Occidental Petroleum 2003 Annual Report Download - page 48
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Assets at December 31, 2003 2002
===================================================================================== ========== ==========
CURRENT ASSETS
Cash and cash equivalents $ 683 $ 146
Trade receivables, net of reserves of $24 in 2003 and $28 in 2002 804 608
Receivables from joint ventures, partnerships and other 330 321
Inventories 510 491
Income tax receivable 20 150
Prepaid expenses and other 127 157
---------- ----------
TOTAL CURRENT ASSETS 2,474 1,873
---------- ----------
LONG-TERM RECEIVABLES, NET 264 275
---------- ----------
INVESTMENTS IN UNCONSOLIDATED ENTITIES 1,155 1,056
---------- ----------
PROPERTY, PLANT AND EQUIPMENT
Oil and gas segment, successful efforts method 16,698 15,440
Chemical segment 4,499 3,689
Corporate and other 275 302
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21,472 19,431
Accumulated depreciation, depletion and amortization (7,467) (6,395)
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14,005 13,036
OTHER ASSETS 270 308
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$ 18,168 $ 16,548
===================================================================================== ========== ==========
The accompanying notes are an integral part of these financial statements.
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CONSOLIDATED BALANCE SHEETS Occidental Petroleum Corporation
In millions, except share amounts and Subsidiaries
Liabilities and Equity at December 31, 2003 2002
===================================================================================== ========== ==========
CURRENT LIABILITIES
Current maturities of long-term debt and capital lease liabilities $ 23 $ 206
Accounts payable 909 785
Accrued liabilities 877 914
Dividends payable 101 193
Domestic and foreign income taxes 163 137
Trust preferred securities 453 --
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TOTAL CURRENT LIABILITIES 2,526 2,235
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LONG-TERM DEBT, NET OF CURRENT MATURITIES AND UNAMORTIZED DISCOUNT 3,993 3,997
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TRUST PREFERRED SECURITIES -- 455
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DEFERRED CREDITS AND OTHER LIABILITIES
Deferred and other domestic and foreign income taxes 1,001 982
Other 2,407 2,228
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3,408 3,210
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CONTINGENT LIABILITIES AND COMMITMENTS