16. SUPPLEMENTAL GUARANTOR INFORMATION

In December 1999, Apache Finance Canada issued approximately $300 million of publicly-traded notes due in 2029, which are fully and unconditionally guaranteed by Apache. The following condensed consolidating financial statements are provided as an alternative to filing separate financial statements.

Apache Finance Canada is 100 percent owned by Apache Corporation. As such, these condensed consolidating financial statements should be read in conjunction with Apache’s consolidated financial statements and notes thereto, of which this note is an integral part.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Year Ended December 31, 2015


	Apache Corporation		Apache Finance Canada		All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations		Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	1,446	$	-	$	4,937	$	-	$	6,383
Equity in net income (loss) of affiliates		(7,685)		(1,958)		57		9,586		-
Other		(18)		54		(72)		19		(17)

		(6,257)		(1,904)		4,922		9,605		6,366


OPERATING EXPENSES:
Depreciation, depletion, and amortization		19,496		-		9,876		-		29,372
Asset retirement obligation accretion		15		-		130		-		145
Lease operating expenses		399		-		1,455		-		1,854
Gathering and transportation		35		-		176		-		211
Taxes other than income		103		-		179		-		282
Impairments		112		-		1,808		-		1,920
General and administrative		300		-		58		19		377
Transaction, reorganization, and separation		132		-		-		-		132
Financing costs, net		288		(14)		25		-		299

		20,880		(14)		13,707		19		34,592


NET INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES		(27,137)		(1,890)		(8,785)		9,586		(28,226)
Provision for income taxes		(4,188)		11		(1,292)		-		(5,469)

NET INCOME (LOSS) FROM CONTINUING OPERATIONS
INCLUDING NONCONTROLLING INTEREST		(22,949)		(1,901)		(7,493)		9,586		(22,757)
Net loss from discontinued operations, net of tax		(172)		-		(599)		-		(771)

NET INCOME (LOSS) INCLUDING
NONCONTROLLING INTEREST		(23,121)		(1,901)		(8,092)		9,586		(23,528)
Net income attributable to noncontrolling interest		-		-		(409)		-		(409)

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	(23,121)	$	(1,901)	$	(7,683)	$	9,586	$	(23,119)

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	(23,121)	$	(1,901)	$	(7,683)	$	9,586	$	(23,119)

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Year Ended December 31, 2014


	Apache Corporation		Apache Finance Canada		All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations		Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	3,399	$	-	$	9,292	$	-	$	12,691
Equity in net income (loss) of affiliates		25		(209)		73		111		-
Other		195		55		(145)		5		110

		3,619		(154)		9,220		116		12,801


OPERATING EXPENSES:
Depreciation, depletion, and amortization		5,845		-		3,875		-		9,720
Asset retirement obligation accretion		31		-		123		-		154
Lease operating expenses		509		-		1,729		-		2,238
Gathering and transportation		58		-		215		-		273
Taxes other than income		206		-		371		-		577
Impairments		175		-		1,744		-		1,919
General and administrative		377		-		69		5		451
Transaction, reorganization, and separation		67		-		-		-		67
Financing costs, net		158		(24)		77		-		211

		7,426		(24)		8,203		5		15,610


NET INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES		(3,807)		(130)		1,017		111		(2,809)
Provision for income taxes		1,472		6		(815)		-		663

NET INCOME (LOSS) FROM CONTINUING OPERATIONS
INCLUDING NONCONTROLLING INTEREST		(5,279)		(136)		1,832		111		(3,472)
Net income from discontinued operations, net of tax		(127)		-		(1,461)		-		(1,588)

NET INCOME (LOSS) INCLUDING
NONCONTROLLING INTEREST		(5,406)		(136)		371		111		(5,060)
Net income attributable to noncontrolling interest		-		-		343		-		343

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	(5,406)	$	(136)	$	28	$	111	$	(5,403)

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	(5,407)	$	(136)	$	28	$	111	$	(5,404)

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Year Ended December 31, 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	$	4,585	$	-	$	10,186	$	-	$	14,771
Equity in net income (loss) of affiliates		2,313		17		36		(2,366)		-
Other		(399)		61		9		(4)		(333)

