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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME (LOSS) $ (4,399) $ (14,635) $ 2,056
ADJUSTMENTS TO RECONCILE NET LOSS TO CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:      
Depreciation, depletion and amortization 1,107 2,229 2,915
Deferred income tax expense (benefit) (171) (4,427) 1,097
Derivative (gains) losses, net 739 (932) (1,102)
Cash receipts (payments) on derivative settlements, net 448 1,123 (253)
Stock-based compensation 52 78 59
Impairment of oil and natural gas properties 2,564 18,238 0
Net (gains) losses on sales of fixed assets (12) 4 (199)
Renegotiation of natural gas gathering contracts (115) 0 0
Impairments of fixed assets and other 467 175 58
Losses on investments 8 96 75
Net (gain) loss on sales of investment 10 0 (67)
Impairments of investments 119 53 5
(Gains) losses on purchases or exchanges of debt (236) (304) 63
Restructuring and other termination costs 3 (14) (15)
Provision for legal contingencies 87 340 234
Other (143) 244 220
(Increase) decrease in accounts receivable and other assets 21 1,186 (21)
Decrease in accounts payable, accrued liabilities and other (753) (2,220) (491)
Net Cash Provided By (Used In) Operating Activities (204) 1,234 4,634
CASH FLOWS FROM INVESTING ACTIVITIES:      
Drilling and completion costs (1,295) (3,095) (4,581)
Acquisitions of proved and unproved properties (788) (533) (1,311)
Proceeds from divestitures of proved and unproved properties 1,406 189 5,813
Additions to other property and equipment (37) (143) (726)
Proceeds from sales of other property and equipment 131 89 1,003
Cash paid for title defects (69) 0 0
Additions to investments 0 (1) 0
Proceeds from sales of investments 0 0 239
Decrease in restricted cash 0 52 37
Other (8) (9) (20)
Net Cash Provided By (Used In) Investing Activities (660) (3,451) 454
CASH FLOWS FROM FINANCING ACTIVITIES:      
Cash paid to purchase debt (2,734) (508) (3,362)
Proceeds from revolving credit facilities borrowings 5,146 0 7,406
Payments on revolving credit facilities borrowings (5,146) 0 (7,788)
Cash held and retained by SSE at spin-off 0 0 (8)
Cash paid for common stock dividends 0 (118) (234)
Cash paid for preferred stock dividends 0 (171) (171)
Cash paid on financing derivatives 0 0 (53)
Cash paid to repurchase noncontrolling interest of CHK C-T 0 (143) 0
Cash paid to repurchase preferred shares of CHK Utica 0 0 (1,254)
Distributions to noncontrolling interest owners (10) (85) (173)
Other (21) (41) (34)
Net Cash Provided By (Used In) Financing Activities 921 (1,066) (1,817)
Net increase (decrease) in cash and cash equivalents 57 (3,283) 3,271
Cash and cash equivalents, beginning of period 825 4,108 837
Cash and cash equivalents, end of period 882 825 4,108
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid, net of capitalized interest 344 235 96
Income taxes paid, net of refunds received (27) 44 10
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Change in accrued drilling and completion costs (23) (148) (84)
Change in accrued acquisitions of proved and unproved properties (13) 55 (74)
Change in divested proved and unproved properties 52 35 38
Divestiture of proved and unproved CHK C-T properties 0 1,024 0
Debt exchanged for common stock 471 0 0
Repurchase of noncontrolling interest in CHK C-T 0 (872) 0
Chesapeake Energy [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of senior notes, net of discount and offering costs 2,210 0 2,966
Proceeds from issuance of term loan, net of offering costs 1,476 0 0
Proceeds from issuance of oilfield services term loan, net of issuance costs 1,476 0 0
Proceeds from issuance of oilfield services senior notes, net of issuance costs 2,210 0 2,966
Chesapeake Oilfield Operating [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of senior notes, net of discount and offering costs 0 0 494
Proceeds from issuance of term loan, net of offering costs 0 0 394
Proceeds from issuance of oilfield services term loan, net of issuance costs 0 0 394
Proceeds from issuance of oilfield services senior notes, net of issuance costs $ 0 $ 0 $ 494