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.

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

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Phillips 66, consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable
Accounts payable, related parties
Short-term debt
Accrued income and other taxes
Employee benefit obligations
Other accruals
Current liabilities
Long-term debt
Asset retirement obligations and accrued environmental costs
Deferred income taxes
Employee benefit obligations
Other liabilities and deferred credits
Noncurrent liabilities
Total liabilities
Common stock, $.01 par value
Capital in excess of par
Treasury stock, at cost
Retained earnings
Accumulated other comprehensive loss
Stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

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).

Accounts payable and related parties
Accounts payable exhibited fluctuations with a general upward trend from the start in March 2015 through 2019, peaking notably in mid and late 2018 before slightly retreating thereafter. Accounts payable to related parties followed a similar fluctuating pattern but remained relatively more stable and lower in magnitude compared to total accounts payable.
Short-term debt
Short-term debt displayed significant variability, with a marked increase in mid-2016, reaching over 1500 million USD, followed by a sharp decline at the end of that year. The value remained volatile through 2017 and 2018, showing intermittent spikes, and decreased notably towards the end of 2018 and through 2019.
Accrued income and other taxes
This liability item showed an overall rising trend from early 2015 to the end of 2017, with periodic increases and decreases but a generally upward trajectory. In 2018 and 2019, the figures hovered at elevated levels without significant spikes or drops.
Employee benefit obligations (current and non-current)
Employee benefit obligations increased steadily in both current and non-current categories from 2015 through 2019. The current portion saw more pronounced growth, especially by late 2018 and into 2019. The non-current portion fluctuated but maintained a general upward trend over the period analyzed.
Other accruals
Other accruals revealed a downward trend from early 2015 to mid-2016, then demonstrated volatility with notable increases in late 2018 and in 2019. The highest accruals were recorded toward the end of the observed period.
Current liabilities
Current liabilities followed a pattern of rising and falling, with a general upward trend evident especially between 2016 and 2019. Peaks were observed in mid-2018 and late 2019, indicating increased short-term obligations in those periods.
Long-term debt
Long-term debt remained relatively stable throughout 2015, followed by a drop in 2016 before rising steadily again from late 2016 through 2019. The levels in 2018 and 2019 were generally higher than those seen in 2015 and early 2016, signifying increased long-term borrowing or bond issuance.
Asset retirement obligations and accrued environmental costs
These obligations were relatively stable with minor fluctuations. There was no significant trend up or down, suggesting consistent management or accrual of environmental liabilities over the examined timeframe.
Deferred income taxes
Deferred income taxes generally increased from 2015 through 2017, reached a notable trough at the end of 2017, and then resumed an upward trend through 2018 and 2019. The mid-period dip was the most pronounced anomaly in an otherwise rising trend.
Other liabilities and deferred credits
Other liabilities and deferred credits remained low and stable through 2017 and early 2018 but surged significantly in 2019, reaching levels more than four times the earlier amounts. This sharp increase suggests recognition of new liabilities or changes in accounting estimates starting in 2019.
Noncurrent liabilities
Noncurrent liabilities saw a general upward trend with some fluctuations, particularly rising significantly in late 2016 and stabilizing somewhat yet remaining elevated through 2019. This corresponds with observed long-term debt patterns and other increasing long-term obligations.
Total liabilities
Total liabilities fluctuated moderately but showed an increasing trend from 2015 to the end of 2019. Peaks were observed in late 2016 and again throughout 2018 and 2019, reflective of increases across various current and non-current liability categories.
Stockholders’ equity components
Common stock remained unchanged, indicating no change in shares issued. Capital in excess of par rose slightly but steadily over the period. Treasury stock increased in absolute negative value consistently, pointing toward ongoing share repurchases. Retained earnings grew substantially each year, suggesting profitability retention despite share buybacks. Accumulated other comprehensive loss fluctuated with no clear directional pattern but generally remained in a moderate loss position.
Total equity
Total equity increased consistently from 2015 through the period end in 2019, with a notable jump in late 2017 associated with a significant increase in retained earnings. This growth indicates strengthening shareholders' value amidst fluctuating liabilities.
Total liabilities and equity
The sum of liabilities and equity grew steadily from 2015 to 2019, tracking the combined increases in liabilities and equity. This reflects overall expansion of the company's balance sheet size across the observed periods.