Stock Analysis on Net
Stock Analysis on Net

Marathon Petroleum Corp. (NYSE:MPC)

Common-Size Balance Sheet: Assets

Marathon Petroleum Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 6.33 9.59 6.20 0.49 1.55
Short-term investments 5.56 3.50 6.50 0.00 0.00
Receivables, less allowance for doubtful accounts 13.51 14.99 12.92 6.76 7.99
Inventories 10.84 9.82 9.44 9.39 10.39
Other current assets 1.13 1.30 0.67 3.20 0.54
Assets held for sale 0.00 0.00 0.00 13.37 0.00
Current assets 37.37% 39.20% 35.72% 33.22% 20.47%
Equity method investments 7.28 7.19 6.34 6.37 7.00
Property, plant and equipment, net 40.83 39.66 43.85 45.84 46.28
Goodwill 9.59 9.17 9.67 9.69 20.33
Operating lease right of use assets 1.43 1.35 1.61 1.79 2.50
Other noncurrent assets 3.50 3.43 2.81 3.10 3.42
Noncurrent assets 62.63% 60.80% 64.28% 66.78% 79.53%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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 Petroleum Corp. current assets as a percentage of total assets increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Property, plant and equipment, net 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 Petroleum Corp. property, plant and equipment, net as a percentage of total assets decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
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 Petroleum Corp. noncurrent assets as a percentage of total assets decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.