Chesapeake Energy 2000 Annual Report Download - page 66

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CONDENSED CONSOUDATING STATEMENTS OF CASH FLOWS
($ in thousands)
-55-
For the Year Ended December 31, 2000:
CASH FLOWS FROM OPERATING
Guarantor
Subsidiaries Non-Guarantor
Subsidiary Parent Eliminations Consolidated
ACTIVITIES $ 320,002 $ (9,627) $ 194,499 $(190,234) $ 314,640
CASH FLOWS FROM INVESTING ACTIVITIES:
Oil and gas properties, net (267,674) 1,515 (266,159)
Proceeds from sale of assets 782 16 271 -1,069
Other investments (8,019) (2,000) (10,019)
Investment in Gothic Energy Corporation -(33,076) (3,617) (36,693)
Other additions (4,453) (2,740) (11,041) (18,234)
(279,364) (34,285) (16,387) (330,036)
CASH FLOWS FROM FINANCING AcTIvITIES:
Proceeds from long-term borrowings 244,000 -244,000
Payments on long-term borrowings (262,500) (262,500)
Cash paid for redemption of preferred stock -(8,269) (8,269)
Cash received on make whole provision 6,109 974 -7,083
Cash dividends paid on preferred stock -(4,645) (4,645)
Exercise of stock options 1,398 -1,398
Intercompany advances, net (34,521) 24,594 (180,307) 190,234
(53,021) 30,703 (190,849) 190,234 (22,933)
EFFECT OF EXCHANGE RATE CHANGES ON
CASH (329) -(329)
Net increase (decrease) in cash and cash equivalents (12,712) (13,209) (12,737) -(38,658)
Cash, beginning of period (7,156) 20,409 25,405 38,658
Cash, end of period $ (19,868) $7,200 $12,668 $$