SUPPLEMENTAL GUARANTOR INFORMATION | 3 Months Ended |
Mar. 31, 2014 |
Guarantees [Abstract] | ' |
SUPPLEMENTAL GUARANTOR INFORMATION | ' |
11. SUPPLEMENTAL GUARANTOR INFORMATION |
In December 1999, Apache Finance Canada issued approximately $300 million of publicly-traded notes due in 2029. The notes 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 has been fully consolidated in Apache’s consolidated financial statements. As such, these condensed consolidating financial statements should be read in conjunction with Apache’s consolidated financial statements and the notes thereto, of which this note is an integral part. |
|
APACHE CORPORATION AND SUBSIDIARIES |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS |
For the Quarter Ended March 31, 2014 |
|
| | | | | | | | | | | | | | | | | | | | |
| | Apache | | | Apache | | | All Other | | | Reclassifications | | | Consolidated | |
Corporation | Finance | Subsidiaries | & Eliminations |
| Canada | of Apache | |
| | Corporation | |
| | (In millions) | |
REVENUES AND OTHER: | | | | | | | | | | | | | | | | | | | | |
Oil and gas production revenues | | $ | 892 | | | $ | — | | | $ | 2,755 | | | $ | — | | | $ | 3,647 | |
Equity in net income (loss) of affiliates | | | 253 | | | | 29 | | | | (6 | ) | | | (276 | ) | | | — | |
Derivative instrument losses, net | | | (20 | ) | | | — | | | | — | | | | — | | | | (20 | ) |
Other | | | (3 | ) | | | 14 | | | | 38 | | | | (1 | ) | | | 48 | |
| | | | | | | | | | | | | | | | | | | | |
| | | 1,122 | | | | 43 | | | | 2,787 | | | | (277 | ) | | | 3,675 | |
| | | | | | | | | | | | | | | | | | | | |
OPERATING EXPENSES: | | | | | | | | | | | | | | | | | | | | |
Depreciation, depletion and amortization | | | 328 | | | | — | | | | 878 | | | | — | | | | 1,206 | |
Asset retirement obligation accretion | | | 7 | | | | — | | | | 37 | | | | — | | | | 44 | |
Lease operating expenses | | | 128 | | | | — | | | | 469 | | | | — | | | | 597 | |
Gathering and transportation | | | 14 | | | | — | | | | 56 | | | | — | | | | 70 | |
Taxes other than income | | | 79 | | | | — | | | | 102 | | | | — | | | | 181 | |
General and administrative | | | 107 | | | | — | | | | 13 | | | | (1 | ) | | | 119 | |
Acquisitions, divestitures, and transition | | | 2 | | | | — | | | | — | | | | — | | | | 2 | |
Financing costs, net | | | 32 | | | | 10 | | | | (15 | ) | | | — | | | | 27 | |
| | | | | | | | | | | | | | | | | | | | |
| | | 697 | | | | 10 | | | | 1,540 | | | | (1 | ) | | | 2,246 | |
| | | | | | | | | | | | | | | | | | | | |
NET INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | | | 425 | | | | 33 | | | | 1,247 | | | | (276 | ) | | | 1,429 | |
Provision for income taxes | | | 62 | | | | 10 | | | | 506 | | | | — | | | | 578 | |
| | | | | | | | | | | | | | | | | | | | |
NET INCOME FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST | | | 363 | | | | 23 | | | | 741 | | | | (276 | ) | | | 851 | |
Net loss from discontinued operations, net of tax | | | (127 | ) | | | — | | | | (390 | ) | | | — | | | | (517 | ) |
| | | | | | | | | | | | | | | | | | | | |
NET INCOME INCLUDING NONCONTROLLING INTEREST | | | 236 | | | | 23 | | | | 351 | | | | (276 | ) | | | 334 | |
Net income attributable to noncontrolling interest | | | — | | | | — | | | | 98 | | | | — | | | | 98 | |
| | | | | | | | | | | | | | | | | | | | |
