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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31, 2014 ($ in millions)

Parent

REVENUES: Oil, natural gas and NGL ......................... Marketing, gathering and compression ... Oilfield services ....................................... Total Revenues............................... OPERATING EXPENSES: Oil, natural gas and NGL production ....... Oil, natural gas and NGL gathering, processing and transportation .............. Production taxes...................................... Marketing, gathering and compression ... Oilfield services ....................................... General and administrative ..................... Restructuring and other termination costs ..................................................... Provision for legal contingencies ............. Oil, natural gas and NGL depreciation, depletion and amortization ................... Depreciation and amortization of other assets ................................................... Impairment of oil and natural gas properties ............................................. Impairments of fixed assets and other..... Net gains on sales of fixed assets ........... Total Operating Expenses............... INCOME (LOSS) FROM OPERATIONS ..... OTHER INCOME (EXPENSE): Interest expense ...................................... Losses on investments ............................ Impairments of investments .................... Net gain of sales of investments.............. Losses on purchases or exchanges of debt ...................................................... Other income (expense) .......................... Equity in net earnings (losses) of subsidiary ............................................. Total Other Income (Expense)........ INCOME (LOSS) BEFORE INCOME TAXES...................................................... INCOME TAX EXPENSE (BENEFIT).......... NET INCOME (LOSS) ................................. Net income attributable to noncontrolling interests ........................ NET INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE................................... Other comprehensive income ................. COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CHESAPEAKE ......

$

— — — —

Guarantor Subsidiaries

NonGuarantor Subsidiaries

Eliminations

$

$

$

9,899 12,220 41 22,160

458 5 983 1,446

Consolidated

(3) $ — (478) (481) —

10,354 12,225 546 23,125

1,166

42

— — — — —

2,134 227 12,232 53 273

40 5 4 769 49

— 100

4 134

3 —

2,523

162

(2)

2,683

153

143

(64)

232

(349) — — (806) 325

— — — (391) — — —

1,208 2,174 232 12,236 431 322 7 234

— — — 100 (100)

— 65 (192) 18,772 3,388

349 23 (7) 1,582 (136)

(657) — — —

(37) (77) — 67

(42) — (5) —

647 2 — —

(89) (75) (5) 67

(195) 502

(2) 198

— (2)

— (676)

(197) 22

(258) (109)

— (49)

(1,948) (1,975)

— (277)

(185) (66) (119)

(1,650) 107 (1,757)

2,206 1,856 1,756 (161) 1,917

3,279 1,264 2,015

1,917 1

2,015 18

$ 1,918

$ 148

2,033

$

(139)

— 88 (199) 19,648 3,477

3,200 1,144 2,056 (139)

(119) —

(1,896) —

1,917 19

(119) $

(1,896) $

1,936

Profile for Chesapeake Energy

2015 Annual Report  

2015 Annual Report