Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Accounts payable	618)	1,210)	1,616)	1,092)	1,048)
Derivative instruments	—)	—)	299)	116)	113)
Accrued operating expenses	139)	163)	190)	211)	221)
Accrued exploration and development	637)	1,606)	1,582)	1,792)	1,430)
Accrued compensation and benefits	166)	204)	242)	198)	180)
Accrued interest	144)	160)	161)	160)	135)
Accrued income taxes	47)	54)	248)	297)	533)
Current asset retirement obligation	36)	37)	121)	478)	447)
Current debt	1)	—)	53)	990)	431)
Other	53)	230)	188)	202)	425)
Other current liabilities	1,223)	2,454)	2,785)	4,328)	3,802)
Current liabilities	1,841)	3,664)	4,700)	5,536)	4,963)
Long-term debt, excluding current maturities	8,777)	11,245)	9,672)	11,355)	6,785)
Income taxes	1,072)	9,499)	8,364)	8,024)	7,197)
Asset retirement obligation	2,562)	3,048)	3,101)	4,100)	3,440)
Other	362)	359)	407)	391)	673)
Deferred credits and other noncurrent liabilities	3,996)	12,906)	11,872)	12,515)	11,310)
Noncurrent liabilities	12,773)	24,151)	21,544)	23,870)	18,095)
Total liabilities	14,614)	27,815)	26,244)	29,406)	23,058)
Preferred stock, no par value, 6% Cumulative Mandatory Convertible, Series D, $1,000 per share liquidation preference	—)	—)	—)	1,227)	1,227)
Common stock, $0.625 par	257)	256)	255)	245)	241)
Paid-in capital	12,467)	12,438)	12,251)	9,859)	9,066)
Retained earnings (accumulated deficit)	(7,153)	16,249)	22,032)	20,161)	18,500)
Treasury stock, at cost	(2,889)	(2,890)	(1,027)	(30)	(32)
Accumulated other comprehensive loss	(116)	(116)	(115)	(131)	(9)
Total Apache shareholders’ equity	2,566)	25,937)	33,396)	31,331)	28,993)
Noncontrolling interest	1,662)	2,200)	1,997)	—)	—)
Total equity	4,228)	28,137)	35,393)	31,331)	28,993)
Total liabilities and equity	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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Apache Corp. current liabilities decreased from 2013 to 2014 and from 2014 to 2015.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Apache Corp. noncurrent liabilities increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Apache Corp. total liabilities increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Total Apache shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Apache Corp. total Apache shareholders’ equity decreased from 2013 to 2014 and from 2014 to 2015.

Apache Corp. (NYSE:APA)

Balance Sheet: Liabilities and Stockholders’ Equity