Chesapeake Energy 1999 Annual Report Download - page 46

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) AND
COMPREHENSIVE INCOME (LOSS)
-36-
The accompanying notes are an integral part of these consolidated financial statements.
Years Ended
December 31. Six Months Ended
December 31,
1997
Year Ended
June 30,
1997
1999 1998 (S in thousands)
PREFERRED STOCK:
Balance, beginning of period $ 230,000 $$$
Purchase of preferred stock (180) -
Issuance of preferred stock 230.000
Balance, end of period 229,820 230,000
COMMON STOCK:
Balance, beginning of period 1,052 743 703 3,008
Issuance of 8,972,000 shares of common stock --90
Exercise of stock options and warrants 6212
Issuance of 3,792,724 shares of common stock
to AnSon Production Corporation 38
Issuance of 25,790,146 shares of common stock to
Hugoton 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 i1(2,407)
Balance, end of period 1.059 1.052 743 703
PAID-IN CAPITAL:
Balance, beginning of period 682,263 460,770 432,991 136,782
Exercise of stock options and warrants 514 153 320 1,375
Issuance of common stock 236,013 27,459 301,593
Offering expenses and other 1(16,723) -(13,974)
Stock options issued in Hugoton purchase 2,050
Purchase of preferred stock at discount 127 -
Tax benefit from exercise of stock options 4,808
Change in par value 2,407
Balance, end of period 682 905 682.263 460.770 432.99 1
ACCUMULATED EARNINGS (DEFICIT):
Balance, beginning of period (1,127,195) (181,270) (146,805) 37,977
Net income (loss) 33,266 (933,854) (31,574) (183,377)
Dividends on common stock (4,021) (2,891) (1,405)
Dividends on preferred stock (8.050) --
Balance, end of period (1.093.929) (1,127,195) (181.270) (146.805)
ACCUMULATED OTHER COMPREHENSiVE INCOME (LOSS):
Balance, beginning of period (4,726) (37)
Foreign currency translation adjustments 4,922 (4,689) (37)
Balance, end of period 196 (4,726) (37)
TREASURY STOCK - COMMON:
Balance, beginning of period (29,962)
Exchange of notes receivable for common stock from related parties (7.633) (29.962)
Balance, end of period (37,595) (29,962)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) $ (2 17.544) $ (248.568) S280.206 $ 286.889
COMPREHENSIVE INCOME (LOSS):
Net income (loss) $33,266 $ (933,854) $(31,574) $ (183,377)
Other comprehensive income (loss) foreign currency translation
adjustments 4,922 (4,689) (37)
Comprehensive income (loss) S38.188 $ (938.543) $(31 611) $ (183.377)