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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
147
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2012
($ in millions)
Parent(a) Guarantor
Subsidiaries(a)
Non-
Guarantor
Subsidiaries Eliminations Consolidated
CASH FLOWS FROM OPERATING
ACTIVITIES $ — $ 1,711 $ 1,182 $ (56) $ 2,837
CASH FLOWS FROM INVESTING
ACTIVITIES:
Drilling and completion costs — (8,605) (325) — (8,930)
Acquisitions of proved and unproved
properties — (3,622) 461 — (3,161)
Proceeds from divestitures of proved
and unproved properties — 5,884 — — 5,884
Additions to other property and
equipment — (1,736) (915) — (2,651)
Other investing activities —5,083 (316) (893) 3,874
Net Cash Used In Investing
Activities — (2,996) (1,095) (893) (4,984)
CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from credit facilities
borrowings — 18,930 1,388 — 20,318
Payments on credit facilities
borrowings — (20,651) (999) — (21,650)
Proceeds from issuance of senior
notes, net of discount and offering
costs 1,263 — — — 1,263
Proceeds from issuance of term loans,
net of discount and offering costs 5,722 — — — 5,722
Cash paid to purchase debt (4,000) — — — (4,000)
Proceeds from sales of noncontrolling
interests — 63 1,014 — 1,077
Other financing activities (477)(299) (820) 949 (647)
Intercompany advances, net (2,282)3,242 (960) — —
Net Cash Provided By (Used
In) Financing Activities 226 1,285 (377) 949 2,083
Net increase (decrease) in cash and cash
equivalents 226 — (290) — (64)
Cash and cash equivalents, beginning of
period 2— 349 — 351
Cash and cash equivalents, end of period $ 228 $ — $ 59 $ — $ 287
___________________________________________
(a) We have revised the amounts presented as cash and cash equivalents in the Guarantor Subsidiaries and Parent
columns to properly reflect the cash of the Parent. As of December 31, 2012, $228 million was incorrectly presented
in the Guarantor Subsidiaries column. The impact of this error was not material to any previously issued financial
statements.