APA Historical Income Statement

APA Stock  USD 33.71  0.83  2.52%   
Historical analysis of APA income statement accounts such as Interest Expense of 343.4 M, Selling General Administrative of 231.5 M or Total Revenue of 6.5 B can show how well APA Corporation performed in making a profits. Evaluating APA income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of APA's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining APA Corporation latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether APA Corporation is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in APA Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

About APA Income Statement Analysis

APA Corporation Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to APA shareholders. The income statement also shows APA investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

APA Income Statement Chart

APA Corporation Income Statement is one of the three primary financial statements used for reporting APA's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of APA Corporation revenue and expense. APA Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, APA's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 7.2 B, whereas Depreciation And Amortization is forecasted to decline to about 1.4 B.

Total Revenue

Total revenue comprises all receipts APA Corporation generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of APA Corporation. It is also known as APA overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on APA Corporation income statement and represents the costs associated with goods and services APA provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from APA's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into APA Corporation current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in APA Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
At present, APA's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 7.2 B, whereas Depreciation And Amortization is forecasted to decline to about 1.4 B.
 2021 2022 2023 2024 (projected)
Total Operating Expenses620M1.0B851M1.7B
Cost Of Revenue4.4B4.8B4.1B3.2B

APA income statement Correlations

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-0.190.27-0.26-0.08-0.13-0.06-0.08-0.12-0.08-0.2-0.050.180.01-0.240.06-0.670.03-0.240.740.20.710.050.5-0.25
0.370.270.780.230.340.10.150.240.260.310.150.120.080.370.130.340.090.06-0.05-0.160.130.00.130.13
0.56-0.260.780.460.290.350.380.480.150.550.380.160.280.630.060.640.280.02-0.39-0.04-0.22-0.02-0.210.06
0.41-0.080.230.46-0.70.950.970.97-0.810.510.960.460.930.920.28-0.120.93-0.290.320.210.150.110.05-0.14
0.02-0.130.340.29-0.7-0.76-0.76-0.680.970.04-0.76-0.39-0.8-0.5-0.270.66-0.80.29-0.69-0.3-0.38-0.14-0.220.25
0.31-0.060.10.350.95-0.760.990.95-0.820.310.980.50.980.830.16-0.230.98-0.310.410.40.140.240.06-0.28
0.33-0.080.150.380.97-0.760.990.97-0.830.330.990.50.970.880.25-0.180.97-0.280.380.290.150.160.08-0.21
0.52-0.120.240.480.97-0.680.950.97-0.770.40.970.470.930.930.26-0.090.93-0.240.290.230.110.110.02-0.16
-0.09-0.080.260.15-0.810.97-0.82-0.83-0.77-0.21-0.82-0.4-0.85-0.61-0.280.55-0.850.34-0.61-0.27-0.31-0.13-0.190.2
0.44-0.20.310.550.510.040.310.330.4-0.210.320.080.270.470.060.410.26-0.2-0.26-0.12-0.25-0.03-0.090.19
0.33-0.050.150.380.96-0.760.980.990.97-0.820.320.60.990.870.2-0.20.99-0.370.380.310.190.180.1-0.24
0.130.180.120.160.46-0.390.50.50.47-0.40.080.60.640.35-0.25-0.230.64-0.770.240.350.350.310.25-0.33
0.260.010.080.280.93-0.80.980.970.93-0.850.270.990.640.790.14-0.291.0-0.420.450.360.210.220.13-0.29
0.52-0.240.370.630.92-0.50.830.880.93-0.610.470.870.350.790.380.120.79-0.150.080.060.08-0.01-0.050.0
0.010.060.130.060.28-0.270.160.250.26-0.280.060.2-0.250.140.380.050.150.170.09-0.64-0.09-0.690.250.47
0.29-0.670.340.64-0.120.66-0.23-0.18-0.090.550.41-0.2-0.23-0.290.120.05-0.30.23-0.92-0.51-0.77-0.28-0.390.47
0.260.030.090.280.93-0.80.980.970.93-0.850.260.990.641.00.790.15-0.3-0.440.470.380.240.240.15-0.29
0.0-0.240.060.02-0.290.29-0.31-0.28-0.240.34-0.2-0.37-0.77-0.42-0.150.170.23-0.44-0.18-0.29-0.24-0.3-0.270.03
-0.180.74-0.05-0.390.32-0.690.410.380.29-0.61-0.260.380.240.450.080.09-0.920.47-0.180.450.730.280.42-0.43
0.030.2-0.16-0.040.21-0.30.40.290.23-0.27-0.120.310.350.360.06-0.64-0.510.38-0.290.450.470.69-0.09-0.77
-0.120.710.13-0.220.15-0.380.140.150.11-0.31-0.250.190.350.210.08-0.09-0.770.24-0.240.730.470.270.35-0.47
-0.050.050.0-0.020.11-0.140.240.160.11-0.13-0.030.180.310.22-0.01-0.69-0.280.24-0.30.280.690.270.23-0.23
-0.250.50.13-0.210.05-0.220.060.080.02-0.19-0.090.10.250.13-0.050.25-0.390.15-0.270.42-0.090.350.230.29
0.06-0.250.130.06-0.140.25-0.28-0.21-0.160.20.19-0.24-0.33-0.290.00.470.47-0.290.03-0.43-0.77-0.47-0.230.29
Click cells to compare fundamentals

