2023 Q1 Form 10-K Financial Statement

#000103968423000016 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $4.521B $5.032B $22.39B
YoY Change -16.96% -7.17% 35.35%
Cost Of Revenue $3.347B $3.893B $17.91B
YoY Change -23.34% -9.86% 46.12%
Gross Profit $1.174B $1.139B $4.477B
YoY Change 8.84% 3.39% 4.51%
Gross Profit Margin 25.97% 22.63% 20.0%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $162.0M $157.4M $626.1M
YoY Change 5.29% 2.81% 0.71%
% of Gross Profit 13.8% 13.82% 13.99%
Operating Expenses $458.0M $479.6M $1.776B
YoY Change 9.63% 6.75% 5.15%
Operating Profit $1.497B $659.2M $2.807B
YoY Change 125.98% 1.08% 8.13%
Interest Expense $166.0M -$129.6M $675.9M
YoY Change -3.52% -9.66% -7.77%
% of Operating Profit 11.09% -19.66% 24.08%
Other Income/Expense, Net $8.000M -$957.0K -$32.10M
YoY Change -159.16% -206.93% 863.07%
Pretax Income $1.379B $627.1M $2.250B
YoY Change 168.5% 23.01% 13.38%
Income Tax $330.0M $142.2M $527.4M
% Of Pretax Income 23.93% 22.67% 23.44%
Net Earnings $1.049B $484.6M $1.722B
YoY Change 168.17% 27.75% 14.84%
Net Earnings / Revenue 23.2% 9.63% 7.69%
Basic Earnings Per Share $2.34 $3.85
Diluted Earnings Per Share $2.34 $1.08 $3.84
COMMON SHARES
Basic Shares Outstanding 447.2M shares 447.0M shares 447.5M shares
Diluted Shares Outstanding 449.0M shares 448.4M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $680.0M $220.2M $220.2M
YoY Change 4554.35% 50.44% 50.44%
Cash & Equivalents $680.0M $220.2M $220.2M
Short-Term Investments
Other Short-Term Assets $158.0M $171.5M $171.5M
YoY Change -15.62% 3.54% 3.54%
Inventory $399.0M $431.7M $623.7M
Prepaid Expenses
Receivables $1.153B $1.532B $1.532B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.569B $2.548B $2.548B
YoY Change -2.74% 7.3% 7.3%
LONG-TERM ASSETS
Property, Plant & Equipment $20.04B $19.95B $20.04B
YoY Change 3.16% 3.27% 3.22%
Goodwill $527.6M
YoY Change 0.0%
Intangibles $225.3M
YoY Change -4.42%
Long-Term Investments $789.0M $801.8M $801.8M
YoY Change -1.05% 0.52% 0.52%
Other Assets $316.0M $324.1M $241.3M
YoY Change -14.15% -11.55% -12.86%
Total Long-Term Assets $21.90B $21.83B $21.83B
YoY Change 2.55% 2.75% 2.75%
TOTAL ASSETS
Total Short-Term Assets $2.569B $2.548B $2.548B
Total Long-Term Assets $21.90B $21.83B $21.83B
Total Assets $24.46B $24.38B $24.38B
YoY Change 1.96% 3.21% 3.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.074B $1.359B $1.359B
YoY Change -37.92% 2.03% 2.03%
Accrued Expenses $149.0M $245.3M $245.3M
YoY Change -0.02% -1.62% -1.62%
Deferred Revenue $23.30M
YoY Change -33.99%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $500.0M $925.0M $928.0M
YoY Change -44.18% 3.26% 3.29%
Total Short-Term Liabilities $2.182B $3.052B $3.052B
YoY Change -37.35% -4.18% -4.18%
LONG-TERM LIABILITIES
Long-Term Debt $12.73B $12.70B $12.72B
YoY Change -0.18% -0.41% -0.42%
Other Long-Term Liabilities $329.0M $331.1M $379.9M
YoY Change -20.55% -23.33% -21.89%
Total Long-Term Liabilities $13.06B $13.03B $13.10B
YoY Change -0.82% -1.16% -1.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.182B $3.052B $3.052B
Total Long-Term Liabilities $13.06B $13.03B $13.10B
Total Liabilities $15.24B $16.08B $17.89B
YoY Change -8.46% -1.74% 1.58%
SHAREHOLDERS EQUITY
Retained Earnings $672.0M $50.40M
YoY Change
Common Stock $5.000M $4.749M
YoY Change 5.29% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $699.0M $706.2M
YoY Change -2.97% -3.54%
Treasury Stock Shares 27.48M shares 27.76M shares
Shareholders Equity $7.132B $6.494B $6.494B
YoY Change
Total Liabilities & Shareholders Equity $24.46B $24.38B $24.38B
YoY Change 1.96% 3.21% 3.21%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.049B $484.6M $1.722B
YoY Change 168.17% 27.75% 14.84%
Depreciation, Depletion And Amortization $162.0M $157.4M $626.1M
YoY Change 5.29% 2.81% 0.71%
Cash From Operating Activities $1.221B $1.040B $2.906B
YoY Change 164.17% -1.39% 14.13%
INVESTING ACTIVITIES
Capital Expenditures $289.0M $316.0M $1.202B
YoY Change 12.46% -253.02% 72.5%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $40.64M -$42.55M
YoY Change -100.0% 143.91% 248.83%
Cash From Investing Activities $47.00M -$275.4M -$1.139B
YoY Change -119.29% 45.04% 71.24%
FINANCING ACTIVITIES
Cash Dividend Paid $427.0M $1.672B
YoY Change 2.3% 0.25%
Common Stock Issuance & Retirement, Net $32.44M
YoY Change -1.06%
Debt Paid & Issued, Net $425.0M $895.8M
YoY Change 48.09%
Cash From Financing Activities -$808.0M -567.1M -$1.693B
YoY Change 130.67% -39.88% -25.06%
NET CHANGE
Cash From Operating Activities $1.221B 1.040B $2.906B
Cash From Investing Activities $47.00M -275.4M -$1.139B
Cash From Financing Activities -$808.0M -567.1M -$1.693B
Net Change In Cash $460.0M 198.0M $73.84M
YoY Change -449.06% -354.04% -119.53%
FREE CASH FLOW
Cash From Operating Activities $1.221B $1.040B $2.906B
Capital Expenditures $289.0M $316.0M $1.202B
Free Cash Flow $932.0M $724.4M $1.704B
YoY Change 354.12% -42.58% -7.87%

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23621613000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
925000000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
895814000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1359475000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1332391000 usd
CY2022Q4 oke Commodity Exchanges And Imbalances Liabilities Current
CommodityExchangesAndImbalancesLiabilitiesCurrent
254139000 usd
CY2021Q4 oke Commodity Exchanges And Imbalances Liabilities Current
CommodityExchangesAndImbalancesLiabilitiesCurrent
309054000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
233053000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
235602000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12289000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13783000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
267671000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
