CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	[1]
Current assets
Cash and cash equivalents	$ 306,760	$ 359,923
Accounts receivable, less allowance for doubtful accounts of $1,605 in 2019 and 2018	426,684	231,686
Inventories	76,123	80,024
Prepaid expenses	40,896	34,316
Assets held for sale	123,864	173,865
Total current assets	974,327	879,814
Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $9,333,646 in 2019 and $8,070,487 in 2018	9,969,743	8,432,133
Operating lease assets	598,293	0
Deferred income taxes	129,287	146,197
Deferred charges and other assets	46,854	49,435
Non-current assets held for sale	0	1,545,008
Total assets	11,718,504	11,052,587
Current liabilities
Current maturities of long-term debt	0	668
Accounts payable	602,096	348,026
Income taxes payable	19,049	15,309
Other taxes payable	18,613	17,649
Operating lease liabilities	92,286	0
Other accrued liabilities	197,447	177,948
Liabilities associated with assets held for sale	13,298	286,458
Total current liabilities	942,789	846,058
Long-term debt, including capital lease obligation	2,803,381	3,109,318
Asset retirement obligations	825,794	752,519
Deferred credits and other liabilities	613,407	624,436
Non-current operating lease liabilities	521,324	0
Deferred income taxes	207,198	129,894
Non-current liabilities associated with assets held for sale	0	392,720
Total current liabilities associated with assets held for sale	5,913,893	5,854,945
Equity
Cumulative Preferred Stock, par $100, authorized 400,000 shares, none issued	0	0
Common Stock, par $1.00, authorized 450,000,000 shares, issued 195,089,269 shares in 2019 and 195,076,924 shares in 2018	195,089	195,077
Capital in excess of par value	949,445	979,642
Retained earnings	6,614,304	5,513,529
Accumulated other comprehensive loss	(574,161)	(609,787)
Treasury stock	(1,717,217)	(1,249,162)
Murphy Shareholders' Equity	5,467,460	4,829,299
Noncontrolling interest	337,151	368,343
Total equity	5,804,611	5,197,642
Total liabilities and equity	$ 11,718,504	$ 11,052,587

[1] Reclassified to conform with current presentation (see Note E)