Chesapeake Energy 2000 Annual Report Download - page 64

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CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
($ in thousands)
-53-
For the Year Ended December 31, 2000:
REVENUES:
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiary Parent Eliminations Consolidated
Oil and gas sales $469,823 $347 $$$ 470,170
Oil and gas marketing sales 361,023 (203,241) 157,782
Total Revenues 469,823 361,370 (203,241) 627,952
OPERATING COSTS:
Production expenses and taxes 74,845 80 -74,925
General and administrative 11,635 1,218 324 -13,177
Oil and gas marketing expenses 355,550 -(203,241) 152,309
Oil and gas depreciation, depletion and
amortization 101,190 101 101,291
Other depreciation and amortization 4,082 80 3,319 -7,481
Total Operating Costs 191,752 357,029 3,643 (203,241) 349,183
INCOME (LOSS) FROM OPERATIONS 278,071 4,341 (3,643) 278,769
OTHER INCOME (EXPENSE):
Interest and other income 2,736 883 87,910 (87,880) 3,649
Interest expense (90,170) (35) (83,931) 87,880 (86,256)
Equity in net earnings of subsidiaries 190,234 (190,234)
(87,434) 848 194,213 (190,234) (82,607)
INCOME BEFORE INCOME TAXES 190,637 5,189 190,570 (190,234) 196,162
INCOME TAX EXPENSE (BENEFIT) 5,592 (265,000) (259,408)
NET INCOME $185,045 $5,189 $ 455,570 $(190,234) $ 455,570