Name: Apache Corp. (NYSE:APA) | Balance Sheet: Assets
Creator: Stock Analysis on Net

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.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

Apache Corp., consolidated balance sheet: assets

US$ in millions

	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).

Total assets experienced a growth phase between 2011 and 2013, reaching a peak of 61,637 million US dollars, before undergoing a severe contraction that resulted in a total asset balance of 18,842 million US dollars by December 31, 2015.

Noncurrent Asset Devaluation and Divestment: The most significant trend is the precipitous decline in noncurrent assets, which fell from 55,775 million US dollars in 2012 to 15,090 million US dollars in 2015. This was driven primarily by the collapse of property and equipment, less accumulated depreciation, depletion, and amortization, which plummeted from a high of 53,280 million US dollars in 2012 to 14,119 million US dollars in 2015. Additionally, goodwill was nearly eliminated, dropping from 1,369 million US dollars in 2013 to 87 million US dollars in 2014, indicating substantial asset impairments or the sale of business units.
Liquidity and Working Capital Volatility: Current assets reached a peak of 6,415 million US dollars in 2014 before dropping sharply to 3,752 million US dollars in 2015. A consistent downward trend is observed in receivables, which declined from 3,079 million US dollars in 2011 to 1,253 million US dollars in 2015. Cash and cash equivalents showed high volatility, peaking at 1,906 million US dollars in 2013 and ending the period at 1,467 million US dollars in 2015.
Operational Asset Trends: Inventories and drilling advances both followed a general downward trajectory after initial peaks in 2012 and 2013. Inventories decreased from 908 million US dollars in 2012 to 570 million US dollars in 2015, while drilling advances fell from 584 million US dollars in 2012 to 172 million US dollars in 2015. The emergence of 1,628 million US dollars in assets held for sale in 2014 reinforces the observation of a strategic reduction in the company's asset base.

AI Ask an analyst for more

My previous chats

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.

How can I help you?