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Anadarko Petroleum Corp. (NYSE:APC)

This company has been moved to the archive! The financial data has not been updated since October 31, 2017.

Common-Size Balance Sheet: Assets

Anadarko Petroleum Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012
Cash and cash equivalents 6.99 2.02 11.95 6.63 4.70
Accounts receivable, net of allowance, customers 2.21 1.40 1.81 2.66 2.80
Accounts receivable, net of allowance, others 1.58 3.91 2.28 2.22 2.42
Accounts receivable, net of allowance 3.79% 5.32% 4.10% 4.88% 5.22%
Algeria exceptional profits tax settlement 0.00 0.00 0.00 0.00 1.39
Inventories 0.69 0.47 0.39 0.38 0.33
Other 0.09 0.77 1.75 0.86 1.28
Other current assets 0.78% 1.24% 2.15% 1.23% 1.61%
Current assets 11.56% 8.58% 18.19% 12.74% 12.92%
Net properties and equipment 70.60 72.72 67.42 73.37 73.02
Other assets 4.89 5.06 3.74 3.73 3.26
Goodwill and other intangible assets 12.96 13.64 10.65 10.15 10.80
Noncurrent assets 88.44% 91.42% 81.81% 87.26% 87.08%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

The balance sheet structure is characterized by a heavy concentration of noncurrent assets, which consistently represent the vast majority of total assets throughout the observed period. Noncurrent assets fluctuated between a low of 81.81% in 2014 and a peak of 91.42% in 2015, reflecting a highly capital-intensive operational model.

Current Asset Volatility
Current assets exhibited significant fluctuations, ranging from a high of 18.19% in 2014 to a low of 8.58% in 2015. This volatility is primarily driven by shifts in cash and cash equivalents, which peaked at 11.95% of total assets in 2014 before dropping sharply to 2.02% in 2015, and subsequently recovering to 6.99% by 2016.
Receivables and Inventory Trends
Net accounts receivable remained relatively stable, although a general downward trend is observed, moving from 5.22% in 2012 to 3.79% in 2016. In contrast, inventories showed a consistent, incremental increase over the five-year period, rising from 0.33% to 0.69% of total assets.
Fixed Asset Dominance
Net properties and equipment constitute the largest single component of the asset base, consistently accounting for over 67% of total assets. While this figure remained relatively steady, a notable dip occurred in 2014 when it fell to 67.42%, coinciding with the peak in current asset liquidity.
Intangible Assets and Other Noncurrent Items
Goodwill and other intangible assets showed an overall upward trajectory, increasing from 10.80% in 2012 to 12.96% in 2016, with a peak of 13.64% in 2015. Other assets also saw a modest increase, growing from 3.26% to 4.89% over the same period.

The overall asset composition indicates a strategic shift in 2014 toward higher liquidity, followed by a significant reallocation of resources back into noncurrent assets by 2015. The sustained dominance of properties, equipment, and intangible assets underscores the capital-intensive nature of the business operations.

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