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CONDENSED CONSOLIDATING BALANCE SHEET As of June 30, 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 .....................

(6,534)

NonGuarantor Subsidiaries

Company

47,379 4,795 666

$ 4,363 4,324 19,943 59 26

$126,188 100,161 3,022

46,306

28,715

229,371

865,485 128,519 33,486

31 (14) 1,904

14,989

1,921

14,231

( 436,276)

$

Consolidated

$ 124,017 104,485 63,557 (6,787) 4,854 692 (6,787)

297,605 865,516 128,505 50,379

(758)

591,214 INVESTMENTS IN SUBSIDIARIES AND INTERCOMPANY ADVANCES

Eliminations

817

(437,034) 607,366

680,439

(681,256 )

OTHER ASSETS .......................

4,961

673

38,463

44,097

TOTAL ASSETS .......................

$ 643,298

$31,309

$962,504

$(688,043) $ 949,068

LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Notes payable and current maturities of long-term debt ...................... Accounts payable and other ............. Total Current Liabilities ..........

$

1,380 122,241 123,621

17,527

$ 11,965

(6,787)

1,380 144,946

17,527

11,965

(6,787)

146,326

$

LONG-TERM DEBT .................... REVENUES AND ROYALTIES DUE OTHERS ............................

$

$

508,950

508,950

6,903

6,903

DEFERRED INCOME TAXES .......... INTERCOMPANY PAYABLES ..........

589,111

1,492

STOCKHOLDERS' EQUITY: Common Stock ......................... Other ..................................

11 (76,348)

12,289

693 440,896

(2) (90,651)

703 286,186

(76,337)

12,290

441,589

(90,653)

286,889

$31,309

$962,504

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY ..........

$ 643,298

51

(590,603)

$(688,043) $ 949,068

Profile for Chesapeake Energy

Transition Report 1997  

Transition Report 1997