Chesapeake Energy 2015 Annual Report Download - page 85

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
The accompanying notes are an integral part of these consolidated financial statements.
81
Years Ended December 31,
2015 2014 2013
($ in millions)
PREFERRED STOCK:
Balance, beginning and end of period ..................................................... $ 3,062 $ 3,062 $ 3,062
COMMON STOCK:
Balance, beginning and end of period ..................................................... 777
PAID-IN CAPITAL:
Balance, beginning of period ................................................................... 12,531 12,446 12,293
Stock-based compensation ..................................................................... 71 47 162
Exercise of stock options ........................................................................ — 23 4
Dividends on common stock ................................................................... (59) — —
Dividends on preferred stock................................................................... (128) — —
Increase (decrease) in tax benefit from stock-based compensation ....... (12) 15 (13)
Balance, end of period ............................................................................ 12,403 12,531 12,446
RETAINED EARNINGS (ACCUMULATED DEFICIT):
Balance, beginning of period ................................................................... 1,483 688 437
Net income (loss) attributable to Chesapeake......................................... (14,685) 1,917 724
Dividends on common stock ................................................................... — (234) (233)
Dividends on preferred stock................................................................... — (171) (171)
Spin-off of oilfield services business ....................................................... — (270) —
Repurchase of preferred shares of CHK Utica ........................................ — (447) (69)
Balance, end of period ............................................................................ (13,202) 1,483 688
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):
Balance, beginning of period ................................................................... (143) (162) (182)
Hedging activity ....................................................................................... 44 24 22
Investment activity ................................................................................... — (5) (2)
Balance, end of period ............................................................................ (99) (143) (162)
TREASURY STOCK – COMMON:
Balance, beginning of period ................................................................... (37) (46) (48)
Purchase of 54,493, 34,678 and 251,403 shares for company benefit
plans .................................................................................................... (1) (1) (6)
Release of 231,081, 422,395 and 397,098 shares from company
benefit plans ......................................................................................... 5 10 8
Balance, end of period ............................................................................ (33) (37) (46)
TOTAL CHESAPEAKE STOCKHOLDERS’ EQUITY................................... 2,138 16,903 15,995
NONCONTROLLING INTERESTS:
Balance, beginning of period ................................................................... 1,302 2,145 2,327
Net income attributable to noncontrolling interests.................................. 50 139 170
Distributions to noncontrolling interest owners ........................................ (78) (169) (215)
Repurchase of noncontrolling interest of CHK C-T ................................. (1,015) — —
Repurchase of preferred shares of CHK Utica ........................................ — (807) (143)
Sales of noncontrolling interests ............................................................. — — 6
Deconsolidation of investments, net........................................................ — (6) —
Balance, end of period ............................................................................ 259 1,302 2,145
TOTAL EQUITY............................................................................................. $ 2,397 $ 18,205 $ 18,140