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Similar to occidental petroleum Consolidated Balance Sheets
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occidental petroleum Consolidated Balance Sheets
- 1. Consolidated Balance Sheets
(Millions)
31-Dec-08 31-Dec-07 31-Dec-06 31-Dec-05 31-Dec-04
CURRENT ASSETS
Cash and cash equivalents $ 1,777 $ 1,964 $ 1,339 $ 2,188 $ 1,199
Short-term investments - - 240 252 250
Trade receivables, net of reserves 3,117 4,973 2,825 2,531 1,846
Marketing and trading assets and other 1,012 416 499 568 299
Inventories 958 910 825 716 532
Assets of discontinued operations / held for sale - - 184 627 678
Prepaid expenses and other 308 332 257 278 176
Total current assets 7,172 8,595 6,169 7,160 4,980
INVESTMENTS IN UNCONSOLIDATED ENTITIES 1,263 783 1,344 1,216 1,734
PROPERTY, PLANT AND EQUIPMENT
Oil and gas segment, successful efforts method 40,091 32,624 28,671 20,080 16,400
Chemical segment 5,090 5,049 5,063 4,862 4,475
Midstream, marketing and other segment 2,445 1,898 1,425 1,088 960
Corporate 1,102 345 321 317 311
48,728 39,916 35,480 26,347 22,146
Accumulated depreciation, depletion and amortization (16,462) (13,638) (11,342) (9,383) (8,053)
32,266 26,278 24,138 16,964 14,093
LONG TERM RECEIVABLES AND OTHER ASSETS, NET 836 863 780 830 633
$ 41,537 $ 36,519 $ 32,431 $ 26,170 $ 21,440
CURRENT LIABILITIES
Current maturities of long-term debt and notes payable $ 698 $ 47 $ 171 $ 46 $ 459
Accounts payable 3,306 4,263 2,263 2,046 1,536
Accrued liabilities 1,595 1,399 1,532 1,526 930
Dividends payable 266 212 188 147 110
Domestic and foreign income taxes 158 227 396 326 209
Liabilities of discontinued operations 111 118 145 149 150
Total current liabilities 6,134 6,266 4,695 4,240 3,394
LONG-TERM DEBT, NET OF CURRENT MATURITIES 2,049 1,741 2,619 2,873 3,345
AND UNAMORTIZED DISCOUNT
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred and other domestic and foreign income taxes 2,660 2,324 2,366 1,005 1,281
Liabilities of discontinued operations 152 174 195 - -
Other 3,217 3,156 2,952 2,610 2,486
6,029 5,654 5,513 3,615 3,767
CONTINGENT LIABILITIES AND COMMITMENTS
MINORITY INTEREST 25 35 352 351 337
STOCKHOLDERS’ EQUITY
Common stock, $.20 par value 176 175 174 161 159
Treasury stock (4,121) (2,610) (1,481) (8) -
Additional paid-in capital 7,113 7,071 6,905 4,827 4,572
Retained earnings 24,684 18,819 13,987 10,484 5,711
Accumulated other comprehensive income (loss) (552) (632) (333) (373) 155
27,300 22,823 19,252 15,091 10,597
$ 41,537 $ 36,519 $ 32,431 $ 26,170 $ 21,440