10-Q Filing

ONE Gas, Inc. CIK: 1587732 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001587732-19-000033`
Period End Date	20190331
Filing Date	20190430
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ogs-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 34 Cash Flow Statement 54 Stockholders Equity 21 Comprehensive Income 2

Balance Sheet 90 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`	52.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.56M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	0.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	33,103.00	shares	Point-in-time
Debt issuance costs	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$11.37M	USD	Point-in-time
Debt issuance costs	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$11.46M	USD	Point-in-time
Property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentPlantInService`	$6.07B	USD	Point-in-time
Property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentPlantInService`	$6.15B	USD	Point-in-time
Accumulated depreciation and amortization	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$1.82B	USD	Point-in-time
Accumulated depreciation and amortization	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$1.79B	USD	Point-in-time
Net property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$4.28B	USD	Point-in-time
Net property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$4.33B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.41M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$295.42M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$338.08M	USD	Point-in-time
Materials and supplies	`MaterialsSuppliesAndOther`	$46.90M	USD	Point-in-time
Materials and supplies	`MaterialsSuppliesAndOther`	$44.33M	USD	Point-in-time
Natural gas in storage	`PublicUtilitiesInventory`	$51.48M	USD	Point-in-time
Natural gas in storage	`PublicUtilitiesInventory`	$107.30M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsCurrent`	$54.42M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsCurrent`	$38.76M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$543.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$516.27M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsNoncurrent`	$429.52M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsNoncurrent`	$437.48M	USD	Point-in-time
Goodwill	`Goodwill`	$157.95M	USD	Point-in-time
Goodwill	`Goodwill`	$157.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$88.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.21M	USD	Point-in-time
Total goodwill and other assets	`Totalgoodwillandotherassets`	$641.64M	USD	Point-in-time
Total goodwill and other assets	`Totalgoodwillandotherassets`	$676.11M	USD	Point-in-time
Total assets	`Assets`	$5.52B	USD	Point-in-time
Total assets	`Assets`	$5.47B	USD	Point-in-time
Common stock, $0.01 par value: authorized 250,000,000 shares; issued and outstanding 52,686,634 shares at March 31, 2019; issued 52,598,005 and outstanding 52,564,902 shares at December 31, 2018	`CommonStockValue`	$527.00K	USD	Point-in-time
Common stock, $0.01 par value: authorized 250,000,000 shares; issued and outstanding 52,686,634 shares at March 31, 2019; issued 52,598,005 and outstanding 52,564,902 shares at December 31, 2018	`CommonStockValue`	$526.00K	USD	Point-in-time
Paid-in Capital	`AdditionalPaidInCapital`	$1.73B	USD	Point-in-time
Paid-in Capital	`AdditionalPaidInCapital`	$1.72B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$320.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$389.18M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.14M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.09M	USD	Point-in-time
Treasury stock, at cost: 33,103 shares at December 31, 2018	`TreasuryStockValue`	$2.15M	USD	Point-in-time
Treasury stock, at cost: 33,103 shares at December 31, 2018	`TreasuryStockValue`	-	USD	Point-in-time
Total equity	`StockholdersEquity`	$2.02B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.96B	USD	Point-in-time
Total equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Total equity	`StockholdersEquity`	$2.10B	USD	Point-in-time
Long-term debt, excluding current maturities and net issuance costs of $11,368 and $11,457, respectively	`LongTermDebtNoncurrent`	$1.29B	USD	Point-in-time
Long-term debt, excluding current maturities and net issuance costs of $11,368 and $11,457, respectively	`LongTermDebtNoncurrent`	$1.29B	USD	Point-in-time
Total equity and long-term debt	`CapitalizationLongtermDebtAndEquity`	$3.33B	USD	Point-in-time
Total equity and long-term debt	`CapitalizationLongtermDebtAndEquity`	$3.39B	USD	Point-in-time
Notes payable	`CommercialPaper`	$299.50M	USD	Point-in-time
Notes payable	`CommercialPaper`	$295.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$119.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$174.51M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$47.64M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$51.90M	USD	Point-in-time
Regulatory Liability, Current	`RegulatoryLiabilityCurrent`	$54.79M	USD	Point-in-time
Regulatory Liability, Current	`RegulatoryLiabilityCurrent`	$48.39M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$61.18M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$62.40M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$67.66M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$73.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$698.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$658.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$666.44M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$652.43M	USD	Point-in-time
Regulatory Liability, Noncurrent	`RegulatoryLiabilityNoncurrent`	$520.87M	USD	Point-in-time
Regulatory Liability, Noncurrent	`RegulatoryLiabilityNoncurrent`	$511.74M	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$178.72M	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$173.30M	USD	Point-in-time
Other deferred credits	`OtherLiabilitiesNoncurrent`	$89.60M	USD	Point-in-time
Other deferred credits	`OtherLiabilitiesNoncurrent`	$124.26M	USD	Point-in-time
Total deferred credits and other liabilities	`TotalDeferredCreditsAndOtherLiabilities`	$1.48B	USD	Point-in-time
Total deferred credits and other liabilities	`TotalDeferredCreditsAndOtherLiabilities`	$1.44B	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`	$5.47B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.52B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Regulated Operating Revenue	`RegulatedOperatingRevenue`	$638.46M	USD	1 Quarter
Regulated Operating Revenue	`RegulatedOperatingRevenue`	$661.00M	USD	1 Quarter
Cost of natural gas	`UtilitiesOperatingExpenseGasAndPetroleumPurchased`	$350.42M	USD	1 Quarter
Cost of natural gas	`UtilitiesOperatingExpenseGasAndPetroleumPurchased`	$365.08M	USD	1 Quarter
Operations and maintenance	`UtilitiesOperatingExpenseMaintenanceAndOperations`	$108.28M	USD	1 Quarter
Operations and maintenance	`UtilitiesOperatingExpenseMaintenanceAndOperations`	$102.67M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$38.89M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$43.85M	USD	1 Quarter
General taxes	`UtilitiesOperatingExpenseTaxes`	$16.18M	USD	1 Quarter
