Stock Analysis on Net
Stock Analysis on Net

Apache Corp. (NYSE:APA)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 4, 2016.

Analysis of Property, Plant and Equipment

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Property, Plant and Equipment Disclosure

Apache Corp., balance sheet: property, plant and equipment

US$ in millions

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Proved properties
Unproved properties and properties under development, not being amortized
Oil and gas, on the basis of full-cost accounting
Gathering, transmission, and processing facilities
Other
Property and equipment, gross
Accumulated depreciation, depletion and amortization
Property and equipment, less accumulated depreciation, depletion, and amortization

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

Item Description The company
Property and equipment, gross Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Apache Corp. property and equipment, gross increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Property and equipment, less accumulated depreciation, depletion, and amortization Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Apache Corp. property and equipment, less accumulated depreciation, depletion, and amortization decreased from 2013 to 2014 and from 2014 to 2015.

Asset Age Ratios (Summary)

Apache Corp., asset age ratios

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Average age ratio

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Apache Corp. average age ratio of depreciable property, plant and equipment deteriorated from 2013 to 2014 and from 2014 to 2015.

Average Age

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Selected Financial Data (US$ in millions)
Accumulated depreciation, depletion and amortization
Property and equipment, gross
Asset Age Ratio
Average age1

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

2015 Calculations

1 Average age = 100 × Accumulated depreciation, depletion and amortization ÷ Property and equipment, gross
= 100 × ÷ =

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Apache Corp. average age ratio of depreciable property, plant and equipment deteriorated from 2013 to 2014 and from 2014 to 2015.