Concho Resources Balance Sheet - Quarterly (NYSE:CXO)

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$135.71 $0.66 (0.49%) CXO stock closing price Aug 20, 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 Q2. 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 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash55M---662M771M53.26M1.16B481.23M466.82M
Marketable Securities----------
Receivables655M652M543M494M468M487M458.36M410.21M363.58M360.24M
Inventory17M11M14M-------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets223M56M35M41M174M95M34.86M149.65M267.17M561.5M
Total Current Assets
950M719M592M535M1.3B1.35B546.49M1.72B1.11B1.39B
Property Plant & Equipment22.75B22.27B21.5B20.99B19.94B19.5B18.69B16.95B16.67B-
Accumulated Depreciation8.96B8.66B8.46B8.17B7.9B7.67B7.39B7.4B7.11B6.83B
Net Property Plant & Equipment
13.79B13.61B13.04B12.82B12.04B11.83B11.3B9.55B9.57B9.57B
Investment & Advances----------
Other Non-Current Assets-2M-28M90M42M---114.07M
Deferred Charges12M12M13M14M15M10M10.9M12.07M13.24M14.41M
Intangibles21M22M26M24M24M24M24.23M24.59M24.96M25.32M
Deposits & Other Assets19M15M60M62M118M61M235.25M268.11M184.97M174.24M
Total Assets
14.79B14.38B13.73B13.48B13.59B13.32B12.12B11.57B10.9B11.29B
Notes Payable----------
Accounts Payable277M218M226M171M155M174M160.04M133.84M129.37M144.08M
Current Portion Long-Term Debt-72M116M68M------
Current Portion Capital Leases----------
Accrued Expenses354M307M330M534M446M445M359.49M326.18M279.36M267.23M
Income Taxes Payable----------
Other Current Liabilities615M512M493M37M165M161M233.64M112.62M166.85M193.62M
Total Current Liabilities
1.25B1.11B1.17B810M766M780M753.18M572.64M575.59M604.94M
Mortgages----------
Deferred Taxes/Income981M941M687M1.15B1.21B1.12B766.03M862.76M890.32M1.05B
Convertible Debt----------
Long-Term Debt2.37B2.37B2.69B2.74B2.74B2.74B2.74B2.74B3.33B3.33B
Non-Current Capital Leases----------
Other Long-Term Liabilities304M223M274M153M143M144M236.83M199.79M198.46M143.15M
Total Liabilities
4.9B4.64B4.82B4.85B4.86B4.79B4.5B4.38B5B5.13B
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus7.18B7.16B7.14B7.13B7.11B7.06B6.78B6.23B4.89B4.87B
Retained Earnings2.81B2.68B1.84B1.57B1.69B1.53B883.19M1.01B1.06B1.33B
Treasury Stock98M96M67M67M65M63M43.56M43.47M43.32M41.06M
Other Liabilities----------
Shareholders Equity9.89B9.74B8.92B8.63B8.73B8.53B7.62B7.19B5.9B6.16B
Total Liabilities & Shareholders Equity14.79B14.38B13.73B13.48B13.59B13.32B12.12B11.57B10.9B11.29B
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 $14.38B in 2018 Q1 to $14.79B in 2018 Q2. 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 $4.9B. 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
2.19