Chesapeake Energy 2014 Annual Report Download - page 85

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS – (Continued)
The accompanying notes are an integral part of these consolidated financial statements.
77
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facilities borrowings 7,406 7,669 20,318
Payments on credit facilities borrowings (7,788) (7,682) (21,650)
Proceeds from issuance of senior notes, net of discount and offering
costs 2,966 2,274 1,263
Proceeds from issuance of oilfield services senior notes, net of discount
and offering costs 494 — —
Proceeds from issuance of oilfield services term loan, net of discount and
offering costs 394 — —
Proceeds from issuance of term loan, net of issuance costs — — 5,722
Cash paid to purchase debt (3,362) (2,141) (4,000)
Cash paid for common stock dividends (234) (233) (227)
Cash paid for preferred stock dividends (171) (171) (171)
Cash paid to extinguish other financing — (141) —
Cash paid on financing derivatives (53) (91) (37)
Cash paid for prepayment of mortgage — (55) —
Proceeds from sales of noncontrolling interests — 6 1,077
Proceeds from other financings — — 257
Cash paid to purchase preferred shares of a subsidiary (1,254) (212) —
Cash held and retained by SSE at spin-off (8) — —
Distributions to noncontrolling interest owners (173) (215) (218)
Other (34) (105) (251)
Net Cash Provided By (Used In) Financing Activities (1,817) (1,097) 2,083
Net increase (decrease) in cash and cash equivalents 3,271 550 (64)
Cash and cash equivalents, beginning of period 837 287 351
Cash and cash equivalents, end of period $ 4,108 $ 837 $ 287
Supplemental disclosures to the consolidated statements of cash flows are presented below:
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid, net of capitalized interest $ 96 $ 43 $ —
Income taxes paid, net of refunds received $ 10 $ 26 $ 44
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING
AND FINANCING ACTIVITIES:
Change in accrued drilling and completion costs $ (84) $ (63) $ (75)
Change in accrued acquisitions of proved and unproved properties $ (74) $ (1) $ 242
Change in accrued additions to other property and equipment $ (11) $ (81) $ (25)