ANDEAVOR Financial Statements (2026 and earlier)
Company Profile
| Business Address |
19100 RIDGEWOOD PKWY SAN ANTONIO, TX 78259-1828 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2911 - Petroleum Refining (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 543 | 3,295 | 942 | 1,000 | 1,238 | 1,639 | |||
| Cash and cash equivalent | 543 | 3,295 | 942 | 1,000 | 1,238 | 1,639 | |||
| Receivables | 1,961 | 1,108 | 792 | 1,435 | 1,313 | 1,221 | |||
| Inventory, net of allowances, customer advances and progress billings | 3,630 | 2,640 | 2,302 | 2,439 | 2,565 | 1,578 | |||
| Inventory | 3,630 | 2,640 | 2,302 | 2,439 | 2,565 | 1,578 | |||
| Deferred costs | 213 | 160 | 95 | 43 | 569 | 357 | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 198 | ||
| Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | 16 | |||
| Deferred tax assets | 64 | 114 | |||||||
| Other undisclosed current assets | 536 | 211 | 176 | 157 | (439) | (471) | |||
| Total current assets: | 6,883 | 7,414 | 4,307 | 5,074 | 5,326 | 4,636 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 14,742 | 9,976 | 9,541 | 9,045 | 6,875 | 5,245 | |||
| Long-term investments and receivables | 170 | 114 | |||||||
| Long-term investments | 170 | 114 | |||||||
| Intangible assets, net (including goodwill) | 1,418 | 304 | 250 | ||||||
| Goodwill | 196 | 41 | 36 | ||||||
| Intangible assets, net (excluding goodwill) | 1,222 | 263 | 214 | ||||||
| Regulated entity, other noncurrent assets | (74) | ||||||||
| Deposits noncurrent assets | 53 | 15 | 137 | ||||||
| Deferred costs | 582 | 73 | 50 | ||||||
| Other noncurrent assets | 6,948 | 3,008 | 2,484 | 2,465 | 1,188 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 821 | ||
| Other undisclosed noncurrent assets | 74 | (2,223) | (506) | (437) | |||||
| Total noncurrent assets: | 21,690 | 12,984 | 12,025 | 11,510 | 8,063 | 6,066 | |||
| TOTAL ASSETS: | 28,573 | 20,398 | 16,332 | 16,584 | 13,389 | 10,702 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,330 | 3,089 | 2,530 | 4,154 | 4,055 | 3,379 | |||
| Interest and dividends payable | 45 | ||||||||
| Taxes payable | 336 | 415 | 284 | ||||||
| Employee-related liabilities | 307 | 232 | 217 | ||||||
| Accounts payable | 3,330 | 2,032 | 1,568 | 2,470 | 2,596 | 2,213 | |||
| Accrued liabilities | 1,057 | 962 | 996 | 812 | 665 | ||||
| Debt | 17 | 6 | 6 | 3 | |||||
| Accrued environmental loss contingencies | 69 | 28 | 13 | ||||||
| Asset retirement obligation | 3 | 5 | 22 | ||||||
| Disposal group, including discontinued operation | 12 | ||||||||
| Other liabilities | 1,654 | 1,057 | 962 | 996 | 806 | 69 | |||
| Deferred tax liabilities | 36 | ||||||||
| Other undisclosed current liabilities | (592) | (962) | (1,810) | (1,492) | (605) | ||||
| Total current liabilities: | 5,001 | 3,554 | 2,530 | 3,466 | 3,408 | 2,881 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 7,668 | 6,468 | 4,067 | 4,254 | 2,823 | 1,587 | |||
| Other undisclosed long-term debt and lease obligation | 7,668 | 6,468 | 4,067 | 4,254 | 2,823 | 1,587 | |||
| Liabilities, other than long-term debt | 2,489 | 2,249 | 1,995 | 2,678 | 1,936 | 1,611 | |||
| Accounts payable and accrued liabilities | 71 | ||||||||
| Asset retirement obligations | 58 | 24 | 24 | ||||||
| Deferred tax liabilities, net | 1,591 | 1,428 | 1,222 | 1,098 | 1,018 | 850 | |||
| Liability for uncertainty in income taxes | 5 | 5 | 17 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 421 | ✕ | ✕ | ||||||
