Stock Analysis on Net
Stock Analysis on Net

Apache Corp. (NYSE:APA)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 4, 2016.

Common-Size Balance Sheet: Assets

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Apache Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Cash and cash equivalents
Receivables, net of allowance
Inventories
Drilling advances
Assets held for sale
Deferred tax asset
Prepaid assets and other
Current assets
Property and equipment, less accumulated depreciation, depletion, and amortization
Goodwill
Deferred charges and other
Other assets
Noncurrent assets
Total assets

Based on: 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), 10-K (reporting date: 2011-12-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets demonstrates a fluctuating pattern over the analyzed period. Starting at a low level of 0.57% in 2011, it declined further to 0.26% in 2012, before rising significantly to 3.09% in 2013. The ratio then decreased to 1.37% in 2014 but increased sharply to 7.79% in 2015, indicating a substantial improvement in liquidity by the end of the period.
Receivables, Net of Allowance
This category showed a general downward trend from 5.92% in 2011 to a low of 3.62% in 2014, followed by a rebound to 6.65% in 2015. This pattern suggests some variability in the collection cycle or changes in credit policy effectiveness during the period.
Inventories
Inventories as a percentage of total assets remained relatively stable around 1.2% to 1.5% from 2011 through 2014, before more than doubling to 3.03% in 2015. This increase may reflect changes in operational strategy, stockpiling, or supply chain adjustments in the final year.
Drilling Advances
The share of drilling advances grew from 0.44% in 2011 to a peak of 0.96% in 2012, declined to 0.60% in 2013, and then displayed a moderate increase to 0.91% by 2015. This suggests fluctuations in prepaid drilling expenditures or operational drilling activities.
Assets Held for Sale
Data is available only for 2014, where assets held for sale represented 2.91% of total assets. The absence of values in other years limits trend analysis but indicates a possible strategic divestiture or restructuring event in 2014.
Deferred Tax Asset
Deferred tax assets emerged modestly in 2013 at 0.22%, increased significantly to 1.37% in 2014, and then became unreported in 2015. This suggests recognition of deferred tax benefits during the mid-period with unclear continuation thereafter.
Prepaid Assets and Other
This category declined sharply from 1.05% in 2011 to 0.18% in 2013, followed by a slight recovery to 0.23% in 2014, and a notable rise to 1.54% in 2015. The fluctuations may denote changing patterns in prepayments or other current asset management.
Current Assets
Current assets as a percentage of total assets experienced a dip from 9.23% in 2011 to 8.17% in 2012, then increased steadily to reach 19.91% by 2015. This significant increase largely reflects higher cash levels and inventories, indicating strengthened liquidity and current asset base.
Property and Equipment, Net
Property and equipment constituted the majority of total assets throughout, maintaining a high but declining proportion from 87.31% in 2011 down to 74.93% in 2015. This decline suggests asset disposals, impairments, or slower capital expenditures relative to total asset growth.
Goodwill
Goodwill remained relatively stable near 2.1% for the first three years but dropped sharply to 0.16% in 2014, with a slight recovery to 0.46% in 2015. This reduction may indicate impairment charges or divestiture of goodwill-bearing business units.
Deferred Charges and Other
There was a consistent increase in deferred charges and other assets from 1.32% in 2011 to 4.69% in 2015, reflecting possibly increased capitalized costs or other long-term asset components.
Other Assets
Other assets grew moderately from 3.46% in 2011 to 5.15% in 2015, with some variability, including a drop to 2.61% in 2014. This indicates a generally increasing but somewhat unstable composition of miscellaneous assets.
Noncurrent Assets
Noncurrent assets consistently represented the majority of total assets, although their proportion declined from 90.77% in 2011 to 80.09% in 2015. This trend aligns with the increasing share of current assets and may suggest rebalancing toward more liquid asset structures over time.
Total Assets
Total assets are normalized to 100% for each period, providing the basis for relative analyses.