Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2017



	Apache Corporation			Apache Finance Canada			All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations			Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	284		$	—		$	1,228	$	—		$	1,512
Equity in net income (loss) of affiliates	222			(1		)	—		(221		)	—
Other	8			8			9		—			25
Gain on divestitures	141			—			200		—			341
	655			7			1,437		(221		)	1,878
OPERATING EXPENSES:
Lease operating expenses	81			—			255		—			336
Gathering and transportation	7			—			50		—			57
Taxes other than income	23			—			19		—			42
Exploration	28			—			64		—			92
General and administrative	90			—			13		—			103
Transaction, reorganization, and separation	(10		)	—			—		—			(10		)
Depreciation, depletion, and amortization	135			—			441		—			576
Asset retirement obligation accretion	6			—			30		—			36
Impairments	—			—			8		—			8
Financing costs, net	60			6			34		—			100
	420			6			914		—			1,340
NET INCOME (LOSS) BEFORE INCOME TAXES	235			1			523		(221		)	538
Provision for income taxes	22			2			247		—			271
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST	213			(1		)	276		(221		)	267
Net income attributable to noncontrolling interest	—			—			54		—			54
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	213		$	(1	)	$	222	$	(221	)	$	213



	Apache Corporation			Apache Finance Canada			All Other Subsidiaries of Apache Corporation			Reclassifications & Eliminations		Consolidated
	(In millions)
REVENUES AND OTHER:
Oil and gas production revenues	$	217		$	—		$	870		$	—	$	1,087
Equity in net income (loss) of affiliates	(108		)	(26		)	—			134		—
Other	28			12			(43		)	—		(3		)
Loss on divestitures	(1		)	—			—			—		(1		)
	136			(14		)	827			134		1,083
OPERATING EXPENSES:
Lease operating expenses	78			—			300			—		378
Gathering and transportation	8			—			44			—		52
Taxes other than income	21			—			(10		)	—		11
Exploration	50			—			45			—		95
General and administrative	77			—			16			—		93
Transaction, reorganization, and separation	15			—			—			—		15
Depreciation, depletion, and amortization	156			—			522			—		678
Asset retirement obligation accretion	4			—			34			—		38
Impairments	—			—			—			—		—
Financing costs, net	61			10			34			—		105
	470			10			985			—		1,465
NET INCOME (LOSS) BEFORE INCOME TAXES	(334		)	(24		)	(158		)	134		(382		)
Provision (benefit) for income taxes	37			2			(50		)	—		(11		)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST	(371		)	(26		)	(108		)	134		(371		)
Net income attributable to noncontrolling interest	—			—			1			—		1
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK	$	(371	)	$	(26	)	$	(109	)	$	134	$	(372	)

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2017



	Apache Corporation			Apache Finance Canada			All Other Subsidiaries of Apache Corporation			Reclassifications & Eliminations			Consolidated
	(In millions)
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	(24	)	$	(2	)	$	481		$	—		$	455
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property	(171		)	—			(151		)	—			(322		)
Leasehold and property acquisitions	(45		)	—			(4		)	—			(49		)
Additions to gas gathering, transmission, and processing facilities	—			—			(142		)	—			(142		)
Proceeds from sale of oil and gas properties	—			—			426			—			426
Investment in subsidiaries, net	323			—			—			(323		)	—
Other	(9		)	—			3			—			(6		)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	98			—			132			(323		)	(93		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Intercompany borrowings	—			2			(325		)	323			—
Payment of fixed-rate debt	(70		)	—			—			—			(70		)
Distributions to noncontrolling interest	—			—			(57		)	—			(57		)
Dividends paid	(95		)	—			—			—			(95		)
Other	—			—			4			—			4
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(165		)	2			(378		)	323			(218		)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(91		)	—			235			—			144
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	344			—			1,033			—			1,377
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	253		$	—		$	1,268		$	—		$	1,521

