Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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- Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
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Anadarko Petroleum Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
- Accounts Payable
- The combined accounts payable showed fluctuations over the periods, peaking in early 2014 around $3.9 billion and generally declining thereafter to approximately $2 billion by late 2017. Trade payables and other payables followed similar patterns, with trade payables steadily decreasing, indicating a possible tightening in payment terms or reduction in short-term obligations.
- Short-term Debt
- Short-term debt exhibited significant variability, with a notable spike near the end of the 2015-2016 period, reaching over $3 billion, which sharply contrasts with earlier quarters mostly below $1 billion. The intermittent presence and absence of values suggest irregular borrowing or debt repayment cycles within quarters.
- Current Asset Retirement Obligations
- These obligations rose from under $300 million in early 2012 to over $500 million by 2014, showing increased accruals related to asset retirement. Subsequent quarters saw moderate decreases and fluctuations, stabilizing around $250-$300 million towards the end of the analyzed period.
- Other Current Liabilities
- Other current liabilities demonstrated volatile trends, with peaks exceeding $1.7 billion in 2014 and early 2015 before declining to roughly $900 million in 2016-2017. This suggests episodic increases possibly tied to operational or contingent liabilities being recognized and subsequently settled or adjusted.
- Tronox-related Contingent Liability
- A significant contingent liability related to Tronox was noted starting late 2013, consistently around $5.1 billion for current liabilities and a smaller amount about $850 million for noncurrent liabilities during available periods. This stable presence signifies ongoing contingent exposure related to related legal or environmental obligations.
- Current Liabilities
- There was marked volatility in total current liabilities, with a dramatic increase in 2013-2014 reaching over $10 billion, largely impacted by the Tronox contingent liabilities. Post-2014, current liabilities decreased substantially to a range between $3.1 billion and $6.7 billion, reflecting changes in short-term debt and contingent accounts.
- Long-term Debt
- Long-term debt, excluding the current portion, remained fairly stable, fluctuating between approximately $13 billion and $16.5 billion. Minor increases around 2014-2015 suggest moderate financing activity in the long-term debt structure.
- Deferred Income Taxes
- Deferred income taxes remained generally steady with slight downward movement from high $8.8 billion levels in early 2012 to around $3.4 billion by late 2017, indicating changes in tax assets or liabilities that correspond with operational changes or tax planning strategies.
- Asset Retirement Obligations
- These obligations held relatively stable between $1.5 billion and $1.8 billion until late 2016, with a notable increase to about $2.8 billion afterwards, possibly reflecting revised estimates of future asset retirement costs or additions of liabilities from new operations or acquisitions.
- Other Long-term Liabilities
- Other long-term liabilities fluctuated, with decreases from over $13 billion in early 2012 to a low near $10 billion toward late 2017. Periodic increases in the data may reflect reclassifications or new accruals, but overall, a downward trend suggests reduction in other long-term liabilities over time.
- Noncurrent Liabilities
- Noncurrent liabilities exhibited a slight downward trend, decreasing from about $28.5 billion in 2012 to roughly $25.5 billion by the end of 2017, reflecting stable overall long-term obligations inclusive of debt and other liabilities.
- Total Liabilities
- Total liabilities peaked notably in 2013-2014 at close to $39 billion, owing largely to a spike in contingent liabilities and current liabilities, before declining and fluctuating near $29-$33 billion through 2015-2017, indicative of liability management efforts or debt restructuring.
- Stockholders’ Equity
- Stockholders’ equity showed a peak around 2013 at over $22 billion, followed by a steady decline to about $10.8 billion in late 2017. This reduction, alongside diminishing retained earnings, suggests a combination of losses or dividend payments exceeding earnings and possibly share repurchase activity as evidenced by increased treasury stock holdings.
- Retained Earnings
- Retained earnings experienced a marked decrease from nearly $14.4 billion in early 2013 to below $200 million near the end of 2017. This significant reduction underscores sustained net losses or substantial dividends impacting accumulated earnings negatively.
- Treasury Stock
- The value of treasury stock moderately increased in absolute terms from around $826 million to over $1 billion, indicating ongoing share repurchases that reduced outstanding shares and stockholders’ equity over time.
- Accumulated Other Comprehensive Loss
- This loss item remained negative throughout the period, fluctuating around $300-$600 million, with no clear trend towards improvement or deterioration, suggesting consistent but modest unfavorable adjustments in comprehensive income components such as foreign currency translation or hedging instruments.
- Total Equity
- Total equity mirrored the stockholders’ equity trend, with an early peak at approximately $23.9 billion in 2013 and a decline to around $13.9 billion by late 2017. This reflects overall reductions in equity attributable to operations, dividends, and share repurchases.
- Total Liabilities and Equity
- Overall, the sum of liabilities and equity showed steady growth reaching above $61 billion during 2014 before contracting to approximately $43 billion by the end of the analysis period in 2017. This movement reflects changes in balance sheet scale, likely influenced by asset sales, restructuring, or market conditions impacting company size and financial position.