Stock Analysis on Net
Stock Analysis on Net

Expand Energy Corp. (NASDAQ:EXE)

This company has been moved to the archive! The financial data has not been updated since April 29, 2025.

Common-Size Balance Sheet: Assets

Expand Energy Corp., common-size consolidated balance sheet: assets

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Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Cash and cash equivalents 1.14 7.51 0.84 8.22
Restricted cash 0.28 0.51 0.40 0.08
Accounts receivable, net 4.40 4.12 9.30 10.13
Derivative assets 0.30 4.43 0.22 0.05
Assets held for sale 0.00 0.00 5.29 0.00
Other current assets 1.05 1.57 1.39 0.63
Current assets 7.16% 18.15% 17.44% 19.10%
Property and equipment, net 87.05 70.24 72.32 79.95
Long-term derivative assets 0.00 0.51 0.30 0.00
Deferred income tax assets 2.11 6.49 8.73 0.00
Other long-term assets 3.67 4.61 1.20 0.94
Long-term assets 92.84% 81.85% 82.56% 80.90%
Total assets 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).

Cash and cash equivalents
There is notable volatility in the proportion of cash and cash equivalents relative to total assets. It sharply declined from 8.22% in 2021 to 0.84% in 2022, rebounded to 7.51% in 2023, then decreased again to 1.14% in 2024, indicating fluctuating liquidity levels over the years.
Restricted cash
This category experienced a gradual increase from 0.08% of total assets in 2021 to 0.51% in 2023, followed by a decrease to 0.28% in 2024. The increase in earlier years suggests a growing portion of cash with usage limitations, which partially reversed in the latest period.
Accounts receivable, net
Accounts receivable as a percentage of total assets declined steadily from 10.13% in 2021 to 4.12% in 2023 and remained relatively stable at 4.4% in 2024, implying improvements in collection efficiency or reduced credit sales.
Derivative assets
Derivative assets showed a significant rise from a minimal 0.05% in 2021 to a peak of 4.43% in 2023, before falling sharply to 0.3% in 2024. This pattern suggests increased derivative activity or valuation in 2023, with a subsequent reduction.
Assets held for sale
This item was not reported in 2021, appeared prominently at 5.29% of total assets in 2022, and was absent again in later years, indicating a one-time or short-term classification event in 2022.
Other current assets
Other current assets steadily increased from 0.63% in 2021 to 1.57% in 2023, then declined to 1.05% in 2024, showing slight fluctuation but generally remaining a minor component.
Current assets
The share of current assets in total assets reduced gradually from 19.1% in 2021 to 17.44% in 2022, rose slightly to 18.15% in 2023, and then dropped sharply to 7.16% in 2024. The sharp decline in 2024 may reflect reclassification or asset composition changes favoring long-term assets.
Property and equipment, net
This category decreased from 79.95% in 2021 to 70.24% in 2023, representing a gradual reduction in fixed assets as a percentage of total assets, before notably increasing to 87.05% in 2024, which may indicate significant investment or reclassification in fixed assets in the last period.
Long-term derivative assets
Long-term derivative assets appeared starting in 2022 at 0.3%, increased slightly to 0.51% in 2023, then fell to zero in 2024. This suggests fluctuating involvement in long-term derivative contracts with complete elimination by 2024.
Deferred income tax assets
Deferred income tax assets were introduced at 8.73% in 2022, decreased to 6.49% in 2023, and further decreased to 2.11% in 2024, indicating diminishing deferred tax claims or adjustments over time.
Other long-term assets
Other long-term assets increased from 0.94% in 2021 to a peak of 4.61% in 2023, then declined slightly to 3.67% in 2024. This signifies some growth in miscellaneous long-term asset categories.
Long-term assets
Long-term assets as a proportion of total assets rose slightly from 80.90% in 2021 to 82.56% in 2022, remained relatively stable at 81.85% in 2023, and increased significantly to 92.84% in 2024. This points to a strategic shift toward asset composition increasingly weighted toward long-term holdings, especially in the last year.
Total assets
Total assets represent 100% by definition for each period.