Apache Corporation Financial Statements (2023 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 millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 279 | 262 | 247 | 714 | 1,668 | 1,377 | 1,467 | ||
| Cash and cash equivalents | 279 | 262 | 247 | 714 | 1,668 | 1,377 | 1,467 | ||
| Receivables | 1,467 | 908 | 1,062 | 1,194 | 1,345 | 1,128 | 1,253 | ||
| Inventory, net of allowances, customer advances and progress billings | 438 | 492 | 502 | 401 | 368 | 476 | 570 | ||
| Inventory | 438 | 492 | 502 | 401 | 368 | 476 | 570 | ||
| Other current assets | 649 | 676 | 652 | ||||||
| Other undisclosed current assets | (438) | (492) | (502) | 378 | 344 | 260 | 462 | ||
| Total current assets: | 2,395 | 1,846 | 1,961 | 2,687 | 3,725 | 3,241 | 3,752 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,140 | 14,158 | |||||||
| Oil and gas property, successful effort method | 40,474 | 41,819 | |||||||
| Oil and gas property, full cost method | 18,421 | 17,759 | 18,867 | 14,119 | |||||
| Long-term investments and receivables | 1,365 | 1,555 | 1,258 | ||||||
| Long-term investments | 1,365 | 1,555 | 1,258 | ||||||
| Intangible assets, net (including goodwill) | 87 | ||||||||
| Goodwill | 87 | ||||||||
| Other undisclosed noncurrent assets | (29,841) | (33,614) | 643 | 474 | 438 | 411 | 971 | ||
| Total noncurrent assets: | 11,998 | 10,900 | 16,146 | 18,895 | 18,197 | 19,278 | 15,090 | ||
| TOTAL ASSETS: | 14,393 | 12,746 | 18,107 | 21,582 | 21,922 | 22,519 | 18,842 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 651 | 444 | 695 | 709 | 641 | 585 | 618 | ||
| Accounts payable | 651 | 444 | 695 | 709 | 641 | 585 | 618 | ||
| Debt | 215 | 2 | 11 | 150 | 550 | ||||
| Due to related parties | 195 | ||||||||
| Other liabilities | 1,170 | 862 | 1,149 | 1,342 | 1,373 | 1,258 | 1,223 | ||
| Total current liabilities: | 2,231 | 1,308 | 1,855 | 2,201 | 2,564 | 1,843 | 1,841 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 7,295 | 8,915 | 8,555 | 8,054 | 7,934 | 8,544 | 8,777 | ||
| Long-term debt, excluding current maturities | 7,295 | 8,770 | 8,555 | 8,054 | 7,934 | 8,544 | 8,777 | ||
| Finance lease, liability | 34 | ✕ | ✕ | ✕ | ✕ | ||||
| Operating lease, liability | 150 | 145 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | (184) | ||||||||
| Liabilities, other than long-term debt, including: | 3,895 | 2,705 | 2,677 | 2,515 | 2,633 | 4,453 | 3,996 | ||
| Asset retirement obligations | 2,089 | 1,888 | 1,811 | 1,866 | 1,792 | 2,432 | 2,562 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 545 | 1,710 | 1,072 | |||
| Deferred income tax liabilities | 148 | 215 | 346 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 572 | 602 | 520 | 258 | 296 | 311 | 362 | ||
| Other undisclosed liabilities, other than long-term debt | 1,086 | 391 | |||||||
| Other undisclosed noncurrent liabilities | (145) | ||||||||
| Total noncurrent liabilities: | 11,190 | 11,475 | 11,232 | 10,569 | 10,567 | 12,997 | 12,773 | ||
| Total liabilities: | 13,421 | 12,783 | 13,087 | 12,770 | 13,131 | 14,840 | 14,614 | ||
| Temporary equity, carrying amount | 712 | 608 | 555 | ||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (618) | (1,639) | 3,255 | 7,130 | 7,416 | 6,238 | 2,566 | ||
| Common stock | 262 | 261 | 260 | 259 | 258 | 257 | |||
| Treasury stock, value | (3,189) | (3,190) | (3,192) | (2,887) | (2,887) | (2,889) | |||
| Additional paid in capital | 8,677 | 11,735 | 11,769 | 12,106 | 12,128 | 12,364 | 12,467 | ||
