Stock Analysis on Net

Phillips 66 (NYSE:PSX)

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

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.

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

US$ in millions

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 1,614 2,268 1,819 1,253 3,019 924 1,884 842 3,119 1,547 2,161 1,513 2,711 2,337 2,232 1,723 3,074 4,822 5,089 5,390
Accounts and notes receivable, net of allowances 7,376 6,097 5,748 6,476 5,414 6,840 6,006 5,399 6,424 5,421 4,750 4,979 5,485 4,101 4,610 3,991 4,411 4,315 5,377 4,717
Accounts and notes receivable, related parties 1,134 989 979 827 759 1,131 1,167 725 1,082 934 844 711 912 900 987 746 762 883 1,190 1,020
Inventories 3,776 5,521 5,093 5,344 3,543 5,544 4,901 4,743 3,395 4,455 4,245 4,387 3,150 3,905 3,993 4,108 3,477 4,388 4,126 4,166
Prepaid expenses and other current assets 495 742 656 915 474 875 621 416 370 578 456 580 422 721 821 648 532 641 752 851
Current assets 14,395 15,617 14,295 14,815 13,209 15,314 14,579 12,125 14,390 12,935 12,456 12,170 12,680 11,964 12,643 11,216 12,256 15,049 16,534 16,144
Investments and long-term receivables 14,571 14,147 15,006 14,786 14,421 14,311 14,177 13,934 13,941 13,899 13,507 13,359 13,534 13,277 12,936 12,449 12,143 10,601 10,070 10,529
Net properties, plants and equipment 23,786 22,954 22,503 22,263 22,018 21,625 21,465 21,500 21,460 21,303 21,293 21,240 20,855 20,447 20,247 20,075 19,721 19,257 18,765 17,918
Goodwill 3,270 3,270 3,270 3,270 3,270 3,270 3,270 3,270 3,270 3,270 3,270 3,270 3,270 3,267 3,275 3,275 3,275 3,275 3,275 3,274
Intangibles 869 872 871 864 869 874 866 871 876 884 889 895 888 892 896 901 906 879 880 882
Other assets 1,829 1,881 1,836 1,857 515 490 469 432 434 421 413 471 426 407 364 330 279 354 350 330
Noncurrent assets 44,325 43,124 43,486 43,040 41,093 40,570 40,247 40,007 39,981 39,777 39,372 39,235 38,973 38,290 37,718 37,030 36,324 34,366 33,340 32,933
Total assets 58,720 58,741 57,781 57,855 54,302 55,884 54,826 52,132 54,371 52,712 51,828 51,405 51,653 50,254 50,361 48,246 48,580 49,415 49,874 49,077

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).


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. Phillips 66 current assets increased from Q2 2019 to Q3 2019 but then slightly decreased from Q3 2019 to Q4 2019 not reaching Q2 2019 level.
Net properties, plants and equipment 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. Phillips 66 net properties, plants and equipment increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
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. Phillips 66 noncurrent assets decreased from Q2 2019 to Q3 2019 but then increased from Q3 2019 to Q4 2019 exceeding Q2 2019 level.
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. Phillips 66 total assets increased from Q2 2019 to Q3 2019 but then slightly decreased from Q3 2019 to Q4 2019.

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. Phillips 66 cash and cash equivalents increased from Q2 2019 to Q3 2019 but then decreased significantly from Q3 2019 to Q4 2019.
Accounts and notes receivable, net of allowances The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Phillips 66 accounts and notes receivable, net of allowances increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Phillips 66 inventories increased from Q2 2019 to Q3 2019 but then decreased significantly from Q3 2019 to Q4 2019.