		6,499		78		10,231		(2,370)		14,438


OPERATING EXPENSES:
Depreciation, depletion, and amortization		2,250		-		3,616		-		5,866
Asset retirement obligation accretion		67		-		144		-		211
Lease operating expenses		939		-		1,711		-		2,650
Gathering and transportation		61		-		227		-		288
Taxes other than income		190		-		582		-		772
General and administrative		408		-		77		(4)		481
Acquisition, divestiture, and separation costs		33		-		-		-		33
Financing costs, net		97		5		127		-		229

		4,045		5		6,484		(4)		10,530

NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		2,454		73		3,747		(2,366)		3,908
Provision (benefit) for income taxes		222		20		1,686		-		1,928

NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST		2,232		53		2,061		(2,366)		1,980
Net income from discontinued operations, net of tax		-		-		308		-		308

NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST		2,232		53		2,369		(2,366)		2,288
Preferred stock dividends		44		-		-		-		44
Net income attributable to noncontrolling interest		-		-		56		-		56

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	2,188	$	53	$	2,313	$	(2,366)	$	2,188

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	2,204	$	53	$	2,313	$	(2,366)	$	2,204

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2015


	Apache Corporation		Apache Finance Canada		All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations		Consolidated
					(In millions)

CASH PROVIDED BY CONTINUING OPERATING ACTIVITIES	$	395	$	18	$	2,421	$	-	$	2,834
CASH PROVIDED BY DISCONTINUED OPERATIONS		-		-		150		-		150

CASH PROVIDED BY OPERATING ACTIVITIES		395		18		2,571		-		2,984
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property		(1,779)		-		(2,799)		-		(4,578)
Additions to gas gathering, transmission, and processing facilities		(156)		-		(77)		-		(233)
Proceeds from sale of Kitimat LNG		-		-		854		-		854
Proceeds from sale of Yara Pilbara		-		-		391		-		391
Leasehold and property acquisitions		(313)		-		(54)		-		(367)
Proceeds from sale of oil and gas properties, other		163		-		105		-		268
Investment in subsidiaries, net		6,363		-		-		(6,363)		-
Other		(34)		-		40		-		6

NET CASH USED IN CONTINUING INVESTING ACTIVITIES		4,244		-		(1,540)		(6,363)		(3,659)
NET CASH PROVIDED BY DISCONTINUED OPERATIONS		-		-		4,335		-		4,335

NET CASH USED IN INVESTING ACTIVITIES		4,244		-		2,795		(6,363)		676

CASH FLOWS FROM FINANCING ACTIVITIES:
Commercial paper, credit facility, and bank notes, net		(1,570)		-		-		-		(1,570)
Intercompany borrowings		(1,639)		(10)		(4,714)		6,363		-
Payments on fixed rate debt		(939)		-		-		-		(939)
Dividends paid		(377)		-		-		-		(377)
Distributions to noncontrolling interest		-		-		(129)		-		(129)
Other		(3)		-		56		-		53

NET CASH USED IN CONTINUING FINANCING ACTIVITIES		(4,528)		(10)		(4,787)		6,363		(2,962)

NET CASH USED IN FINANCING ACTIVITIES		(4,528)		(10)		(4,787)		6,363		(2,962)
NET INCREASE IN CASH AND CASH
EQUIVALENTS		111		8		579		-		698
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		267		-		502		-		769

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	378	$	8	$	1,081	$	-	$	1,467

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2014


	Apache Corporation		Apache Finance Canada		All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations		Consolidated
					(In millions)

CASH PROVIDED BY CONTINUING OPERATING ACTIVITIES	$	6,691	$	17	$	809	$	-	$	7,517
CASH PROVIDED BY DISCONTINUED OPERATIONS		-		-		944		-		944

