Chesapeake Energy 1994 Annual Report Download - page 37

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CONDENSED CONSOLIDATING STATEMENTS
OF OPERATIONS
FOR THE YEAR ENDED JUNE 30, 1994
SUBSIDIARY GUARANTORS
CEX ALL OTHERS COMBINED COMPANY
(PARENT) ELIMINATIONS CONSOLIDATED
REVENUES
$ IN THOUSANDS)
Oil and gas sales $ 22,404 $$ 22,404 $ $ $ 22,404
Oil and gas service operations 6,439 6,439 6,439
Interest and other 622 622 359 981
22,404 7,061 29,465 359 29,824
COSTS AND EXPENSES
Production expenses and taxes 3,647 3,647 3,647
Oil and gas service operations 5,199 5,199 5,199
Oil and gas depreciation 8,141 8,141 8,141
Other depreciation and amortization 1,707 1,707 164 1,871
General and administrative
Direct 10 2,982 2,992 143 3,135
Allocated 246 (246)
Provision for legal settlements
Interest and other
Direct 507 538 1,045 1,631 2,676
Allocated 954 954 (954)
13,505 10,180 23,685 984 24,669
Income (loss) before income tax 8,899 (3,119) 5,780 (625) 5,155
Income tax expense (benefit) 1,400 1,400 (150) 1,250
Net Income (loss) $8,899 $ (4,519) $4,380 $(475 ) $ $ 3,905
FOR THE YEAR ENDED JUNE 30, 1993
REVENUES
Oil and gas sales $ 11,602 $$ 11,602 $$ $ 11,602
Oil and gas service operations 5,526 5,526 5,526
Interest and other 6842 848 32 880
11,608 6,368 17,976 32 18,008
COSTS AND EXPENSES
Production expenses and taxes 2,590 2,590 2,590
Oil and gas service operations 3,653 3,653 3,653
Oil and gas depreciation 4,184 -4,184 4,184
Other depreciation and amortization 545 545 12 557
General and administrative
Direct 252 3,652 3,904 16 3,920
-Allocated 170 (170)
Provision for legal settlements 1,286 1,286 1,286
Interest and other
Direct 1,829 450 2,279 32,282
Allocated
9,025 9,416 18,441 31 18,472
Income (loss) before income tax 2,583 (3,048) (465) 1(464)
Income tax expense (benefit) (99) (99) (99)
Net income (loss) $2,583 $ (2,949) $(366) $1$$(365
CHESAPEAKE ENERGY CORPORATION 35