Chesapeake Energy 2014 Annual Report Download - page 157

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
SUPPLEMENTARY INFORMATION
149
Quarterly Financial Data (unaudited)
Summarized unaudited quarterly financial data for 2014 and 2013 are as follows:
Quarters Ended
March 31,
2014 June 30,
2014 September 30,
2014 December 31,
2014
($ in millions except per share data)
Total revenues $ 5,046 $ 5,152 $ 5,703 $ 5,050
Gross profit(a) $ 733 $ 610 $ 1,174 $ 960
Net income attributable to Chesapeake $ 425 $ 191 $ 662 $ 639
Net income available to common
stockholders $ 375 $ 145 $ 169 $ 586
Net earnings per common share:
Basic $ 0.57 $ 0.22 $ 0.26 $ 0.89
Diluted $ 0.54 $ 0.22 $ 0.26 $ 0.81
Quarters Ended
March 31,
2013 June 30,
2013 September 30,
2013 December 31,
2013
($ in millions except per share data)
Total revenues $ 3,424 $ 4,675 $ 4,867 $ 4,541
Gross profit(a) $ 217 $ 1,167 $ 436 $ 249
Net income (loss) attributable to
Chesapeake(b) $ 58 $ 580 $ 202 $ (116)
Net income (loss) available to common
stockholders(b) $ 15 $ 458 $ 156 $ (159)
Net earnings (loss) per common share:
Basic $ 0.02 $ 0.70 $ 0.24 $ (0.24)
Diluted $ 0.02 $ 0.66 $ 0.24 $ (0.24)
_________________________________________
(a) Total revenue less operating expenses.
(b) Includes $123 million of losses on the extinguishment of other financing and $203 million of impairments of fixed
assets and other for the quarter ended December 31, 2013. See Note 5 and Note 17 for further discussion.