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 millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments84185279262247714
Cash and cash equivalents84185279262247714
Receivables(114)1,4241,4679081,0621,194
Inventory, net of allowances, customer advances and progress billings439425438492502401
Inventory439425438492502401
Other current assets725993649676652 
Other undisclosed current assets1,286(425)(438)(492)(502)378
Total current assets:2,4202,6022,3951,8461,9612,687
Noncurrent Assets
Property, plant and equipment    1,14014,158 
Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment43,34941,24540,47441,819  
Oil and gas, full cost method, property and equipment, after accumulated depletion      18,421
Long-term investments and receivables 4372,9081,3651,5551,258 
Due from related parties2,284    
Long-term investments 4376241,3651,5551,258 
Intangible assets, net (including goodwill)     87 
Goodwill     87 
Deferred income tax assets1,747    
Other undisclosed noncurrent assets(31,009)(32,500)(29,841)(33,614)643474
Total noncurrent assets:14,52411,65311,99810,90016,14618,895
TOTAL ASSETS:16,94414,25514,39312,74618,10721,582
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities560646651444695709
Accounts payable560646651444695709
Debt22215211150
Other liabilities1,6692,0491,1708621,1491,342
Due to related parties 195   
Total current liabilities:2,2312,6972,2311,3081,8552,201
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,8144,8857,2958,9158,5558,054
Long-term debt, excluding current maturities  4,8857,2958,7708,5558,054
Finance lease, liability 303234  
Other undisclosed long-term debt and lease obligation4,784(32)(184)   
Liabilities, other than long-term debt, including:3,9553,4313,8952,7052,6772,515
Asset retirement obligations2,3541,9362,0891,8881,8111,866
Deferred income tax liabilities371314148215346
Other liabilities466443572602520258
Operating lease, liability 165132150145 
Other undisclosed liabilities, other than long-term debt5996061,086  391
Other undisclosed noncurrent liabilities    (145)  
Total noncurrent liabilities:8,7698,31611,19011,47511,23210,569
Total liabilities:11,00011,01313,42112,78313,08712,770
Temporary equity, carrying amount   712608555 
Equity
Equity, attributable to parent4,7322,258(618)(1,639)3,2557,130
Common stock    262261260
Treasury stock, value    (3,189)(3,190)(3,192)
Additional paid in capital7,9728,0258,67711,73511,76912,106
Accumulated other comprehensive income15142214164
Accumulated deficit(3,255)(5,781)(9,317)(10,461)(5,601)(2,048)
Other undisclosed equity1,2129848789941,2101,682
Total equity:5,9443,242260(645)4,4658,812
TOTAL LIABILITIES AND EQUITY:16,94414,25514,39312,74618,10721,582

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues    4,3086,4117,424
Cost of revenue(505)(801)(851)(611)(918)(937)
Cost of goods and services sold(50)   (306)(348)
Gross profit:(505)(801)(851)3,6975,4936,487
Operating expenses(4,374)(5,263)(5,097)(8,537)(8,501)(5,529)
Other undisclosed operating income8,47811,6848,836738822861
Operating income (loss):3,5995,6202,888(4,102)(2,186)1,819
Nonoperating income (expense)3641330(152)6675
Investment income, nonoperating10(98)102(216)135
Other nonoperating income26139228645370
Interest and debt expense(282)(379)(523)(286)(512)(544)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (715)(300)(376)(392)
Income (loss) from continuing operations before equity method investments, income taxes:3,3535,2821,980(4,840)(3,008)958
Income from equity method investments   114   
Other undisclosed income (loss) from continuing operations before income taxes(437)592(114)   
Income (loss) from continuing operations before income taxes:2,9165,8741,980(4,840)(3,008)958
Income tax expense (benefit)314(1,652)(578)(64)(674)(672)
Income (loss) from continuing operations:3,2304,2221,402(4,904)(3,682)286
Income (loss) before gain (loss) on sale of properties:1,402(4,904)(3,682)286
Net income (loss):3,2304,2221,402(4,904)(3,682)286
Net income (loss) attributable to noncontrolling interest  70(162)   
Other undisclosed net loss attributable to parent(704)(756)(178)   
Net income (loss) attributable to parent:2,5263,5361,062(4,904)(3,682)286
Other undisclosed net income (loss) available to common stockholders, basic    44129(246)
Net income (loss) available to common stockholders, diluted:2,5263,5361,062(4,860)(3,553)40

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):3,2304,2221,402(4,904)(3,682)286
Other comprehensive income (loss)    (2)12 
Other undisclosed comprehensive income (loss)1(8)8   
Comprehensive income (loss):3,2314,2141,410(4,906)(3,670)286
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(704)(686)(340)44129(246)
Comprehensive income (loss), net of tax, attributable to parent:2,5273,5281,070(4,862)(3,541)40

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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