XOM » Topics » 13. Long-Term Debt

This excerpt taken from the XOM 10-K filed Feb 26, 2010.

13. Long-Term Debt

At December 31, 2009, long-term debt consisted of $6,865 million due in U.S. dollars and $264 million representing the U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies. These amounts exclude that portion of long-term debt, totaling $348 million, which matures within one year and is included in current liabilities. The amounts of long-term debt maturing, together with sinking fund payments required, in each of the four years after December 31, 2010, in millions of dollars, are: 2011 – $344, 2012 – $2,725, 2013 – $160 and 2014 – $302. At December 31, 2009, the Corporation’s unused long-term credit lines were not material.

Summarized long-term debt at year-end 2009 and 2008 are shown in the table below:

 

     2009

   2008

     (millions of dollars)

SeaRiver Maritime Financial Holdings, Inc. (1)

             

Guaranteed debt securities due 2010-2011 (2)

   $ 13    $ 26

Guaranteed deferred interest debentures due 2012

             

– Face value net of unamortized discount plus accrued interest

     2,144      1,925

Mobil Services (Bahamas) Ltd.

             

Variable notes due 2035 (3)

     972      972

Variable notes due 2034 (4)

     311      311

Mobil Producing Nigeria Unlimited (5)

             

Variable notes due 2010-2016

     621      597

Esso (Thailand) Public Company Ltd. (6)

             

Variable note due 2010-2012

     165      236

Mobil Corporation

             

8.625% debentures due 2021

     248      248

Industrial revenue bonds due 2012-2039 (7)

     1,685      1,690

Other U.S. dollar obligations (8)

     536      546

Other foreign currency obligations

     66      94

Capitalized lease obligations (9)

     368      380
    

  

Total long-term debt

   $ 7,129    $ 7,025
    

  

 

(1) Additional information is provided for this subsidiary on the following pages.
(2) Average effective interest rate of 1.6% in 2009 and 3.1% in 2008.
(3) Average effective interest rate of 0.3% in 2009 and 2.9% in 2008.
(4) Average effective interest rate of 0.9% in 2009 and 3.6% in 2008.
(5) Average effective interest rate of 5.4% in 2009 and 7.4% in 2008.
(6) Average effective interest rate of 2.2% in 2009 and 4.3% in 2008.
(7) Average effective interest rate of 0.2% in 2009 and 2.0% in 2008.
(8) Average effective interest rate of 5.0% in 2009 and 5.7% in 2008.
(9) Average imputed interest rate of 8.8% in 2009 and 8.7% in 2008.

 

75


Table of Contents
Index to Financial Statements

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

This excerpt taken from the XOM DEF 14A filed Apr 13, 2009.

13. Long-Term Debt

At December 31, 2008, long-term debt consisted of $6,662 million due in U.S. dollars and $363 million representing the U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies. These amounts exclude that portion of long-term debt, totaling $368 million, which matures within one year and is included in current liabilities. The amounts of long-term debt maturing, together with sinking fund payments required, in each of the four years after December 31, 2009, in millions of dollars, are: 2010 – $306, 2011 – $301, 2012 – $2,433 and 2013 – $135. At December 31, 2008, the Corporation’s unused long-term credit lines were not material.

Summarized long-term debt at year-end 2008 and 2007 are shown in the table below:

 

     2008

   2007

   (millions of dollars)

SeaRiver Maritime Financial Holdings, Inc. (1)

             

Guaranteed debt securities due 2009-2011 (2)

   $ 26    $ 39

Guaranteed deferred interest debentures due 2012

             

– Face value net of unamortized discount plus accrued interest

     1,925      1,727

Mobil Services (Bahamas) Ltd.

