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).

The analysis of the financial structure over the five-year period reveals notable shifts in the composition of liabilities and stockholders’ equity.

Accounts payable and accrued taxes payable
Accounts payable show a moderate increase from 5.46% in 2015 to a peak of 6.6% in 2018, slightly declining to 6.54% in 2019. Accrued taxes payable steadily increased from 0.35% in 2015 to 0.69% in 2019, indicating rising tax obligations relative to the total capital structure.
Dividends payable
Dividends payable remained relatively stable around 0.3% initially but demonstrated a gradual increase to 0.45% by 2019, which may suggest a rising commitment to shareholder distributions.
Liabilities from price risk management activities
There was an irregular presence of these liabilities with a small peak in 2016 (0.21%) and a reduction to 0.05% by 2019, implying diminished exposure or risk mitigation activities over time.
Current portion of long-term debt and operating lease liabilities
The current portion of long-term debt saw a sharp increase from a negligible 0.02% in the early years to approximately 2.7% in 2019, indicating more debt due within a year. Additionally, operating lease liabilities appeared in 2019 at 0.99%, reflecting the adoption or increase of lease obligations.
Current liabilities
Current liabilities as a whole increased markedly from 6.74% in 2015 to 12.09% in 2019, suggesting a growing share of short-term obligations in the capital structure.
Long-term debt, excluding current portion
Long-term debt showed a consistent decline from 24.67% in 2015 to 11.21% in 2019, indicating a significant reduction in longer-term leverage, which could reflect debt repayments or refinancing.
Other liabilities and deferred income taxes
Other liabilities fluctuated slightly but ended higher at 4.82% in 2019 compared to 3.6% in 2015. Deferred income taxes decreased substantially from 17.01% in 2015 to around 13.59% in 2019, suggesting tax-related obligations became a smaller portion of total capital.
Noncurrent liabilities and total liabilities
Noncurrent liabilities dropped from 45.27% to 29.62% over five years, while total liabilities declined from 52.02% to 41.71%, confirming a shift away from long-term debt and liabilities toward other capital components.
Stockholders’ equity components
Common stock and additional paid-in capital combined show a slight decrease in their percentage contribution, with paid-in capital peaking in 2017 at 18.56% then declining to 15.67% by 2019. Retained earnings recovered and grew notably from 28.51% in 2016 to 42.15% in 2019 after a dip from 2015 to 2016, indicating accumulation of profits over time.
Accumulated other comprehensive loss and treasury stock
The accumulated other comprehensive loss remained minimal and close to zero throughout the period, while treasury stock holdings stayed marginal and stable with slight fluctuations, exerting minimal influence on equity proportions.
Stockholders’ equity overall
Stockholders’ equity increased steadily from 47.98% in 2015 to 58.29% in 2019, reflecting a stronger equity base relative to total capital.

In summary, the data indicate a deliberate reduction in long-term debt and corresponding noncurrent liabilities while current liabilities increased. The equity portion, particularly retained earnings, strengthened over the period, supporting a more balanced and equity-focused capital structure by 2019. The progressive rise in current liabilities and current portion of debt warrants attention for liquidity management, while the overall shift suggests improved financial stability and reduced leverage risk.