SUPPLEMENTAL GUARANTOR INFORMATION (Tables)

9 Months Ended

Sep. 30, 2013

Supplemental Condensed Consolidating Statement of Operations

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Quarter Ended September 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	$	1,374		$	—		$	3,035	$	—		$	4,409
Equity in net income (loss) of affiliates		619			(4	)		3		(618	)		—
Derivative instrument gains (losses), net		(422	)		—			—		—			(422	)
Other		2			16			15		(1	)		32

		1,573			12			3,053		(619	)		4,019

OPERATING EXPENSES:
Depreciation, depletion and amortization		1,041			—			1,131		—			2,172
Asset retirement obligation accretion		20			—			46		—			66
Lease operating expenses		254			—			565		—			819
Gathering and transportation		18			—			65		—			83
Taxes other than income		62			—			123		—			185
General and administrative		103			—			25		(1	)		127
Financing costs, net		36			14			1		—			51

		1,534			14			1,956		(1	)		3,503

INCOME (LOSS) BEFORE INCOME TAXES		39			(2	)		1,097		(618	)		516
Provision (benefit) for income taxes		(267	)		(1	)		478		—			210

NET INCOME (LOSS)		306			(1	)		619		(618	)		306
Preferred stock dividends		6			—			—		—			6

INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	300		$	(1	)	$	619	$	(618	)	$	300

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK ⁽¹⁾	$	295		$	(1	)	$	619	$	(618	)	$	295

⁽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 September 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	$	1,030	$	—		$	3,111	$	—		$	4,141
Equity in net income (loss) of affiliates		41		(271	)		71		159			—
Other		—		18			21		(1	)		38

		1,071		(253	)		3,203		158			4,179

OPERATING EXPENSES:
Depreciation, depletion and amortization		349		—			1,680		—			2,029
Asset retirement obligation accretion		20		—			40		—			60
Lease operating expenses		277		—			524		—			801
Gathering and transportation		15		—			71		—			86
Taxes other than income		52		—			115		—			167
General and administrative		97		—			28		(1	)		124
Merger, acquisitions & transition		7		—			—		—			7
Financing costs, net		20		14			6		—			40

		837		14			2,464		(1	)		3,314

INCOME (LOSS) BEFORE INCOME TAXES		234		(267	)		739		159			865
Provision (benefit) for income taxes		54		(67	)		698		—			685

NET INCOME (LOSS)		180		(200	)		41		159			180
Preferred stock dividends		19		—			—		—			19

INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	161	$	(200	)	$	41	$	159		$	161

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK ⁽¹⁾	$	61	$	(200	)	$	41	$	159		$	61

⁽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 Nine Months Ended September 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	$	3,775		$	—		$	8,899	$	—		$	12,674
Equity in net income (loss) of affiliates		1,947			(21	)		8		(1,934	)		—
Derivative instrument gains (losses), net		(275	)		—			—		—			(275	)
Other		3			46			34		(4	)		79

		5,450			25			8,941		(1,938	)		12,478

OPERATING EXPENSES:
Depreciation, depletion and amortization		1,912			—			3,099		—			5,011
Asset retirement obligation accretion		60			—			136		—			196
Lease operating expenses		802			—			1,617		—			2,419
Gathering and transportation		49			—			188		—			237
Taxes other than income		163			—			447		—			610
General and administrative		305			—			75		(4	)		376
Financing costs, net		104			42			9		—			155

		3,395			42			5,571		(4	)		9,004

INCOME (LOSS) BEFORE INCOME TAXES		2,055			(17	)		3,370		(1,934	)		3,474
Provision (benefit) for income taxes		(3	)		(4	)		1,423		—			1,416

NET INCOME (LOSS)		2,058			(13	)		1,947		(1,934	)		2,058
Preferred stock dividends		44			—			—		—			44

INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	2,014		$	(13	)	$	1,947	$	(1,934	)	$	2,014

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK⁽¹⁾	$	2,022		$	(13	)	$	1,947	$	(1,934	)	$	2,022

⁽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 Nine Months Ended September 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	$	3,070		$	—		$	9,484	$	—		$	12,554
Equity in net income (loss) of affiliates		813			(672	)		176		(317	)		—
Other		(1	)		52			85		(3	)		133

		3,882			(620	)		9,745		(320	)		12,687

OPERATING EXPENSES:
Depreciation, depletion and amortization		997			—			4,704		—			5,701
Asset retirement obligation accretion		57			—			115		—			172
Lease operating expenses		708			—			1,470		—			2,178
Gathering and transportation		38			—			197		—			235
Taxes other than income		146			—			481		—			627
General and administrative		302			—			85		(3	)		384
Merger, acquisitions & transition		23			—			6		—			29
Financing costs, net		71			42			12		—			125

		2,342			42			7,070		(3	)		9,451

INCOME (LOSS) BEFORE INCOME TAXES		1,540			(662	)		2,675		(317	)		3,236
Provision (benefit) for income taxes		207			(166	)		1,862		—			1,903

