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CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 1997 ($ In Thousands) ASSETS Guarantor Subsidiaries

CURRENT ASSETS: Cash and cash equivalents ........... Short-term investments .............. Accounts receivable ................ Inventory ......................... Other ............................. Total Current Assets .......... PROPERTY AND EQUIPMENT: Oil and gas properties ............... Unevaluated leasehold .............. Other property and equipment ........ Less: accumulated depreciation, depletion and amortization ......... INVESTMENTS IN SUBSIDIARIES AND INTERCOMPANY ADVANCES ...................... OTHER ASSETS .................... TOTAL ASSETS ....................

$

NonGuarantor Subsidiaries

(589) $ 13,999 57,476 4,918 1,613 63,418

22,882 575 1 37,457

1,056,118 125,155 51,868

39,245

$ 110,450 12,570 1,524

343

(593,359) 639,782

81,755 10,189 $ 795,144

Company

(14,650) 24,938

49,958 6,918 $119,271

Eliminations

$

Consolidated

10 124,554

$ 123,860 12,570 (7,708) 74,174 5,493 1,624 (7,708) 217,721

15,422

1,095,363 125,155 67,633 (608,964) 679,187

(955) 14,467

903,713 38,769 $1,081,503

(1,035,426) 55,876 $ (1,043,134) $ 952,784

LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Notes payable and current maturities of long-term debt ................... Accounts payable and other .......... Total Current Liabilities ....... LONG-TERM DEBT ................ REVENUES AND ROYALTIES DUE OTHERS ......................... DEFERRED .INCOME TAXES ....... INTERCOMPANY PA YABLES ...... STOCKHOLDERS' EQUITY: Common Stock ...................... Other ............................... TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY .......

$

$ 104,259 104,259

$

$ 29,649 29,649

27,280 27,280 508,992

$ (7,708) (7,708)

10,106

10,106

853,958

2,959

10 (173,189) (173,179)

3 86,660 86,663

733 544,498 545,231

$119,271

$1,081,503

$ 795,144

50

153,480 153,480 508,992

(856,917) (3) (178,506 ) (178,509)

743 279,463 280,206

$(1,043,134) $ 952,784

Profile for Chesapeake Energy

Transition Report 1997  

Transition Report 1997