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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Apache Corp., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Oil and gas production revenues | |
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Other | |
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Revenues and other | |
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Recurring depreciation, depletion and amortization | |
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Additional depreciation, depletion and amortization | |
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Asset retirement obligation accretion | |
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Lease operating expenses | |
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Gathering and transportation | |
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Taxes other than income | |
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General and administrative | |
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Merger, acquisitions & transition | |
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Income before financing costs and income taxes | |
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Interest expense, net of capitalized interest | |
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Amortization of deferred loan costs | |
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Interest income | |
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Financing costs, net | |
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Income before income taxes | |
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Income tax provision | |
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Net income (loss) | |
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Preferred stock dividends | |
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Income (loss) attributable to common stock | |
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| Item | Description | The company |
|---|---|---|
| Oil and gas production revenues | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Apache Corp.'s oil and gas production revenues increased from 2009 to 2010 and from 2010 to 2011. |
| Income before financing costs and income taxes | The net result for the period of deducting operating expenses from operating revenues. | Apache Corp.'s income before financing costs and income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Income before income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Apache Corp.'s income before income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Net income (loss) | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Apache Corp.'s net income (loss) increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012