Chesapeake Energy 1997 Annual Report Download - page 52

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
The accompanying notes are an integral part of these consolidated financial statements.
35
Year Ended June 30,
1997 1996 1995
($ in thousands)
COMMON STOCK:
Balance, beginning of period 3,008 58 51
Issuance of 8,972,000 shares of Common Stock 90
Issuance of 5,989,500 shares of Common Stock 299
Exercise of stock options and warrants 12 79 7
Change in par value (2,407) 2,572
Balance, end of period 703 3,008 58
COMMON STOCK WARRANTS:
Balance, beginning of period 5
Exercise of Common Stock Warrants (5)
Balance, end of period
PAID-IN CAPITAL:
Balance, beginning of period $ 136,782 $ 30,295 $28,243
Exercise of stock options and warrants 1,375 1,910 823
Issuance of Common Stock 301,593 105,516
Offering expenses and other (13,974) (6,317)
Tax benefit from exercise of stock options 4,808 7,950 1,229
Change in par value 2,407 (2,572)
Balance, end of period 432,991 136,782 30,295
ACCUMULATED EARNINGS (DEFICIT):
Balance, beginning of period 37,977 14,622 2,961
Net income (loss) (183,377) 23,355 11,661
Dividends on common stock of $0.02 per share (1,405)
Balance, end of period (146,805) 37,977 14,622
TOTAL STOCKHOLDERS' EQUITY $ 286,889 $177,767 $44,975