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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Income Statement [Abstract] | |||
| Commodity Sales | $ 10,724,981us-gaap_SalesRevenueGoodsNet | $ 10,549,157us-gaap_SalesRevenueGoodsNet | $ 9,010,151us-gaap_SalesRevenueGoodsNet |
| Services | 1,470,110us-gaap_SalesRevenueServicesNet | 1,322,722us-gaap_SalesRevenueServicesNet | 1,173,970us-gaap_SalesRevenueServicesNet |
| Total revenues | 12,195,091us-gaap_Revenues | 11,871,879us-gaap_Revenues | 10,184,121us-gaap_Revenues |
| Cost of sales and fuel | 10,088,548us-gaap_CostOfRevenue | 10,222,213us-gaap_CostOfRevenue | 8,540,319us-gaap_CostOfRevenue |
| Net margin | 2,106,543us-gaap_GrossProfit | 1,649,666us-gaap_GrossProfit | 1,643,802us-gaap_GrossProfit |
| Operating expenses | |||
| Operations and maintenance | 599,143oke_OperationsAndMaintenance | 479,165oke_OperationsAndMaintenance | 437,650oke_OperationsAndMaintenance |
| Depreciation and amortization | 294,684us-gaap_DepreciationDepletionAndAmortization | 239,343us-gaap_DepreciationDepletionAndAmortization | 205,334us-gaap_DepreciationDepletionAndAmortization |
| General taxes | 75,744us-gaap_TaxesExcludingIncomeAndExciseTaxes | 62,421us-gaap_TaxesExcludingIncomeAndExciseTaxes | 54,075us-gaap_TaxesExcludingIncomeAndExciseTaxes |
| Total operating expenses | 969,571us-gaap_OperatingExpenses | 780,929us-gaap_OperatingExpenses | 697,059us-gaap_OperatingExpenses |
| Gain (loss) on sale of assets | 6,599us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 11,881us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 6,736us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
| Operating income | 1,143,571us-gaap_OperatingIncomeLoss | 880,618us-gaap_OperatingIncomeLoss | 953,479us-gaap_OperatingIncomeLoss |
| Equity earnings from investments (Note P) | 41,003us-gaap_IncomeLossFromEquityMethodInvestments | 110,517us-gaap_IncomeLossFromEquityMethodInvestments | 123,024us-gaap_IncomeLossFromEquityMethodInvestments |
| Allowance for equity funds used during construction | 14,937us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity | 30,522us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity | 13,648us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity |
| Other income | 5,598us-gaap_OtherNonoperatingIncome | 18,158us-gaap_OtherNonoperatingIncome | 8,639us-gaap_OtherNonoperatingIncome |
| Other expense | (29,073)us-gaap_OtherNonoperatingExpense | (13,999)us-gaap_OtherNonoperatingExpense | (2,646)us-gaap_OtherNonoperatingExpense |
| Interest Expense (net of capitalized interest of $54,813, $56,506 and $40,482, respectively) | (356,163)us-gaap_InterestExpense | (270,646)us-gaap_InterestExpense | (237,638)us-gaap_InterestExpense |
| Income before income taxes | 819,873us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 755,170us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 858,506us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| Income taxes (Note O) | (151,158)us-gaap_IncomeTaxExpenseBenefit | (166,080)us-gaap_IncomeTaxExpenseBenefit | (180,758)us-gaap_IncomeTaxExpenseBenefit |
| Income from continuing operations | 668,715us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 589,090us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 677,748us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest |
| Income from discontinued operations, net of tax (Note B) | (5,607)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax | (12,129)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax | 52,265us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax |
| Gain on sale of discontinued operations, net of tax (Note B) | 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax | 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax | 13,517us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax |
| Net income | 663,108us-gaap_ProfitLoss | 576,961us-gaap_ProfitLoss | 743,530us-gaap_ProfitLoss |
| Less: Net income attributable to noncontrolling interests | 349,001us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 310,428us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 382,911us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
| Net income attributable to ONEOK | 314,107us-gaap_NetIncomeLoss | 266,533us-gaap_NetIncomeLoss | 360,619us-gaap_NetIncomeLoss |
| Amounts attributable to ONEOK: | |||
| Income from continuing operations | 319,714us-gaap_IncomeLossFromContinuingOperations | 278,662us-gaap_IncomeLossFromContinuingOperations | 294,837us-gaap_IncomeLossFromContinuingOperations |
| Income (loss) from discontinued operations | (5,607)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | (12,129)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | 65,782us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity |
| Net Income | $ 314,107us-gaap_NetIncomeLoss | $ 266,533us-gaap_NetIncomeLoss | $ 360,619us-gaap_NetIncomeLoss |
| Basic earnings per share: | |||
| Income from continuing operations (Note L) | $ 1.53us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ 1.35us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ 1.43us-gaap_IncomeLossFromContinuingOperationsPerBasicShare |
| Income (loss) from discontinued operations | $ (0.03)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare | $ (0.06)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare | $ 0.32us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare |
| Net Income | $ 1.50us-gaap_EarningsPerShareBasic | $ 1.29us-gaap_EarningsPerShareBasic | $ 1.75us-gaap_EarningsPerShareBasic |
| Diluted earnings per share: | |||
| Income from continuing operations (Note L) | $ 1.52us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ 1.33us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ 1.40us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare |
| Income (loss) from discontinued operations | $ (0.03)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare | $ (0.06)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare | $ 0.31us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare |
| Net Income | $ 1.49us-gaap_EarningsPerShareDiluted | $ 1.27us-gaap_EarningsPerShareDiluted | $ 1.71us-gaap_EarningsPerShareDiluted |
| Average shares (thousands) | |||
| Basic | 209,391us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 206,044us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 206,140us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Diluted | 210,427us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 209,695us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 210,710us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| Dividends declared per share of common stock | $ 2.125us-gaap_CommonStockDividendsPerShareDeclared | $ 1.48us-gaap_CommonStockDividendsPerShareDeclared | $ 1.27us-gaap_CommonStockDividendsPerShareDeclared |
| X | ||||||||||
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- Definition
Expenses incurred for the administration, supervision, operation, maintenance, preservation, and protection of the entity's business. No definition available.
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The aggregate amount of other expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating expense recognized during the period. Such amounts may include: (a) unusual costs, (b) loss on foreign exchange transactions, (c) losses on securities (net of profits), and (d) miscellaneous other expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The component of the allowance for funds used during construction during the period based on an assumed rate of return on equity funds used in financing the construction of regulated assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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