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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	EOG Resources Inc. current assets increased from 2017 to 2018 and from 2018 to 2019.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	EOG Resources Inc. property, plant and equipment, net increased from 2017 to 2018 and from 2018 to 2019.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	EOG Resources Inc. noncurrent assets increased from 2017 to 2018 and from 2018 to 2019.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	EOG Resources Inc. total assets increased from 2017 to 2018 and from 2018 to 2019.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	EOG Resources Inc. cash and cash equivalents increased from 2017 to 2018 and from 2018 to 2019.
Accounts receivable, net	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	EOG Resources Inc. accounts receivable, net increased from 2017 to 2018 and from 2018 to 2019.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	EOG Resources Inc. inventories increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.

EOG Resources Inc. (NYSE:EOG)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items