Page 144

APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) 15.

SUPPLEMENTAL QUARTERLY FINANCIAL DATA (Unaudited) First

Second

Third

Fourth

Total

(In millions, except per share amounts)

2015 Revenues and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Expenses(2)(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (loss) from continuing operations including noncontrolling interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (loss) from discontinued operations, net of tax . . . . .

1,630 6,134

$

(4,504) (132)

1,977 6,809

$

(4,832) (732)

1,496 7,047

$

(5,551) (95)

1,263 9,133

$

(7,870) 188

6,366 29,123 (22,757) (771)

Net income (loss) including noncontrolling interest . . . . . . . . . . $ (4,636) $ (5,564) $ (5,646) $ (7,682) $ (23,528) Net income (loss) attributable to common stock . . . . . . . . . . . . . $ (4,651) $ (5,600) $ (5,655) $ (7,213) $ (23,119) Basic net income (loss) per common share(1): Net income (loss) from continuing operations . . . . . . . . . . . . . $ (11.99) $ (12.89) $ (14.70) $ (19.57) $ Net income (loss) from discontinued operations . . . . . . . . . . . (0.35) (1.94) (0.25) 0.50

(59.16) (2.04)

Net income (loss) per share . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (12.34) $ (14.83) $ (14.95) $ (19.07) $

(61.20)

Diluted net income (loss) per common share(1): Net income (loss) from continuing operations . . . . . . . . . . . . . $ (11.99) $ (12.89) $ (14.70) $ (19.57) $ Net income (loss) from discontinued operations . . . . . . . . . . . (0.35) (1.94) (0.25) 0.50

(59.16) (2.04)

Net income (loss) per share . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (12.34) $ (14.83) $ (14.95) $ (19.07) $

(61.20)

2014 Revenues and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Expenses(2)(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (loss) from continuing operations including noncontrolling interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (loss) from discontinued operations, net of tax . . . . .

3,388 2,638

$

750 (416)

3,289 2,732

$

557 56

3,441 4,526

$

(1,085) (156)

2,683 6,377

$

(3,694) (1,072)

12,801 16,273 (3,472) (1,588)

Net income (loss) including noncontrolling interest . . . . . . . . . . $

334

$

613

$ (1,241) $ (4,766) $

(5,060)

Net income (loss) attributable to common stock . . . . . . . . . . . . . $

236

$

505

$ (1,330) $ (4,814) $

(5,403)

1.66 $ (1.06)

1.17 0.14

$

(3.08) $ (0.42)

(9.93) $ (2.85)

(9.93) (4.13)

$

1.31

$

(3.50) $ (12.78) $

(14.06)

1.65 $ (1.05)

1.17 0.14

$

(3.08) $ (0.42)

(9.93) $ (2.85)

(9.93) (4.13)

1.31

$

(3.50) $ (12.78) $

(14.06)

share(1):

Basic net income (loss) per common Net income (loss) from continuing operations . . . . . . . . . . . . . $ Net income (loss) from discontinued operations . . . . . . . . . . . Net income (loss) per share . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Diluted net income (loss) per common share(1): Net income (loss) from continuing operations . . . . . . . . . . . . . $ Net income (loss) from discontinued operations . . . . . . . . . . . Net income (loss) per share . . . . . . . . . . . . . . . . . . . . . . . . . . . $

0.60

0.60

$

(1)

The sum of the individual quarterly net income per common share amounts may not agree with full-year net income per common share as each quarterly computation is based on the weighted-average number of common shares outstanding during that period.

(2)

In 2015, continuing operating expenses include non-cash write-downs of the Company’s oil and gas properties totaling $16.6 billion, net of tax, in the U.S., Canada, North Sea, and Egypt regions. In 2014, operating expenses include non-cash write-downs of the Company’s oil and gas properties totaling $3.1 billion, net of tax, in the U.S. and North Sea regions.

F-62

Apache 2015 Summary Annual Report  

Adapting to a changing environment

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