Chesapeake Energy 1993 Annual Report Download - page 23

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CHESAPEAKE ENERGY CORPQRATIONAND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
A S S E T S
The accompanying notes are an integral part of these conso/idatedfinancial statements.
13
June30,
1993
(I in thousands,)
1992
CURRENT ASSETS:
Cash and cash equivalents $ 4 851 $690
Accounts receivable:
Trade net of allowance for doubtful accounts of $584 000 and 5405 000 9 98 10 388
Related parties 1 580 -
Inventory 3,404 :1.740
Other 548 300
TOTAL CURRENT ASSETS 20,370. 13.118
PROPERTY AND EQUIPMENT:
Oil and gas properties at cost based on full cost accounting
Evaluated oil and gas properties 56 181 '*5 729
Unevaluated properties and leaseholds 2,411: -
Less - accumulated depreciation depletion and amortization (8 276) (4 091)
50,316 41,638
Service properties, equipment, and other 9,152 6,857
Less - accumulated depreciation depletion and amortization (2 141) (1 226)
.57,327 47,269.
OTHERASSETS 149- 296
TOTAL ASSETS $77,846 $60,683
LIABILITIES AND STOCKHOLDERS' EQ.UJ:TY
CURRENT LIABILITIES
Notes payable and current maturities of long term debt $ 7 812 $ 7 987
Accounts payable .. 9,663 20. 143
Prepavments and other ..2,158 3.159
Revenues and toyalties due others 12,403 6,242
Income taxes payable 225 .225
TOTAL CURRENT. LIABILmES 32,261 '. .37,747
LONG1ERM DEBT 13190 21742
DEFERRED. INCOME TAXES 963 .1,062
CON11NGENCIES AND COMMITMENTS (Note 4)
STOCKHOLDERS' EQUITY:
Preferred stock, $01 par value, 1,153,846 shares
authorized; 576,923 and 0 shares issued and outstanding
at June 30, 1993, and June 30, 1992, respectively
Common stock, $01 par value, 20,000,000 shares
authorized; 5,108,000 and 2,808,000 shares issued and
outstanding at June 30, 1993, and June 30, 1992,
fespectively 51 28
Paid-in capital 32,704 683
-Accumulated deficit (1,329) (579)
TOTAL STOCKHOLDERS' EQUITY 31,432 132
TOTAL LIABILITIES & S1OCKHOLDERS EQUITY $77 846 $60 683