Chesapeake Energy 2014 Annual Report Download - page 149

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
141
CONDENSED CONSOLIDATING BALANCE SHEET
YEAR ENDED DECEMBER 31, 2013
($ in millions)
Parent Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
CURRENT ASSETS:
Cash and cash equivalents $ 799 $ 8$ 38 $ (8) $ 837
Restricted cash 37 38 75
Other 103 2,465 524 (348) 2,744
Intercompany receivable, net 25,549 860 (26,409)
Total Current Assets 26,451 2,510 1,460 (26,765) 3,656
PROPERTY AND EQUIPMENT:
Oil and natural gas properties, at cost
based on full cost accounting, net 30,933 1,471 189 32,593
Other property and equipment, net 2,360 1,452 (1) 3,811
Property and equipment held for
sale, net 701 29 — 730
Total Property and Equipment,
Net 33,994 2,952 188 37,134
LONG-TERM ASSETS:
Other assets 111 1,161 96 (376) 992
Investments in subsidiaries and
intercompany advances 2,169 (209) — (1,960)
TOTAL ASSETS $ 28,731 $ 37,456 $ 4,508 $ (28,913) $ 41,782
CURRENT LIABILITIES:
Current liabilities $ 300 $ 5,262 $ 309 $ (356) $ 5,515
Intercompany payable, net — 26,409 — (26,409)
Total Current Liabilities 300 31,671 309 (26,765) 5,515
LONG-TERM LIABILITIES:
Long-term debt, net 11,831 1,055 12,886
Deferred income tax liabilities 209 2,338 773 87 3,407
Other long-term liabilities 396 1,278 504 (344) 1,834
Total Long-Term Liabilities 12,436 3,616 2,332 (257) 18,127
EQUITY:
Chesapeake stockholders’ equity 15,995 2,169 1,867 (4,036) 15,995
Noncontrolling interests — 2,145 2,145
Total Equity 15,995 2,169 1,867 (1,891) 18,140
TOTAL LIABILITIES AND EQUITY $ 28,731 $ 37,456 $ 4,508 $ (28,913) $ 41,782