Chesapeake Energy 2000 Annual Report Download - page 65

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CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
($ in thousands)
-54-
CASH FLOWS FROM OPERATING
ACTIVITIES $ 135,303 $7,193 $36,753 $(34,227) $ 145,022
CASH FLOWS FROM INVESTING ACTIVITIES:
Oil and gas properties, net (159,888) 2,362 (157,526)
Proceeds from sale of assets 2,082 3,448 -5,530
Other investments (480) (250) (730)
Other additions (5,777) (72) (1,198) (7,047)
(164,063) 5,488 (1,198) -(159,773)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long-term borrowings 116,500 116,500
Payments on long-term borrowings (98,000) _- -(98,000)
Cash paid for purchase of preferred stock (53) (53)
Exercise of stock options -520 520
Intercompany advances, net 15,501 781 (50,509) 34,227 -
34,001 728 (49,989) 34,227 18,967
EFFECT OF EXCHANGE RATE CHANGES ON
CASH 4,922 4,922
Net increase (decrease) in cash and cash equivalents 10,163 13,409 (14,434) 9,138
Cash, beginning of period (17,319) 7,000 39,839 29,520
Cash, end of period $(7,156) $ 20,409 $25,405 $$38,658
Guarantor
Subsidiaries Non-Guarantor
Subsidiary Parent Eliminations Consolidated
For the Year Ended December 31, 1998:
CASH FLOWS FROM OPERATING
ACTIVITIES $66,960 $(13,137) $(908,416) $ 949,232 $94,639
CASH FLOWS FROM INVESTING ACTIVITIES:
Oil and gas properties (523,922) ---(523,922)
Proceeds from sale of assets 3,600 3,600
Investment in preferred stock of Gothic Energy
Corporation (39,500) --(39,500)
Repayment of note receivable 2,000 2,000
Proceeds from sale of PanEast Petroleum
Corporation 21,245 21,245
Other additions (2,510) 8,408 (17,371) -(11,473)
(563,932) 8,408 7,474 (548,050)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long-term borrowings -658,750 -658,750
Payments on long-term borrowings (474,166) (474,166)
Cash received from issuance of preferred
stock -222,663 222,663
Cash paid for purchase of treasury stock (29,962) (29,962)
Dividends paid on common stock and preferred
stock -(13,642) (13,642)
Exercise of stock options .__ -154 154
Intercompany advances, net 476,663 6,035 466,534 (949,232) -
476,663 6,035 830,331 (949,232) 363,797
EFFECT OF EXCHANGE RATE CHANGES
ON CASH (4,726) (4,726)
Net increase (decrease) in cash and cash equivalents (25,035) 1,306 (70,611) (94,340)
Cash, beginning of period (284) 13,694 110,450 123,860
Cash, end of period $ (25,319) $ 15,000 $39,839 $ $ 29,520
Guarantor Non-Guarantor
Subsidiaries Subsidiary Parent Eliminations Consolidated
For the Year Ended December 31, 1999: