SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Error Corrections and Prior Period Adjustments

The impacts of this adjustment in fiscal year 2020, as presented in the accompanying financial statements, are as follows:

Statement of Consolidated Operations:


	Three Months Ended March 31, 2020
	As Reported		Change(1)		As Revised

	(In thousands)
Income from equity method interests, net	$	16,298	$	(456)	$	15,842
Warrants valuation adjustment	—		1,877		1,877
Total other income (loss)	(45,867)		1,421		(44,446)
Net income (loss) before income taxes	(27,488)		1,421		(26,067)
Net income (loss) including noncontrolling interests	(26,792)		1,421		(25,371)
Net income (loss) attributable to common shareholders	(45,054)		1,421		(43,633)
Net income (loss) attributable to Apache limited partner	(35,201)		(351)		(35,552)
Net income (loss) attributable to Class A common shareholders	(9,853)		1,772		(8,081)

Net Income (Loss) Attributable To Class A Common Shareholders, Per Share
Basic	$	(2.63)	$	0.47	$	(2.16)
Diluted	$	(2.77)	$	0.08	$	(2.69)

(1)All changes related to Income from equity method interests, net above relate to an immaterial prior period adjustment unrelated to the SEC Staff Statement.

Statement of Consolidated Comprehensive Income (Loss):


	Three Months Ended March 31, 2020
	As Reported		Change(1)		As Revised

	(In thousands)
Net income (loss) including noncontrolling interests	$	(26,792)	$	1,421	$	(25,371)
Comprehensive income (loss) including noncontrolling interests	(27,976)		1,421		(26,555)
Comprehensive income (loss) attributable to Apache limited partner	(36,112)		(351)		(36,463)
Comprehensive income (loss) attributable to Class A Common Shareholders	(10,126)		1,772		(8,354)

(1)All changes related to Income from equity method interests, net relate to an immaterial prior period adjustment unrelated to the SEC Staff Statement.

Consolidated Balance Sheet:


	December 31, 2020
	As Reported		Change		As Revised

	(In thousands)
Other non-current liabilities	$	5,539	$	885	$	6,424
Total liabilities	862,593		885		863,478
Additional paid-in-capital	144,716		(22,494)		122,222
Accumulated equity (deficit)	(391,042)		21,609		(369,433)

Statement of Consolidated Cash Flows:


	Three Months Ended March 31, 2020
	As Reported		Change(1)		As Revised

	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITY:
Net income (loss) including noncontrolling interests	$	(26,792)	$	1,421	$	(25,371)
Income from equity method interests, net	(16,298)		456		(15,842)
Warrants valuation adjustment	—		(1,877)		(1,877)
Net Cash Provided by Operating Activities	51,538		—		51,538

(1)All changes related to Income from equity method interests, net above relate to an immaterial prior period adjustment unrelated to the SEC Staff Statement.