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APA Corporation

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Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Operating Revenues

6,300

4,329

7,797

10,812

8,075

8,765

Impairment of Oil, Gas & Mineral Properties

2,252

4,420

31

24

22

21

Gain (Loss) on Sale of Assets, Total

—

—

—

—

—

—

—

—

—

—

194

Other Revenues, Total

—

54

64

228

148

18

-51

Total Revenues

6,354

4,393

8,025

10,960

8,093

8,908

Total Revenues % Chg.

-15.9%

-30.9%

82.7%

36.6%

-26.2%

-1.3%

Cost of Goods Sold, Total

1,725

1,679

2,945

3,324

2,358

2,549

Gross Profit

4,629

2,714

5,080

7,636

5,735

6,359

Selling General & Admin Expenses, Total

406

290

376

483

351

392

Exploration / Drilling Costs, Total

186

173

124

281

173

298

Depreciation & Amortization

2,680

1,772

1,360

1,233

1,540

1,859

Impairment of Oil, Gas & Mineral Properties

2,252

4,420

31

24

22

21

Other Operating Expenses

349

417

305

455

224

387

Other Operating Expenses, Total

5,873

7,072

2,196

2,476

2,310

2,957

Operating Income

-1,244

-4,358

2,884

5,160

3,425

3,402

Interest Expense, Total

-400

-267

-418

-322

-331

-345

Interest And Investment Income

13

—

8

10

10

11

Net Interest Expenses

-387

-267

-410

-312

-321

-334

Currency Exchange Gains (Loss)

—

—

—

—

—

—

—

Other Non Operating Income (Expenses)

—

—

—

—

-38

82

-44

—

—

EBT, Excl. Unusual Items

-1,631

-4,663

2,556

4,804

3,104

3,068

Restructuring Charges

—

-41

-52

—

—

—

46

Impairment of Goodwill

—

—

—

—

-87

—

—

—

—

Gain (Loss) On Sale Of Investments

—

—

—

—

—

-160

—

—

—

Gain (Loss) On Sale Of Assets

43

32

-379

1,023

-204

-204

Asset Writedown

—

—

-1,295

-68

—

—

-11

-11

Other Unusual Items

—

-84

-2

-126

-93

-6

-151

EBT, Incl. Unusual Items

-3,008

-4,840

1,891

5,734

2,883

2,748

Income Tax Expense

674

64

578

1,652

-324

-503

Earnings From Continuing Operations

-3,682

-4,904

1,313

4,082

3,207

3,251

Earnings Of Discontinued Operations

—

—

—

—

—

—

—

—

Minority Interest

129

44

-340

-408

-352

-346

Net Income

-3,553

-4,860

973

3,674

2,855

2,905

Net Income to Common Incl Extra Items

-3,553

-4,860

973

3,674

2,855

2,905

Net Income to Common Excl. Extra Items

-3,553

-4,860

973

3,674

2,855

2,905

Total Shares Outstanding

376.1

377.5

346.9

311.6

303.6

369.8

Weighted Avg. Shares Outstanding

377

378

374

332

308

321.5

Weighted Avg. Shares Outstanding Dil

377

378

375

333

309

322.5

EPS

-9.4

-12.9

2.6

11.1

9.3

9

EPS Diluted

-9.4

-12.9

2.6

11

9.3

9

EBITDA

3,795

1,943

4,388

6,534

5,103

5,417

Effective Tax Rate

-22.4%

-1.3%

30.6%

28.8%

-11.2%

-18.3%