Chesapeake Energy 2015 Annual Report Download - page 155

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
151
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2014
($ in millions)
Parent Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
CASH FLOWS FROM
OPERATING ACTIVITIES:
Net Cash Provided By
Operating Activities ................... $ — $ 4,201 $ 462 $ (29) $ 4,634
CASH FLOWS FROM
INVESTING ACTIVITIES:
Drilling and completion costs ................ — (4,445) (136) — (4,581)
Acquisitions of proved and unproved
properties........................................... — (1,306) (5) — (1,311)
Proceeds from divestitures of proved
and unproved properties.................... —5,812 1 — 5,813
Additions to other property and
equipment.......................................... —(480) (246) — (726)
Other investing activities ....................... —1,199 60 — 1,259
Net Cash Provided By (Used In)
Investing Activities..................... — 780 (326) — 454
CASH FLOWS FROM
FINANCING ACTIVITIES:
Proceeds from credit facilities
borrowings ......................................... —6,689 717 — 7,406
Payments on credit facilities
borrowings ......................................... — (6,689) (1,099) — (7,788)
Proceeds from issuance of senior
notes, net of discount and offering
costs .................................................. 2,966 — 494 — 3,460
Proceeds from issuance of oilfield
services term loan, net of issuance
costs .................................................. — — 394 — 394
Cash paid to purchase debt.................. (3,362) — — — (3,362)
Other financing activities....................... (439) (1,278) (169) (41) (1,927)
Intercompany advances, net................. 4,136 (3,709) (427) — —
Net Cash Provided By (Used In)
Financing Activities ................. 3,301 (4,987) (90) (41) (1,817)
Net increase (decrease) in cash and cash
equivalents ............................................... 3,301 (6) 46 (70) 3,271
Cash and cash equivalents,
beginning of period .................................. 799 838 (8) 837
Cash and cash equivalents, end of period .. $4,100 $2$ 84 $ (78) $ 4,108