EdgeScore

OGS · NYSE

ONE Gas, Inc.: financial statements

Financially weak · see the checkFigures in USD, fiscal years

Revenue and net income

Revenue 2017: $1.5BNet income 2017: $163M2017Revenue 2018: $1.6BNet income 2018: $172M2018Revenue 2019: $1.7BNet income 2019: $187M2019Revenue 2020: $1.5BNet income 2020: $196M2020Revenue 2021: $1.8BNet income 2021: $206M2021Revenue 2022: $2.6BNet income 2022: $222M2022
RevenueNet income

Operating and free cash flow

Operating cash flow 2017: $254MFree cash flow 2017: -$103M2017Operating cash flow 2018: $468MFree cash flow 2018: $73.2M2018Operating cash flow 2019: $310MFree cash flow 2019: -$107M2019Operating cash flow 2020: $365MFree cash flow 2020: -$107M2020Operating cash flow 2021: -$1.5BFree cash flow 2021: -$2.0B2021Operating cash flow 2022: $1.6BFree cash flow 2022: $961M2022
Operating cash flowFree cash flow

Margins

Gross 2017: 60.1%Gross 2020: 64.9%Gross 2021: 57.1%Gross 2022: 43.4%Operating 2017: 20.6%Operating 2018: 17.7%Operating 2019: 17.9%Operating 2020: 19.8%Operating 2021: 17.2%Operating 2022: 13.6%Net 2017: 10.6%Net 2018: 10.5%Net 2019: 11.3%Net 2020: 12.8%Net 2021: 11.4%Net 2022: 8.6%201720182019202020212022
GrossOperatingNet

Returns

ROE 2017: 8.3%ROE 2018: 8.4%ROE 2019: 8.8%ROE 2020: 8.8%ROE 2021: 8.8%ROE 2022: 8.6%ROIC 2017: 5.8%ROIC 2018: 6.2%ROIC 2019: 6.4%ROIC 2020: 6.1%ROIC 2021: 4.8%ROIC 2022: 4.7%ROA 2017: 3.1%ROA 2018: 3.1%ROA 2019: 3.3%ROA 2020: 3.3%ROA 2021: 2.5%ROA 2022: 2.9%201720182019202020212022
ROEROICROA

Income statement

USD201720182019202020212022Last year
Revenue$1.5B$1.6B$1.7B$1.5B$1.8B$2.6B+43%
Gross profit$925M——$993M$1.0B$1.1B+8%
Operating income$317M$288M$295M$304M$310M$350M+13%
EBITDA$317M$288M$295M$304M$310M$350M+13%
Interest expense$46.1M$51.3M$62.7M$62.5M$60.3M$77.5M+29%
Profit before tax$256M$226M$230M$238M$247M$268M+9%
Income tax$93.1M$53.5M$42.9M$41.6M$40.3M$46.5M+15%
Net income$163M$172M$187M$196M$206M$222M+7%

Cash flow

USD201720182019202020212022Last year
Operating cash flow$254M$468M$310M$365M-$1.5B$1.6B+202%
Capital expenditure$356M$394M$417M$471M$495M$609M+23%
Free cash flow-$103M$73.2M-$107M-$107M-$2.0B$961M+147%

Balance sheet

USD201720182019202020212022Last year
Cash$14.4M$21.3M$17.9M$8.0M$8.9M$9.7M+9%
Current assets$589M$543M$506M$540M$2.2B$1.2B-45%
Total assets$5.2B$5.5B$5.7B$6.0B$8.4B$7.8B-7%
Current liabilities$673M$699M$873M$797M$980M$1.2B+21%
Financial debt$1.6B$1.6B$1.8B$2.0B$4.2B$3.3B-22%
Total liabilities$3.2B$3.4B$3.6B$3.8B$6.1B$5.2B-14%
Shareholders' equity$2.0B$2.0B$2.1B$2.2B$2.3B$2.6B+10%
Net debt$1.5B$1.6B$1.8B$2.0B$4.2B$3.2B-23%

Dividend profile

Paying in a row
7+ years
Raised in a row
6 years
Growth per year
8.1%
Paid out of profit
59.6%
Paid out of free cash
n/a

Latest dividend per share: 2.48 USD. Without share prices EdgeScore shows no dividend yield.

Dividends

USD201720182019202020212022Last year
Dividends paid$88.0M$96.6M$105M$114M$124M$134M+8%
Dividend per share1.681.842.002.162.322.48
Dividends / net income54.0%56.1%56.5%58.2%60.0%60.4%
Dividends / free cash flow—131.9%———13.9%

Ratios

201720182019202020212022Last year
Gross margin60.1%——64.9%57.1%43.4%
Operating margin20.6%17.7%17.9%19.8%17.2%13.6%
Net margin10.6%10.5%11.3%12.8%11.4%8.6%
Return on equity8.3%8.4%8.8%8.8%8.8%8.6%
Return on assets3.1%3.1%3.3%3.3%2.5%2.9%
Return on invested capital5.8%6.2%6.4%6.1%4.8%4.7%
Debt / equity0.790.780.850.901.791.26
Net debt / EBITDA4.9x5.5x6.1x6.6x13.5x9.3x
Interest coverage6.9x5.6x4.7x4.9x5.1x4.5x
Current ratio0.870.780.580.682.271.02
Quick ratio0.870.780.580.682.271.02

Data source: SEC EDGAR, company annual reports. Lines a company does not report are left empty. Free cash flow is operating cash flow minus capital expenditure. Ratios use the same formulas as the EdgeScore check.

For information and education only. Not investment advice. Data may contain errors.