Common-Size Income Statement
Quarterly Data
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- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Current Ratio since 2005
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ConocoPhillips, common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Equity in earnings of affiliates
- The equity in earnings of affiliates generally demonstrates an upward trend between 2020 and 2023, rising from 3.8% in the first quarter of 2020 to a peak of 3.38% in the fourth quarter of 2023 before experiencing some fluctuations. The percentages remain mostly above 2%, indicating sustained contributions from affiliate earnings relative to sales revenues.
- Gain (loss) on dispositions
- This item displays considerable volatility, with a notable spike to 21.68% in the second quarter of 2020 followed by sharp declines near zero or negative values in subsequent quarters. More moderate gains are observed from 2021 onward, though values oscillate with both positive and negative outcomes, suggesting an inconsistent impact of asset sales or disposals on overall revenue.
- Other income (loss)
- Other income experienced large negative and positive swings early in 2020, shifting from -24.99% to 21.61%, then settling into a relatively narrow and stable positive range around 0.2% to 0.99% from 2021 through 2025. This stability indicates a reduction in volatility of ancillary income sources over time.
- Revenues and other income
- After an initial increase from 78.13% in Q1 2020 to a peak of 146.09% in Q2 2020, revenues and other income stabilized within a tight range near or slightly above 100% in subsequent periods. This suggests recovery and normalization of total income relative to sales following earlier fluctuations, maintaining a consistent proportion to sales over time.
- Purchased commodities
- Purchased commodities costs generally remain significant and negative, fluctuating between -35% and -47% of sales. There is a noticeable peak spend of -47.07% in Q4 2022 with variability thereafter, but the costs appear to trend slightly lower in later periods, potentially reflecting improved commodity purchasing efficiency or altered procurement strategies.
- Production and operating expenses
- Operating expenses declined substantially from a high negative ratio of -38.09% in Q2 2020 to around -8.9% by Q1 2022. However, from 2022 onward, the ratio gradually rose again to roughly -18% by mid-2025. This pattern indicates initial cost-cutting or efficiency gains during the pandemic period, followed by gradual expense increases over the longer term.
- Selling, general and administrative expenses
- This expense category shows a decreasing trend during 2020, starting near zero and dipping to around -5.67%, before stabilizing between roughly -1.0% and -1.8% in later quarters. The data suggests episodic management of administrative costs, with some reduced volatility in recent years but a brief spike to -4.43% in Q1 2025.
- Exploration expenses
- Exploration expenses remain relatively low and stable, fluctuating modestly between -0.85% and -0.39%, with a few quarters showing slight increases or decreases. The relatively contained variation reflects consistent investment levels in exploration activities relative to sales.
- Depreciation, depletion and amortization
- This expense decreases sharply from a high of -42.12% in Q2 2020 to about -8.55% in Q1 2022, indicating substantial reductions, then gradually increasing again to about -20.27% by Q4 2025. The trend may reflect asset base adjustments and changing capital expenditure amortization patterns over the period.
- Impairments
- The impairments line is generally near zero with sporadic small negative values, indicating minimal impact from asset write-downs during the majority of the periods analyzed.
- Taxes other than income taxes
- This taxation category exhibits moderate variation around -3% to -5%, with no clear long-term trend but occasional increases and decreases, reflecting relative stability in tax costs other than income taxes.
- Accretion on discounted liabilities
- Accretion expenses generally decrease from about -2.4% in mid-2020 to approximately -0.29% by 2022, then rise slightly again to near -0.68% by mid-2025, implying fluctuations in the cost of liabilities' discounting over time.
- Operating income (loss)
- Operating income improved markedly from negative values in early 2020 (-23.66%) to a strong positive peak of about 45.06% by Q1 2022. Thereafter, it exhibits a gradual declining trend but remains positive, ending near 23.18% in mid-2025. This reflects significant recovery and operational profitability gains following the low point in early 2020.
- Interest and debt expense
- This expense decreases steadily from about -7.35% in mid-2020 to roughly -0.95% by late 2022, before rising modestly to around -1.66% by mid-2025, indicating an overall improvement in debt costs with slight recent increases.
- Foreign currency transaction gain (loss)
- Currency-related gains and losses fluctuate narrowly around zero with frequent small positive and negative values, indicating minimal net impact on the overall financial performance.
- Other expenses
- Other expenses show mostly low and variable values, occasionally dipping below zero and briefly spiking to -1.33% in early 2025, suggesting irregular and relatively minor impacts from miscellaneous costs.
- Income (loss) before income taxes
- The income before tax mirrors the operating income patterns, showing a recovery from negative territory in early 2020 to a strong positive range near 44.47% by Q1 2022, then a progressive decline while maintaining positive ratios through mid-2025, evidencing improved pre-tax profitability.
- Income tax (provision) benefit
- Income tax provisions vary considerably, with negative values strengthening during 2021 to 2023, reaching peaks near -13.86%, then moderating somewhat by 2025. This variability indicates changes in effective tax rates or taxable income bases across periods.
- Net income (loss)
- Net income follows a distinct recovery path from a significant loss of -27.78% in Q1 2020 to positive net income peaking above 32% in Q1 2022, before gradually decreasing to values near 14.07% by mid-2025. This trajectory reflects successful turnaround efforts and improved profitability post-pandemic onset.
- Net income attributable to noncontrolling interests
- Values are partially reported, showing small negative impact early on but insufficient data to identify a clear trend.
- Net income attributable to ConocoPhillips
- These figures mirror the overall net income trend closely, evidencing significant loss in early 2020 and strong profitability with a peak near 32.42% in Q1 2022, then trending downwards moderately but remaining positive through mid-2025.