Chesapeake Energy 2010 Annual Report Download - page 121
Download and view the complete annual report
Please find page 121 of the 2010 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.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
 |
 |
CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EQUITY
Years Ended December 31,
2010 2009 2008
($ in millions, except per share data)
PREFERRED STOCK:
Balance, beginning of period ................................. $ 466 $ 505 $ 960
Issuance of 1,500,000, 0 and 0 shares of 5.75% preferred stock .... 1,500 — —
Issuance of 1,100,000, 0 and 0 shares of 5.75% preferred stock
(series A) ............................................... 1,100 — —
Conversion or exchange of 5,000, 146,801 and 4,545,414 shares of
preferred stock for common stock ........................... (1) (39) (455)
Balance, end of period ...................................... 3,065 466 505
COMMON STOCK:
Balance, beginning of period ................................. 6 6 5
Conversion or exchange of convertible notes and preferred stock for
319,274, 11,632,594 and 36,586,347 shares of common stock . . . — — —
Issuance of 0, 0, and 51,750,000 shares of common stock ........ — — 1
Issuance of 0, 24,822,832 and 1,677,000 shares of common stock
for the purchase of proved and unproved properties ............ — — —
Stock-based compensation .................................. 1 — —
Balance, end of period ...................................... 7 6 6
PAID-IN CAPITAL:
Balance, beginning of period ................................. 12,146 11,680 7,532
Issuance of 0, 0, and 51,750,000 shares of common stock ........ — — 2,697
Issuance of 0, 24,822,832 and 1,677,000 shares of common stock
for the purchase of proved and unproved properties ............ — 421 34
Issuance of 2.25% contingent convertible senior notes due 2038 . . . — — 345
Conversion or exchange of convertible notes and preferred stock for
319,274, 11,632,594 and 36,586,347 shares of common stock . . . 9 301 934
Stock-based compensation .................................. 226 199 188
Offering/transaction expenses ................................ (38) (16) (101)
Dividends on common stock ................................. (95) (185) —
Dividends on preferred stock ................................. (44) (22) —
Exercise of stock options .................................... 3 4 8
Allocation of joint venture capital to Global Infrastructure Partners . . — (294) —
Tax effect on equalization of partners’ capital ................... — 106 —
Tax benefit (reduction in tax benefit) from exercise of stock-based
compensation ........................................... (13) (48) 43
Balance, end of period ...................................... 12,194 12,146 11,680
The accompanying notes are an integral part of these consolidated financial statements.
75