Chesapeake Energy 2012 Annual Report Download - page 172
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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
162
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF DECEMBER 31, 2012
($ in millions)
Parent
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
CURRENT ASSETS:
Cash and cash equivalents .............. $—$ 228 $ 59 $ — $ 287
Restricted cash ................................. —— 111 — 111
Other ................................................ 1 2,369 513 (337) 2,546
Current assets held for sale.............. ——4— 4
Total Current Assets................. 1 2,597 687 (337) 2,948
PROPERTY AND EQUIPMENT:
Natural gas and oil properties, at
cost based on full cost accounting,
net ................................................. — 29,063 3,077 (222) 31,918
Other property and equipment, net... — 3,066 1,549 — 4,615
Property and equipment held for
sale, net ......................................... —255 379 — 634
Total Property and Equipment,
Net ........................................ — 32,384 5,005 (222) 37,167
LONG-TERM ASSETS:
Other assets ..................................... 217 1,396 261 (378) 1,496
Long-term assets held for sale ......... ———— —
Investments in subsidiaries and
intercompany advances ................ 2,254 (185) — (2,069) —
TOTAL ASSETS ................................... $2,472 $36,192 $ 5,953 $ (3,006) $ 41,611
CURRENT LIABILITIES:
Current liabilities ............................... $ 789 $ 5,368 $ 426 $ (338) $ 6,245
Current liabilities held for sale........... ——21— 21
Intercompany payable to (receivable
from) parent ................................... (25,571) 24,372 1,330 (131) —
Total Current Liabilities............. (24,782) 29,740 1,777 (469) 6,266
LONG-TERM LIABILITIES:
Long-term debt, net .......................... 11,089 — 1,068 — 12,157
Deferred income tax liabilities........... 361 2,415 127 (96) 2,807
Other liabilities .................................. 235 1,783 839 (372) 2,485
Total Long-Term Liabilities ....... 11,685 4,198 2,034 (468) 17,449
EQUITY:
Chesapeake stockholders’ equity ..... 15,569 2,254 2,142 (4,396) 15,569
Noncontrolling interests .................... —— — 2,327 2,327
Total Equity .............................. 15,569 2,254 2,142 (2,069) 17,896
TOTAL LIABILITIES AND EQUITY...... $2,472 $36,192 $ 5,953 $ (3,006) $ 41,611