APA Operating cash flow
Operating cash flow at APA Corporation rose to $4.5B in fiscal 2025, from $3.6B in 2024, as a one-time $850M receivables collection supplied 92% of the increase.
Net cash provided by operating activities, as filed.
SOURCE: us-gaap:NetCashProvidedByUsedInOperatingActivities · EDGAR CompanyFacts · CIK 1841666 · EDGAR ↗ · FY2021–FY2025 · ANNUAL
History AS FILED · DERIVATION SHOWN WHERE DERIVED
| Fiscal year | Operating cash flow | Change |
|---|---|---|
| FY2025 | $4.5B | +$925M |
| FY2024 | $3.6B | +$491M |
| FY2023 | $3.1B | $-1.8B |
| FY2022 | $4.9B | +$1.4B |
| FY2021 | $3.5B | — |
Cross-checks touching this measure FROM THE FILING REVIEW
✗ CONTRADICTSCapital return
60% is reachable only by counting the $430M paid to the Egypt minority partner (Sinopec's one-third interest) as a shareholder return. It is not one.
FY2025 10-K · FULL RECONCILIATION →✗ CONTRADICTSCash generation
The arithmetic is exact; the quality is not. Real cash, collected once. Strip the Egypt release and cash flow grew 2.1%, in line with volumes.
FY2025 10-K · FULL RECONCILIATION →✗ RED FLAGReceivables & DSO
Thirty days of receivables collected in one year. Real cash, but DSO cannot fall another thirty, so 2026 cash flow starts $850M behind. Management names the collection; it never says the boost cannot repeat.
FY2025 10-K · FULL RECONCILIATION →More SAME DATA, OTHER VIEWS
Operating cash flow across coverage → · APA company view →
Revenue · Net income · Free cash flow · Capital expenditure · Cash & equivalents · Total assets · Shareholders' equity · Total debt · Return on equity · Days sales outstanding
Not investment advice. Every figure on this page is an XBRL fact from the issuer's own SEC filings or an arithmetic over such facts with the method shown. No forecast is made; no posture is expressed.