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APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) (3)

16.

In 2015, continuing operating expenses include non-cash asset impairments totaling $1.9 billion, including $1.7 billion for impairment of GTP assets, $148 million for impairment in an equity method investment, and $55 million for inventory write-downs. In 2014, operating expenses include non-cash asset impairments totaling $1.9 billion, including $1.3 billion for the impairment of goodwill, $604 million for the impairment of assets held for sale, and other asset impairments.

SUPPLEMENTAL GUARANTOR INFORMATION

In December 1999, Apache Finance Canada issued approximately $300 million of publicly-traded notes due in 2029, which are fully and unconditionally guaranteed by Apache. The following condensed consolidating financial statements are provided as an alternative to filing separate financial statements. Apache Finance Canada is 100 percent owned by Apache Corporation. As such, these condensed consolidating financial statements should be read in conjunction with Apache’s consolidated financial statements and notes thereto, of which this note is an integral part.

F-63

Apache 2015 Summary Annual Report  

Adapting to a changing environment

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