Marathon Oil Corporation (MRO) financial statements (2020 and earlier)

Company profile

Business Address P O BOX 3128
HOUSTON, TX 77253-3128
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8581,4625632,4901,2212,398264
Cash and cash equivalents8581,4625632,4901,2212,398264
Receivables1,1221,0791,8308779121,7602,134
Inventory, net of allowances, customer advances and progress billings7296126227313357364
Inventory7296126227313357364
Disposal group, including discontinued operation 2711    
Other current assets832573671144109213
Other undisclosed current assets     (31) 
Total current assets:2,1352,9212,5663,6652,5904,5932,975
Noncurrent Assets
Property, plant and equipment17,00016,80417,66525,71827,06129,04028,145
Long-term investments and receivables6637458479311,0031,1131,201
Long-term investments6637458479311,0031,1131,201
Intangible assets, net (including goodwill)9597115115115459499
Goodwill9597115115115459499
Disposal group, including discontinued operation, noncurrent assets 3155   
Other noncurrent assets3527237646651,5428062,800
Total noncurrent assets:18,11018,40019,44627,42929,72131,41832,645
TOTAL ASSETS:20,24521,32122,01231,09432,31136,01135,620
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5371,6551,6801,3011,5783,0213,891
Accounts payable1,3071,3201,3951,0781,3132,5452,206
Employee-related liabilities112154108129133191240
Taxes payable118181177941322851,445
Debt   68611,068203
Asset retirement obligation     4187
Due to related parties     11 
Disposal group, including discontinued operation 7     
Deferred tax liabilities    31
Other liabilities208170288253150290239
Other undisclosed current liabilities     (55)(88)
Total current liabilities:1,7451,8321,9682,2401,7294,3794,333
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,5015,4995,4946,5897,2765,3236,394
Long-term debt, excluding current maturities5,5365,5365,5367,3097,3096,3776,446
Operating lease, liability107
Other undisclosed long-term debt and lease obligation(142)(37)(42)(720)(33)(1,054)(52)
Liabilities, other than long-term debt6121,3841,7924,4804,4455,2895,549
Asset retirement obligations2431,0811,4281,6971,6011,9172,009
Deferred tax liabilities, net  2,4382,4412,4862,492
Deferred income tax liabilities186
Postemployment benefits liability604
Liability, pension and other postretirement and postemployment benefits183195362345403598
Disposal group, including discontinued operation, liabilities 1082    
Other liabilities     288444
Other undisclosed noncurrent liabilities2344781,050244308  
Total noncurrent liabilities:6,3477,3618,33611,31312,02910,61211,943
Total liabilities:8,0929,19310,30413,55313,75814,99116,276
Stockholders' equity
Stockholders' equity attributable to parent12,15312,12811,70817,54118,55321,02019,344
Common stock937937937937770770770
Treasury stock, value(4,089)(3,816)(3,325)(3,431)(3,554)(3,642)(2,903)
Additional paid in capital7,2077,2387,3797,4466,4986,5316,592
Accumulated other comprehensive income (loss)10563(62)(83)(135)(277)(250)
Retained earnings7,9937,7066,77912,67214,97417,63815,135
Total stockholders' equity:12,15312,12811,70817,54118,55321,02019,344
TOTAL LIABILITIES AND EQUITY:20,24521,32122,01231,09432,31136,01135,620

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues5,1906,5824,7654,6505,86111,25814,959
Revenue, net   10,84614,501
Cost of revenue(4,025)(4,157)(3,860)(4,669)(5,892)(7,353)(7,176)
Cost of goods and services sold (842)(874)(1,595)(2,263)(4,351)(4,403)
Gross profit:1,1652,425905(19)(31)3,9057,783
Operating expenses(529)(758)(1,038)(881)(2,660)(2,306)(2,579)
Other operating income (expense), net
(Other Expenses)
(605)(575)(431)(511)(438)(462)439
Other undisclosed operating income (loss)605575431511438462(439)
Operating income (loss):6361,667(133)(900)(2,691)1,5995,204
Nonoperating income11222031544819
Investment income, nonoperating   14976
Foreign currency transaction gain, before tax498  2116
Other nonoperating income (expense)71312174520(3)
Interest and debt expense(283)(280)(431)(402)(358)(297)(307)
Income (loss) from continuing operations before equity method investments, income taxes:3641,409(544)(1,271)(2,995)1,3504,916
Income from equity method investments     424423
Other undisclosed income (loss) from continuing operations before income taxes2818903637(413)(409)
Income (loss) from continuing operations before income taxes:3921,427(454)(1,235)(2,958)1,3614,930
Income tax expense (benefit)88(331)(376)(905)754(392)(3,337)
Income (loss) from continuing operations:4801,096(830)(2,140)(2,204)9691,593
Income (loss) from discontinued operations  (4,893)  2,077160
Net income (loss) available to common stockholders, diluted:4801,096(5,723)(2,140)(2,204)3,0461,753

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):4801,096(5,723)(2,140)(2,204)3,0461,753
Other comprehensive income (loss)421252152142(27)183
Comprehensive income (loss), net of tax, attributable to parent:5221,221(5,702)(2,088)(2,062)3,0191,936

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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