Chesapeake Energy 1998 Annual Report Download - page 71

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CONDENSED CONSOLIDATING BALANCE SHEET
As of December 31, 1997
($ in thousands)
ASSETS
51
CURRENT ASSETS:
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Comoany Eliminations Consolidated
Cashandcashequivalents $(589) $13,999 $ 110,450 $$123,860
Short-term investments 12,570 12,570
Accounts receivable 57,476 22,882 1,524 (7,708) 74,174
Inventory 4,918 575 5,493
Other 1,613 110 1,624
Total Current Assets 63,418 37,457 124,554 (7,708) 217,721
PROPERTY AND EQUIPMENT:
Oil and gas properties 1,056,118 39,245 1,095,363
Unevaluated leasehold 125,155 -125,155
Other property and equipment 41,740 10,471 15,422 -67,633
Less: accumulated depreciation,
depletion and amortization (593,359) (14,650) (955) (608,964)
Net property and equipment 629,654 35,066 14,467 679,187
INVESTMENTS IN SUBSIDIARIES AND
INTERCOMPANY ADVANCES 91,883 39,830 903,713 (1,035,426)
OTHER ASSETS 10,189 6,918 38,769 55,876
TOTAL ASSETS $ 795,144 $119,271 $1,081,503 $(1,043,134) $952,784
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Notes payable and current
maturities of long-term debt $$$$$
Accounts payable and other 104,259 29,649 27,280 (7,708) 153,480
Total Current Liabilities 104,259 29,649 27,280 (7,708) 153,480
LONG-TERM DEBT 508,992 508,992
REVENUES AND ROYALTIES DUE
OTHERS 10,106 10,106
DEFERRED INCOME TAXES -
INTERCOMPANY PAYABLES 853,958 2,959 (856,917)
STOCKHOLDERS' EQUITY:
Common Stock 10 3733 (3) 743
Other (173,189) 86,660 544,498 (178,506) 279,463
(173,179) 86,663 545,231 (178,509) 280,206
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY $ 795,144 $119,271 $1,081,503 $ (1,043,134) $952,784