Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Aggregate Accruals
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Apache Corp., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
- Net income (loss) including noncontrolling interest
- The net income showed a fluctuating trend with strong profits from 2011 through mid-2014. Starting in late 2014, the company experienced significant and sustained net losses through mid-2016, with the lowest points in 2015 and early 2016.
- Loss from discontinued operations
- Losses related to discontinued operations were negligible or not reported until early 2014 when a small loss appeared, followed by a spike in mid-2014. Activity in this category was sporadic with varying amounts, including occasional gains and losses.
- Depreciation, depletion, and amortization (DD&A)
- DD&A expenses generally increased over time, with a noticeable jump from 2011 to 2015, peaking dramatically in late 2015. This increase may reflect higher asset base or accelerated expense recognition during this period. A steep decline in DD&A is evident in 2016.
- Asset retirement obligation accretion
- This expense remained relatively stable over the entire period, with minor fluctuations around mid-size values ranging between 30 and 65 million USD, showing consistent recognition of retirement costs.
- Impairments
- Reported impairments appeared mostly from 2013 onwards, with extremely high expenses recognized in 2014 and again sizable amounts in 2015. This suggests write-downs or asset devaluations during times of financial stress or changes in asset valuation estimates.
- Provision for deferred income taxes
- The provision showed considerable volatility, with positive values in earlier years indicating tax expense but turning negative from mid-2014 onwards, reflecting income tax benefits likely linked to losses and impairment charges recognized.
- Changes in operating assets and liabilities
- These changes had no clear pattern but included significant negative and positive swings, which likely contributed to cash flow volatility from operations.
- Net cash provided by operating activities
- Operating cash flow was positive throughout the period but showed a peak in 2011 and 2013, followed by a sharp decline in 2015 and continued weakness into 2016, reflecting operational challenges amid net losses and impairments.
- Additions to oil and gas property
- Capital expenditures on oil and gas properties remained substantial and consistently high until 2014, with a notable reduction starting in 2015, potentially indicating budget cuts or scaling back of investments in response to market conditions.
- Other investing activities
- Investing activities, including acquisitions, divestitures, and sale of assets, were irregular. Significant inflows appeared sporadically, especially 2013 and mid-2014, probably reflecting strategic asset sales. Overall, net cash used in investing activities remained negative, indicating ongoing capital deployment.
- Net cash used in investing activities
- Investing cash outflows were large and persistent except for a temporary positive spike in late 2013 related to divestitures, reflecting heavy capital investments coupled with some asset disposals.
- Financing activities
- Financing cash flows were volatile. The company engaged in debt borrowings and repayments, with major fixed-rate debt issuances in 2012 and debt payments occurring irregularly in subsequent periods. Dividends were steady but modest. There were occasional large inflows related to sales of noncontrolling interests and borrowings but overall, financing activities reflect attempts to manage capital structure amid operational challenges.
- Net increase (decrease) in cash and cash equivalents
- Cash balances fluctuated, generally positive in early periods, with large negative swings during 2014-2015 as losses and capital expenditures increased. Some recovery in cash was noted late 2015 and in 2016, though volatility remained elevated.