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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: Liabilities and Stockholders’ Equity
Quarterly Data

Marathon Oil Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable 8.33 7.22 6.53 5.99 5.26 5.03 4.66 3.91 3.75 5.60 6.46 6.74 6.58 6.12 6.19 6.79 6.53 6.17 6.34 5.72 4.78 4.41
Payroll and benefits payable 0.27 0.23 0.44 0.37 0.28 0.20 0.32 0.39 0.41 0.34 0.55 0.45 0.41 0.35 0.72 0.58 0.50 0.39 0.49 0.43 0.38 0.29
Accrued taxes 0.78 0.94 0.92 0.76 0.53 0.43 0.40 0.24 0.41 0.37 0.58 0.42 0.36 0.70 0.85 0.59 0.45 0.59 0.80 0.71 0.32 0.33
Other current liabilities 2.12 2.25 1.53 2.43 2.59 2.01 1.38 1.17 1.16 1.00 1.03 1.11 1.01 1.03 0.80 1.86 1.85 1.66 1.31 0.82 0.85 0.90
Long-term debt due within one year 1.49 0.59 0.21 0.21 0.19 2.74 0.00 2.68 0.00 0.00 0.00 2.95 2.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.26 6.28
Current liabilities 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 0.42 0.48 0.03 0.01 0.01 0.01 0.00 0.00 0.00 0.42
Current liabilities 13.00% 11.24% 9.63% 9.77% 8.85% 10.42% 6.76% 8.39% 5.74% 7.31% 8.62% 11.68% 11.61% 8.68% 8.59% 9.84% 9.35% 8.82% 8.94% 7.68% 8.59% 12.63%
Long-term debt, excluding due within one year 20.28 21.73 23.41 23.17 27.39 26.90 30.10 28.96 29.64 27.91 27.17 24.07 23.03 25.69 25.79 25.25 25.13 25.40 24.96 28.27 27.70 23.32
Deferred tax liabilities 0.80 0.80 0.80 0.77 0.88 0.88 0.91 0.99 0.92 0.94 0.92 0.90 0.86 0.90 0.93 0.99 1.08 1.02 3.78 3.68 3.46 3.26
Defined benefit postretirement plan obligations 0.68 0.73 0.81 0.80 0.85 0.97 1.00 0.98 1.04 0.87 0.90 0.85 0.84 0.84 0.91 1.31 1.42 1.53 1.64 1.44 1.40 1.49
Asset retirement obligations 1.52 1.65 1.69 1.67 1.53 1.38 1.34 1.26 1.30 1.20 1.20 0.97 0.89 0.90 5.07 5.71 6.24 6.68 6.49 6.63 6.77 6.61
Deferred credits and other liabilities 0.66 0.63 0.78 0.91 0.77 0.94 1.08 1.06 1.17 1.12 1.16 1.30 1.37 1.48 1.31 1.56 0.89 0.91 0.99 0.95 0.87 0.90
Noncurrent liabilities 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 4.53 4.50 0.51 0.05 0.42 0.01 0.01 0.04 0.03 0.50
Noncurrent liabilities 23.94% 25.55% 27.49% 27.32% 31.41% 31.06% 34.43% 33.25% 34.08% 32.03% 31.35% 28.09% 31.53% 34.30% 34.52% 34.86% 35.18% 35.55% 37.87% 41.01% 40.24% 36.08%
Total liabilities 36.94% 36.79% 37.12% 37.09% 40.26% 41.47% 41.18% 41.64% 39.81% 39.35% 39.97% 39.77% 43.14% 42.98% 43.12% 44.70% 44.53% 44.37% 46.81% 48.69% 48.83% 48.71%
Preferred stock, no par value; no shares issued or outstanding 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 0.00 0.00
Common stock, par value $1 per share 5.12 5.21 5.51 5.46 5.26 5.14 5.22 5.02 5.05 4.75 4.63 4.60 4.40 4.38 4.39 4.30 4.28 4.33 4.26 4.08 3.87 3.82
Common stock, held in treasury, at cost -33.46 -29.82 -28.39 -23.92 -23.06 -22.56 -22.77 -21.91 -22.01 -20.59 -20.20 -19.77 -18.72 -17.49 -17.90 -15.86 -14.34 -14.68 -15.11 -14.49 -13.69 -13.51
Additional paid-in capital 39.30 39.92 42.49 42.03 40.46 39.46 39.95 38.36 38.47 36.02 35.60 35.33 33.69 33.39 33.95 33.18 33.04 33.45 33.52 32.10 30.32 29.90
Retained earnings 51.59 47.40 42.79 38.86 36.65 35.87 36.01 36.59 38.48 40.05 39.48 39.53 37.25 36.47 36.14 33.78 32.67 32.79 30.80 29.85 30.90 31.27
Accumulated other comprehensive income (loss) 0.51 0.50 0.48 0.48 0.43 0.61 0.41 0.31 0.20 0.42 0.52 0.55 0.23 0.28 0.30 -0.10 -0.19 -0.27 -0.28 -0.24 -0.22 -0.20
Stockholders’ equity 63.06% 63.21% 62.88% 62.91% 59.74% 58.53% 58.82% 58.36% 60.19% 60.65% 60.03% 60.23% 56.86% 57.02% 56.88% 55.30% 55.47% 55.63% 53.19% 51.31% 51.17% 51.29%
Total liabilities and stockholders’ equity 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 capital structure exhibits a consistent shift toward equity financing and a reduction in total liabilities over the analyzed period. Total liabilities decreased from 48.71% of the total balance sheet in March 2017 to 36.94% by June 2022, while stockholders' equity increased from 51.29% to 63.06% during the same timeframe.

Noncurrent Liability Trends
A general decline in noncurrent liabilities is observed, falling from 36.08% in March 2017 to 23.94% in June 2022. This was driven primarily by a reduction in long-term debt, which moved from 23.32% to 20.28%. A significant structural change occurred between September 2018 and March 2019, where asset retirement obligations dropped sharply from 5.71% to 0.90%, remaining low for the remainder of the period.
Equity Composition and Shareholder Returns
Stockholders' equity grew steadily, supported by a substantial increase in retained earnings, which rose from 31.27% in March 2017 to 51.59% by June 2022. Concurrently, there is evidence of an aggressive share repurchase strategy, as common stock held in treasury expanded from -13.51% to -33.46% of total liabilities and stockholders' equity.
Current Liability Fluctuations
Current liabilities remained volatile, ranging from a low of 5.74% in June 2020 to a peak of 13.00% in June 2022. Accounts payable showed a gradual upward trend, starting at 4.41% in March 2017 and reaching 8.33% by June 2022. Long-term debt due within one year was most prominent in early 2017 at 6.28% but remained minimal or absent for much of the subsequent years, before rising slightly to 1.49% in June 2022.
Other Liability Components
Deferred tax liabilities decreased significantly from 3.26% in March 2017 to 0.80% by June 2022. Other current liabilities and deferred credits remained relatively small and stable, typically fluctuating between 0.5% and 2.6% of the total balance sheet.

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