UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

FORM 10-Q 

(Mark One)  

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2021

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________ to _________

Commission File Number: 1-40144

APA CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	86-1430562
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

One Post Oak Central, 2000 Post Oak Boulevard, Suite 100, Houston, Texas 77056-4400

(Address of principal executive offices) (Zip Code)

(713) 296-6000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.625 par value	APA	Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Number of shares of registrant’s common stock outstanding as of October 31, 2021 363,274,259 

TABLE OF CONTENTS

Item		Page
	PART I - FINANCIAL INFORMATION
1.	FINANCIAL STATEMENTS	1
	STATEMENT OF CONSOLIDATED OPERATIONS	1
	STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS)	2
	STATEMENT OF CONSOLIDATED CASH FLOWS	3
	CONSOLIDATED BALANCE SHEET	4
	STATEMENT OF CONSOLIDATED CHANGES IN EQUITY (DEFICIT) AND NONCONTROLLING INTEREST	5
	NOTES TO CONSOLIDATED FINANCIAL STATEMENTS	7
2.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	32
3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	48
4.	CONTROLS AND PROCEDURES	49
	PART II - OTHER INFORMATION
1.	LEGAL PROCEEDINGS	50
1A.	RISK FACTORS	50
2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	50
6.	EXHIBITS	51

FORWARD-LOOKING STATEMENTS AND RISKS

This report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). All statements other than statements of historical facts included or incorporated by reference in this report, including, without limitation, statements regarding the Company’s future financial position, business strategy, budgets, projected revenues, projected costs, and plans and objectives of management for future operations, are forward-looking statements. Such forward-looking statements are based on the Company’s examination of historical operating trends, the information that was used to prepare its estimate of proved reserves as of December 31, 2020, and other data in the Company’s possession or available from third parties. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “could,” “expect,” “intend,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “continue,” “seek,” “guidance,” “might,” “outlook,” “possibly,” “potential,” “prospect,” “should,” “would,” or similar terminology, but the absence of these words does not mean that a statement is not forward looking. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable under the circumstances, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, its assumptions about:

•the scope, duration, and reoccurrence of any epidemics or pandemics (including, specifically, the coronavirus disease 2019 (COVID-19) pandemic and any related variants) and the actions taken by third parties, including, but not limited to, governmental authorities, customers, contractors, and suppliers, in response to such epidemics or pandemics;

•the mandate, availability, and effectiveness of vaccine programs and therapeutics related to the treatment of COVID-19;

•the market prices of oil, natural gas, natural gas liquids (NGLs), and other products or services;

•the Company’s commodity hedging arrangements;

•the supply and demand for oil, natural gas, NGLs, and other products or services;

•production and reserve levels;

•drilling risks;

•economic and competitive conditions;

•the availability of capital resources;

•capital expenditures and other contractual obligations;

•currency exchange rates;

•weather conditions;

•inflation rates;

•the availability of goods and services;

•legislative, regulatory, or policy changes, including initiatives addressing the impact of global climate change or further regulating hydraulic fracturing, methane emissions, flaring, or water disposal;

•the Company’s performance on environmental, social, and governance measures;

•terrorism or cyberattacks;

•the occurrence of property acquisitions or divestitures;

•the integration of acquisitions;

•the Company’s ability to access the capital markets;

•market-related risks, such as general credit, liquidity, and interest-rate risks;

•the Company’s expectations with respect to the new operating structure implemented pursuant to the Holding Company Reorganization (as defined in the Notes to the Company’s Consolidated Financial Statements set forth in Part I, Item 1—Financial Statements of this Quarterly Report on Form 10-Q) and the associated disclosure implications;

•other factors disclosed under Items 1 and 2—Business and Properties—Estimated Proved Reserves and Future Net Cash Flows, Item 1A—Risk Factors, Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations, Item 7A—Quantitative and Qualitative Disclosures About Market Risk and elsewhere in the Annual Report on Form 10-K of Apache Corporation, the Company’s predecessor registrant, for the fiscal year ended December 31, 2020;

•other risks and uncertainties disclosed in the Company’s third-quarter 2021 earnings release;

•other factors disclosed under Part II, Item 1A—Risk Factors in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021;

•other factors disclosed under Part II, Item 1A—Risk Factors of this Quarterly Report on Form 10-Q; and

•other factors disclosed in the other filings that the Company makes with the Securities and Exchange Commission.

