XML 26 R54.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table presents selected financial information for Chesapeake’s operating segments:
 
 
Exploration
and
Production
 
Marketing,
Gathering
and
Compression 
 
Oilfield
Services  
 
Other  
 
Intercompany
Eliminations
 
Consolidated 
Total
 
 
($ in millions)
Year Ended December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
7,052

 
$
17,129

 
$
2,188

 
$
29

 
$
(8,892
)
 
$
17,506

Intersegment revenues
 

 
(7,570
)
 
(1,309
)
 
(13
)
 
8,892

 

Total revenues
 
$
7,052

 
$
9,559

 
$
879

 
$
16

 
$

 
$
17,506

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains on commodity derivatives
 
(228
)
 

 

 

 

 
(228
)
Natural gas, oil, NGL and other depreciation, depletion and amortization
 
2,674

 
46

 
289

 
49

 
(155
)
 
2,903

(Gains) losses on sales of fixed assets
 
2

 
(329
)
 
(1
)
 
26

 

 
(302
)
Impairments of fixed assets and other
 
27

 
50

 
75

 
394

 

 
546

Interest expense
 
(918
)
 
(24
)
 
(82
)
 
(74
)
 
871

 
(227
)
Earnings (losses) on investments
 
3

 

 
(1
)
 
(229
)
 
1

 
(226
)
Losses on sales of investments
 

 

 

 
(7
)
 

 
(7
)
Losses on purchases of debt and extinguishment of other financing
 
(193
)
 

 

 

 

 
(193
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
2,997

 
$
511

 
$
(51
)
 
$
(727
)
 
$
(1,288
)
 
1,442

Total Assets
 
$
35,341

 
$
2,430

 
$
2,018

 
$
5,750

 
$
(3,757
)
 
$
41,782

Capital Expenditures
 
$
6,198

 
$
299

 
$
272

 
$
421

 
$

 
$
7,190

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exploration
and
Production
 
Marketing,
Gathering
and
Compression 
 
Oilfield
Services  
 
Other  
 
Intercompany
Eliminations
 
Consolidated 
Total
 
 
($ in millions)
Year Ended December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
6,278

 
$
10,895

 
$
1,917

 
$
21

 
$
(6,795
)
 
$
12,316

Intersegment revenues
 

 
(5,464
)
 
(1,315
)
 
(16
)
 
6,795

 

Total revenues
 
$
6,278

 
$
5,431

 
$
602

 
$
5

 
$

 
$
12,316

 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains on commodity derivatives
 
(561
)
 

 

 

 

 
(561
)
Natural gas, oil, NGL and other depreciation, depletion and amortization
 
2,624

 
54

 
232

 
46

 
(145
)
 
2,811

Impairment of natural gas and oil properties
 
3,315

 

 

 

 

 
3,315

Impairments of fixed assets and other
 
28

 
6

 
60

 
246

 

 
340

(Gains) losses on sales of fixed assets
 
14

 
(298
)
 
10

 
7

 

 
(267
)
Interest expense
 
(47
)
 
(20
)
 
(76
)
 
(364
)
 
430

 
(77
)
Earnings (losses) on investments
 

 
49

 

 
(152
)
 

 
(103
)
Gains (losses) on sales of investments
 
(2
)
 
1,094

 

 

 

 
1,092

Losses on purchases of debt and extinguishment of other financing
 
(200
)
 

 

 

 

 
(200
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
(1,798
)
 
$
1,665

 
$
112

 
$
(478
)
 
$
(475
)
 
$
(974
)
Total Assets
 
$
37,004

 
$
2,291

 
$
2,115

 
$
2,529

 
$
(2,328
)
 
$
41,611

Capital Expenditures
 
$
12,044

 
$
852

 
$
658

 
$
554

 
$

 
$
14,108

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exploration
and
Production
 
Marketing,
Gathering
and
Compression 
 
Oilfield
Services  
 
Other  
 
Intercompany
Eliminations
 
Consolidated 
Total
 
 
($ in millions)
Year Ended December 31, 2011:
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
6,024

 
$
10,336

 
$
1,258

 
$

 
$
(5,983
)
 
$
11,635

Intersegment revenues
 

 
(5,246
)
 
(737
)
 

 
5,983

 

Total revenues
 
$
6,024

 
$
5,090

 
$
521

 
$

 
$

 
$
11,635

 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized losses on commodity derivatives
 
789

 

 

 

 

 
789

Natural gas, oil, NGL and other depreciation, depletion and amortization
 
1,759

 
55

 
172

 
37

 
(100
)
 
1,923

Impairments of fixed assets and other
 

 
43

 
3

 

 

 
46

(Gains) losses on sales of fixed assets
 
3

 
(441
)
 
1

 

 

 
(437
)
Interest expense
 
(42
)
 
(15
)
 
(48
)
 
(195
)
 
256

 
(44
)
Earnings on investments
 

 
95

 

 
61

 

 
156

Losses on purchases of debt and extinguishment of other financing
 
(176
)
 

 

 

 

 
(176
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
2,561

 
$
745

 
$
72

 
$
(168
)
 
$
(330
)
 
$
2,880

Total Assets
 
$
35,403

 
$
4,047

 
$
1,571

 
$
2,718

 
$
(1,904
)
 
$
41,835

Capital Expenditures
 
$
12,201

 
$
1,219

 
$
657

 
$
484

 
$

 
$
14,561