             

Variable notes due 2035 (3)

     972      972

Variable notes due 2034 (4)

     311      311

Mobil Producing Nigeria Unlimited (5)

             

Variable notes due 2009-2016

     597      708

Esso (Thailand) Public Company Ltd. (6)

             

Variable note due 2009-2012

     236      326

Mobil Corporation

             

8.625% debentures due 2021

     248      248

Industrial revenue bonds due 2012-2039 (7)

     1,690      1,694

Other U.S. dollar obligations (8)

     546      629

Other foreign currency obligations

     94      120

Capitalized lease obligations (9)

     380      409
    

  

Total long-term debt

   $ 7,025    $ 7,183
    

  


(1) Additional information is provided for this subsidiary on the following pages.
(2) Average effective interest rate of 3.1% in 2008 and 5.3% in 2007.
(3) Average effective interest rate of 2.9% in 2008 and 5.3% in 2007.
(4) Average effective interest rate of 3.6% in 2008 and 5.4% in 2007.
(5) Average effective interest rate of 7.4% in 2008 and 8.8% in 2007.
(6) Average effective interest rate of 4.3% in 2008 and 4.5% in 2007.
(7) Average effective interest rate of 2.0% in 2008 and 3.9% in 2007.
(8) Average effective interest rate of 5.7% in 2008 and 6.6% in 2007.
(9) Average imputed interest rate of 8.7% in 2008 and 7.3% in 2007.

 

A36


Table of Contents
Index to Financial Statements
These excerpts taken from the XOM 10-K filed Feb 27, 2009.

13. Long-Term Debt

At December 31, 2008, long-term debt consisted of $6,662 million due in U.S. dollars and $363 million representing the U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies. These amounts exclude that portion of long-term debt, totaling $368 million, which matures within one year and is included in current liabilities. The amounts of long-term debt maturing, together with sinking fund payments required, in each of the four years after December 31, 2009, in millions of dollars, are: 2010 – $306, 2011 – $301, 2012 – $2,433 and 2013 – $135. At December 31, 2008, the Corporation’s unused long-term credit lines were not material.

Summarized long-term debt at year-end 2008 and 2007 are shown in the table below:

 

     2008

   2007

   (millions of dollars)

SeaRiver Maritime Financial Holdings, Inc. (1)

             

Guaranteed debt securities due 2009-2011 (2)

   $ 26    $ 39

Guaranteed deferred interest debentures due 2012

             

– Face value net of unamortized discount plus accrued interest

     1,925      1,727

Mobil Services (Bahamas) Ltd.

             

Variable notes due 2035 (3)

     972      972

Variable notes due 2034 (4)

     311      311

Mobil Producing Nigeria Unlimited (5)

             

Variable notes due 2009-2016

     597      708

Esso (Thailand) Public Company Ltd. (6)

             

Variable note due 2009-2012

     236      326

Mobil Corporation

             

8.625% debentures due 2021

     248      248

Industrial revenue bonds due 2012-2039 (7)

     1,690      1,694

Other U.S. dollar obligations (8)

     546      629

Other foreign currency obligations

     94      120

Capitalized lease obligations (9)

     380      409
    

  

Total long-term debt

   $ 7,025    $ 7,183
    

  


(1) Additional information is provided for this subsidiary on the following pages.
(2) Average effective interest rate of 3.1% in 2008 and 5.3% in 2007.
(3) Average effective interest rate of 2.9% in 2008 and 5.3% in 2007.
(4) Average effective interest rate of 3.6% in 2008 and 5.4% in 2007.
(5) Average effective interest rate of 7.4% in 2008 and 8.8% in 2007.
(6) Average effective interest rate of 4.3% in 2008 and 4.5% in 2007.
(7) Average effective interest rate of 2.0% in 2008 and 3.9% in 2007.
(8) Average effective interest rate of 5.7% in 2008 and 6.6% in 2007.
(9) Average imputed interest rate of 8.7% in 2008 and 7.3% in 2007.

