Chesapeake Energy 1995 Annual Report Download - page 35

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The accompanying notes are an integral part of these consolidated financial statements.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY
1995 YEARS ENDED JUNE 30,
1994 1993
($ IN THOUSANDS)
Preferred stock
Balance, beginning of period $$6$
Exchange of 576,923 shares of preferred stock (6)
Issuance of 576,923 shares of preferred stock 6
Balance, end of period 6
Common stock:
Balance, beginning of period 51 51 28
Issuance of 4,600,000 shares of common stock 23
Exercise of stock options and warrants 7
Balance, end of period 58 51 51
Common stock warrant:
Balance, beginning of period 5
Issuance of common stock warrants 5
Exercise of common stock warrants (5)
Balance, end of period 5
Paid-in capital:
Balance, beginning of period 28,243 32,704 683
Exchange of preferred stock (7,494)
Issuance of common stock warrants 3,033
Issuance of preferred stock 7,494
Exercise of stock options and warrants 823
Issuance of common stock 25,668
Offering expenses and other (1,141)
Tax benefit from exercise of stock options 1,229
Balance, end of period 30,295 28,243 32,704
Accumulated earnings (deficit):
Balance, beginning of period 2,961 (1,329) (579)
Net income (loss) i 1,661 3,905 (365)
Preferred dividends (340) (385)
Cancellation of preferred dividends 725
Balance, end of period 14,622 2,961 (1,329)
Total stockholders' equity $ 44,975 $ 31,260 $ 31,432
CHESAPEAKE ENERGY CORPORATION 33