Chesapeake Energy 1996 Annual Report Download - page 54

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CHESAPEAKE EN5R2 CORPORATION
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
For theYear Ended June 30, 1996 Subsidiary Guarantors Non-Guarantor Company
($ in thousands) CEX Others Combined Subsidiaries (Parent) Eliminations Consolidated
Cash flows from
operating activities $91,286 $35,582 $126,868 $4,204 $ (10,100) $ $120,972
Cash flows from
investing activities
Oil and gas properties (329,507) (16,988) (346,495) (6,099) 5,300 (347,294)
Proceeds from sales 7,458 9,956 17,414 (5,300) 12,114
Investment in gas
marketing company -266 (629) (363)
Other additions (177) (4,506) (4,683) (109) (4,054) (8,846)
(322,226) (11,538) (333,764) (5,942) (4,683) (344,389)
Cash flows from
financing activities
Proceeds from borrowings 39,000 1,350 40,350 10,300 116,017 166,667
Payments on borrowings (44,010) (1,387) (45,397) (3,200) (37) (48,634)
Cash received from exercise
of stock options -1,989 1,989
Cash received from issuance
of common stock -99,498 99,498
Intercompany
advances, net 235,950 (73,173) 162,777 (2,616) (160,161)
230,940 (73,210) 157,730 4,484 57,306 219,520
Net increase (decrease)
in cash and cash
equivalents (49,166) (49,166) 2,746 42,523 (3,897)
Cash, beginning of period 53,227 53,227 52,303 55,535
Cash, end of period $$4,061 $4,061 $2,751 $ 44,826 $ $51,638