Name: Phillips 66 (NYSE:PSX) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

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.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

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

US$ in millions

	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)

Total assets experienced a general upward trajectory over the observed period, growing from 49,077 million US dollars in March 2015 to 58,720 million US dollars by December 2019. This growth was primarily driven by a significant expansion in noncurrent assets, which offset a general contraction or stagnation in current asset levels.

Liquidity and Current Asset Trends: Current assets showed a overall downward trend, declining from 16,144 million US dollars to 14,395 million US dollars. A primary driver of this decline was the substantial reduction in cash and cash equivalents, which fell from a peak of 5,390 million US dollars in early 2015 to 1,614 million US dollars by the end of 2019. This decline in liquidity was partially mitigated by a steady increase in accounts and notes receivable, which grew from 4,717 million US dollars to 7,376 million US dollars, suggesting a higher volume of outstanding credit to customers.; Inventories exhibited significant volatility, fluctuating between a low of 3,150 million US dollars in December 2016 and a peak of 5,544 million US dollars in September 2018, before ending the period at 3,776 million US dollars. This pattern indicates periodic adjustments in stock levels likely tied to operational requirements or market conditions.
Long-term Investment and Capital Growth: Noncurrent assets demonstrated consistent and robust growth, increasing from 32,933 million US dollars in March 2015 to 44,325 million US dollars in December 2019. The most prominent driver was Net properties, plants, and equipment, which rose steadily from 17,918 million US dollars to 23,786 million US dollars, reflecting sustained capital expenditure and investment in physical infrastructure.; Investments and long-term receivables also showed a positive trend, increasing from 10,529 million US dollars to 14,571 million US dollars over the five-year span. Additionally, a notable increase in other assets occurred starting in March 2019, where values jumped from approximately 500 million US dollars to over 1,800 million US dollars, remaining elevated through the end of 2019.
Intangible Asset Stability: Goodwill and intangible assets remained remarkably stable throughout the entire period. Goodwill stayed consistently around 3,270 million US dollars, while intangibles fluctuated minimally between 864 million and 906 million US dollars. This stability indicates a lack of significant new acquisitions or substantial impairment charges related to these assets during the analyzed timeframe.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?

Phillips 66 (NYSE:PSX)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data