ONEOK (OKE) FY2015 results: revenue $7.8 billion, down 36.3% on the year
ONEOK Inc. (OKE) reported revenue of $7.8 billion for fiscal 2015, the year ended 31 December 2015, down 36.3% on the year before. Net income was $245 million, down 22.0%, and diluted earnings per share $1.16. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2016.
Revenue
$7.8 billion
-36.3% on the year
FY2008FY2015
Operating margin
12.8%
9.4% a year earlier
FY2008FY2015
Net income
$245 million
-22.0% on the year
FY2008FY2015
Diluted EPS
$1.16
-22.1% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
7,763
12,195
11,872
-36.3%
Cost of revenue
5,641
10,089
10,222
-44.1%
Gross profit
2,122
2,107
1,650
+0.7%
Gross margin
27.3%
17.3%
13.9%
Operating income
996
1,144
881
-12.9%
Operating margin
12.8%
9.4%
7.4%
Interest expense
417
356
271
+17.0%
Pre-tax income
522
820
755
-36.3%
Income tax
137
151
166
-9.6%
Effective tax rate
26.2%
18.4%
22.0%
Net income
245
314
267
-22.0%
Net margin
3.2%
2.6%
2.2%
Diluted EPS
$1.16
$1.49
$1.27
-22.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,023
1,286
1,295
-20.4%
Capital expenditure
1,188
1,779
2,257
-33.2%
Free cash flow
-165
-494
-962
Free cash flow margin
-2.1%
-4.0%
-8.1%
Cash from investing
-1,191
-2,566
-2,642
Cash from financing
92.7
1,304
913
-92.9%
Depreciation and amortisation
355
295
239
+20.3%
Share-based compensation
16.4
26.2
46.2
-37.3%
Buybacks
n/a
0.0
0.0
Dividends paid
509
444
305
+14.7%
Dividend per share
$2.43
$2.12
$1.48
+14.4%
Diluted shares, weighted
211m
210m
210m
+0.1%
Shares outstanding at period end
210m
208m
207m
+0.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
336
592
2,338
-43.3%
Non-controlling interest
3,431
3,414
2,507
+0.5%
Debt
8,981
8,216
8,329
+9.3%
Other liabilities
2,699
3,040
4,534
-11.2%
Total liabilities and equity
15,446
15,262
17,708
+1.2%
Fixed assets
12,374
11,662
9,232
+6.1%
Goodwill
526
526
526
0.0%
Intangible assets
492
489
499
+0.5%
Cash and equivalents
97.6
173
146
-43.5%
Receivables
594
745
1,110
-20.3%
Inventory
128
134
188
-4.5%
Other assets
1,235
1,532
6,008
-19.4%
Total assets
15,446
15,262
17,708
+1.2%
10-K for the year ended 31 December 2015, filed 23 February 2016: the filing.