Chesapeake Energy 2013 Annual Report Download - page 160

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
SUPPLEMENTARY INFORMATION
152
Quarterly Financial Data (unaudited)
Summarized unaudited quarterly financial data for 2013 and 2012 are as follows:
Quarters Ended
March 31,
2013 June 30,
2013 September 30,
2013 December 31,
2013
($ in millions except per share data)
Total revenues ...................................... $ 3,424 $ 4,675 $ 4,867 $ 4,541
Gross profit(a) ............................................. $ 217 $ 1,167 $ 436 $ 249
Net income (loss) attributable to
Chesapeake(b).................................... $ 58 $ 580 $ 202 $ (116)
Net income (loss) available to common
stockholders(b).................................... $ 15 $ 458 $ 156 $ (159)
Net earnings (loss) per common share:
Basic................................................. $ 0.02 $ 0.70 $ 0.24 $ (0.24)
Diluted .............................................. $ 0.02 $ 0.66 $ 0.24 $ (0.24)
Quarters Ended
March 31,
2012 June 30,
2012 September 30,
2012 December 31,
2012
($ in millions except per share data)
Total revenues ...................................... $ 2,419 $ 3,389 $ 2,970 $ 3,538
Gross profit (loss)(a)(c) ............................... $6$ 738 $ (3,194) $ 756
Net income (loss) attributable to
Chesapeake(c) .................................... $ (28) $ 972 $ (2,012) $ 299
Net income (loss) available to common
stockholders(c) .................................... $ (71) $ 929 $ (2,055) $ 257
Net earnings (loss) per common share:
Basic................................................. $ (0.11) $ 1.45 $ (3.19) $ 0.39
Diluted .............................................. $ (0.11) $ 1.29 $ (3.19) $ 0.39
_________________________________________
(a) Total revenue less operating expenses.
(b) Includes $203 million of impairments of fixed assets and other and $123 million of losses on the extinguishment
of other financing for the quarter ended December 31, 2013. See Note 16 and Note 5 for further discussion.
(c) Includes a $3.315 billion ceiling test write-down on our natural gas and oil properties for the quarter ended
September 30, 2012.