Apache Corporation (APA) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1637141,6681,3771,4677691,906
Cash and cash equivalents1637141,6681,3771,4677691,906
Receivables1,0701,1941,3451,1281,2532,0242,952
Inventory, net of allowances, customer advances and progress billings475401368476570708891
Inventory475401368476570708891
Prepaid expense     388 
Derivative instruments and hedges, assets      1
Disposal group, including discontinued operation     1,628 
Other current assets738      
Other undisclosed current assets(475)378344260462898616
Total current assets:1,9712,6873,7253,2413,7526,4156,366
Noncurrent Assets
Property, plant and equipment     48,07652,421
Oil and gas property, full cost method17,65518,42117,75918,86714,11948,076 
Long-term investments and receivables1,095      
Long-term investments1,095      
Intangible assets, net (including goodwill)     871,369
Goodwill     871,369
Other noncurrent assets     1,3741,481
Other undisclosed noncurrent assets684474438411971(48,076) 
Total noncurrent assets:19,43418,89518,19719,27815,09049,53755,271
TOTAL ASSETS:21,40521,58221,92222,51918,84255,95261,637
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6617096415856181,6282,106
Accounts payable6617096415856181,2101,616
Employee-related liabilities     204242
Taxes payable     54248
Interest and dividends payable     160 
Debt19150550   53
Derivative instruments and hedges, liabilities      299
Asset retirement obligation     37121
Other liabilities1,2411,3421,3731,2581,2232,4172,611
Other undisclosed current liabilities     (418)(490)
Total current liabilities:1,9212,2012,5641,8431,8413,6644,700
Noncurrent Liabilities
Long-term debt and lease obligation8,3938,0547,9348,5448,77711,2459,672
Long-term debt, excluding current maturities8,3938,0547,9348,5448,77711,2459,672
Liabilities, other than long-term debt, including:2,6842,5152,6334,4533,99612,90611,872
Asset retirement obligations1,8531,8661,7922,4322,5623,0483,101
Deferred tax liabilities, net 5451,7101,0729,4998,364
Other liabilities491258296311362359407
Other undisclosed liabilities, other than long-term debt340391     
Total noncurrent liabilities:11,07710,56910,56712,99712,77324,15121,544
Total liabilities:12,99812,77013,13114,84014,61427,81526,244
Temporary equity, carrying amount539      
Stockholders' equity
Stockholders' equity attributable to parent6,3017,1307,4166,2382,56625,93733,396
Common stock261260259258257256255
Treasury stock, value(3,190)(3,192)(2,887)(2,887)(2,889)(2,890)(1,027)
Additional paid in capital11,85212,10612,12812,36412,46712,43812,251
Accumulated other comprehensive income (loss)344(112)(116)(116)(115)
Retained earnings (accumulated deficit)(2,625)(2,048)(2,088)(3,385)(7,153)16,24922,032
Stockholders' equity attributable to noncontrolling interest  1,3751,4411,6622,2001,997
Other undisclosed stockholders' equity1,5671,682     
Total stockholders' equity:7,8688,8128,7917,6794,22828,13735,393
TOTAL LIABILITIES AND EQUITY:21,40521,58221,92222,51918,84255,95261,637

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,4807,4241106,36613,67216,105
Revenue, net1106,36613,66916,105
Cost of revenue2,015(937)(4,956)(6,563)(55)(16,441)(16,488)
Cost of goods and services sold(318)(348)(254)(55)(55)(16,441)(16,488)
Gross profit:8,4956,487(4,955)(6,553)6,311(2,769)(383)
Operating expenses(8,812)(5,529)(549)(473) (3,584)(7,069)
Other undisclosed operating income (loss)8208616,6946,223(31,792)6,33312,726
Operating income (loss):5031,8191,190(803)(25,481)(20)5,274
Nonoperating income (expense)12675(91)(26)(17)122(363)
Investment income, nonoperating(40)5(135)8 296(384)
Other nonoperating income (expense)457044(34)(17)(182)51
Interest and debt expense(524)(544)(397)(882)(299)(629)(555)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(422)(392)21629(2,429)(2,379)(140)
Income (loss) from continuing operations before income taxes:(317)958918(1,682)(28,226)(2,906)4,216
Income tax expense (benefit)(468)(672)5854425,469(1,637)(1,928)
Income (loss) from continuing operations:(785)2861,503(1,240)(22,757)(4,543)2,288
Loss from discontinued operations   (33)(771)(517) 
Income (loss) before gain (loss) on sale of properties:(785)2861,503(1,273)(23,528)(5,060)2,288
Loss on sale of properties, net of applicable income taxes     (116) 
Other undisclosed net income     116 
Net income (loss):(785)2861,503(1,273)(23,528)(5,060)2,288
Net income (loss) attributable to noncontrolling interest  (199)(132)409(343)(56)
Other undisclosed net income attributable to parent215      
Net income (loss) attributable to parent:(570)2861,304(1,405)(23,119)(5,403)2,232
Other undisclosed net loss available to common stockholders, basic(388)(246)    (44)
Net income (loss) available to common stockholders, basic:(958)401,304(1,405)(23,119)(5,403)2,188
Other undisclosed net income available to common stockholders, diluted      44
Net income (loss) available to common stockholders, diluted:(958)401,304(1,405)(23,119)(5,403)2,232

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(785)2861,503(1,273)(23,528)(5,060)2,288
Other comprehensive income (loss)  1167 (1)16
Other undisclosed comprehensive loss(1)      
Comprehensive income (loss):(786)2861,619(1,266)(23,528)(5,061)2,304
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (199)(132)409(343)56
Other undisclosed comprehensive loss, net of tax, attributable to parent(84)(246)     
Comprehensive income (loss), net of tax, attributable to parent:(870)401,420(1,398)(23,119)(5,404)2,360

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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