Apache Corporation Financial Statements (2024 and earlier)

Company Profile

Business Address 2000 POST OAK BLVD
HOUSTON, TX 77056-4400
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments185,000279,000262,000247,000714,0001,668,000
Cash and cash equivalents185,000279,000262,000247,000714,0001,668,000
Receivables1,424,0001,467,000908,0001,062,0001,194,0001,345,000
Inventory, net of allowances, customer advances and progress billings425,000438,000492,000502,000401,000368,000
Inventory425,000438,000492,000502,000401,000368,000
Other current assets993,000649,000676,000652,000  
Other undisclosed current assets(425,000)(438,000)(492,000)(502,000)378,000344,000
Total current assets:2,602,0002,395,0001,846,0001,961,0002,687,0003,725,000
Noncurrent Assets
Property, plant and equipment   1,140,00014,158,000  
Oil and gas property, successful effort method41,245,00040,474,00041,819,000   
Oil and gas property, full cost method     18,421,00017,759,000
Long-term investments and receivables2,908,0001,365,0001,555,0001,258,000  
Due from related parties2,284,000     
Long-term investments624,0001,365,0001,555,0001,258,000  
Intangible assets, net (including goodwill)    87,000  
Goodwill    87,000  
Other undisclosed noncurrent assets(32,500,000)(29,841,000)(33,614,000)643,000474,000438,000
Total noncurrent assets:11,653,00011,998,00010,900,00016,146,00018,895,00018,197,000
TOTAL ASSETS:14,255,00014,393,00012,746,00018,107,00021,582,00021,922,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities646,000651,000444,000695,000709,000641,000
Accounts payable646,000651,000444,000695,000709,000641,000
Debt2,000215,0002,00011,000150,000550,000
Due to related parties 195,000    
Other liabilities2,049,0001,170,000862,0001,149,0001,342,0001,373,000
Total current liabilities:2,697,0002,231,0001,308,0001,855,0002,201,0002,564,000
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,885,0007,295,0008,915,0008,555,0008,054,0007,934,000
Long-term debt, excluding current maturities 4,885,0007,295,0008,770,0008,555,0008,054,0007,934,000
Finance lease, liability 32,00034,000  
Other undisclosed long-term debt and lease obligation(32,000)(184,000)    
Liabilities, other than long-term debt, including:3,431,0003,895,0002,705,0002,677,0002,515,0002,633,000
Asset retirement obligations1,936,0002,089,0001,888,0001,811,0001,866,0001,792,000
Deferred tax liabilities, net 545,000
Deferred income tax liabilities314,000148,000215,000346,000
Other liabilities443,000572,000602,000520,000258,000296,000
Operating lease, liability 132,000150,000145,000 
Other undisclosed liabilities, other than long-term debt606,0001,086,000  391,000 
Other undisclosed noncurrent liabilities   (145,000)   
Total noncurrent liabilities:8,316,00011,190,00011,475,00011,232,00010,569,00010,567,000
Total liabilities:11,013,00013,421,00012,783,00013,087,00012,770,00013,131,000
Temporary equity, carrying amount  712,000608,000555,000  
Equity
Equity, attributable to parent2,258,000(618,000)(1,639,000)3,255,0007,130,0007,416,000
Common stock   262,000261,000260,000259,000
Treasury stock, value   (3,189,000)(3,190,000)(3,192,000)(2,887,000)
Additional paid in capital8,025,0008,677,00011,735,00011,769,00012,106,00012,128,000
Accumulated other comprehensive income14,00022,00014,00016,0004,0004,000
Accumulated deficit(5,781,000)(9,317,000)(10,461,000)(5,601,000)(2,048,000)(2,088,000)
Equity, attributable to noncontrolling interest      1,375,000
Other undisclosed equity984,000878,000994,0001,210,0001,682,000 
Total equity:3,242,000260,000(645,000)4,465,0008,812,0008,791,000
TOTAL LIABILITIES AND EQUITY:14,255,00014,393,00012,746,00018,107,00021,582,00021,922,000

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues   4,308,0006,411,0007,424,0001,000
Revenue, net1,000
Cost of revenue(801,000)(851,000)(611,000)(918,000)(937,000)(4,956,000)
Cost of goods and services sold   (306,000)(348,000)(254,000)
Gross profit:(801,000)(851,000)3,697,0005,493,0006,487,000(4,955,000)
Operating expenses(5,263,000)(5,097,000)(8,537,000)(8,501,000)(5,529,000)(549,000)
Other undisclosed operating income11,684,0008,836,000738,000822,000861,0006,694,000
Operating income (loss):5,620,0002,888,000(4,102,000)(2,186,000)1,819,0001,190,000
Nonoperating income (expense)41,000330,000(152,000)66,00075,000(91,000)
Investment income, nonoperating(98,000)102,000(216,000)13,0005,000(135,000)
Other nonoperating income139,000228,00064,00053,00070,00044,000
Interest and debt expense(379,000)(523,000)(286,000)(512,000)(544,000)(397,000)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (715,000)(300,000)(376,000)(392,000)216,000
Income (loss) from continuing operations before equity method investments, income taxes:5,282,0001,980,000(4,840,000)(3,008,000)958,000918,000
Income from equity method investments  114,000    
Other undisclosed income (loss) from continuing operations before income taxes592,000(114,000)    
Income (loss) from continuing operations before income taxes:5,874,0001,980,000(4,840,000)(3,008,000)958,000918,000
Income tax expense (benefit)(1,652,000)(578,000)(64,000)(674,000)(672,000)585,000
Income (loss) from continuing operations:4,222,0001,402,000(4,904,000)(3,682,000)286,0001,503,000
Income (loss) before gain (loss) on sale of properties:1,402,000(4,904,000)(3,682,000)286,0001,503,000
Net income (loss):4,222,0001,402,000(4,904,000)(3,682,000)286,0001,503,000
Net income (loss) attributable to noncontrolling interest 70,000(162,000)   (199,000)
Other undisclosed net loss attributable to parent(756,000)(178,000)    
Net income (loss) attributable to parent:3,536,0001,062,000(4,904,000)(3,682,000)286,0001,304,000
Other undisclosed net income (loss) available to common stockholders, basic   44,000129,000(246,000) 
Net income (loss) available to common stockholders, diluted:3,536,0001,062,000(4,860,000)(3,553,000)40,0001,304,000

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):4,222,0001,402,000(4,904,000)(3,682,000)286,0001,503,000
Other comprehensive income (loss)   (2,000)12,000 116,000
Other undisclosed comprehensive income (loss)(8,000)8,000    
Comprehensive income (loss):4,214,0001,410,000(4,906,000)(3,670,000)286,0001,619,000
Comprehensive loss, net of tax, attributable to noncontrolling interest      (199,000)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(686,000)(340,000)44,000129,000(246,000) 
Comprehensive income (loss), net of tax, attributable to parent:3,528,0001,070,000(4,862,000)(3,541,000)40,0001,420,000

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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