Name: Anadarko Petroleum Corp. (NYSE:APC) | 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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Anadarko Petroleum Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Cash and cash equivalents	3,184)	939)	7,369)	3,698)	2,471)
Accounts receivable, net of allowance, customers	1,007)	652)	1,118)	1,481)	1,473)
Accounts receivable, net of allowance, others	721)	1,817)	1,409)	1,241)	1,274)
Accounts receivable, net of allowance	1,728)	2,469)	2,527)	2,722)	2,747)
Algeria exceptional profits tax settlement	—)	—)	—)	—)	730)
Inventories	313)	216)	243)	210)	176)
Other	41)	358)	1,082)	478)	671)
Other current assets	354)	574)	1,325)	688)	847)
Current assets	5,266)	3,982)	11,221)	7,108)	6,795)
Net properties and equipment	32,168)	33,751)	41,589)	40,929)	38,398)
Other assets	2,226)	2,350)	2,310)	2,082)	1,716)
Goodwill and other intangible assets	5,904)	6,331)	6,569)	5,662)	5,680)
Noncurrent assets	40,298)	42,432)	50,468)	48,673)	45,794)
Total assets	45,564)	46,414)	61,689)	55,781)	52,589)

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 asset profile shows a distinct cycle of growth followed by a significant contraction. Total assets increased from 52,589 million US dollars in 2012 to a peak of 61,689 million US dollars in 2014, before declining sharply to 46,414 million US dollars in 2015 and further to 45,564 million US dollars by the end of 2016.

Liquidity and Short-Term Asset Trends: Current assets displayed substantial volatility, closely mirroring the fluctuations in cash and cash equivalents. Cash reserves peaked in 2014 at 7,369 million US dollars but experienced a precipitous drop to 939 million US dollars in 2015, representing an 87% decrease in a single year. While a partial recovery to 3,184 million US dollars was observed in 2016, the overall liquidity position remained significantly lower than the 2014 peak. Accounts receivable showed a consistent downward trend, declining from 2,747 million US dollars in 2012 to 1,728 million US dollars in 2016.
Fixed Asset and Long-Term Investment Analysis: Net properties and equipment constituted the primary component of the balance sheet. This category grew from 38,398 million US dollars in 2012 to 41,589 million US dollars in 2014. However, a sharp reversal occurred starting in 2015, with values falling to 33,751 million US dollars and continuing down to 32,168 million US dollars in 2016. This trend suggests significant asset impairments or a reduction in capital investment during this period. Noncurrent assets overall followed this trajectory, peaking in 2014 at 50,468 million US dollars before contracting to 40,298 million US dollars by 2016.
Intangibles and Other Assets: Goodwill and other intangible assets remained relatively stable compared to other asset classes, fluctuating between a low of 5,662 million US dollars in 2013 and a peak of 6,569 million US dollars in 2014, ending the period at 5,904 million US dollars. Other assets showed a modest increase from 2012 to 2015, peaking at 2,350 million US dollars, before slightly decreasing in 2016.

The overarching pattern indicates a strategic or economic shift between 2014 and 2015, characterized by a rapid reduction in both liquid cash reserves and the book value of fixed properties and equipment, leading to a condensed overall asset base by 2016.

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