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

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (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
Accounts payable	2,429,127)	2,395,080)	2,387,403)	2,452,337)	2,239,850)	2,435,773)	2,336,952)	1,915,651)	1,847,131)	1,635,711)	1,615,170)	1,556,875)	1,511,826)	1,296,240)	1,305,651)	1,182,025)	1,471,953)	1,561,574)	1,864,483)	2,182,041)
Accrued taxes payable	254,850)	302,774)	268,837)	239,524)	214,726)	249,234)	213,461)	179,646)	148,874)	180,277)	155,458)	143,710)	118,411)	143,257)	138,395)	93,077)	93,618)	174,897)	164,366)	121,729)
Dividends payable	166,273)	166,215)	165,999)	126,979)	126,971)	126,829)	106,569)	106,521)	96,410)	96,349)	96,145)	96,155)	96,120)	91,842)	91,679)	91,569)	91,546)	91,377)	91,500)	91,280)
Liabilities from price risk management activities	20,194)	—)	—)	746)	—)	132,618)	195,457)	84,128)	50,429)	2,827)	—)	7,636)	61,817)	—)	1,315)	—)	—)	—)	—)	—)
Deferred income taxes	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	62,209)
Current portion of long-term debt	1,014,524)	1,014,200)	1,013,876)	914,861)	913,093)	1,262,874)	1,262,540)	363,155)	356,235)	6,579)	606,454)	6,579)	6,579)	6,579)	6,579)	6,579)	6,579)	36,279)	6,579)	506,579)
Current portion of operating lease liabilities	369,365)	384,348)	396,547)	396,294)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other	232,655)	211,096)	181,395)	170,527)	233,724)	217,819)	182,322)	187,657)	226,463)	258,281)	249,027)	221,052)	232,538)	195,045)	168,642)	174,722)	155,591)	182,834)	150,653)	130,914)
Current liabilities	4,486,988)	4,473,713)	4,414,057)	4,301,268)	3,728,364)	4,425,147)	4,297,301)	2,836,758)	2,725,542)	2,180,024)	2,722,254)	2,032,007)	2,027,291)	1,732,963)	1,712,261)	1,547,972)	1,819,287)	2,046,961)	2,277,581)	3,094,752)
Long-term debt, excluding current portion	4,160,919)	4,163,115)	4,165,284)	5,166,050)	5,170,169)	5,171,949)	5,172,257)	6,071,604)	6,030,836)	6,380,427)	6,380,350)	6,980,008)	6,979,779)	6,979,538)	6,979,286)	6,979,029)	6,653,685)	6,393,931)	6,393,885)	6,393,690)
Other liabilities	1,789,884)	1,858,357)	1,803,475)	1,772,248)	1,258,355)	1,302,249)	1,304,624)	1,301,938)	1,275,213)	1,215,113)	1,199,778)	1,248,102)	1,282,142)	975,763)	978,513)	985,713)	971,335)	970,288)	986,758)	959,068)
Deferred income taxes	5,046,101)	4,922,804)	4,738,409)	4,520,172)	4,413,398)	4,199,921)	3,865,804)	3,689,578)	3,518,214)	5,107,477)	5,059,520)	5,023,626)	5,188,640)	4,068,345)	4,103,777)	4,420,221)	4,587,902)	4,581,844)	6,798,629)	6,774,446)
Noncurrent liabilities	10,996,904)	10,944,276)	10,707,168)	11,458,470)	10,841,922)	10,674,119)	10,342,685)	11,063,120)	10,824,263)	12,703,017)	12,639,648)	13,251,736)	13,450,561)	12,023,646)	12,061,576)	12,384,963)	12,212,922)	11,946,063)	14,179,272)	14,127,204)
Total liabilities	15,483,892)	15,417,989)	15,121,225)	15,759,738)	14,570,286)	15,099,266)	14,639,986)	13,899,878)	13,549,805)	14,883,041)	15,361,902)	15,283,743)	15,477,852)	13,756,609)	13,773,837)	13,932,935)	14,032,209)	13,993,024)	16,456,853)	17,221,956)
Common stock, $0.01 par	205,822)	205,821)	205,809)	205,807)	205,804)	205,803)	205,796)	205,793)	205,788)	205,786)	205,777)	205,776)	205,770)	205,514)	205,510)	205,506)	205,502)	205,503)	205,496)	205,492)
Additional paid in capital	5,817,475)	5,769,073)	5,729,318)	5,695,197)	5,658,794)	5,626,259)	5,591,643)	5,569,194)	5,536,547)	5,513,631)	5,485,832)	5,447,291)	5,420,385)	2,992,887)	2,982,047)	2,951,861)	2,923,461)	2,897,439)	2,857,588)	2,819,015)
Accumulated other comprehensive loss	(4,652)	(3,689)	(4,528)	(2,869)	(1,358)	(19,458)	(17,512)	(14,289)	(19,297)	(17,160)	(17,490)	(18,664)	(19,010)	(25,100)	(25,264)	(31,131)	(33,338)	(34,979)	(28,003)	(36,434)
Retained earnings	15,648,604)	15,179,381)	14,731,609)	14,050,676)	13,543,130)	12,778,104)	11,714,656)	11,125,051)	10,593,533)	8,259,971)	8,256,359)	8,329,951)	8,398,118)	8,641,704)	8,923,666)	9,308,463)	9,870,816)	10,247,349)	14,414,926)	14,501,816)
Common stock held in treasury	(26,533)	(26,306)	(31,932)	(45,014)	(42,182)	(52,238)	(42,189)	(45,110)	(33,298)	(39,964)	(28,763)	(36,123)	(23,682)	(16,693)	(29,258)	(29,211)	(23,406)	(31,089)	(22,764)	(19,391)
Stockholders’ equity	21,640,716)	21,124,280)	20,630,276)	19,903,797)	19,364,188)	18,538,470)	17,452,394)	16,840,639)	16,283,273)	13,922,264)	13,901,715)	13,928,231)	13,981,581)	11,798,312)	12,056,701)	12,405,488)	12,943,035)	13,284,223)	17,427,243)	17,470,498)
Total liabilities and stockholders’ equity	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)