NET INCOME ATTRIBUTABLE TO COMMON STOCK | | $ | 236 | | | $ | 23 | | | $ | 253 | | | $ | (276 | ) | | $ | 236 | |
| | | | | | | | | | | | | | | | | | | | |
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCK (1) | | $ | 235 | | | $ | 23 | | | $ | 253 | | | $ | (276 | ) | | $ | 235 | |
| | | | | | | | | | | | | | | | | | | | |
|
(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 March 31, 2013 |
|
| | | | | | | | | | | | | | | | | | | | |
| | Apache | | | Apache | | | All Other | | | Reclassifications | | | Consolidated | |
Corporation | Finance | Subsidiaries | & Eliminations |
| Canada | of Apache | |
| | Corporation | |
| | (In millions) | |
REVENUES AND OTHER: | | | | | | | | | | | | | | | | | | | | |
Oil and gas production revenues | | $ | 1,146 | | | $ | — | | | $ | 2,875 | | | $ | — | | | $ | 4,021 | |
Equity in net income (loss) of affiliates | | | 610 | | | | (11 | ) | | | 3 | | | | (602 | ) | | | — | |
Other | | | (102 | ) | | | 15 | | | | 14 | | | | (2 | ) | | | (75 | ) |
| | | | | | | | | | | | | | | | | | | | |
| | | 1,654 | | | | 4 | | | | 2,892 | | | | (604 | ) | | | 3,946 | |
| | | | | | | | | | | | | | | | | | | | |
OPERATING EXPENSES: | | | | | | | | | | | | | | | | | | | | |
Depreciation, depletion and amortization | | | 401 | | | | — | | | | 911 | | | | — | | | | 1,312 | |
Asset retirement obligation accretion | | | 20 | | | | — | | | | 43 | | | | — | | | | 63 | |
Lease operating expenses | | | 281 | | | | — | | | | 441 | | | | — | | | | 722 | |
Gathering and transportation | | | 14 | | | | — | | | | 59 | | | | — | | | | 73 | |
Taxes other than income | | | 44 | | | | — | | | | 185 | | | | — | | | | 229 | |
General and administrative | | | 100 | | | | — | | | | 14 | | | | (2 | ) | | | 112 | |
Financing costs, net | | | 34 | | | | 14 | | | | 7 | | | | — | | | | 55 | |
| | | | | | | | | | | | | | | | | | | | |
| | | 894 | | | | 14 | | | | 1,660 | | | | (2 | ) | | | 2,566 | |
| | | | | | | | | | | | | | | | | | | | |
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | | | 760 | | | | (10 | ) | | | 1,232 | | | | (602 | ) | | | 1,380 | |
Provision (benefit) for income taxes | | | 43 | | | | (2 | ) | | | 561 | | | | — | | | | 602 | |
| | | | | | | | | | | | | | | | | | | | |
NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST | | | 717 | | | | (8 | ) | | | 671 | | | | (602 | ) | | | 778 | |
Net loss from discontinued operations, net of tax | | | — | | | | — | | | | (61 | ) | | | — | | | | (61 | ) |
| | | | | | | | | | | | | | | | | | | | |
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST | | | 717 | | | | (8 | ) | | | 610 | | | | (602 | ) | | | 717 | |
Preferred stock dividends | | | 19 | | | | — | | | | — | | | | — | | | | 19 | |
| | | | | | | | | | | | | | | | | | | | |
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK | | $ | 698 | | | $ | (8 | ) | | $ | 610 | | | $ | (602 | ) | | $ | 698 | |
| | | | | | | | | | | | | | | | | | | | |
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK (1) | | $ | 696 | | | $ | (8 | ) | | $ | 610 | | | $ | (602 | ) | | $ | 696 | |
| | | | | | | | | | | | | | | | | | | | |
|
(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 CASH FLOWS |
For the Quarter Ended March 31, 2014 |
|
| | Apache | | | Apache | | | All Other | | | Reclassifications | | | Consolidated | |
Corporation | Finance | Subsidiaries | & Eliminations |
| Canada | of Apache | |
| | Corporation | |