NET INCOME (LOSS)		1,333			(496	)		813		(317	)		1,333
Preferred stock dividends		57			—			—		—			57

INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	1,276		$	(496	)	$	813	$	(317	)	$	1,276

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK ⁽¹⁾	$	1,196		$	(496	)	$	813	$	(317	)	$	1,196

⁽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 Nine Months Ended September 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	$	1,434		$	(89	)	$	6,013		$	—		$	7,358

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property		(2,956	)		—			(4,542	)		—			(7,498	)
Additions to gas gathering, transmission and processing facilities		(85	)		—			(774	)		—			(859	)
Proceeds from divestiture of Shelf		3,594			—			—			—			3,594
Proceeds from Kitimat LNG transaction, net		—			—			396			—			396
Proceeds from sale of other oil and gas properties		—			—			199			—			199
Acquisitions, other		—			—			(156	)		—			(156	)
Investment in subsidiaries, net		596			—			—			(596	)		—
Other		(41	)		—			31			—			(10	)

NET CASH USED IN INVESTING ACTIVITIES		1,108			—			(4,846	)		(596	)		(4,334	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Commercial paper and bank credit facilities, net		(502	)		—			(14	)		—			(516	)
Intercompany borrowings		—			1			(585	)		584			—
Payments on fixed rate debt		(900	)		—			—			—			(900	)
Dividends paid		(280	)		—			—			—			(280	)
Treasury stock activity, net		(249	)		—			—			—			(249	)
Other		17			88			(105	)		12			12

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(1,914	)		89			(704	)		596			(1,933	)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		628			0			463			—			1,091
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		—			—			160			—			160

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	628		$	0		$	623		$	—		$	1,251

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 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	$	1,755		$	(86	)	$	4,753		$	—		$	6,422

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property		(2,330	)		—			(4,057	)		—			(6,387	)
Additions to gas gathering, transmission and processing facilities		(28	)		—			(558	)		—			(586	)
Acquisition of Cordillera		(2,666	)		—			—			—			(2,666	)
Acquisition of Yara Pilbara Holdings Pty Limited		—			—			(439	)		—			(439	)
Acquisitions, other		(56	)		—			(66	)		—			(122	)
Proceeds from sales of oil and gas properties		20			—			6			—			26
Investment in subsidiaries, net		(541	)		—			—			541			—
Other		(340	)		—			(46	)		—			(386	)

NET CASH USED IN INVESTING ACTIVITIES		(5,941	)		—			(5,160	)		541			(10,560	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Commercial paper and bank credit facilities, net		1,792			—			35			—			1,827
Intercompany borrowings		—			—			572			(572	)		—
Fixed rate debt borrowings		2,991			—			—			—			2,991
Payments on fixed rate debt		(400	)		—			—			—			(400	)
Dividends paid		(246	)		—			—			—			(246	)
Treasury stock activity, net		2			—			—			—			2
Other		38			82			(164	)		31			(13	)

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		4,177			82			443			(541	)		4,161

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(9	)		(4	)		36			—			23
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		41			5			249			—			295

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	32		$	1		$	285		$	—		$	318

Supplemental Condensed Consolidating Balance Sheet

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

September 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	$	628	$	—	$	623	$	—		$	1,251
Receivables, net of allowance		1,100		—		1,986		—			3,086
Inventories		52		—		837		—			889
Drilling advances		21		1		430		—			452
Derivative instruments		3		—		—		—			3
Prepaid assets and other		158		—		177		—			335
Intercompany receivable		4,863		—		—		(4,863	)		—

		6,825		1		4,053		(4,863	)		6,016

PROPERTY AND EQUIPMENT, NET		15,051		—		36,411		—			51,462

OTHER ASSETS:
Intercompany receivable		4,044		—		—		(4,044	)		—
Equity in affiliates		23,009		936		86		(24,031	)		—
Goodwill, net		173		—		1,196		—			1,369
Deferred charges and other		167		1,002		1,223		(1,000	)		1,392

	$	49,269	$	1,939	$	42,969	$	(33,938	)	$	60,239

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	866	$	2	$	477	$	—		$	1,345
Current debt		—		—		57		—			57
Asset retirement obligation		132		—		7		—			139
Derivative instruments		204		—		1		—			205
Other current liabilities		986		12		1,779		—			2,777
Intercompany payable		—		—		4,863		(4,863	)		—

		2,188		14		7,184		(4,863	)		4,523

LONG-TERM DEBT		10,219		648		1		—			10,868

DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:
Intercompany payable		—		—		4,044		(4,044	)		—
Income taxes		3,074		5		5,218		—			8,297
Asset retirement obligation		338		—		2,785		—			3,123
Other		469		250		728		(1,000	)		447

		3,881		255		12,775		(5,044	)		11,867

COMMITMENTS AND CONTINGENCIES SHAREHOLDERS’ EQUITY		32,981		1,022		23,009		(24,031	)		32,981

	$	49,269	$	1,939	$	42,969	$	(33,938	)	$	60,239

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