10-Q Filing

ONE Gas, Inc. CIK: 1587732 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001587732-17-000023`
Period End Date	20170331
Filing Date	20170502
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	ogs-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 38 Cash Flow Statement 62 Stockholders Equity 16 Comprehensive Income 2

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentPlantInService`	$5.47B	USD	Point-in-time
Property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentPlantInService`	$5.40B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.60M	shares	Point-in-time
Accumulated depreciation and amortization	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$1.67B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.43M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.28M	shares	Point-in-time
Accumulated depreciation and amortization	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$1.69B	USD	Point-in-time
Net property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$3.77B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	166,091.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	314,745.00	shares	Point-in-time
Net property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$3.73B	USD	Point-in-time
Debt issuance costs	`DebtIssuanceCosts`	$8.85M	USD	Annual
Debt issuance costs	`DebtIssuanceCosts`	$8.65M	USD	1 Quarter
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.66M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$249.16M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$290.94M	USD	Point-in-time
Materials and supplies	`MaterialsSuppliesAndOther`	$34.08M	USD	Point-in-time
Materials and supplies	`MaterialsSuppliesAndOther`	$34.29M	USD	Point-in-time
Natural gas in storage	`PublicUtilitiesInventory`	$125.43M	USD	Point-in-time
Natural gas in storage	`PublicUtilitiesInventory`	$91.23M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsCurrent`	$74.64M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsCurrent`	$83.15M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.65M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$481.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$568.92M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsNoncurrent`	$430.34M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsNoncurrent`	$440.52M	USD	Point-in-time
Goodwill	`Goodwill`	$157.95M	USD	Point-in-time
Goodwill	`Goodwill`	$157.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$43.77M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.56M	USD	Point-in-time
Total goodwill and other assets	`Totalgoodwillandotherassets`	$634.85M	USD	Point-in-time
Total goodwill and other assets	`Totalgoodwillandotherassets`	$642.25M	USD	Point-in-time
Total assets	`Assets`	$4.94B	USD	Point-in-time
Total assets	`Assets`	$4.89B	USD	Point-in-time
Common stock, $0.01 par value: authorized 250,000,000 shares; issued 52,598,005 shares and outstanding 52,431,914 shares at March 31, 2017; issued 52,598,005 and outstanding 52,283,260 at December 31, 2016	`CommonStockValue`	$526.00K	USD	Point-in-time
Common stock, $0.01 par value: authorized 250,000,000 shares; issued 52,598,005 shares and outstanding 52,431,914 shares at March 31, 2017; issued 52,598,005 and outstanding 52,283,260 at December 31, 2016	`CommonStockValue`	$526.00K	USD	Point-in-time
Paid-in Capital	`AdditionalPaidInCapital`	$1.75B	USD	Point-in-time
Paid-in Capital	`AdditionalPaidInCapital`	$1.73B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$161.02M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$226.19M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.71M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.59M	USD	Point-in-time
Treasury stock, at cost: 166,091 shares at March 31, 2017 and 314,745 shares at December 31, 2016	`TreasuryStockValue`	$9.89M	USD	Point-in-time
Treasury stock, at cost: 166,091 shares at March 31, 2017 and 314,745 shares at December 31, 2016	`TreasuryStockValue`	$18.13M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.89B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.94B	USD	Point-in-time
Long-term debt, excluding current maturities and net issuance costs of $8,648 and $8,851, respectively	`LongTermDebtNoncurrent`	$1.19B	USD	Point-in-time
Long-term debt, excluding current maturities and net issuance costs of $8,648 and $8,851, respectively	`LongTermDebtNoncurrent`	$1.19B	USD	Point-in-time
Total equity and long-term debt	`CapitalizationLongtermDebtAndEquity`	$3.14B	USD	Point-in-time
Total equity and long-term debt	`CapitalizationLongtermDebtAndEquity`	$3.08B	USD	Point-in-time
Notes payable	`CommercialPaper`	$145.00M	USD	Point-in-time
Notes payable	`CommercialPaper`	$85.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$76.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$131.99M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$18.85M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$7.67M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$42.57M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$37.43M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$22.93M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$61.21M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$61.95M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$21.38M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$26.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$307.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$443.93M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.07B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.04B	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$300.54M	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$303.51M	USD	Point-in-time
Other deferred credits	`OtherLiabilitiesNoncurrent`	$76.06M	USD	Point-in-time
Other deferred credits	`OtherLiabilitiesNoncurrent`	$79.08M	USD	Point-in-time
Total deferred credits and other liabilities	`TotalDeferredCreditsAndOtherLiabilities`	$1.44B	USD	Point-in-time
Total deferred credits and other liabilities	`TotalDeferredCreditsAndOtherLiabilities`	$1.42B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.89B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.94B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RegulatedOperatingRevenueGas`	$508.36M	USD	1 Quarter
Revenues	`RegulatedOperatingRevenueGas`	$550.41M	USD	1 Quarter
Cost of natural gas	`UtilitiesOperatingExpenseGasAndPetroleumPurchased`	$235.73M	USD	1 Quarter
Cost of natural gas	`UtilitiesOperatingExpenseGasAndPetroleumPurchased`	$263.15M	USD	1 Quarter
Net margin	`GrossProfit`	$272.63M	USD	1 Quarter
Net margin	`GrossProfit`	$287.25M	USD	1 Quarter
Operations and maintenance	`UtilitiesOperatingExpenseMaintenanceAndOperations`	$109.36M	USD	1 Quarter
Operations and maintenance	`UtilitiesOperatingExpenseMaintenanceAndOperations`	$106.13M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$34.68M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$37.02M	USD	1 Quarter
General taxes	`UtilitiesOperatingExpenseTaxes`	$15.75M	USD	1 Quarter