Other factors or events that could cause the Company’s actual results to differ materially from the Company’s expectations may emerge from time to time, and it is not possible for the Company to predict all such factors or events. All subsequent written and oral forward-looking statements attributable to the Company, or persons acting on its behalf, are expressly qualified in their entirety by the cautionary statements. All forward-looking statements speak only as of the date of this Quarterly Report on Form 10-Q. Except as required by law, the Company disclaims any obligation to update or revise these statements, whether based on changes in internal estimates or expectations, new information, future developments, or otherwise.

DEFINITIONS

All defined terms under Rule 4-10(a) of Regulation S-X shall have their statutorily prescribed meanings when used in this Quarterly Report on Form 10-Q. As used herein:

“3-D” means three-dimensional.

“4-D” means four-dimensional.

“b/d” means barrels of oil or natural gas liquids per day.

“bbl” or “bbls” means barrel or barrels of oil or natural gas liquids.

“bcf” means billion cubic feet of natural gas.

“bcf/d” means one bcf per day.

“boe” means barrel of oil equivalent, determined by using the ratio of one barrel of oil or NGLs to six Mcf of gas.

“boe/d” means boe per day.

“Btu” means a British thermal unit, a measure of heating value.

“Liquids” means oil and natural gas liquids.

“LNG” means liquefied natural gas.

“Mb/d” means Mbbls per day.

“Mbbls” means thousand barrels of oil or natural gas liquids.

“Mboe” means thousand boe.

“Mboe/d” means Mboe per day.

“Mcf” means thousand cubic feet of natural gas.

“Mcf/d” means Mcf per day.

“MMbbls” means million barrels of oil or natural gas liquids.

“MMboe” means million boe.

“MMBtu” means million Btu.

“MMBtu/d” means MMBtu per day.

“MMcf” means million cubic feet of natural gas.

“MMcf/d” means MMcf per day.

“NGL” or “NGLs” means natural gas liquids, which are expressed in barrels.

“NYMEX” means New York Mercantile Exchange.

“oil” includes crude oil and condensate.

“PUD” means proved undeveloped.

“SEC” means United States Securities and Exchange Commission.

“Tcf” means trillion cubic feet of natural gas.

“U.K.” means United Kingdom.

“U.S.” means United States.

With respect to information relating to our working interest in wells or acreage, “net” oil and gas wells or acreage is determined by multiplying gross wells or acreage by our working interest therein. Unless otherwise specified, all references to wells and acres are gross.

References to “APA,” the “Company,” “we,” “us,” and “our” refer to APA Corporation and its consolidated subsidiaries, including Apache Corporation, unless otherwise specifically stated. References to “Apache” refer to Apache Corporation, the Company’s wholly-owned subsidiary, and its consolidated subsidiaries, unless otherwise specifically stated.

PART I – FINANCIAL INFORMATION

ITEM 1.    FINANCIAL STATEMENTS

APA CORPORATION AND SUBSIDIARIES

STATEMENT OF CONSOLIDATED OPERATIONS

(Unaudited)

