Chesapeake Energy 2000 Annual Report Download - page 95
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GOTIIIC ENERGY CORPORATION AND SUBSIDIARY
CONSOUDATED BALANCE SHEETS
See accompanying notes to consolidated financial statements.
-84-
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
December 31,
1999 2000
($ in thousands)
$2,583 $2,000
Natural gas and oil receivables 8,163 18,273
Receivable from officers and employees 77 1,764
Other 624 192
Total Current Assets 11,447 22,229
PROPERTY AND EQUIPMENT:
Natural gas and oil properties on full cost method:
Properties being amortized 258,818 275,827
Unproved properties not subject to amortization 5,473 6,191
Equipment, furniture and fixtures 6,123 6,385
Accumulated depreciation, depletion and amortization (54,170) (76,651)
PROPERTY AND EQUIPMENT, NET 216,244 211,752
OTHER ASSETS, NET 10,706 8,675
TOTAL ASSETS $ 238,397 $ 242,656
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT UABIUTIES:
Accounts payable trade $4,630 $203
Revenues payable 6,047 6,349
Accrued interest 4,357 4,366
Other accrued liabilities 893 291
Total Current Liabilities 15,927 11,209
LONG-TERM DEBT 319,857 321,676
GAS IMBALANCE LIABIUTY 3,648 2,835
COMMITMENTS AND CONTINGENCIES (NOTES I AND 6)
STOCKHOLDERS' EQUITY (DEFICIT):
Series B Preferred stock, par value $05, authorized 165,000 shares; 59,216 and 66,674 shares issued and
outstanding, respectively 45,612 55,139
Common stock, par value $01, authorized 100,000,000 shares; 18,685,765 and 23,305,094 shares issued and
outstanding, respectively 187 233
Additional paid in capital 42,987 44,830
Accumulated deficit (189,821) (193,266)
Total Stockholders' Equity (Deficit) (101,035) (93,064)
TOTAL UABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 238,397 $ 242,656