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2016



	Apache Corporation			Apache Finance Canada			All Other Subsidiaries of Apache Corporation			Reclassifications & Eliminations			Consolidated
	(In millions)
CASH PROVIDED BY OPERATING ACTIVITIES	$	44		$	11		$	184		$	—		$	239
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and gas property	(81		)	—			(465		)	—			(546		)
Leasehold and property acquisitions	(19		)	—			—			—			(19		)
Additions to gas gathering, transmission, and processing facilities	1			—			(1		)	—			—
Investment in subsidiaries, net	(6		)	—			—			6			—
Other	(34		)	—			44			—			10
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(139		)	—			(422		)	6			(555		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Intercompany borrowings	—			(7		)	13			(6		)	—
Distributions to noncontrolling interest	—			—			(54		)	—			(54		)
Dividends paid	(95		)	—			—			—			(95		)
Other	1			(4		)	5			—			2
NET CASH USED IN FINANCING ACTIVITIES	(94		)	(11		)	(36		)	(6		)	(147		)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(189		)	—			(274		)	—			(463		)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	378			—			1,089			—			1,467
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	189		$	—		$	815		$	—		$	1,004

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2017



	Apache Corporation			Apache Finance Canada			All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	253		$	—		$	1,268	$	—		$	1,521
Receivables, net of allowance	321			—			850		—			1,171
Inventories	25			—			429		—			454
Drilling advances	4			—			89		—			93
Prepaid assets and other	140			—			47		—			187
Intercompany receivable	5,199			—			—		(5,199		)	—
	5,942			—			2,683		(5,199		)	3,426
PROPERTY AND EQUIPMENT, NET	7,108			—			11,672		—			18,780
OTHER ASSETS:
Intercompany receivable	—			—			12,531		(12,531		)	—
Equity in affiliates	15,739			(1,234		)	699		(15,204		)	—
Deferred charges and other	101			1,000			303		(1,000		)	404
	$	28,890		$	(234	)	$	27,888	$	(33,934	)	$	22,610
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	364		$	(10	)	$	210	$	—		$	564
Other current liabilities	593			8			733		—			1,334
Intercompany payable	—			—			5,199		(5,199		)	—
	957			(2		)	6,142		(5,199		)	1,898
LONG-TERM DEBT	8,030			297			—		—			8,327
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:
Intercompany payable	12,531			—			—		(12,531		)	—
Income taxes	(252		)	5			2,036		—			1,789
Asset retirement obligation	344			—			2,116		—			2,460
Other	895			1			417		(1,000		)	313
	13,518			6			4,569		(13,531		)	4,562
COMMITMENTS AND CONTINGENCIES
APACHE SHAREHOLDERS’ EQUITY	6,385			(535		)	15,739		(15,204		)	6,385
Noncontrolling interest	—			—			1,438		—			1,438
TOTAL EQUITY	6,385			(535		)	17,177		(15,204		)	7,823
	$	28,890		$	(234	)	$	27,888	$	(33,934	)	$	22,610

APACHE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2016



	Apache Corporation			Apache Finance Canada			All Other Subsidiaries of Apache Corporation		Reclassifications & Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	344		$	—		$	1,033	$	—		$	1,377
Receivables, net of allowance	358			—			770		—			1,128
Inventories	29			—			447		—			476
Drilling advances	4			—			77		—			81
Prepaid assets and other	134			—			45		—			179
Intercompany receivable	5,038			—			—		(5,038		)	—
	5,907			—			2,372		(5,038		)	3,241
PROPERTY AND EQUIPMENT, NET	7,014			—			11,853		—			18,867
OTHER ASSETS:
Intercompany receivable	—			—			12,152		(12,152		)	—
Equity in affiliates	15,517			(1,240		)	706		(14,983		)	—
Deferred charges and other	97			1,000			314		(1,000		)	411
	$	28,535		$	(240	)	$	27,397	$	(33,173	)	$	22,519
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	371		$	(12	)	$	226	$	—		$	585
Other current liabilities	653			3			602		—			1,258
Intercompany payable	—			—			5,038		(5,038		)	—
	1,024			(9		)	5,866		(5,038		)	1,843
LONG-TERM DEBT	8,247			297			—		—			8,544
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:
Intercompany payable	12,152			—			—		(12,152		)	—
Income taxes	(271		)	5			1,976		—			1,710
Asset retirement obligation	257			—			2,175		—			2,432
Other	888			1			422		(1,000		)	311
	13,026			6			4,573		(13,152		)	4,453
COMMITMENTS AND CONTINGENCIES
APACHE SHAREHOLDERS’ EQUITY	6,238			(534		)	15,517		(14,983		)	6,238
Noncontrolling interest	—			—			1,441		—			1,441
TOTAL EQUITY	6,238			(534		)	16,958		(14,983		)	7,679
	$	28,535		$	(240	)	$	27,397	$	(33,173	)	$	22,519