ONEOK (OKE) FY2022 results: revenue $22.4 billion, up 35.3% on the year
ONEOK Inc. (OKE) reported revenue of $22.4 billion for fiscal 2022, the year ended 31 December 2022, up 35.3% on the year before. Net income was $1.7 billion, up 14.9%, and diluted earnings per share $3.84. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$22.4 billion
+35.3% on the year
FY2015FY2022
Operating margin
12.5%
15.7% a year earlier
FY2015FY2022
Net income
$1.7 billion
+14.9% on the year
FY2015FY2022
Diluted EPS
$3.84
+14.6% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,906
2,546
1,899
+14.1%
Capital expenditure
1,202
697
2,195
+72.5%
Free cash flow
1,704
1,849
-296
-7.9%
Free cash flow margin
7.6%
11.2%
-3.5%
Cash from investing
-1,139
-665
-2,271
Cash from financing
-1,693
-2,259
875
Depreciation and amortisation
626
622
579
+0.7%
Share-based compensation
53.0
54.1
29.4
-2.0%
Buybacks
0.0
n/a
n/a
Dividends paid
1,672
1,667
1,605
+0.2%
Dividend per share
$3.74
$3.74
$3.74
0.0%
Diluted shares, weighted
448m
447m
432m
+0.2%
Shares outstanding at period end
447m
446m
445m
+0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,494
6,015
6,042
+8.0%
Non-controlling interest
0.1
0.8
n/a
-86.3%
Short-term borrowings
n/a
0.0
0.0
Debt
13,600
13,600
14,200
0.0%
Operating lease liabilities
68.1
75.6
87.6
-10.0%
Other liabilities
4,217
3,930
2,749
+7.3%
Total liabilities and equity
24,379
23,622
23,079
+3.2%
Fixed assets
19,953
19,320
19,155
+3.3%
Goodwill
528
528
528
0.0%
Intangible assets
225
236
246
-4.4%
Cash and equivalents
220
146
524
+50.4%
Receivables
1,532
1,442
830
+6.3%
Inventory
432
428
228
+0.9%
Other assets
1,489
1,522
1,568
-2.2%
Total assets
24,379
23,622
23,079
+3.2%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.