Chesapeake Energy 2013 Annual Report Download - page 143
Download and view the complete annual report
Please find page 143 of the 2013 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
 |
 |
CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
135
The following table provides fair value measurement information for financial assets (liabilities) measured at fair
value on a recurring basis as of December 31, 2013 and 2012:
As of December 31, 2013
Quoted
Prices in
Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3) Total
Fair Value
($ in millions)
Financial Assets (Liabilities):
Other current assets ............................. $ 80 $ — $ — $ 80
Other current liabilities .......................... (82) — — (82)
Derivatives:
Commodity assets ............................ — 25 15 40
Commodity liabilities......................... — (100) (493) (593)
Interest rate liabilities........................ — (98) — (98)
Foreign currency liabilities ................ — 2 — 2
Total derivatives ........................... — (171) (478) (649)
Total ......................................... $ (2) $ (171) $ (478) $ (651)
As of December 31, 2012
Quoted
Prices in
Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3) Total
Fair Value
($ in millions)
Financial Assets (Liabilities):
Other current assets ............................. $4$ — $ — $ 4
Investments .......................................... 20 — — 20
Other long-term assets ......................... 88 — — 88
Other long-term liabilities ...................... (87) — — (87)
Derivatives:
Commodity assets ............................ — 105 10 115
Commodity liabilities......................... — (13) (1,026) (1,039)
Interest rate liabilities........................ — (35) — (35)
Foreign currency liabilities ................ — (20) — (20)
Total derivatives ........................... — 37 (1,016) (979)
Total ......................................... $ 25 $ 37 $ (1,016) $ (954)