Module 8: Project 2
Juicetea
ExxonMobile.xlsxBalance Sheet
| NOTE: 2016 BALANCE SHEET INFORMATION SHOULD BE USED ONLY FOR RATIOS | |||||||
| Report Date | 2019 | 2018 | 2017 | 2016 | |||
| Scale | Thousands | Thousands | Thousands | Thousands | |||
| Assets | |||||||
| Cash & cash equivalents | 3,089,000 | 3,042,000 | 3,177,000 | 3,657,000 | |||
| Notes & accounts receivable, less estimated doubtful amounts | 26,966,000 | 24,701,000 | 25,597,000 | 21,394,000 | |||
| Inventory | 14,010,000 | 14,803,000 | 12,871,000 | 10,877,000 | |||
| Supplies | 4,518,000 | 4,155,000 | 4,121,000 | 4,203,000 | |||
| Other current assets | 1,469,000 | 1,272,000 | 1,368,000 | 1,285,000 | |||
| Total current assets | 50,052,000 | 47,973,000 | 47,134,000 | 41,416,000 | |||
| Investments, advances & long-term receivables | 43,164,000 | 40,790,000 | 39,160,000 | 35,102,000 | |||
| Property, plant & equipment, at cost, less accumulated depreciation & depletion | 253,018,000 | 247,101,000 | 252,630,000 | 244,224,000 | |||
| Other assets, including intangibles, net | 16,363,000 | 10,332,000 | 9,767,000 | 9,572,000 | |||
| Total assets | 362,597,000 | 346,196,000 | 348,691,000 | 330,314,000 | |||
| Liabilities | |||||||
| Notes & loans payable | 20,578,000 | 17,258,000 | 17,930,000 | 13,830,000 | |||
| Accounts payable & accrued liabilities | 41,831,000 | 37,268,000 | 36,796,000 | 31,193,000 | |||
| Income taxes payable | 1,580,000 | 2,612,000 | 3,045,000 | 2,615,000 | |||
| Total current liabilities | 63,989,000 | 57,138,000 | 57,771,000 | 47,638,000 | |||
| Long-term debt | 26,342,000 | 20,538,000 | 24,406,000 | 28,932,000 | |||
| Postretirement benefits reserves | 22,304,000 | 20,272,000 | 21,132,000 | 20,680,000 | |||
| Deferred income tax liabilities | 25,620,000 | 27,244,000 | 26,893,000 | 34,041,000 | |||
| Long-term obligations to equity companies | 3,988,000 | 4,382,000 | 4,774,000 | 5,124,000 | |||
| Other long-term obligations | 21,416,000 | 18,094,000 | 19,215,000 | 20,069,000 | |||
| Total liabilities | 163,659,000 | 147,668,000 | 154,191,000 | 156,484,000 | |||
| Stockholders Equity | |||||||
| Common stock | 15,637,000 | 15,258,000 | 14,656,000 | 12,157,000 | |||
| Retained Earnings | 421,341,000 | 421,653,000 | 414,540,000 | 407,831,000 | |||
| Accumulated other comprehensive income (loss) | (19,493,000) | (19,564,000) | (16,262,000) | (22,239,000) | |||
| Common stock held in treasury | (225,835,000) | (225,553,000) | (225,246,000) | (230,424,000) | |||
| Noncontrolling interests | 7,288,000 | 6,734,000 | 6,812,000 | 6,505,000 | |||
| Total equity | 198,938,000 | 198,528,000 | 194,500,000 | 173,830,000 |
Income Statement
| Report Date | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
| Scale | Thousands | Thousands | Thousands | ||
| Net Sales | 255,583,000 | 279,332,000 | 237,162,000 | ||
| Income from equity affiliates | 5,441,000 | 7,355,000 | 5,380,000 | ||
| Other income | 3,914,000 | 3,525,000 | 1,821,000 | ||
| Total revenues & other income | 264,938,000 | 290,212,000 | 244,363,000 | ||
| Cost of goods sold | 143,801,000 | 156,172,000 | 128,217,000 | ||
| Production & manufacturing expenses | 36,826,000 | 36,682,000 | 34,128,000 | ||
| Selling, general & administrative expenses | 11,398,000 | 11,480,000 | 10,956,000 | ||
| Depreciation & depletion expense | 18,998,000 | 18,745,000 | 19,893,000 | ||
| Exploration expenses, including dry holes | 1,269,000 | 1,466,000 | 1,790,000 | ||
| Non-service pension & postretirement benefit expense | 1,235,000 | 1,285,000 | - 0 | ||
| Interest expense | 830,000 | 766,000 | 601,000 | ||
| Other taxes & duties | 30,525,000 | 32,663,000 | 30,104,000 | ||
| Income (loss) before income taxes | 20,056,000 | 30,953,000 | 18,674,000 | ||
| Income taxes | 5,282,000 | 9,532,000 | (1,174,000) | ||
| Income (loss) after income taxes | 14,774,000 | 21,421,000 | 19,848,000 | ||
| Net income attributable to noncontrolling interests | (434,000) | (581,000) | (138,000) | ||
| Net income | 14,340,000 | 20,840,000 | 19,710,000 |
Additional Info
| 2019 | 2018 | 2017 | 2016 | ||||
| Trade notes & accounts receivable, gross | 21,134,000 | 19,699,000 | 21,346,000 | 16,108,000 | |||
| Less: reserves - trade notes & accounts receivable | 34,000 | 61,000 | 72,000 | 75,000 | |||
| Other notes & accounts receivable, gross | 6,237,000 | 5,402,000 | 4,862,000 | 5,988,000 | |||
| Less: reserves - other notes & accounts receivable | 371,000 | 339,000 | 539,000 | 627,000 | |||
| Upstream | 376,041,000 | 372,791,000 | 371,904,000 | 355,265,000 | |||
| Downstream | 52,527,000 | 48,241,000 | 50,343,000 | 47,915,000 | |||
| Chemical | 40,788,000 | 39,008,000 | 37,966,000 | 34,098,000 | |||
| Other property, plant & equipment | 17,346,000 | 17,150,000 | 16,972,000 | 16,637,000 | |||
| Property, plant & equipment, at cost | 486,702,000 | 477,190,000 | 477,185,000 | 453,915,000 | |||
| Less: accumulated depreciation & depletion | 233,684,000 | 230,089,000 | 224,555,000 | 209,691,000 | |||
| Net cash flows from operating activities | 29,716,000 | 36,014,000 | 30,066,000 | 22,082,000 | |||
| Weighted average shares outstanding - basic | 4270000 | 4270000 | 4256000 | ||||
| Year end shares outstanding | 4234000 | 4237000 | 4239000 | ||||
| Tax Rate | 35% | 35% | 35% |
