Stock Analysis on Net

Apache Corp. (NYSE:APA)

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

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Apache Corp., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Cash and cash equivalents 1,467 769 1,906 160 295
Receivables, net of allowance 1,253 2,024 2,952 3,086 3,079
Inventories 570 708 891 908 655
Drilling advances 172 388 371 584 229
Assets held for sale 1,628
Deferred tax asset 769 134
Prepaid assets and other 290 129 112 224 545
Current assets 3,752 6,415 6,366 4,962 4,803
Property and equipment, less accumulated depreciation, depletion, and amortization 14,119 48,076 52,421 53,280 45,448
Goodwill 87 87 1,369 1,289 1,114
Deferred charges and other 884 1,374 1,481 1,206 686
Other assets 971 1,461 2,850 2,495 1,800
Noncurrent assets 15,090 49,537 55,271 55,775 47,248
Total assets 18,842 55,952 61,637 60,737 52,051

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Apache Corp. current assets increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Property and equipment, less accumulated depreciation, depletion, and amortization Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Apache Corp. property and equipment, less accumulated depreciation, depletion, and amortization decreased from 2013 to 2014 and from 2014 to 2015.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Apache Corp. noncurrent assets decreased from 2013 to 2014 and from 2014 to 2015.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Apache Corp. total assets decreased from 2013 to 2014 and from 2014 to 2015.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Apache Corp. cash and cash equivalents decreased from 2013 to 2014 but then increased from 2014 to 2015 not reaching 2013 level.
Receivables, net of allowance The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Apache Corp. receivables, net of allowance decreased from 2013 to 2014 and from 2014 to 2015.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Apache Corp. inventories decreased from 2013 to 2014 and from 2014 to 2015.