Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2015

Supplemental Condensed Consolidating Statement of Operations

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Quarter Ended March 31, 2015


							All Other
				Apache			Subsidiaries
	Apache			Finance			of Apache			Reclassifications
	Corporation			Canada			Corporation			& Eliminations		Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	365		$	—		$	1,441		$	—	$	1,806
Equity in net income (loss) of affiliates		(1,085	)		(654	)		1			1,738		—
Other		(40	)		14			38			—		12

		(760	)		(640	)		1,480			1,738		1,818

OPERATING EXPENSES:
Depreciation, depletion and amortization		5,499			—			2,908			—		8,407
Asset retirement obligation accretion		4			—			40			—		44
Lease operating expenses		124			—			414			—		538
Gathering and transportation		9			—			47			—		56
Taxes other than income		34			—			50			—		84
General and administrative		64			—			15			—		79
Acquisition, divestiture, and separation costs		54			—			—			—		54
Financing costs, net		52			10			(16	)		—		46

		5,840			10			3,458			—		9,308

NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(6,600	)		(650	)		(1,978	)		1,738		(7,490	)
Provision (benefit) for income taxes		(1,949	)		3			(908	)		—		(2,854	)

NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST		(4,651	)		(653	)		(1,070	)		1,738		(4,636	)
Net income (loss) from discontinued operations, net of tax		—			—			—			—		—

NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST		(4,651	)		(653	)		(1,070	)		1,738		(4,636	)
Net income attributable to noncontrolling interest		—			—			15			—		15

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	(4,651	)	$	(653	)	$	(1,085	)	$	1,738	$	(4,651	)

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK ⁽¹⁾	$	(4,651	)	$	(653	)	$	(1,085	)	$	1,738	$	(4,651	)

⁽¹⁾	Comprehensive income (loss) activity is recorded on the Apache Corporation entity and consists of derivative instrument reclassifications and changes in fair value as reflected on our Statement of Consolidated Comprehensive Income.


						All Other
				Apache		Subsidiaries
	Apache			Finance		of Apache			Reclassifications
	Corporation			Canada		Corporation			& Eliminations			Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	892		$	—	$	2,755		$	—		$	3,647
Equity in net income (loss) of affiliates		253			29		(6	)		(276	)		—
Other		(23	)		14		38			(1	)		28

		1,122			43		2,787			(277	)		3,675

OPERATING EXPENSES:
Depreciation, depletion and amortization		328			—		878			—			1,206
Asset retirement obligation accretion		7			—		37			—			44
Lease operating expenses		128			—		469			—			597
Gathering and transportation		14			—		56			—			70
Taxes other than income		79			—		102			—			181
General and administrative		91			—		13			(1	)		103
Acquisition, divestiture, and separation costs		18			—		—			—			18
Financing costs, net		32			10		(15	)		—			27

		697			10		1,540			(1	)		2,246

NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		425			33		1,247			(276	)		1,429
Provision for income taxes		62			10		506			—			578

NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST		363			23		741			(276	)		851
Net loss from discontinued operations, net of tax		(127	)		—		(390	)		—			(517	)

NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST		236			23		351			(276	)		334
Net income attributable to noncontrolling interest		—			—		98			—			98

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	236		$	23	$	253		$	(276	)	$	236

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK ⁽¹⁾	$	235		$	23	$	253		$	(276	)	$	235

⁽¹⁾	Comprehensive income (loss) activity is recorded on the Apache Corporation entity and consists of derivative instrument reclassifications and changes in fair value as reflected on our Statement of Consolidated Comprehensive Income.