397975000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3051627000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3184619000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
12695834000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
12747636000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1738525000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1166690000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
68110000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
75636000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
331113000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
431869000 usd
CY2022Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
2137748000 usd
CY2021Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
1674195000 usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
20000 shares
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
7253154000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
7213861000 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
20000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000 shares
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1200000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1200000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
474916234 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
447157771 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
474916234 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
446138177 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
4749000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
4749000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-108256000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-471351000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
50396000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
0 usd
CY2022Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
27758463 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
28778057 shares
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
706158000 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
732096000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
6493885000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
6015163000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
24379094000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
23621613000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1722221000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
1499706000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
612809000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
626132000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
621701000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
578662000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
644930000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
147720000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
122520000 usd
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
143241000 usd
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
146718000 usd
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
123010000 usd
CY2020 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
144352000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
463419000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
472057000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
186730000 usd
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
91790000 usd
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
94091000 usd
CY2020 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
35327000 usd
CY2022 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
87274000 usd
CY2021 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
610531000 usd
CY2020 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1297000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
62149000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
105038000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-172316000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-26106000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
622425000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-80257000 usd
CY2022 us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
-197460000 usd
CY2021 us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
93713000 usd
CY2020 us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
187458000 usd
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
18536000 usd
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-45084000 usd
CY2020 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
63805000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2905955000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2546272000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1899068000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1202057000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
696854000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2195381000 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
20267000 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
19363000 usd
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
31808000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-42554000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-12199000 usd
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
106956000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1139236000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-665292000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2270529000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
1671582000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
1667431000 usd
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
1605366000 usd
CY2022 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
0 usd
CY2021 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
0 usd
