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APA - APA Corporation

NASDAQ -> Energy -> Oil & Gas E&P
Houston, United States
Type: Equity

APA price evolution
APA
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $87 $95 $142 $154
Short term investments
Net receivables $1610 $1753 $1364 $1518
Inventory $453 $443 $488 $488
Total current assets $2462 $2800 $2599 $2732
Long term investments $437 $681 $695 $605
Property, plant & equipment $10038 $9500 $9368 $9179
Goodwill & intangible assets
Total noncurrent assets $12782 $10745 $10645 $10481
Total investments $437 $681 $695 $605
Total assets $15244 $13545 $13244 $13213
Current liabilities
Accounts payable $658 $741 $656 $658
Deferred revenue
Short long term debt $2 $2 $2 $2
Total current liabilities $2404 $2635 $2630 $2454
Long term debt $5186 $5582 $5574 $5796
Total noncurrent liabilities $9149 $8803 $8918 $9326
Total debt $5188 $5584 $5576 $5798
Total liabilities $11553 $11438 $11548 $11780
Shareholders' equity
Retained earnings -$2959 -$4732 -$5191 -$5572
Other shareholder equity $15 $17 $17 $17
Total shareholder equity $2655 $1078 $709 $444
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $87 $245 $302 $262
Short term investments
Net receivables $1610 $1466 $1394 $908
Inventory $453 $427 $473 $492
Total current assets $2462 $2708 $2380 $1846
Long term investments $437 $624 $1365 $1555
Property, plant & equipment $10038 $9012 $8335 $8819
Goodwill & intangible assets
Total noncurrent assets $12782 $10439 $10923 $10900
Total investments $437 $624 $1365 $1555
Total assets $15244 $13147 $13303 $12746
Current liabilities
Accounts payable $658 $771 $731 $444
Deferred revenue
Short long term debt $2 $2 $215 $2
Total current liabilities $2404 $2916 $2117 $1308
Long term debt $5186 $5451 $7295 $8770
Total noncurrent liabilities $9149 $8886 $11903 $12083
Total debt $5188 $5453 $7510 $8772
Total liabilities $11553 $12724 $14020 $13391
Shareholders' equity
Retained earnings -$2959 -$5814 -$9488 -$10461
Other shareholder equity $15 $14 $22 $14
Total shareholder equity $2655 $423 -$1595 -$1639
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $1892 $2309 $1961 $2030
Cost of revenue $1151 $1222 $1030 $1051
Gross Profit $741 $1087 $931 $979
Operating activities
Research & development
Selling, general & administrative $75 $139 $72 $65
Total operating expenses $124 $173 $149 $97
Operating income $617 $914 $782 $882
Income from continuing operations
EBIT $526 $818 $701 $798
Income tax expense -$1324 $278 $238 $484
Interest expense $77 $81 $82 $72
Net income
Net income $1773 $459 $381 $242
Income (for common shares) $1773 $459 $381 $242
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $8192 $12132 $7928 $4308
Cost of revenue $4454 $5393 $4804 $3927
Gross Profit $3738 $6739 $3124 $381
Operating activities
Research & development $173
Selling, general & administrative $351 $483 $376 $290
Total operating expenses $543 $626 $719 $4954
Operating income $3195 $6113 $2405 -$4573
Income from continuing operations
EBIT $2843 $5635 $2227 -$4453
Income tax expense -$324 $1652 $578 $64
Interest expense $312 $379 $514 $267
Net income
Net income $2855 $3604 $1135 -$4784
Income (for common shares) $2855 $3674 $973 -$4860
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $1773 $459 $381 $242
Operating activities
Depreciation $423 $418 $367 $332
Business acquisitions & disposals $257
Stock-based compensation
Total cash flows from operations $1030 $764 $1000 $335
Investing activities
Capital expenditures -$604 -$652 -$573 -$528
Investments
Total cash flows from investing -$356 -$667 -$583 -$532
Financing activities
Dividends paid -$76 -$77 -$77 -$78
Sale and purchase of stock -$121 -$20 -$46 -$142
Net borrowings -$396 $6 -$221 $352
Total cash flows from financing -$682 -$144 -$429 $106
Effect of exchange rate
Change in cash and equivalents -$8 -$47 -$12 -$91
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $2855 $3604 $1135 -$4784
Operating activities
Depreciation $1540 $1233 $1360 $1772
Business acquisitions & disposals $257 $859 $256 $166
Stock-based compensation
Total cash flows from operations $3129 $4943 $3496 $1388
Investing activities
Capital expenditures -$2357 -$2398 -$1113 -$1302
Investments -$28 -$327
Total cash flows from investing -$2138 -$1511 -$833 -$1466
Financing activities
Dividends paid -$308 -$207 -$52 -$123
Sale and purchase of stock -$329 -$1423 -$847 $1
Net borrowings -$259 -$1469 -$1370 $373
Total cash flows from financing -$1149 -$3489 -$2623 $93
Effect of exchange rate
Change in cash and equivalents -$158 -$57 $40 $15
Fundamentals
Market cap $10.23B
Enterprise value $15.33B
Shares outstanding 303.58M
Revenue $8.19B
EBITDA $4.38B
EBIT $2.84B
Net Income $2.85B
Revenue Q/Q -20.50%
Revenue Y/Y -32.48%
P/E ratio 3.58
EV/Sales 1.87
EV/EBITDA 3.50
EV/EBIT 5.39
P/S ratio 1.25
P/B ratio 3.88
Book/Share 8.70
Cash/Share 0.29
EPS $9.40
ROA 20.67%
ROE 233.73%
Debt/Equity 4.35
Net debt/EBITDA 2.62
Current ratio 1.02
Quick ratio 0.84