Page 119

CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31, 2017 ($ 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 Provision for legal contingencies, net Depreciation, depletion and amortization Impairments Other operating expense Total Operating Expenses INCOME FROM OPERATIONS OTHER INCOME (EXPENSE): Interest expense 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 EXPENSE 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

$

$

$

$

23 — 23

— — —

4,985 4,511 9,496

562

562

— — — 1 (79)

1,463 88 4,598 259 41

8 1 — 2 —

— — — — —

1,471 89 4,598 262 (38)

— — — (78) 78

991 5 413 8,420 1,053

4 — — 15 8

— — — — —

995 5 413 8,357 1,139

(424)

$

4,962 4,511 9,473

(2)

233 1 1,063 873 951 2 949

— 8 4 10 1,063 — 1,063

949 —

1,063 39

949

$

116

1,102

— — — — 8 — 8

— — (1,067) (1,067) (1,067) — (1,067)

(4)

4 — $

4

$

(426) 233 9 — (184) 955 2 953 (4)

(1,067) —

949 39

(1,067) $

988

Profile for Chesapeake Energy

2018 Annual Report  

2018 Annual Report