SUPPLEMENTAL GUARANTOR INFORMATION (Tables)

6 Months Ended

Jun. 30, 2014

Guarantees [Abstract]

Supplemental Condensed Consolidating Statement of Operations

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Quarter Ended June 30, 2014

							All Other
				Apache			Subsidiaries
	Apache			Finance			of Apache			Reclassifications
	Corporation			Canada			Corporation			& Eliminations			Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	895		$	—		$	2,813		$	—		$	3,708
Equity in net income (loss) of affiliates		491			24			11			(526	)		—
Derivative instrument losses, net		(125	)		—			(49	)		—			(174	)
Other		(69	)		13			2			4			(50	)
		1,192			37			2,777			(522	)		3,484
OPERATING EXPENSES:
Depreciation, depletion and amortization		356			—			1,101			—			1,457
Asset retirement obligation accretion		8			—			37			—			45
Lease operating expenses		121			—			492			—			613
Gathering and transportation		14			—			52			—			66
Taxes other than income		47			—			134			—			181
General and administrative		96			—			(6	)		4			94
Acquisition, divestiture, and separation costs		14			—			—			—			14
Financing costs, net		41			10			(16	)		—			35
		697			10			1,794			4			2,505
NET INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		495			27			983			(526	)		979
Provision (benefit) for income taxes		(10	)		(8	)		384			—			366
NET INCOME FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST		505			35			599			(526	)		613
Net loss from discontinued operations, net of tax		—			—			—			—			—
NET INCOME INCLUDING NONCONTROLLING INTEREST		505			35			599			(526	)		613
Net income attributable to noncontrolling interest		—			—			108			—			108
NET INCOME ATTRIBUTABLE TO COMMON STOCK	$	505		$	35		$	491		$	(526	)	$	505
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCK (1)	$	505		$	35		$	491		$	(526	)	$	505

⁽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, 2013

						All Other
			Apache			Subsidiaries
	Apache		Finance			of Apache			Reclassifications
	Corporation		Canada			Corporation			& Eliminations			Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	1,255	$	—		$	2,746		$	—		$	4,001
Equity in net income (loss) of affiliates		718		(6	)		2			(714	)		—
Derivative instrument gains (losses), net		247		—			—			—			247
Other		3		15			3			(1	)		20
		2,223		9			2,751			(715	)		4,268
OPERATING EXPENSES:
Depreciation, depletion and amortization		470		—			880			—			1,350
Asset retirement obligation accretion		20		—			44			—			64
Lease operating expenses		267		—			514			—			781
Gathering and transportation		17		—			60			—			77
Taxes other than income		57		—			113			—			170
General and administrative		102		—			25			(1	)		126
Financing costs, net		34		14			4			—			52
		967		14			1,640			(1	)		2,620
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		1,256		(5	)		1,111			(714	)		1,648
Provision (benefit) for income taxes		221		(1	)		391			—			611
NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST		1,035		(4	)		720			(714	)		1,037
Net loss from discontinued operations, net of tax		—		—			(2	)		—			(2	)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST		1,035		(4	)		718			(714	)		1,035
Preferred stock dividends		19		—			—			—			19
NET 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 Six Months Ended June 30, 2014

						All Other
				Apache		Subsidiaries
	Apache			Finance		of Apache			Reclassifications
	Corporation			Canada		Corporation			& Eliminations			Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	1,787		$	—	$	5,568		$	—		$	7,355
Equity in net income (loss) of affiliates		743			53		5			(801	)		—
Derivative instrument gains (losses), net		(145	)		—		(49	)		—			(194	)
Other		(72	)		27		40			3			(2	)
		2,313			80		5,564			(798	)		7,159
OPERATING EXPENSES:
Depreciation, depletion and amortization		684			—		1,979			—			2,663
Asset retirement obligation accretion		15			—		74			—			89
Lease operating expenses		249			—		961			—			1,210
Gathering and transportation		28			—		108			—			136
Taxes other than income		126			—		236			—			362
General and administrative		189			—		7			3			199
Acquisition, divestiture, and separation costs		30			—		—			—			30
Financing costs, net		73			20		(31	)		—			62
		1,394			20		3,334			3			4,751
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		919			60		2,230			(801	)		2,408
Provision for income taxes		52			2		890			—			944
NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST		867			58		1,340			(801	)		1,464
Net loss from discontinued operations, net of tax		(127	)		—		(390	)		—			(517	)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST		740			58		950			(801	)		947
Net income attributable to noncontrolling interest		—			—		206			—			206
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	740		$	58	$	744		$	(801	)	$	741
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK(1)	$	739		$	58	$	744		$	(801	)	$	740