| | (In millions) | |
CASH PROVIDED BY (USED IN) CONTINUING OPERATING ACTIVITIES | | $ | (186 | ) | | $ | (15 | ) | | $ | 2,412 | | | $ | — | | | $ | 2,211 | |
CASH PROVIDED BY DISCONTINUED OPERATIONS | | | — | | | | — | | | | 82 | | | | — | | | | 82 | |
| | | | | | | | | | | | | | | | | | | | |
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | | | (186 | ) | | | (15 | ) | | | 2,494 | | | | — | | | | 2,293 | |
| | | | | |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | | | | | | | | | | |
Additions to oil and gas property | | | (740 | ) | | | — | | | | (1,622 | ) | | | — | | | | (2,362 | ) |
Additions to gas gathering, transmission and processing facilities | | | (19 | ) | | | — | | | | (325 | ) | | | — | | | | (344 | ) |
Investment in subsidiaries, net | | | 1,320 | | | | — | | | | — | | | | (1,320 | ) | | | — | |
Other | | | (7 | ) | | | — | | | | 16 | | | | — | | | | 9 | |
| | | | | | | | | | | | | | | | | | | | |
NET CASH PROVIDED BY (USED IN) CONTINUING INVESTING ACTIVITIES | | | 554 | | | | — | | | | (1,931 | ) | | | (1,320 | ) | | | (2,697 | ) |
NET CASH PROVIDED BY DISCONTINUED OPERATIONS | | | — | | | | — | | | | 748 | | | | — | | | | 748 | |
| | | | | | | | | | | | | | | | | | | | |
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | | | 554 | | | | — | | | | (1,183 | ) | | | (1,320 | ) | | | (1,949 | ) |
| | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | | | | | | | | | | |
Commercial paper and bank credit facilities, net | | | 42 | | | | — | | | | (44 | ) | | | — | | | | (2 | ) |
Intercompany borrowings | | | — | | | | 10 | | | | (1,329 | ) | | | 1,319 | | | | — | |
Dividends paid | | | (79 | ) | | | — | | | | — | | | | — | | | | (79 | ) |
Treasury stock activity, net | | | (484 | ) | | | — | | | | — | | | | — | | | | (484 | ) |
Other | | | — | | | | 5 | | | | (6 | ) | | | 1 | | | | — | |
| | | | | | | | | | | | | | | | | | | | |
NET CASH PROVIDED BY (USED IN) CONTINUING FINANCING ACTIVITIES | | | (521 | ) | | | 15 | | | | (1,379 | ) | | | 1,320 | | | | (565 | ) |
NET CASH USED IN DISCONTINUED OPERATIONS | | | — | | | | — | | | | (42 | ) | | | — | | | | (42 | ) |
| | | | | | | | | | | | | | | | | | | | |
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | | | (521 | ) | | | 15 | | | | (1,421 | ) | | | 1,320 | | | | (607 | ) |
| | | | | |
NET DECREASE IN CASH AND CASH EQUIVALENTS | | | (153 | ) | | | — | | | | (110 | ) | | | — | | | | (263 | ) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | | | 155 | | | | 3 | | | | 1,748 | | | | — | | | | 1,906 | |
| | | | | | | | | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | | $ | 2 | | | $ | 3 | | | $ | 1,638 | | | $ | — | | | $ | 1,643 | |
| | | | | | | | | | | | | | | | | | | | |
|
|
APACHE CORPORATION AND SUBSIDIARIES |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |
For the Quarter Ended March 31, 2013 |
|
| | | | | | | | | | | | | | | | | | | | |
| | Apache | | | Apache | | | All Other | | | Reclassifications | | | Consolidated | |
Corporation | Finance | Subsidiaries | & Eliminations |
| Canada | of Apache | |
| | Corporation | |
| | (In millions) | |
CASH PROVIDED BY (USED IN) CONTINUING OPERATING ACTIVITIES | | $ | 149 | | | $ | (61 | ) | | $ | 2,469 | | | $ | — | | | $ | 2,557 | |
CASH PROVIDED BY DISCONTINUED OPERATIONS | | | — | | | | — | | | | 64 | | | | — | | | | 64 | |
| | | | | | | | | | | | | | | | | | | | |
