Chesapeake Energy 1994 Annual Report Download - page 39

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CONDENSED CONSOLIDATING STATEMENTS
OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 1994
SUBSIDIARY GUARANTORS
FOR THE YEAR ENDED JUNE 30, 1993
CEX ALL OTHERS COMBINED COMPANY
(PARENT) ELIMINATIONS CONSOLIDATED
CASH FLOWS FROM
($ IN THOUSANDS)
OPERATING ACTIVITIES $9,637 $11,201 $20,838 $(1,415) $$ 19,423
CASH FLOWS FROM INVESTING ACTIVITIES
Oil and gas properties (34,654) (34,654) (34,654)
Proceeds from sales 8,363 8,363 8,363
Other additions (1,941) (1,941) (979) (2,920)
(34,654) 6,422 (28,232) (979) (29,211)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock
Proceeds from borrowings 8,800 8,800 40,000 48,800
Payments on borrowings (10,201) (15,537) (25,738) (25,738)
Intercompany advances, net 35,041 (1,076) 33,965 (33,965)
Otherfinancing (1,900) (1,900)
24,840 (7,813) 17,027 4,135 21,162
NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS (177) 9,810 9,633 1,741 11,374
Cash, beginning of period 177 4,136 4,313 538 4,851
Cash, end of period $$13,946 $13,946 $ 2,279 $$16,225
CASH FLOWS FROM
OPERATING ACTIVITIES $3,065 $ (4,577) $ (1,512) $13 $$ (1,499)
CASH FLOWS FROM INVESTING ACTIVITIES
Oil and gas properties (13,386) (2,340) (15,726) (15,726)
Proceeds from sales 2,863 2,863 2,863
Other additions (2,279) (2,279) (2,279)
(13,386) (1,756) (15,142) (15,142)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock 25,168 25,168
Proceeds on borrowings 18,985 18,985 777 19,762
Payments on borrowings (9,385) (14,102) (23,487) (23,487)
Intercompany advances, net 19,875 4,904 24,779 (24,779) -
Other financing (641) (641)
10,490 9,787 20,277 525 20,802
NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS 169 3,454 3,623 538 4,161
Cash, beginning of period 8682 690 690
Cash, end of period $177 $4,136 $ 4,313 $538 $$4,851
CHESAPEAKE ENERGY CORPORATION 37