Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

EOG Resources Inc., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Cash and cash equivalents	2,027,972)	1,555,634)	834,228)	1,599,895)	718,506)
Accounts receivable, net	2,001,658)	1,915,215)	1,597,494)	1,216,320)	930,610)
Inventories	767,297)	859,359)	483,865)	350,017)	598,935)
Assets from price risk management activities	1,299)	23,806)	7,699)	—)	—)
Income taxes receivable	151,665)	427,909)	113,357)	12,305)	40,704)
Deferred income taxes	—)	—)	—)	169,387)	147,812)
Other	323,448)	275,467)	242,465)	206,679)	155,677)
Current assets	5,273,339)	5,057,390)	3,279,108)	3,554,603)	2,592,244)
Property, plant and equipment, net	30,364,595)	28,075,519)	25,665,037)	25,707,078)	24,210,721)
Deferred income taxes	2,363)	777)	17,506)	6,986)	6,843)
Other assets	1,484,311)	800,788)	871,427)	190,766)	165,436)
Noncurrent assets	31,851,269)	28,877,084)	26,553,970)	25,904,830)	24,383,000)
Total assets	37,124,608)	33,934,474)	29,833,078)	29,459,433)	26,975,244)

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).

Total assets exhibited a consistent growth trend from 2015 through 2019, increasing from $26.98 billion to $37.12 billion. This overall expansion was driven by simultaneous growth in both current and noncurrent asset categories.

Current Asset Analysis: Current assets more than doubled over the five-year period, rising from $2.59 billion in 2015 to $5.27 billion in 2019. Cash and cash equivalents demonstrated volatility but ended the period with significant growth, increasing from $718.5 million in 2015 to $2.03 billion in 2019. Accounts receivable, net, showed a steady upward trajectory, growing from $930.6 million to $2.00 billion. Inventories remained volatile, reaching a period low in 2016 before peaking in 2018 at $859.4 million.
Noncurrent Asset Analysis: Noncurrent assets expanded from $24.38 billion in 2015 to $31.85 billion in 2019. The primary driver was Property, plant and equipment, net, which grew from $24.21 billion to $30.36 billion, indicating sustained capital investment in long-term operational infrastructure. Other assets also saw a substantial increase, particularly between 2016 and 2017, eventually rising to $1.48 billion by 2019.

The balance sheet structure remains heavily weighted toward noncurrent assets, specifically fixed production assets. However, the accelerated growth in cash and receivables suggests an increase in short-term liquidity and working capital availability over the observed period.

EOG Resources Inc. (NYSE:EOG)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items