 

70


Table of Contents
Index to Financial Statements

13. Long-Term Debt

STYLE="margin-top:6px;margin-bottom:0px">At December 31, 2008, long-term debt consisted of $6,662 million due in U.S. dollars and $363 million representing the U.S. dollar equivalent at year-end exchange
rates of amounts payable in foreign currencies. These amounts exclude that portion of long-term debt, totaling $368 million, which matures within one year and is included in current liabilities. The amounts of long-term debt maturing, together with
sinking fund payments required, in each of the four years after December 31, 2009, in millions of dollars, are: 2010 – $306, 2011 – $301, 2012 – $2,433 and 2013 – $135. At December 31, 2008, the Corporation’s
unused long-term credit lines were not material.

Summarized long-term debt at year-end 2008 and 2007 are shown in the table below:

 









































































































































































































   2008

  2007

  (millions of dollars)

SeaRiver Maritime Financial Holdings, Inc. (1)

        

Guaranteed debt securities due 2009-2011 (2)

  $26  $39

Guaranteed deferred interest debentures due 2012

        

– Face value net of unamortized discount plus accrued interest

   1,925   1,727

Mobil Services (Bahamas) Ltd.

        

Variable notes due 2035 (3)

   972   972

Variable notes due 2034 (4)

   311   311

Mobil Producing Nigeria Unlimited (5)

        

Variable notes due 2009-2016

   597   708

Esso (Thailand) Public Company Ltd. (6)

        

Variable note due 2009-2012

   236   326

Mobil Corporation

        

8.625% debentures due 2021

   248   248

Industrial revenue bonds due 2012-2039 (7)

   1,690   1,694

Other U.S. dollar obligations (8)

   546   629

Other foreign currency obligations

   94   120

Capitalized lease obligations (9)

   380   409
   

  

Total long-term debt

  $7,025  $7,183
   

  






(1)Additional information is provided for this subsidiary on the following pages.




(2)Average effective interest rate of 3.1% in 2008 and 5.3% in 2007.




(3)Average effective interest rate of 2.9% in 2008 and 5.3% in 2007.




(4)Average effective interest rate of 3.6% in 2008 and 5.4% in 2007.




(5)Average effective interest rate of 7.4% in 2008 and 8.8% in 2007.




(6)Average effective interest rate of 4.3% in 2008 and 4.5% in 2007.




(7)Average effective interest rate of 2.0% in 2008 and 3.9% in 2007.




(8)Average effective interest rate of 5.7% in 2008 and 6.6% in 2007.




(9)Average imputed interest rate of 8.7% in 2008 and 7.3% in 2007.

 


70







Table of Contents


Index to Financial Statements


This excerpt taken from the XOM DEF 14A filed Apr 10, 2008.

13. Long-Term Debt

At December 31, 2007, long-term debt consisted of $6,689 million due in U.S. dollars and $494 million representing the U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies. These amounts exclude that portion of long-term debt, totaling $318 million, which matures within one year and is included in current liabilities. The amounts of long-term debt maturing, together with sinking fund payments required, in each of the four years after December 31, 2008, in millions of dollars, are: 2009 – $255, 2010 – $203, 2011 – $206 and 2012 – $2,246. At December 31, 2007, the Corporation’s unused long-term credit lines were not material.

Summarized long-term borrowings at year-end 2007 and 2006 were as shown in the table below:

 

     2007    2006
     (millions of dollars)

Exxon Capital Corporation

     

6.125% Guaranteed notes due 2008

   $ —      $ 160

SeaRiver Maritime Financial Holdings, Inc. (1)

     

Guaranteed debt securities due 2008-2011 (2)

     39      52

Guaranteed deferred interest debentures due 2012

     

– Face value net of unamortized discount plus accrued interest

     1,727      1,550

Mobil Services (Bahamas) Ltd.

