Stock Analysis on Net
Stock Analysis on Net

EOG Resources Inc. (NYSE:EOG)

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

Common-Size Balance Sheet: Assets

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 5.46 4.58 2.80 5.43 2.66
Accounts receivable, net 5.39 5.64 5.35 4.13 3.45
Inventories 2.07 2.53 1.62 1.19 2.22
Assets from price risk management activities 0.00 0.07 0.03 0.00 0.00
Income taxes receivable 0.41 1.26 0.38 0.04 0.15
Deferred income taxes 0.00 0.00 0.00 0.57 0.55
Other 0.87 0.81 0.81 0.70 0.58
Current assets 14.20% 14.90% 10.99% 12.07% 9.61%
Property, plant and equipment, net 81.79 82.73 86.03 87.26 89.75
Deferred income taxes 0.01 0.00 0.06 0.02 0.03
Other assets 4.00 2.36 2.92 0.65 0.61
Noncurrent assets 85.80% 85.10% 89.01% 87.93% 90.39%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

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).

The asset structure of the organization demonstrates a gradual shift from a heavily fixed-asset concentrated base toward a more liquid asset composition between 2015 and 2019. While noncurrent assets continue to dominate the balance sheet, their relative weight decreased, while current assets expanded their share of total assets.

Liquidity and Current Asset Trends
Current assets as a percentage of total assets increased from 9.61% in 2015 to 14.20% in 2019. This growth was primarily driven by an increase in cash and cash equivalents, which rose from 2.66% to 5.46%, and net accounts receivable, which grew from 3.45% to 5.39%. Inventories remained a relatively small and stable component, fluctuating between 1.19% and 2.53% over the five-year period.
Fixed Asset Concentration
Property, plant and equipment, net, represented the largest single component of total assets throughout the period. However, a consistent downward trend is observed, with its share declining from 89.75% in 2015 to 81.79% in 2019. This indicates a reduction in the relative intensity of capital-heavy assets in the overall asset mix.
Noncurrent Asset Composition
Total noncurrent assets decreased from 90.39% in 2015 to 85.80% in 2019. While the decline in property, plant and equipment was the primary driver, this was partially offset by a significant increase in other assets, which rose from 0.61% to 4.00% of total assets by the end of 2019.
Overall Structural Shift
The data reveals a strategic transition in the balance sheet profile. The organization moved away from a position where nearly 90% of assets were tied up in fixed capital toward a structure with increased financial flexibility, characterized by a higher proportion of cash and receivables relative to total assets.

AI Ask an analyst for more