Stock Analysis on Net

Marathon Oil Corp. (NYSE:MRO)

Balance Sheet: Liabilities and Stockholders’ Equity 

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Marathon Oil Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Accounts payable 1,110  837  1,307  1,320  1,395 
Payroll and benefits payable 74  57  112  154  108 
Accrued taxes 157  72  118  181  177 
Current portion of long-term finance lease liability —  —  —  — 
Other current liabilities 254  247  208  170  288 
Long-term debt due within one year 36  —  —  —  — 
Current liabilities held for sale —  —  —  — 
Current liabilities 1,637  1,213  1,745  1,832  1,968 
Long-term debt, excluding due within one year 3,978  5,404  5,501  5,499  5,494 
Deferred tax liabilities 136  163  186  199  833 
Defined benefit postretirement plan obligations 137  180  183  195  362 
Asset retirement obligations 288  241  243  1,081  1,428 
Long-term finance lease liability, excluding current portion 24  —  —  —  — 
Deferred credits and other liabilities 108  194  234  279  217 
Noncurrent liabilities held for sale —  —  —  108 
Noncurrent liabilities 4,671  6,182  6,347  7,361  8,336 
Total liabilities 6,308  7,395  8,092  9,193  10,304 
Preferred stock, no par value; no shares issued or outstanding —  —  —  —  — 
Common stock, par value $1 per share 937  937  937  937  937 
Common stock, held in treasury, at cost (4,825) (4,089) (4,089) (3,816) (3,325)
Additional paid-in capital 7,221  7,174  7,207  7,238  7,379 
Retained earnings 7,271  6,466  7,993  7,706  6,779 
Accumulated other comprehensive income (loss) 82  73  105  63  (62)
Stockholders’ equity 10,686  10,561  12,153  12,128  11,708 
Total liabilities and stockholders’ equity 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Marathon Oil Corp. current liabilities decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Marathon Oil Corp. noncurrent liabilities decreased from 2019 to 2020 and from 2020 to 2021.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Marathon Oil Corp. total liabilities decreased from 2019 to 2020 and from 2020 to 2021.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Marathon Oil Corp. stockholders’ equity decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.