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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS Years Ended December 31, 2015 2014 2013 ($ in millions) CASH FLOWS FROM OPERATING ACTIVITIES: NET INCOME (LOSS) ................................................................................... ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO CASH PROVIDED BY OPERATING ACTIVITIES: Depreciation, depletion and amortization ................................................ Deferred income tax expense (benefit) ................................................... Derivative gains, net ................................................................................ Cash receipts (payments) on derivative settlements, net ........................ Stock-based compensation ..................................................................... Impairment of oil and natural gas properties ........................................... Net (gains) losses on sales of fixed assets ............................................. Impairments of fixed assets and other .................................................... Losses on investments ............................................................................ Impairments of investments .................................................................... Net (gains) losses on sales of investments ............................................. (Gains) losses on purchases or exchanges of debt ................................ Restructuring and other termination costs ............................................... Provision for legal contingencies ............................................................. Other ....................................................................................................... (Increase) decrease in accounts receivable and other assets................. Decrease in accounts payable, accrued liabilities and other ................... Net Cash Provided By Operating Activities ......................................... CASH FLOWS FROM INVESTING ACTIVITIES: Drilling and completion costs ................................................................... Acquisitions of proved and unproved properties ..................................... Proceeds from divestitures of proved and unproved properties .............. Additions to other property and equipment ............................................. Proceeds from sales of other property and equipment............................ Additions to investments ......................................................................... Proceeds from sales of investments ....................................................... Decrease in restricted cash ..................................................................... Other ....................................................................................................... Net Cash Provided By (Used In) Investing Activities...........................

$ (14,635)

$

2,056

$

894

2,229 (4,427) (932) 1,123 78 18,238 4 175 96 53 — (304) (14) 340 244 1,186 (2,220) 1,234

2,915 1,097 (1,102) (253) 59 — (199) 58 75 5 (67) 63 (15) 234 220 (21) (491) 4,634

2,903 526 (71) (104) 98 — (302) 483 219 10 7 40 175 — 122 5 (391) 4,614

(3,095) (533) 189 (143) 89 (10) — 52 — (3,451)

(4,581) (1,311) 5,813 (726) 1,003 (17) 239 37 (3) 454

(5,604) (1,032) 3,467 (972) 922 (44) 115 177 4 (2,967)

The accompanying notes are an integral part of these consolidated financial statements. 79

Profile for Chesapeake Energy

2015 Annual Report  

2015 Annual Report