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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments247163549327714593972
Cash and cash equivalents247163549327714593972
Receivables1,0621,0701,0981,1851,1941,4571,446
Inventory, net of allowances, customer advances and progress billings502475453438401362361
Inventory502475453438401362361
Disposal group, including discontinued operation   217   
Other current assets6527381,144    
Other undisclosed current assets(502)(475)(453)337378373360
Total current assets:1,9611,9712,7912,5042,6872,7853,139
Noncurrent Assets
Property, plant and equipment14,158      
Oil and gas property, full cost method 17,65517,75618,29118,42118,64618,336
Long-term investments and receivables1,2581,095527209   
Long-term investments1,2581,095527209   
Intangible assets, net (including goodwill)87      
Goodwill87      
Other undisclosed noncurrent assets643684732747474439435
Total noncurrent assets:16,14619,43419,01519,24718,89519,08518,771
TOTAL ASSETS:18,10721,40521,80621,75121,58221,87021,910
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities695661644679709744682
Accounts payable695661644679709744682
Debt1119175339150150400
Other liabilities1,1491,2411,4431,3561,3421,3131,230
Total current liabilities:1,8551,9212,2622,3742,2012,2072,312
Noncurrent Liabilities
Long-term debt and lease obligation8,5558,3938,1578,0948,0548,0537,937
Long-term debt, excluding current maturities8,5558,3938,1578,0948,0548,0537,937
Liabilities, other than long-term debt, including:2,6772,6842,7122,6742,5152,6642,666
Asset retirement obligations1,8111,8531,8501,8791,8661,8671,845
Deferred tax liabilities, net370   
Deferred income tax liabilities346   
Other liabilities520491514425258295303
Other undisclosed liabilities, other than long-term debt 340348 391502518
Total noncurrent liabilities:11,23211,07710,86910,76810,56910,71710,603
Total liabilities:13,08712,99813,13113,14212,77012,92412,915
Temporary equity, carrying amount555539521    
Stockholders' equity
Stockholders' equity attributable to parent3,2556,3016,5516,9897,1307,6127,640
Common stock261261261261260260260
Treasury stock, value(3,190)(3,190)(3,190)(3,190)(3,192)(2,930)(2,887)
Additional paid in capital11,76911,85211,93112,00912,10611,94512,011
Accumulated other comprehensive income16344444
Accumulated deficit(5,601)(2,625)(2,455)(2,095)(2,048)(1,667)(1,748)
Stockholders' equity attributable to noncontrolling interest     1,3341,355
Other undisclosed stockholders' equity1,2101,5671,6031,6201,682  
Total stockholders' equity:4,4657,8688,1548,6098,8128,9468,995
TOTAL LIABILITIES AND EQUITY:18,10721,40521,80621,75121,58221,87021,910

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1,6961,4771,6031,6351,7651,9831,929
Cost of revenue(213)(200)(281)(224)2,720(1,332)(1,188)
Cost of goods and services sold(76)(66)(76)(88)(88)(92)(82)
Gross profit:1,4831,2771,3221,4114,485651741
Operating expenses(4,518)(1,263)(1,474)(1,246)(4,829)(245)(233)
Other undisclosed operating income142161276243140292230
Operating income (loss):(2,893)175124408(204)698738
Nonoperating income (expense)6139(12)(22)121(23) 
Investment income, nonoperating53(2)(8)(30) (23) 
Other nonoperating income (expense)841(4)8   
Interest and debt expense(147)(95)(173)(97)(159)(192)(94)
Other undisclosed loss from continuing operations before equity method investments, income taxes(56)(105)(91)(124)(102)(77)(136)
Income (loss) from continuing operations before income taxes:(3,035)14(152)165(344)406508
Income tax expense(212)(131)(164)(167)(6)(245)(239)
Net income (loss):(3,247)(117)(316)(2)(350)161269
Net loss attributable to noncontrolling interest     (80)(74)
Other undisclosed net income attributable to parent    215  
Net income (loss) attributable to parent:(3,247)(117)(316)(2)(135)81195
Other undisclosed net income (loss) available to common stockholders, basic271(53)(44)(45)(246)  
Net income (loss) available to common stockholders, diluted:(2,976)(170)(360)(47)(381)81195

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(3,247)(117)(316)(2)(350)161269
Other undisclosed comprehensive income (loss)13(1)     
Comprehensive income (loss):(3,234)(118)(316)(2)(350)161269
Comprehensive loss, net of tax, attributable to noncontrolling interest     (80)(74)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent271(53)  (31)  
Comprehensive income (loss), net of tax, attributable to parent:(2,963)(171)(316)(2)(381)81195

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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