← APA Corp

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — $4.1b $3.2b $1.1b $1.7b
Net Income (Loss) Attributable to Parent — — — $3.6b $2.9b $804.0m $1.4b
Net Income (Loss) Available to Common Stockholders, Basic — ($4.9b) $973.0m $3.7b $2.9b $804.0m $1.4b
Net income including noncontrolling interests ($3.7b) ($4.9b) $1.3b $4.1b $3.2b $1.1b $1.7b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — ($4.9b) $1.3b $4.1b $3.2b $1.1b $1.7b
Depreciation, Depletion and Amortization $2.7b $1.8b $1.4b $1.2b $1.5b $2.3b $2.3b
Amortization of Debt Issuance Costs — $8.0m $8.0m $8.0m $4.0m $6.0m $7.0m
Depreciation Amortization Depletion — — — $1.2b $1.5b $2.3b $2.3b
Deferred Income Tax Expense (Benefit) — ($112.0m) ($74.0m) $145.0m ($1.7b) ($736.0m) $360.0m
Provision for (benefit from) deferred income taxes $14.0m ($112.0m) ($74.0m) $145.0m ($1.7b) ($736.0m) $360.0m
Deferred Income Tax — — — $145.0m ($1.7b) ($736.0m) $360.0m
Deferred Tax — — — $145.0m ($1.7b) ($736.0m) $360.0m
Share-based Payment Arrangement, Noncash Expense — $47.0m $175.0m $348.0m — — —
Share-based Payment Arrangement, Expense — $40.0m $157.0m $304.0m $84.0m $49.0m $107.0m
Equity Method Investment, Other than Temporary Impairment — $0 $160.0m $0 — — —
Goodwill, Impairment Loss — $87.0m $0 $0 — — —
Share-based Payment Arrangement, Expensed and Capitalized, Amount — — — — $97.0m $58.0m $122.0m
Exploratory dry hole expense and unproved leasehold impairments $676.0m $211.0m $97.0m $207.0m $114.0m $236.0m $69.0m
Impairments $2.9b $4.5b $208.0m $0 $61.0m $1.1b $44.0m
Asset Impairment Charge — — — $0 $61.0m $1.1b $44.0m
Gain (Loss) on Extinguishment of Debt — $160.0m ($104.0m) ($67.0m) $9.0m $0 $147.0m
Gain (Loss) on Disposition of Business — $32.0m $67.0m $1.2b $8.0m $289.0m $301.0m
Gain (Loss) on Disposition of Other Assets — — — — — — $60.0m
Income Tax Expense (Benefit) — $64.0m $578.0m $1.7b ($324.0m) $417.0m $1.1b
Operating Lease, Expense — $1.1b $1.2b $1.4b $1.4b $1.7b $1.5b
Other Nonoperating Income (Expense) — $64.0m $228.0m $148.0m $18.0m ($6.0m) ($8.0m)
Gain on divestitures, net ($43.0m) ($32.0m) ($67.0m) ($1.2b) ($8.0m) ($289.0m) ($301.0m)
Gain from extinguishment of debt $75.0m ($160.0m) $104.0m $67.0m ($9.0m) $0 ($147.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — ($149.0m) $386.0m $93.0m $157.0m $104.0m ($850.0m)
Increase (Decrease) in Inventories — ($19.0m) $9.0m $1.0m ($13.0m) $11.0m ($7.0m)
Increase (Decrease) in Accounts Payable — ($167.0m) $245.0m ($4.0m) ($84.0m) $81.0m ($365.0m)
Accretion Expense, Including Asset Retirement Obligations — $109.0m $113.0m $117.0m — — —
Asset Retirement Obligation, Accretion Expense — $109.0m $113.0m $117.0m $116.0m $148.0m $158.0m
Gain (Loss) on Sale of Properties — $32.0m $67.0m $1.2b $8.0m $289.0m $301.0m
General and Administrative Expense — $290.0m $376.0m $483.0m $351.0m $372.0m $350.0m
Goodwill — $0 — $0 — — —
Inventory Write-down — — — — $50.0m $18.0m $7.0m
Investment Income, Interest — $7.0m $8.0m $10.0m $10.0m $12.0m $25.0m
Operating Expenses — $8.5b $5.1b $5.5b $4.6b $7.3b $5.9b
Unrealized Gain (Loss) on Derivatives — ($87.0m) $69.0m ($67.0m) $51.0m ($8.0m) ($77.0m)
Unrealized derivative instrument (gains) losses, net $44.0m $87.0m ($69.0m) $67.0m ($51.0m) $8.0m $77.0m
