Chesapeake Energy 1998 Annual Report Download - page 64

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) AND
COMPREHENSIVE INCOME (LOSS)
44
The accompanying notes are an integral part of these consolidated fmancial statements.
Year Ended
December 31, Six Months Ended
December 31, Year Ended June 30,
1998 1997 1997 1996
(S in thousands)
PREFERRED STOCK:
Balance, beginning of period $ $ $ $
Issuance of preferred stock 230,000
Balance, end of period 230,000
COMMON STOCK:
Balance, beginning of period 743 703 3,008 58
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 212 79
Issuance of 3,792,724 shares of common stock
to AnSon Production Corporation 38
Issuance of 25,790,146 shares of common stock to
1-lugoton Energy Corporation 258
Issuance of 5,000,000 shares of common stock to
DLB Oil and Gas, Inc. 50 -
Change in par value and other 1(2,407) 2,572
Balance, end of period 1,052 743 703 3,008
PAID-IN CAPITAL:
Balance, beginning of period 460,733 432,991 136,782 30,295
Exercise of stock options and warrants 153 320 1,375 1,910
Issuance of common stock 236,013 27,459 301,593 105,516
Offering expenses and other (16,686) (13,974) (6,317)
Stock options issued in Hugoton purchase 2,050
Tax benefit from exercise of stock options 4,808 7,950
Change in par value 2,407 (2,572)
Balance, end of period 682,263 460,770 432,991 136,782
ACCUMULATED EARNINGS (DEFICIT):
Balance, beginning of period (181,270) (146,805) 37,977 14,622
Net income (loss) (933,854) (31,574) (183,377) 23,355
Dividends on common stock (4,021) (2,891) (1,405)
Dividends on preferred stock (8,050) --
Balance, end of period (1,127,195) (181,270) (146,805) 37,977
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):
Balance, beginning of period (37)
Foreign currency translation adjustments (4,689) (37)
Balance, end of period (4,726) (37)
TREASURY STOCK:
Balance, beginning of period
Purchases of treasury stock (29,962)
Balance, end of period (29,962) -
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) $(248,568) $280,206 $286,889 $ 177,767
COMPREHENSIVE INCOME (LOSS):
Net income (loss) $(933,854) $(31,574) $ (183,377) $23,355
Other comprehensive income (loss) foreign currency translation adjustments (4,689) .(37)
Comprehensive income (loss) $(938,543) $(31,611.) $ (183,377) $23,355