ONEOK (OKE) FY2023 results: revenue $17.7 billion, down 21.0% on the year
ONEOK Inc. (OKE) reported revenue of $17.7 billion for fiscal 2023, the year ended 31 December 2023, down 21.0% on the year before. Net income was $2.7 billion, up 54.4%, and diluted earnings per share $5.48. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$17.7 billion
-21.0% on the year
FY2016FY2023
Operating margin
23.0%
12.5% a year earlier
FY2016FY2023
Net income
$2.7 billion
+54.4% on the year
FY2016FY2023
Diluted EPS
$5.48
+42.7% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
4,421
2,906
2,546
+52.1%
Capital expenditure
1,595
1,202
697
+32.7%
Free cash flow
2,826
1,704
1,849
+65.9%
Free cash flow margin
16.0%
7.6%
11.2%
Cash from investing
-6,404
-1,139
-665
Cash from financing
2,101
-1,693
-2,259
Depreciation and amortisation
769
626
622
+22.8%
Share-based compensation
63.0
53.0
54.1
+18.9%
Buybacks
0.0
0.0
n/a
Dividends paid
1,839
1,672
1,667
+10.0%
Dividend per share
$3.82
$3.74
$3.74
+2.1%
Diluted shares, weighted
485m
448m
447m
+8.2%
Shares outstanding at period end
583m
447m
446m
+30.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
16,484
6,494
6,015
+153.8%
Non-controlling interest
0.0
0.1
0.8
Short-term borrowings
0.0
n/a
0.0
Debt
21,700
13,600
13,600
+59.6%
Operating lease liabilities
74.0
68.1
75.6
+8.6%
Other liabilities
6,008
4,217
3,930
+42.5%
Total liabilities and equity
44,266
24,379
23,622
+81.6%
Fixed assets
32,697
19,953
19,320
+63.9%
Goodwill
4,952
528
528
+838.6%
Intangible assets
1,316
225
236
+484.2%
Cash and equivalents
338
220
146
+53.5%
Receivables
1,705
1,532
1,442
+11.3%
Inventory
639
432
428
+48.0%
Other assets
2,619
1,489
1,522
+75.8%
Total assets
44,266
24,379
23,622
+81.6%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.