Chesapeake Energy 2013 Annual Report Download - page 79
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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
The accompanying notes are an integral part of these consolidated financial statements.
71
December 31,
2013 2012
($ in millions)
CURRENT ASSETS:
Cash and cash equivalents ($1 and $1 attributable to our VIE)................ $ 837 $ 287
Restricted cash ......................................................................................... 75 111
Accounts receivable, net .......................................................................... 2,222 2,245
Short-term derivative assets ..................................................................... — 58
Deferred income tax asset ........................................................................ 223 90
Other current assets ................................................................................. 299 153
Current assets held for sale ...................................................................... — 4
Total Current Assets......................................................................... 3,656 2,948
PROPERTY AND EQUIPMENT:
Natural gas and oil properties, at cost based on full cost accounting:
Proved natural gas and oil properties ($488 and $488 attributable
to our VIE) ......................................................................................... 56,157 50,172
Unproved properties ............................................................................. 12,013 14,755
Oilfield services equipment ....................................................................... 2,192 2,130
Other property and equipment .................................................................. 3,203 3,778
Total Property and Equipment, at Cost............................................. 73,565 70,835
Less: accumulated depreciation, depletion and amortization (($168)
and ($58) attributable to our VIE) .......................................................... (37,161) (34,302)
Property and equipment held for sale, net ................................................ 730 634
Total Property and Equipment, Net .................................................. 37,134 37,167
LONG-TERM ASSETS:
Investments .............................................................................................. 477 728
Long-term derivative assets ...................................................................... 4 2
Other long-term assets ............................................................................. 511 766
TOTAL ASSETS ........................................................................................... $ 41,782 $ 41,611