Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- 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
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ONEOK Inc., consolidated statement of comprehensive income
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
- Net income demonstrated a fluctuating trend over the five-year period. It increased from approximately 1.16 billion USD in 2018 to nearly 1.28 billion USD in 2019, then declined significantly to around 613 million USD in 2020. Subsequently, it rose sharply to about 1.5 billion USD in 2021 and further to approximately 1.72 billion USD in 2022, indicating a strong recovery and growth after a notable dip in 2020.
- Change in Fair Value of Derivatives, Net of Tax
- This figure showed a consistent negative trend from 2018 to 2021, with values declining from -5.7 million USD in 2018 to -203.9 million USD in 2021. However, in 2022, it reversed to a positive 93.5 million USD, suggesting a significant improvement in the fair value of derivatives during the latest year.
- Derivative Amounts Reclassified to Net Income, Net of Tax
- The amounts reclassified to net income were volatile across the years. After a positive 36.9 million USD in 2018, this turned negative in 2019 (-21.1 million USD), then swung back to positive values in the following years—21.1 million USD in 2020, increasing significantly to 229.0 million USD in 2021, and slightly decreasing to 200.9 million USD in 2022. Overall, the reclassification appears to have contributed positively to net income in recent years.
- Change in Retirement and Other Postretirement Benefit Plan Obligations, Net of Tax
- This component exhibited more variability and was generally low in magnitude relative to other items. It shifted from a positive 4.8 million USD in 2018 to negative values in 2019 and 2020 (-9.7 million USD and -26.2 million USD, respectively), before returning to positive changes in 2021 and 2022 (49.0 million USD and 52.8 million USD). This suggests some volatility but an overall positive trend in recent years.
- Other Comprehensive Income (Loss) of Unconsolidated Affiliates, Net of Tax
- The values fluctuated over time, starting from a positive 2.4 million USD in 2018, moving to negative results in 2019 and 2020 (-7.2 million USD and -7.4 million USD), then improving to positive 5.0 million USD in 2021 and further to 15.9 million USD in 2022. This indicates a recovery and strengthening in this category.
- Other Comprehensive Income (Loss), Net of Tax
- Other comprehensive income or loss showed significant volatility, transitioning from a positive 38.4 million USD in 2018 to a steep negative trend in 2019 and 2020 (-185.8 million USD and -177.4 million USD). It then rebounded to positive 80.1 million USD in 2021 and surged to an even higher 363.1 million USD in 2022. This sharp recovery and growth imply an improving comprehensive income situation beyond net income effects.
- Comprehensive Income
- Comprehensive income followed a similar pattern to net income but with more pronounced fluctuations. Starting at approximately 1.19 billion USD in 2018, it declined to 1.09 billion USD in 2019 and then to 435 million USD in 2020. After this dip, it rose significantly to about 1.58 billion USD in 2021 and further to 2.09 billion USD in 2022, marking the highest value during the period and reflecting the combined effect of improvements in net income and other comprehensive income elements.
- Comprehensive Income Attributable to ONEOK
- The comprehensive income attributable to the company closely mirrors the total comprehensive income trend, showing a decline from nearly 1.19 billion USD in 2018 to 435 million USD in 2020, followed by a robust increase to 1.58 billion USD and 2.09 billion USD in 2021 and 2022, respectively. This consistency indicates the company’s dominant share in total comprehensive income.