long-term debt, excluding current maturities
Deferred income taxes
Noncurrent operating lease liability
Noncurrent finance lease liability
Other deferred credits
Deferred credits and other liabilities
Noncurrent liabilities
Total liabilities
Preferred stock, $0.01 par value
Common stock, $0.01 par value
Paid-in capital
Accumulated other comprehensive loss
Retained earnings
Treasury stock, at cost
Total ONEOK shareholders’ equity
Total liabilities and equity

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Current maturities of long-term debt
Significant volatility is observed, beginning with a high value in 2018, a sharp decline to 7,650 thousand USD in 2019 and 2020, followed by a substantial increase in 2021 and 2022, reaching 925,000 thousand USD. This indicates fluctuating short-term debt obligations.
Short-term borrowings
Data is available only for 2019 at 220,000 thousand USD, with no values reported in other years, suggesting inconsistent or minimal use of short-term borrowings during the period.
Accounts payable
There is a decline in 2020 to 719,302 thousand USD from prior years, but a sharp increase in 2021 and 2022, peaking at 1,359,475 thousand USD, pointing to rising operational liabilities in recent years.
Commodity imbalances
A noticeable upward trend is present from 2018 to 2021, increasing from 110,197 to 309,054 thousand USD, then decreasing to 254,139 thousand USD in 2022, reflecting fluctuating inventory or commodity adjustment balances.
Accrued interest
This item shows a steady increase from 161,377 thousand USD in 2018 to a peak of 245,153 thousand USD in 2020, followed by a slight decline in subsequent years to 233,053 thousand USD in 2022, indicating varying interest expense accruals.
Current operating lease liability
Values emerge from 2019 onwards, increasing sharply in 2020 and then stabilizing around 12,000 to 13,000 thousand USD, indicating newly recognized lease obligations.
Current finance lease liability
A gradual but consistent increase is observed from 1,765 thousand USD in 2018 to 2,954 thousand USD in 2022, showing growing finance lease commitments.
Other current liabilities
This category displays fluctuations, peaking significantly in 2021 at 395,391 thousand USD, with prior decreases and subsequent declines to 264,717 thousand USD in 2022, suggesting adjustments or one-off items affecting current obligations.
Current liabilities
The total current liabilities show a decline in 2020 to roughly 1.34 billion USD but then more than double in 2021 to over 3.18 billion USD, remaining high at 3.05 billion USD in 2022, reflecting a sharp increase in short-term obligations.
Long-term debt, excluding current maturities
Long-term debt rises notably from 8.87 billion USD in 2018 to a peak of over 14.2 billion USD in 2020, then decreases moderately in 2021 and 2022 to approximately 12.7 billion USD, indicating debt refinancing or repayments after significant borrowing.
Deferred income taxes
Steady increases are apparent from 219,731 thousand USD in 2018 to 1.74 billion USD in 2022, suggesting a growing deferred tax liability over the period.
Noncurrent operating lease liability
Beginning with lower values, this liability surges in 2020 to 87,610 thousand USD, then decreases over 2021 and 2022 to around 68,110 thousand USD, indicating recognition and subsequent reduction of long-term lease obligations.
Noncurrent finance lease liability
A gradual decline from 26,244 thousand USD in 2018 to 19,299 thousand USD in 2022 is observed, reflecting the gradual amortization or repayment of finance lease liabilities.
Other deferred credits
Fluctuations are evident with increases up to 683,938 thousand USD in 2020, followed by declines in 2021 and 2022 to 311,814 thousand USD, indicating changing deferred income or liability balances.
Deferred credits and other liabilities
A consistent upward trend from 670,358 thousand USD in 2018 to 2.14 billion USD in 2022 indicates increasing accrued or deferred noncurrent obligations.
Noncurrent liabilities
Noncurrent liabilities grow from 9.54 billion USD in 2018 to a peak of 15.69 billion USD in 2020, then decline to approximately 14.83 billion USD by 2022, revealing a pattern of debt accumulation followed by partial reduction.
Total liabilities
Total liabilities rise steadily from 11.65 billion USD in 2018 to 17 billion USD in 2020, then increase more modestly to 17.89 billion USD by 2022, indicating growing overall financial obligations throughout the period.
Common stock
The common stock nominal value remains stable with a slight increase between 2019 and 2020, suggesting no significant issuance or buybacks beyond this minor change.
Paid-in capital
Paid-in capital shows a declining trend from 7.62 billion USD in 2018 to about 7.25 billion USD in 2022, indicating repurchases or adjustments reducing equity capital contributions.
Accumulated other comprehensive loss
This loss deepened from -188,239 thousand USD in 2018 to a maximum negative position of -551,449 thousand USD in 2020, then improved substantially to -108,256 thousand USD by 2022, reflecting volatility in other comprehensive income components.
Retained earnings
Data is only available for 2022, showing a positive value of 50,396 thousand USD, suggesting accumulated net income retention or other equity increases.
Treasury stock, at cost
There is a steady reduction in the absolute value of treasury stock from -851,806 thousand USD in 2018 to -706,158 thousand USD in 2022, indicating ongoing repurchases or retirements reducing treasury stock holdings.
Total shareholders’ equity
Equity declines from 6.58 billion USD in 2018 to approximately 6.04 billion USD in 2020 and 2021, but rebounds to nearly 6.49 billion USD in 2022, signaling some recovery in shareholder value after a period of contraction.
Total liabilities and equity
This total shows a consistent increase from 18.23 billion USD in 2018 to 24.38 billion USD in 2022, indicating overall asset growth financed by both liabilities and equity expansions.