Chesapeake Energy 1999 Annual Report Download - page 42

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
Restricted cash
Accounts receivable:
Oil and gas sales
Oil and gas marketing sales
Joint interest and other, net of allowances of $3,218,000
and $3,209,000, respectively
Related parties
Inventory
Other
Total Current Assets
PROPERTY AND EQUIPMENT:
Oil and gas properties, at cost based on full-cost accounting:
Evaluated oil and gas properties
Unevaluated properties
Less: accumulated depreciation, depletion and
amortization
Other property and equipment
Less: accumulated depreciation and amortization
Total Property and Equipment
OTHER ASSETS
TOTAL ASSETS
CURRENT LIABILITIES:
Notes payable and current maturities of long-term debt
Accounts payable
Accrued liabilities and other
Revenues and royalties due others
Total Current Liabilities
LONG-TERM DEBT, NET
REVENUES AND ROYALTIES DUE OTHERS
DEFERRED INCOME TAXES
CONTINGENCIES AND COMMITMENTS (Note 4)
STOCKHOLDERS' EQUITY (DEFICIT):
Preferred Stock, $01 par value, 10,000,000 shares authorized;
4,596,400 and 4,600,000 shares of 7% cumulative convertible stock
issued and outstanding at December31, 1999 and 1998, respectively,
entitled in liquidation to $229.8 million and 230.0 million, respectively
Common Stock, par value of $01, 250,000,000 shares authorized;
105,858,580 and 105,213,750 shares issued at December 31,
1999 and 1998, respectively
Paid-in capital
Accumulated earnings (deficit)
Accumulated other comprehensive income (loss)
Less: treasury stock, at cost; 10,856,185 and 8,503,300 common
shares at December 31, 1999 and 1998, respectively
Total Stockholders' Equity (Deficit)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
-32-
December 31,
1999 1998
(S in thousands)
$38,658 $29,520
192 5,754
17,045 13,835
18,199 19,636
11,247 27,373
4,574 15,455
4,582 5,325
3,049 1,101
97.546 117.999
2,315,348 2,142,943
40,008 52,687
(1.670,542) (1.574.282)
684,814 621,348
67,712 79,718
(33.429) (37,075)
719,097 663.991
33,890 30,625
$850533 $812615
$763 $25,000
24,822 36,854
34,713 46,572
27 888 22.858
88 186 131.284
964,097 919,076
9,310 10823
6484
229,820 230,000
1,059 1,052
682,905 682,263
(1,093,929) (1,127,195)
196 (4,726)
(37.595) (29 962)
(217.544) (248.568)
$850533 $812615
The accompanying notes are an integral part of these consolidated financial statements.