	For the Quarter Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
	(In millions, except share data)
REVENUES AND OTHER:
Oil, natural gas, and natural gas liquids production revenues	$	1,685	$	1,046	$	4,630	$	2,979
Purchased oil and gas sales	374		74		1,056		237
Total revenues	2,059		1,120		5,686		3,216
Derivative instrument gains (losses), net	—		16		45		(262)
Gain (loss) on divestitures, net	(2)		(1)		65		24
Loss on previously sold Gulf of Mexico properties	(446)		—		(446)		—
Other, net	40		9		175		41
	1,651		1,144		5,525		3,019
OPERATING EXPENSES:
Lease operating expenses	316		259		891		858
Gathering, processing, and transmission	68		63		187		206
Purchased oil and gas costs	396		75		1,152		207
Taxes other than income	54		34		149		90
Exploration	34		58		109		187
General and administrative	70		52		239		214
Transaction, reorganization, and separation	4		7		8		44
Depreciation, depletion, and amortization	335		398		1,028		1,382
Asset retirement obligation accretion	29		27		85		81
Impairments	18		—		18		4,492
Financing costs, net	205		99		422		168
	1,529		1,072		4,288		7,929
NET INCOME (LOSS) BEFORE INCOME TAXES	122		72		1,237		(4,910)
Current income tax provision	183		58		463		120
Deferred income tax benefit	(31)		(27)		(54)		(71)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS	(30)		41		828		(4,959)
Net income (loss) attributable to noncontrolling interest - Egypt	49		24		132		(138)
Net income (loss) attributable to noncontrolling interest - Altus	4		2		32		(7)
Net income attributable to Altus Preferred Unit limited partners	30		19		73		56
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	(113)	$	(4)	$	591	$	(4,870)
NET INCOME (LOSS) PER COMMON SHARE:
Basic	$	(0.30)	$	(0.01)	$	1.56	$	(12.89)
Diluted	$	(0.30)	$	(0.02)	$	1.53	$	(12.89)
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic	379		378		378		378
Diluted	379		378		379		378

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

1

APA CORPORATION AND SUBSIDIARIES

STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS)

(Unaudited)

	For the Quarter Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
	(In millions)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS	$	(30)	$	41	$	828	$	(4,959)
OTHER COMPREHENSIVE INCOME, NET OF TAX:
Share of equity method interests other comprehensive income	—		1		1		—
COMPREHENSIVE INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS	(30)		42		829		(4,959)
Comprehensive income (loss) attributable to noncontrolling interest - Egypt	49		24		132		(138)
Comprehensive income (loss) attributable to noncontrolling interest - Altus	4		2		32		(7)
Comprehensive income attributable to Altus Preferred Unit limited partners	30		19		73		56
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	(113)	$	(3)	$	592	$	(4,870)

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

2

APA CORPORATION AND SUBSIDIARIES

STATEMENT OF CONSOLIDATED CASH FLOWS

(Unaudited)

	For the Nine Months Ended September 30,
	2021		2020
	(In millions)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) including noncontrolling interests	$	828	$	(4,959)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized derivative instrument losses, net	18		142
Gain on divestitures, net	(65)		(24)
Exploratory dry hole expense and unproved leasehold impairments	67		138
Depreciation, depletion, and amortization	1,028		1,382
Asset retirement obligation accretion	85		81
Impairments	18		4,492
Deferred income tax benefit	(54)		(71)
Loss (gain) on extinguishment of debt	104		(152)
Loss on previously sold Gulf of Mexico properties	446		—
Other, net	(6)		45
Changes in operating assets and liabilities:
Receivables	(265)		202
Inventories	(19)		16
Drilling advances and other current assets	32		(5)
Deferred charges and other long-term assets	(46)		(12)
Accounts payable	219		(211)
Accrued expenses	29		(211)
Deferred credits and noncurrent liabilities	(8)		37
NET CASH PROVIDED BY OPERATING ACTIVITIES	2,411		890
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to upstream oil and gas property	(790)		(1,075)
Additions to Altus gathering, processing, and transmission (GPT) facilities	(2)		(27)
Leasehold and property acquisitions	(6)		(3)
Contributions to Altus equity method interests	(27)		(286)
Proceeds from sale of oil and gas properties	239		132
Other, net	44		(17)
NET CASH USED IN INVESTING ACTIVITIES	(542)		(1,276)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Apache credit facility, net	290		87
Proceeds from Altus credit facility, net	33		184
Fixed-rate debt borrowings	—		1,238
Payments on Apache fixed-rate debt	(1,795)		(980)
Distributions to noncontrolling interest - Egypt	(203)		(61)
Distributions to Altus Preferred Unit limited partners	(34)		(11)
Dividends paid to APA common stockholders	(28)		(113)
Other, net	(17)		(43)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(1,754)		301
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	115		(85)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	262		247
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	377	$	162
SUPPLEMENTARY CASH FLOW DATA:
Interest paid, net of capitalized interest	$	365	$	341
Income taxes paid, net of refunds	415		153

