Chesapeake Energy 1997 Annual Report Download - page 35

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ITEM 6. Selected Financial Data
The following table sets forth selected consolidated financial data of the Company for each of the five
fiscal years ended June 30, 1997. The data is derived from the Consolidated Financial Statements of the
Company, including the Notes thereto, appearing elsewhere in this report. The data set forth in this table
should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and
Results of Operations" and the Consolidated Financial Statements, including the Notes thereto included
elsewhere in this report. On June 13, 1997 the Company declared a dividend of $0.02 per common share
which was paid on July 15, 1997.
18
Statement of Operations Data:
Revenues:
Year Ended June 30,
1997 1996 1995 1994 1993
($ in thousands, except per share data)
Oil and gas sales $ 192,920 $110,849 $ 56,983 $ 22,404 $11,602
Oil and gas marketing sales 76,172 28,428 --
Oil and gas service operations 6,314 8,836 6,439 5,526
Interest and other 11,223 3,831 1,524 981 880
Total revenues 280,315 149,422 67,343 29,824 18,008
Costs and expenses:
Production expenses and taxes 15,107 8,303 4,256 3,647 2,890
Oil and gas marketing expenses 75,140 27,452 -
Oil and gas service operations 4,895 7,747 5,199 3,653
Impairment of oil and gas properties 236,000 -
Oil and gas depreciation, depletion and
amortization 103,264 50,899 25,410 8,141 4,184
Depreciation and amortization of
other assets 3,782 3,157 1,765 1,871 557
General and administrative 8,802 4,828 3,578 3,135 3,620
Provision for legal and other settlements -1,286
Interest and other 18,550 13,679 6,627 2,676 2,282
Total costs and expenses 460,645 113,213 49,383 24,669 18,472
Income (loss) before income taxes and
extraordinary item (180,330) 36,209 17,960 5,155 (464)
Provision (benefit) for income taxes (3,573) 12,854 6,299 1,250 (99)
Income (loss) before extraordinary item (176,757) 23,355 11,661 3,905 (365)
Extraordinary item:
Loss on early extinguishment of debt, net of
applicable income taxes of $3,804 (6,620) - -
Net income (loss) $(183,377) $ 23,355 $ 11,661 $3,905 $(365)
Earnings (loss) per common and common
equivalent share:
Income (loss) before extraordinary item $(2.69) $ 0.40 $0.21 $0.08 $ (0.02)
Extraordinary item (0.10) --
Net income (loss) $(2.79) $ 0.40 $0.21 $0.08 $ (0.02)
Cash Flow Data:
Cash provided by (used in) operating activities $84,089 $120,972 $ 54,731 $ 19,423 $(l,499)
Cash used in investing activities 523,854 344,389 112,703 29,211 15,142
Cash provided by financing activities 512,144 219,520 97,282 21,162 20,802
Balance Sheet Data: (at end of period)
Total assets $ 949,068 $572,335 $276,693 $125,690 $78,707
Long-term debt, net of current maturities 508,950 268,431 145,754 47,878 14,051
Stockholders' equity 286,889 177,767 44,975 31,260 31,432