Chesapeake Energy 1996 Annual Report Download - page 42
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FINANCIAL INFORMATION
CHESAPEAKE ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
Year Ended June 30, 1996 1995 1994
Revenues: ($ in thousands, extept per share data)
Oil and gas sales $110,849 $ 56,983 $22,404
Gas marketing sales 28,428 -
Oil and gas service operations 6,314 8,836 6,439
Interest and other 3,831 1,524 981
Total Revenues 149,422 67,343 29,824
Costs and expenses:
Production expenses and taxes 8,303 4,256 3,647
Gas marketing expenses 27,452
Oil and gas service operations 4,895 7,747 5,199
Oil and gas depreciation, depletion and amortization 50,899 25,410 8,141
Depreciation and amortization of other assets 3,157 1,765 1,871
General and administrative 4,828 3,578 3,135
Interest and other 13,679 6,627 2,676
Total Costs and Expenses 113,213 49,383 24,669
Income Before Income Taxes 36,209 17,960 5,155
Income Tax Expense 12,854 6,299 1,250
Net Income $23,355 $11,661 $3,905
Net income per common share:
Primary $.80 $.42 $.16
Fully-diluted $.79 $.41 $.16
Weighted average common and common equivalent shares outstanding:
Primary 29,171 27,936 24,120
Fully-diluted 29,461 28,303 24,183
The attn mpanyzng notes are an integral part of these tonsolidatedfinantial statements.