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

3

APA CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEET

(Unaudited)

	September 30, 2021		December 31, 2020
	(In millions, except share data)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents ($109 and $24 related to Altus VIE)	$	377	$	262
Receivables, net of allowance of $99 and $95	1,170		908
Other current assets (Note 5) ($9 and $5 related to Altus VIE)	634		676
	2,181		1,846
PROPERTY AND EQUIPMENT:
Oil and gas properties	40,428		41,819
Gathering, processing, and transmission facilities ($207 and $206 related to Altus VIE)	673		670
Other ($4 and $3 related to Altus VIE)	1,124		1,140
Less: Accumulated depreciation, depletion, and amortization ($22 and $13 related to Altus VIE)	(33,889)		(34,810)
	8,336		8,819
OTHER ASSETS:
Equity method interests (Note 6) ($1,538 and $1,555 related to Altus VIE)	1,538		1,555
Decommissioning security for sold Gulf of Mexico properties (Note 11)	740		—
Deferred charges and other ($8 and $5 related to Altus VIE)	515		526
	$	13,310	$	12,746
LIABILITIES, NONCONTROLLING INTEREST, AND EQUITY
CURRENT LIABILITIES:
Accounts payable ($9 and $6 related to Altus VIE)	$	687	$	444
Current debt	215		2
Other current liabilities (Note 7) ($15 and $4 related to Altus VIE)	937		862
	1,839		1,308
LONG-TERM DEBT (Note 9) ($657 and $624 related to Altus VIE)	7,193		8,770
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:
Income taxes	166		215
Asset retirement obligation (Note 8) ($67 and $64 related to Altus VIE)	1,912		1,888
Decommissioning contingency for sold Gulf of Mexico properties (Note 11)	1,186		—
Other ($126 and $144 related to Altus VIE)	529		602
	3,793		2,705
REDEEMABLE NONCONTROLLING INTEREST - ALTUS PREFERRED UNIT LIMITED PARTNERS (Note 12)	635		608
EQUITY (DEFICIT):
Common stock, $0.625 par, 860,000,000 shares authorized, 418,965,522 and 418,429,375 shares issued, respectively	262		262
Paid-in capital	11,686		11,735
Accumulated deficit	(9,870)		(10,461)
Treasury stock, at cost, 40,943,612 and 40,946,745 shares, respectively	(3,188)		(3,189)
Accumulated other comprehensive income	15		14
APA SHAREHOLDERS’ DEFICIT	(1,095)		(1,639)
Noncontrolling interest - Egypt	854		925
Noncontrolling interest - Altus	91		69
TOTAL EQUITY (DEFICIT)	(150)		(645)
	$	13,310	$	12,746

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

4

APA CORPORATION AND SUBSIDIARIES

STATEMENT OF CONSOLIDATED CHANGES IN EQUITY (DEFICIT) AND NONCONTROLLING INTEREST

(Unaudited)