| Accumulated other comprehensive income (loss) | 22 | 14 | 16 | 4 | 4 | (112) | (116) | ||
| Accumulated deficit | (9,317) | (10,461) | (5,601) | (2,048) | (2,088) | (3,385) | (7,153) | ||
| Stockholders' equity attributable to noncontrolling interest | 1,375 | 1,441 | 1,662 | ||||||
| Other undisclosed stockholders' equity | 878 | 994 | 1,210 | 1,682 | |||||
| Total stockholders' equity: | 260 | (645) | 4,465 | 8,812 | 8,791 | 7,679 | 4,228 | ||
| TOTAL LIABILITIES AND EQUITY: | 14,393 | 12,746 | 18,107 | 21,582 | 21,922 | 22,519 | 18,842 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,308 | 6,411 | 7,424 | 1 | 10 | 6,366 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1 | 10 | 6,366 | |
| Cost of revenue | (851) | (611) | (918) | (937) | (4,956) | (6,563) | (55) | |
| Cost of goods and services sold | (306) | (348) | (254) | (55) | (55) | |||
| Gross profit: | (851) | 3,697 | 5,493 | 6,487 | (4,955) | (6,553) | 6,311 | |
| Operating expenses | (5,097) | (8,537) | (8,501) | (5,529) | (549) | (473) | ||
| Other undisclosed operating income (loss) | 8,836 | 738 | 822 | 861 | 6,694 | 6,223 | (31,792) | |
| Operating income (loss): | 2,888 | (4,102) | (2,186) | 1,819 | 1,190 | (803) | (25,481) | |
| Nonoperating income (expense) | 330 | (152) | 66 | 75 | (91) | (26) | (17) | |
| Investment income, nonoperating | 102 | (216) | 13 | 5 | (135) | 8 | ||
| Other nonoperating income (expense) | 228 | 64 | 53 | 70 | 44 | (34) | (17) | |
| Interest and debt expense | (523) | (286) | (512) | (544) | (397) | (882) | (299) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (715) | (300) | (376) | (392) | 216 | 29 | (2,429) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,980 | (4,840) | (3,008) | 958 | 918 | (1,682) | (28,226) | |
| Income from equity method investments | 114 | |||||||
| Other undisclosed loss from continuing operations before income taxes | (114) | |||||||
| Income (loss) from continuing operations before income taxes: | 1,980 | (4,840) | (3,008) | 958 | 918 | (1,682) | (28,226) | |
| Income tax expense (benefit) | (578) | (64) | (674) | (672) | 585 | 442 | 5,469 | |
| Income (loss) from continuing operations: | 1,402 | (4,904) | (3,682) | 286 | 1,503 | (1,240) | (22,757) | |
| Loss from discontinued operations | (33) | (771) | ||||||
| Net income (loss): | 1,402 | (4,904) | (3,682) | 286 | 1,503 | (1,273) | (23,528) | |
| Net income (loss) attributable to noncontrolling interest | (162) | (199) | (132) | 409 | ||||
| Other undisclosed net loss attributable to parent | (178) | |||||||
| Net income (loss) attributable to parent: | 1,062 | (4,904) | (3,682) | 286 | 1,304 | (1,405) | (23,119) | |
| Other undisclosed net income (loss) available to common stockholders, basic | 44 | 129 | (246) | |||||
| Net income (loss) available to common stockholders, diluted: | 1,062 | (4,860) | (3,553) | 40 | 1,304 | (1,405) | (23,119) | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,402 | (4,904) | (3,682) | 286 | 1,503 | (1,273) | (23,528) | |
| Other comprehensive income (loss) | (2) | 12 | 116 | 7 | ||||
| Other undisclosed comprehensive income | 8 | |||||||
| Comprehensive income (loss): | 1,410 | (4,906) | (3,670) | 286 | 1,619 | (1,266) | (23,528) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (199) | (132) | 409 | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (340) | 44 | 129 | (246) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,070 | (4,862) | (3,541) | 40 | 1,420 | (1,398) | (23,119) | |
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.