10-QPeriod: Q2 FY2001

ONEOK INC /NEW/ Quarterly Report for Q2 Ended Jun 30, 2001

Filed August 13, 2001For Securities:OKE

Summary

ONEOK Inc.'s (OKE) second quarter 2001 report indicates a challenging operating environment, with performance reflecting the broader economic slowdown impacting the energy sector. While specific financial figures for revenue and net income are detailed in the unaudited financial statements, the overarching narrative suggests that the company is navigating a period of reduced demand and potentially lower commodity prices. Investors should pay close attention to the Management's Discussion and Analysis (MD&A) for a deeper understanding of the factors influencing these results and management's strategies to address them. The report also highlights the company's financial position as of June 30, 2001, through its consolidated balance sheets. Investors would be wise to review the balance sheet for insights into the company's asset base, liabilities, and overall financial health. Furthermore, the Consolidated Statements of Cash Flows provides crucial information on the company's ability to generate cash from its operating, investing, and financing activities, which is a key indicator of financial sustainability and flexibility.

Key Highlights

  • 1The report covers the financial performance for the three and six months ended June 30, 2001, providing a mid-year update for investors.
  • 2Unaudited Consolidated Statements of Income detail revenue, cost of goods sold, operating expenses, and net income for the periods presented.
  • 3Consolidated Balance Sheets offer a snapshot of ONEOK's assets, liabilities, and equity as of June 30, 2001, compared to year-end 2000.
  • 4Consolidated Statements of Cash Flows illustrate the sources and uses of cash for operating, investing, and financing activities during the first half of 2001.
  • 5Management's Discussion and Analysis (MD&A) provides narrative context for the financial results, discussing trends, uncertainties, and liquidity.
  • 6The filing includes disclosures on market risk, detailing exposure to interest rate, commodity, and foreign currency risks.
  • 7Information on legal proceedings is presented, which could have a material impact on the company's financial position.

Frequently Asked Questions

The unaudited financial statements for the three and six months ended June 30, 2001, detail ONEOK Inc.'s revenues, expenses, and net income. Investors should refer to the Consolidated Statements of Income for specific figures, but the Management's Discussion and Analysis section will provide crucial context on the factors influencing this performance, likely reflecting the broader economic conditions in the energy sector at that time.

The Consolidated Balance Sheets as of June 30, 2001, and December 31, 2000, provide insight into ONEOK's financial structure. Investors should examine the levels of assets, liabilities, and equity to assess the company's solvency, liquidity, and overall financial stability at the mid-year point.

The Consolidated Statements of Cash Flows for the six months ended June 30, 2001, and 2000, are vital for understanding the company's cash generation capabilities. Investors can analyze cash flows from operations, investing activities (such as capital expenditures), and financing activities (like debt and equity issuance or repayment) to gauge the company's financial flexibility and sustainability.

The report addresses market risk, including exposure to interest rate, commodity, and foreign currency fluctuations. Additionally, Part II, Item 1, details any ongoing legal proceedings that could potentially impact the company's financial condition. Investors should review these sections carefully for potential material exposures.