Chesapeake Energy Corporation (CHK) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6458828254,108837
Cash and cash equivalents6458828254,108837
Restricted cash and investments     38 
Receivables9901,2471,3221,0571,1292,9272,222
Derivative instruments and hedges, assets13420927 366879 
Other current assets121138171203160207299
Other undisclosed current assets     (691)298
Total current assets:1,2511,5981,5252,1422,4807,4683,656
Noncurrent Assets
Property, plant and equipment14,7569,03010,68010,60914,29832,51537,134
Oil and gas property, full cost method     30,14332,593
Long-term investments and receivables    136265477
Long-term investments    136265477
Intangible assets, net (including goodwill)     15
Goodwill     15 
Derivative instruments and hedges 76  24664
Regulated entity, other noncurrent assets     130145
Other noncurrent assets186243220277197497511
Assets held-for-sale, long lived730
Other undisclosed noncurrent assets     (30,288)(33,468)
Total noncurrent assets:14,9429,34910,90010,88614,87733,28338,126
TOTAL ASSETS:16,19310,94712,42513,02817,35740,75141,782
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5739047917851,0454,6862,077
Accounts payable4987636546729442,0491,596
Accrued liabilities     1,987 
Employee-related liabilities     344320
Taxes payable     55161
Interest and dividends payable75141137113101251 
Debt   503381714397
Derivative instruments and hedges, liabilities23585624015208
Asset retirement obligation     18 
Deferred tax liabilities    207 
Other liabilities1,4321,5401,4551,7982,2193,0613,511
Other undisclosed current liabilities38538152  (2,838)(678)
Total current liabilities:2,3922,8282,3563,6483,6855,8635,515
Noncurrent Liabilities
Long-term debt and lease obligation9,0737,3419,9219,93810,35411,15412,886
Long-term debt, excluding current maturities9,0737,3419,9219,93810,35411,15412,886
Liabilities, other than long-term debt3373115206459215,7785,241
Accounts payable and accrued liabilities     249 
Asset retirement obligations200155162247452447405
Deferred tax liabilities, net    4,1853,407
Deferred income tax liabilities10
Other liabilities125156354383409679984
Derivative instruments and hedges, liabilities2 41560218445
Other undisclosed noncurrent liabilities(10)    (249) 
Total noncurrent liabilities:9,4007,65210,44110,58311,27516,68318,127
Total liabilities:11,79210,48012,79714,23114,96022,54623,642
Stockholders' equity
Stockholders' equity attributable to parent4,364344(496)(1,460)2,13816,90315,995
Preferred stock1,6311,6711,6711,7713,0623,0623,062
Common stock19999777
Treasury stock, value(32)(31)(31)(27)(33)(37)(46)
Additional paid in capital16,95414,37814,43714,48612,40312,53112,446
Accumulated other comprehensive income (loss)12(23)(57)(96)(99)(143)(162)
Retained earnings (accumulated deficit)(14,220)(15,660)(16,525)(17,603)(13,202)1,483688
Stockholders' equity attributable to noncontrolling interest371231242572591,3022,145
Total stockholders' equity:4,401467(372)(1,203)2,39718,20518,140
TOTAL LIABILITIES AND EQUITY:16,19310,94712,42513,02817,35740,75141,782

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8,59510,2319,4967,87212,76420,95117,506
Revenue, net4,5743,86612,76420,9517,818
Cost of revenue(8,269)(8,374)(7,595)(10,950)(30,704)(17,000)(14,150)
Cost of goods and services sold  (5,160)(5,488)(8,176)(13,444)(10,620)
Gross profit:3261,8571,901(3,078)(17,940)3,9513,356
Operating expenses(357)(975)(762)(1,333)(979)(474)(1,287)
Other operating income (expense), net(92)(10)38    
Other undisclosed operating income (loss)9210(38)    
Operating income (loss):(31)8821,139(4,411)(18,919)3,4772,069
Nonoperating expense(608)(15)(184)(178)(179)(277)(627)
Investment income, nonoperating     81(226)
Other nonoperating income397091982226
Interest and debt expense79263235236304(349)(380)
Other undisclosed income from continuing operations before equity method investments, income taxes     349380
Income (loss) from continuing operations before equity method investments, income taxes:(560)1,1301,190(4,353)(18,794)3,2001,442
Income (loss) from equity method investments     (80)229
Other undisclosed loss from continuing operations before income taxes(79)(263)(235)(236)(304)  
Income (loss) from continuing operations before income taxes:(639)867955(4,589)(19,098)3,1201,671
Income tax expense (benefit)33110(2)1904,463(1,144)(548)
Income (loss) before gain (loss) on sale of properties:(308)877953(4,399)(14,635)1,9761,123
Other undisclosed net income (loss)     80(229)
Net income (loss):(308)877953(4,399)(14,635)2,056894
Net loss attributable to noncontrolling interest (4)(4)(2)(50)(139)(170)
Net income (loss) attributable to parent:(308)873949(4,401)(14,685)1,917724
Preferred stock dividends and other adjustments(108)(92)(126)(525)(171)(447)(69)
Other undisclosed net loss available to common stockholders, basic (6)(10)  (197)(181)
Net income (loss) available to common stockholders, basic:(416)775813(4,926)(14,856)1,273474
Other undisclosed net income available to common stockholders, diluted     171 
Net income (loss) available to common stockholders, diluted:(416)775813(4,926)(14,856)1,444474

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(308)877953(4,399)(14,635)2,056894
Other comprehensive income3534393441920
Comprehensive income (loss):(273)911992(4,396)(14,591)2,075914
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (4)(4)(2)(50)(139)170
Other undisclosed comprehensive loss, net of tax, attributable to parent      (340)
Comprehensive income (loss), net of tax, attributable to parent:(273)907988(4,398)(14,641)1,936744

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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