Chesapeake Energy 1998 Annual Report Download - page 72

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CONDENSED CONSOLIDATING BALANCE SHEET
As of June 30, 1.997
($ in thousands)
ASSETS
LIABILITIES AND STOCKHOLDERS' EQUITY
52
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Company Eliminations Consolidated
CURRENT ASSETS:
Cash and cash equivalents $(6,534) $4,363 $ 126,188 $$124,017
Short-term investments -4,324 100,161 104,485
Accounts receivable 47,379 19,943 3,022 (6,787) 63,557
Inventory 4,795 59 -4,854
Other 666 26 -692
46,306 28,715 229,371 (6,787) 297,605
Total Current Assets
PROPERTY AND EQUIPMENT:
Oil and gas properties 865,485 31 -865,516
Unevaluated leasehold 128,519 (14) -128,505
Other property and equipment 28,653 6,737 14,989 50,379
Less: accumulated depreciation,
depletion and amortization (436,276) (758) (437,034)
586,381 6,754 14,231 607,366
NetPropertyandEquipment
IN VESTMENTS IN SUBSIDIARIES AND
INTERCOMPANY ADVANCES 5,650 (4,833) 680,439 (681,256)
OTHER ASSETS 4,961 673 38,463 44,097
$ 643,298 $31,309 $ 962,504 $ (688,043) $949,068
TOTAL ASSETS
CURRENT LIABILITIES:
Notes payable and current
maturities of long-term debt $1,380 $-$-. $$1,380
Accounts payable and other 122,241 17,527 11,965 (6,787) 144,946
17,527 11,965 (6,787) 146,326
Total Current Liabilities .123,621 -508,950 508,950
LONG-TERM DEBT
REVENUES AND ROYALTIES DUE
OTHERS 6,903 6,903
DEFERRED INCOME TAXES 589,111 1,492 (590,603)
INTERCOMPANY PAYABLES
STOCKHOLDERS' EQUITY:
Common Stock 11 1693 (2) 703
Other (76,348) 12,289 440,896 (90,651) 286,186
12,290 441,589. (90,653) 286,889
(76,337)
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY $ 643,298 $31,309 $ 962,504 $ (688,043.) .$949,068