Page 86

APACHE CORPORATION AND SUBSIDIARIES STATEMENT OF CONSOLIDATED OPERATIONS For the Year Ended December 31, 2015 2014 2013 (In millions, except per common share data) REVENUES AND OTHER: Oil and gas production revenues: Oil revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gas revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Natural gas liquids revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING EXPENSES: Depreciation, depletion, and amortization: Oil and gas property and equipment Recurring . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Additional . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Asset retirement obligation accretion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Lease operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gathering and transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Taxes other than income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Impairments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . General and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transaction, reorganization, and separation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Financing costs, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4,999 1,157 227

$

10,040 1,983 668

$

11,853 2,266 652

6,383 (17)

12,691 110

14,771 (333)

6,366

12,801

14,438

3,531 25,517 324 145 1,854 211 282 1,920 377 132 299

4,388 5,001 331 154 2,238 273 577 1,919 451 67 211

4,534 995 337 211 2,650 288 772 481 33 229

34,592

15,610

10,530

NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Current income tax provision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Deferred income tax provision (benefit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(28,226) 309 (5,778)

(2,809) 1,177 (514)

3,908 1,619 309

NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (loss) from discontinued operations, net of tax . . . . . . . . . . . . . . . . . . . . . .

(22,757) (771)

(3,472) (1,588)

1,980 308

NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST . . . . . . . . . . . Preferred stock dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (loss) attributable to noncontrolling interest . . . . . . . . . . . . . . . . . . . . . . . . .

(23,528) (409)

(5,060) 343

2,288 44 56

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK . . . . . . . . . . . . . . . .

$

(23,119) $

(5,403) $

2,188

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS: Net income (loss) from continuing operations attributable to common shareholders . . . Net income (loss) from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

(22,348) $ (771)

(3,815) $ (1,588)

1,880 308

Net income (loss) attributable to common shareholders . . . . . . . . . . . . . . . . . . . . . . . . .

$

(23,119) $

(5,403) $

2,188

BASIC NET INCOME (LOSS) PER COMMON SHARE: Basic net income (loss) from continuing operations per share . . . . . . . . . . . . . . . . . . . . Basic net income (loss) from discontinued operations per share . . . . . . . . . . . . . . . . . . .

$

(59.16) $ (2.04)

(9.93) $ (4.13)

4.75 0.78

Basic net income (loss) per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

(61.20) $

(14.06) $

5.53

DILUTED NET INCOME (LOSS) PER COMMON SHARE: Diluted net income (loss) from continuing operations per share . . . . . . . . . . . . . . . . . . . Diluted net income (loss) from discontinued operations per share . . . . . . . . . . . . . . . . .

$

(59.16) $ (2.04)

(9.93) $ (4.13)

4.74 0.76

Diluted net income (loss) per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

(61.20) $

(14.06) $

5.50

$

378 378 1.00

384 384 1.00

395 406 0.80

WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DIVIDENDS DECLARED PER COMMON SHARE . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

The accompanying notes to consolidated financial statements are an integral part of this statement.

F-4

$

Apache 2015 Summary Annual Report  

Adapting to a changing environment

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