One Gas (OGS) financial statements
Net income was $264M.
Free cash flow was -$128M, and the company returned $161M in dividends.
The diluted share count rose 14% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from One Gas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.6B | $1.7B | $1.5B | $1.8B | $2.6B | — | — | — |
| Cost of revenue | — | — | — | — | $537M | $775M | $1.5B | $1.1B | $778M | $999M |
| Gross profit | $885M | $925M | — | — | $993M | $1.0B | $1.1B | — | — | — |
| Operating income | $289M | $317M | $288M | $295M | $304M | $310M | $350M | $378M | $399M | $457M |
| Interest expense | $44M | $46M | $51M | $63M | $63M | $60M | $78M | $115M | $147M | $143M |
| Pre-tax income | $225M | $256M | $226M | $230M | $238M | $247M | $268M | $272M | $259M | $321M |
| Income tax | $85M | $93M | $54M | $43M | $42M | $40M | $47M | $40M | $36M | $57M |
| Net income | $140M | $163M | $172M | $187M | $196M | $206M | $222M | $231M | $223M | $264M |
| EPS (diluted) | $2.65 | $3.08 | $3.25 | $3.51 | $3.68 | $3.85 | $4.08 | $4.14 | $3.91 | $4.37 |
| Diluted shares | 53M | 53M | 53M | 53M | 53M | 54M | 54M | 56M | 57M | 61M |
| Gross margin | 62.0% | 60.1% | — | — | 64.9% | 57.1% | 43.4% | — | — | — |
| Operating margin | 20.2% | 20.6% | 17.7% | 17.9% | 19.8% | 17.2% | 13.6% | — | — | — |
| Net margin | 9.8% | 10.6% | 10.5% | 11.3% | 12.8% | 11.4% | 8.6% | — | — | — |
Balance sheet
Fiscal years, from One Gas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $15M | $14M | $21M | $18M | $8M | $9M | $10M | $19M | $103M | $11M |
| Receivables | $291M | $299M | $295M | $250M | $293M | $342M | $554M | $348M | $408M | $462M |
| Total current assets | $569M | $589M | $543M | $506M | $540M | $2.2B | $1.2B | $765M | $930M | $916M |
| Property, plant and equipment | — | — | — | — | — | — | — | — | $6.6B | $7.1B |
| Goodwill | $158M | $158M | $158M | $158M | $158M | $158M | $158M | $158M | $158M | $158M |
| Total assets | $4.9B | $5.2B | $5.5B | $5.7B | $6.0B | $8.4B | $7.8B | $7.8B | $8.4B | $8.9B |
| Total current liabilities | $444M | $673M | $699M | $873M | $797M | $980M | $1.2B | $1.5B | $1.5B | $1.5B |
| Long-term debt | $1.2B | $1.2B | $1.3B | $1.3B | $1.6B | $3.7B | $2.7B | $2.2B | $2.4B | $2.4B |
| Total liabilities | $3.1B | $3.2B | $3.4B | $3.6B | $3.8B | $6.1B | $5.2B | $5.0B | $5.3B | $5.4B |
| Shareholders' equity | $1.9B | $2.0B | $2.0B | $2.1B | $2.2B | $2.3B | $2.6B | $2.8B | $3.1B | $3.4B |
| Net debt | $1.2B | $1.2B | $1.3B | $1.3B | $1.6B | $3.7B | $2.7B | $2.9B | $2.3B | $2.6B |
Cash flow
Fiscal years, from One Gas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $291M | $254M | $468M | $310M | $364M | -$1.5B | $1.6B | $940M | $368M | $579M |
| Capital spending | $309M | $356M | $394M | $417M | $471M | $495M | $609M | $667M | $703M | $707M |
| Free cash flow | -$18M | -$103M | $73M | -$107M | -$107M | -$2.0B | $961M | $273M | -$335M | -$128M |
| Stock-based compensation | $11M | $9M | $8M | $9M | $10M | $10M | $11M | $12M | $14M | $15M |
| Dividends paid | $73M | $88M | $97M | $105M | $114M | $124M | $134M | $144M | $149M | $161M |
| Share buybacks (net) | -$24M | -$18M | $0 | $0 | — | — | — | — | — | — |
| Net borrowing | $132M | $212M | $38M | $217M | $200M | $2.2B | -$1.6B | -$464M | $826M | -$177M |
| Free cash flow margin | -1.3% | -6.7% | 4.5% | -6.5% | -7.0% | -112.3% | 37.3% | — | — | — |
| Dividends per share | $1.38 | $1.66 | $1.82 | $1.98 | $2.14 | $2.31 | $2.47 | $2.58 | $2.62 | $2.66 |
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How much free cash flow does One Gas generate?
-$128M in fiscal 2025 (operating cash flow minus capital spending).
From One Gas's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.