Chesapeake Energy 1996 Annual Report Download - page 50

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CHESAPEAKE ENERGYCORPORATION
CONDENSED CONSOLIDATING BALANCE SHEET
As of June 30, 1996 Subsidiary Guarantors Non-Guarantor Company
($ in thousands) CEX Others Combined Subsidiaries (Parent) Eliminations Consolidated
Assets
Current Assets:
Cashandcashequivalents $$4,061 $ 4,061 $ 2,751 $ 44,826 $ $51,638
Accounts receivable 14,778 29,302 44,080 7,723 (1,589) 50,214
Inventory 4,947 4,947 216 5,163
Other 1,891 264 2,155 3-2,158
Total Current Assets 16,669 38,574 55,243 10,693 44,826 (1,589) 109,173
Property and equipment:
Oil and gas properties 346,821 (8,211) 338,610 24,603 363,213
Unevaluated leasehold 165,441 165,441 -165,441
Other property and
equipment 9,608 9,608 61 8,493 18,162
Less: accumulated
depreciation, depletion
and amortization (84,726) (2,467) (87,193) (8,007) (442) -(95,642)
427,536 (1,070) 426,466 16,657 8,051 451,174
Investments in subsidiaries and
intercompany advances 56,055 463,331 519,386 8,132 382,388 (909,906)
Other assets 694 1,616 2,310 940 8,738 11,988
Total Assets $ 500,954 $ 502,451 $1,003,405 $ 36,422 $ 444,003 $ (911,495) $572,335
Liabilities and Stockholders' Equity
Current Liabilities:
Notes payable and current
maturities of
long-term debt $$3,846 $ 3,846 $ 2,880 $ 29 $ $6,755
Accounts payable and other 789 90,280 91,069 7,339 5,260 (1,589) 102,079
Total Current Liabilities 789 94,126 94,915 10,219 5,289 (1,589) 108,834
Long-term debt 2,113 2,113 10,020 256,298 268,431
Revenues and royalties due others 5,118 5,118 5,118
Deferred income taxes 23,950 23,950 1,335 (13,100) 12,185
Intercompany payables 413,726 410,581 824,307 8,182 73,647 (906,136)
Stockholders' equity:
Common Stock 117 117 22,891 (2) 3,008
Other 86,439 (33,554) 52,885 6,664 118,978 (3,768) 174,759
86,439 (33,437) 53,002 6,666 121,869 (3,770) 177,767
Total Liabilities and
Stockholders' Equity $ 500,954 $ 502,451 $1,003,405 $ 36,422 $ 444,003 $ (911,495) $ 572,335