Chesapeake Energy 1998 Annual Report Download - page 76

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CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
($ in thousands)
56
For the Year Ended June 30, 1997:
Guarantor
Subsidiaries Non-Guarantor
Subsidiaries Company Eliminations Consolidated
CASHFLOWSFROMOPERATINGACTIVITIES $165,850 $ (11,008) $(70,753) $$84,089
CASH FLOWS FROM INVESTING ACTIVITIES:
Oil and gas properties (468,519) 57 (468,462)
Proceeds from sale of assets 9,523 9,523
Investment in service operations (3,048) (3,048)
Long-term loans to third parties (2,000) (18,000) (20,000)
Other investments (8,000) -(8,000)
Other additions (24,318) (1,999) (7,550) (33,867)
(488,362) (1,942) (33,550) (523,854)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings 50,000 292,626 342,626
Payments on borrowings (118,901) (680) (119,581)
Exercise of stock options 1,387 1,387
288,091 288,091
Issuance of common stock
Other financing -(379) (379)
Intercompany advances, net 380,735 14,645 (395,380)
311,834 14,645 185,665 512,144
Net increase (decrease) in cash and cash
equivalents (10,678) 1,695 81,362 72,379
Cash, beginning of period 4,144 2,668 44,826 51,638
Cash, end of period $(6,534) $4,363 $126,188 $$124,017
For the Year Ended June 30, 1996:
CASHFLOWS FROM OPERATING ACTIVITIES $126,868 $4,204 $(10,100) $$120,972
CASH FLOWS FROM INVESTING ACTIVITIES:
Oil and gas properties (341,246) (6,099) 5,300 (342,045)
Proceeds from sales 12,165 (5,300) 6,865
Investment in gas marketing company 266 (629) (363)
Other additions (4,683) (109) (4,054) (8,846)
(333,764) (5,942) (4,683) (344,389)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings 40,350 10,300 116,017 166,667
Payments on borrowings (45,397) (3,200) (37) (48,634)
Exercise of stock options 1,989 1,989
Issuance of common stock -99,498 99,498
Intercompany advances, net 162,777 (2,616) (160,161)
157,730 4,484 57,306 219,520
Net increase (decrease) in cash and cash
equivalents (49,166) 2,746 42,523 (3,897)
Cash, beginning of period 53,227 52,303 55,535
Cash, end of period $4,061 $2,751 $44,826 $$51,638