Microsoft Excel LibreOffice Calc

Statement of Financial Position, Assets

Difficulty: Beginner

The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's 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.

Chevron Corp., Consolidated Statement of Financial Position, Assets

USD $ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Cash and cash equivalents 4,813  6,988  11,022  12,785  16,245 
Time deposits –  –  – 
Marketable securities 13  310  422  263 
Accounts and notes receivable, less allowance 15,353  14,092  12,860  16,736  21,622 
Inventories 5,585  5,419  6,334  6,505  6,380 
Prepaid expenses and other current assets 2,800  3,107  4,821  5,776  5,732 
Current assets 28,560  29,619  35,347  42,232  50,250 
Long-term receivables, net 2,849  2,485  2,412  2,817  2,833 
Investments in companies accounted for using the equity method 31,786  29,346  26,004  25,719  24,069 
Advances to companies accounted for using the equity method 319  443  574  616  809 
Other investments accounted for at or below cost 392  461  532  577  624 
Investments and advances 32,497  30,250  27,110  26,912  25,502 
Properties, plant and equipment, net 177,712  182,186  188,396  183,173  164,829 
Deferred charges and other assets 7,017  6,838  6,801  6,299  5,120 
Goodwill 4,531  4,581  4,588  4,593  4,639 
Assets held for sale 640  4,119  1,449  –  580 
Noncurrent assets 225,246  230,459  230,756  223,794  203,503 
Total assets 253,806  260,078  266,103  266,026  253,753 

Based on: 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).

Item Description The company
Cash and cash equivalents Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Chevron Corp.'s cash and cash equivalents declined from 2015 to 2016 and from 2016 to 2017.
Marketable securities Total debt and equity financial instruments including: (1) securities held-to-maturity, (2) trading securities, and (3) securities available-for-sale which are intended to be held for less than one year or the normal operating cycle, whichever is longer. Chevron Corp.'s marketable securities declined from 2015 to 2016 and from 2016 to 2017.
Accounts and notes receivable, less allowance Carrying amount as of the balance sheet date, net of allowance for doubtful accounts, of account and note receivables due from other than related parties. Chevron Corp.'s accounts and notes receivable, less allowance increased from 2015 to 2016 and from 2016 to 2017.
Inventories Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Chevron Corp.'s inventories declined from 2015 to 2016 but then slightly increased from 2016 to 2017.
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Chevron Corp.'s current assets declined from 2015 to 2016 and from 2016 to 2017.
Properties, plant and equipment, net Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Chevron Corp.'s properties, plant and equipment, net declined from 2015 to 2016 and from 2016 to 2017.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Chevron Corp.'s noncurrent assets declined from 2015 to 2016 and from 2016 to 2017.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Chevron Corp.'s total assets declined from 2015 to 2016 and from 2016 to 2017.