Income Statement

The income statement presents information on the financial results of a company 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.

Anadarko Petroleum Corp., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Oil sales	4,668)	5,420)	9,748)	9,178)	8,728)
Natural-gas sales	1,564)	2,007)	3,849)	3,388)	2,444)
Natural-gas liquids sales	921)	833)	1,572)	1,262)	1,224)
Gathering, processing and marketing sales	1,294)	1,226)	1,206)	1,039)	911)
Sales revenues	8,447)	9,486)	16,375)	14,867)	13,307)
Oil and gas operating	(811)	(1,014)	(1,171)	(1,092)	(976)
Oil and gas transportation	(1,002)	(1,117)	(1,116)	(981)	(955)
Gathering, processing and marketing	(1,087)	(1,054)	(1,030)	(869)	(763)
Cost of sales revenues	(2,900)	(3,185)	(3,317)	(2,942)	(2,694)
Gross profit	5,547)	6,301)	13,058)	11,925)	10,613)
Gains (losses) on divestitures and other, net	(578)	(788)	2,095)	(286)	104)
Exploration	(946)	(2,644)	(1,639)	(1,329)	(1,946)
General and administrative	(1,440)	(1,176)	(1,316)	(1,090)	(1,246)
Depreciation, depletion, and amortization	(4,301)	(4,603)	(4,550)	(3,927)	(3,964)
Production, property, and other taxes	(536)	(553)	(1,244)	(1,077)	(1,224)
Impairments	(227)	(5,075)	(836)	(794)	(389)
Other operating expense	(118)	(271)	(165)	(89)	1,779)
Operating income (loss)	(2,599)	(8,809)	5,403)	3,333)	3,727)
Interest expense	(890)	(825)	(772)	(686)	(742)
Loss on early extinguishment of debt	(155)	—)	—)	—)	—)
Gains (losses) on derivatives, net	(286)	99)	(197)	398)	326)
Other income (expense), net	101)	(149)	(20)	(89)	4)
Tronox-related contingent loss	—)	(5)	(4,360)	(850)	250)
Other income (expense)	(1,230)	(880)	(5,349)	(1,227)	(162)
Income (loss) before income taxes	(3,829)	(9,689)	54)	2,106)	3,565)
Income tax (expense) benefit	1,021)	2,877)	(1,617)	(1,165)	(1,120)
Net income (loss)	(2,808)	(6,812)	(1,563)	941)	2,445)
Net (income) loss attributable to noncontrolling interests	(263)	120)	(187)	(140)	(54)
Net income (loss) attributable to common stockholders	(3,071)	(6,692)	(1,750)	801)	2,391)

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

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Income statement item	Description	The company
Sales revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Anadarko Petroleum Corp. sales revenues decreased from 2014 to 2015 and from 2015 to 2016.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Anadarko Petroleum Corp. operating income (loss) decreased from 2014 to 2015 but then slightly increased from 2015 to 2016.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Anadarko Petroleum Corp. income (loss) before income taxes decreased from 2014 to 2015 but then increased from 2015 to 2016 not reaching 2014 level.
Net income (loss) attributable to common stockholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Anadarko Petroleum Corp. net income (loss) attributable to common stockholders decreased from 2014 to 2015 but then increased from 2015 to 2016 not reaching 2014 level.

Anadarko Petroleum Corp. (NYSE:APC)

Income Statement