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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Revenues $ 2,457,575 $ 2,960,529 $ 5,237,533 $ 6,062,606
Cost of sales and fuel (exclusive of items shown separately below) 1,625,794 2,175,818 3,582,171 4,543,844
Operations and maintenance 206,776 202,037 414,027 383,218
Depreciation and amortization 114,964 106,288 229,122 210,525
General taxes 30,937 28,116 64,427 57,139
(Gain) loss on sale of assets 2,958 (96) 2,898 (185)
Operating income 476,146 448,366 944,888 868,065
Equity in net earnings from investments (Note I) 34,118 36,570 77,599 76,757
Allowance for equity funds used during construction 16,942 804 29,383 1,034
Other income 5,682 1,857 15,042 2,595
Other expense (4,497) (4,391) (7,959) (7,700)
Interest expense (net of capitalized interest of $26,799, $5,134, $45,991 and $7,172, respectively) (117,493) (113,496) (232,913) (229,221)
Income before income taxes 410,898 369,710 826,040 711,530
Income taxes (98,935) (87,531) (176,869) (163,302)
Net income 311,963 282,179 649,171 548,228
Less: Net income attributable to noncontrolling interests 0 1,131 0 2,672
Net income attributable to ONEOK 311,963 281,048 649,171 545,556
Less: Preferred stock dividends 275 275 550 550
Net income available to common shareholders $ 311,688 $ 280,773 $ 648,621 $ 545,006
Basic earnings per common share (Note G) $ 0.75 $ 0.68 $ 1.57 $ 1.33
Diluted earnings per common share (Note G) $ 0.75 $ 0.68 $ 1.56 $ 1.32
Average shares (thousands)        
Basic 413,606 411,946 413,257 410,811
Diluted 415,049 414,641 415,141 413,407
Commodity Sales        
Revenues        
Revenues $ 2,146,841 $ 2,675,262 $ 4,619,800 $ 5,495,266
Services        
Revenues        
Revenues $ 310,734 $ 285,267 $ 617,733 $ 567,340