Supplemental Condensed Consolidating Statement of Cash Flows

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Quarter Ended March 31, 2015


							All Other
				Apache			Subsidiaries
	Apache			Finance			of Apache			Reclassifications
	Corporation			Canada			Corporation			& Eliminations			Consolidated
	(In millions)
CASH PROVIDED BY (USED IN) CONTINUING OPERATING ACTIVITIES	$	(396	)	$	(3	)	$	1,049		$	—		$	650
CASH PROVIDED BY DISCONTINUED OPERATIONS		—			—			—			—			—

CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		(396	)		(3	)		1,049			—			650
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property		(771	)		—			(997	)		—			(1,768	)
Leasehold and property acquisition		(92	)		—			—			—			(92	)
Additions to gas gathering, transmission and processing facilities		(22	)		—			(201	)		—			(223	)
Investment in subsidiaries, net		105			—			—			(105	)		—
Other		(18	)		—			(17	)		—			(35	)

NET CASH PROVIDED BY (USED IN) CONTINUING INVESTING ACTIVITIES		(798	)		—			(1,215	)		(105	)		(2,118	)
NET CASH PROVIDED BY DISCONTINUED OPERATIONS		—			—			—			—			—

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		(798	)		—			(1,215	)		(105	)		(2,118	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Commercial paper and bank credit facilities, net		1,028			—			—			—			1,028
Intercompany borrowings		—			(1	)		(104	)		105			—
Distributions to noncontrolling interest		—			—			(21	)		—			(21	)
Dividends paid		(94	)		—			—			—			(94	)
Common stock activity		—			4			(4	)		—			—
Other		2			—			13			—			15

NET CASH PROVIDED BY (USED IN) CONTINUING FINANCING ACTIVITIES		936			3			(116	)		105			928
NET CASH USED IN DISCONTINUED OPERATIONS		—			—			—			—			—

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		936			3			(116	)		105			928
NET DECREASE IN CASH AND CASH EQUIVALENTS		(258	)		—			(282	)		—			(540	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		267			—			502			—			769

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	9		$	—		$	220		$	—		$	229

CASH PROVIDED BY (USED IN) CONTINUING OPERATING ACTIVITIES	$	(186	)	$	(15	)	$	2,412		$	—		$	2,211
CASH PROVIDED BY DISCONTINUED OPERATIONS		—			—			82			—			82

CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		(186	)		(15	)		2,494			—			2,293
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property		(704	)		—			(1,614	)		—			(2,318	)
Leasehold and property acquisitions		(36	)		—			(8	)		—			(44	)
Additions to gas gathering, transmission and processing facilities		(19	)		—			(325	)		—			(344	)
Investment in subsidiaries, net		1,320			—			—			(1,320	)		—
Other		(7	)		—			16			—			9

NET CASH PROVIDED BY (USED IN) CONTINUING INVESTING ACTIVITIES		554			—			(1,931	)		(1,320	)		(2,697	)
NET CASH PROVIDED BY DISCONTINUED OPERATIONS		—			—			748			—			748

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		554			—			(1,183	)		(1,320	)		(1,949	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Commercial paper and bank credit facilities, net		42			—			(44	)		—			(2	)
Intercompany borrowings		—			10			(1,329	)		1,319			—
Dividends paid		(79	)		—			—			—			(79	)
Payments on fixed rate debt		(484	)		—			—			—			(484	)
Other common stock activity, net		—			5			(6	)		1			—

NET CASH PROVIDED BY (USED IN) CONTINUING FINANCING ACTIVITIES		(521	)		15			(1,379	)		1,320			(565	)
NET CASH USED IN DISCONTINUED OPERATIONS		—			—			(42	)		—			(42	)

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(521	)		15			(1,421	)		1,320			(607	)
NET DECREASE IN CASH AND CASH EQUIVALENTS		(153	)		—			(110	)		—			(263	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		155			3			1,748			—			1,906

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	2		$	3		$	1,638		$	—		$	1,643

Supplemental Condensed Consolidating Balance Sheet

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2015


					All Other
			Apache		Subsidiaries
	Apache		Finance		of Apache			Reclassifications
	Corporation		Canada		Corporation			& Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	9	$	—	$	220		$	—		$	229
Receivables, net of allowance		512		—		1,255			—			1,767
Inventories		53		—		613			—			666
Drilling advances		20		—		448			—			468
Assets held for sale		—		—		1,804			—			1,804
Deferred tax asset		612		—		157			—			769
Prepaid assets and other		114		—		89			—			203
Intercompany receivable		5,250		—		—			(5,250	)		—