APA Account Relationship Matchups

APA income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization2.7B1.8B1.4B1.2B1.5B1.4B
Interest Expense462M267M514M379M327M343.4M
Selling General Administrative406M290M376M483M351M231.5M
Total Revenue6.3B4.4B8.0B11.1B8.3B6.5B
Gross Profit1.9B905M3.5B6.3B4.2B3.3B
Other Operating Expenses5.9B4.3B5.1B5.8B4.9B4.9B
Operating Income(2.3B)(1.6B)1.6B4.0B6.8B7.2B
Ebit(2.3B)(1.6B)1.6B4.0B3.4B3.6B
Ebitda410M173M2.9B5.2B4.9B2.9B
Cost Of Revenue4.4B3.5B4.4B4.8B4.1B3.2B
Total Operating Expenses1.5B732M620M1.0B851M1.7B
Income Before Tax(3.0B)(4.8B)1.9B5.7B2.9B3.0B
Total Other Income Expense Net(738M)(3.2B)331M1.7B(172M)(180.6M)
Net Income(3.7B)(4.9B)1.1B3.6B2.9B3.0B
Income Tax Expense674M64M578M1.7B(324M)(307.8M)
Net Income Applicable To Common Shares(3.6B)(4.9B)1.1B3.5B3.2B3.3B
Minority Interest205M120M340M(478M)(352M)(334.4M)
Net Income From Continuing Ops(2.3B)(4.9B)1.4B4.1B3.2B3.4B
Non Recurring(805M)4.8B357M172M197.8M187.9M
Tax Provision674M64M578M1.7B(324M)(307.8M)
Net Interest Income(387M)(427M)(514M)(312M)(321M)(337.1M)
Interest Income22M13M7M10M9M9.7M
Reconciled Depreciation2.7B1.8B1.4B1.2B1.5B1.5B

Pair Trading with APA

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if APA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in APA will appreciate offsetting losses from the drop in the long position's value.

Moving together with APA Stock

  0.71EP Empire Petroleum CorpPairCorr

Moving against APA Stock

  0.51HPKEW HighPeak EnergyPairCorr
The ability to find closely correlated positions to APA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace APA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back APA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling APA Corporation to buy it.
The correlation of APA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as APA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if APA Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for APA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether APA Corporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of APA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Apa Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Apa Corporation Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in APA Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for APA Stock analysis

When running APA's price analysis, check to measure APA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy APA is operating at the current time. Most of APA's value examination focuses on studying past and present price action to predict the probability of APA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move APA's price. Additionally, you may evaluate how the addition of APA to your portfolios can decrease your overall portfolio volatility.
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Is APA's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of APA. If investors know APA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about APA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.272
Dividend Share
1
Earnings Share
9.25
Revenue Per Share
26.276
Quarterly Revenue Growth
(0.15)
The market value of APA Corporation is measured differently than its book value, which is the value of APA that is recorded on the company's balance sheet. Investors also form their own opinion of APA's value that differs from its market value or its book value, called intrinsic value, which is APA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because APA's market value can be influenced by many factors that don't directly affect APA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between APA's value and its price as these two are different measures arrived at by different means. Investors typically determine if APA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, APA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.