General taxes	`UtilitiesOperatingExpenseTaxes`	$16.20M	USD	1 Quarter
Total operating expenses	`UtilitiesOperatingExpense`	$157.75M	USD	1 Quarter
Total operating expenses	`UtilitiesOperatingExpense`	$168.31M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$127.62M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$130.29M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$429.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-2.16M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$12.35M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$15.79M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$115.77M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$112.26M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$18.60M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$24.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$90.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.66M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.73	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.77	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.76	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.72	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.60M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.83M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.90M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.21M	shares	1 Quarter
Dividends declared per share of stock	`CommonStockDividendsPerShareCashPaid`	$0.50	USD	1 Quarter
Dividends declared per share of stock	`CommonStockDividendsPerShareCashPaid`	$0.46	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$90.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.66M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$38.89M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$43.85M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.83M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$24.08M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.95M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.95M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.26M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.72M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$7.45M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$44.92M	USD	1 Quarter
Materials and supplies	`IncreaseDecreaseInMaterialsAndSupplies`	$-4.61M	USD	1 Quarter
Materials and supplies	`IncreaseDecreaseInMaterialsAndSupplies`	$2.56M	USD	1 Quarter
Natural gas in storage	`IncreaseDecreaseInInventories`	$-79.60M	USD	1 Quarter
Natural gas in storage	`IncreaseDecreaseInInventories`	$-55.82M	USD	1 Quarter
Asset removal costs	`PaymentsForRemovalCosts`	$11.17M	USD	1 Quarter
Asset removal costs	`PaymentsForRemovalCosts`	$7.44M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-53.17M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-56.41M	USD	1 Quarter
Accrued taxes other than income	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$4.26M	USD	1 Quarter
Accrued taxes other than income	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$6.15M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.22M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.05M	USD	1 Quarter
Regulatory assets and liabilities	`IncreaseDecreaseInRegulatoryAssetsAndLiabilities`	$-83.72M	USD	1 Quarter
Regulatory assets and liabilities	`IncreaseDecreaseInRegulatoryAssetsAndLiabilities`	$-29.09M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.82M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$39.02M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$223.28M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$122.29M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$83.30M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$86.60M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$3.04M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-86.34M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-86.60M	USD	1 Quarter
Repayments of notes payable, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-74.61M	USD	1 Quarter
Repayments of notes payable, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-4.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$24.14M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$26.34M	USD	1 Quarter
Tax withholdings related to net share settlements of stock compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-7.82M	USD	1 Quarter
Tax withholdings related to net share settlements of stock compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-7.30M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-106.56M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-37.64M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.70M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.12M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.63M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.54M	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`	$19.63M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.32M	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`	$14.41M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Shares issued, beginning balance	`CommonStockSharesIssued`	52.60M	shares	Point-in-time
Shares issued, beginning balance	`CommonStockSharesIssued`	52.69M	shares	Point-in-time
Equity, beginning balance	`StockholdersEquity`	$2.02B	USD	Point-in-time
Equity, beginning balance	`StockholdersEquity`	$1.96B	USD	Point-in-time
Equity, beginning balance	`StockholdersEquity`	$2.04B	USD	Point-in-time
Equity, beginning balance	`StockholdersEquity`	$2.10B	USD	Point-in-time
Net income	`NetIncomeLoss`	$90.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.66M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-80.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$160.00K	USD	1 Quarter
Income Tax Effects Allocated Directly to Equity, Cumulative Effect of Change in Accounting Principle	`IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple`	-	USD	1 Quarter
Common stock issued, value	`StockIssuedDuringPeriodValueNewIssues`	$-5.35M	USD	1 Quarter
Common stock issued, value	`StockIssuedDuringPeriodValueNewIssues`	$-5.88M	USD	1 Quarter
Common stock dividends - $0.50 and $0.46 per share as of March 31, 2019 and 2018, respectively	`DividendsCommonStock`	$24.14M	USD	1 Quarter
Common stock dividends - $0.50 and $0.46 per share as of March 31, 2019 and 2018, respectively	`DividendsCommonStock`	$26.34M	USD	1 Quarter
Shares issued, ending balance	`CommonStockSharesIssued`	52.60M	shares	Point-in-time
Shares issued, ending balance	`CommonStockSharesIssued`	52.69M	shares	Point-in-time
Equity, ending balance	`StockholdersEquity`	$2.02B	USD	Point-in-time
Equity, ending balance	`StockholdersEquity`	$1.96B	USD	Point-in-time
Equity, ending balance	`StockholdersEquity`	$2.04B	USD	Point-in-time
Equity, ending balance	`StockholdersEquity`	$2.10B	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Pension and other postemployment benefit plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-53.00K	USD	1 Quarter
Pension and other postemployment benefit plans, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-351.00K	USD	1 Quarter

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