Name: EOG Resources Inc. (NYSE:EOG) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

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.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

EOG Resources Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Cash and cash equivalents	2,027,972)	1,583,105)	1,160,485)	1,135,810)	1,555,634)	1,274,132)	1,008,215)	816,094)	834,228)	846,138)	1,649,443)	1,546,566)	1,599,895)	1,048,727)	779,722)	668,481)	718,506)	742,689)	1,367,395)	2,127,419)
Accounts receivable, net	2,001,658)	1,927,996)	2,001,953)	2,203,438)	1,915,215)	2,151,247)	1,907,990)	1,702,100)	1,597,494)	1,243,535)	1,114,454)	1,187,112)	1,216,320)	920,189)	935,592)	780,625)	930,610)	1,123,111)	1,304,848)	1,266,582)
Inventories	767,297)	778,120)	853,128)	860,764)	859,359)	766,964)	670,994)	584,729)	483,865)	344,016)	336,198)	314,194)	350,017)	429,667)	495,826)	538,926)	598,935)	660,252)	661,162)	764,206)
Assets from price risk management activities	1,299)	122,627)	134,951)	3,909)	23,806)	1,569)	1,840)	761)	7,699)	3,297)	4,746)	1,142)	—)	2,185)	—)	4,070)	—)	71,503)	106,821)	329,825)
Income taxes receivable	151,665)	135,680)	121,364)	440,217)	427,909)	320,938)	364,119)	262,789)	113,357)	126,881)	91,256)	80,503)	12,305)	178)	4,880)	39,045)	40,704)	53,667)	48,448)	61,120)
Deferred income taxes	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	169,387)	137,098)	46,712)	177,057)	147,812)	40,619)	39,613)	18,703)
Other	323,448)	272,203)	223,640)	263,747)	275,467)	302,242)	278,694)	218,624)	242,465)	200,096)	187,276)	264,559)	206,679)	199,720)	187,389)	157,608)	155,677)	133,117)	209,431)	225,513)
Current assets	5,273,339)	4,819,731)	4,495,521)	4,907,885)	5,057,390)	4,817,092)	4,231,852)	3,585,097)	3,279,108)	2,763,963)	3,383,373)	3,394,076)	3,554,603)	2,737,764)	2,450,121)	2,365,812)	2,592,244)	2,824,958)	3,737,718)	4,793,368)
Oil and gas properties (successful efforts method)	62,830,415)	61,620,033)	60,214,151)	58,691,746)	57,330,016)	56,799,237)	55,319,050)	53,854,438)	52,555,741)	51,716,999)	50,973,760)	50,195,608)	49,592,091)	50,465,979)	51,355,620)	51,159,332)	50,613,241)	50,025,191)	48,936,092)	47,727,944)
Other property, plant and equipment	4,472,246)	4,394,486)	4,328,675)	4,277,888)	4,220,665)	4,191,958)	4,141,479)	4,082,781)	3,960,759)	3,934,137)	3,883,759)	3,977,721)	4,008,564)	4,013,602)	4,001,132)	4,004,310)	3,986,610)	3,890,934)	3,840,210)	3,849,210)
Property, plant and equipment	67,302,661)	66,014,519)	64,542,826)	62,969,634)	61,550,681)	60,991,195)	59,460,529)	57,937,219)	56,516,500)	55,651,136)	54,857,519)	54,173,329)	53,600,655)	54,479,581)	55,356,752)	55,163,642)	54,599,851)	53,916,125)	52,776,302)	51,577,154)
Accumulated depreciation, depletion and amortization	(36,938,066)	(35,810,197)	(34,818,395)	(33,840,631)	(33,475,162)	(33,043,454)	(32,306,734)	(31,561,571)	(30,851,463)	(29,926,547)	(29,277,359)	(28,566,869)	(27,893,577)	(31,835,196)	(32,143,873)	(31,362,209)	(30,389,130)	(29,640,793)	(22,801,124)	(21,855,433)
Property, plant and equipment, net	30,364,595)	30,204,322)	29,724,431)	29,129,003)	28,075,519)	27,947,741)	27,153,795)	26,375,648)	25,665,037)	25,724,589)	25,580,160)	25,606,460)	25,707,078)	22,644,385)	23,212,879)	23,801,433)	24,210,721)	24,275,332)	29,975,178)	29,721,721)
Deferred income taxes	2,363)	1,998)	1,489)	1,224)	777)	16,880)	17,067)	18,182)	17,506)	17,406)	16,888)	16,232)	—)	—)	—)	—)	—)	—)	—)	—)
Other assets	1,484,311)	1,516,218)	1,530,060)	1,625,423)	800,788)	856,023)	689,666)	761,590)	871,427)	299,347)	283,196)	195,206)	197,752)	172,772)	167,538)	171,178)	172,279)	176,957)	171,200)	177,365)
Noncurrent assets	31,851,269)	31,722,538)	31,255,980)	30,755,650)	28,877,084)	28,820,644)	27,860,528)	27,155,420)	26,553,970)	26,041,342)	25,880,244)	25,817,898)	25,904,830)	22,817,157)	23,380,417)	23,972,611)	24,383,000)	24,452,289)	30,146,378)	29,899,086)
Total assets	37,124,608)	36,542,269)	35,751,501)	35,663,535)	33,934,474)	33,637,736)	32,092,380)	30,740,517)	29,833,078)	28,805,305)	29,263,617)	29,211,974)	29,459,433)	25,554,921)	25,830,538)	26,338,423)	26,975,244)	27,277,247)	33,884,096)	34,692,454)

