Marathon Petroleum Corp
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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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.
Jun 30, 2024 · Filed Aug 6, 2024
MPC$389.88+4.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets (Unaudited)
| (Millions of dollars, except share data) | June 30,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $4,441 | $5,443 |
| Short-term investments | 4,058 | 4,781 |
| Receivables, less allowance for doubtful accounts of $50 and $44, respectively | 12,307 | 12,187 |
| Inventories | 9,800 | 9,317 |
| Other current assets | 741 | 403 |
| Total current assets | 31,347 | 32,131 |
| Equity method investments | 6,821 | 6,260 |
| Property, plant and equipment, net | 34,686 | 35,112 |
| Goodwill | 8,244 | 8,244 |
| Right of use assets | 1,187 | 1,233 |
| Other noncurrent assets | 2,944 | 3,007 |
| Total assets | $85,229 | $85,987 |
| Liabilities | ||
| Accounts payable | $14,865 | $13,761 |
| Payroll and benefits payable | 766 | 1,115 |
| Accrued taxes | 1,680 | 1,221 |
| Debt due within one year | 4,903 | 1,954 |
| Operating lease liabilities | 463 | 454 |
| Other current liabilities | 1,323 | 1,645 |
| Total current liabilities | 24,000 | 20,150 |
| Long-term debt | 24,034 | 25,329 |
| Deferred income taxes | 5,810 | 5,834 |
| Defined benefit postretirement plan obligations | 1,228 | 1,102 |
| Long-term operating lease liabilities | 711 | 764 |
| Deferred credits and other liabilities | 1,358 | 1,409 |
| Total liabilities | 57,141 | 54,588 |
| Commitments and contingencies (see Note 23) | ||
| Redeemable noncontrolling interest | 202 | 895 |
| Equity | ||
| Preferred stock, no shares issued and outstanding (par value $0.01 per share, 30 million shares authorized) | — | — |
| Common stock: | ||
| Issued – 994 million and 993 million shares (par value $0.01 per share, 2 billion shares authorized) | 10 | 10 |
| Held in treasury, at cost – 653 million and 625 million shares | (48,592) | (43,502) |
| Additional paid-in capital | 33,635 | 33,465 |
| Retained earnings | 36,423 | 34,562 |
| Accumulated other comprehensive loss | (152) | (131) |
| Total MPC stockholders’ equity | 21,324 | 24,404 |
| Noncontrolling interests | 6,562 | 6,100 |
| Total equity | 27,886 | 30,504 |
| Total liabilities, redeemable noncontrolling interest and equity | $85,229 | $85,987 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.