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42
Sources of Funds
The following table presents the sources of our cash and cash equivalents for the years ended December 31,
2013, 2012 and 2011. See Divestitures above and Notes 8, 12, 13 and 15 of the notes to our consolidated financial
statements included in Item 8 of this report for further discussion of sales of natural gas and oil assets, other assets,
investments, and preferred interests and noncontrolling interests in subsidiaries.
Years Ended December 31,
2013 2012 2011
($ in millions)
Cash provided by operating activities ..................................................................... $ 4,614 $ 2,837 $ 5,903
Sales of natural gas and oil assets:
Eagle Ford ......................................................................................................... 636 — —
Marcellus ........................................................................................................... 490 — —
Haynesville ........................................................................................................ 304 — —
Permian Basin ................................................................................................... — 3,130 —
Texoma .............................................................................................................. — 572 —
Chitwood Knox ................................................................................................... — 540 —
Fayetteville Shale ............................................................................................... — — 4,270
SIPC (Mississippi Lime) joint venture................................................................. 1,025 — —
TOT (Utica) joint venture .................................................................................... — — 610
CNOOC (Niobrara) joint venture ........................................................................ — — 553
TOT (Barnett) joint venture ................................................................................ — — 425
Volumetric production payments ........................................................................ — 744 849
Joint venture leasehold ...................................................................................... 58 272 511
Other natural gas and oil properties ................................................................... 954 626 433
Total sales of natural gas, oil and other assets............................................ 3,467 5,884 7,651
Sales of other assets:
Sale of Chesapeake Midstream Operating, L.L.C. (CMO)............................... — 2,160 —
Sale of Appalachia Midstream Services, L.L.C. (AMS).................................... — — 879
Sale of Mid-America Midstream Gas Services, L.L.C. (MAMGS) .................... 306 — —
Sale of Granite Wash Midstream Gas Services, L.L.C. (GWMGS).................. 252 — —
Sales of other property and equipment ............................................................ 364 332 433
Total proceeds from sales of other property and equipment........................ 922 2,492 1,312
Other sources of cash and cash equivalents:
Sale of investment in ACMP .............................................................................. — 2,000 —
Sale of preferred interest and ORRI in CHK C-T ............................................... — 1,250 —
Sale of preferred interest and ORRI in CHK Utica ............................................. — — 1,250
Sale of noncontrolling interest in Chesapeake Granite Wash Trust................... — — 410
Proceeds from long-term debt, net..................................................................... 2,274 6,985 1,614
Proceeds from sales of other investments ......................................................... 115 — —
Cash received from financing derivatives(a) ........................................................ — — 1,043
Other .................................................................................................................. 187 84 442
Total other sources of cash and cash equivalents....................................... 2,576 10,319 4,759
Total sources of cash and cash equivalents............................................ $11,579 $21,532 $19,625
___________________________________________
(a) Reflects derivatives deemed to contain, for accounting purposes, a significant financing element at contract
inception.