Stock Analysis on Net

Marathon Oil Corp. (NYSE:MRO)

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

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.

Marathon Oil Corp., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Cash and cash equivalents 580 742 858 1,462 563
Receivables, less reserve 1,142 747 1,122 1,079 1,082
Notes receivable 748
Inventories 77 76 72 96 126
Other current assets 22 47 83 257 36
Current assets held for sale 27 11
Current assets 1,821 1,612 2,135 2,921 2,566
Equity method investments 450 447 663 745 847
Property, plant and equipment, less accumulated depreciation, depletion and amortization 14,499 15,638 17,000 16,804 17,665
Finance lease right-of-use (ROU) assets 28
Property, plant and equipment, including finance lease ROU assets, less accumulated depreciation, depletion and amortization 14,527 15,638 17,000 16,804 17,665
Goodwill 95 97 115
Other noncurrent assets 196 259 352 723 764
Noncurrent assets held for sale 31 55
Noncurrent assets 15,173 16,344 18,110 18,400 19,446
Total assets 16,994 17,956 20,245 21,321 22,012

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Marathon Oil Corp. current assets decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.
Property, plant and equipment, including finance lease ROU assets, less accumulated depreciation, depletion and amortization Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Marathon Oil Corp. property, plant and equipment, including finance lease ROU assets, less accumulated depreciation, depletion and amortization decreased from 2019 to 2020 and from 2020 to 2021.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Marathon Oil Corp. noncurrent assets decreased from 2019 to 2020 and from 2020 to 2021.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Marathon Oil Corp. total assets decreased from 2019 to 2020 and from 2020 to 2021.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Marathon Oil Corp. cash and cash equivalents decreased from 2019 to 2020 and from 2020 to 2021.
Receivables, less reserve Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Marathon Oil Corp. receivables, less reserve decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Marathon Oil Corp. inventories increased from 2019 to 2020 and from 2020 to 2021.