Stock Analysis on Net
Stock Analysis on Net

EOG Resources Inc. (NYSE:EOG)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 27, 2020.

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

Microsoft Excel
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
Accrued taxes payable
Dividends payable
Liabilities from price risk management activities
Deferred income taxes
Current portion of long-term debt
Current portion of operating lease liabilities
Other
Current liabilities
Long-term debt, excluding current portion
Other liabilities
Deferred income taxes
Noncurrent liabilities
Total liabilities
Common stock, $0.01 par
Additional paid in capital
Accumulated other comprehensive loss
Retained earnings
Common stock held in treasury
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

Accounts Payable
The accounts payable balance showed a general decline from Q1 2015 to Q1 2016, decreasing from approximately $2.18 billion to $1.18 billion. Subsequently, the balance fluctuated and increased over the years, reaching around $2.43 billion by Q4 2019. This reflects increasing short-term obligations toward suppliers in the later periods.
Accrued Taxes Payable
Accrued taxes payable fluctuated without a clear trend until mid-2016. From Q1 2018 onward, there was a notable upward movement, with balances rising from about $179 million to nearly $303 million by Q3 2019, followed by a slight decrease by year-end 2019. This suggests rising tax liabilities in recent years.
Dividends Payable
Dividends payable remained relatively stable around $91 million during 2015-2016, followed by a gradual increase that culminated in a significant jump from approximately $127 million in late 2018 to about $166 million by the end of 2019, indicating higher declared but unpaid dividends over time.
Liabilities from Price Risk Management Activities
This category showed sporadic and limited reporting but reflected significant spikes in certain quarters, particularly in late 2017 and throughout 2018. The fluctuations indicate active hedging or risk management activities during these periods, with liabilities peaking dramatically in Q3 2018.
Current Portion of Long-Term Debt
The current portion of long-term debt exhibited dramatic volatility, with extremely low values in most quarters prior to 2017, then a sharp increase to over $600 million in Q2 2017 and exceeding $1.2 billion in late 2018. The balances slightly decreased but remained above $900 million through 2019, indicating refinancing or reclassification impacting near-term debt obligations.
Current Portion of Operating Lease Liabilities
Operating lease liabilities were not reported until 2019, where they appeared at around $396 million and then slightly diminished to approximately $369 million by Q4 2019, reflecting new lease accounting standards likely implemented in that year.
Other Current Liabilities
“Other” current liabilities increased steadily from about $131 million in early 2015 to roughly $257 million in 2017, followed by some fluctuations, ending near $233 million by the end of 2019. The trend suggests growing miscellaneous short-term payables.
Current Liabilities
The total current liabilities declined from approximately $3.09 billion in Q1 2015 to about $1.55 billion by Q1 2016, then showed an overall increasing trend to peak above $4.48 billion by Q4 2019. This rise aligns with increases in accounts payable, accrued taxes, dividends payable, current portions of debt, and new lease liabilities, indicating rising short-term obligations.
Long-Term Debt, Excluding Current Portion
Long-term debt remained stable around $6.4 billion through 2015-2017 before declining sharply starting in 2018 to about $5.2 billion, then further reducing to approximately $4.16 billion by the end of 2019. This reduction suggests ongoing debt repayment or restructuring efforts.
Other Liabilities
Other liabilities were generally stable, fluctuating between $950 million and $1.3 billion in 2015-2017, then increasing substantially in 2019, reaching close to $1.8 billion by year-end. The surge in 2019 possibly indicates additional noncurrent obligations or adjustments to previous liabilities.
Deferred Income Taxes
Deferred income taxes reported twice with differing values showed an initial amount of roughly $62 million in early 2015 (current portion) and a much larger balance in noncurrent deferred taxes, around $6.7 billion at the start and fluctuating through the period. The noncurrent deferred income taxes declined in mid-2015 but gradually increased again, ending near $5 billion by late 2019, reflecting the impact of tax timing differences and regulatory changes.
Noncurrent Liabilities
Noncurrent liabilities decreased from approximately $14.13 billion in early 2015 to around $10.3 billion in 2017, followed by moderate increases and ending near $11 billion by late 2019. The pattern implies management of long-term obligations with some volatility due to debt repayments, lease adjustments, or tax-related liabilities.
Total Liabilities
Total liabilities decreased from about $17.22 billion in Q1 2015 to around $13.93 billion in early 2016 but recovered to approximately $15.48 billion by Q4 2019, reflecting combined effects of increasing current liabilities offset by decreasing long-term debt and fluctuating noncurrent liabilities.
Common Stock and Additional Paid-in Capital
The common stock par value remained virtually constant over the entire period at about $205 million. Additional paid-in capital increased steadily from $2.82 billion in early 2015 to nearly $5.82 billion by the end of 2019, indicating ongoing equity contributions or retained equity adjustments.
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss improved somewhat from negative $36 million in early 2015, fluctuated in a narrow negative range over the years, reaching a minimal negative balance near $1 million in early 2019, but deteriorated again slightly to nearly negative $4.6 million by the end of 2019. This suggests some volatility in unrealized gains/losses on certain equity components.
Retained Earnings
Retained earnings showed a general increase, starting at roughly $14.5 billion in early 2015, dipping to about $8.4 billion in late 2016, and then recovering and growing substantially to over $15.6 billion by the end of 2019. This indicates profitability improvement or adjustment in accumulated earnings after 2016.
Common Stock Held in Treasury
Treasury stock showed increasing negative balances, indicating greater repurchases or holdings, moving from negative $19 million in 2015 to around negative $52 million in Q3 2018, before fluctuating and ending near negative $26 million in 2019, reflecting varying treasury stock transactions.
Stockholders’ Equity
Stockholders’ equity declined from about $17.47 billion in early 2015 to $12.4 billion in early 2016, then rose steadily to $21.6 billion by late 2019. This recovery and growth align with increasing retained earnings and additional paid-in capital after mid-2016.
Total Liabilities and Stockholders’ Equity
The overall total liabilities and equity closely follow the combined changes in liabilities and equity components, decreasing sharply in 2016 to about $26.3 billion, and then consistently rising to approximately $37.1 billion by year-end 2019, demonstrating balance sheet growth over this period.