Chesapeake Energy Corporation (CHK) financial statements (2022 and earlier)

Company profile

Business Address 6100 N WESTERN AVE
OKLAHOMA CITY, OK 73118
State of Incorp. OK
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments905  45
Cash and cash equivalents905  45
Receivables1,115  1,2471,322
Derivative instruments and hedges, assets5  20927
Other current assets69  138171
Other undisclosed current assets9    
Total current assets:2,103  1,5981,525
Noncurrent Assets
Property, plant and equipment8,802  9,03010,680
Derivative instruments and hedges   76 
Other noncurrent assets104  243220
Total noncurrent assets:8,906  9,34910,900
TOTAL ASSETS:11,009  10,94712,425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities346  904791
Accounts payable308  763654
Interest and dividends payable38  141137
Derivative instruments and hedges, liabilities899  358
Other liabilities1,202  1,5401,455
Other undisclosed current liabilities   38152
Total current liabilities:2,447  2,8282,356
Noncurrent Liabilities
Long-term debt and lease obligation2,278  7,3419,921
Long-term debt, excluding current maturities2,278  7,3419,921
Liabilities, other than long-term debt613  311520
Asset retirement obligations349  155162
Other liabilities15  156354
Derivative instruments and hedges, liabilities249   4
Total noncurrent liabilities:2,891  7,65210,441
Total liabilities:5,338  10,48012,797
Stockholders' equity
Stockholders' equity attributable to parent5,671  344(496)
Preferred stock   1,6711,671
Common stock1  99
Treasury stock, value   (31)(31)
Additional paid in capital4,845  14,37814,437
Accumulated other comprehensive loss   (23)(57)
Retained earnings (accumulated deficit)825  (15,660)(16,525)
Stockholders' equity attributable to noncontrolling interest   123124
Total stockholders' equity:5,671  467(372)
TOTAL LIABILITIES AND EQUITY:11,009  10,94712,425

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,549  10,2319,496
Revenue, net4,574
Cost of revenue(4,502)  (8,374)(7,595)
Cost of goods and services sold    (5,160)
Gross profit:1,047  1,8571,901
Operating expenses(109)  (975)(762)
Other operating income (expense), net(84)  (10)38
Other undisclosed operating income (loss)84  10(38)
Operating income:938  8821,139
Nonoperating expense(42)  (15)(184)
Other nonoperating income31  709
Interest and debt expense(73)  263235
Income from continuing operations before equity method investments, income taxes:823  1,1301,190
Other undisclosed income (loss) from continuing operations before income taxes73  (263)(235)
Income from continuing operations before income taxes:896  867955
Income tax expense (benefit)49  10(2)
Net income:945  877953
Net loss attributable to noncontrolling interest   (4)(4)
Net income attributable to parent:945  873949
Preferred stock dividends and other adjustments   (92)(126)
Other undisclosed net loss available to common stockholders, basic   (6)(10)
Net income available to common stockholders, diluted:945  775813

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:945  877953
Other comprehensive income   3439
Comprehensive income:945  911992
Comprehensive loss, net of tax, attributable to noncontrolling interest   (4)(4)
Comprehensive income, net of tax, attributable to parent:945  907988

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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