Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Apache Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Cash and cash equivalents	1,467)	769)	1,906)	160)	295)
Receivables, net of allowance	1,253)	2,024)	2,952)	3,086)	3,079)
Inventories	570)	708)	891)	908)	655)
Drilling advances	172)	388)	371)	584)	229)
Assets held for sale	—)	1,628)	—)	—)	—)
Deferred tax asset	—)	769)	134)	—)	—)
Prepaid assets and other	290)	129)	112)	224)	545)
Current assets	3,752)	6,415)	6,366)	4,962)	4,803)
Property and equipment, less accumulated depreciation, depletion, and amortization	14,119)	48,076)	52,421)	53,280)	45,448)
Goodwill	87)	87)	1,369)	1,289)	1,114)
Deferred charges and other	884)	1,374)	1,481)	1,206)	686)
Other assets	971)	1,461)	2,850)	2,495)	1,800)
Noncurrent assets	15,090)	49,537)	55,271)	55,775)	47,248)
Total assets	18,842)	55,952)	61,637)	60,737)	52,051)

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Apache Corp. current assets 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.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Apache Corp. noncurrent assets decreased from 2013 to 2014 and from 2014 to 2015.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Apache Corp. total assets decreased from 2013 to 2014 and from 2014 to 2015.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Apache Corp. cash and cash equivalents decreased from 2013 to 2014 but then increased from 2014 to 2015 not reaching 2013 level.
Receivables, net of allowance	The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.	Apache Corp. receivables, net of allowance decreased from 2013 to 2014 and from 2014 to 2015.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Apache Corp. inventories decreased from 2013 to 2014 and from 2014 to 2015.

Apache Corp. (NYSE:APA)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items