CONSOLIDATED BALANCE SHEET Amerada Hess Corporation and Consolidated Subsidiaries At December 31 Millions of dollars; thousands of shares 2003 2002 ASSETS CURRENT ASSETS Cash and cash equivalents $ 518 $ 197 Accounts receivable Trade 1,717 1,785 Other 185 187 Inventories 579 492 Other current assets 187 95 Total current assets 3,186 2,756 INVESTMENTS AND ADVANCES HOVENSA L.L.C. 960 842 Other 135 780 Total investments and advances 1,095 1,622 PROPERTY, PLANT AND EQUIPMENT Exploration and production 14,614 14,699 Refining and marketing 1,486 1,450 Total—at cost 16,100 16,149 Less reserves for depreciation, depletion, amortization and  lease impairment 8,122 9,117 Property, plant and equipment—net 7,978 7,032 NOTES RECEIVABLE 302 363 GOODWILL 977 977 DEFERRED INCOME TAXES AND OTHER ASSETS 445 512 TOTAL ASSETS $13,983 $13,262 34