Chesapeake Energy 2010 Annual Report Download - page 177

Download and view the complete annual report

Please find page 177 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.

Page out of 192

  • 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
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2009
($ in millions)
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
CASH FLOWS FROM
OPERATING
ACTIVITIES .......... $ — $ 4,512 $ (156) $ — $ 4,356
CASH FLOWS FROM
INVESTING
ACTIVITIES:
Additions to natural gas
and oil properties .... — (5,840) — — (5,840)
Proceeds from
divestitures of natural
gas and oil
properties .......... — 1,926 — — 1,926
Additions to other
property and
equipment .......... — (894) (789) — (1,683)
Other investing
activities ........... — 79 56 — 135
Cash used in investing
activities .......... — (4,729) (733) — (5,462)
CASH FLOWS FROM
FINANCING
ACTIVITIES:
Proceeds from credit
facilities borrowings . . — 6,933 828 — 7,761
Payments on credit
facilities borrowings . . — (8,514) (1,244) — (9,758)
Proceeds from issuance
of senior notes, net of
offering costs ....... 1,346 — — — 1,346
Proceeds from sales of
noncontrolling interest
in midstream joint
venture ............ — — 588 — 588
Other financing
activities ........... (276) 65 (62) — (273)
Intercompany advances,
net ................ (1,070) 277 793 — —
Cash provided by
financing
activities .......... — (1,239) 903 — (336)
Net increase (decrease) in
cash and cash
equivalents ........... — (1,456) 14 — (1,442)
Cash and cash
equivalents, beginning of
period ............... — 1,749 — — 1,749
Cash and cash
equivalents, end of
period ............... $ — $ 293 $ 14 $ — $ 307
131