10-Q Filing

ONE Gas, Inc. CIK: 1587732 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001587732-20-000037`
Period End Date	20200331
Filing Date	20200428
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	onegas10-qx3312020_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 34 Cash Flow Statement 56 Stockholders Equity 21 Comprehensive Income 2

Balance Sheet 86 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`	52.77M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.86M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.86M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.77M	shares	Point-in-time
Debt issuance costs	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$10.82M	USD	Point-in-time
Debt issuance costs	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$10.94M	USD	Point-in-time
Property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentPlantInService`	$6.54B	USD	Point-in-time
Property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentPlantInService`	$6.43B	USD	Point-in-time
Accumulated depreciation and amortization	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$1.87B	USD	Point-in-time
Accumulated depreciation and amortization	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$1.90B	USD	Point-in-time
Net property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$4.57B	USD	Point-in-time
Net property, plant and equipment	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$4.63B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.63M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.07M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.85M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.32M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$260.01M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$234.33M	USD	Point-in-time
Materials and supplies	`MaterialsSuppliesAndOther`	$55.73M	USD	Point-in-time
Materials and supplies	`MaterialsSuppliesAndOther`	$53.39M	USD	Point-in-time
Natural gas in storage	`PublicUtilitiesInventory`	$104.26M	USD	Point-in-time
Natural gas in storage	`PublicUtilitiesInventory`	$48.03M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsCurrent`	$47.44M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsCurrent`	$39.81M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.91M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$407.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$506.20M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsNoncurrent`	$391.04M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsNoncurrent`	$380.69M	USD	Point-in-time
Goodwill	`Goodwill`	$157.95M	USD	Point-in-time
Goodwill	`Goodwill`	$157.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$87.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$93.71M	USD	Point-in-time
Total goodwill and other assets	`Totalgoodwillandotherassets`	$636.87M	USD	Point-in-time
Total goodwill and other assets	`Totalgoodwillandotherassets`	$632.35M	USD	Point-in-time
Total assets	`Assets`	$5.67B	USD	Point-in-time
Total assets	`Assets`	$5.71B	USD	Point-in-time
Common stock, $0.01 par value: authorized 250,000,000 shares; issued and outstanding 52,736,623 shares at September 30, 2019; issued 52,598,005 and outstanding 52,564,902 shares at December 31, 2018	`CommonStockValue`	$528.00K	USD	Point-in-time
Common stock, $0.01 par value: authorized 250,000,000 shares; issued and outstanding 52,736,623 shares at September 30, 2019; issued 52,598,005 and outstanding 52,564,902 shares at December 31, 2018	`CommonStockValue`	$529.00K	USD	Point-in-time
Paid-in Capital	`AdditionalPaidInCapital`	$1.73B	USD	Point-in-time
Paid-in Capital	`AdditionalPaidInCapital`	$1.73B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$465.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$402.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.74M	USD	Point-in-time
Total equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Total equity	`StockholdersEquity`	$2.19B	USD	Point-in-time
Total equity	`StockholdersEquity`	$2.10B	USD	Point-in-time
Total equity	`StockholdersEquity`	$2.13B	USD	Point-in-time
Long-term debt, excluding current maturities and net issuance costs of $11,048 and $11,457, respectively	`LongTermDebtNoncurrent`	$1.29B	USD	Point-in-time
Long-term debt, excluding current maturities and net issuance costs of $11,048 and $11,457, respectively	`LongTermDebtNoncurrent`	$1.29B	USD	Point-in-time
Total equity and long-term debt	`CapitalizationLongtermDebtAndEquity`	$3.48B	USD	Point-in-time
Total equity and long-term debt	`CapitalizationLongtermDebtAndEquity`	$3.42B	USD	Point-in-time
Commercial Paper	`CommercialPaper`	$516.50M	USD	Point-in-time
Commercial Paper	`CommercialPaper`	$474.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$82.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$120.49M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$47.96M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$46.77M	USD	Point-in-time
Regulatory Liability, Current	`RegulatoryLiabilityCurrent`	$33.65M	USD	Point-in-time
Regulatory Liability, Current	`RegulatoryLiabilityCurrent`	$45.20M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$57.99M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$58.27M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$80.67M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$84.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$776.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$872.74M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$698.88M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$682.63M	USD	Point-in-time
Regulatory Liability, Noncurrent	`RegulatoryLiabilityNoncurrent`	$503.52M	USD	Point-in-time
Regulatory Liability, Noncurrent	`RegulatoryLiabilityNoncurrent`	$494.21M	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$109.86M	USD	Point-in-time
Employee benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$115.66M	USD	Point-in-time
Other deferred credits	`OtherLiabilitiesNoncurrent`	$120.59M	USD	Point-in-time
Other deferred credits	`OtherLiabilitiesNoncurrent`	$118.30M	USD	Point-in-time
Total deferred credits and other liabilities	`TotalDeferredCreditsAndOtherLiabilities`	$1.42B	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`	$5.71B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.67B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Regulated Operating Revenue	`RegulatedOperatingRevenue`	$661.00M	USD	1 Quarter
Regulated Operating Revenue	`RegulatedOperatingRevenue`	$528.17M	USD	1 Quarter
Cost of natural gas	`CostOfGoodsAndServicesSold`	$226.14M	USD	1 Quarter
Cost of natural gas	`CostOfGoodsAndServicesSold`	$365.08M	USD	1 Quarter
Operations and maintenance	`UtilitiesOperatingExpenseMaintenanceAndOperations`	$108.28M	USD	1 Quarter
Operations and maintenance	`UtilitiesOperatingExpenseMaintenanceAndOperations`	$104.84M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$47.51M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$43.85M	USD	1 Quarter
