Apache Corporation (APA) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments262162135428247163549
Cash and cash equivalents262162135428247163549
Receivables9088998718381,0621,0701,098
Inventory, net of allowances, customer advances and progress billings492503477452502475453
Inventory492503477452502475453
Other current assets6766586526426527381,144
Other undisclosed current assets(492)(503)(477)(452)(502)(475)(453)
Total current assets:1,8461,7191,6581,9081,9611,9712,791
Noncurrent Assets
Property, plant and equipment1,1409,0679,3449,58614,158  
Oil and gas property, successful effort method41,819      
Oil and gas property, full cost method     17,65517,756
Long-term investments and receivables1,5551,5241,4081,3371,2581,095527
Long-term investments1,5551,5241,4081,3371,2581,095527
Intangible assets, net (including goodwill)    87  
Goodwill    87  
Other undisclosed noncurrent assets(33,614)565589560643684732
Total noncurrent assets:10,90011,15611,34111,48316,14619,43419,015
TOTAL ASSETS:12,74612,87512,99913,39118,10721,40521,806
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities444395459528695661644
Accounts payable444395459528695661644
Debt21842945441119175
Other liabilities8628039579531,1491,2411,443
Total current liabilities:1,3081,3821,7102,0251,8551,9212,262
Noncurrent Liabilities
Long-term debt and lease obligation8,9158,7508,5238,3368,5558,3938,157
Long-term debt, excluding current maturities8,7708,7508,5238,3368,5558,3938,157
Operating lease, liability145      
Liabilities, other than long-term debt, including:2,7052,7802,8102,6852,6772,6842,712
Asset retirement obligations1,8881,8591,8361,8141,8111,8531,850
Deferred income tax liabilities215271299309346  
Other liabilities602650675562520491514
Other undisclosed liabilities, other than long-term debt     340348
Other undisclosed noncurrent liabilities(145)      
Total noncurrent liabilities:11,47511,53011,33311,02111,23211,07710,869
Total liabilities:12,78312,91213,04313,04613,08712,99813,131
Temporary equity, carrying amount608600592573555539521
Stockholders' equity
Stockholders' equity attributable to parent(1,639)(1,641)(1,635)(1,246)3,2556,3016,551
Common stock262262262262261261261
Treasury stock, value(3,189)(3,189)(3,189)(3,189)(3,190)(3,190)(3,190)
Additional paid in capital11,73511,74111,74411,74711,76911,85211,931
Accumulated other comprehensive income141615151634
Accumulated deficit(10,461)(10,471)(10,467)(10,081)(5,601)(2,625)(2,455)
Other undisclosed stockholders' equity9941,0049991,0181,2101,5671,603
Total stockholders' equity:(645)(637)(636)(228)4,4657,8688,154
TOTAL LIABILITIES AND EQUITY:12,74612,87512,99913,39118,10721,40521,806

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,2891,1445961,2791,6961,4771,603
Cost of revenue(185)(158)(70)(198)(213)(200)(281)
Cost of goods and services sold   (5)(76)(66)(76)
Gross profit:1,1049865261,0811,4831,2771,322
Operating expenses(1,034)(914)(942)(5,647)(4,518)(1,263)(1,474)
Other undisclosed operating income115134226263142161276
Operating income (loss):185206(190)(4,303)(2,893)175124
Nonoperating income (expense)6526(155)(90)6139(12)
Investment income, nonoperating4217(174)(103)53(2)(8)
Other nonoperating income (expense)2391913841(4)
Interest and debt expense(111)(101)33(103)(147)(95)(173)
Other undisclosed loss from continuing operations before equity method investments, income taxes(69)(59)(104)(70)(56)(105)(91)
Income (loss) from continuing operations before income taxes:7072(416)(4,566)(3,035)14(152)
Income tax expense (benefit)(15)(31)38(56)(212)(131)(164)
Net income (loss) attributable to parent:5541(378)(4,622)(3,247)(117)(316)
Other undisclosed net income (loss) available to common stockholders, basic(45)(45)(8)142271(53)(44)
Net income (loss) available to common stockholders, basic:10(4)(386)(4,480)(2,976)(170)(360)
Other undisclosed net loss available to common stockholders, diluted (4)     
Net income (loss) available to common stockholders, diluted:10(8)(386)(4,480)(2,976)(170)(360)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):5541(378)(4,622)(3,247)(117)(316)
Other undisclosed comprehensive income (loss)(2)1 (1)13(1) 
Comprehensive income (loss):5342(378)(4,623)(3,234)(118)(316)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(45)(45)(8)142271(53) 
Comprehensive income (loss), net of tax, attributable to parent:8(3)(386)(4,481)(2,963)(171)(316)

Statements sources

The financial statements are based on the company's filings with the 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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