Chesapeake Energy 2000 Annual Report Download - page 91
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Please find page 91 of the 2000 Chesapeake Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.CHESAPEAKE ENERGY CORPORATION
UNAUDITED PRO FORMA COMBINED STATEMENT OF OPERATIONS
Year Ended December 31, 2000
(in thousands, except per share data)
The accompanying notes are an integral part of these pro forma combined financial statements.
-80-
Historical Pro Forma
Chesapeake Gothic Adjustments As Adjusted
Revenues:
Oil and gas sales $ 470,170 $ 83,065 $$ 553,235
Oil and gas marketing sales 157,782 157,782
Well operations 2,680 (2,680) (h)
Total revenues 627,952 85,745 (2,680) 711,017
Operating costs:
Production expenses and taxes 74,925 11,800 86,725
General and administrative 13,177 5,763 (2,680) (h) 16,260
Oil and gas marketing expenses 152,309 152,309
Oil and gas depreciation, depletion and amortization 101,291 21,817 25,286 (b) 148,394
Depreciation and amortization of other assets 7,481 2,632 (2,582) (c) 7,531
Total operating costs 349,183 42,012 20,024 411,219
Income from operations 278,769 43,733 (22,704) 299,798
Other income (expense):
Interest and other income 3,649 280 3,929
Interest expense (86,256) (37,931) 14,427 (g) (106,987)
2,773 (1)
Total other income (expense) (82,607) (37,651) 17,200 (103,058)
Income (loss) before income taxes 196,162 6,082 (5,504) 196,740
Income tax expense (benefit) (259,408) -(2,202) (d) (261,610)
Net income (loss) 455,570 6,082 (3,302) 458,350
Preferred stock dividends (8,484) (9,527) 9,527 (f) (8,484)
Gain (loss) on redemption of preferred stock 6,574 -6,574
Net income (loss) available to common shareholders $ 453,660 $ (3,445) $6,225 $ 456,440
Earnings (loss) per common share(e):
Basic $3.52 $3.27
Assuming dilution $3.01 $2.83
Weighted average common and common equivalent shares outstanding(e):
Basic 128,993 139,536
Assuming dilution 151,564 162,107