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: Liabilities and Stockholders’ Equity

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Apache Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Accounts payable
Derivative instruments
Accrued operating expenses
Accrued exploration and development
Accrued compensation and benefits
Accrued interest
Accrued income taxes
Current asset retirement obligation
Current debt
Other
Other current liabilities
Current liabilities
Long-term debt, excluding current maturities
Income taxes
Asset retirement obligation
Other
Deferred credits and other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Preferred stock, no par value, 6% Cumulative Mandatory Convertible, Series D, $1,000 per share liquidation preference
Common stock, $0.625 par
Paid-in capital
Retained earnings (accumulated deficit)
Treasury stock, at cost
Accumulated other comprehensive loss
Total Apache shareholders’ equity
Noncontrolling interest
Total equity
Total liabilities and equity

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).

Accounts Payable
The proportion of accounts payable to total liabilities and equity exhibited a fluctuating pattern, initially decreasing from 2.01% in 2011 to 1.8% in 2012, then rising to 2.62% in 2013, falling again in 2014, and peaking at 3.28% in 2015, suggesting variability in short-term payment obligations relative to total financing.
Derivative Instruments
Exposure to derivative instruments remained relatively low and stable around 0.2% from 2011 to 2013, with missing data in subsequent years limiting further analysis.
Accrued Operating Expenses
There was a gradual decline in accrued operating expenses as a percentage of total liabilities and equity from 0.42% in 2011 to 0.29% in 2014, followed by an increase to 0.74% in 2015, indicating variability in short-term operational cost accruals.
Accrued Exploration and Development
This metric showed moderate fluctuations, increasing from 2.75% in 2011 to 3.38% in 2015, with a dip in 2013, reflecting changes in resource development activities impacting liabilities and equity composition.
Accrued Compensation and Benefits
The proportion increased from 0.35% in 2011 to 0.88% in 2015, suggesting a consistent upward trend in accrued employee-related expenses relative to total financing.
Accrued Interest
Accrued interest remained stable at around 0.26% until 2014, then saw a notable increase to 0.76% in 2015, possibly indicating higher borrowing costs or debt levels.
Accrued Income Taxes
A clear declining trend was observed from 1.02% in 2011 to 0.10% in 2014, with a slight recovery to 0.25% in 2015, pointing to changes in tax liabilities relative to company financing over the period.
Current Asset Retirement Obligation
This obligation decreased sharply from 0.86% in 2011 to 0.07% in 2014, with a small increase to 0.19% in 2015, indicating a reduction in short-term liabilities associated with asset retirement costs.
Current Debt
Current debt showed instability, peaking at 1.63% in 2012, dropping significantly to 0.09% in 2013, disappearing in 2014, and almost negligible at 0.01% in 2015, reflecting changes in short-term financing strategy.
Other Current Liabilities
These liabilities decreased from 7.3% in 2011 to a low of 4.39% in 2014, then increased again to 6.49% in 2015, indicating variability in other short-term obligations.
Current Liabilities (Overall)
The total current liabilities as a percentage of total liabilities and equity trended downward from 9.53% in 2011 to 6.55% in 2014 before rising back to 9.77% in 2015, showing cyclic changes in short-term liability structure.
Long-term Debt (Excluding Current Maturities)
Long-term debt showed a significant upward trend, rising from 13.04% in 2011 to a substantial 46.58% in 2015, with some fluctuations between years. This indicates an increasing reliance on long-term borrowing over the time frame.
Income Taxes (Long-term)
The portion of income taxes within total liabilities and equity was relatively stable from 2011 to 2013 around 13-14%, increased to 16.98% in 2014, then sharply fell to 5.69% in 2015, signaling notable changes in tax-related long-term obligations.
Asset Retirement Obligation (Long-term)
There was a decline from 6.61% in 2011 to around 5% in 2013 and 2014, followed by a notable increase to 13.6% in 2015, suggesting increased recognition of long-term retirement obligations during the final year.
Deferred Credits and Other Noncurrent Liabilities
This category remained relatively stable around 20-23% across the period, indicating a consistent level of deferred liabilities and similar obligations relative to total financing.
Noncurrent Liabilities (Overall)
Noncurrent liabilities showed an increasing trend from 34.76% in 2011 to a high of 67.79% in 2015, reflecting a growing proportion of long-term obligations within the capital structure.
Total Liabilities
The total liabilities increased steadily from 44.3% in 2011 to 77.56% in 2015, indicating that the company’s leverage rose considerably over this period.
Common Stock
The share of common stock in total liabilities and equity remained low but increased from 0.46% in 2011 to 1.36% in 2015, reflecting possible equity issuances or changes in share capital structure.
Paid-in Capital
Paid-in capital exhibited growth from 17.42% in 2011 to 66.17% in 2015, signifying a notable increase in capital contributions or equity injections over time.
Retained Earnings (Accumulated Deficit)
This line showed a decreasing trend overall, starting at 35.54% in 2011, remaining relatively steady through 2013, then declining to a negative 37.96% in 2015. This shift to a deficit indicates deteriorating accumulated profits or losses.
Treasury Stock
The amount attributable to treasury stock became increasingly negative, moving from -0.06% in 2011 to -15.33% in 2015, indicating growing stock repurchases or reductions in equity capital.
Accumulated Other Comprehensive Loss
Minor fluctuations occurred here with a gradual increase in losses from -0.02% in 2011 to -0.62% in 2015, implying some accumulated losses outside retained earnings impacting equity.
Total Apache Shareholders’ Equity
Shareholders’ equity as a percentage of total liabilities and equity declined substantially from 55.7% in 2011 to 13.62% in 2015, primarily due to the decline in retained earnings and the increase in liabilities.
Noncontrolling Interest
Noncontrolling interest appeared from 2013 onwards, growing from 3.24% in 2013 to 8.82% in 2015, indicating increasing ownership by minority stakeholders.
Total Equity
Total equity mirrored the decline in shareholders’ equity, reducing from 55.7% in 2011 to 22.44% in 2015, reflecting the overall weakening of the equity base relative to liabilities.
Overall Capital Structure
There was a marked shift from an equity-dominant capital structure in 2011 toward increased leverage by 2015, as evidenced by the rise in total liabilities from 44.3% to 77.56%, and the corresponding decline in equity from 55.7% to 22.44%, highlighting a significant increase in financial risk and reliance on debt financing.