CY2020 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-220000000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
869393000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3244777000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
895814000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
604894000 usd
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1457222000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
32442000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
32791000 usd
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
969759000 usd
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-27322000 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-19551000 usd
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-56949000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1692883000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2259085000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
874999000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
73836000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-378105000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
503538000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
146391000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
524496000 usd
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20958000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
220227000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
146391000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
524496000 usd
CY2022 us-gaap Interest Paid
InterestPaid
581663000 usd
CY2021 us-gaap Interest Paid
InterestPaid
691897000 usd
CY2020 us-gaap Interest Paid
InterestPaid
760984000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
58935000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8864000 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
342000 usd
CY2020 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
55.00
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.74
CY2021 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
55.00
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.74
CY2022 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
55.00
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.74
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
6225951000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
612809000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-177449000 usd
CY2020 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
55.00
CY2020 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1100000 usd
CY2020 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
978868000 usd
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.74
CY2020 us-gaap Dividends Common Stock
DividendsCommonStock
1605000000 usd
CY2020 us-gaap Stockholders Equity Other
StockholdersEquityOther
8319000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
6042398000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
1499706000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
80098000 usd
CY2021 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
55.00
CY2021 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1100000 usd
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
38882000 usd
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.74
CY2021 us-gaap Dividends Common Stock
DividendsCommonStock
1666751000 usd
CY2021 us-gaap Stockholders Equity Other
StockholdersEquityOther
21930000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
6015163000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1722221000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
363095000 usd
CY2022 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
55.00
CY2022 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1100000 usd
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
38654000 usd
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.74
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
1670725000 usd
CY2022 us-gaap Stockholders Equity Other
StockholdersEquityOther
26577000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
6493885000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> - The preparation of our Consolidated Financial Statements and related disclosures in accordance with GAAP requires us to make estimates and assumptions with respect to values or conditions that cannot be known with certainty that affect the reported amounts on our Consolidated Financial Statements. Items that may be estimated include, but are not limited to, the economic useful life of assets, fair value of assets, liabilities and equity-method investments, obligations under employee benefit plans, allowance for credit losses, expenses for services received but for which no invoice has been received, provision for income taxes, including any deferred tax valuation allowances, the results of litigation and various other recorded or </span><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">disclosed amounts. In addition, a portion of our revenues and cost of sales and fuel are recorded based on current month prices and estimated volumes. The estimates are reversed in the following month when we record actual volumes. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We evaluate our estimates on an ongoing basis using historical experience, consultation with experts and other methods we consider reasonable based on the particular circumstances. Nevertheless, actual results may differ significantly from the estimates. Any effects on our financial position or results of operations from revisions to these estimates are recorded in the period when the facts that give rise to the revision become known.</span></div>
CY2022 us-gaap Contract With Customer Timing Of Satisfaction Of Performance Obligation And Payment
ContractWithCustomerTimingOfSatisfactionOfPerformanceObligationAndPayment
5 to 10 years.