General taxes	`UtilitiesOperatingExpenseTaxes`	$15.75M	USD	1 Quarter
Total operating expenses	`UtilitiesOperatingExpense`	$162.12M	USD	1 Quarter
Total operating expenses	`UtilitiesOperatingExpense`	$156.56M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$125.13M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$116.07M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$18.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$1.25M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$340.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$455.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$11.48M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$10.85M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$104.79M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$114.56M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$40.05M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$38.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$64.74M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.45	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.22	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.44	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.11M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.06M	shares	1 Quarter
Dividends declared per share of stock	`CommonStockDividendsPerShareCashPaid`	$0.42	USD	1 Quarter
Dividends declared per share of stock	`CommonStockDividendsPerShareCashPaid`	$0.35	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$76.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$64.74M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$34.68M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$37.02M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$37.46M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$16.11M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$4.10M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$2.42M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.28M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.38M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-19.80M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-39.51M	USD	1 Quarter
Materials and supplies	`IncreaseDecreaseInMaterialsAndSupplies`	$204.00K	USD	1 Quarter
Materials and supplies	`IncreaseDecreaseInMaterialsAndSupplies`	$-3.62M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.40M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-38.88M	USD	1 Quarter
Natural gas in storage	`IncreaseDecreaseInInventories`	$-34.20M	USD	1 Quarter
Natural gas in storage	`IncreaseDecreaseInInventories`	$-61.60M	USD	1 Quarter
Asset removal costs	`PaymentsForRemovalCosts`	$10.39M	USD	1 Quarter
Asset removal costs	`PaymentsForRemovalCosts`	$14.17M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-53.96M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-40.06M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-11.22M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-11.19M	USD	1 Quarter
Accrued taxes other than income	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-5.14M	USD	1 Quarter
Accrued taxes other than income	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$535.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-16.47M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.46M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$2.10M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$736.00K	USD	1 Quarter
Regulatory assets and liabilities	`IncreaseDecreaseInRegulatoryAssetsAndLiabilities`	$-18.64M	USD	1 Quarter
Regulatory assets and liabilities	`IncreaseDecreaseInRegulatoryAssetsAndLiabilities`	$593.00K	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.45M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-23.85M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$162.24M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$188.89M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$75.26M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$70.47M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-61.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-392.00K	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-74.87M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.41M	USD	1 Quarter
Repayments of notes payable, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-59.60M	USD	1 Quarter
Repayments of notes payable, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-12.50M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$24.07M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.47M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$18.38M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$22.03M	USD	1 Quarter
Tax withholdings related to net share settlements of stock compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-8.85M	USD	1 Quarter
Tax withholdings related to net share settlements of stock compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-9.18M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-63.80M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-93.28M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.46M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$50.22M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$52.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.21M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$52.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.21M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.66M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Shares issued, beginning balance	`CommonStockSharesIssued`	52.60M	shares	Point-in-time
Shares issued, beginning balance	`CommonStockSharesIssued`	52.60M	shares	Point-in-time
Equity, beginning balance	`StockholdersEquity`	$1.89B	USD	Point-in-time
Equity, beginning balance	`StockholdersEquity`	$1.94B	USD	Point-in-time
Cumulative effect of accounting change	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$10.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$64.74M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$116.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$129.00K	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$2.47M	USD	1 Quarter
Common stock issued, value	`StockIssuedDuringPeriodValueNewIssues`	$-6.77M	USD	1 Quarter
Common stock dividends - $0.42 per share	`DividendsCommonStock`	$22.03M	USD	1 Quarter
Shares issued, ending balance	`CommonStockSharesIssued`	52.60M	shares	Point-in-time
Shares issued, ending balance	`CommonStockSharesIssued`	52.60M	shares	Point-in-time
Equity, ending balance	`StockholdersEquity`	$1.89B	USD	Point-in-time
Equity, ending balance	`StockholdersEquity`	$1.94B	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Pension and other postemployment benefit plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-80.00K	USD	1 Quarter
Pension and other postemployment benefit plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-72.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.