APA (APA) FY2023 results: revenue $8.2 billion, down 32.5% on the year
APA Corp. (APA) reported revenue of $8.2 billion for fiscal 2023, the year ended 31 December 2023, down 32.5% on the year before. Net income was $2.9 billion, down 22.3%, and diluted earnings per share $9.25. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$8.2 billion
-32.5% on the year
FY2019FY2023
Operating margin
45.1%
45.9% a year earlier
FY2019FY2023
Net income
$2.9 billion
-22.3% on the year
FY2019FY2023
Diluted EPS
$9.25
-16.1% on the year
FY2019FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,129
4,943
3,496
-36.7%
Cash from investing
-2,138
-1,511
-833
Cash from financing
-1,149
-3,489
-2,623
Depreciation and amortisation
1,540
1,233
1,360
+24.9%
Share-based compensation
84.0
348
175
-75.9%
Dividends paid
308
207
52.0
+48.8%
Dividend per share
$1.00
$0.75
$0.24
+33.3%
Diluted shares, weighted
309m
333m
375m
-7.2%
Shares outstanding at period end
304m
312m
347m
-2.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,655
423
-1,595
+527.7%
Non-controlling interest
1,036
922
878
+12.4%
Redeemable equity
n/a
0.0
712
Debt
5,186
5,451
7,510
-4.9%
Operating lease liabilities
165
133
152
+24.1%
Finance lease liabilities
30.0
32.0
34.0
-6.2%
Other liabilities
6,172
6,186
5,612
-0.2%
Total liabilities and equity
15,244
13,147
13,303
+16.0%
Goodwill
n/a
0.0
0.0
Cash and equivalents
87.0
245
302
-64.5%
Receivables
1,610
1,466
1,394
+9.8%
Inventory
453
427
473
+6.1%
Other assets
13,094
11,009
11,134
+18.9%
Total assets
15,244
13,147
13,303
+16.0%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.