Stock Analysis on Net
Stock Analysis on Net

Hess Corp. (NYSE:HES)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Common-Size Balance Sheet: Assets
Quarterly Data

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Hess Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents
From contracts with customers
Joint venture and other
Accounts receivable
Inventories
Assets held for sale
Other current assets
Current assets
Property, plant and equipment, at cost
Reserves for depreciation, depletion, amortization and lease impairment
Property, plant and equipment, net
Finance lease right-of-use assets, net
Property, plant and equipment, net, including finance lease right-of-use assets
Operating lease right-of-use assets, net
Goodwill
Deferred income taxes
Post-retirement benefit assets
Other assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 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).

Cash and Cash Equivalents
Cash and cash equivalents as a percentage of total assets show a declining trend from early 2018, decreasing from 16.88% at March 31, 2018, to a low of 6.92% at March 31, 2022. It slightly recovered afterwards but remained below initial levels, ending at 8.7% by September 30, 2023. The data reflects periodic fluctuations with a general downward trend over the five-year span.
From Contracts with Customers
This asset category exhibits some variability, increasing from 3.3% in March 2018 to a peak of 7.01% in March 2022. Subsequently, there is a decreasing tendency, reaching 3.9% by September 2023. This indicates variation in receivables or similar contract-based assets, with a notable peak in early 2022.
Joint Venture and Other
These assets generally decline over time, starting at 1.21% in March 2018 and decreasing to 0.56% at December 2022, before a modest increase to 0.75% in September 2023. The trend reflects a gradual reduction in this asset category with slight recovery towards the most recent period.
Accounts Receivable
Accounts receivable as a percentage of total assets fluctuate moderately. After rising to 5.61% in September 2021, the ratio peaks at 7.7% in March 2022 before declining to 4.58% by June 2023 and again increasing to 6.29% by September 2023. The data suggests variability, with a notable increase in the first quarter of 2022 and fluctuations thereafter.
Inventories
Inventory proportions remain relatively stable with minor fluctuations. Starting at about 1.08% in March 2018, the category peaks at 2.22% in June 2020 before declining and oscillating near 1.0% to 1.44% in 2023, indicating relatively consistent inventory levels relative to total assets over the period.
Assets Held for Sale
Reported only in limited periods, these assets show presence in June 2018, December 2020, and March 2021 with values around 1% to nearly 2%, then no data thereafter. This sporadic reporting suggests occasional asset disposals or reclassifications.
Other Current Assets
There are notable spikes and declines. A significant rise to 5.63% occurs in March 2020, then declines to below 1% by year-end 2020. Subsequent periods show fluctuations between 0.3% and 1.2%, indicating episodic changes in other current assets.
Current Assets
Despite fluctuations, current assets as a percentage of total assets trend down from 22.72% in March 2018 to lows around 14.49% in December 2019. A sharp increase to over 20% occurs in March 2020 coinciding with the spike in other current assets and cash equivalents, followed by variable declines and modest recovery toward 16.88% by September 2023.
Property, Plant, and Equipment (PP&E) at Cost
PP&E at cost shows a moderate increase from 149.08% in March 2018 to a peak of 164.45% in December 2019, followed by declines and fluctuations around 150% to 160% thereafter. This indicates continued investment but with variability possibly due to disposals, impairments, or capital expenditures.
Reserves for Depreciation, Depletion, Amortization, and Lease Impairment
These reserves deepen progressively from -75.77% in March 2018 to a peak negative effect of -88.94% in June 2020, then moderate somewhat but remain at elevated levels around -80% to -85%, reflecting continuing accumulated depreciation and related charges.
Property, Plant, and Equipment, Net
Net PP&E varies between approximately 69% and 77% of total assets, peaking at 77.19% in December 2018 before gradual decline to around 70.78% by September 2023. This trend is influenced by cost increases and accumulated depreciation balances.
Finance Lease Right-of-Use Assets, Net
First reported in 2019 at 1.53%, these assets steadily decline to 0.49% by September 2023, indicating reduction in finance lease liabilities or right-of-use asset balances over time.
Property, Plant, and Equipment, Net, Including Finance Lease Right-of-Use Assets
When including finance lease assets, the net PP&E category trends similarly to net PP&E alone but at slightly higher levels, peaking at 78.56% in December 2019 and declining to 71.26% by September 2023, confirming stable yet slightly declining fixed asset base.
Operating Lease Right-of-Use Assets, Net
Reported from 2019 onward, this asset category declines from 3.28% to approximately 1.72%-2.63% range in 2023, showing variability but an overall downward trend in operating lease right-of-use assets.
Goodwill
Goodwill remains relatively stable but marginally declines from 1.68% of total assets in 2018 to 1.55% in September 2023. The stability suggests consistent intangible asset valuations with nominal impairments or adjustments.
Deferred Income Taxes
Deferred income taxes show some increase, especially notable rises from 0.1% in 2018 to 1.25% in September 2023. This reflects increasing deferred tax asset or liability balances over time.
Post-Retirement Benefit Assets
Reported only from March 2022, this category grew from 1.99% to just under 3.0% through September 2023, indicating recognition or growth of post-retirement benefit assets within total assets.
Other Assets
Other assets steadily increase from 2.24% in March 2018 to over 4.1% by September 2023, showing gradual growth in miscellaneous long-term asset categories.
Noncurrent Assets
Noncurrent assets consistently represent the majority, ranging mostly from approximately 77% to 85%. After peak levels above 85% in late 2019, the ratio dips below 79% from 2021 through 2023 with some recovery periods, indicating stable but somewhat reduced long-term asset proportions relative to total assets.