Chesapeake Energy 2013 Annual Report Download - page 157

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
149
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2012
($ in millions)
Parent(a) Guarantor
Subsidiaries(a)
Non-
Guarantor
Subsidiaries Eliminations Consolidated
CASH FLOWS FROM OPERATING
ACTIVITIES ............................................ $ — $ 3,662 $ 431 $ (1,256) $ 2,837
CASH FLOWS FROM INVESTING
ACTIVITIES:
Acquisitions of proved and unproved
properties ......................................... — (11,099) (992) — (12,091)
Proceeds from divestitures of proved
and unproved properties................... —5,583 301 — 5,884
Additions to other property and
equipment......................................... —(855) (1,796) — (2,651)
Other investing activities...................... —4,705 2,133 (2,964) 3,874
Net Cash Used In Investing
Activities................................... — (1,666) (354) (2,964) (4,984)
CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from credit facilities
borrowings ........................................ —18,336 1,982 — 20,318
Payments on credit facilities
borrowings ........................................ — (20,056) (1,594) — (21,650)
Proceeds from issuance of senior
notes, net of discount and offering
costs ................................................. 1,263 — — — 1,263
Proceeds from issuance of term loans,
net of discount and offering costs ........ 5,722 — — — 5,722
Cash paid to purchase debt................. (4,000) — — — (4,000)
Proceeds from sales of noncontrolling
interests ............................................ — — 1,077 — 1,077
Other financing activities...................... (477)(153) (4,237) 4,220 (647)
Intercompany advances, net................ (2,282)(123) 2,405 — —
Net Cash Provided By (Used
In) Financing Activities........... 226 (1,996) (367) 4,220 2,083
Net increase in cash and cash equivalents 226 — (290) — (64)
Cash and cash equivalents, beginning of
period ...................................................... 2— 349 — 351
Cash and cash equivalents, end of period .$ 228 $ — $ 59 $ — $ 287
___________________________________________
(a) We have revised the amounts presented as cash and cash equivalents in the Guarantor Subsidiaries and Parent
columns to properly reflect the cash of the Parent of $228 million, which was incorrectly presented in the Guarantor
Subsidiaries column. The impact of this error was not material to any previously issued financial statements.