Asset retirement obligation accretion $107.0m $109.0m $113.0m $117.0m $116.0m $148.0m $158.0m
(Gains) losses on previously sold Gulf of America properties $0 $0 $446.0m $157.0m $212.0m $273.0m ($60.0m)
Other ($55.0m) ($44.0m) ($29.0m) ($73.0m) $26.0m $2.0m $57.0m
Receivables $133.0m $149.0m ($386.0m) ($93.0m) ($157.0m) ($104.0m) $850.0m
Inventories ($41.0m) $19.0m ($9.0m) ($1.0m) $13.0m ($11.0m) $7.0m
Drilling advances and other current assets $30.0m ($29.0m) $71.0m ($15.0m) $269.0m ($56.0m) $223.0m
Deferred charges and other long-term assets $0 ($13.0m) ($42.0m) $69.0m $270.0m $11.0m $36.0m
Accounts payable ($5.0m) ($167.0m) $245.0m ($4.0m) ($84.0m) $81.0m ($365.0m)
Accrued expenses ($84.0m) ($163.0m) $127.0m $303.0m ($400.0m) ($221.0m) ($199.0m)
Deferred credits and noncurrent liabilities ($36.0m) $18.0m $31.0m ($138.0m) ($328.0m) ($235.0m) ($260.0m)
Additions to oil and gas property ($2.6b) ($1.3b) ($1.1b) ($1.8b) ($2.3b) ($2.9b) ($2.7b)
Acquisition of Delaware Basin properties — — $0 ($591.0m) ($24.0m) $0 $0
Leasehold and property acquisitions ($40.0m) ($4.0m) ($9.0m) ($37.0m) ($20.0m) ($60.0m) ($26.0m)
Proceeds from sale of Kinetik shares — $0 $0 $224.0m $228.0m $428.0m $0
Other, net ($31.0m) ($3.0m) $52.0m ($17.0m) ($15.0m) ($38.0m) ($28.0m)
Payments on commercial paper and revolving credit facilities, net — — — — ($194.0m) ($40.0m) ($333.0m)
Proceeds from term loan facility — — — $0 $0 $1.5b $0
Payments on term loan facility — — — $0 $0 ($600.0m) ($900.0m)
Payment on Callon Credit Agreement — — — $0 $0 ($472.0m) $0
Fixed rate debt borrowings $989.0m $1.2b $0 $0 $0 $0 $846.0m
Treasury stock activity, net $2.0m $1.0m ($847.0m) ($1.4b) ($329.0m) ($246.0m) ($280.0m)
Beginning Cash Position — — — $302.0m $245.0m $87.0m $625.0m
Cash Flow From Continuing Financing Activities — — — ($3.5b) ($1.1b) ($2.2b) ($2.5b)
Cash Flow From Continuing Investing Activities — — — ($1.5b) ($2.1b) ($924.0m) ($2.2b)
Change In Account Payable — — — ($4.0m) ($84.0m) $81.0m ($365.0m)
Change In Accrued Expense — — — $303.0m ($400.0m) ($221.0m) ($199.0m)
Change In Inventory — — — ($1.0m) $13.0m ($11.0m) $7.0m
Change In Other Working Capital — — — ($69.0m) ($58.0m) ($224.0m) ($224.0m)
Change In Payable — — — ($4.0m) ($84.0m) $81.0m ($365.0m)
Change In Payables And Accrued Expense — — — $299.0m ($484.0m) ($140.0m) ($564.0m)
Change In Prepaid Assets — — — ($15.0m) $269.0m ($56.0m) $223.0m
Change In Receivables — — — ($93.0m) ($157.0m) ($104.0m) $850.0m
Change In Working Capital — — — $121.0m ($417.0m) ($535.0m) $292.0m
Changes In Cash — — — ($57.0m) ($158.0m) $538.0m ($109.0m)
End Cash Position — — — $245.0m $87.0m $625.0m $516.0m
Financing Cash Flow — — — ($3.5b) ($1.1b) ($2.2b) ($2.5b)
Free Cash Flow — — — $2.5b $772.0m $709.0m $1.8b
Gain Loss On Investment Securities — — — $67.0m ($51.0m) $8.0m $77.0m
Gain Loss On Sale Of Business — — — ($1.2b) ($8.0m) ($289.0m) ($301.0m)
Investing Cash Flow — — — ($1.5b) ($2.1b) ($924.0m) ($2.2b)
Net Business Purchase And Sale — — — $81.0m $228.0m $428.0m $0
Net PPE Purchase And Sale — — — ($2.4b) ($2.4b) ($2.9b) ($2.8b)
Operating Gains Losses — — — ($1.0b) ($68.0m) ($281.0m) ($371.0m)
Other Non Cash Items — — — $408.0m $468.0m $659.0m $224.0m