The overall asset trajectory of the organization is characterized by a significant contraction between early 2015 and late 2016, followed by a sustained period of recovery and expansion through the end of 2019. Total assets decreased from 34.69 billion USD in March 2015 to a trough of 25.55 billion USD in September 2016, before climbing steadily to reach 37.12 billion USD by December 2019.

Current Asset Dynamics: Current assets exhibited substantial volatility, starting at 4.79 billion USD in March 2015, dropping to 2.37 billion USD by March 2016, and eventually rising to 5.27 billion USD by December 2019. This movement was primarily driven by fluctuations in cash and cash equivalents, which saw a sharp decline from 2.13 billion USD in early 2015 to 668 million USD in March 2016, before recovering to 2.03 billion USD by the end of the period.; Accounts receivable showed a consistent long-term upward trend, increasing from 1.27 billion USD in March 2015 to 2.00 billion USD in December 2019, indicating an expansion in credit sales or longer collection cycles. Inventories followed a U-shaped pattern, declining from 764 million USD in March 2015 to a low of 314 million USD in March 2017, and returning to 767 million USD by December 2019.
Fixed Asset Investment and Impairment: Gross property, plant, and equipment experienced steady growth over the analyzed period, increasing from 51.58 billion USD in March 2015 to 67.30 billion USD in December 2019. This indicates continuous capital investment in oil and gas properties.; A notable event occurred in the third quarter of 2015, where accumulated depreciation, depletion, and amortization spiked from 22.80 billion USD in June 2015 to 29.64 billion USD in September 2015. This abrupt increase suggests a significant impairment charge or a change in accounting estimates regarding asset lives. Following this event, net property, plant, and equipment declined to a low of 22.64 billion USD in September 2016 before entering a growth phase, reaching 30.36 billion USD by December 2019.
Non-Current Asset Composition: Non-current assets followed the trend of net fixed assets, bottoming out at 22.82 billion USD in September 2016 and recovering to 31.85 billion USD by December 2019. Other assets also showed significant growth in the latter half of the period, increasing from approximately 177 million USD in 2015 to 1.48 billion USD by the end of 2019, contributing to the overall strengthening of the balance sheet.

AI Ask an analyst for more

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.

How can I help you?

EOG Resources Inc. (NYSE:EOG)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data