APA (APA) FY2024 results: revenue $9.7 billion, up 18.9% on the year
APA Corp. (APA) reported revenue of $9.7 billion for fiscal 2024, the year ended 31 December 2024, up 18.9% on the year before. Net income was $804 million, down 71.8%, and diluted earnings per share $2.27. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$9.7 billion
+18.9% on the year
FY2019FY2024
Operating margin
25.1%
45.1% a year earlier
FY2019FY2024
Net income
$804 million
-71.8% on the year
FY2019FY2024
Diluted EPS
$2.27
-75.5% on the year
FY2019FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,620
3,129
4,943
+15.7%
Cash from investing
-924
-2,138
-1,511
Cash from financing
-2,158
-1,149
-3,489
Depreciation and amortisation
2,266
1,540
1,233
+47.1%
Share-based compensation
49.0
84.0
348
-41.7%
Dividends paid
353
308
207
+14.6%
Dividend per share
$1.00
$1.00
$0.75
0.0%
Diluted shares, weighted
353m
309m
333m
+14.2%
Shares outstanding at period end
365m
304m
312m
+20.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,280
2,655
423
+98.9%
Non-controlling interest
1,082
1,036
922
+4.4%
Redeemable equity
n/a
n/a
0.0
Debt
6,044
5,186
5,451
+16.5%
Operating lease liabilities
255
165
133
+54.5%
Finance lease liabilities
28.0
30.0
32.0
-6.7%
Other liabilities
6,701
6,172
6,186
+8.6%
Total liabilities and equity
19,390
15,244
13,147
+27.2%
Goodwill
n/a
n/a
0.0
Cash and equivalents
625
87.0
245
+618.4%
Receivables
1,959
1,610
1,466
+21.7%
Inventory
425
453
427
-6.2%
Other assets
16,381
13,094
11,009
+25.1%
Total assets
19,390
15,244
13,147
+27.2%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.