APA FY 2006 Earnings Report — APA Corporation Revenue & Financial Results | Market Cap Arena

APA CorporationAPA

FY 2006 Earnings

Reported March 1, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$8.1B	—	—	—	—
Op. Income	$4.3B	—	—	—	—
Gross Margin	81.8%	—	—	—	—
Net Margin	31.6%	—	—	—	—
EPS (Diluted)	$7.64	—	—	—	—
Free Cash Flow	$173M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$1.5B
GROSS PROFIT	$6.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$211M
SG&A Expenses	$211M
Other Expenses	$2.1B
Operating Expenses	$2.3B
Cost & Expenses	$3.7B
OPERATING INCOME	$4.3B
Interest Income	$16M
Interest Expense	$158M
Other Income/Expenses	-$315M
INCOME BEFORE TAX	$4.0B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$1.8B
EBIT	$4.0B
EBITDA	$5.8B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$1.5B
GROSS PROFIT	$6.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$211M
SG&A Expenses	$211M
Other Expenses	$2.1B
Operating Expenses	$2.3B
Cost & Expenses	$3.7B
OPERATING INCOME	$4.3B
Interest Income	$16M
Interest Expense	$158M
Other Income/Expenses	-$315M
INCOME BEFORE TAX	$4.0B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$1.8B
EBIT	$4.0B
EBITDA	$5.8B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$2.6B
Depreciation & Amortization	$1.8B
Stock-Based Compensation	$0
Deferred Income Tax	$751M
Other Non-Cash Items	-$52M
Change in Working Capital	-$755M
OPERATING CASH FLOW	$4.3B
Capital Expenditure	-$4.1B
Acquisitions (Net)	-$1.9B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$264M
NET CASH FROM INVESTING	-$5.8B
Net Debt Issuance	$1.6B
Common Stock Repurchased	-$167M
Common Dividends Paid	-$154M
Other Financing Activities	$34M
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	$173M
Net Change in Cash	-$88M

Balance Sheet

Item	Amount
Cash & Equivalents	$141M
Short-Term Investments	$0
Net Receivables	$1.7B
Inventory	$320M
Other Current Assets	$219M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$21.3B
Goodwill	$189M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$282M
TOTAL NON-CURRENT ASSETS	$21.8B
TOTAL ASSETS	$24.3B
Account Payables	$645M
Short-Term Debt	$1.8B
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.6B
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$7.3B
TOTAL LIABILITIES	$11.1B
Common Stock	$212M
Additional Paid-In Capital	$4.3B
Retained Earnings	$8.9B
Treasury Stock	-$257M
Accum. Other Comp. Income	-$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.2B
Minority Interest	$0
TOTAL EQUITY	$13.2B
TOTAL LIABILITIES & EQUITY	$24.3B
Total Debt	$3.8B
Net Debt	$3.7B