Stock Analysis on Net
Stock Analysis on Net

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

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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).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets exhibited notable fluctuations over the period. It increased from 4.7% in 2012 to a peak of 11.95% in 2014, followed by a steep decline to 2.02% in 2015, before rising again to 6.99% in 2016. This suggests periods of varying liquidity management or cash holdings.
Accounts Receivable, Net of Allowance
Customers
The accounts receivable from customers declined steadily from 2.8% in 2012 to 1.4% in 2015, with a slight recovery to 2.21% in 2016. This may reflect improved collections or a reduction in credit sales during that period.
Others
The accounts receivable from other sources remained relatively stable around the 2% mark from 2012 to 2014, then spiked to 3.91% in 2015 before falling sharply to 1.58% in 2016, indicating a significant but temporary increase in other receivables in 2015.
Total
The total accounts receivable as a percentage of total assets generally decreased from 5.22% in 2012 to 3.79% in 2016, with a peak at 5.32% in 2015. This trend mirrors the fluctuations observed in the separate components, with an overall downward movement suggesting tightening credit policies or efficiency in collections.
Inventories
Inventories as a percentage of total assets demonstrated a gradual increase from 0.33% in 2012 to 0.69% in 2016, indicating either growth in inventory levels or a relative drop in total assets with held inventories becoming more pertinent.
Other Current Assets
Other
“Other” current assets showed a decreasing trend overall, declining from 1.28% in 2012 to 0.09% in 2016, with volatility in intermediate years. This points to a reduction in miscellaneous current asset components over time.
Total Other Current Assets
The total other current assets decreased from 1.61% in 2012 to 0.78% in 2016, with a peak of 2.15% in 2014, reflecting variability but a general downward trend.
Current Assets
Current assets peaked at 18.19% in 2014, up from around 12.9% in 2012, but experienced a sharp decline to 8.58% in 2015, recovering moderately to 11.56% in 2016. This pattern underscores considerable annual fluctuations in the short-term resource base.
Net Properties and Equipment
The share of net properties and equipment in total assets remained the dominant asset class, consistently above 67%. It reached its lowest point of 67.42% in 2014, rebounded to 72.72% in 2015, and modestly declined to 70.6% in 2016. The data reflects stable but somewhat fluctuating investment in fixed assets relative to total assets.
Other Assets
Other noncurrent assets grew from 3.26% in 2012 to a peak of 5.06% in 2015, before decreasing slightly to 4.89% in 2016, suggesting increased recognition or acquisition of miscellaneous long-term assets during this timeframe.
Goodwill and Other Intangible Assets
Goodwill and intangible assets maintained a relatively stable proportion, fluctuating between approximately 10.15% and 13.64% of total assets. A notable increase occurred in 2015 reaching 13.64%, followed by a slight reduction to 12.96% in 2016, indicating possible acquisitions or revaluations during this period.
Asset Structure (Current vs Noncurrent)
Noncurrent assets comprised the majority of total assets throughout the period, consistently between approximately 81.8% and 91.4%. The largest share was observed in 2015 at 91.42%, corresponding with the lowest current asset proportion of 8.58%. This highlights a predominantly long-term asset base with some variability in liquidity over the years.