APA Corporation (APA) Financial Statements (2024 and earlier)
Company Profile
Business Address |
2000 POST OAK BLVD HOUSTON, TX 77056 |
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) (USD)
12/31/2023 | 12/31/2022 | 12/31/2021 | |||
---|---|---|---|---|---|
ASSETS | |||||
Current Assets | |||||
Cash, cash equivalents, and short-term investments | 245,000,000 | 302,000,000 | |||
Cash and cash equivalents | 245,000,000 | 302,000,000 | |||
Receivables | 1,466,000,000 | 1,394,000,000 | |||
Inventory, net of allowances, customer advances and progress billings | 427,000,000 | 473,000,000 | |||
Inventory | 427,000,000 | 473,000,000 | |||
Other current assets | 997,000,000 | 684,000,000 | |||
Other undisclosed current assets | (427,000,000) | (473,000,000) | |||
Total current assets: | 2,708,000,000 | 2,380,000,000 | |||
Noncurrent Assets | |||||
Oil and gas property, successful effort method | 42,356,000,000 | 40,749,000,000 | |||
Long-term investments and receivables | 624,000,000 | 1,365,000,000 | |||
Long-term investments | 624,000,000 | 1,365,000,000 | |||
Deferred income tax assets | |||||
Other undisclosed noncurrent assets | (32,541,000,000) | (31,191,000,000) | |||
Total noncurrent assets: | 10,439,000,000 | 10,923,000,000 | |||
TOTAL ASSETS: | 13,147,000,000 | 13,303,000,000 | |||
LIABILITIES AND EQUITY | |||||
Liabilities | |||||
Current Liabilities | |||||
Accounts payable and accrued liabilities | 771,000,000 | 731,000,000 | |||
Accounts payable | 771,000,000 | 731,000,000 | |||
Debt | 2,000,000 | 215,000,000 | |||
Other liabilities | 2,143,000,000 | 1,171,000,000 | |||
Total current liabilities: | 2,916,000,000 | 2,117,000,000 | |||
Noncurrent Liabilities | |||||
Long-term debt and lease obligation, including: | 5,451,000,000 | 7,295,000,000 | |||
Finance lease, liability | 32,000,000 | 34,000,000 | |||
Other undisclosed long-term debt and lease obligation | 5,419,000,000 | 7,109,000,000 | |||
Liabilities, other than long-term debt, including: | 3,435,000,000 | 3,896,000,000 | |||
Asset retirement obligations | 1,940,000,000 | 2,089,000,000 | |||
Deferred income tax liabilities | 314,000,000 | 148,000,000 | |||
Other liabilities | 443,000,000 | 573,000,000 | |||
Operating lease, liability | 133,000,000 | 152,000,000 | |||
Other undisclosed liabilities, other than long-term debt | 605,000,000 | 1,086,000,000 | |||
Total noncurrent liabilities: | 8,886,000,000 | 11,191,000,000 | |||
Total liabilities: | 11,802,000,000 | 13,308,000,000 | |||
Temporary equity, carrying amount | 712,000,000 | ||||
Equity | |||||
Equity, attributable to parent | 423,000,000 | (1,595,000,000) | |||
Common stock | 262,000,000 | 262,000,000 | |||
Treasury stock, value | (5,459,000,000) | (4,036,000,000) | |||
Additional paid in capital | 11,420,000,000 | 11,645,000,000 | |||
Accumulated other comprehensive income | 14,000,000 | 22,000,000 | |||
Accumulated deficit | (5,814,000,000) | (9,488,000,000) | |||
Other undisclosed equity | 922,000,000 | 878,000,000 | |||
Total equity: | 1,345,000,000 | (717,000,000) | |||
TOTAL LIABILITIES AND EQUITY: | 13,147,000,000 | 13,303,000,000 |
Income Statement (P&L) (USD)
12/31/2023 | 12/31/2022 | 12/31/2021 | ||
---|---|---|---|---|
Gross profit: | (888,000,000) | (912,000,000) | ||
Operating expenses | (5,510,000,000) | (5,125,000,000) | ||
Other undisclosed operating income | 11,963,000,000 | 8,897,000,000 | ||
Operating income: | 5,565,000,000 | 2,860,000,000 | ||
Nonoperating income | 34,000,000 | 322,000,000 | ||
Investment income, nonoperating | (114,000,000) | 94,000,000 | ||
Other nonoperating income | 148,000,000 | 228,000,000 | ||
Interest and debt expense | (67,000,000) | (104,000,000) | ||
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 202,000,000 | (1,187,000,000) | ||
Income from continuing operations before equity method investments, income taxes: | 5,734,000,000 | 1,891,000,000 | ||
Other undisclosed loss from continuing operations before income taxes | ||||
Income from continuing operations before income taxes: | 5,734,000,000 | 1,891,000,000 | ||
Income tax expense (benefit) | (1,652,000,000) | (578,000,000) | ||
Income from continuing operations: | 4,082,000,000 | 1,313,000,000 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | 1,313,000,000 | |
Net income: | 4,082,000,000 | 1,313,000,000 | ||
Net income (loss) attributable to noncontrolling interest | 70,000,000 | (162,000,000) | ||
Net income attributable to parent: | 4,152,000,000 | 1,151,000,000 | ||
Other undisclosed net loss available to common stockholders, basic | (478,000,000) | (178,000,000) | ||
Net income available to common stockholders, diluted: | 3,674,000,000 | 973,000,000 |
Comprehensive Income (USD)
12/31/2023 | 12/31/2022 | 12/31/2021 | ||
---|---|---|---|---|
Net income: | 4,082,000,000 | 1,313,000,000 | ||
Other undisclosed comprehensive income (loss) | (8,000,000) | 8,000,000 | ||
Comprehensive income: | 4,074,000,000 | 1,321,000,000 | ||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (408,000,000) | (340,000,000) | ||
Comprehensive income, net of tax, attributable to parent: | 3,666,000,000 | 981,000,000 |
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.