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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Commodity sales $ 2,675,262 $ 2,161,009 $ 5,495,266 $ 4,377,726
Services 285,267 564,763 567,340 1,097,657
Total revenues 2,960,529 2,725,772 6,062,606 5,475,383
Cost of sales and fuel (exclusive of items shown separately below) 2,175,818 2,091,022 4,543,844 4,234,865
Operations and maintenance 202,037 190,784 383,218 352,836
Depreciation and amortization 106,288 100,849 210,525 200,268
General taxes 28,116 24,304 57,139 51,457
Gain on sale of assets (96) (637) (185) (630)
Operating income 448,366 319,450 868,065 636,587
Equity in net earnings from investments (Note I) 36,570 39,363 76,757 78,927
Allowance for equity funds used during construction 804 22 1,034 35
Other income 1,857 4,033 2,595 8,374
Other expense (4,391) (24,560) (7,700) (28,027)
Interest expense (net of capitalized interest of $5,134, $1,745, $7,172, and $3,186, respectively) (113,496) (118,473) (229,221) (234,935)
Income before income taxes 369,710 219,835 711,530 460,961
Income taxes (87,531) (43,844) (163,302) (98,785)
Net income 282,179 175,991 548,228 362,176
Less: Net income attributable to noncontrolling interests 1,131 104,298 2,672 203,122
Net income attributable to ONEOK 281,048 71,693 545,556 159,054
Less: Preferred stock dividends 275 217 550 217
Net income available to common shareholders $ 280,773 $ 71,476 $ 545,006 $ 158,837
Basic earnings per common share $ 0.68 $ 0.34 $ 1.33 $ 0.75
Diluted earnings per common share $ 0.68 $ 0.33 $ 1.32 $ 0.74
Average shares (thousands)        
Basic 411,946 211,785 410,811 211,702
Diluted 414,641 214,012 413,407 213,807
Dividends declared per share of common stock $ 0.795 $ 0.615 $ 1.565 $ 1.230