Chesapeake Energy 1999 Annual Report Download - page 57

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CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(S in thousands)
-47-
For the Six Months Ended December 31, 1997:
Guarantor
Subsidiaries Non-Guarantor
Subsidiaries Company Eliminations Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES $28598 $ (10,842) $121401 $ $ 139,157
CASH FLOWS FROM INVESTING ACTIVITIES:
Oil and gas properties (187,252) (187,252)
Investment in service operations (200) (200)
Other investments (26,472) 99,380 72,908
Other additions (22,864) 1,357 (453) (21.960)
(236 788) 1.357 98,927 (136,504)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid on common stock (2,810) (2,810)
Exercise of stock options -322 322
Other financing (322) (322)
Intercompany advances, net 214,135 19,443 (233.578) -
214 135 19,121 (236,066) (2,810)
Net increase (decrease) in cash and cash
equivalents 5,945 9,636 (15,738) (157)
Cash, beginning of period (6.534) 4.363 126,188 124.017
Cash, end of period S(589) $13.999 $110.450 S$123,860
For the Year Ended June 30, 1997:
Guarantor
Subsidiaries Non-Guarantor
Subsidiaries Company Eliminations Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES $165 850 $ (11,008) 5(70.753) $ $ 84,089
CASH FLOWS FROM INVESTING ACTIVITIES:
Oil and gas properties (465,424) 57 (465,367)
Proceeds from sale of assets 6,428 6,428
Investment in service operations (3,048) (3,048)
Long-term loans to third parties (2,000) (18,000) (20,000)
Other investments (8,000) (8,000)
Other additions (24 318) (1,999) (7.550) (33.867)
(488 362) (1.942) (33,550) (523.854)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings 50,000 292,626 342,626
Payments on borrowings (118,901) (680) (119,581)
Exercise of stock options 1,387 1,387
Issuance of common stock 288,091 288,091
Other financing (379) (379)
Intercompany advances, net 380 735 14,645 (395,380) -
311,834 14,645 185,665 512,144
Net increase (decrease) in cash and cash
equivalents (10,678) 1,695 81,362 72,379
Cash, beginning of period 4 144 2,668 44,826 5l638
Cash, end of period $(6.534) $4363 $126.188 $5124.017