SUPPLEMENTAL GUARANTOR INFORMATION (Tables)

6 Months Ended

Jun. 30, 2013

Supplemental Condensed Consolidating Statement of Operations

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Quarter Ended June 30, 2013


	Apache Corporation		Apache Finance Canada			All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations			Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	1,255	$	—		$	2,864	$	—		$	4,119
Equity in net income (loss) of affiliates		718		(6	)		2		(714	)		—
Derivative instrument gains (losses), net		247		—			—		—			247
Other		3		15			—		(1	)		17

		2,223		9			2,866		(715	)		4,383

OPERATING EXPENSES:
Depreciation, depletion and amortization		470		—			934		—			1,404
Asset retirement obligation accretion		20		—			45		—			65
Lease operating expenses		267		—			562		—			829
Gathering and transportation		17		—			63		—			80
Taxes other than income		57		—			126		—			183
General and administrative		102		—			32		(1	)		133
Financing costs, net		34		14			3		—			51

		967		14			1,765		(1	)		2,745

INCOME (LOSS) BEFORE INCOME TAXES		1,256		(5	)		1,101		(714	)		1,638
Provision (benefit) for income taxes		221		(1	)		383		—			603

NET INCOME (LOSS)		1,035		(4	)		718		(714	)		1,035
Preferred stock dividends		19		—			—		—			19

INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	1,016	$	(4	)	$	718	$	(714	)	$	1,016

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK ⁽¹⁾	$	1,031	$	(4	)	$	718	$	(714	)	$	1,031

⁽¹⁾	Comprehensive income (loss) activity is recorded on the Apache Corporation entity and consists of derivative instrument reclassifications and changes in fair value as reflected on our Statement of Consolidated Comprehensive Income.

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Quarter Ended June 30, 2012


	Apache Corporation		Apache Finance Canada			All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations			Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	982	$	—		$	2,974	$	—		$	3,956
Equity in net income (loss) of affiliates		217		(227	)		59		(49	)		—
Other		—		17			—		(1	)		16

		1,199		(210	)		3,033		(50	)		3,972

OPERATING EXPENSES:
Depreciation, depletion and amortization		356		—			1,576		—			1,932
Asset retirement obligation accretion		18		—			39		—			57
Lease operating expenses		216		—			488		—			704
Gathering and transportation		11		—			61		—			72
Taxes other than income		44		—			159		—			203
General and administrative		102		—			31		(1	)		132
Merger, acquisitions & transition		14		—			2		—			16
Financing costs, net		7		14			24		—			45

		768		14			2,380		(1	)		3,161

INCOME (LOSS) BEFORE INCOME TAXES		431		(224	)		653		(49	)		811
Provision (benefit) for income taxes		75		(56	)		436		—			455

NET INCOME (LOSS)		356		(168	)		217		(49	)		356
Preferred stock dividends		19		—			—		—			19

INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	337	$	(168	)	$	217	$	(49	)	$	337

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK ⁽¹⁾	$	390	$	(168	)	$	217	$	(49	)	$	390

⁽¹⁾	Comprehensive income (loss) activity is recorded on the Apache Corporation entity and consists of derivative instrument reclassifications and changes in fair value as reflected on our Statement of Consolidated Comprehensive Income.

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Six Months Ended June 30, 2013


	Apache Corporation		Apache Finance Canada			All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations			Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	2,401	$	—		$	5,864	$	—		$	8,265
Equity in net income (loss) of affiliates		1,328		(17	)		5		(1,316	)		—
Derivative instrument gains (losses), net		147		—			—		—			147
Other		1		30			19		(3	)		47

		3,877		13			5,888		(1,319	)		8,459

OPERATING EXPENSES:
Depreciation, depletion and amortization		871		—			1,968		—			2,839
Asset retirement obligation accretion		40		—			90		—			130
Lease operating expenses		548		—			1,052		—			1,600
Gathering and transportation		31		—			123		—			154
Taxes other than income		101		—			324		—			425
General and administrative		202		—			50		(3	)		249
Financing costs, net		68		28			8		—			104

		1,861		28			3,615		(3	)		5,501

INCOME (LOSS) BEFORE INCOME TAXES		2,016		(15	)		2,273		(1,316	)		2,958
Provision (benefit) for income taxes		264		(3	)		945		—			1,206

NET INCOME (LOSS)		1,752		(12	)		1,328		(1,316	)		1,752
Preferred stock dividends		38		—			—		—			38

INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	1,714	$	(12	)	$	1,328	$	(1,316	)	$	1,714

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK⁽¹⁾	$	1,727	$	(12	)	$	1,328	$	(1,316	)	$	1,727

⁽¹⁾	Comprehensive income (loss) activity is recorded on the Apache Corporation entity and consists of derivative instrument reclassifications and changes in fair value as reflected on our Statement of Consolidated Comprehensive Income.