| Accrued environmental loss contingencies | 205 | 234 | 73 | ||||||
| Disposal group, including discontinued operation, liabilities | 30 | ||||||||
| Other liabilities | 898 | 821 | 773 | 790 | 655 | 647 | |||
| Other undisclosed noncurrent liabilities | (790) | (263) | (114) | ||||||
| Total noncurrent liabilities: | 10,157 | 8,717 | 6,062 | 6,142 | 4,496 | 3,084 | |||
| Total liabilities: | 15,158 | 12,271 | 8,592 | 9,608 | 7,904 | 5,965 | |||
| Equity | |||||||||
| Equity, attributable to parent | 9,815 | 5,465 | 5,213 | 4,454 | 4,302 | 4,251 | |||
| Common stock | 33 | 27 | 26 | 26 | 26 | 25 | |||
| Treasury stock, value | (2,841) | (2,284) | (2,009) | (1,320) | (798) | (356) | |||
| Additional paid in capital | 5,224 | 1,473 | 1,391 | 1,255 | 1,186 | 1,070 | |||
| Accumulated other comprehensive loss | (252) | (188) | (149) | (149) | (52) | (137) | |||
| Retained earnings | 7,651 | 6,437 | 5,954 | 4,642 | 3,940 | 3,649 | |||
| Equity, attributable to noncontrolling interest | 3,600 | 2,662 | 2,527 | 2,522 | 1,183 | 486 | |||
| Total equity: | 13,415 | 8,127 | 7,740 | 6,976 | 5,485 | 4,737 | |||
| TOTAL LIABILITIES AND EQUITY: | 28,573 | 20,398 | 16,332 | 16,584 | 13,389 | 10,702 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 34,975 | 24,582 | 28,711 | 40,633 | 37,601 | 32,974 | ||
| Cost of revenue (Cost of Product and Service Sold) | (771) | (19,658) | (22,149) | (36,272) | (34,652) | (29,492) | ||
| Gross profit: | 34,204 | 4,924 | 6,562 | 4,361 | 2,949 | 3,482 | ||
| Operating expenses | (3,924) | (2,942) | (2,620) | (2,744) | (2,248) | (1,854) | ||
| Other undisclosed operating income (loss) | (28,755) | (501) | (1,115) | 15 | 54 | (226) | ||
| Operating income: | 1,525 | 1,481 | 2,827 | 1,632 | 755 | 1,402 | ||
| Nonoperating income (expense) | 6 | 57 | 13 | 57 | 65 | (24) | ||
| Other nonoperating income (expense) | 6 | 57 | 13 | 57 | 63 | (26) | ||
| Interest and debt expense | (439) | (274) | (217) | (235) | (151) | (166) | ||
| Income from continuing operations before equity method investments, income taxes: | 1,092 | 1,264 | 2,623 | 1,454 | 669 | 1,212 | ||
| Income from equity method investments | 23 | 13 | 7 | 10 | 11 | |||
| Income from continuing operations before income taxes: | 1,115 | 1,277 | 2,630 | 1,464 | 680 | 1,212 | ||
| Income tax expense (benefit) | 560 | (427) | (936) | (547) | (246) | (442) | ||
| Income from continuing operations: | 1,675 | 850 | 1,694 | 917 | 434 | 770 | ||
| Income before gain (loss) on sale of properties: | 1,683 | 860 | 1,690 | 888 | 454 | 770 | ||
| Income (loss) from discontinued operations | 8 | 10 | (4) | (29) | 20 | |||
| Net income: | 1,683 | 860 | 1,690 | 888 | 454 | 770 | ||
| Net loss attributable to noncontrolling interest | (155) | (126) | (150) | (45) | (42) | (27) | ||
| Net income available to common stockholders, diluted: | 1,528 | 734 | 1,540 | 843 | 412 | 743 | ||
Comprehensive Income ($ in millions)
| 6/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,683 | 860 | 1,690 | 888 | 454 | 770 | ||
| Other comprehensive income (loss) | (64) | (39) | (97) | 85 | (62) | |||
| Comprehensive income: | 1,619 | 821 | 1,690 | 791 | 539 | 708 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (155) | (126) | (150) | (45) | 42 | 27 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (84) | (54) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 1,464 | 695 | 1,540 | 746 | 497 | 681 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.