Cash Flow Statement
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Paying user area
Try for free
ONEOK Inc. pages available for free this week:
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to ONEOK Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
ONEOK Inc., consolidated cash flow statement
US$ in thousands
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).
- Net Income Trend
- Net income experienced growth from 2018 through 2019, increasing from approximately $1.16 billion to $1.28 billion. A significant decline occurred in 2020, with net income nearly halving to around $613 million. This was followed by a strong recovery in 2021 and 2022, reaching a peak of approximately $1.72 billion by the end of 2022, the highest in the observed period.
- Depreciation and Amortization
- Depreciation and amortization expenses showed an upward trend over the five-year period, increasing from about $429 million in 2018 to $626 million in 2022. The increase was steady, reflecting consistent additions to the asset base or changes in asset values.
- Impairment Charges
- A notable impairment charge was recorded in 2020 amounting to approximately $645 million. No such charges were reported in other years, indicating a one-time adjustment likely due to asset revaluation or write-downs in that year.
- Equity in Net Earnings from Investments
- This item consistently showed negative values across all years, ranging from approximately -$147 million to -$122 million. Despite minor fluctuations, the negative trend indicates persistent losses or declines from investments accounted for under the equity method.
- Distributions from Unconsolidated Affiliates
- Distributions generally decreased over the period, moving from around $170 million in 2018 to about $147 million by 2022. The trend suggests a reduction in the income or returns from affiliates.
- Deferred Income Taxes
- Deferred income taxes fluctuated, with a significant drop in 2020 to approximately $187 million from over $370 million in 2019, followed by a pronounced increase in 2021 to over $470 million, then a slight decrease in 2022. This indicates volatility potentially linked to changes in tax strategy or timing differences in recognizing income and expenses.
- Other, Net
- The "Other, net" category showed variability, with a low of about -$26 million in 2019 and peaks near $94 million in 2021, stabilizing around $92 million in 2022. This suggests irregular gains or losses during the period.
- Changes in Working Capital Items
- Accounts receivable showed an unusual pattern, starting positive in 2018 and turning negative afterward, suggesting varying collection dynamics or revenue recognition changes. Accounts payable reversed from negative territory in earlier years to a positive spike in 2021, then reverting negative in 2022, indicating changing payment practices or liabilities management. NGLs and natural gas in storage, as well as risk-management assets and liabilities, displayed volatility, reflecting operational or market-driven factors affecting inventory and risk positions.
- Cash Flows from Operating Activities
- Cash provided by operating activities remained strong throughout, with a slight dip in 2019 and 2020, but recovered robustly in 2021 and 2022 to reach nearly $2.9 billion, showing effective cash generation.
- Cash Flows from Investing Activities
- Cash used in investing activities was markedly negative throughout, especially in 2019 with about -$3.77 billion, mostly driven by substantial capital expenditures. Capital expenditures fluctuated, being lower in 2019 and 2021 but rising again in 2022, indicating resumed or sustained investment in assets.
- Dividends and Distributions
- Dividends paid steadily increased from approximately $1.34 billion in 2018 to $1.67 billion in 2022, supporting shareholder return. Distributions to noncontrolling interests were only reported in 2018 at -$3.5 million.
- Debt and Equity Financing Activities
- Issuance of long-term debt peaked in 2019 and 2020, surpassing $4 billion and $3.2 billion respectively, then decreased significantly in 2022 to less than $870 million, indicating a reduction in long-term borrowing. Repayment of long-term debt rose steadily across the period, indicative of active debt management and reduction. Issuance of common stock was notable in 2018 and 2020, with smaller amounts in other years, showing occasional capital raising. Short-term borrowings showed net repayment in three out of four reported years, reflecting short-term liquidity management.
- Cash Flows from Financing Activities
- Cash flows from financing activities showed considerable variability. Positive inflows occurred in 2019 and 2020, largely driven by debt and equity issuance, while negative outflows in 2021 and 2022 suggest debt repayments and dividend payments outpaced new financing.
- Change in Cash and Equivalents
- The net change in cash exhibited fluctuations: a small decrease in 2018, marginal increase in 2019, significant increase in 2020, followed by a sharp decline in 2021, and a modest recovery in 2022. The ending cash balances reflected these changes, culminating in a cash balance of approximately $220 million by 2022.