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Six Months Ended June 30, 2012


	Apache Corporation			Apache Finance Canada			All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations			Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	2,040		$	—		$	6,373	$	—		$	8,413
Equity in net income (loss) of affiliates		772			(401	)		105		(476	)		—
Other		(1	)		34			64		(2	)		95

		2,811			(367	)		6,542		(478	)		8,508

OPERATING EXPENSES:
Depreciation, depletion and amortization		648			—			3,024		—			3,672
Asset retirement obligation accretion		37			—			75		—			112
Lease operating expenses		431			—			946		—			1,377
Gathering and transportation		23			—			126		—			149
Taxes other than income		94			—			366		—			460
General and administrative		205			—			57		(2	)		260
Merger, acquisitions & transition		16			—			6		—			22
Financing costs, net		51			28			6		—			85

		1,505			28			4,606		(2	)		6,137

INCOME (LOSS) BEFORE INCOME TAXES		1,306			(395	)		1,936		(476	)		2,371
Provision (benefit) for income taxes		153			(99	)		1,164		—			1,218

NET INCOME (LOSS)		1,153			(296	)		772		(476	)		1,153
Preferred stock dividends		38			—			—		—			38

INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	1,115		$	(296	)	$	772	$	(476	)	$	1,115

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK ⁽¹⁾	$	1,135		$	(296	)	$	772	$	(476	)	$	1,135

⁽¹⁾	Comprehensive income (loss) activity is recorded on the Apache Corporation entity and consists of derivative instrument reclassifications and changes in fair value as reflected on our Statement of Consolidated Comprehensive Income.

Supplemental Condensed Consolidating Statement of Cash Flows

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 30, 2013


	Apache Corporation			Apache Finance Canada			All Other Subsidiaries of Apache Corporation			Reclassifications & Eliminations			Consolidated
	(In millions)
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	688		$	(76	)	$	4,768		$	—		$	5,380

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property		(1,854	)		—			(3,284	)		—			(5,138	)
Additions to gas gathering, transmission and processing facilities		(54	)		—			(441	)		—			(495	)
Proceeds from Kitimat LNG transaction, net		—			—			405			—			405
Acquisitions, other		—			—			(148	)		—			(148	)
Investment in subsidiaries, net		1,258			—			—			(1,258	)		—
Other		(58	)		—			70			—			12

NET CASH USED IN INVESTING ACTIVITIES		(708	)		—			(3,398	)		(1,258	)		(5,364	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Commercial paper and bank credit facilities, net		945			—			(14	)		—			931
Intercompany borrowings		—			1			(1,253	)		1,252			—
Payments on fixed rate debt		(500	)		—			—			—			(500	)
Dividends paid		(183	)		—			—			—			(183	)
Treasury stock activity, net		(249	)		—			—			—			(249	)
Other		7			75			(79	)		6			9

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		20			76			(1,346	)		1,258			8

NET INCREASE IN CASH AND CASH EQUIVALENTS		—			—			24			—			24
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		—			—			160			—			160

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	—		$	—		$	184		$	—		$	184

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 30, 2012


	Apache Corporation			Apache Finance Canada			All Other Subsidiaries of Apache Corporation			Reclassifications & Eliminations			Consolidated
	(In millions)
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	908		$	(59	)	$	3,950		$	—		$	4,799

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property		(1,328	)		—			(2,428	)		—			(3,756	)
Additions to gas gathering, transmission and processing facilities		(25	)		—			(417	)		—			(442	)
Acquisition of Cordillera		(2,607	)		—			—			—			(2,607	)
Acquisition of Yara Pilbara Holdings Pty Limited		—			—			(439	)		—			(439	)
Acquisitions, other		(1	)		—			(64	)		—			(65	)
Proceeds from sales of oil and gas properties		5			—			4			—			9
Investment in subsidiaries, net		612			—			—			(612	)		—
Other		(456	)		—			170			—			(286	)