CASH PROVIDED BY OPERATING ACTIVITIES		6,691		17		1,753		-		8,461

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property		(8,997)		-		(25)		-		(9,022)
Additions to gas gathering, transmission, and processing facilities		49		-		(930)		-		(881)
Proceeds from sale of Deepwater Gulf of Mexico assets		1,360		-		-		-		1,360
Proceeds from sale of Anadarko basin and southern Louisiana assets		1,262		-		-		-		1,262
Leasehold and property acquisitions		(1,087)		-		(388)		-		(1,475)
Proceeds from sale of oil and gas properties		15		-		455		-		470
Investment in subsidiaries, net		1,459		-		-		(1,459)		-
Other		(278)		-		(21)		-		(299)

NET CASH USED IN CONTINUING INVESTING ACTIVITIES		(6,217)		-		(909)		(1,459)		(8,585)
NET CASH PROVIDED BY DISCONTINUED OPERATIONS		-		-		(219)		-		(219)

NET CASH USED IN INVESTING ACTIVITIES		(6,217)		-		(1,128)		(1,459)		(8,804)

CASH FLOWS FROM FINANCING ACTIVITIES:
Commercial paper, credit facility, and bank notes, net		1,570		-		(2)		-		1,568
Intercompany borrowings		-		8		(1,479)		1,471		-
Dividends paid		(365)		-		-		-		(365)
Distributions to noncontrolling interest		-		-		(140)		-		(140)
Treasury stock activity, net		(1,864)		-		-		-		(1,864)
Other		(5)		(28)		94		(12)		49

NET CASH USED IN CONTINUING FINANCING ACTIVITIES		(664)		(20)		(1,527)		1,459		(752)
NET CASH USED IN DISCONTINUED OPERATIONS		-		-		(42)		-		(42)

NET CASH USED IN FINANCING ACTIVITIES		(664)		(20)		(1,569)		1,459		(794)

NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS		(190)		(3)		(944)		-		(1,137)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		155		3		1,748		-		1,906

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	(35)	$	-	$	804	$	-	$	769

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2013


	Apache Corporation		Apache Finance Canada		All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations		Consolidated
					(In millions)

CASH PROVIDED BY CONTINUING OPERATING ACTIVITIES	$	1,421	$	315	$	6,949	$	-	$	8,685
CASH PROVIDED BY DISCONTINUED OPERATIONS		-		-		1,150		-		1,150

CASH PROVIDED BY OPERATING ACTIVITIES		1,421		315		8,099		-		9,835

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property		(4,096)		-		(4,567)		-		(8,663)
Additions to gas gathering, transmission, and processing facilities		(124)		-		(340)		-		(464)
Proceeds from divestiture of Gulf of Mexico Shelf properties		3,702		-		-		-		3,702
Leasehold and property acquisitions		(195)		-		(234)		-		(429)
Proceeds from Kitimat LNG transaction, net		-		-		396		-		396
Proceeds from sale of oil and gas properties		-		-		307		-		307
Other		(58)		-		(47)		-		(105)

NET CASH USED IN CONTINUING INVESTING ACTIVITIES		(771)		-		(4,485)		-		(5,256)
NET CASH USED IN DISCONTINUED OPERATIONS		-		-		(1,860)		-		(1,860)

NET CASH USED IN INVESTING ACTIVITIES		(771)		-		(6,345)		-		(7,116)

CASH FLOWS FROM FINANCING ACTIVITIES:
Commercial paper, credit facility, and bank notes, net		(501)		-		(8)		-		(509)
Intercompany borrowings		3,056		1		(3,057)		-		-
Payments on fixed rate debt		(1,722)		(350)		-		-		(2,072)
Dividends paid		(360)		-		-		-		(360)
Proceeds from sale of noncontrolling interest		-		-		2,948		-		2,948
Shares repurchased		(997)		-		-		-		(997)
Other		29		37		(45)		-		21

NET CASH USED IN CONTINUING FINANCING ACTIVITIES		(495)		(312)		(162)		-		(969)
NET CASH USED IN DISCONTINUED OPERATIONS		-		-		(4)		-		(4)

NET CASH USED IN FINANCING ACTIVITIES		(495)		(312)		(166)		-		(973)

