Stock Analysis on Net
Stock Analysis on Net

Marathon Oil Corp. (NYSE:MRO)

$22.49

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

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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
Payroll and benefits payable
Accrued taxes
Other current liabilities
Long-term debt due within one year
Current liabilities held for sale
Current liabilities
Long-term debt, excluding due within one year
Deferred tax liabilities
Defined benefit postretirement plan obligations
Asset retirement obligations
Deferred credits and other liabilities
Noncurrent liabilities held for sale
Noncurrent liabilities
Total liabilities
Preferred stock, no par value; no shares issued or outstanding
Common stock, par value $1 per share
Common stock, held in treasury, at cost
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Stockholders’ equity
Total liabilities and stockholders’ equity

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).

Accounts Payable
Accounts payable as a percentage of total liabilities and stockholders’ equity showed a generally increasing trend over the period, rising from 4.41% in early 2017 to 8.33% by mid-2022. Some fluctuations occurred, including a decline around mid-2020, but the overall progression is upward, indicating an increasing reliance on accounts payable within the company’s liabilities and equity structure.
Payroll and Benefits Payable
This liability category remained relatively low and stable, ranging mostly between 0.2% and 0.7% throughout the period. Slight increases and decreases suggest minimal volatility in payroll-related payables relative to the total capital structure.
Accrued Taxes
Accrued taxes showed moderate fluctuations, generally ranging between 0.3% and 0.9%. Notably, there was an increase towards the end of the series, peaking near 0.94% in early 2022, which could reflect higher tax obligations or timing differences in tax payments.
Other Current Liabilities
Other current liabilities displayed periods of increase and decrease, peaking significantly at 2.59% in mid-2021. This category saw notable growth from below 1% in early years to around 2% in later periods, implying increased miscellaneous current liabilities.
Long-term Debt Due Within One Year
Data for this measure was sporadic; however, available figures indicate a decline from above 6% in early 2017 to below 1% from 2020 onward, suggesting reduced short-term portions of long-term debt or refinancing strategies extending maturities.
Current Liabilities Held for Sale
This item was minimal and sporadic, fluctuating around zero with occasional small values, indicating negligible impact on total liabilities and equity during most periods.
Current Liabilities (Total)
Current liabilities as a whole varied quarterly, generally remaining within 7% to 13% of total liabilities and equity. After a decline in 2020, there was an upward trend starting in 2021, reaching 13% by mid-2022, indicating higher short-term liabilities relative to the company’s capital base.
Long-term Debt (Excluding Due Within One Year)
This category held most of the company’s debt, fluctuating between about 20% and 30%. The percentage declined slightly overall from approximately 27% in early periods to about 20% by mid-2022, pointing to a gradual deleveraging or debt repayment over time.
Deferred Tax Liabilities
Deferred tax liabilities dropped sharply from above 3% in 2017 to below 1% by 2018 and remained steady near 0.8% thereafter, indicating a structural change in deferred tax balances or tax planning effectiveness.
Defined Benefit Postretirement Plan Obligations
These obligations generally decreased from nearly 1.5% to below 0.7%, reflecting potential reductions in plan obligations or changes in actuarial assumptions reducing the recorded liabilities relative to the company’s total liabilities and equity.
Asset Retirement Obligations
There was a significant decline from over 6% in early 2017 to approximately 1.5% by mid-2022, indicating substantial paydowns, reassessments, or changes in policy regarding asset retirement obligations over the period.
Deferred Credits and Other Liabilities
This component mostly declined across the period from about 0.9% to around 0.6%, with some fluctuations, suggesting reduced residual deferred credits or other miscellaneous liabilities.
Noncurrent Liabilities Held for Sale
Data was limited but showed a notable spike in late 2018 and early 2019, reaching over 4.5% before disappearing in later periods, likely due to asset disposals or reclassification of these liabilities.
Noncurrent Liabilities (Total)
The percentage of noncurrent liabilities showed a downward trend from above 40% to below 24%, indicating ongoing debt reduction or changes in liability structure with more capital allocated to equity or current liabilities over time.
Total Liabilities
Total liabilities, combining current and noncurrent liabilities, decreased from roughly 49% to around 37%, signaling a reduction in overall leverage relative to the company’s equity during the period.
Common Stock, Par Value
This equity component remained relatively stable, increasing slightly from about 3.8% to over 5%, reflecting minor equity issuances or share revaluations.
Common Stock Held in Treasury, at Cost
Treasury stock as a negative equity component deepened significantly, moving from -13.5% to over -33%, indicating aggressive share repurchases that reduced stockholders’ equity proportionally.
Additional Paid-In Capital
Additional paid-in capital showed a gradual increase from about 30% to over 39%, highlighting incremental increases in capital contributed by shareholders or retained from earnings.
Retained Earnings
Retained earnings rose impressively from roughly 31% to over 51%, reflecting cumulative profitability and earnings retention, significantly strengthening the company’s equity base over time.
Accumulated Other Comprehensive Income (Loss)
This component fluctuated around zero with a slight upward trend from negative values to approximately 0.5%, indicating some positive changes in unrealized gains/losses embedded in equity.
Stockholders’ Equity
Overall stockholders’ equity increased from about 51% to above 63%, marking a strengthening equity position relative to total liabilities and equity, driven primarily by growing retained earnings and additional paid-in capital, partially offset by rising treasury stock.
Summary
The company’s financial structure evolved toward lower leverage with total liabilities decreasing as a proportion of total capital from nearly half to just over one-third, while equity components, especially retained earnings and paid-in capital, increased. The rise in treasury stock represents significant share repurchasing activity, partially offsetting equity growth. Current liabilities displayed some volatility but increased toward the end of the timeframe, and long-term debt showed a gradual reduction consistent with deleveraging. Deferred tax and retirement plan obligations declined notably, while asset retirement obligations were substantially reduced. Overall, the data suggests strengthening financial stability with greater reliance on equity financing and reduced debt burden over the observed period.