Balance Sheet: Assets
Quarterly Data
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.
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Marathon Oil Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Analysis of Debt
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Marathon Oil Corp., consolidated balance sheet: assets (quarterly data)
US$ in millions
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 financial data over the reported quarters reveals several noteworthy trends in the company's asset composition and liquidity positions.
- Cash and Cash Equivalents
- There is a notable volatility in cash holdings, with a peak of 2,614 million USD in June 2017, followed by a sharp decline to 563 million USD by December 2017. Subsequently, cash balances fluctuated, reaching a low point of 485 million USD in March 2021, then recovering to 1,162 million USD by June 2022. This pattern suggests fluctuating liquidity needs or cash management strategies over the period.
- Receivables, Net
- The net receivables display a generally increasing trend from 751 million USD in March 2017 to 1,512 million USD by June 2022, indicating growth in accounts receivable which could correspond to increased credit sales or slower collections. The growth is relatively steady with minor short-term fluctuations.
- Inventories
- Inventory levels show a gradual decline from 145 million USD in March 2017 to a low in the 70 to 80 million USD range from 2019 through 2021, slightly increasing to 93 million USD by June 2022. This suggests a general reduction in inventory holdings in line with possible operational efficiency or demand changes.
- Other Current Assets
- This category exhibits high volatility throughout the periods, ranging from as low as 19 million USD in June 2021 to a high of 311 million USD in March 2020. Such fluctuation implies variability in miscellaneous short-term assets that may affect liquidity unpredictably.
- Current Assets Held for Sale
- The current assets held for sale generally remain low and intermittent, with a notable spike to 428 million USD in March 2019 and 410 million USD in June 2019 before disappearing in subsequent periods, suggesting disposal or reclassification of certain asset holdings.
- Total Current Assets
- Current assets peaked at 4,424 million USD in June 2017 and then experienced a steady decline to 1,405 million USD by June 2020. Afterwards, current assets rebounded moderately to 2,808 million USD by June 2022, reflecting a recovery in the short-term asset base.
- Equity Method Investments
- These investments steadily declined from 906 million USD in March 2017 to a low of 447 million USD in December 2020, with mild fluctuations thereafter. The partial recovery to 528 million USD by June 2022 indicates some stabilization after a period of divestments or valuation decreases.
- Property, Plant, and Equipment (PP&E), Net
- Net PP&E values decreased gradually from 18,337 million USD in June 2017 to 14,357 million USD in June 2022. This slow but consistent decline may result from asset depreciation, impairment, or asset sales exceeding capital expenditures.
- Goodwill
- Goodwill remained relatively stable at about 115 million USD early on, decreasing slightly to 95 million USD by December 2019, then no further data reported thereafter. This indicates minor asset impairments or disposals affecting intangible assets during the earlier periods.
- Other Noncurrent Assets
- This category decreased modestly from 698 million USD in March 2017 to about 268 million USD by June 2022, reflecting gradual disposals, amortizations, or write-downs of noncurrent assets.
- Current and Noncurrent Assets Held for Sale
- Current assets held for sale show sporadic values with sharp increases around 2019, while noncurrent assets held for sale showed values of 2,542 million USD in March 2017, sharply decreasing to minimal amounts in following quarters, possibly indicating large asset disposal decisions early in the observed period.
- Total Noncurrent Assets
- Noncurrent assets decreased steadily from 20,794 million USD in March 2017 to 15,478 million USD by June 2022, reflecting the overall decline in long-term investments and fixed assets.
- Total Assets
- Total assets peaked in March 2017 at approximately 24,537 million USD and showed a downward trend to a low near 16,994 million USD by March 2022. An uptick appears toward June 2022, reaching approximately 18,286 million USD, indicating partial recovery or asset revaluation during the most recent period.
Overall, the data suggest a period of contraction in asset base and liquidity from 2017 through 2020, likely driven by asset sales, depreciation, and decreasing investments. However, signs of stabilization and cautious recovery are evident in 2021 and the first half of 2022, with increases in cash, receivables, and total assets. This may reflect improved operational performance, strategic asset management, or market conditions favoring asset value restoration.