Chesapeake Energy 1997 Annual Report Download - page 58

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
CONDENSED CONSOLIDATING BALANCE SHEET
As of June 30, 1997
($ in thousands)
ASSETS
41
CURRENT ASSETS:
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Company
(Parent) Eliminations Consolidated
Cash and cash equivalents $ (6,534) $ 4,363 $126,188 $$ 124,017
Short-term investments 4,324 100,161 -104,485
Accounts receivable 47,379 19,943 3,022 (6,787) 63,557
Inventory 4,795 59 4,854
Other 666 26 692
Total Current Assets 46,306 28,715 229,371 (6,787) 297,605
PROPERTY AND EQUIPMENT:
Oil and gas properties 865,485 31 865,516
Unevaluated leasehold 128,519 (14) 128,505
Other property and equipment 33,486 1,904 14,989 50,379
Less: accumulated depreciation, depletion
and amortization (436,276) (758) (437,034)
591,214 1,921 14,231 607,366
IN VESTMENTS IN SUBSIDIARIES
AND INTERCOMPANY ADVANCES 817 680,439 (681,256)
OTHER ASSETS 4,961 673 38,463 44,097
TOTAL ASSETS $643,298 $31,309 $962,504 $(688,043) $ 949,068
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Notes payable and current maturities of
long-term debt $1,380 $$$ $ 1,380
Accounts payable and other 122,241 17,527 11,965 (6,787) 144,946
Total Current Liabilities 123,621 17,527 11,965 (6,787) 146,326
LONG-TERM DEBT 508,950 508,950
REVENUES AND ROYALTIES DUE
OTHERS 6,903 6,903
DEFERRED INCOME TAXES
INTERCOMPANY PAYABLES 589,111 1,492 (590,603)
STOCKHOLDERS' EQUITY:
Common Stock 11 1693 (2) 703
Other (76,348) 12,289 440,896 (90,651) 286,186
(76,337) 12,290 441,589 (90,653) 286,889
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $643,298 $31,309 $962,504 $(688,043) $ 949,068