Chesapeake Energy 2014 Annual Report Download - page 151

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
143
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 2013
($ in millions)
Parent Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
REVENUES:
Oil, natural gas and NGL $ — $ 6,439 $ 553 $ 60 $ 7,052
Marketing, gathering and compression — 9,547 12 — 9,559
Oilfield services — 221 1,836 (1,162) 895
Total Revenues — 16,207 2,401 (1,102) 17,506
OPERATING EXPENSES:
Oil, natural gas and NGL production — 1,112 47 — 1,159
Production taxes — 222 7 — 229
Marketing, gathering and compression — 9,455 6 — 9,461
Oilfield services — 239 1,434 (937) 736
General and administrative — 375 83 (1) 457
Restructuring and other termination
costs — 244 4 — 248
Oil, natural gas and NGL depreciation,
depletion and amortization — 2,336 253 — 2,589
Depreciation and amortization of other
assets — 180 281 (147) 314
Impairment of oil and natural gas
properties — (2) 313 (311) —
Impairments of fixed assets and other — 417 129 — 546
Net gains on sales of fixed assets — (301) (1) — (302)
Total Operating Expenses — 14,277 2,556 (1,396) 15,437
INCOME (LOSS) FROM OPERATIONS — 1,930 (155) 294 2,069
OTHER INCOME (EXPENSE):
Interest expense (921) (4) (85) 783 (227)
Losses on investments — (225) (1) — (226)
Net loss on sales of investments — (7) — — (7)
Losses on purchases of debt (70) (123) — — (193)
Other income 3,979 (603) 13 (3,363) 26
Equity in net earnings (losses) of
subsidiary (1,129) (383) — 1,512 —
Total Other Income (Expense) 1,859 (1,345) (73) (1,068) (627)
INCOME (LOSS) BEFORE INCOME
TAXES 1,859 585 (228) (774) 1,442
INCOME TAX EXPENSE (BENEFIT) 1,135 370 (87) (870) 548
NET INCOME (LOSS) 724 215 (141) 96 894
Net income attributable to
noncontrolling interests — — — (170) (170)
NET INCOME (LOSS) ATTRIBUTABLE
TO CHESAPEAKE 724 215 (141) (74) 724
Other comprehensive income (loss) 319 (2) — 20
COMPREHENSIVE INCOME
ATTRIBUTABLE TO CHESAPEAKE $ 727 $ 234 $ (143) $ (74) $ 744