Name: EOG Resources Inc. (NYSE:EOG) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Accounts payable	2,429,127)	2,239,850)	1,847,131)	1,511,826)	1,471,953)
Accrued taxes payable	254,850)	214,726)	148,874)	118,411)	93,618)
Dividends payable	166,273)	126,971)	96,410)	96,120)	91,546)
Liabilities from price risk management activities	20,194)	—)	50,429)	61,817)	—)
Current portion of long-term debt	1,014,524)	913,093)	356,235)	6,579)	6,579)
Current portion of operating lease liabilities	369,365)	—)	—)	—)	—)
Other	232,655)	233,724)	226,463)	232,538)	155,591)
Current liabilities	4,486,988)	3,728,364)	2,725,542)	2,027,291)	1,819,287)
Long-term debt, excluding current portion	4,160,919)	5,170,169)	6,030,836)	6,979,779)	6,653,685)
Other liabilities	1,789,884)	1,258,355)	1,275,213)	1,282,142)	971,335)
Deferred income taxes	5,046,101)	4,413,398)	3,518,214)	5,188,640)	4,587,902)
Noncurrent liabilities	10,996,904)	10,841,922)	10,824,263)	13,450,561)	12,212,922)
Total liabilities	15,483,892)	14,570,286)	13,549,805)	15,477,852)	14,032,209)
Common stock, $0.01 par	205,822)	205,804)	205,788)	205,770)	205,502)
Additional paid in capital	5,817,475)	5,658,794)	5,536,547)	5,420,385)	2,923,461)
Accumulated other comprehensive loss	(4,652)	(1,358)	(19,297)	(19,010)	(33,338)
Retained earnings	15,648,604)	13,543,130)	10,593,533)	8,398,118)	9,870,816)
Common stock held in treasury	(26,533)	(42,182)	(33,298)	(23,682)	(23,406)
Stockholders’ equity	21,640,716)	19,364,188)	16,283,273)	13,981,581)	12,943,035)
Total liabilities and stockholders’ equity	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).

The financial position exhibits a consistent expansion of the balance sheet, with total liabilities and stockholders' equity increasing from 26.98 billion US dollars in 2015 to 37.12 billion US dollars by 2019. This growth is primarily driven by a substantial increase in stockholders' equity, while total liabilities remained relatively stable over the five-year period, moving from 14.03 billion US dollars to 15.48 billion US dollars.

Liability Composition and Debt Management: A significant shift is observed in the structure of liabilities, characterized by a transition from long-term to short-term obligations. Current liabilities grew steadily from 1.82 billion US dollars in 2015 to 4.49 billion US dollars in 2019. This increase is attributed to a rise in accounts payable, which grew from 1.47 billion US dollars to 2.43 billion US dollars, and a sharp increase in the current portion of long-term debt, which rose from 6.58 million US dollars in 2016 to 1.01 billion US dollars in 2019.; Conversely, noncurrent liabilities showed a general downward trend, decreasing from 12.21 billion US dollars in 2015 to 11.00 billion US dollars in 2019. This was largely driven by a concerted reduction in long-term debt, excluding the current portion, which fell from 6.65 billion US dollars to 4.16 billion US dollars over the period.
Equity Growth and Capital Structure: Stockholders' equity demonstrated robust growth, increasing from 12.94 billion US dollars in 2015 to 21.64 billion US dollars in 2019. The primary catalyst for this expansion was the growth in retained earnings, which, despite a dip in 2016, rose to 15.65 billion US dollars by the end of 2019.; Additional paid-in capital saw a significant increase between 2015 and 2016, rising from 2.92 billion US dollars to 5.42 billion US dollars, before stabilizing through 2019. This indicates a period of capital injection early in the analyzed timeframe.
Solvency and Financial Risk: The overall solvency profile improved over the five-year period. The ratio of total liabilities to stockholders' equity decreased as equity grew more rapidly than liabilities. The reduction in long-term debt, paired with the accumulation of retained earnings, suggests a strategy of deleveraging and increasing internal capital strength.; A notable emerging obligation is the current portion of operating lease liabilities, which first appeared in the 2019 figures at 369.37 million US dollars, introducing a new component to the short-term liability structure.

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