Balance Sheet: Assets
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.
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Exxon Mobil Corp. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Exxon Mobil Corp., consolidated balance sheet: assets
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
An analysis of the provided annual financial data reveals several noteworthy trends and patterns in asset management and growth.
- Cash and Cash Equivalents
- There was a significant increase in cash and cash equivalents from 2020 to 2022, rising from 4,364 million USD to 29,640 million USD. This was followed by a slight increase in 2023, reaching 31,539 million USD, and then a decline to 23,029 million USD in 2024. The restricted cash and cash equivalents, which were negligible in earlier years, showed a gradual increase starting 2022 and reaching 158 million USD in 2024, indicating a portion of cash is now tied to specific restrictions or conditions.
- Receivables
- Trade receivables net of reserves displayed substantial growth from 16,339 million USD in 2020 to 35,282 million USD in 2024, with a peak in 2022 at 32,844 million USD and a slight decline in 2023. Other receivables followed a similar pattern, increasing from 4,242 million USD to 8,399 million USD over the period. Overall, net notes and accounts receivable increased steadily until 2022 and showed some fluctuations in the subsequent years but maintained an upward trend.
- Inventories
- Inventories remained relatively stable, fluctuating modestly between 18,780 million USD and 25,120 million USD from 2020 to 2023, before declining slightly to 23,524 million USD in 2024. The trajectory indicates stable inventory management without significant accumulation or depletion.
- Other Current Assets
- Other current assets increased marginally from 1,098 million USD in 2020 to a peak of 1,906 million USD in 2023, followed by a decrease to 1,598 million USD in 2024. This suggests limited volatility in this category.
- Current Assets
- Current assets showed robust growth from 44,893 million USD in 2020 to almost double at 97,631 million USD in 2022, then a slight dip in 2023 and 2024 to approximately 91,990 million USD. The overall increase highlights substantial strengthening of liquid and near-liquid assets.
- Investments and Advances
- Investments increased steadily from 29,772 million USD in 2020 to 34,522 million USD in 2022, then stabilized around 34,000 million USD. Advances and long-term receivables showed a decreasing trend, from 8,812 million USD in 2020 to 7,084 million USD in 2024. Equity method investments followed a similar trend with a rise up to 42,571 million USD in 2022, then a slight decline. Overall, the broader investment category exhibited moderate growth with recent stabilization or minor decreases.
- Property, Plant, and Equipment (PPE)
- A notable trend is observed in property, plant, and equipment, where the net value decreased over 2020 to 2022 from 227,553 million USD to 204,692 million USD, possibly indicating asset disposals or heavy depreciation. However, a recovery occurred in 2023, and a significant increase in 2024 to 294,318 million USD. This sharp rise suggests major capital expenditure or acquisitions related to long-term fixed assets in the latest year.
- Other Assets and Long-term Assets
- Other assets, including intangibles, displayed minor fluctuations but increased overall from 16,789 million USD in 2020 to 19,967 million USD in 2024. Long-term assets showed a decline from 287,857 million USD in 2020 to 271,436 million USD in 2022, followed by growth to 361,485 million USD by 2024, reflecting the increase in fixed asset base.
- Total Assets
- Total assets gradually increased over the period from 332,750 million USD in 2020 to 453,475 million USD in 2024. The growth was particularly notable in the later years, driven mainly by increases in property, plant, and equipment and cash balances. This overall asset expansion points to an aggressive growth or investment phase.