An analysis of the financial position between March 2015 and December 2019 reveals a strategic shift in the capital structure, characterized by a reduction in long-term debt and a substantial strengthening of stockholders' equity. While total liabilities remained relatively stable over the five-year period, the composition shifted from long-term obligations toward current liabilities.

Current Liabilities Trends: Current liabilities exhibited significant volatility, beginning at 3.09 billion in March 2015, declining to a low of 1.55 billion in March 2016, and subsequently rising to 4.49 billion by December 2019. This growth was primarily driven by an increase in accounts payable, which grew from 1.18 billion in early 2016 to 2.43 billion by the end of 2019. Furthermore, the current portion of long-term debt showed sharp fluctuations, most notably peaking at 1.26 billion in mid-2018. The introduction of current operating lease liabilities in 2019, averaging approximately 380 million, also contributed to the expansion of short-term obligations.
Noncurrent Liabilities and Long-Term Debt: A consistent downward trend is observed in long-term debt excluding the current portion, which decreased from 6.39 billion in March 2015 to 4.16 billion by December 2019. This suggests a systematic deleveraging process. Noncurrent liabilities overall declined from 14.13 billion to 11.00 billion over the period. A significant component of these liabilities, deferred income taxes, showed a U-shaped pattern, dropping from 6.77 billion in 2015 to a low of 3.52 billion in December 2017 before recovering to 5.05 billion by late 2019.
Stockholders' Equity and Capital Accumulation: Stockholders' equity demonstrated strong resilience and growth, ending the period at 21.64 billion, compared to 17.47 billion in March 2015. A notable contraction occurred in 2016, with equity dipping to 11.80 billion in September 2016, largely due to a decline in retained earnings. However, a robust recovery followed, with retained earnings climbing from 8.33 billion in March 2017 to 15.65 billion by December 2019. Additionally, a significant increase in additional paid-in capital occurred in December 2016, jumping from 2.99 billion to 5.42 billion, indicating a substantial infusion of capital.

The overall trajectory indicates an improvement in solvency and financial stability. The combination of reduced long-term debt and the aggressive growth of retained earnings suggests a transition toward a more equity-funded capital structure, reducing the organization's reliance on external long-term borrowing.

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EOG Resources Inc. (NYSE:EOG)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data