		6,570		—		4,586			(5,250	)		5,906

PROPERTY AND EQUIPMENT, NET		9,127		—		32,103			—			41,230

OTHER ASSETS:
Intercompany receivable		—		—		713			(713	)		—
Equity in affiliates		24,707		213		437			(25,357	)		—
Goodwill		—		—		87			—			87
Deferred charges and other		173		1,001		1,253			(1,000	)		1,427

	$	40,577	$	1,214	$	39,179		$	(32,320	)	$	48,650

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	564	$	9	$	437		$	—		$	1,010
Current debt		2,598		—		—			—			2,598
Asset retirement obligation		28		—		19			—			47
Other current liabilities		663		7		1,168			—			1,838
Intercompany payable		—		—		5,250			(5,250	)		—

		3,853		16		6,874			(5,250	)		5,493

LONG-TERM DEBT		9,377		298		—			—			9,675

DEFERRED CREDITS AND OTHER
NONCURRENT LIABILITIES:
Intercompany payable		713		—		—			(713	)		—
Income taxes		3,220		—		3,391			—			6,611
Asset retirement obligation		216		—		2,878			—			3,094
Other		1,987		250		(865	)		(1,000	)		372

		6,136		250		5,404			(1,713	)		10,077

COMMITMENTS AND CONTINGENCIES
APACHE SHAREHOLDERS’ EQUITY		21,211		650		24,707			(25,357	)		21,211
Noncontrolling interest		—		—		2,194			—			2,194

TOTAL EQUITY		21,211		650		26,901			(25,357	)		23,405

	$	40,577	$	1,214	$	39,179		$	(32,320	)	$	48,650

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2014


					All Other
			Apache		Subsidiaries
	Apache		Finance		of Apache			Reclassifications
	Corporation		Canada		Corporation			& Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	267	$	—	$	502		$	—		$	769
Receivables, net of allowance		837		—		1,187			—			2,024
Inventories		24		—		684			—			708
Drilling advances		34		1		353			—			388
Assets held for sale		—		—		1,628			—			1,628
Deferred tax asset		612		—		157			—			769
Prepaid assets and other		32		—		97			—			129
Intercompany receivable		4,939		—		—			(4,939	)		—

		6,745		1		4,608			(4,939	)		6,415

PROPERTY AND EQUIPMENT, NET		13,940		—		34,136			—			48,076

OTHER ASSETS:
Intercompany receivable		—		—		608			(608	)		—
Equity in affiliates		25,791		869		444			(27,104	)		—
Goodwill		—		—		87			—			87
Deferred charges and other		175		1,002		1,197			(1,000	)		1,374

	$	46,651	$	1,872	$	41,080		$	(33,651	)	$	55,952

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	748	$	10	$	452		$	—		$	1,210
Asset retirement obligation		28		—		9			—			37
Other current liabilities		1,014		1		1,402			—			2,417
Intercompany payable		—		—		4,939			(4,939	)		—

		1,790		11		6,802			(4,939	)		3,664

LONG-TERM DEBT		10,947		298		—			—			11,245

DEFERRED CREDITS AND OTHER
NONCURRENT LIABILITIES:
Intercompany payable		608		—		—			(608	)		—
Income taxes		5,076		—		4,423			—			9,499
Asset retirement obligation		211		—		2,837			—			3,048
Other		2,082		250		(973	)		(1,000	)		359

		7,977		250		6,287			(1,608	)		12,906

COMMITMENTS AND CONTINGENCIES
APACHE SHAREHOLDERS’ EQUITY		25,937		1,313		25,791			(27,104	)		25,937
Noncontrolling interest		—		—		2,200			—			2,200

TOTAL EQUITY		25,937		1,313		27,991			(27,104	)		28,137

	$	46,651	$	1,872	$	41,080		$	(33,651	)	$	55,952