Chesapeake Energy 1994 Annual Report Download - page 28

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CONSOLIDATED STATEMENTS OF OPERATIONS
The accompanying notes are an integral part of these consolidated financial statements.
1994 YEARS ENDED JUNE 30,
1993 1992
($ IN THOUSANDS, EXCEPT PER SHARE DATA)
REVENUES:
Oil and gas sales $22,404 $11,602 $ 10,520
Oil and gas service operations 6,439 5,526 7,656
Interest and other 981 880 542
Total revenues 29,824 18,008 18,718
COSTS AND EXPENSES:
Production expenses and taxes 3,647 2,890 2,103
Oil and gas service operations 5,199 3,653 4,113
Oil and gas depreciation, depletion and amortization 8,141 4,184 2,910
Depreciation and amortization of other assets 1,871 557 974
General and administrative 3,135 3,620 3,314
Provision for legal and other settlements 1,286 -
Interest and other 2,676 2,282 2,577
Total costs and expenses 24,669 18,472 15,991
Income (loss) before income taxes 5,155 (464) 2,727
Income tax expense (benefit) 1,250 (99) 1,337
Net income (loss) $ 3,905 $(365) $1,390
Earnings per common share computation:
Net income (loss) $ 3,905 $(365) $1,390
Dividends on preferred stock 385
Net income (loss) available to common $ 3,905 $(750) $1,390
Net income (loss) per common share $.73 $(.20) $.45
Weighted average common
shares outstanding 5,360 3,728 3,101
26 CHESAPEAKE ENERGY CORPORATION