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: Liabilities and Stockholders’ Equity

EOG Resources Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Accounts payable 6.54 6.60 6.19 5.13 5.46
Accrued taxes payable 0.69 0.63 0.50 0.40 0.35
Dividends payable 0.45 0.37 0.32 0.33 0.34
Liabilities from price risk management activities 0.05 0.00 0.17 0.21 0.00
Current portion of long-term debt 2.73 2.69 1.19 0.02 0.02
Current portion of operating lease liabilities 0.99 0.00 0.00 0.00 0.00
Other 0.63 0.69 0.76 0.79 0.58
Current liabilities 12.09% 10.99% 9.14% 6.88% 6.74%
Long-term debt, excluding current portion 11.21 15.24 20.22 23.69 24.67
Other liabilities 4.82 3.71 4.27 4.35 3.60
Deferred income taxes 13.59 13.01 11.79 17.61 17.01
Noncurrent liabilities 29.62% 31.95% 36.28% 45.66% 45.27%
Total liabilities 41.71% 42.94% 45.42% 52.54% 52.02%
Common stock, $0.01 par 0.55 0.61 0.69 0.70 0.76
Additional paid in capital 15.67 16.68 18.56 18.40 10.84
Accumulated other comprehensive loss -0.01 0.00 -0.06 -0.06 -0.12
Retained earnings 42.15 39.91 35.51 28.51 36.59
Common stock held in treasury -0.07 -0.12 -0.11 -0.08 -0.09
Stockholders’ equity 58.29% 57.06% 54.58% 47.46% 47.98%
Total liabilities and stockholders’ equity 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).

A systemic shift in the capital structure is evident between 2015 and 2019, characterized by a transition from a debt-heavy balance sheet toward a more equity-funded position. Total liabilities decreased from 52.02% of total liabilities and stockholders’ equity in 2015 to 41.71% by 2019, while total stockholders’ equity rose from 47.98% to 58.29% over the same period.

Noncurrent Liabilities and Long-Term Debt
A significant contraction in noncurrent liabilities is observed, falling from 45.27% in 2015 to 29.62% in 2019. This trend is primarily driven by the reduction of long-term debt, excluding the current portion, which declined steadily from 24.67% in 2015 to 11.21% in 2019. This represents a substantial deleveraging of the long-term capital structure.
Current Liabilities
In contrast to long-term obligations, current liabilities exhibited a consistent upward trend, increasing from 6.74% in 2015 to 12.09% in 2019. This increase is attributed to a rise in accounts payable, which grew from 5.46% to 6.54%, and a notable increase in the current portion of long-term debt, which rose from a negligible 0.02% in 2015 and 2016 to 2.73% by 2019.
Stockholders’ Equity and Retained Earnings
The equity position strengthened significantly, particularly after 2016. Retained earnings, after a dip to 28.51% in 2016, grew to 42.15% by 2019, becoming the dominant component of the funding structure. This suggests a strong capacity for internal capital generation. Additionally, additional paid-in capital saw a sharp increase from 10.84% in 2015 to 18.40% in 2016, remaining relatively stable thereafter.
Deferred Tax Liabilities
Deferred income taxes showed volatility, starting at 17.01% in 2015, peaking at 17.61% in 2016, before dropping to 11.79% in 2017 and moderately recovering to 13.59% by 2019. Despite these fluctuations, they remain a significant portion of the total liability profile.

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