Chesapeake Energy 1995 Annual Report Download - page 40

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CONDENSED CONSOLIDATING BALANCE SHEET
AS OF JUNE 30, 1994
SUBSIDIARY GUARANTORS COMPANY
CGDC (PARENT) ELIMINATIONS CONSOLIDATED
CEX OTHERS COMBINED
ASSETS ($ IN THOUSANDS)
Current assets:
Cash and cash equivalents $$13,946 $ 13,946 $$2,279 $$16,225
Accounts receivable 8,686 10,432 19,118 19,118
Inventory 7,162 7,162 7,162
Other 1,274 1,274 1,274
Total current assets 8,686 32,814 41,500 2,279 43,779
Property and equipment:
Oil and gas properties 94,717 (11,547) 83,170 83,170
Unevaluated leasehold 3,729 3,729 3,729
Other property and equipment 8,155 8,155 2,542 10,697
Less: accumulated depreciation,
depletion and amortization (16,417) (2,568) (18,985) (164) -(19,149)
82,029 (5,960) 76,069 2,378 78,447
Investments in subsidiaries
and intercompany advances 1,033 61,521 62,554 69,238 (131,792)
Other assets 712 10 722 2,742 3,464
Total assets $ 92,460 $ 88,385 $180,845 $$ 76,637 $(131,792) $125,690
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable and current
maturities of long-term debt $$ 7,543 $7,543 $$33 $$7,576
Accounts payable and other 32,587 32,587 1,225 33,812
Total current liabilities 40,130 40,130 1,258 41,388
Long-term debt 10 2,550 2,560 45,318 47,878
Revenues payable 2,951 2,951 2,951
Deferred income taxes 2,363 2,363 (150) 2,213
Intercompany payables 76,707 53,039 129,746 2,046 (131,792)
Stockholders' equity:
Common stock 36 36 51 (36) 51
Common stock warrants 55
Preferred stock 99(9)
Other 15,743 (12,693) 3,050 28,109 45 31,204
15,743 (12,648) 3,095 28,165 31,260
Total liabilities and
stockholders' equity $ 92,460 $ 88,385 $180,845 $$ 76,637 $(131,792) $125,690
38 CHESAPEAKE ENERGY CORPORATION