Stock Analysis on Net

EOG Resources Inc. (NYSE:EOG)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 27, 2020.

Common-Size Balance Sheet: Assets

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EOG Resources Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Cash and cash equivalents
Accounts receivable, net
Inventories
Assets from price risk management activities
Income taxes receivable
Deferred income taxes
Other
Current assets
Property, plant and equipment, net
Deferred income taxes
Other assets
Noncurrent assets
Total assets

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).


Cash and cash equivalents
This category exhibited fluctuations over the observed period, starting at 2.66% of total assets in 2015 and increasing to 5.46% by 2019. The proportion notably increased in 2016 and 2019, indicating a strengthening liquidity position toward the end of the period.
Accounts receivable, net
Accounts receivable as a percentage of total assets demonstrated a general upward trend from 3.45% in 2015 to a peak of 5.64% in 2018, before slightly decreasing to 5.39% in 2019. This suggests a rising level of credit extended over time, with a marginal contraction at the end.
Inventories
The inventory percentage showed variability, declining from 2.22% in 2015 to its lowest point of 1.19% in 2016, then increasing to 2.53% in 2018 before falling back slightly to 2.07% in 2019. This indicates some instability but with a general tendency towards maintaining a moderate inventory level relative to total assets.
Assets from price risk management activities
This category was not present in 2015 and 2016, emerged at minimal levels in 2017 and 2018 (0.03% and 0.07%, respectively), and then dropped to zero in 2019. This pattern could reflect a transient engagement in hedging or risk management strategies that were discontinued or reduced substantially by 2019.
Income taxes receivable
Income taxes receivable remained low overall but showed an increase from 0.15% in 2015 to a peak of 1.26% in 2018, followed by a reduction to 0.41% in 2019. This indicates variability in tax-related receivables, possibly linked to changing tax positions or timing differences in payments and refunds.
Deferred income taxes (current)
The data for deferred income taxes as a current asset shows small proportions, with 0.55% and 0.57% reported in 2015 and 2016, respectively, but no data for subsequent years. This suggests a discontinuation or reclassification in reporting deferred tax assets in later years.
Other current assets
Other current assets displayed a slight upward movement from 0.58% in 2015 to 0.87% in 2019, indicating a modest increase in miscellaneous current asset items relative to total assets.
Current assets
Current assets as a whole increased from 9.61% in 2015 to 14.2% in 2019, with a notable peak at 14.9% in 2018. This reflects a growing share of current assets in the asset structure, enhancing short-term liquidity.
Property, plant and equipment, net
This category consistently represented the largest portion of total assets but showed a declining trend from 89.75% in 2015 to 81.79% in 2019. The steady decrease indicates divestitures, depreciation, or slower additions relative to total asset growth, reducing the proportion of fixed assets.
Deferred income taxes (noncurrent)
Noncurrent deferred income taxes remained minimal throughout the period, fluctuating between 0.03% and 0.06%, and reaching zero or near zero in some years. This implies limited impact of deferred tax liabilities or assets on the noncurrent asset base.
Other assets
Other noncurrent assets exhibited a significant increase, from 0.61% in 2015 to 4.0% in 2019, with a notable jump in 2017 to 2.92%. This suggests accumulation of additional noncurrent assets outside the main fixed asset category, possibly investments or intangibles.
Noncurrent assets
Noncurrent assets as a percentage of total assets declined from 90.39% in 2015 to around 85-86% in the later years, reflecting the reduction in property, plant, and equipment relative to total assets, partially offset by growth in other noncurrent assets.
Total assets
Total assets are consistently accounted for at 100%, serving as the baseline for percentage calculations across all categories.