APACHE CORP (APA) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues [+]	-107.0	94.0	-223.0	0.0	7,764.0	5,887.0	5,367.0	6,987.0
Oil & gas								6,889.0
Revenue growth	-213.8%	-142.2%		-100.0%	31.9%	9.7%	-23.2%	-40.6%
Cost of goods sold [+]	-256.0	204.0	-123.0	207.0	215.0	346.0	326.0	2,452.0
Lease costs								1,854.0
Direct taxes	256.0		123.0			151.0	126.0	282.0
Natural gas midstream costs								211.0
Gross profit	149.0	-110.0	-100.0	-207.0	7,549.0	5,541.0	5,041.0	4,535.0
Gross margin	-139.3%	-117.0%	44.8%		97.2%	94.1%	93.9%	64.9%
Selling, general and administrative [+]	462.0	357.0	290.0	406.0	431.0	395.0	410.0	380.0
General and administrative [+]	462.0	357.0	290.0	406.0	431.0	395.0	410.0	380.0
General and administrative expenses	462.0	357.0	290.0	406.0	431.0	395.0	410.0	380.0
Other operating expenses [+]	-8,653.0	3,730.0	-15,674.0	-3,152.0	3,193.0	1,833.0	2,519.0	2,628.0
Exploration expenses	146.0	127.0	274.0	805.0	503.0	549.0	473.0	2,771.0
EBITDA [+]	8,340.0	-4,197.0	15,284.0	2,539.0	3,925.0	3,313.0	2,112.0	1,527.0
EBITDA growth	-298.7%	-127.5%	502.0%	-35.3%	18.5%	56.9%	38.3%	-58.4%
EBITDA margin	-7794.4%	-4464.9%	-6853.8%		50.6%	56.3%	39.4%	21.9%
Depreciation and amortization	1,177.0	1,360.0	1,772.0	2,680.0	2,405.0	2,280.0	2,618.0	3,300.0
EBIT [+]	7,163.0	-5,557.0	13,512.0	-141.0	1,520.0	1,033.0	-506.0	-1,773.0
EBIT growth	-228.9%	-141.1%	-9683.0%	-109.3%	47.1%	-304.2%	-71.5%	107.1%
EBIT margin	-6694.4%	-5911.7%	-6059.2%		19.6%	17.5%	-9.4%	-25.4%
Non-recurring items [+]	1,206.0	297.0	4,587.0	2,999.0	562.0	651.0	1,163.0	9,885.0
Asset impairment		208.0	4,501.0	2,949.0	511.0	8.0	1,103.0	9,472.0
Loss (gain) on sale of business	1,180.0	67.0	32.0		23.0	627.0	21.0	281.0
Interest expense, net [+]	-9.0	-8.0	-7.0	-13.0	-22.0	-19.0	-8.0	-10.0
Interest expense	312.0	419.0	438.0	430.0	441.0	457.0	464.0	486.0
Interest income	9.0	8.0	7.0	13.0	22.0	19.0	8.0	10.0
Other income (expense), net [+]	220.0	8,245.0	-13,334.0	549.0	419.0	974.0	443.0	-35.0
Amortization of financing costs and debt discount								511.0
Gain (loss) on sale of business				43.0
Other				54.0
Pre-tax income	5,874.0	1,980.0	-4,840.0	-3,008.0	958.0	918.0	-1,682.0	-12,169.0
Income taxes	1,652.0	578.0	64.0	674.0	672.0	-585.0	-442.0	-1,010.0
Tax rate	28.1%	29.2%			70.1%		26.3%	8.3%
Minority interest						199.0		-315.0
Earnings from continuing ops	4,222.0	1,402.0	-4,904.0	-3,682.0	40.0	1,304.0	-1,372.0	-10,844.0
Earnings from discontinued ops							-33.0	492.0
Net income	4,222.0	1,402.0	-4,904.0	-3,682.0	40.0	1,304.0	-1,405.0	-10,352.0
Net margin	-3945.8%	1491.5%	2199.1%		0.5%	22.2%	-26.2%	-148.2%

Basic EPS [+]			($12.97)	($9.77)	$0.10	$3.42	($3.62)	($28.69)
Growth			32.8%	-9427.1%	-96.9%	-194.5%	-87.4%	65.6%
Diluted EPS [+]			($12.97)	($9.77)	$0.10	$3.40	($3.62)	($28.69)
Growth			32.8%	-9475.9%	-96.9%	-194.1%	-87.4%	65.6%

Dividends per share [+]		$0.03	$0.10	$1.00	$1.00	$1.00	$1.00	$1.00
Growth		-75.0%	-90.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Shares outstanding (basic) [+]			378.0	377.0	382.0	381.0	379.0	378.0
Growth			0.3%	-1.3%	0.3%	0.5%	0.3%	-1.6%
Shares outstanding (diluted) [+]			378.0	377.0	384.0	383.0	379.0	378.0
Growth			0.3%	-1.8%	0.3%	1.1%	0.3%	-1.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.