Chesapeake Energy 1995 Annual Report Download - page 32
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CONSOLIDATED STATEMENTS OF OPERATIONS
The accompanying notes are an integral part of these consolidated financial statements.
1995
YEARS ENDED JUNE 30,
1994 1993
REVENUES:
($ IN THOUSANDS, EXCEPT PER SHARE DATA)
Oil and gas sales $ 56,983 $ 22,404 $11,602
Oil and gas service operations 8,836 6,439 5,526
Interest and other 1,524 981 880
Total revenues 67,343 29,824 18,008
COSTS AND EXPENSES:
Production expenses and taxes 4,256 3,647 2,890
Oil and gas service operations 7,747 5,199 3,653
Oil and gas depreciation, depletion and amortization 25,410 8,141 4,184
Depreciation and amortization of other assets 1,765 1,871 557
General and administrative, net 3,578 3,135 3,620
Provision for legal and other settlements 1,286
Interest and other 6,627 2,676 2,282
Total costs and expenses 49,383 24,669 18,472
Income (loss) before income taxes 17,960 5,155 (464)
Income tax expense (benefit) 6,299 1,250 (99)
Net income (loss) $ 11,661 $ 3,905 $(365)
Earnings per share computation:
Net income (loss) $ 11,661 $ 3,905 $(365)
Dividends on preferred stock 385
Net income (loss) available to common $ 11,661 $ 3,905 $(750)
Net income (loss) per common share $.94 $.36 $(.10)
Weighted average common and corn mon
equivalent shares outstanding 12,416 10,720 7,456
30 CHESAPEAKE ENERGY CORPORATION