Marathon Petroleum Corp

For the period ended Mar 31, 2024. Filed Apr 30, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 30, 2024

MPC$389.55-0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets (Unaudited)

(Millions of dollars, except share data)	March 31,2024	December 31,2023
Assets
Cash and cash equivalents	$3,175	$5,443
Short-term investments	4,399	4,781
Receivables, less allowance for doubtful accounts of $50 and $44, respectively	13,171	12,187
Inventories	9,781	9,317
Other current assets	734	403
Total current assets	31,260	32,131
Equity method investments	6,831	6,260
Property, plant and equipment, net	34,963	35,112
Goodwill	8,244	8,244
Right of use assets	1,255	1,233
Other noncurrent assets	2,975	3,007
Total assets	$85,528	$85,987
Liabilities
Accounts payable	$15,471	$13,761
Payroll and benefits payable	1,180	1,115
Accrued taxes	1,243	1,221
Debt due within one year	2,457	1,954
Operating lease liabilities	472	454
Other current liabilities	964	1,645
Total current liabilities	21,787	20,150
Long-term debt	24,832	25,329
Deferred income taxes	5,831	5,834
Defined benefit postretirement plan obligations	1,182	1,102
Long-term operating lease liabilities	770	764
Deferred credits and other liabilities	1,355	1,409
Total liabilities	55,757	54,588
Commitments and contingencies (see Note 23)
Redeemable noncontrolling interest	561	895
Equity
Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized)	—	—
Common stock:
Issued – 993 million and 993 million shares (par value $0.01 per share, 2 billion shares authorized)	10	10
Held in treasury, at cost – 638 million and 625 million shares	(45,674)	(43,502)
Additional paid-in capital	33,530	33,465
Retained earnings	35,199	34,562
Accumulated other comprehensive loss	(143)	(131)
Total MPC stockholders’ equity	22,922	24,404
Noncontrolling interests	6,288	6,100
Total equity	29,210	30,504
Total liabilities, redeemable noncontrolling interest and equity	$85,528	$85,987

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.