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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including noncontrolling interests $ 1,343 $ 3,543
Adjustments to reconcile net income to net cash provided by operating activities:    
Unrealized derivative instrument (gains) losses, net (61) 119
Gain on divestitures, net (7) (1,180)
Exploratory dry hole expense and unproved leasehold impairments 91 129
Depreciation, depletion, and amortization 1,117 879
Asset retirement obligation accretion 86 87
Impairments 46 0
Provision for (benefit from) deferred income taxes (22) 225
(Gain) loss on extinguishment of debt (9) 67
Other, net (45) (91)
Changes in operating assets and liabilities:    
Receivables (289) (554)
Inventories 19 (81)
Drilling advances and other current assets 40 7
Deferred charges and other long-term assets 227 (3)
Accounts payable (2) 175
Accrued expenses 1 249
Deferred credits and noncurrent liabilities (436) (41)
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,099 3,530 Close
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to upstream oil and gas property (1,747) (1,168)
Acquisition of Delaware Basin properties (24) (563)
Leasehold and property acquisitions (11) (30)
Proceeds from sale of oil and gas properties 29 778
Proceeds from sale of Kinetik shares 0 224
Deconsolidation of Altus cash and cash equivalents 0 (143)
Other, net (29) 8
NET CASH USED IN INVESTING ACTIVITIES (1,782) (894) Close
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from (payments on) revolving credit facilities, net 202 (22)
Payments on Apache fixed-rate debt (65) (1,370)
Distributions to noncontrolling interest – Egypt (154) (237)
Treasury stock activity, net (208) (884)
Dividends paid to APA common stockholders (232) (127)
Other, net (10) (30)
NET CASH USED IN FINANCING ACTIVITIES (467) (2,670) Close
NET DECREASE IN CASH AND CASH EQUIVALENTS (150) (34) Close
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 245 302
CASH AND CASH EQUIVALENTS AT END OF PERIOD 95 268
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 278 274
Income taxes paid, net of refunds $ 867 $ 1,029