⁽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

						All Other
			Apache			Subsidiaries
	Apache		Finance			of Apache			Reclassifications
	Corporation		Canada			Corporation			& Eliminations			Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	2,401	$	—		$	5,621		$	—		$	8,022
Equity in net income (loss) of affiliates		1,328		(17	)		5			(1,316	)		—
Derivative instrument gains (losses), net		147		—			—			—			147
Other		1		30			17			(3	)		45
		3,877		13			5,643			(1,319	)		8,214
OPERATING EXPENSES:
Depreciation, depletion and amortization		871		—			1,791			—			2,662
Asset retirement obligation accretion		40		—			87			—			127
Lease operating expenses		548		—			955			—			1,503
Gathering and transportation		31		—			119			—			150
Taxes other than income		101		—			298			—			399
General and administrative		202		—			39			(3	)		238
Financing costs, net		68		28			11			—			107
		1,861		28			3,300			(3	)		5,186
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		2,016		(15	)		2,343			(1,316	)		3,028
Provision (benefit) for income taxes		264		(3	)		952			—			1,213
NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST		1,752		(12	)		1,391			(1,316	)		1,815
Net loss from discontinued operations, net of tax		—		—			(63	)		—			(63	)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST		1,752		(12	)		1,328			(1,316	)		1,752
Preferred stock dividends		38		—			—			—			38
NET 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.

Supplemental Condensed Consolidating Statement of Cash Flows

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 30, 2014

							All Other
				Apache			Subsidiaries
	Apache			Finance			of Apache			Reclassifications
	Corporation			Canada			Corporation			& Eliminations			Consolidated
	(In millions)
CASH PROVIDED BY (USED IN) CONTINUING OPERATING ACTIVITIES	$	70		$	(33	)	$	4,513		$	—		$	4,550
CASH PROVIDED BY DISCONTINUED OPERATIONS		—			—			82			—			82
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		70			(33	)		4,595			—			4,632
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property		(1,703	)		—			(3,168	)		—			(4,871	)
Additions to gas gathering, transmission and processing facilities		(2	)		—			(719	)		—			(721	)
Proceeds from sale of Deepwater Gulf of Mexico assets		1,367			—			—			—			1,367
Restricted cash related to divestitures		(1,367	)		—			—			—			(1,367	)
Proceeds from sale of other oil and gas properties		69			—			312			—			381
Acquisitions		(5	)		—			—			—			(5	)
Investment in subsidiaries, net		2,899			—			—			(2,899	)		—
Other		(35	)		—			12			—			(23	)
NET CASH PROVIDED BY (USED IN) CONTINUING INVESTING ACTIVITIES		1,223			—			(3,563	)		(2,899	)		(5,239	)
NET CASH PROVIDED BY DISCONTINUED OPERATIONS		—			—			748			—			748
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		1,223			—			(2,815	)		(2,899	)		(4,491	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Commercial paper and bank credit facilities, net		—			—			(1	)		—			(1	)
Intercompany borrowings		—			11			(2,909	)		2,898			—
Distributions to noncontrolling interest		—			—			(66	)		—			(66	)
Dividends paid		(176	)		—			—			—			(176	)
Treasury stock activity, net		(1,263	)		—			—			—			(1,263	)
Other		—			19			5			1			25
NET CASH PROVIDED BY (USED IN) CONTINUING FINANCING ACTIVITIES		(1,439	)		30			(2,971	)		2,899			(1,481	)
NET CASH USED IN DISCONTINUED OPERATIONS		—			—			(42	)		—			(42	)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(1,439	)		30			(3,013	)		2,899			(1,523	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(146	)		(3	)		(1,233	)		—			(1,382	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		155			3			1,748			—			1,906
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	9		$	—		$	515		$	—		$	524

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 30, 2013

							All Other
				Apache			Subsidiaries
	Apache			Finance			of Apache			Reclassifications
	Corporation			Canada			Corporation			& Eliminations			Consolidated
	(In millions)
CASH PROVIDED BY (USED IN) CONTINUING OPERATING ACTIVITIES	$	688		$	(76	)	$	4,664		$	—		$	5,276
CASH PROVIDED BY DISCONTINUED OPERATIONS		—			—			104			—			104
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	)		—			(3,196	)		—			(5,050	)
Additions to gas gathering, transmission and processing facilities		(54	)		—			(437	)		—			(491	)
Proceeds from Kitimat LNG transaction, net		—			—			405			—			405
Acquisitions		—			—			(148	)		—			(148	)
Investment in subsidiaries, net		1,258			—			—			(1,258	)		—
Other		(58	)		—			72			—			14
NET CASH USED IN CONTINUING INVESTING ACTIVITIES		(708	)		—			(3,304	)		(1,258	)		(5,270	)
NET CASH USED IN DISCONTINUED OPERATIONS		—			—			(94	)		—			(94	)
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			—			—			—			945
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			(85	)		6			3
NET CASH PROVIDED BY (USED IN) CONTINUING FINANCING ACTIVITIES		20			76			(1,338	)		1,258			16
NET CASH USED IN DISCONTINUED OPERATIONS		—			—			(8	)		—			(8	)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		20			76			(1,346	)		1,258			8
NET INCREASE (DECREASE) 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

