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ONEOK's quarterly net PPE increased from Jun. 2024 ($33,415 Mil) to Sep. 2024 ($33,613 Mil) and increased from Sep. 2024 ($33,613 Mil) to Dec. 2024 ($45,935 Mil).
ONEOK's annual net PPE increased from Dec. 2022 ($19,952 Mil) to Dec. 2023 ($32,697 Mil) and increased from Dec. 2023 ($32,697 Mil) to Dec. 2024 ($45,935 Mil).
The historical data trend for ONEOK's Property, Plant and Equipment can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ONEOK Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial |
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19,154.93 | 19,319.87 | 19,952.00 | 32,697.00 | 45,935.00 |
ONEOK Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Property, Plant and Equipment | Get a 7-Day Free Trial |
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32,697.00 | 32,807.00 | 33,415.00 | 33,613.00 | 45,935.00 |
Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.
Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.
Some of the most common parts of property, plant, and equipment are:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.
The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.
For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.
All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.
The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.
ONEOK (NYSE:OKE) Property, Plant and Equipment Explanation
A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.
Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.
Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.
Thank you for viewing the detailed overview of ONEOK's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Pattye L Moore | director | 100 WEST FIFTH STREET, TULSA OK 74103 |
Wayne Thomas Smith | director | 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106 |
Eduardo A Rodriguez | director | 100 WEST FIFTH STREET, TULSA OK 74103 |
Lyndon C Taylor | officer: See Remarks | 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102 |
James R Hoskin | officer: See Remarks | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
Lori Gobillot | director | 5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042 |
Janet L. Hogan | officer: Senior Vice President HR | 2307 OREGON STREET, OSHKOSH WI 54902 |
Pierce Norton | director, officer: President & CEO | 100 W. 5TH STREET, TULSA OK 74103 |
Brian L Derksen | director | 100 W. 5TH ST., TULSA OK 74103 |
Scott D Schingen | officer: Senior VP Operations | 100 WEST 5TH STREET, TULSA OK 74103 |
Mark W Helderman | director | 100 W. 5TH ST., TULSA OK 74102 |
Mary M Spears | officer: VP & CHIEF ACCOUNTING OFFICER | 100 W. 5TH ST., TULSA OK 74103 |
John William Gibson | director, officer: CEO | 100 WEST FIFTH STREET, TULSA OK 74103 |
Gary David Parker | director | 100 W. 5TH ST., TULSA OK 74103 |
Terry K Spencer | officer: OKS - COO | 100 W. 5TH ST., TULSA OK 74103 |
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