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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Exploration and Production

Marketing, Gathering and Compression

Former Oilfield Services

Other

Intercompany Eliminations

Consolidated Total

$

$

($ in millions) Year Ended December 31, 2013 Revenues .........................

$

Intersegment revenues .....

8,626

$

Total revenues ...........

$

Unrealized gains on commodity derivatives...

$

Oil, natural gas, NGL and other depreciation, depletion and amortization ..................

$

Impairments of fixed assets and other ...........

$

Net gain (loss) on sales of fixed assets ..................

$

Interest expense ...............

$

Losses on investments .....

$

Impairments of investments ...................

8,626

17,129

$

(7,570)

2,188

$

(1,309)

29 (13)

(8,892) 8,892

$

9,559

$

879

$

16

$

$

$

$

$

$

$

2,674

$

46

$

289

$

49

$

27

$

50

$

75

$

394

$

2

$

(329)

$

(1)

$

26

$

(24)

$

(82)

$

(74)

3

$

$

$

$

$

$

(1)

Net gain (loss) on sales of investments ...............

$

$

$

Losses on purchases or exchanges of debt .........

$

$

Income (Loss) Before Income Taxes ..............

$

2,997

$

Total Assets ....................

$

35,341

Capital Expenditures ......

$

6,198

(228)

(918)

(193)

19,080

(228)

$

2,903

$

546

$

$

(302)

$

871

$

(227)

(219)

$

$

(216)

$

(10)

$

1

$

(10)

$

(7)

$

$

(7)

$

$

$

$

(193)

511

$

(51)

$

$

2,430

$

2,018

$

$

299

$

272

$

(727)

(155)

19,080

$

(1,288)

$

1,442

5,750

$

(3,757)

$

41,782

421

$

$

7,190

22. Condensed Consolidating Financial Information Chesapeake Energy Corporation is a holding company, owns no operating assets and has no significant operations independent of its subsidiaries. Our obligations under our outstanding senior notes and contingent convertible senior notes listed in Note 3 are fully and unconditionally guaranteed, jointly and severally, by certain of our 100% owned subsidiaries on a senior unsecured basis. Subsidiaries with noncontrolling interests, consolidated variable interest entities and certain de minimis subsidiaries are non-guarantors. Our former oilfield services subsidiaries were separately capitalized and were not guarantors of our debt obligations. The tables below are condensed consolidating financial statements for Chesapeake Energy Corporation (parent) on a stand-alone, unconsolidated basis, and its combined guarantor and combined non-guarantor subsidiaries as of December 31, 2015 and 2014 and for the years ended December 31, 2015, 2014 and 2013. This financial information may not necessarily be indicative of our results of operations, cash flows or financial position had these subsidiaries operated as independent entities.

144

Profile for Chesapeake Energy

2015 Annual Report  

2015 Annual Report