10-Q Filing

ONE Gas, Inc. CIK: 1587732 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001587732-18-000026`
Period End Date	20180331
Filing Date	20180501
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ogs-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 40 Cash Flow Statement 60 Stockholders Equity 14 Comprehensive Income 2

Balance Sheet 94 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
Common stock, shares issued	`CommonStockSharesIssued`	52.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.47M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.31M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	128,125.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	285,489.00	shares	Point-in-time
Debt issuance costs	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$8.03M	USD	Point-in-time
Debt issuance costs	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$7.82M	USD	Point-in-time
Property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentPlantInService`	$5.78B	USD	Point-in-time
Property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentPlantInService`	$5.71B	USD	Point-in-time
Accumulated depreciation and amortization	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$1.73B	USD	Point-in-time
Accumulated depreciation and amortization	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$1.71B	USD	Point-in-time
Net property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$4.01B	USD	Point-in-time
Net property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$4.06B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.54M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.41M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$303.49M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$298.77M	USD	Point-in-time
Materials and supplies	`MaterialsSuppliesAndOther`	$39.67M	USD	Point-in-time
Materials and supplies	`MaterialsSuppliesAndOther`	$35.06M	USD	Point-in-time
Natural gas in storage	`PublicUtilitiesInventory`	$130.15M	USD	Point-in-time
Natural gas in storage	`PublicUtilitiesInventory`	$50.56M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsCurrent`	$49.30M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsCurrent`	$88.18M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.75M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$588.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$501.70M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsNoncurrent`	$394.72M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsNoncurrent`	$405.19M	USD	Point-in-time
Goodwill	`Goodwill`	$157.95M	USD	Point-in-time
Goodwill	`Goodwill`	$157.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$48.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$47.16M	USD	Point-in-time
Total goodwill and other assets	`Totalgoodwillandotherassets`	$601.08M	USD	Point-in-time
Total goodwill and other assets	`Totalgoodwillandotherassets`	$610.30M	USD	Point-in-time
Total assets	`Assets`	$5.16B	USD	Point-in-time
Total assets	`Assets`	$5.21B	USD	Point-in-time
Common stock, $0.01 par value: authorized 250,000,000 shares; issued 52,598,005 shares and outstanding 52,469,880 shares at March 31, 2018; issued 52,598,005 and outstanding 52,312,516 at December 31, 2017	`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 52,469,880 shares at March 31, 2018; issued 52,598,005 and outstanding 52,312,516 at December 31, 2017	`CommonStockValue`	$526.00K	USD	Point-in-time
Paid-in Capital	`AdditionalPaidInCapital`	$1.74B	USD	Point-in-time
Paid-in Capital	`AdditionalPaidInCapital`	$1.72B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$312.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$246.12M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.49M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.57M	USD	Point-in-time
Treasury stock, at cost: 128,125 shares at March 31, 2018 and 285,489 shares at December 31, 2017	`TreasuryStockValue`	$8.30M	USD	Point-in-time
Treasury stock, at cost: 128,125 shares at March 31, 2018 and 285,489 shares at December 31, 2017	`TreasuryStockValue`	$18.50M	USD	Point-in-time
Total equity	`StockholdersEquity`	$2.02B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.96B	USD	Point-in-time
Long-term debt, excluding current maturities and net issuance costs of $7,824 and $8,033, respectively	`LongTermDebtNoncurrent`	$893.46M	USD	Point-in-time
Long-term debt, excluding current maturities and net issuance costs of $7,824 and $8,033, respectively	`LongTermDebtNoncurrent`	$1.19B	USD	Point-in-time
Total equity and long-term debt	`CapitalizationLongtermDebtAndEquity`	$2.91B	USD	Point-in-time
Total equity and long-term debt	`CapitalizationLongtermDebtAndEquity`	$3.15B	USD	Point-in-time
Long-term Debt, Current Maturities	`LongTermDebtCurrent`	$300.01M	USD	Point-in-time
Long-term Debt, Current Maturities	`LongTermDebtCurrent`	$8.00K	USD	Point-in-time
Notes payable	`CommercialPaper`	$282.61M	USD	Point-in-time
Notes payable	`CommercialPaper`	$357.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$143.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$77.57M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$7.67M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$18.78M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$41.32M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$47.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.84M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$30.06M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$60.81M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$61.86M	USD	Point-in-time
Regulatory Liability, Current	`RegulatoryLiabilityCurrent`	$9.44M	USD	Point-in-time
Regulatory Liability, Current	`RegulatoryLiabilityCurrent`	$44.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$10.39M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$673.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$844.71M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$599.95M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$625.72M	USD	Point-in-time
Regulatory Liability, Noncurrent	`RegulatoryLiabilityNoncurrent`	$519.42M	USD	Point-in-time
Regulatory Liability, Noncurrent	`RegulatoryLiabilityNoncurrent`	$518.10M	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$166.61M	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$172.94M	USD	Point-in-time
Other deferred credits	`OtherLiabilitiesNoncurrent`	$87.78M	USD	Point-in-time
Other deferred credits	`OtherLiabilitiesNoncurrent`	$89.54M	USD	Point-in-time
Total deferred credits and other liabilities	`TotalDeferredCreditsAndOtherLiabilities`	$1.40B	USD	Point-in-time
Total deferred credits and other liabilities	`TotalDeferredCreditsAndOtherLiabilities`	$1.38B	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`	$5.16B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.21B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues from contracts with customers	`RegulatedOperatingRevenueGas`	$635.24M	USD	1 Quarter
Revenues from contracts with customers	`RegulatedOperatingRevenueGas`	$536.16M	USD	1 Quarter
Other revenue	`RegulatedOperatingRevenueOther`	$3.23M	USD	1 Quarter
Other revenue	`RegulatedOperatingRevenueOther`	$14.25M	USD	1 Quarter
