Chesapeake Energy 2014 Annual Report Download - page 115

Download and view the complete annual report

Please find page 115 of the 2014 Chesapeake Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 173

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173

CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
107
For the years ended December 31, 2014, 2013 and 2012, the Trust declared and paid the following distributions:
Production Period Distribution Date
Cash Distribution
per
Common Unit
Cash Distribution
per
Subordinated Unit
June 2014 - August 2014 December 1, 2014 $ 0.5079 $ —
March 2014 - May 2014 August 29, 2014 $ 0.5796 $ —
December 2013 - February 2014 May 30, 2014 $ 0.6454 $ —
September 2013 - November 2013 March 3, 2014 $ 0.6624 $ —
June 2013 - August 2013 November 29, 2013 $ 0.6671 $ —
March 2013 - May 2013 August 29, 2013 $ 0.6900 $ 0.1432
December 2012 - February 2013 May 31, 2013 $ 0.6900 $ 0.3010
September 2012 - November 2012 March 1, 2013 $ 0.6700 $ 0.3772
June 2012 - August 2012 November 29, 2012 $ 0.6300 $ 0.2208
March 2012 - May 2012 August 30, 2012 $ 0.6100 $ 0.4819
December 2011 - February 2012 May 31, 2012 $ 0.6588 $ 0.6588
September 2011 - November 2011 March 1, 2012 $ 0.7277 $ 0.7277
We have determined that the Trust is a variable interest entity (VIE) and that Chesapeake is the primary beneficiary.
As a result, the Trust is included in our consolidated financial statements. As of December 31, 2014 and 2013, $287
million and $314 million, respectively, of noncontrolling interests on our consolidated balance sheets were attributable
to the Trust. In 2014, 2013 and 2012, income of approximately $24 million, $20 million and $35 million, respectively,
was attributable to the Trust’s noncontrolling interests in our consolidated statements of operations. See Note 15 for
further discussion of VIEs.
Wireless Seismic, Inc. As of December 31, 2014, we no longer consolidated Wireless Seismic, Inc. (Wireless),
a privately owned company engaged in research, development and production of wireless seismic systems and related
technology that delivers seismic information obtained from standard geophones in real time to personal computers.
Because we no longer have a controlling equity interest in Wireless, our interest is included in investments in our
consolidated balance sheet and within other in the table in Note 14.