Supplemental Condensed Consolidating Balance Sheet

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

June 30, 2014

					All Other
			Apache		Subsidiaries
	Apache		Finance		of Apache		Reclassifications
	Corporation		Canada		Corporation		& Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	9	$	—	$	515	$	—		$	524
Short-term restricted cash		—		—		778		—			778
Receivables, net of allowance		873		—		1,534		—			2,407
Inventories		24		—		770		—			794
Drilling advances		29		2		300		—			331
Prepaid assets and other		90		—		202		—			292
Intercompany receivable		6,065		—		—		(6,065	)		—
		7,090		2		4,099		(6,065	)		5,126
PROPERTY AND EQUIPMENT, NET		17,436		—		35,034		—			52,470
OTHER ASSETS:
Intercompany receivable		—		—		1,327		(1,327	)		—
Equity in affiliates		25,486		1,203		445		(27,134	)		—
Long-term restricted cash		—		—		589		—			589
Goodwill, net		173		—		1,196		—			1,369
Deferred charges and other		191		1,005		1,421		(1,000	)		1,617
	$	50,376	$	2,210	$	44,111	$	(35,526	)	$	61,171
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	831	$	13	$	647	$	—		$	1,491
Current debt		—		—		1		—			1
Asset retirement obligation		115		—		63		—			178
Derivative instruments		272		—		—		—			272
Other current liabilities		1,128		1		1,499		—			2,628
Intercompany payable		—		—		6,065		(6,065	)		—
		2,346		14		8,275		(6,065	)		4,570
LONG-TERM DEBT		9,375		298		1		—			9,674
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:
Intercompany payable		1,327		—		—		(1,327	)		—
Income taxes		3,641		—		4,925		—			8,566
Asset retirement obligation		455		—		2,595		—			3,050
Other		477		250		692		(1,000	)		419
		5,900		250		8,212		(2,327	)		12,035
COMMITMENTS AND CONTINGENCIES APACHE SHAREHOLDERS’ EQUITY		32,755		1,648		25,486		(27,134	)		32,755
Noncontrolling interest		—		—		2,137		—			2,137
TOTAL EQUITY		32,755		1,648		27,623		(27,134	)		34,892
	$	50,376	$	2,210	$	44,111	$	(35,526	)	$	61,171

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

					All Other
			Apache		Subsidiaries
	Apache		Finance		of Apache		Reclassifications
	Corporation		Canada		Corporation		& Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	155	$	3	$	1,748	$	—		$	1,906
Receivables, net of allowance		1,043		—		1,909		—			2,952
Inventories		48		—		843		—			891
Drilling advances		49		—		322		—			371
Derivative instruments		1		—		—		—			1
Prepaid assets and other		99		—		146		—			245
Intercompany receivable		5,357		—		—		(5,357	)		—
		6,752		3		4,968		(5,357	)		6,366
PROPERTY AND EQUIPMENT, NET		16,092		—		36,329		—			52,421
OTHER ASSETS:
Intercompany receivable		1,572		—		—		(1,572	)		—
Equity in affiliates		24,743		1,155		449		(26,347	)		—
Goodwill, net		173		—		1,196		—			1,369
Deferred charges and other		166		1,006		1,309		(1,000	)		1,481
	$	49,498	$	2,164	$	44,251	$	(34,276	)	$	61,637
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	956	$	2	$	658	$	—		$	1,616
Current debt		—		—		53		—			53
Asset retirement obligation		115		—		6		—			121
Derivative instruments		299		—		—		—			299
Other current liabilities		896		10		1,705		—			2,611
Intercompany payable		—		—		5,357		(5,357	)		—
		2,266		12		7,779		(5,357	)		4,700
LONG-TERM DEBT		9,374		298		—		—			9,672
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:
Intercompany payable		—		—		1,572		(1,572	)		—
Income taxes		3,586		—		4,778		—			8,364
Asset retirement obligation		430		—		2,671		—			3,101
Other		446		250		711		(1,000	)		407
		4,462		250		9,732		(2,572	)		11,872
COMMITMENTS AND CONTINGENCIES APACHE SHAREHOLDERS’ EQUITY		33,396		1,604		24,743		(26,347	)		33,396
Noncontrolling interest		—		—		1,997		—			1,997
TOTAL EQUITY		33,396		1,604		26,740		(26,347	)		35,393
	$	49,498	$	2,164	$	44,251	$	(34,276	)	$	61,637