Imperial Oil Limited (IMO) financial statements (2022 and earlier)
Company profile
| Business Address |
505 QUARRY PARK BOULEVARD S.E. CALGARY, AB T2C 5N1 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 2911 - Petroleum Refining (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,153 | 771 | 1,718 | 988 | 1,195 | 391 | 203 | ||
| Cash and cash equivalents | 2,153 | 771 | 1,718 | 988 | 1,195 | 391 | 203 | ||
| Receivables | 3,869 | 1,919 | 2,699 | 2,529 | 2,712 | 2,023 | 1,581 | ||
| Inventory, net of allowances, customer advances and progress billings | 747 | 685 | 828 | 803 | 732 | 609 | 741 | ||
| Inventory | 747 | 685 | 828 | 803 | 732 | 609 | 741 | ||
| Other undisclosed current assets | 1,044 | 1,149 | 1,084 | 1,035 | 768 | 808 | 1,145 | ||
| Total current assets: | 7,813 | 4,524 | 6,329 | 5,355 | 5,407 | 3,831 | 3,670 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 31,240 | 32,034 | 34,203 | 34,225 | 34,473 | 36,333 | 37,799 | ||
| Long-term investments and receivables, including: | 757 | 781 | 891 | 857 | 865 | 1,030 | 1,414 | ||
| Other undisclosed long-term investments and receivables | 757 | 781 | 891 | 857 | 865 | 1,030 | 1,414 | ||
| Intangible assets, net (including goodwill) | 166 | 166 | 186 | 186 | 186 | 186 | 287 | ||
| Goodwill | 166 | 166 | 186 | 186 | 186 | 186 | 224 | ||
| Intangible assets, net (excluding goodwill) | 63 | ||||||||
| Other noncurrent assets | 806 | 526 | 578 | 833 | 670 | 274 | |||
| Total noncurrent assets: | 32,969 | 33,507 | 35,858 | 36,101 | 36,194 | 37,823 | 39,500 | ||
| TOTAL ASSETS: | 40,782 | 38,031 | 42,187 | 41,456 | 41,601 | 41,654 | 43,170 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 5,184 | 3,153 | 4,260 | 3,688 | 3,877 | 3,193 | 2,989 | ||
| Employee-related liabilities | 56 | 58 | 58 | 55 | 56 | 58 | 59 | ||
| Taxes payable | 248 | 106 | 65 | 57 | 488 | 452 | |||
| Other undisclosed accounts payable and accrued liabilities | 4,880 | 3,095 | 4,096 | 3,568 | 3,764 | 2,647 | 2,478 | ||
| Debt | 122 | 227 | 229 | 202 | 202 | 202 | 1,952 | ||
| Due to related parties | 75 | 75 | |||||||
| Deferred tax liabilities | ✕ | ✕ | ✕ | 41 | |||||
| Other undisclosed current liabilities | 248 | 106 | 65 | 57 | 413 | 336 | |||
| Total current liabilities: | 5,554 | 3,380 | 4,595 | 3,955 | 4,136 | 3,883 | 5,393 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,054 | 4,957 | 4,961 | 4,978 | 5,005 | 5,032 | 6,564 | ||
| Long-term debt, excluding current maturities | 4,447 | 4,447 | 4,447 | 4,447 | 4,447 | 4,447 | 5,952 | ||
| Finance lease, liability | 607 | 510 | 514 | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 531 | 558 | 585 | 612 | ||
| Liabilities, other than long-term debt | 3,897 | 4,100 | 3,637 | 8,034 | 8,025 | 7,718 | 7,788 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 5,091 | 4,245 | 4,062 | 4,191 | ||
| Other liabilities | 3,897 | 4,100 | 3,637 | 2,943 | 3,780 | 3,656 | 3,597 | ||
| Other undisclosed noncurrent liabilities | 4,542 | 4,176 | 4,718 | ||||||
| Total noncurrent liabilities: | 13,493 | 13,233 | 13,316 | 13,012 | 13,030 | 12,750 | 14,352 | ||
| Total liabilities: | 19,047 | 16,613 | 17,911 | 16,967 | 17,166 | 16,633 | 19,745 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 21,735 | 21,418 | 24,276 | 24,489 | 24,435 | 25,021 | 23,425 | ||
| Common stock | 1,252 | 1,357 | 1,375 | 1,446 | 1,536 | 1,566 | 1,566 | ||
| Accumulated other comprehensive loss | (1,177) | (1,989) | (1,911) | (1,517) | (1,815) | (1,897) | (1,828) | ||
| Retained earnings | 21,660 | 22,050 | 24,812 | 24,560 | 24,714 | 25,352 | 23,687 | ||
| Total stockholders' equity: | 21,735 | 21,418 | 24,276 | 24,489 | 24,435 | 25,021 | 23,425 | ||
| TOTAL LIABILITIES AND EQUITY: | 40,782 | 38,031 | 42,187 | 41,456 | 41,601 | 41,654 | 43,170 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 37,590 | 22,388 | 34,101 | 35,099 | 29,424 | 27,354 | 26,888 | |
| Revenue from related parties | 8,777 | 5,107 | 8,569 | 6,383 | ✕ | ✕ | ✕ | |
| Cost of revenue | (34,275) | (24,783) | (32,008) | (32,007) | (28,659) | (24,816) | (23,775) | |
| Gross profit: | 3,315 | (2,395) | 2,093 | 3,092 | 765 | 2,538 | 3,113 | |
| Operating expenses | (32) | (13) | (47) | (19) | (183) | (94) | (1,190) | |
| Operating income (loss): | 3,283 | (2,408) | 2,046 | 3,073 | 582 | 2,444 | 1,923 | |
| Interest and debt expense | (63) | (102) | (138) | (133) | (103) | (121) | (102) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 3,220 | (2,510) | 1,908 | 2,940 | 479 | 2,323 | 1,821 | |
| Other undisclosed income from continuing operations before income taxes | 63 | 102 | 138 | 133 | 103 | 121 | 102 | |
| Income (loss) from continuing operations before income taxes: | 3,283 | (2,408) | 2,046 | 3,073 | 582 | 2,444 | 1,923 | |
| Income tax expense (benefit) | (804) | 551 | 154 | (759) | (92) | (279) | (801) | |
| Net income (loss) available to common stockholders, diluted: | 2,479 | (1,857) | 2,200 | 2,314 | 490 | 2,165 | 1,122 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,479 | (1,857) | 2,200 | 2,314 | 490 | 2,165 | 1,122 | |
| Other comprehensive income (loss) | 812 | (78) | (394) | 298 | 82 | (69) | 231 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 3,291 | (1,935) | 1,806 | 2,612 | 572 | 2,096 | 1,353 | |
Statements sources
The financial statements are based on the company's filings with the 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.