CY2022 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Derivatives and Risk Management</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> - We utilize derivatives to reduce our market-risk exposure to commodity price and interest-rate fluctuations and to achieve more predictable cash flows. We record all derivative instruments at fair value, with the exception of normal purchases and normal sales transactions that are expected to result in physical delivery. Commodity price and interest-rate volatility may have a significant impact on the fair value of derivative instruments as of a given date. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, if so, the reason for holding it. The table below summarizes the various ways in which we account for our derivative instruments and the impact on our Consolidated Financial Statements:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:22.438%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.987%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:34.429%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Recognition and Measurement</span></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Accounting Treatment</span></td><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Balance Sheet</span></td><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Income Statement</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Normal purchases and<br/>normal sales</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fair value not recorded</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in fair value not recognized in earnings</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mark-to-market</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Recorded at fair value</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in fair value recognized in earnings</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash flow hedge</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The gain or loss on the<br/>derivative instrument is reported initially as a<br/>component of accumulated other<br/>comprehensive income (loss)</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The gain or loss on the derivative instrument is reclassified out of accumulated other comprehensive income (loss) into earnings when the forecasted transaction affects earnings</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fair value hedge</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Recorded at fair value</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The gain or loss on the derivative instrument is<br/>recognized in earnings</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change in fair value of the hedged item is<br/>recorded as an adjustment to book value</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change in fair value of the hedged item is<br/>recognized in earnings</span></td></tr></table></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To reduce our exposure to fluctuations in natural gas, NGLs and condensate prices, we periodically enter into futures, forward purchases and sales, options or swap transactions in order to hedge anticipated purchases and sales of natural gas, NGLs and condensate. Interest-rate swaps are used from time to time to manage interest-rate risk. Under certain conditions, we designate our derivative instruments as a hedge of exposure to changes in fair values or cash flows. We formally document all relationships between hedging instruments and hedged items, as well as risk-management objectives and strategies for undertaking various hedge transactions, and methods for assessing and testing correlation and hedge effectiveness. We specifically identify the forecasted transaction that has been designated as the hedged item in a cash flow hedge relationship. We assess hedging relationships at the inception of the hedge and on an ongoing basis to determine whether the hedging relationship is, and is expected to remain, highly effective. We also document our normal purchases and normal sales transactions that we expect to result in physical delivery and that we elect to exempt from derivative accounting treatment.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The realized revenues and purchase costs of our derivative instruments not considered held for trading purposes and derivatives that qualify as normal purchases or normal sales that are expected to result in physical delivery are reported on a gross basis. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash flows from futures, forwards, options and swaps that are accounted for as hedges are included in the same category as the cash flows from the related hedged items in our Consolidated Statements of Cash Flows.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See Notes C and D for disclosures of our fair value measurements and risk-management and hedging activities, respectively.</span></div>
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CY2021Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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IncomeLossFromEquityMethodInvestments
143241000 usd
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
805032000 usd
CY2020Q4 us-gaap Assets
Assets
23078754000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2195381000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1722221000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
1499706000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
612809000 usd
CY2022 us-gaap Interest Expense
InterestExpense
675946000 usd
CY2021 us-gaap Interest Expense
InterestExpense
732924000 usd
CY2020 us-gaap Interest Expense
InterestExpense
712886000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
626132000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
621701000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
578662000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
527424000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
484498000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
189507000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
644930000 usd
CY2022 us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
70502000 usd
CY2021 us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
42592000 usd
CY2020 us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
8540000 usd
CY2022 oke Other Corporate Costsand Noncash Items
OtherCorporateCostsandNoncashItems
-1948000 usd
CY2021 oke Other Corporate Costsand Noncash Items
OtherCorporateCostsandNoncashItems
-845000 usd
CY2020 oke Other Corporate Costsand Noncash Items
OtherCorporateCostsandNoncashItems
-42631000 usd
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
22300000 usd
CY2022 dei Auditor Firm
AuditorFirmId
238

Files In Submission

Name View Source Status
oke-20221231_cal.xml Edgar Link unprocessable
oke-20221231_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
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0001039684-23-000016.txt Edgar Link pending
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eip-2023psuawardagreemen.htm Edgar Link pending
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