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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2622477141,6681,3771,467769
Cash and cash equivalents2622477141,6681,3771,467769
Receivables9081,0621,1941,3451,1281,2532,024
Inventory, net of allowances, customer advances and progress billings492502401368476570708
Inventory492502401368476570708
Prepaid expense      388
Disposal group, including discontinued operation      1,628
Other current assets676652     
Other undisclosed current assets(492)(502)378344260462898
Total current assets:1,8461,9612,6873,7253,2413,7526,415
Noncurrent Assets
Property, plant and equipment1,14014,158    48,076
Oil and gas property, successful effort method41,819      
Oil and gas property, full cost method  18,42117,75918,86714,11948,076
Long-term investments and receivables1,5551,258     
Long-term investments1,5551,258     
Intangible assets, net (including goodwill) 87    87
Goodwill 87    87
Other noncurrent assets      1,374
Other undisclosed noncurrent assets(33,614)643474438411971(48,076)
Total noncurrent assets:10,90016,14618,89518,19719,27815,09049,537
TOTAL ASSETS:12,74618,10721,58221,92222,51918,84255,952
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4446957096415856181,628
Accounts payable4446957096415856181,210
Employee-related liabilities      204
Taxes payable      54
Interest and dividends payable      160
Debt211150550   
Asset retirement obligation      37
Other liabilities8621,1491,3421,3731,2581,2232,417
Other undisclosed current liabilities      (418)
Total current liabilities:1,3081,8552,2012,5641,8431,8413,664
Noncurrent Liabilities
Long-term debt and lease obligation8,9158,5558,0547,9348,5448,77711,245
Long-term debt, excluding current maturities8,7708,5558,0547,9348,5448,77711,245
Operating lease, liability145 
Liabilities, other than long-term debt, including:2,7052,6772,5152,6334,4533,99612,906
Asset retirement obligations1,8881,8111,8661,7922,4322,5623,048
Deferred tax liabilities, net 5451,7101,0729,499
Deferred income tax liabilities215346
Other liabilities602520258296311362359
Other undisclosed liabilities, other than long-term debt  391    
Other undisclosed noncurrent liabilities(145)      
Total noncurrent liabilities:11,47511,23210,56910,56712,99712,77324,151
Total liabilities:12,78313,08712,77013,13114,84014,61427,815
Temporary equity, carrying amount608555     
Stockholders' equity
Stockholders' equity attributable to parent(1,639)3,2557,1307,4166,2382,56625,937
Common stock262261260259258257256
Treasury stock, value(3,189)(3,190)(3,192)(2,887)(2,887)(2,889)(2,890)
Additional paid in capital11,73511,76912,10612,12812,36412,46712,438
Accumulated other comprehensive income (loss)141644(112)(116)(116)
Retained earnings (accumulated deficit)(10,461)(5,601)(2,048)(2,088)(3,385)(7,153)16,249
Stockholders' equity attributable to noncontrolling interest   1,3751,4411,6622,200
Other undisclosed stockholders' equity9941,2101,682    
Total stockholders' equity:(645)4,4658,8128,7917,6794,22828,137
TOTAL LIABILITIES AND EQUITY:12,74618,10721,58221,92222,51918,84255,952

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,3086,4117,4241106,36613,672
Revenue, net1106,36613,669
Cost of revenue(611)(918)(937)(4,956)(6,563)(55)(16,441)
Cost of goods and services sold (306)(348)(254)(55)(55)(16,441)
Gross profit:3,6975,4936,487(4,955)(6,553)6,311(2,769)
Operating expenses(8,537)(8,501)(5,529)(549)(473) (3,584)
Other undisclosed operating income (loss)7388228616,6946,223(31,792)6,333
Operating income (loss):(4,102)(2,186)1,8191,190(803)(25,481)(20)
Nonoperating income (expense)(152)6675(91)(26)(17)122
Investment income, nonoperating(216)135(135)8 296
Other nonoperating income (expense)64537044(34)(17)(182)
Interest and debt expense(286)(512)(544)(397)(882)(299)(629)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(300)(376)(392)21629(2,429)(2,379)
Income (loss) from continuing operations before income taxes:(4,840)(3,008)958918(1,682)(28,226)(2,906)
Income tax expense (benefit)(64)(674)(672)5854425,469(1,637)
Income (loss) from continuing operations:(4,904)(3,682)2861,503(1,240)(22,757)(4,543)
Loss from discontinued operations    (33)(771)(517)
Income (loss) before gain (loss) on sale of properties:(4,904)(3,682)2861,503(1,273)(23,528)(5,060)
Loss on sale of properties, net of applicable income taxes      (116)
Other undisclosed net income      116
Net income (loss):(4,904)(3,682)2861,503(1,273)(23,528)(5,060)
Net income (loss) attributable to noncontrolling interest   (199)(132)409(343)
Net income (loss) attributable to parent:(4,904)(3,682)2861,304(1,405)(23,119)(5,403)
Other undisclosed net income (loss) available to common stockholders, basic44129(246)    
Net income (loss) available to common stockholders, diluted:(4,860)(3,553)401,304(1,405)(23,119)(5,403)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(4,904)(3,682)2861,503(1,273)(23,528)(5,060)
Other comprehensive income (loss)(2)12 1167 (1)
Comprehensive income (loss):(4,906)(3,670)2861,619(1,266)(23,528)(5,061)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (199)(132)409(343)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent44129(246)    
Comprehensive income (loss), net of tax, attributable to parent:(4,862)(3,541)401,420(1,398)(23,119)(5,404)

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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