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Chesapeake 2002 Annual Report 1

Selected Financial Data Financial Data ($ in thousands, except per share data)

Year Ended December 31,

2002

2001

2000

1999

$ 735,529 84,789 148,733 969,051 75,374 33,010 14,449 144,373 172,902 8,663 — — 448,771 520,280

$ 470,170 — 157,782 627,952 50,085 24,840 13,177 152,309 101,291 7,481 — — 349,183 278,769

$ 280,445 — 74,501 354,946 46,298 13,264 13,477 71,533 95,044 7,810 — — 247,426 107,520

$ 256,887 — 121,059 377,946 51,202 8,295 19,918 119,008 146,644 8,076 826,000 55,000 1,234,143 (856,197)

2,877 (98,321) — — (10,079) 27,000 (3,392) (81,915) 438,365 174,959 263,406

3,649 (86,256) — — — — — (82,607) 196,162 (259,408) 455,570

8,562 (81,052) — — — — — (72,490) 35,030 1,764 33,266

3,926 (68,249) — (13,334) — — — (77,657) (933,854) — (933,854)

(46,000) 217,406 (2,050) — $ 215,356

— 455,570 (8,484) 6,574 $ 453,660

— 33,266 (16,711) — $ 16,555

— (933,854) (12,077) — $ (945,931)

$ 1.61 (0.28) $ 1.33

$ 3.52 — $ 3.52

$ 0.17 — $ 0.17

$ (9.83) (0.14) $ (9.97)

$ 1.51 (0.26) $ 1.25 $ —

$ 3.01 — $ 3.01 $ —

$ 0.16 — $ 0.16 $ —

$ (9.83) (0.14) $ (9.97) $ 0.04

$ 432,531

$ 553,737

$ 314,640

$ 145,022

$ 94,639

$ 2,875,608 1,651,198 907,875

$ 2,286,768 1,329,453 767,407

$ 1,440,426 944,845 313,232

$ 850,533 964,097 (217,544)

$ 812,615 919,076 (248,568)

37,587 1,979,601 367,521 2,205,125 $ 3,717,645 $ 6,758,869 $ 30.18 $ 4.28 3,466 160,682 30,246 181,478 $ 25.22 $ 3.54 $ 3.61

30,093 1,599,386 296,658 1,779,946 $ 1,646,667 $ 2,966,032 $ 18.82 $ 2.51 2,880 144,171 26,909 161,451 $ 26.92 $ 4.56 $ 4.56

23,797 1,212,033 225,802 1,354,813 $ 6,046,028 $ 10,702,974 $ 26.41 $ 10.12 3,068 115,771 22,363 134,179 $ 26.39 $ 3.36 $ 3.50

24,795 1,056,826 200,933 1,205,595 $ 1,089,496 $ 1,891,175 $ 24.72 $ 2.25 4,147 108,610 22,249 133,492 $ 16.01 $ 1.97 $ 2.10

22,593 955,791 181,891 1,091,348 $ 660,991 $ 1,208,641 $ 10.48 $ 1.68 5,976 94,421 21,713 130,277 $ 12.70 $ 1.92 $ 1.97

Oil and gas sales $ 655,454 Risk management income (loss) (88,018) Oil and gas marketing sales 170,315 Total revenues 737,751 Production expenses 98,191 Production taxes 30,101 General and administrative 17,618 Oil and gas marketing expenses 165,736 Oil and gas depreciation, depletion and amortization 221,189 Depreciation and amortization of other assets 14,009 Impairment of oil and gas properties — Impairment of other assets — Total operating costs 546,844 Income (loss) from operations 190,907 Other income (expense): Interest and other income 7,340 Interest expense (111,280) Loss on investment in Seven Seas Petroleum securities (17,201) Loss on repurchases of Chesapeake debt (2,626) Impairments of investments in securities — Gain on sale of Canadian subsidiary — Gothic Energy standby credit facility costs — Total other income (expense) (123,767) Income (loss) before income taxes and extraordinary item 67,140 Provision (benefit) for income taxes 26,854 Income (loss) before extraordinary item 40,286 Extraordinary item: Loss on early extinguishment ofdebt, net of applicable income taxes — Net income (loss) 40,286 Preferred stock dividends (10,117) Gain on redemption of preferred stock — Net income (loss) available to common shareholders $ 30,169 Earnings (loss) per common share – basic: Income (loss) before extraordinary item $ 0.18 Extraordinary item — Net income (loss) $ 0.18 Earnings (loss) per common share – assuming dilution: Income (loss) before extraordinary item $ 0.17 Extraordinary item — Net income (loss) $ 0.17 Cash dividends declared per common share $ 0.06

1998

Other Financial Data ($ in thousands) Cash flow from operations Balance sheet data (at end of period): Total assets Long-term debt, net of current maturities Stockholders’ equity (deficit)

Operating Data ($ in thousands) Oil reserves (mbbls) Gas reserves (mmcf) Reserves in equivalent thousand barrels Reserves in equivalent million cubic feet Future net revenues discounted at 10% Future net revenues undiscounted Oil price used in reserve report (per bbl) Gas prices used in reserve report (per mcf) Oil production (mbbls) Gas production (mmcf) Production in equivalent thousand barrels Production in equivalent million cubic feet Average oil sales price (per bbl) Average gas sales price (per mcf) Average gas equivalent sales price (per mcfe)

Profile for Chesapeake Energy

Annual Report 2002  

Annual Report 2002