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | | | 149 | | | | (61 | ) | | | 2,533 | | | | — | | | | 2,621 | |
| | | | | |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | | | | | | | | | | |
Additions to oil and gas property | | | (908 | ) | | | — | | | | (1,603 | ) | | | — | | | | (2,511 | ) |
Additions to gas gathering, transmission and processing facilities | | | (45 | ) | | | — | | | | (209 | ) | | | — | | | | (254 | ) |
Acquisitions, other | | | — | | | | — | | | | (148 | ) | | | — | | | | (148 | ) |
Proceeds from Kitimat LNG transaction, net | | | — | | | | — | | | | 405 | | | | — | | | | 405 | |
Investment in subsidiaries, net | | | 770 | | | | — | | | | — | | | | (770 | ) | | | — | |
Other | | | (44 | ) | | | — | | | | 3 | | | | — | | | | (41 | ) |
| | | | | | | | | | | | | | | | | | | | |
NET CASH USED IN CONTINUING INVESTING ACTIVITIES | | | (227 | ) | | | — | | | | (1,552 | ) | | | (770 | ) | | | (2,549 | ) |
NET CASH USED IN DISCONTINUED OPERATIONS | | | — | | | | — | | | | (43 | ) | | | — | | | | (43 | ) |
| | | | | | | | | | | | | | | | | | | | |
NET CASH USED IN INVESTING ACTIVITIES | | | (227 | ) | | | — | | | | (1,595 | ) | | | (770 | ) | | | (2,592 | ) |
| | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | | | | | | | | | | |
Commercial paper and bank credit facilities, net | | | 157 | | | | — | | | | (2 | ) | | | — | | | | 155 | |
Intercompany borrowings | | | — | | | | — | | | | (764 | ) | | | 764 | | | | — | |
Dividends paid | | | (86 | ) | | | — | | | | — | | | | — | | | | (86 | ) |
Other | | | 12 | | | | 56 | | | | (62 | ) | | | 6 | | | | 12 | |
| | | | | | | | | | | | | | | | | | | | |
NET CASH PROVIDED BY (USED IN) CONTINUING FINANCING ACTIVITIES | | | 83 | | | | 56 | | | | (828 | ) | | | 770 | | | | 81 | |
NET CASH USED IN DISCONTINUED OPERATIONS | | | — | | | | — | | | | (22 | ) | | | — | | | | (22 | ) |
| | | | | | | | | | | | | | | | | | | | |
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | | | 83 | | | | 56 | | | | (850 | ) | | | 770 | | | | 59 | |
| | | | | |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | | | 5 | | | | (5 | ) | | | 88 | | | | — | | | | 88 | |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | | | — | | | | 5 | | | | 155 | | | | — | | | | 160 | |
| | | | | | | | | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | | $ | 5 | | | $ | — | | | $ | 243 | | | $ | — | | | $ | 248 | |
| | | | | | | | | | | | | | | | | | | | |
|
APACHE CORPORATION AND SUBSIDIARIES |
CONDENSED CONSOLIDATING BALANCE SHEET |
March 31, 2014 |
|
| | | | | | | | | | | | | | | | | | | | |
| | Apache | | | Apache | | | All Other | | | Reclassifications | | | Consolidated | |
Corporation | Finance | Subsidiaries | & Eliminations |
| Canada | of Apache | |
| | Corporation | |
| | (In millions) | |
ASSETS | | | | |
CURRENT ASSETS: | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 2 | | | $ | 3 | | | $ | 1,638 | | | $ | — | | | $ | 1,643 | |
Receivables, net of allowance | | | 881 | | | | — | | | | 1,598 | | | | — | | | | 2,479 | |
Inventories | | | 32 | | | | — | | | | 695 | | | | — | | | | 727 | |
Drilling advances | | | 19 | | | | 1 | | | | 303 | | | | — | | | | 323 | |
Prepaid assets and other | | | 104 | | | | — | | | | 187 | | | | — | | | | 291 | |
Intercompany receivable | | | 5,741 | | | | — | | | | — | | | | (5,741 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | |
| | | 6,779 | | | | 4 | | | | 4,421 | | | | (5,741 | ) | | | 5,463 | |
| | | | | | | | | | | | | | | | | | | | |
PROPERTY AND EQUIPMENT, NET | | | 16,777 | | | | — | | | | 35,975 | | | | — | | | | 52,752 | |
| | | | | | | | | | | | | | | | | | | | |
OTHER ASSETS: | | | | | | | | | | | | | | | | | | | | |
Intercompany receivable | | | 253 | | | | — | | | | 1,066 | | | | (1,319 | ) | | | — | |
Equity in affiliates | | | 24,996 | | | | 1,181 | | | | 444 | | | | (26,621 | ) | | | — | |
Goodwill, net | | | 173 | | | | — | | | | 1,196 | | | | — | | | | 1,369 | |
Deferred charges and other | | | 174 | | | | 1,007 | | | | 1,356 | | | | (1,000 | ) | | | 1,537 | |
| | | | | | | | | | | | | | | | | | | | |
| | $ | 49,152 | | | $ | 2,192 | | | $ | 44,458 | | | $ | (34,681 | ) | | $ | 61,121 | |
| | | | | | | | | | | | | | | | | | | | |
LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | | | | | | | | | | | | | | | |
CURRENT LIABILITIES: | | | | | | | | | | | | | | | | | | | | |
Accounts payable | | $ | 854 | | | $ | 12 | | | $ | 572 | | | $ | — | | | $ | 1,438 | |
Asset retirement obligation | | | 115 | | | | — | | | | 67 | | | | — | | | | 182 | |
Derivative instruments | | | 224 | | | | — | | | | — | | | | — | | | | 224 | |
Other current liabilities | | | 940 | | | | 7 | | | | 1,565 | | | | — | | | | 2,512 | |
Intercompany payable | | | — | | | | — | | | | 5,741 | | | | (5,741 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | |
| | | 2,133 | | | | 19 | | | | 7,945 | | | | (5,741 | ) | | | 4,356 | |
| | | | | | | | | | | | | | | | | | | | |
LONG-TERM DEBT | | | 9,374 | | | | 298 | | | | 1 | | | | — | | | | 9,673 | |
| | | | | | | | | | | | | | | | | | | | |
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES: | | | | | | | | | | | | | | | | | | | | |
Intercompany payable | | | — | | | | — | | | | 1,319 | | | | (1,319 | ) | | | — | |
Income taxes | | | 3,671 | | | | — | | | | 4,846 | | | | — | | | | 8,517 | |
Asset retirement obligation | | | 440 | | | | — | | | | 2,556 | | | | — | | | | 2,996 | |
Other | | | 452 | | | | 250 | | | | 700 | | | | (1,000 | ) | | | 402 | |
| | | | | | | | | | | | | | | | | | | | |
| | | 4,563 | | | | 250 | | | | 9,421 | | | | (2,319 | ) | | | 11,915 | |
| | | | | | | | | | | | | | | | | | | | |
COMMITMENTS AND CONTINGENCIES | | | | | | | | | | | | | | | | | | | | |
APACHE SHAREHOLDERS’ EQUITY | | | 33,082 | | | | 1,625 | | | | 24,996 | | | | (26,621 | ) | | | 33,082 | |
Noncontrolling interest | | | — | | | | — | | | | 2,095 | | | | — | | | | 2,095 | |
| | | | | | | | | | | | | | | | | | | | |
TOTAL EQUITY | | | 33,082 | | | | 1,625 | | | | 27,091 | | | | (26,621 | ) | | | 35,177 | |
| | | | | | | | | | | | | | | | | | | | |
| | $ | 49,152 | | | $ | 2,192 | | | $ | 44,458 | | | $ | (34,681 | ) | | $ | 61,121 | |
| | | | | | | | | | | | | | | | | | | | |
|
APACHE CORPORATION AND SUBSIDIARIES |
CONDENSED CONSOLIDATING BALANCE SHEET |
December 31, 2013 |
|
| | | | | | | | | | | | | | | | | | | | |
| | Apache | | | Apache | | | All Other | | | Reclassifications | | | Consolidated | |
Corporation | Finance | Subsidiaries | & Eliminations |
| Canada | of Apache | |
| | Corporation | |
| | | | | | | | (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 | |
| | | | | | | | | | | | | | | | | | | | |
|
| | | | | | | | | | | | | | | | | | | | |