	Redeemable Noncontrolling Interest - Altus Preferred Unit Limited Partners		Common Stock		Paid-In Capital		Accumulated Deficit		Treasury Stock		Accumulated Other Comprehensive Income		APA SHAREHOLDERS’ DEFICIT		Noncontrolling Interests		TOTAL DEFICIT
	(In millions)
For the Quarter Ended September 30, 2020
Balance at June 30, 2020	$	592	$	262	$	11,744	$	(10,467)	$	(3,189)	$	15	$	(1,635)	$	999	$	(636)
Net loss attributable to common stock	—		—		—		(4)		—		—		(4)		—		(4)
Net income attributable to noncontrolling interest - Egypt	—		—		—		—		—		—		—		24		24
Net income attributable to noncontrolling interest - Altus	—		—		—		—		—		—		—		2		2
Net income attributable to Altus Preferred Unit holders	19		—		—		—		—		—		—		—		—
Distributions payable to Altus Preferred Unit limited partners	(11)		—		—		—		—		—		—		—		—
Distributions to noncontrolling interest - Egypt	—		—		—		—		—		—		—		(21)		(21)
Common dividends declared ($0.025 per share)	—		—		(10)		—		—		—		(10)		—		(10)
Other	—		—		7		—		—		1		8		—		8
Balance at September 30, 2020	$	600	$	262	$	11,741	$	(10,471)	$	(3,189)	$	16	$	(1,641)	$	1,004	$	(637)
For the Quarter Ended September 30, 2021
Balance at June 30, 2021	$	617	$	262	$	11,704	$	(9,757)	$	(3,188)	$	15	$	(964)	$	1,040	$	76
Net loss attributable to common stock	—		—		—		(113)		—		—		(113)		—		(113)
Net income attributable to noncontrolling interest - Egypt	—		—		—		—		—		—		—		49		49
Net income attributable to noncontrolling interest - Altus	—		—		—		—		—		—		—		4		4
Net income attributable to Altus Preferred Unit limited partners	30		—		—		—		—		—		—		—		—
Distributions payable to Altus Preferred Unit limited partners	(12)		—		—		—		—		—		—		—		—
Distributions paid to Altus Preferred Unit limited partners	—		—		—		—		—		—		—		—		—
Distributions to noncontrolling interest - Egypt	—		—		—		—		—		—		—		(143)		(143)
Common dividends declared ($0.0625 per share)	—		—		(24)		—		—		—		(24)		—		(24)
Other	—		—		6		—		—		—		6		(5)		1
Balance at September 30, 2021	$	635	$	262	$	11,686	$	(9,870)	$	(3,188)	$	15	$	(1,095)	$	945	$	(150)

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

5

APA CORPORATION AND SUBSIDIARIES

STATEMENT OF CONSOLIDATED CHANGES IN EQUITY (DEFICIT) AND NONCONTROLLING INTEREST - Continued

(Unaudited)

	Redeemable Noncontrolling Interest - Altus Preferred Unit Limited Partners		Common Stock		Paid-In Capital		Accumulated Deficit		Treasury Stock		Accumulated Other Comprehensive Income		APA SHAREHOLDERS’ DEFICIT		Noncontrolling Interests		TOTAL DEFICIT
	(In millions)
For the Nine Months Ended September 30, 2020
Balance at December 31, 2019	$	555	$	261	$	11,769	$	(5,601)	$	(3,190)	$	16	$	3,255	$	1,210	$	4,465
Net loss attributable to common stock	—		—		—		(4,870)		—		—		(4,870)		—		(4,870)
Net loss attributable to noncontrolling interest - Egypt	—		—		—		—		—		—		—		(138)		(138)
Net loss attributable to noncontrolling interest - Altus	—		—		—		—		—		—		—		(7)		(7)
Net income attributable to Altus Preferred Unit holders	56		—		—		—		—		—		—		—		—
Distributions to Altus Preferred Unit limited partners	(11)		—		—		—		—		—		—		—		—
Distributions to noncontrolling interest - Egypt	—		—		—		—		—		—		—		(61)		(61)
Common dividends declared ($0.075 per share)	—		—		(29)		—		—		—		(29)		—		(29)
Other	—		1		1		—		1		—		3		—		3
Balance at September 30, 2020	$	600	$	262	$	11,741	$	(10,471)	$	(3,189)	$	16	$	(1,641)	$	1,004	$	(637)
For the Nine Months Ended September 30, 2021
Balance at December 31, 2020	$	608	$	262	$	11,735	$	(10,461)	$	(3,189)	$	14	$	(1,639)	$	994	$	(645)
Net income attributable to common stock	—		—		—		591		—		—		591		—		591
Net income attributable to noncontrolling interest - Egypt	—		—		—		—		—		—		—		132		132
Net income attributable to noncontrolling interest - Altus	—		—		—		—		—		—		—		32		32
Net income attributable to Altus Preferred Unit limited partners	73		—		—		—		—		—		—		—		—
Distributions payable to Altus Preferred Unit limited partners	(12)		—		—		—		—		—		—		—		—
Distributions paid to Altus Preferred Unit limited partners	(34)		—		—		—		—		—		—		—		—
Distributions to noncontrolling interest - Egypt	—		—		—		—		—		—		—		(203)		(203)
Common dividends declared ($0.1125 per share)	—		—		(43)		—		—		—		(43)		—		(43)
Other	—		—		(