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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31, 2018 ($ in millions)

Parent

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

$

— — —

Guarantor Subsidiaries

NonGuarantor Subsidiaries

Eliminations

Consolidated

$

$

$

$

19 — 19

— — —

5,155 5,076 10,231

539

539

— — — 2

1,391 123 5,158 277

7 1 — 1

— — — —

1,398 124 5,158 280

— —

38 26

— —

— —

38 26

1,142

3

1,145

— — — 2 (2)

578 53 10 9,335 877

— — — 12 7

— — — — —

578 53 10 9,349 882

— —

— —

(485) —

(2) 139

263 3 1,084 865 863 (10) 873

$

5,136 5,076 10,212

— 67 3 207 1,084 — 1,084

873 —

1,084 34

873

$

115

1,118

— — — — 7 — 7

— — (1,087) (1,087) (1,087) — (1,087)

(4)

3 — $

3

$

(487) 139 263 70 — (15) 867 (10) 877 (4)

(1,087) —

873 34

(1,087) $

907

Profile for Chesapeake Energy

2018 Annual Report  

2018 Annual Report