Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Chevron Corp. (NYSE:CVX)

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Adjustments to Financial Statements

Advanced level


Adjustments to Current Assets

Chevron Corp., adjusted current assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Current assets
Adjustments
Add: Allowance for doubtful accounts
Add: LIFO reserve1
Less: Current deferred tax assets (included in Prepaid expenses and other current assets)2
After Adjustment
Adjusted current assets

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

1 LIFO reserve. See details »

2 Current deferred tax assets (included in Prepaid expenses and other current assets). See details »


Adjustments to Total Assets

Chevron Corp., adjusted total assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowance for doubtful accounts
Add: LIFO reserve2
Less: Current deferred tax assets (included in Prepaid expenses and other current assets)3
Less: Noncurrent deferred tax assets (included in Deferred charges and other assets)4
After Adjustment
Adjusted total assets

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 LIFO reserve. See details »

3 Current deferred tax assets (included in Prepaid expenses and other current assets). See details »

4 Noncurrent deferred tax assets (included in Deferred charges and other assets). See details »


Adjustments to Current Liabilities

Chevron Corp., adjusted current liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Current liabilities
Adjustments
Less: Current deferred tax liabilities (included in Federal and other taxes on income)1
Less: Current accrued severance liability
After Adjustment
Adjusted current liabilities

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

1 Current deferred tax liabilities (included in Federal and other taxes on income). See details »


Adjustments to Total Liabilities

Chevron Corp., adjusted total liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Current deferred tax liabilities (included in Federal and other taxes on income)2
Less: Noncurrent deferred income tax liabilities3
Less: Accrued severance liability
After Adjustment
Adjusted total liabilities

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current deferred tax liabilities (included in Federal and other taxes on income). See details »

3 Noncurrent deferred income tax liabilities. See details »


Adjustments to Stockholders’ Equity

Chevron Corp., adjusted total Chevron Corporation stockholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total Chevron Corporation stockholders’ equity
Adjustments
Less: Deferred taxes, net1
Add: Allowance for doubtful accounts
Add: LIFO reserve2
Add: Accrued severance liability
Add: Noncontrolling interests
After Adjustment
Adjusted total equity

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

1 Deferred taxes, net. See details »

2 LIFO reserve. See details »


Adjustments to Capitalization Table

Chevron Corp., adjusted capitalization table

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Short-term debt
Long-term debt, excluding debt due within one year
Total reported debt
Total Chevron Corporation stockholders’ equity
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Current lease liabilities for operating leases (included in Accrued liabilities)2
Add: Noncurrent lease liabilities for operating leases (included in Deferred credits and other noncurrent obligations)3
Adjusted total debt
Adjustments to Equity
Less: Deferred taxes, net4
Add: Allowance for doubtful accounts
Add: LIFO reserve5
Add: Accrued severance liability
Add: Noncontrolling interests
Adjusted total equity
After Adjustment
Adjusted total capital

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current lease liabilities for operating leases (included in Accrued liabilities). See details »

3 Noncurrent lease liabilities for operating leases (included in Deferred credits and other noncurrent obligations). See details »

4 Deferred taxes, net. See details »

5 LIFO reserve. See details »


Adjustments to Reported Income

Chevron Corp., adjusted net income (loss) attributable to Chevron Corporation

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Net income (loss) attributable to Chevron Corporation
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in allowance for doubtful accounts
Add: Increase (decrease) in LIFO reserve2
Add: Increase (decrease) in accrued severance liability
Add: Other comprehensive gain (loss), net of tax
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest
After Adjustment
Adjusted net income (loss)

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

1 Deferred income tax expense (benefit). See details »

2 Increase (decrease) in LIFO reserve. See details »