Purchase Of Business — — $0 ($143.0m) $0 $0 —
Purchase Of PPE — — — ($2.4b) ($2.4b) ($2.9b) ($2.8b)
Repurchase Of Capital Stock — — ($847.0m) ($1.4b) ($329.0m) — —
Sale Of Business — — — $224.0m $228.0m $428.0m $0
Derivative, Gain (Loss) on Derivative, Net — ($136.0m) $25.0m ($47.0m) $48.0m ($2.0m) $24.0m
Gain (Loss) on Derivative Instruments, Net, Pretax — ($223.0m) $94.0m ($114.0m) $99.0m ($10.0m) ($53.0m)
Net Cash Provided by (Used in) Operating Activities $2.9b $1.4b $3.5b $4.9b $3.1b $3.6b $4.5b
Cash flows from investing activities:
Net Investment Purchase And Sale — — $0 $224.0m $228.0m — —
Sale Of Investment — — $0 $224.0m $228.0m — —
Proceeds from asset divestitures $718.0m $166.0m $256.0m $778.0m $29.0m $1.6b $611.0m
Payments for (Proceeds from) Other Investing Activities — $3.0m ($52.0m) ($28.0m) $38.0m $50.0m ($2.0m)
Net Other Investing Changes — — — $806.0m ($9.0m) $1.6b $613.0m
Net Cash Provided by (Used in) Investing Activities ($3.4b) ($1.5b) ($833.0m) ($1.5b) ($2.1b) ($924.0m) ($2.2b)
Cash flows from financing activities:
Issuance Of Debt — — — $0 $0 $1.5b $846.0m
Long Term Debt Issuance — — — $0 $0 $1.5b $846.0m
Net Issuance Payments Of Debt — — — ($1.5b) ($259.0m) ($1.3b) ($1.4b)
Net Long Term Debt Issuance — — — ($1.5b) ($65.0m) ($1.2b) ($1.1b)
Net Short Term Debt Issuance — — — $24.0m ($194.0m) ($40.0m) ($333.0m)
Short Term Debt Issuance — — $425.0m $24.0m — — —
Payments on fixed-rate debt ($1.1b) ($1.2b) ($1.8b) ($1.5b) ($65.0m) ($1.6b) ($1.0b)
Long Term Debt Payments — — — ($1.5b) ($65.0m) ($2.7b) ($1.9b)
Repayment Of Debt — — — ($1.5b) ($65.0m) ($2.7b) ($1.9b)
Net Common Stock Issuance — — — ($1.4b) ($329.0m) ($246.0m) ($280.0m)
Payments of Ordinary Dividends, Common Stock — $123 $52 $207 $308 $353 $360
Common Stock Payments — — ($847.0m) ($1.4b) ($329.0m) — —
Distributions to noncontrolling interest ($305.0m) ($91.0m) ($279.0m) ($362.0m) ($238.0m) ($268.0m) ($430.0m)
Dividends paid to APA common stockholders ($376) ($123) ($52) ($207) ($308) ($353) ($360)
Cash Dividends Paid — — — ($207.0m) ($308.0m) ($353.0m) ($360.0m)
Common Stock Dividend Paid — — — ($207.0m) ($308.0m) ($353.0m) ($360.0m)
Preferred Stock Dividend Paid — — ($46.0m) ($11.0m) — — —
Proceeds from (Payments for) Other Financing Activities — ($44.0m) ($29.0m) ($17.0m) ($15.0m) ($38.0m) ($28.0m)
Net Other Financing Charges — — — ($390.0m) ($253.0m) ($306.0m) ($458.0m)
Net Cash Provided by (Used in) Financing Activities $112.0m $93.0m ($2.6b) ($3.5b) ($1.1b) ($2.2b) ($2.5b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $15.0m $40.0m ($57.0m) ($158.0m) $538.0m ($109.0m)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ($467.0m) $15.0m $40.0m ($57.0m) ($158.0m) $538.0m ($109.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $262.0m $302.0m $245.0m $87.0m $625.0m $516.0m
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR $247.0m $262.0m $302.0m $245.0m $87.0m $625.0m $516.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — ($57.0m) ($158.0m) $538.0m ($109.0m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $394.0m $419.0m $442.0m $322.0m $329.0m $372.0m $281.0m
Income Taxes Paid, Net $649.0m $212.0m $633.0m $1.4b $1.3b $1.1b $999.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.