Chesapeake Energy 1998 Annual Report Download - page 70

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CONDENSED CONSOLIDATING BALANCE SHEET
As of December 31, 1998
(S in thousands)
ASSETS
50
Non-
Guarantor Guarantor
Subsidiaries Subsidiaries Company Eliminations Consolidated
CURRENT ASSETS:
Cash and cash equivalents $ (11,565) $7,000 $39,839 $$35,274
Short-term investments -
Accounts receivable 54,384 29,641 270 (7,996) 76,299
Inventory 4,919 406 5,325
Other 721 15 365 1,101
Total Current Assets 48,459 37,062 40,474 (7,996) 117,999
PROPERTY AND EQUIPMENT:
Oil and gas properties 2,142,943 2,142,943
Unevaluated leasehold 52,687 -52,687
Other property and equipment 47,628 15,109 16,981 79,718
Less: accumulated depreciation,
depletion and amortization (1,601,931) (8,036) (1,390) (1,611,357)
Net Property and Equipment 641,327 7,073 15,591 663,991
INVESTMENTS IN SUBSIDIARIES AND
INTERCOMPANY ADVANCES 473,578 481,150 (954,728)
OTHER ASSETS 10,610 560 19,455 -30,625
TOTAL ASSETS $1,173,974 $44,695 $ 556,670 $ (962,724) $812,615
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES:
Notes payable and current
maturities of long-term debt $25,000 $$$$25,000
Accounts payable and other 80,786 15,992 17,529 (8,023) 106,284
Total Current Liabilities 105,786 15,992 17,529 (8,023) 131,284
LONG-TERM DEBT -919,076 919,076
REVENUES AND ROYALTIES DUE
OTHERS 10,823 10,823
DEFERRED INCOME TAXES
INTERCOMPANY PAYABLES 1,338,948 11,376 (1,350,351) 27
STOCKHOLDERS' EQUITY (DEFICIT):
Common Stock 26 1957 (17) 967
Other (281,609) 17,326 969,459 (954,711) (249,535)
(281,583) 17,327 970,416 (954,728) (248,568)
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY (DEFICIT) $1,173,974 $44,695 $ 556,670 $(962,724) $812,615