Chesapeake Energy 2010 Annual Report Download - page 170

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
Exploration
and
Production
Marketing,
Gathering and
Compression
Other
Operations
Intercompany
Eliminations
Consolidated
Total
($ in millions)
For the Year Ended
December 31, 2009:
Revenues ........... $ 5,049 $ 5,341 $ 414 $ (3,102) $ 7,702
Intersegment
revenues .......... (2,878) (224) 3,102
Total revenues ..... 5,049 2,463 190 — 7,702
Depreciation, depletion
and amortization ..... 1,556 44 50 (35) 1,615
Other income
(expense) ........... 9 3 1 (2) 11
Interest expense ....... (113) (1) 1 (113)
Impairment of natural gas
and oil properties ..... 11,000 — 11,000
Impairment of
investments ......... (162) — (162)
(Gains) losses on sale of
other property and
equipment ........... — 38 38
Other impairments ...... 13 90 27 130
Losses on redemptions or
exchanges of debt .... (40) — (40)
Earnings (losses) from
equity investees ...... (39) — (39)
INCOME (LOSS)
BEFORE INCOME
TAXES ............. $ (9,173) $ (48) $ (70) $ 3 $ (9,288)
TOTAL ASSETS ....... $ 25,637 $ 4,323 $ 660 $ (706) $ 29,914
NET CAPITAL
EXPENDITURES ..... $ 4,837 $ 966 $ 290 $ — $ 6,093
For the Year Ended
December 31, 2008:
Revenues ........... $ 7,858 $ 9,126 $ 631 $ (5,986) $ 11,629
Intersegment
revenues .......... (5,528) (458) 5,986
Total revenues ..... 7,858 3,598 173 — 11,629
Depreciation, depletion
and amortization ..... 2,108 28 35 (27) 2,144
Other income
(expense) ........... 27 6 (6) 27
Interest expense ....... (271) (2) 2 (271)
Impairment of natural gas
and oil properties ..... 2,800 — 2,800
Impairment of
investments ......... (180) — (180)
Other impairments ...... — 30 30
Losses or redemptions on
exchanges of debt .... (4) (4)
Earnings (losses) from
equity investees ...... (38) — (38)
INCOME (LOSS)
BEFORE INCOME
TAXES ............. $ 968 $ 28 $ 82 $ (87) $ 991
TOTAL ASSETS ....... $ 35,415 $ 3,416 $ 465 $ (703) $ 38,593
NET CAPITAL
EXPENDITURES ..... $ 7,658 $ 1,765 $ 229 $ — $ 9,652
124