     

Variable notes due 2035 (3)

     972      972

Variable notes due 2034 (4)

     311      311

Mobil Producing Nigeria Unlimited (5)

     

Variable notes due 2012-2016

     708      489

Esso (Thailand) Public Company Ltd. (6)

     

Variable note due 2009-2012

     326      —  

Mobil Corporation

     

8.625% debentures due 2021

     248      248

Industrial revenue bonds due 2012-2039 (7)

     1,694      1,697

Other U.S. dollar obligations (8)

     629      786

Other foreign currency obligations

     120      160

Capitalized lease obligations (9)

     409      220
             

Total long-term debt

   $ 7,183    $ 6,645
             

 

(1) Additional information is provided for this subsidiary on the following pages.
(2) Average effective interest rate of 5.3% in 2007 and 5.1% in 2006.
(3) Average effective interest rate of 5.3% in 2007 and 5.1% in 2006.
(4) Average effective interest rate of 5.4% in 2007 and 5.1% in 2006.
(5) Average effective interest rate of 8.8% in 2007 and 8.6% in 2006.
(6) Average effective interest rate of 4.5% in 2007.
(7) Average effective interest rate of 3.9% in 2007 and 3.7% in 2006.
(8) Average effective interest rate of 6.6% in 2007 and 6.6% in 2006.
(9) Average imputed interest rate of 7.3% in 2007 and 7.6% in 2006.

 

A37


Table of Contents
Index to Financial Statements

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

This excerpt taken from the XOM 10-K filed Feb 28, 2008.

13. Long-Term Debt

At December 31, 2007, long-term debt consisted of $6,689 million due in U.S. dollars and $494 million representing the U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies. These amounts exclude that portion of long-term debt, totaling $318 million, which matures within one year and is included in current liabilities. The amounts of long-term debt maturing, together with sinking fund payments required, in each of the four years after December 31, 2008, in millions of dollars, are: 2009 – $255, 2010 – $203, 2011 – $206 and 2012 – $2,246. At December 31, 2007, the Corporation’s unused long-term credit lines were not material.

Summarized long-term borrowings at year-end 2007 and 2006 were as shown in the table below:

 

     2007

   2006

     (millions of dollars)

Exxon Capital Corporation

             

6.125% Guaranteed notes due 2008

   $ —      $ 160

SeaRiver Maritime Financial Holdings, Inc. (1)

             

Guaranteed debt securities due 2008-2011 (2)

     39      52

Guaranteed deferred interest debentures due 2012

             

– Face value net of unamortized discount plus accrued interest

     1,727      1,550

Mobil Services (Bahamas) Ltd.

             

Variable notes due 2035 (3)

     972      972

Variable notes due 2034 (4)

     311      311

Mobil Producing Nigeria Unlimited (5)

             

Variable notes due 2012-2016

     708      489

Esso (Thailand) Public Company Ltd. (6)

             

Variable note due 2009-2012

     326      —  

Mobil Corporation

             

8.625% debentures due 2021

     248      248

Industrial revenue bonds due 2012-2039 (7)

     1,694      1,697

Other U.S. dollar obligations (8)

     629      786

Other foreign currency obligations

     120      160

Capitalized lease obligations (9)

     409      220
    

  

Total long-term debt

   $ 7,183    $ 6,645
    

  


(1) Additional information is provided for this subsidiary on the following pages.
(2) Average effective interest rate of 5.3% in 2007 and 5.1% in 2006.
(3) Average effective interest rate of 5.3% in 2007 and 5.1% in 2006.
(4) Average effective interest rate of 5.4% in 2007 and 5.1% in 2006.
(5) Average effective interest rate of 8.8% in 2007 and 8.6% in 2006.
(6) Average effective interest rate of 4.5% in 2007.
(7) Average effective interest rate of 3.9% in 2007 and 3.7% in 2006.
(8) Average effective interest rate of 6.6% in 2007 and 6.6% in 2006.
(9) Average imputed interest rate of 7.3% in 2007 and 7.6% in 2006.

 

63


Table of Contents
Index to Financial Statements

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki