Marathon Petroleum Corporation (MPC) financial statements (2021 and earlier)

Company profile

Business Address 539 SOUTH MAIN STREET
FINDLAY, OH 45840-3229
State of Incorp. DE
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4151,5271,6873,0118871,1271,494
Cash and cash equivalents4151,5271,6873,0118871,1271,494
Receivables5,7607,8725,8534,6953,6172,9274,065
Inventory, net of allowances, customer advances and progress billings7,99910,2439,8375,5505,6565,2255,642
Inventory7,99910,2439,8375,5505,6565,2255,642
Disposal group, including discontinued operation11,389      
Other current assets2,724528646145241192145
Other undisclosed current assets      (7)
Total current assets:28,28720,17018,02313,40110,4019,47111,339
Noncurrent Assets
Operating lease, right-of-use asset1,5212,459
Property, plant and equipment39,03545,61545,05826,44325,76525,16416,261
Long-term investments and receivables5,4226,8985,8984,7873,8273,622865
Long-term investments5,4226,8985,8984,7873,8273,622865
Intangible assets, net (including goodwill)8,25620,04020,1843,5863,5874,0191,566
Goodwill8,25620,04020,1843,5863,5874,0191,566
Other noncurrent assets2,6373,3743,777830833839429
Total noncurrent assets:56,87178,38674,91735,64634,01233,64419,121
TOTAL ASSETS:85,15898,55692,94049,04744,41343,11530,460
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,64013,93511,9649,5586,7405,8908,198
Accounts payable7,80311,6239,3668,2975,5934,7436,661
Employee-related liabilities7321,1261,152591530503427
Taxes payable1,1051,1861,4466706176441,110
Debt2,854711544624282927
Asset retirement obligation1424     
Due to related parties      18
Disposal group, including discontinued operation1,850      
Other liabilities822897708296378426354
Other undisclosed current liabilities483580    (18)
Total current liabilities:15,66316,14713,21610,4787,1466,3458,579
Noncurrent Liabilities
Long-term debt and lease obligation, including:28,73028,12726,98012,32210,54411,8966,610
Finance lease, liability576 
Operating lease, liability1,0141,875
Other undisclosed long-term debt and lease obligation27,14026,25226,98012,32210,54411,8966,610
Liabilities, other than long-term debt8,5078,2411,7311,0991,0554,4643,113
Asset retirement obligations183206222    
Deferred tax liabilities, net   3,2852,014
Deferred income tax liabilities6,2036,392
Liability, pension and other postretirement and postemployment benefits2,1211,6431,5091,0991,0551,1791,099
Other undisclosed noncurrent liabilities2,0382,9345,9603,3204,465735768
Total noncurrent liabilities:39,27539,30234,67116,74116,06417,09510,491
Total liabilities:54,93855,44947,88727,21923,21023,44019,070
Temporary equity, carrying amount9689681,0041,0001,000  
Stockholders' equity
Stockholders' equity attributable to parent22,19933,69435,17514,03313,55713,23710,751
Common stock1010107774
Treasury stock, value(15,157)(15,143)(13,175)(9,869)(7,482)(7,275)(6,299)
Additional paid in capital33,20833,15733,72911,26211,06011,0719,844
Accumulated other comprehensive loss(512)(320)(144)(231)(234)(318)(313)
Retained earnings4,65015,99014,75512,86410,2069,7527,515
Stockholders' equity attributable to noncontrolling interest7,0538,4458,8746,7956,6466,438639
Total stockholders' equity:29,25242,13944,04920,82820,20319,67511,390
TOTAL LIABILITIES AND EQUITY:85,15898,55692,94049,04744,41343,11530,460

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues69,779123,94995,75075,05363,51711297,928
Revenue, net74,73363,339 97,817
Other operating income118163202320178112111
Cost of revenue(69,846)(114,939)(89,136)(69,667)(59,283)(65,997)(92,697)
Cost of goods and services sold(65,733)(110,243)(85,456)(66,519)(56,676)(63,645)(90,455)
Gross profit:(67)9,0106,6145,3864,234(65,885)5,231
Operating expenses(11,433)(4,298)(2,395)(1,733)(1,703)(1,569)(1,354)
Other undisclosed operating income (loss)(747)8641,352316(153)72,146174
Operating income (loss):(12,247)5,5765,5713,9692,3784,6924,051
Nonoperating income
(Investment Income, Nonoperating)
      7
Interest and debt expense(1,365)(1,247)(1,003)(625)(556)(318)(216)
Income (loss) from continuing operations before equity method investments, income taxes:(13,612)4,3294,5683,3441,8224,3743,842
Income from equity method investments      153
Other undisclosed loss from continuing operations before income taxes      (160)
Income (loss) from continuing operations before income taxes:(13,612)4,3294,5683,3441,8224,3743,835
Income tax expense (benefit)2,430(1,074)(962)460(609)(1,506)(1,280)
Income (loss) before gain (loss) on sale of properties:(11,182)3,2553,6063,8041,2132,8682,555
Other undisclosed net income1,205      
Net income (loss):(9,977)3,2553,6063,8041,2132,8682,555
Net income (loss) attributable to noncontrolling interest151(618)(826)(372)(39)(16)(31)
Net income (loss) attributable to parent:(9,826)2,6372,7803,4321,1742,8522,524
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(1)(2)
Other undisclosed net loss available to common stockholders, basic    (1)(4)(4)
Net income (loss) available to common stockholders, diluted:(9,827)2,6362,7793,4301,1732,8482,520

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(9,977)3,2553,6063,8041,2132,8682,555
Other comprehensive income (loss)(192)(176)87384(5)(109)
Comprehensive income (loss):(10,169)3,0793,6933,8071,2972,8632,446
Comprehensive loss, net of tax, attributable to noncontrolling interest     (16)(31)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent151(618)(826)(372)(39)  
Comprehensive income (loss), net of tax, attributable to parent:(10,018)2,4612,8673,4351,2582,8472,415

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.

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