General taxes	`UtilitiesOperatingExpenseTaxes`	$16.18M	USD	1 Quarter
General taxes	`UtilitiesOperatingExpenseTaxes`	$16.47M	USD	1 Quarter
Total operating expenses	`UtilitiesOperatingExpense`	$168.31M	USD	1 Quarter
Total operating expenses	`UtilitiesOperatingExpense`	$168.82M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$127.62M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$133.20M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$429.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-5.79M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$15.79M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$15.69M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$111.72M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$112.26M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$20.05M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$18.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$91.68M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.77	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.73	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.72	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.76	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.83M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	53.01M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.27M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.21M	shares	1 Quarter
Dividends declared per share of stock	`CommonStockDividendsPerShareCashPaid`	$0.54	USD	1 Quarter
Dividends declared per share of stock	`CommonStockDividendsPerShareCashPaid`	$0.50	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$93.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$91.68M	USD	1 Quarter
Depreciation and amortization	`UtilitiesOperatingExpenseDepreciationAndAmortization`	$47.51M	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`	$6.86M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$2.26M	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`	$3.08M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-22.61M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$44.92M	USD	1 Quarter
Materials and supplies	`IncreaseDecreaseInMaterialsAndSupplies`	$2.56M	USD	1 Quarter
Materials and supplies	`IncreaseDecreaseInMaterialsAndSupplies`	$-2.34M	USD	1 Quarter
Natural gas in storage	`IncreaseDecreaseInInventories`	$-56.23M	USD	1 Quarter
Natural gas in storage	`IncreaseDecreaseInInventories`	$-55.82M	USD	1 Quarter
Increase (Decrease) in Other Regulatory Assets	`IncreaseDecreaseInOtherRegulatoryAssets`	$9.89M	USD	1 Quarter
Increase (Decrease) in Other Regulatory Assets	`IncreaseDecreaseInOtherRegulatoryAssets`	$11.17M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-53.17M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-34.23M	USD	1 Quarter
Accrued taxes other than income	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-1.18M	USD	1 Quarter
Accrued taxes other than income	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$4.26M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$285.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.22M	USD	1 Quarter
Regulatory assets and liabilities	`IncreaseDecreaseInRegulatoryAssetsAndLiabilities`	$-29.09M	USD	1 Quarter
Regulatory assets and liabilities	`IncreaseDecreaseInRegulatoryAssetsAndLiabilities`	$-4.93M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.82M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$9.75M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$182.73M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$122.29M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$113.52M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$83.30M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$3.35M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$314.00K	USD	1 Quarter
Proceeds from Sale of Other Assets, Investing Activities	`ProceedsFromSaleOfOtherAssetsInvestingActivities`	$311.00K	USD	1 Quarter
Proceeds from Sale of Other Assets, Investing Activities	`ProceedsFromSaleOfOtherAssetsInvestingActivities`	$650.00K	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-113.18M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-86.34M	USD	1 Quarter
Repayments of notes payable, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-4.00M	USD	1 Quarter
Repayments of notes payable, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-41.80M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$28.54M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$26.34M	USD	1 Quarter
Tax withholdings related to net share settlements of stock compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-5.99M	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`	$-76.34M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-37.64M	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.70M	USD	1 Quarter
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.78M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.63M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.63M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.32M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Shares issued, beginning balance	`CommonStockSharesIssued`	52.77M	shares	Point-in-time
Shares issued, beginning balance	`CommonStockSharesIssued`	52.86M	shares	Point-in-time
Equity, beginning balance	`StockholdersEquity`	$2.04B	USD	Point-in-time
Equity, beginning balance	`StockholdersEquity`	$2.19B	USD	Point-in-time
Equity, beginning balance	`StockholdersEquity`	$2.10B	USD	Point-in-time
Equity, beginning balance	`StockholdersEquity`	$2.13B	USD	Point-in-time
Net income	`NetIncomeLoss`	$93.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$91.68M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$160.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$224.00K	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`	$-3.74M	USD	1 Quarter
Common stock issued, value	`StockIssuedDuringPeriodValueNewIssues`	$-5.35M	USD	1 Quarter
Common stock dividends - $0.50 and $0.46 per share per quarter as of 2019 and 2018, respectively	`DividendsCommonStock`	$26.34M	USD	1 Quarter
Common stock dividends - $0.50 and $0.46 per share per quarter as of 2019 and 2018, respectively	`DividendsCommonStock`	$28.54M	USD	1 Quarter
Shares issued, ending balance	`CommonStockSharesIssued`	52.77M	shares	Point-in-time
Shares issued, ending balance	`CommonStockSharesIssued`	52.86M	shares	Point-in-time
Equity, ending balance	`StockholdersEquity`	$2.04B	USD	Point-in-time
Equity, ending balance	`StockholdersEquity`	$2.19B	USD	Point-in-time
Equity, ending balance	`StockholdersEquity`	$2.10B	USD	Point-in-time
Equity, ending balance	`StockholdersEquity`	$2.13B	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`	$-74.00K	USD	1 Quarter

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