Chesapeake Energy 2000 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2000 Chesapeake Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 122

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122

CONDENSED CONSOUDATING BALANCE SHEET
As of December 31, 2000
($ in thousands)
-51-
CURRENT ASSETS:
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiary Parent Eliminations Consolidated
ASSETS
Cash and cash equivalents $(19,868) $7,200 $12,668 $$
Restricted cash 3,500 3,500
Accounts receivable 91,903 46,903 -(21,363) 117,443
Deferred income tax asset 40,819 -40,819
Inventory 3,040 127 3,167
Other 1,997 -1,997
Total Current Assets 80,572 54,230 53,487 (21,363) 166,926
PROPERTY AND EQUIPMENT:
Oil and gas properties 2,590,512 -2,590,512
Unevaluated leasehold 25,685 25,685
Other property and equipment 30,670 23,246 25,982 79,898
Less: accumulated depreciation, depletion and amortization (1,787,314) (18,153) (2,394) -(1,807,861)
Net Property and Equipment 859,553 5,093 23,588 888,234
INVESTMENTS IN SUBSIDIARIES AND INTERCOMPANY
ADVANCES (612,832) 612,832
INVESTMENT IN GOTHIC ENERGY CORPORATION -9,732 116,702 -126,434
DEFERRED TAX ASSET 229,823 -229,823
OTHER ASSETS 9,890 418 89,516 (70,815) 29,009
TOTAL ASSETS $950,015 $ 69,473 $(99,716) $520,654 $ 1,440,426
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES:
Notes payable and current maturities of long-term debt $836 $$$$836
Accounts payable and other 118,620 49,613 19,090 (25,458) 161,865
Total Current Liabilities 119,456 49,613 19,090 (25,458) 162,701
LONG-TERM DEBT 92,321 919,244 (66,720) 944,845
REVENUES AND ROYALTIES DUE OTHERS 7,798 7,798
DEFERRED INCOME TAX LIABILITY 11,850 11,850
INTERCOMPANY PAYABLES 1,351,144 138 (1,351,282)
STOCKHOLDERS' EQUBTY (DEFICIT):
Common Stock 26 11,569 (18) 1,578
Other (632,580) 19,721 311,663 612,850 311,654
(632,554) 19,722 313,232 612,832 313,232
TOTAL LIABILITIES AND STOCKHOLDERS' EQ1JITY
(DEFICIT) $950,015 $ 69,473 $(99,716) $520,654 $ 1,440,426