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Marathon Oil Corp. (NYSE:MRO)

This company has been moved to the archive! The financial data has not been updated since August 4, 2022.

Common-Size Balance Sheet: Assets
Quarterly Data

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

Microsoft Excel
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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Cash and cash equivalents 6.35 3.79 3.41 2.83 5.45 6.17 4.13 6.00 2.81 4.14 4.24 5.72 4.52 4.76 6.86 7.18 7.62 7.46 2.56 7.82 10.78 10.15
Receivables, net 8.27 8.03 6.72 6.22 5.66 5.05 4.16 3.45 3.34 3.57 5.54 5.63 5.38 5.07 5.06 6.13 5.38 5.08 4.92 4.12 3.16 3.06
Notes receivable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.40 3.25 3.06 0.00
Inventories 0.51 0.43 0.45 0.45 0.44 0.43 0.42 0.41 0.41 0.40 0.36 0.35 0.34 0.39 0.45 0.51 0.53 0.51 0.57 0.58 0.58 0.59
Other current assets 0.22 0.16 0.13 0.15 0.11 0.14 0.26 0.44 1.00 1.58 0.41 0.67 0.47 0.75 1.21 0.14 0.42 0.31 0.16 0.27 0.66 0.55
Current assets held for sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.93 2.00 0.13 0.11 0.16 0.06 0.05 0.05 0.00 0.91
Current assets 15.36% 12.40% 10.72% 9.64% 11.66% 11.79% 8.98% 10.30% 7.57% 9.68% 10.55% 12.37% 12.63% 12.97% 13.70% 14.07% 14.11% 13.41% 11.66% 16.08% 18.25% 15.25%
Equity method investments 2.89 2.90 2.65 2.85 2.57 2.52 2.49 2.50 2.56 3.19 3.27 3.27 3.21 3.36 3.49 3.48 3.60 3.73 3.85 3.64 3.39 3.69
Property, plant and equipment, net of accumulated depreciation, depletion and amortization 78.51 80.21 85.32 85.86 84.38 83.99 87.09 85.89 88.46 85.74 83.97 82.05 78.61 78.07 78.81 77.60 77.18 78.26 80.25 76.89 75.64 67.38
Deferred tax assets 1.78 3.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Goodwill 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.47 0.47 0.45 0.45 0.45 0.45 0.45 0.45 0.52 0.50 0.47 0.47
Other noncurrent assets 1.47 1.41 1.32 1.65 1.39 1.70 1.44 1.31 1.41 1.39 1.74 1.84 1.97 2.06 3.39 4.19 3.93 3.92 3.47 2.65 2.24 2.84
Noncurrent assets held for sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.12 3.10 0.15 0.22 0.72 0.22 0.25 0.24 0.00 10.36
Noncurrent assets 84.64% 87.60% 89.28% 90.36% 88.34% 88.21% 91.02% 89.70% 92.43% 90.32% 89.45% 87.63% 87.37% 87.03% 86.30% 85.93% 85.89% 86.59% 88.34% 83.92% 81.75% 84.75%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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), 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).

The asset composition of the balance sheet exhibits a significant structural shift toward noncurrent assets, particularly between 2017 and 2020, followed by a period of slight diversification and recovery in liquidity through mid-2022. The primary driver of the total asset base is Property, Plant, and Equipment, which consistently represents the majority of the company's resources.

Liquidity and Current Asset Trends
Cash and cash equivalents displayed substantial volatility, starting at 10.15% in March 2017 and dropping to a low of 2.56% by December 2017. While levels fluctuated between 3% and 7% for several years, another trough of 2.81% was observed in June 2020 before recovering to 6.35% by June 2022. Simultaneously, net receivables showed a consistent upward trajectory, increasing from 3.06% in March 2017 to 8.27% by June 2022, suggesting a growing proportion of assets tied up in credit sales. Total current assets reached a minimum of 7.57% in June 2020, but returned to 15.36% by June 2022, indicating a recent move to strengthen the short-term asset position.
Fixed Asset Concentration
Property, plant, and equipment (PP&E) saw a marked increase in its share of total assets, rising from 67.38% in March 2017 to a peak of 88.46% in June 2020. This expansion reflects a period of intensified capital investment or a decrease in other asset categories. Toward the end of the analyzed period, this concentration moderated, declining to 78.51% by June 2022. This shift indicates a transition from an aggressive capital expansion phase to a more balanced asset distribution.
Noncurrent Asset Dynamics
Total noncurrent assets followed a similar trend to PP&E, increasing from 84.75% in March 2017 to a peak of 92.43% in June 2020, before settling at 84.64% by June 2022. Equity method investments remained relatively stable but showed a gradual long-term decline from 3.69% to 2.89%. Additionally, the emergence of deferred tax assets in early 2022 (peaking at 3.08%) represents a new component of the noncurrent asset mix toward the end of the period.
Asset Disposal and Other Items
Assets held for sale appeared periodically, with a notable concentration of noncurrent assets held for sale in March 2017 (10.36%) and during 2019 (approximately 3.1%). These spikes suggest intermittent strategic divestments of business segments or assets. Goodwill remained a negligible and stable component of the total asset base, consistently hovering around 0.45% to 0.52% until its disappearance from the record after December 2019.

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