Chesapeake Energy 2015 Annual Report Download - page 84

CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS – (Continued)
The accompanying notes are an integral part of these consolidated financial statements.
80
Years Ended December 31,
2015 2014 2013
($ in millions)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facilities borrowings ............................................... — 7,406 7,669
Payments on credit facilities borrowings ................................................. — (7,788) (7,682)
Proceeds from issuance of senior notes,
net of discount and offering costs ........................................................ — 2,966 2,274
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 issuance costs ........................................................................... — 394 —
Cash paid to purchase debt .................................................................... (508) (3,362) (2,141)
Cash paid for common stock dividends................................................... (118) (234) (233)
Cash paid for preferred stock dividends .................................................. (171) (171) (171)
Cash paid on financing derivatives.......................................................... — (53) (91)
Cash paid to repurchase noncontrolling interest of CHK C-T
.................. (143) — —
Cash paid to repurchase preferred shares of CHK Utica ........................ — (1,254) (212)
Cash held and retained by SSE at spin-off.............................................. — (8) —
Cash paid to extinguish other financing .................................................. — — (141)
Cash paid for prepayment of mortgage ................................................... — — (55)
Distributions to noncontrolling interest owners ........................................ (85) (173) (215)
Proceeds from sales of noncontrolling interests...................................... — — 6
Other ....................................................................................................... (41) (34) (105)
Net Cash Used In Financing Activities ................................................ (1,066) (1,817) (1,097)
Net increase (decrease) in cash and cash equivalents ................................. (3,283) 3,271 550
Cash and cash equivalents, beginning of period ........................................... 4,108 837 287
Cash and cash equivalents, end of period ..................................................... $ 825 $ 4,108 $ 837
Supplemental disclosures to the consolidated statements of cash flows are presented below:
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid, net of capitalized interest ................................................... $ 235 $ 96 $ 43
Income taxes paid, net of refunds received............................................. $ 44 $ 10 $ 26
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH
INVESTING AND FINANCING ACTIVITIES:
Repurchase of noncontrolling interest of CHK C-T ................................. $ (872) $ — $ —
Divestiture of proved and unproved CHK C-T properties ........................ $ 1,024 $ — $ —
Change in divested proved and unproved properties.............................. $ 35 $ 38 $ (104)
Change in accrued drilling and completion costs .................................... $ (148) $ (84) $ (63)
Change in accrued acquisitions of proved and unproved properties....... $ 55 $ (74) $ (1)