ONEOK (OKE) FY2012 results: revenue $10.2 billion, down 10.1% on the year
ONEOK Inc. (OKE) reported revenue of $10.2 billion for fiscal 2012, the year ended 31 December 2012, down 10.1% on the year before. Net income was $361 million, unchanged, and diluted earnings per share $1.71. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$10.2 billion
-10.1% on the year
FY2007FY2012
Operating margin
9.4%
8.1% a year earlier
FY2007FY2012
Net income
$361 million
+0.0% on the year
FY2007FY2012
Diluted EPS
$1.71
+1.8% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
10,184
11,325
12,679
-10.1%
Cost of revenue
8,540
9,745
10,617
-12.4%
Gross profit
1,644
1,580
2,062
+4.1%
Gross margin
16.1%
13.9%
16.3%
Operating income
953
922
944
+3.4%
Operating margin
9.4%
8.1%
7.4%
Interest expense
238
240
292
-1.0%
Pre-tax income
859
806
754
+6.5%
Income tax
181
162
214
+11.9%
Effective tax rate
21.1%
20.0%
28.4%
Net income
361
361
335
+0.0%
Net margin
3.5%
3.2%
2.6%
Diluted EPS
$1.71
$1.68
$1.55
+1.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
984
1,356
834
-27.4%
Capital expenditure
1,866
1,336
583
+39.7%
Free cash flow
-882
20.1
251
Free cash flow margin
-8.7%
0.2%
2.0%
Cash from investing
-1,814
-1,372
-134
Cash from financing
1,339
59.2
-698
+2,160.4%
Depreciation and amortisation
205
180
307
+14.4%
Share-based compensation
36.7
66.4
24.4
-44.7%
Buybacks
150
300
0.0
-50.0%
Dividends paid
262
227
194
+15.4%
Dividend per share
$1.27
$1.08
$0.91
+17.6%
Diluted shares, weighted
211m
214m
216m
-1.8%
Shares outstanding at period end
205m
207m
214m
-0.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,130
2,239
2,449
-4.9%
Non-controlling interest
2,103
1,561
1,472
+34.7%
Debt
7,343
5,736
4,887
+28.0%
Other liabilities
4,325
4,161
3,692
+3.9%
Total liabilities and equity
15,901
13,697
12,499
+16.1%
Fixed assets
7,265
8,444
7,313
-14.0%
Goodwill
434
602
603
-28.0%
Intangible assets
405
412
420
-1.9%
Cash and equivalents
577
56.7
26.2
+918.0%
Receivables
935
1,340
1,284
-30.2%
Inventory
236
550
707
-57.1%
Other assets
6,050
2,292
2,146
+164.0%
Total assets
15,901
13,697
12,499
+16.1%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.