Stock Analysis on Net

Apache Corp. (NYSE:APA)

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

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Apache Corp., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Oil revenues 1,118 822 907 1,213 1,599 1,280 2,234 2,753 2,950 2,815 3,728 4,409 4,119 4,146 4,393 4,141 3,956 4,457 4,295 4,282 4,355 3,878
Gas revenues 209 223 253 309 295 300 556 538 589 646
Natural gas liquids revenues 59 42 61 50 58 58 136 177 169 186
Oil and gas production revenues 1,386 1,087 1,221 1,572 1,952 1,638 2,926 3,468 3,708 3,647 3,728 4,409 4,119 4,146 4,393 4,141 3,956 4,457 4,295 4,282 4,355 3,878
Lease operating expenses (359) (378) (456) (450) (467) (481) (617) (652) (613) (597) (637) (819) (829) (771) (790) (801) (704) (673) (659) (661) (662) (623)
Gathering and transportation (52) (52) (48) (58) (49) (56) (70) (67) (66) (70) (60) (83) (80) (74) (68) (86) (72) (77) (75) (72) (73) (76)
Cost of revenues (411) (430) (504) (508) (516) (537) (687) (719) (679) (667) (697) (902) (909) (845) (858) (887) (776) (750) (734) (733) (735) (699)
Gross profit 975 657 717 1,064 1,436 1,101 2,239 2,749 3,029 2,980 3,031 3,507 3,210 3,301 3,535 3,254 3,180 3,707 3,561 3,549 3,620 3,179
Taxes other than income (65) (11) (49) (104) (55) (74) (146) (170) (181) (181) (222) (185) (183) (242) (235) (167) (203) (257) (236) (244) (255) (164)
Exploration (91) (95)
General and administrative (103) (93) (98) (86) (111) (82) (109) (112) (94) (119) (127) (127) (133) (116) (147) (124) (132) (128) (132) (112) (103) (112)
Oil and gas property and equipment (629) (636) (7,540) (6,550) (6,739) (8,219) (4,546) (2,735) (1,358) (1,109) (1,986) (2,073) (1,311) (1,330) (1,305) (1,935) (1,842) (1,656) (1,174) (1,065) (1,029) (936)
Other assets (40) (42) (79) (79) (83) (83) (114) (100) (99) (97) 297 (99) (93) (105) (103) (94) (90) (84)
Depreciation, depletion, and amortization (669) (678) (7,619) (6,629) (6,822) (8,302) (4,660) (2,835) (1,457) (1,206) (1,689) (2,172) (1,404) (1,435) (1,408) (2,029) (1,932) (1,740) (1,174) (1,065) (1,029) (936)
Asset retirement obligation accretion (38) (38) (36) (37) (36) (36) (46) (46) (45) (44) (47) (66) (65) (65) (60) (60) (57) (55) (40) (39) (38) (37)
Impairments (173) (1,553) (367) (2,357)
Transaction, reorganization, and separation (9) (15) (12) (66) (54) (17) (34) (14) (2) (33) (2) (7) (16) (6) (5) (4) (6) (5)
Operating income (loss) (173) (273) (8,650) (6,159) (5,654) (7,447) (5,096) (448) 1,238 1,428 913 957 1,425 1,443 1,683 867 840 1,521 1,974 2,085 2,189 1,925
Derivative instrument gains (losses), net 205 273 (174) (20) (124) (422) 247 (100) (79)
Other (21) (3) 42 (76) 25 (8) (179) (1) (50) 48 (28) 32 17 30 77 38 16 79 2 46 (17) 47
Gain (loss) on divestitures 17 (1)
Financing costs, net (104) (105) (60) (107) (63) (69) (27) (41) (35) (27) (19) (51) (51) (53) (40) (40) (45) (40) (35) (37) (41) (45)
Income (loss) from continuing operations before income taxes (281) (382) (8,668) (6,342) (5,692) (7,524) (5,097) (217) 979 1,429 742 516 1,638 1,320 1,641 865 811 1,560 1,941 2,094 2,131 1,927
Income tax (provision) benefit 81 11 798 791 860 3,020 331 (1,024) (366) (578) (512) (210) (603) (603) (973) (685) (455) (763) (752) (1,092) (872) (793)
Net income (loss) from continuing operations including noncontrolling interest (200) (371) (7,870) (5,551) (4,832) (4,504) (4,766) (1,241) 613 851 230 306 1,035 717 668 180 356 797 1,189 1,002 1,259 1,134
Net loss from discontinued operations, net of tax 188 (95) (732) (132) (517)
Net income (loss) including noncontrolling interest (200) (371) (7,682) (5,646) (5,564) (4,636) (4,766) (1,241) 613 334 230 306 1,035 717 668 180 356 797 1,189 1,002 1,259 1,134
Net (income) loss attributable to noncontrolling interest (44) (1) 469 (9) (36) (15) (48) (89) (108) (98) (56)
Net income (loss) attributable to Apache shareholders (244) (372) (7,213) (5,655) (5,600) (4,651) (4,814) (1,330) 505 236 174 306 1,035 717 668 180 356 797 1,189 1,002 1,259 1,134
Preferred stock dividends (6) (19) (19) (19) (19) (19) (19) (19) (19) (19) (19)
Net income (loss) attributable to common stock (244) (372) (7,213) (5,655) (5,600) (4,651) (4,814) (1,330) 505 236 174 300 1,016 698 649 161 337 778 1,170 983 1,240 1,115

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

Income statement item Description The company
Oil and gas production revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Apache Corp. oil and gas production revenues decreased from Q4 2015 to Q1 2016 but then increased from Q1 2016 to Q2 2016 exceeding Q4 2015 level.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Apache Corp. operating income (loss) increased from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.
Income (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Apache Corp. income (loss) from continuing operations before income taxes increased from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.
Net income (loss) attributable to Apache shareholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Apache Corp. net income (loss) attributable to Apache shareholders increased from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.