Chesapeake Energy 1995 Annual Report Download - page 41

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CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED JUNE 30, 1995
SUBSIDIARY GUARANTORS
CGDC
COMPANY
)PARENT) ELIMINATIONS CONSOLIDATED
CEX OTHERS COMBINED
REVENUES
Oil and gas sales $55,417 $$55,417
)$ IN THOUSANDS)
$1,566 $$$56,983
Oil and gas service operations 8,836 8,836 8,836
Other 1,394 1,394 130 1,524
55,417 10,230 65,647 1,566 130 67,343
COSTS AND EXPENSES
Production expenses and taxes 3,494 551 4,045 211 4,256
Oil and gas service operations 7,747 7,747 7,747
Oil and gas depreciation,
depletion and amortization 24,769 624,775 635 25,410
Other depreciation and amortization 138 1,107 1,245 5515 1,765
General and administrative, net 931 1,689 2,620 58 900 3,578
Interest and other 352 218 570 184 5,873 6,627
29,684 11,318 41,002 1,093 7,288 49,383
Income (loss) before income tax 25,733 (1,088) 24,645 473 (7,158) 17,960
Income tax expense (benefit) 8,639 8,639 165 (2,505) 6,299
Net income (loss) $25,733 $(9,727) $16,006 $308 $ (4,653) $$ 11,661
FOR THE YEAR ENDED JUNE 30, 1994
REVENUES
Oil and gas sales $ 22,404 $$ 22,404 $ $ $$ 22,404
Oil and gas service operations 6,439 6,439 6,439
Interest and other 622 622 359 981
22,404 7,061 29,465 359 29,824
COSTS AND EXPENSES
Production expenses and taxes 3,185 462 3,647 3,647
Oil and gas service operations 5,199 5,199 5,199
Oil and gas depreciation 8,141 8,141 8,141
Other depreciation and amortization 171 1,536 1,707 164 1,871
General and administrative, net 823 2,169 2,992 143 3,135
Interest and other 507 1,492 1,999 677 2,676
12,827 10,858 23,685 984 24,669
Income (loss) before income tax 9,577 (3,797) 5,780 (625) 5,155
Income tax expense (benefit) 1,400 1,400 (150) 1,250
Net income (loss) $9,577 $(5,197) $4,380 $$(475) $$3,905
CHESAPEAKE ENERGY CORPORATION 39