ONEOK (OKE) FY2016 results: revenue $8.9 billion, up 14.9% on the year
ONEOK Inc. (OKE) reported revenue of $8.9 billion for fiscal 2016, the year ended 31 December 2016, up 14.9% on the year before. Net income was $352 million, up 43.7%, and diluted earnings per share $1.66. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$8.9 billion
+14.9% on the year
FY2009FY2016
Operating margin
14.5%
12.8% a year earlier
FY2009FY2016
Net income
$352 million
+43.7% on the year
FY2009FY2016
Diluted EPS
$1.66
+43.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
8,921
7,763
12,195
+14.9%
Cost of revenue
6,496
5,641
10,089
+15.2%
Gross profit
2,425
2,122
2,107
+14.3%
Gross margin
27.2%
27.3%
17.3%
Operating income
1,296
996
1,144
+30.1%
Operating margin
14.5%
12.8%
9.4%
Interest expense
470
417
356
+12.7%
Pre-tax income
958
522
820
+83.6%
Income tax
212
137
151
+55.5%
Effective tax rate
22.2%
26.2%
18.4%
Net income
352
245
314
+43.7%
Net margin
3.9%
3.2%
2.6%
Diluted EPS
$1.66
$1.16
$1.49
+43.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,352
1,023
1,286
+32.1%
Capital expenditure
625
1,188
1,779
-47.4%
Free cash flow
727
-165
-494
Free cash flow margin
8.1%
-2.1%
-4.0%
Cash from investing
-615
-1,191
-2,566
Cash from financing
-587
92.7
1,304
Depreciation and amortisation
392
355
295
+10.4%
Share-based compensation
40.6
16.4
26.2
+146.8%
Buybacks
n/a
n/a
0.0
Dividends paid
518
509
444
+1.7%
Dividend per share
$2.46
$2.43
$2.12
+1.2%
Diluted shares, weighted
212m
211m
210m
+0.9%
Shares outstanding at period end
211m
210m
208m
+0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
189
336
592
-43.8%
Non-controlling interest
3,240
3,431
3,414
-5.5%
Debt
9,441
8,981
8,216
+5.1%
Other liabilities
3,269
2,699
3,040
+21.1%
Total liabilities and equity
16,139
15,446
15,262
+4.5%
Fixed assets
12,571
12,374
11,662
+1.6%
Goodwill
526
526
526
0.0%
Intangible assets
480
492
489
-2.4%
Cash and equivalents
249
97.6
173
+154.9%
Receivables
872
594
745
+46.9%
Inventory
140
128
134
+9.3%
Other assets
1,301
1,235
1,532
+5.3%
Total assets
16,139
15,446
15,262
+4.5%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.