Stock Analysis on Net
Stock Analysis on Net

Phillips 66 (NYSE:PSX)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 21, 2020.

Common-Size Balance Sheet: Assets
Quarterly Data

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Phillips 66, common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Cash and cash equivalents
Accounts and notes receivable, net of allowances
Accounts and notes receivable, related parties
Inventories
Prepaid expenses and other current assets
Current assets
Investments and long-term receivables
Net properties, plants and equipment
Goodwill
Intangibles
Other assets
Noncurrent assets
Total assets

Based on: 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), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

The analysis of the quarterly financial data reveals distinct patterns across various asset categories, expressed as percentages of total assets over the observed periods.

Cash and Cash Equivalents
There is a noticeable downward trend in cash and cash equivalents relative to total assets from early 2015 to late 2018, falling from around 11% to near 1.6%. Some recovery occurs intermittently, but the values generally remain lower than the initial periods, indicating reduced liquidity or a shift in asset allocation strategy.
Accounts and Notes Receivable, Net of Allowances
This category exhibits fluctuations within an approximate 8% to 12.5% range. Reception levels increase notably in 2017 and 2018, peaking above 12% in certain quarters, which may reflect higher sales on credit or changes in credit terms.
Accounts and Notes Receivable, Related Parties
Values remain relatively stable, fluctuating mildly between approximately 1.3% and 2.4%. There is no significant upward or downward trend, suggesting consistent related-party receivables as a portion of total assets.
Inventories
Inventories display some volatility, generally oscillating between 6% and 9.9%. Higher percentages tend to occur in the first three quarters of some years, followed by declines in the last quarter. This pattern could be related to inventory management practices corresponding to seasonal demand variations.
Prepaid Expenses and Other Current Assets
This category maintains low proportions, mostly below 1.5%, with occasional modest increases. The pattern is relatively stable, signifying a small and consistent component of total assets.
Current Assets
Current assets collectively decrease as a proportion of total assets from over 30% in early 2015 to the low to mid-20%s in later periods. This decline indicates a relative shift from liquid and short-term assets toward noncurrent assets during the timeframe.
Investments and Long-Term Receivables
These assets show a steady presence, typically between 20% and 27%, with minor fluctuations. The consistency suggests a stable emphasis on long-term financial interests and receivables within the asset structure.
Net Properties, Plants and Equipment
There is a gradual increase in this category's weight in total assets, moving from roughly 36.5% to over 40% at various points, signaling ongoing investment or capital expenditure in fixed assets. Some variability occurs, but the general trend points to these assets strengthening their role in the company’s asset base.
Goodwill
Goodwill remains relatively stable, hovering around 5.5% to 6.7%, with a slight decreasing tendency towards the end of the period. This effect may reflect amortization or impairment adjustments over time.
Intangibles
Intangible assets persist at low levels, roughly between 1.5% and 1.9%. The stable pattern indicates minimal significant changes or revaluations during the timeframe.
Other Assets
A mild but noticeable increase occurs in other assets from below 1% in early periods to over 3% starting from 2019. This jump suggests a possible reclassification or increased accumulation of miscellaneous noncurrent assets.
Noncurrent Assets
Noncurrent assets as a whole rise from about 67% to approximately 75%, demonstrating a strategic shift toward long-term asset holdings. This trend aligns with observed increases in property and equipment and investments.
Total Assets
The total assets percentage consistently equals 100% as a baseline for other measures.

Overall, the financial data reflects a strategic emphasis on strengthening noncurrent assets, particularly in fixed capital and investments, while reducing the relative proportion of cash and current assets. The company appears to manage inventory and receivables dynamically throughout the quarters, with some variation likely tied to operational cycles. The stable goodwill and intangibles percentages imply limited acquisition or disposal activity impacting those assets. The notable increase in other assets in the later periods warrants further investigation to clarify its composition and implications.