ONEOK (OKE) FY2021 results: revenue $16.5 billion, up 93.6% on the year
ONEOK Inc. (OKE) reported revenue of $16.5 billion for fiscal 2021, the year ended 31 December 2021, up 93.6% on the year before. Net income was $1.5 billion, up 144.5%, and diluted earnings per share $3.35. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$16.5 billion
+93.6% on the year
FY2014FY2021
Operating margin
15.7%
15.9% a year earlier
FY2014FY2021
Net income
$1.5 billion
+144.5% on the year
FY2014FY2021
Diluted EPS
$3.35
+135.9% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,546
1,899
1,947
+34.1%
Capital expenditure
697
2,195
3,848
-68.3%
Free cash flow
1,849
-296
-1,902
Free cash flow margin
11.2%
-3.5%
-18.7%
Cash from investing
-665
-2,271
-3,769
Cash from financing
-2,259
875
1,831
Depreciation and amortisation
622
579
477
+7.4%
Share-based compensation
54.1
29.4
37.1
+84.0%
Dividends paid
1,667
1,605
1,458
+3.9%
Dividend per share
$3.74
$3.74
$3.53
0.0%
Diluted shares, weighted
447m
432m
415m
+3.6%
Shares outstanding at period end
446m
445m
413m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,015
6,042
6,226
-0.5%
Non-controlling interest
0.8
n/a
n/a
Short-term borrowings
0.0
0.0
n/a
Debt
13,600
14,200
12,707
-4.2%
Operating lease liabilities
75.6
87.6
13.5
-13.7%
Finance lease liabilities
n/a
n/a
24.3
Other liabilities
3,930
2,749
2,841
+43.0%
Total liabilities and equity
23,622
23,079
21,812
+2.4%
Fixed assets
19,320
19,155
18,349
+0.9%
Goodwill
528
528
681
0.0%
Intangible assets
236
246
277
-4.2%
Cash and equivalents
146
524
21.0
-72.1%
Receivables
1,442
830
835
+73.8%
Inventory
428
228
305
+87.8%
Other assets
1,522
1,568
1,345
-2.9%
Total assets
23,622
23,079
21,812
+2.4%
10-K for the year ended 31 December 2021, filed 1 March 2022: the filing.