Exxon Mobil Corp. (XOM)


Statement of Financial Position, Assets
Quarterly Data

Difficulty: Beginner

The statement of financial position provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

Exxon Mobil Corp., Consolidated Statement of Financial Position, Assets (quarterly data)

USD $ in millions

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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 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Cash and cash equivalents 4,213  4,586  3,042  5,669  3,430  4,125  3,177  4,266  4,042  4,897  3,657  5,093  4,358  4,846  3,705  4,296  4,343  5,184  4,616  4,962  6,083  5,601 
Cash and cash equivalents, restricted —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  35  43  42  52  198  204 
Notes and accounts receivable, net 27,132  27,105  24,701  27,880  26,993  24,686  25,597  23,263  21,289  21,842  21,394  20,388  21,827  19,814  19,875  22,157  25,957  25,031  28,009  30,963  34,182  32,480 
Crude oil, products and merchandise 14,379  13,979  14,803  14,617  14,373  13,879  12,871  12,488  11,135  10,686  10,877  10,981  11,543  11,837  12,037  12,249  12,299  11,792  12,384  13,441  13,944  14,439 
Materials and supplies 4,456  4,353  4,155  4,144  4,110  4,169  4,121  4,255  4,170  4,187  4,203  4,361  4,332  4,386  4,208  4,335  4,364  4,310  4,294  4,320  4,233  4,129 
Inventories 18,835  18,332  18,958  18,761  18,483  18,048  16,992  16,743  15,305  14,873  15,080  15,342  15,875  16,223  16,245  16,584  16,663  16,102  16,678  17,761  18,177  18,568 
Other current assets 1,563  1,553  1,272  1,665  1,649  1,456  1,368  1,480  1,544  1,519  1,285  2,122  3,768  3,368  2,798  4,197  4,649  4,298  3,565  4,857  5,373  5,011 
Current assets 51,743  51,576  47,973  53,975  50,555  48,315  47,134  45,752  42,180  43,131  41,416  42,945  45,828  44,251  42,623  47,234  51,647  50,658  52,910  58,595  64,013  61,864 
Investments, advances and long-term receivables 42,533  42,068  40,790  40,427  39,691  40,350  39,160  37,649  37,719  38,268  35,102  35,553  34,182  34,915  34,245  34,315  34,162  34,471  35,239  35,012  35,110  37,169 
Property, plant and equipment, net 250,853  248,563  247,101  249,153  248,209  250,352  252,630  255,556  252,987  253,147  244,224  251,923  254,062  255,257  251,605  250,583  253,653  249,497  252,668  251,406  251,353  245,897 
Other assets, including intangibles, net 15,600  13,982  10,332  11,073  10,335  9,809  9,767  10,470  10,126  9,663  9,572  8,965  8,401  8,366  8,285  8,530  8,798  8,335  8,676  7,751  8,110  8,103 
Noncurrent assets 308,986  304,613  298,223  300,653  298,235  300,511  301,557  303,675  300,832  301,078  288,898  296,441  296,645  298,538  294,135  293,428  296,613  292,303  296,583  294,169  294,573  291,169 
Total assets 360,729  356,189  346,196  354,628  348,790  348,826  348,691  349,427  343,012  344,209  330,314  339,386  342,473  342,789  336,758  340,662  348,260  342,961  349,493  352,764  358,586  353,033 

Based on: 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-06), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-06), 10-Q (filing date: 2014-05-07).


Assets, Selected Items

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. Exxon Mobil Corp.’s current assets increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 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. Exxon Mobil Corp.’s property, plant and equipment, net increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 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. Exxon Mobil Corp.’s noncurrent assets increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 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. Exxon Mobil Corp.’s total assets increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.

Current Assets, Selected Items

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. Exxon Mobil Corp.’s cash and cash equivalents increased from Q4 2018 to Q1 2019 but then slightly declined from Q1 2019 to Q2 2019.
Notes and accounts receivable, net The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Exxon Mobil Corp.’s notes and accounts receivable, net increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Exxon Mobil Corp.’s inventories declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 not reaching Q4 2018 level.