Concho Resources Balance Sheet - Quarterly (NYSE:CXO)

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$153.49 $1.43 (0.92%) CXO stock closing price May 18, 2018 (Closing)

The financial analysis of a company like Concho Resources involves checking the three financial statements of the company in detail, of which the balance sheet is one. As in our Concho Resources stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Concho Resources had a long term debt of $2.37B at the end of 2018 Q1. To understand the debt servicing capacity of the company, one needs to look at Concho Resources operating cash flow and Concho Resources revenue also. Concho Resources debt to equity ratio is 0.25.

View and download Concho Resources quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash---662M771M53.26M1.16B481.23M466.82M228.55M
Marketable Securities----------
Receivables652M543M494M468M487M458.36M410.21M363.58M360.24M394.58M
Inventory11M14M--------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets56M35M41M174M95M34.86M149.65M267.17M561.5M691.42M
Total Current Assets
719M592M535M1.3B1.35B546.49M1.72B1.11B1.39B1.31B
Property Plant & Equipment22.27B21.5B20.99B19.94B19.5B18.69B16.95B16.67B-16.02B
Accumulated Depreciation8.66B8.46B8.17B7.9B7.67B7.39B7.4B7.11B6.83B5.05B
Net Property Plant & Equipment
13.61B13.04B12.82B12.04B11.83B11.3B9.55B9.57B9.57B10.98B
Investment & Advances----------
Other Non-Current Assets2M-28M90M42M---114.07M167.03M
Deferred Charges12M13M14M15M10M10.9M12.07M13.24M14.41M15.58M
Intangibles22M26M24M24M24M24.23M24.59M24.96M25.32M25.69M
Deposits & Other Assets15M60M62M118M61M235.25M268.11M184.97M174.24M142.06M
Total Assets
14.38B13.73B13.48B13.59B13.32B12.12B11.57B10.9B11.29B12.64B
Notes Payable----------
Accounts Payable218M226M171M155M174M160.04M133.84M129.37M144.08M182.98M
Current Portion Long-Term Debt72M116M68M-------
Current Portion Capital Leases----------
Accrued Expenses307M330M534M446M445M359.49M326.18M279.36M267.23M228.52M
Income Taxes Payable----------
Other Current Liabilities512M493M37M165M161M233.64M112.62M166.85M193.62M184.91M
Total Current Liabilities
1.11B1.17B810M766M780M753.18M572.64M575.59M604.94M596.42M
Mortgages----------
Deferred Taxes/Income941M687M1.15B1.21B1.12B766.03M862.76M890.32M1.05B1.63B
Convertible Debt----------
Long-Term Debt2.37B2.69B2.74B2.74B2.74B2.74B2.74B3.33B3.33B3.33B
Non-Current Capital Leases----------
Other Long-Term Liabilities223M274M153M143M144M236.83M199.79M198.46M143.15M140.34M
Total Liabilities
4.64B4.82B4.85B4.86B4.79B4.5B4.38B5B5.13B5.7B
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus7.16B7.14B7.13B7.11B7.06B6.78B6.23B4.89B4.87B4.63B
Retained Earnings2.68B1.84B1.57B1.69B1.53B883.19M1.01B1.06B1.33B2.35B
Treasury Stock96M67M67M65M63M43.56M43.47M43.32M41.06M31.6M
Other Liabilities----------
Shareholders Equity9.74B8.92B8.63B8.73B8.53B7.62B7.19B5.9B6.16B6.94B
Total Liabilities & Shareholders Equity14.38B13.73B13.48B13.59B13.32B12.12B11.57B10.9B11.29B12.64B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Concho Resources stock price by looking at Concho Resources historical stock prices. One can compare PE with industry average by looking at the Concho Resources PE ratio chart. The common balance sheet items are:

  • Assets: An asset is a resource that a corporation like Concho Resources owns and has monetary significance. CXO assets grew from $13.73B in 2017 Q4 to $14.38B in 2018 Q1. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Concho Resources is $4.64B. Shareholders equity comes under liabilities as it is money the company owes the holders of CXO stock.

Concho Resources Balance Sheet - Key Ratios

Current ratio
0.65
Debt to equity ratio
0.25
Asset turnover ratio
0.27
Receivables turnover
5.52
Price to book ratio
2.57