NET CASH USED IN INVESTING ACTIVITIES		(3,800	)		—			(3,174	)		(612	)		(7,586	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Commercial paper and bank credit facilities, net		393			—			38			—			431
Intercompany borrowings		—			—			(587	)		587			—
Fixed rate debt borrowings		2,991			—			—			—			2,991
Payments on fixed rate debt		(400	)		—			—			—			(400	)
Dividends paid		(161	)		—			—			—			(161	)
Treasury stock activity, net		2			—			—			—			2
Other		35			55			(125	)		25			(10	)

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		2,860			55			(674	)		612			2,853

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(32	)		(4	)		102			—			66
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		41			5			249			—			295

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	9		$	1		$	351		$	—		$	361

Supplemental Condensed Consolidating Balance Sheet

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

June 30, 2013


	Apache Corporation		Apache Finance Canada		All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—	$	—	$	184	$	—		$	184
Receivables, net of allowance		979		—		1,935		—			2,914
Inventories		93		—		880		—			973
Drilling advances		7		1		290		—			298
Derivative instruments		87		—		—		—			87
Prepaid assets and other		157		—		247		(102	)		302
Intercompany receivable		4,503		—		—		(4,503	)		—

		5,826		1		3,536		(4,605	)		4,758

PROPERTY AND EQUIPMENT, NET		19,893		—		35,928		—			55,821

OTHER ASSETS:
Intercompany receivable		3,376		—		—		(3,376	)		—
Equity in affiliates		22,389		938		94		(23,421	)		—
Goodwill, net		173		—		1,196		—			1,369
Deferred charges and other		234		1,002		1,166		(1,000	)		1,402

	$	51,891	$	1,941	$	41,920	$	(32,402	)	$	63,350

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	874	$	2	$	470	$	—		$	1,346
Current debt		417		—		61		—			478
Asset retirement obligation		471		—		4		—			475
Derivative instruments		22		—		—		—			22
Other current liabilities		957		4		1,978		(102	)		2,837
Intercompany payable		—		—		4,503		(4,503	)		—

		2,741		6		7,016		(4,605	)		5,158

LONG-TERM DEBT		11,649		647		1		—			12,297

DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:
Intercompany payable		—		—		3,376		(3,376	)		—
Income taxes		3,323		6		5,167		—			8,496
Asset retirement obligation		1,048		—		3,230		—			4,278
Other		409		250		741		(1,000	)		400

		4,780		256		12,514		(4,376	)		13,174

COMMITMENTS AND CONTINGENCIES SHAREHOLDERS’ EQUITY		32,721		1,032		22,389		(23,421	)		32,721

	$	51,891	$	1,941	$	41,920	$	(32,402	)	$	63,350

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012


	Apache Corporation		Apache Finance Canada		All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—	$	—	$	160	$	—		$	160
Receivables, net of allowance		876		—		2,210		—			3,086
Inventories		95		—		813		—			908
Drilling advances		21		1		562		—			584
Derivative instruments		31		—		—		—			31
Prepaid assets and other		102		—		91		—			193
Intercompany receivable		3,766		—		—		(3,766	)		—

		4,891		1		3,836		(3,766	)		4,962

PROPERTY AND EQUIPMENT, NET		18,517		—		34,763		—			53,280

OTHER ASSETS:
Intercompany receivable		4,628		—		—		(4,628	)		—
Equity in affiliates		21,047		934		97		(22,078	)		—
Goodwill, net		173		—		1,116		—			1,289
Deferred charges and other		152		1,002		1,052		(1,000	)		1,206

	$	49,408	$	1,937	$	40,864	$	(31,472	)	$	60,737

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	639	$	1	$	452	$	—		$	1,092
Current debt		912		—		78		—			990
Asset retirement obligation		471		—		7		—			478
Derivative instruments		96		—		20		—			116
Other current liabilities		893		3		1,964		—			2,860
Intercompany payable		—		—		3,766		(3,766	)		—

		3,011		4		6,287		(3,766	)		5,536

LONG-TERM DEBT		10,706		647		2		—			11,355

DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:
Intercompany payable		—		—		4,628		(4,628	)		—
Income taxes		2,990		5		5,029		—			8,024
Asset retirement obligation		992		—		3,108		—			4,100
Other		378		250		763		(1,000	)		391

		4,360		255		13,528		(5,628	)		12,515

COMMITMENTS AND CONTINGENCIES SHAREHOLDERS’ EQUITY		31,331		1,031		21,047		(22,078	)		31,331

	$	49,408	$	1,937	$	40,864	$	(31,472	)	$	60,737