XML 44 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Major Customers and Concentration of Credit Risk
6 Months Ended
Jun. 30, 2014
Major Customers and Concentration of Credit Risk

6. Major Customers and Concentration of Credit Risk

Chesapeake Energy Marketing, Inc. (“CEMI”), a wholly owned subsidiary of Chesapeake, accounted for $240.6 million and $210.6 million of the Partnership’s revenues for the three-month periods ended June 30, 2014 and 2013, respectively, and $470.1 million and $413.1 million for the six-month periods ended June 30, 2014 and 2013, respectively.

Financial instruments that potentially subject the Partnership to concentrations of credit risk consist principally of cash and cash equivalents and trade receivables. On June 30, 2014 and December 31, 2013, cash and cash equivalents were invested in a non-interest bearing account and money market funds with investment grade ratings. On June 30, 2014 and December 31, 2013, Chesapeake accounted for $144.1 million and $176.5 million of the Partnership’s accounts receivable balance.