Balance Sheet: Assets
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.
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- Income Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Aggregate Accruals
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ConocoPhillips, consolidated balance sheet: assets
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 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).
The financial data indicates several notable trends in the company's asset composition and magnitude over the five-year period ending December 31, 2024.
- Cash and cash equivalents
- There was a substantial increase from 2991 million USD in 2020 to a peak of 6458 million USD in 2022, followed by a slight decline in the subsequent years to around 5600 million USD. This suggests initial strengthening liquidity which later stabilized at a relatively high level.
- Short-term investments
- Values showed significant fluctuations, starting high at 3609 million USD in 2020, dropping sharply to 446 million USD in 2021, rebounding to 2785 million USD in 2022, then declining again towards 507 million USD by 2024. This volatility may reflect strategic shifts or market conditions affecting short-term investment decisions.
- Accounts and notes receivable, net of allowance
- This item increased markedly from 2634 million USD in 2020 to a high of 7075 million USD in 2022, dipped to 5461 million USD in 2023, and rose again to 6621 million USD in 2024, indicating variable collection cycles or sales on credit impacting receivables.
- Accounts and notes receivable, related parties
- These balances stayed relatively low, starting at 120 million USD in 2020, dropping to minimal values in 2022 and 2023, but then rising to 74 million USD in 2024. The changes are minor compared to overall receivables, showing limited exposure to related party risk in this category.
- Investment in Cenovus Energy
- This investment was reported for the first two years (1256 million USD in 2020, decreasing to 1117 million USD in 2021) but absent thereafter, likely due to divestiture or reclassification beyond 2021.
- Inventories
- There was a consistent upward trend in inventory levels from 1002 million USD in 2020 to 1809 million USD in 2024. This steady increase suggests either growing production, stockpiling, or possibly slower inventory turnover.
- Prepaid expenses and other current assets
- Prepaid expenses and similar assets rose sharply from 454 million USD in 2020 to a peak of 1581 million USD in 2021, then declined to 852 million USD in 2023 before a slight increase to 1029 million USD in 2024. This variability may reflect timing differences or changes in payment practices.
- Current assets
- Current assets grew significantly from 12066 million USD in 2020 to 18749 million USD in 2022 but then contracted to 14330 million USD in 2023, followed by a modest recovery to 15647 million USD in 2024. The fluctuations align with movements in cash, receivables, and short-term investments, indicating dynamic liquidity management and short-term financial positioning.
- Equity investments
- Equity investments showed a general upward trend, decreasing slightly from 7596 million USD in 2020 to 6701 million USD in 2021, but then steadily increasing to 8611 million USD by 2024. This growth may indicate increased strategic holdings or valuation appreciation.
- Long-term receivables
- This line item remained relatively stable with minor fluctuations around low triple-digit millions, ending at 113 million USD in 2024. The consistency suggests limited variation in receivables expected beyond one year.
- Long-term investments in debt securities
- A clear upward trajectory is visible from 217 million USD in 2020 to 1055 million USD in 2024, reflecting increased allocation to long-term debt instruments, possibly for income or risk diversification purposes.
- Other investments
- Other investments stayed quite stable, varying only slightly between 66 and 93 million USD, indicating a minor and steady portion of total investments.
- Investments and long-term receivables total
- Growth was noticeable from 8017 million USD in 2020 to 9869 million USD in 2024, consistent with the trends identified in equity investments and long-term debt securities, representing a growing emphasis on long-term financial assets.
- Loans and advances, related parties
- Loans reported only in 2020 at 114 million USD and were not present subsequently, indicating a possible one-time or discontinued activity in related party lending.
- Net properties, plants, and equipment
- There was a pronounced increase from 39893 million USD in 2020 to 94356 million USD in 2024, with steady growth each year. This substantial rise reflects ongoing capital investments and asset base expansion, suggesting a strong focus on fixed asset development or acquisition.
- Other assets
- Other assets fluctuated modestly, starting at 2528 million USD in 2020, dropping slightly to 1989 million USD in 2022, and rebounding to 2908 million USD in 2024. The variations suggest small-scale adjustments or reclassifications without major impact.
- Noncurrent assets
- Noncurrent assets increased substantially from 50552 million USD in 2020 to 107133 million USD in 2024, mirroring growth in property, plant, and equipment and investments, demonstrating a clear emphasis on long-term asset accumulation.
- Total assets
- The total asset base showed a strong upward trend, growing from 62618 million USD in 2020 to 122780 million USD in 2024. This doubling in size over five years signifies significant expansion and potentially increased operational scale and investment activity.