Page 88

APACHE CORPORATION AND SUBSIDIARIES STATEMENT OF CONSOLIDATED CASH FLOWS For the Year Ended December 31, 2015 2014 2013 (In millions) CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) including noncontrolling interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Adjustments to reconcile net income (loss) to net cash provided by operating activities: Loss (income) from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Impairments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Asset retirement obligation accretion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for (benefit from) deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Changes in operating assets and liabilities: Receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Drilling advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Deferred charges and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Deferred credits and noncurrent liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

(23,528)

$

(5,060)

$

2,288

771 29,372 1,920 145 (5,778) 102

1,588 9,720 1,919 154 (514) (51)

(308) 5,866 211 309 300

663 21 138 (435) (489) (156) 88

757 (31) 107 (211) (216) (572) (73)

105 (65) 269 (148) 286 (467) 39

NET CASH PROVIDED BY CONTINUING OPERATING ACTIVITIES . . . . . . . . . . NET CASH PROVIDED BY DISCONTINUED OPERATIONS . . . . . . . . . . . . . . . . . .

2,834 150

7,517 944

8,685 1,150

NET CASH PROVIDED BY OPERATING ACTIVITIES . . . . . . . . . . . . . . . . . . . . . . .

2,984

8,461

9,835

CASH FLOWS FROM INVESTING ACTIVITIES: Additions to oil and gas property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Additions to gas gathering, transmission, and processing facilities . . . . . . . . . . . . . . . . . . . . . . Leasehold and property acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Proceeds from sale of Kitimat LNG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Proceeds from sale of Yara Pilbara . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Proceeds from sale of Deepwater Gulf of Mexico assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Proceeds from sale of Anadarko basin and southern Louisiana assets . . . . . . . . . . . . . . . . . . . Proceeds from sale of Gulf of Mexico Shelf properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Proceeds from Kitimat LNG transaction, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Proceeds from sale of oil and gas properties, other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4,578) (233) (367) 854 391 268 6

(9,022) (881) (1,475) 1,360 1,262 470 (299)

(8,663) (464) (429) 3,702 396 307 (105)

NET CASH USED IN CONTINUING INVESTING ACTIVITIES . . . . . . . . . . . . . . . . NET CASH PROVIDED BY (USED IN) DISCONTINUED OPERATIONS . . . . . . . .

(3,659) 4,335

(8,585) (219)

(5,256) (1,860)

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES . . . . . . . . . . . . . .

676

(8,804)

(7,116)

CASH FLOWS FROM FINANCING ACTIVITIES: Commercial paper, credit facilities and bank notes, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Payments on fixed rate debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Distributions to noncontrolling interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Proceeds from sale of noncontrolling interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Treasury stock activity, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(1,570) (939) (129) (377) 53

1,568 (140) (365) (1,864) 49

(509) (2,072) 2,948 (360) (997) 21

NET CASH USED IN CONTINUING FINANCING ACTIVITIES . . . . . . . . . . . . . . . . NET CASH USED IN DISCONTINUED OPERATIONS . . . . . . . . . . . . . . . . . . . . . . . .

(2,962) -

(752) (42)

(969) (4)

NET CASH USED IN FINANCING ACTIVITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2,962)

(794)

(973)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS . . . . . . . . . . . . . . . .

698

(1,137)

1,746

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR . . . . . . . . . . . . . . . . . . . . . .

769

1,906

160

CASH AND CASH EQUIVALENTS AT END OF PERIOD . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

1,467

$

769

$

1,906

SUPPLEMENTARY CASH FLOW DATA: Interest paid, net of capitalized interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes paid, net of refunds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

246 573

$

134 1,357

$

192 1,766

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

F-6

Apache 2015 Summary Annual Report  

Adapting to a changing environment

Read more
Read more
Similar to
Popular now
Just for you