Regulated Operating Revenue	`RegulatedOperatingRevenue`	$638.46M	USD	1 Quarter
Regulated Operating Revenue	`RegulatedOperatingRevenue`	$550.41M	USD	1 Quarter
Cost of natural gas	`UtilitiesOperatingExpenseGasAndPetroleumPurchased`	$263.15M	USD	1 Quarter
Cost of natural gas	`UtilitiesOperatingExpenseGasAndPetroleumPurchased`	$350.42M	USD	1 Quarter
Net margin	`GrossProfit`	$288.05M	USD	1 Quarter
Net margin	`GrossProfit`	$287.25M	USD	1 Quarter
Operations and maintenance	`UtilitiesOperatingExpenseMaintenanceAndOperations`	$105.04M	USD	1 Quarter
Operations and maintenance	`UtilitiesOperatingExpenseMaintenanceAndOperations`	$102.67M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$37.02M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$38.89M	USD	1 Quarter
General taxes	`UtilitiesOperatingExpenseTaxes`	$15.75M	USD	1 Quarter
General taxes	`UtilitiesOperatingExpenseTaxes`	$16.20M	USD	1 Quarter
Total operating expenses	`UtilitiesOperatingExpense`	$157.75M	USD	1 Quarter
Total operating expenses	`UtilitiesOperatingExpense`	$157.81M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$129.44M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$130.29M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.41M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-2.16M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$11.48M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$12.35M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$115.77M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$114.56M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$38.10M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$24.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$90.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.46M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.45	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.73	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.72	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.44	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.58M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.06M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.90M	shares	1 Quarter
Dividends declared per share of stock	`CommonStockDividendsPerShareCashPaid`	$0.46	USD	1 Quarter
Dividends declared per share of stock	`CommonStockDividendsPerShareCashPaid`	$0.42	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$90.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.46M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$37.02M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$38.89M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$37.46M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$24.08M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$2.42M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.95M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.72M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.28M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-39.51M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$7.45M	USD	1 Quarter
Materials and supplies	`IncreaseDecreaseInMaterialsAndSupplies`	$204.00K	USD	1 Quarter
Materials and supplies	`IncreaseDecreaseInMaterialsAndSupplies`	$-4.61M	USD	1 Quarter
Natural gas in storage	`IncreaseDecreaseInInventories`	$-79.60M	USD	1 Quarter
Natural gas in storage	`IncreaseDecreaseInInventories`	$-34.20M	USD	1 Quarter
Asset removal costs	`PaymentsForRemovalCosts`	$10.39M	USD	1 Quarter
Asset removal costs	`PaymentsForRemovalCosts`	$7.44M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-56.41M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-53.96M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-11.19M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-11.11M	USD	1 Quarter
Accrued taxes other than income	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$6.15M	USD	1 Quarter
Accrued taxes other than income	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-5.14M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-17.22M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.46M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$736.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.05M	USD	1 Quarter
Regulatory assets and liabilities	`IncreaseDecreaseInRegulatoryAssetsAndLiabilities`	$-20.70M	USD	1 Quarter
Regulatory assets and liabilities	`IncreaseDecreaseInRegulatoryAssetsAndLiabilities`	$-83.72M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$10.69M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.79M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$162.24M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$223.28M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$70.47M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$86.60M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-61.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.41M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-86.60M	USD	1 Quarter
Repayments of notes payable, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-59.60M	USD	1 Quarter
Repayments of notes payable, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-74.61M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.47M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$22.03M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$24.14M	USD	1 Quarter
Tax withholdings related to net share settlements of stock compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-9.18M	USD	1 Quarter
Tax withholdings related to net share settlements of stock compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-7.82M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-106.56M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-93.28M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.12M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.46M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.54M	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 beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.54M	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
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.41M	USD	Point-in-time

Stockholders Equity 14 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`	$2.02B	USD	Point-in-time
Equity, beginning balance	`StockholdersEquity`	$1.96B	USD	Point-in-time
Net income	`NetIncomeLoss`	$90.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.46M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-80.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$129.00K	USD	1 Quarter
Common stock issued, value	`StockIssuedDuringPeriodValueNewIssues`	$-5.88M	USD	1 Quarter
Common stock dividends - $0.46 per share	`DividendsCommonStock`	$24.14M	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`	$2.02B	USD	Point-in-time
Equity, ending balance	`StockholdersEquity`	$1.96B	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Pension and other postemployment benefit plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-351.00K	USD	1 Quarter
Pension and other postemployment benefit plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-80.00K	USD	1 Quarter

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