NET INCREASE IN CASH AND CASH EQUIVALENTS		155		3		1,588		-		1,746
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		-		-		160		-		160

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	155	$	3	$	1,748	$	-	$	1,906

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2015


	Apache Corporation		Apache Finance Canada		All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations		Consolidated
					(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	378	$	-	$	1,089	$	-	$	1,467
Receivables, net of allowance		314		-		939		-		1,253
Inventories		34		-		536		-		570
Drilling advances		16		-		156		-		172
Prepaid assets and other		102		-		188		-		290
Intercompany receivable		5,212		-		-		(5,212)		-

		6,056		-		2,908		(5,212)		3,752

PROPERTY AND EQUIPMENT, NET		-		-		14,119		-		14,119

OTHER ASSETS:
Intercompany receivable		-		-		10,744		(10,744)		-
Equity in affiliates		16,443		(1,154)		446		(15,735)		-
Deferred charges and other		157		1,001		813		(1,000)		971

	$	22,656	$	153	$	29,030	$	(32,691)	$	18,842

LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Accounts payable	$	409	$	-	$	209	$	-	$	618
Other current liabilities		539		3		681		-		1,223
Intercompany payable		-		-		5,212		(5,212)		-

		948		3		6,102		(5,212)		1,841

LONG-TERM DEBT		8,479		298		-		-		8,777

DEFERRED CREDITS AND OTHER
NONCURRENT LIABILITIES:
Intercompany payable		10,744		-		-		(10,744)		-
Income taxes		(1,285)		4		2,353		-		1,072
Asset retirement obligation		271		-		2,291		-		2,562
Other		933		250		179		(1,000)		362

		10,663		254		4,823		(11,744)		3,996

COMMITMENTS AND CONTINGENCIES APACHE SHAREHOLDERS’ EQUITY		2,566		(708)		16,443		(15,735)		2,566
Noncontrolling interest		-		-		1,662		-		1,662

TOTAL EQUITY		2,566		(708)		18,105		(15,735)		4,228

	$	22,656	$	(153)	$	29,030	$	(32,691)	$	18,842

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2014


	Apache Corporation		Apache Finance Canada		All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations		Consolidated
					(In millions)

ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	267	$	-	$	502	$	-	$	769
Receivables, net of allowance		837		-		1,187		-		2,024
Inventories		24		-		684		-		708
Drilling advances		34		1		353		-		388
Assets held for sale		-		-		1,628		-		1,628
Deferred tax asset		612		-		157		-		769
Prepaid assets and other		32		-		97		-		129
Intercompany receivable		4,939		-		-		(4,939)		-

		6,745		1		4,608		(4,939)		6,415

PROPERTY AND EQUIPMENT, NET		13,940		-		34,136		-		48,076

OTHER ASSETS:
Intercompany receivable		-		-		608		(608)		-
Equity in affiliates		25,791		869		444		(27,104)		-
Deferred charges and other		175		1,002		1,284		(1,000)		1,461

	$	46,651	$	1,872	$	41,080	$	(33,651)	$	55,952

LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Accounts payable	$	748	$	10	$	452	$	-	$	1,210
Other current liabilities		1,042		1		1,411		-		2,454
Intercompany payable		-		-		4,939		(4,939)		-

		1,790		11		6,802		(4,939)		3,664

LONG-TERM DEBT		10,947		298		-		-		11,245

DEFERRED CREDITS AND OTHER
NONCURRENT LIABILITIES:
Intercompany payable		608		-		-		(608)		-
Income taxes		5,076		-		4,423		-		9,499
Asset retirement obligation		211		-		2,837		-		3,048
Other		2,082		250		(973)		(1,000)		359

		7,977		250		6,287		(1,608)		12,906

COMMITMENTS AND CONTINGENCIES APACHE SHAREHOLDERS’ EQUITY		25,937		1,313		25,791		(27,104)		25,937
Noncontrolling interest		-		-		2,200		-		2,200

TOTAL EQUITY		25,937		1,313		27,991		(27,104)		28,137

	$	46,651	$	1,872	$	41,080	$	(33,651)	$	55,952