Chesapeake Energy 1999 Annual Report Download - page 53

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CONDENSED CONSOLIDATING BALANCE SHEET
As of December 31, 1998
($ in thousands)
ASSETS
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
-43-
CURRENT ASSETS:
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Company Eliminations Consolidated
Cash and cash equivalents $(11,565) $7,000 $39,839 $-$35,274
Accounts receivable 54,384 29,641 270 (7,996) 76,299
Inventory 4,919 406 -5,325
Other 721 15 365 1101
48.459 37.062 40.474 (7,996) 117.999
Total Current Assets
PROPERTY AND EQUIPMENT:
Oil and gas properties 2,142,943 -2,142,943
Unevaluated leasehold 52,687 -52,687
Other property and equipment 47,628 15,109 16,981 79,718
Less: accumulated depreciation,
depletion and amortization (1.601.931) (8.036) (1.390) (1,611.357)
Net Property and Equipment 641.327 7,073 15.591 -663,991
INVESTMENTS IN SUBSIDIARIES AND
INTERCOMPANY ADVANCES 473,578 48 1.150 (954.728)
OTHER ASSETS 10610 560 19,455 -30.625
TOTAL ASSETS $1 173 974 $44.65 $ 556.670 $ (962.724 $812.615
CURRENT LIABILITIES:
Notes payable and current
maturities of long-term debt $25,000 $$-$$25,000
Accounts payable and other 80,786 15.992 17.529 (8.023) 106.284
105,786 15.992 17,529 (8,023) 131.284
Total Current Liabilities
LONG-TERM DEBT 919.076 919.076
REVENUES AND ROYALTIES DUE
OTHERS 10.823 10.823
DEFERRED INCOME TAXES 1,338,948 11.376 (1.350.351) 27
INTERCOMPANY PAVABLES
STOCKHOLDERS' EQUITY (DEFICIT):
Common Stock 26 11,042 (17) 1,052
Other (281,609) 17,326 969.374 (954.711) (249.620)
(281,583) 17,327 970,416 (954,728) (248.568)
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY (DEFICIT) $1 173 974 S44.695 $ 556.670 S(962.724) $812.615