Chesapeake Energy 2015 Annual Report Download - page 79
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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
The accompanying notes are an integral part of these consolidated financial statements.
75
December 31,
2015 2014
($ in millions)
CURRENT ASSETS:
Cash and cash equivalents ($1 and $1 attributable to our VIE)................ $ 825 $ 4,108
Restricted cash ......................................................................................... — 38
Accounts receivable, net........................................................................... 1,129 2,236
Short-term derivative assets ($0 and $16 attributable to our VIE) ............ 366 879
Other current assets ................................................................................. 160 207
Total Current Assets......................................................................... 2,480 7,468
PROPERTY AND EQUIPMENT:
Oil and natural gas properties, at cost based on full cost accounting:
Proved oil and natural gas properties
($488 and $488 attributable to our VIE) ............................................ 63,843 58,594
Unproved properties ............................................................................. 6,798 9,788
Other property and equipment .................................................................. 2,927 3,083
Total Property and Equipment, at Cost............................................. 73,568 71,465
Less: accumulated depreciation, depletion and amortization
(($428) and ($251) attributable to our VIE)............................................ (59,365) (39,043)
Property and equipment held for sale, net ................................................ 95 93
Total Property and Equipment, Net .................................................. 14,298 32,515
LONG-TERM ASSETS:
Investments .............................................................................................. 136 265
Long-term derivative assets ...................................................................... 246 6
Other long-term assets ............................................................................. 197 497
TOTAL ASSETS ........................................................................................... $ 17,357 $ 40,751