Chesapeake Energy 1996 Annual Report Download - page 51

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CHESAPEAKE EN49CORPORATION
CONDENSED CONSOLIDATING BALANCE SHEET
As of June 30, 1995 Subsidiary Guarantors Non-Guarantor Company
($ in thousands) CEX Others Combined Subsidiaries (Parent) Eliminations Consolidated
As sets
Current Assets:
Cash and cash equivalents $$53,227 $ 53,227 $ 5 $ 2,303 $ $55,535
Accounts receivable 9,867 30,693 40,560 777 10 41,347
Inventory 8,895 8,895 31 8,926
Other 633 633 633
Total Current Assets 9,867 93,448 103,315 813 2,313 -106,441
Property and equipment:
Oil and gas properties 163,521 (16,723) 146,798 18,504 -165,302
Unevaluated leasehold 27,474 27,474 27,474
Other property
and equipment 12,199 12,199 4,767 16,966
Less: accumulated
depreciation, depletion
and amortization (36,959) (3,847) (40,806) (4,861) (274) -(45,941)
154,036 (8,371) 145,665 13,643 4,493 163,801
Investments in subsidiaries and
intercompany advances 17,559 181,914 199,473 176,795 (376,268)
Other assets 776 41 817 123 5,511 6,451
Total Assets $ 182,238 $ 267,032 $ 449,270 $ 14,579 $ 189,112 $ (376,268) $ 276,693
Liabilities and Stockholders' Equity
Current Liabilities:
Notes payable and current
maturities of
long-term debt $$7,757 $ 7,757 $ 2,200 $ 36 $9,993
Accounts payable and other 516 61,777 62,293 2,619 64,912
Total Current Liabilities 516 69,534 70,050 2,200 2,655 74,905
Long-term debt 10 1,326 1,336 8,600 135,818 145,754
Revenues and royalties due others 3,779 3,779 3,779
Deferred income taxes 9,621 9,621 164 (2,505) 7,280
Intercompany payables 140,236 201,959 342,195 3,307 30,766 (376,268)
Stockholders' equity:
Common Stock 31 31 158 (32) 58
Other 41,476 (19,218) 22,258 307 22,320 32 44,917
41,476 (19,187) 22,289 308 22,378 44,975
Total Liabilities and
Stockholders' Equity $ 182,238 $ 267,032 $ 449,270 $ 14,579 $ 189,112 $ (376,268) $ 276,693