Chesapeake Energy 2013 Annual Report Download - page 158

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
150
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2011
($ in millions)
Parent(a) Guarantor
Subsidiaries(a)
Non-
Guarantor
Subsidiaries Eliminations Consolidated
CASH FLOWS FROM OPERATING
ACTIVITIES ............................................ $ — $ 5,868 $ 438 $ (403) $ 5,903
CASH FLOWS FROM INVESTING
ACTIVITIES:
Acquisitions of proved and unproved
properties .......................................... — (10,420) (2,021) — (12,441)
Proceeds from divestitures of proved
and unproved properties ................... —7,651 — — 7,651
Additions to other property and
equipment ......................................... —(520) (1,489) — (2,009)
Other investing activities ...................... —(348) 719 616 987
Net Cash Used In Investing
Activities ................................... — (3,637) (2,791) 616 (5,812)
CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from credit facilities
borrowings ........................................ —14,005 1,504 — 15,509
Payments on credit facilities
borrowings ........................................ — (15,898) (1,568) — (17,466)
Proceeds from issuance of senior
notes, net of discount and offering
costs ................................................. 977 — 637 — 1,614
Cash paid to purchase debt ................. (2,015) — — — (2,015)
Proceeds from sales of noncontrolling
interests ............................................ — — 1,348 — 1,348
Other financing activities ...................... (494)1,413 462 (213) 1,168
Intercompany advances, net ................ 1,533 (1,751) 218 — —
Net Cash Provided By (Used
In) Financing Activities ........... 1(2,231) 2,601 (213) 158
Net increase in cash and cash equivalents 1— 248 — 249
Cash and cash equivalents, beginning of
period ...................................................... 1— 101 — 102
Cash and cash equivalents, end of period.. $2$ — $ 349 $ — $ 351
___________________________________________
(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 $2 million which was incorrectly presented in the Guarantor
Subsidiaries column. The impact of this error was not material to any previously issued financial statements.