ONE Gas Inc

For the period ended Mar 31, 2024. Filed May 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 7, 2024

OGS$82.30+1.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows

ONE Gas, Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
	Three Months Ended
	March 31,
(Unaudited)	2024	2023
(Thousands of dollars)
Operating activities
Net income	$99,317	$102,621
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	76,572	71,264
Deferred income taxes	16,247	9,364
Share-based compensation expense	3,117	2,821
Provision for doubtful accounts	1,675	3,925
Proceeds from government securitization of winter weather event costs	—	197,366
Changes in assets and liabilities:
Accounts receivable	21,684	56,336
Materials and supplies	(2,700)	(2,160)
Natural gas in storage	76,646	170,239
Asset removal costs	(12,621)	(13,567)
Accounts payable	(68,117)	(157,533)
Accrued taxes other than income	(4,388)	(2,204)
Customer deposits	(4,123)	(1,387)
Regulatory assets and liabilities - current	(58,520)	5,585
Regulatory assets and liabilities - noncurrent	2,520	21,871
Other assets and liabilities - current	(39,312)	3,573
Other assets and liabilities - noncurrent	265	952
Cash provided by operating activities	108,262	469,066
Investing activities
Capital expenditures	(166,751)	(151,030)
Other investing expenditures	(1,259)	(292)
Other investing receipts	2,029	1,443
Cash used in investing activities	(165,981)	(149,879)
Financing activities
Borrowings (repayments) of notes payable, net	864,900	(272,000)
Repayment of other long-term debt	(773,000)	—
Repayment of securitized utility tariff bonds	(13,780)	—
Dividends paid	(37,336)	(36,002)
Tax withholdings related to net share settlements of stock compensation	(980)	(2,386)
Cash provided by (used in) financing activities	39,804	(310,388)
Change in cash, cash equivalents, restricted cash and restricted cash equivalents	(17,915)	8,799
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	39,387	18,127
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	$21,472	$26,926
Supplemental cash flow information:
Cash paid for interest, net of amounts capitalized	$41,497	$33,729
Cash paid (received) for income taxes, net	$(2,797)	$(1,870)

ONE Gas, Inc.
CONSOLIDATED STATEMENTS OF EQUITY
(Unaudited)	Common Stock Issued	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income/(Loss)	Total Equity
(Shares) · (Thousands of dollars)
January 1, 2024	56,545,924	$565	$2,028,755	$737,739	$(1,182)	$2,765,877
Net income	—	—	—	99,317	—	99,317
Other comprehensive income	—	—	—	—	(10)	(10)
Common stock issued and other	23,472	1	2,136	—	—	2,137
Common stock dividends - $0.66 per share	—	—	277	(37,613)	—	(37,336)
March 31, 2024	56,569,396	$566	$2,031,168	$799,443	$(1,192)	$2,829,985
January 1, 2023	55,349,954	$553	$1,932,714	$651,863	$(704)	$2,584,426
Net income	—	—	—	102,621	—	102,621
Common stock issued and other	39,096	—	435	—	—	435
Common stock dividends - $0.65 per share	—	—	319	(36,321)	—	(36,002)
March 31, 2023	55,389,050	$553	$1,933,468	$718,163	$(704)	$2,651,480

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.