Name: Expand Energy Corp. (NASDAQ:EXE) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Expand Energy Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and cash equivalents	317)	1,079)	130)	905)
Restricted cash	78)	74)	62)	9)
Accounts receivable, net	1,226)	593)	1,438)	1,115)
Derivative assets	84)	637)	34)	5)
Assets held for sale	—)	—)	819)	—)
Other current assets	292)	226)	215)	69)
Current assets	1,997)	2,609)	2,698)	2,103)
Property and equipment, net	24,282)	10,097)	11,187)	8,802)
Long-term derivative assets	1)	74)	47)	—)
Deferred income tax assets	589)	933)	1,351)	—)
Other long-term assets	1,025)	663)	185)	104)
Long-term assets	25,897)	11,767)	12,770)	8,906)
Total assets	27,894)	14,376)	15,468)	11,009)

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).

The total asset base of Expand Energy Corp. experienced a substantial expansion between 2021 and 2024, growing from $11,009 million to $27,894 million. This growth is primarily characterized by a significant surge in non-current assets during the 2024 fiscal year, which contrasts with a relative contraction in current asset levels over the same period.

Fixed Asset Expansion: Property and equipment, net, rose from $8,802 million in 2021 to $24,282 million in 2024. The most notable increase occurred between 2023 and 2024, where the value more than doubled from $10,097 million to $24,282 million, indicating a major capital investment or a significant corporate acquisition.
Liquidity and Current Asset Trends: Current assets demonstrated instability, peaking at $2,698 million in 2022 before declining to $1,997 million by the end of 2024. Cash and cash equivalents exhibited high volatility, with significant drops in 2022 and 2024. Accounts receivable, net, showed an irregular pattern, decreasing sharply to $593 million in 2023 before rebounding to $1,226 million in 2024.
Derivative and Deferred Tax Assets: Derivative assets saw a sharp spike to $637 million in 2023, followed by a reduction to $84 million in 2024. Deferred income tax assets appeared significantly in 2022 at $1,351 million and have since followed a consistent downward trend, reaching $589 million in 2024.
Long-term Asset Composition: Total long-term assets grew from $8,906 million in 2021 to $25,897 million in 2024. While the majority of this increase is attributable to property and equipment, other long-term assets also experienced steady growth, increasing from $104 million in 2021 to $1,025 million in 2024.

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