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)
| 9/30/2019 TTM | 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 investments | 14 | 4 | 5 | 882 | 825 | 4,108 | 837 | ||
| Cash and cash equivalents | 14 | 4 | 5 | 882 | 825 | 4,108 | 837 | ||
| Restricted cash and investments | 38 | ||||||||
| Receivables | 977 | 1,247 | 1,322 | 1,057 | 1,129 | 2,927 | 2,222 | ||
| Derivative instruments and hedges, assets | 272 | 209 | 27 | 366 | 879 | ||||
| Other current assets | 140 | 138 | 171 | 203 | 160 | 207 | 299 | ||
| Other undisclosed current assets | (691) | 298 | |||||||
| Total current assets: | 1,403 | 1,598 | 1,525 | 2,142 | 2,480 | 7,468 | 3,656 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 14,876 | 9,030 | 10,680 | 10,609 | 14,298 | 32,515 | 37,134 | ||
| Oil and gas property, full cost method | 30,143 | 32,593 | |||||||
| Long-term investments and receivables | 136 | 265 | 477 | ||||||
| Long-term investments | 136 | 265 | 477 | ||||||
| Intangible assets, net (including goodwill) | 15 | ✕ | |||||||
| Goodwill | 15 | ||||||||
| Derivative instruments and hedges | 51 | 76 | 246 | 6 | 4 | ||||
| Regulated entity, other noncurrent assets | 130 | 145 | |||||||
| Other noncurrent assets | 249 | 243 | 220 | 277 | 197 | 497 | 511 | ||
| Assets held-for-sale, long lived | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 730 | ||
| Other undisclosed noncurrent assets | (30,288) | (33,468) | |||||||
| Total noncurrent assets: | 15,176 | 9,349 | 10,900 | 10,886 | 14,877 | 33,283 | 38,126 | ||
| TOTAL ASSETS: | 16,579 | 10,947 | 12,425 | 13,028 | 17,357 | 40,751 | 41,782 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 650 | 904 | 791 | 785 | 1,045 | 4,686 | 2,077 | ||
| Accounts payable | 526 | 763 | 654 | 672 | 944 | 2,049 | 1,596 | ||
| Accrued liabilities | 1,987 | ||||||||
| Employee-related liabilities | 344 | 320 | |||||||
| Taxes payable | 55 | 161 | |||||||
| Interest and dividends payable | 124 | 141 | 137 | 113 | 101 | 251 | |||
| Debt | 208 | 503 | 381 | 714 | 397 | ||||
| Derivative instruments and hedges, liabilities | 3 | 58 | 562 | 40 | 15 | 208 | |||
| Asset retirement obligation | 18 | ||||||||
| Deferred tax liabilities | ✕ | 207 | |||||||
| Other liabilities | 1,490 | 1,540 | 1,455 | 1,798 | 2,219 | 3,061 | 3,511 | ||
| Other undisclosed current liabilities | 381 | 52 | (2,838) | (678) | |||||
| Total current liabilities: | 2,348 | 2,828 | 2,356 | 3,648 | 3,685 | 5,863 | 5,515 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 9,133 | 7,341 | 9,921 | 9,938 | 10,354 | 11,154 | 12,886 | ||
| Long-term debt, excluding current maturities | 9,133 | 7,341 | 9,921 | 9,938 | 10,354 | 11,154 | 12,886 | ||
| Liabilities, other than long-term debt | 363 | 311 | 520 | 645 | 921 | 5,778 | 5,241 | ||
| Accounts payable and accrued liabilities | 249 | ||||||||
| Asset retirement obligations | 177 | 155 | 162 | 247 | 452 | 447 | 405 | ||
| Deferred tax liabilities, net | ✕ | 4,185 | 3,407 | ||||||
| Other liabilities | 186 | 156 | 354 | 383 | 409 | 679 | 984 | ||
| Derivative instruments and hedges, liabilities | 4 | 15 | 60 | 218 | 445 | ||||
| Other undisclosed noncurrent liabilities | (249) | ||||||||
| Total noncurrent liabilities: | 9,496 | 7,652 | 10,441 | 10,583 | 11,275 | 16,683 | 18,127 | ||
| Total liabilities: | 11,844 | 10,480 | 12,797 | 14,231 | 14,960 | 22,546 | 23,642 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 4,696 | 344 | (496) | (1,460) | 2,138 | 16,903 | 15,995 | ||
| Preferred stock | 1,631 | 1,671 | 1,671 | 1,771 | 3,062 | 3,062 | 3,062 | ||
| Common stock | 19 | 9 | 9 | 9 | 7 | 7 | 7 | ||
| Treasury stock, value | (36) | (31) | (31) | (27) | (33) | (37) | (46) | ||
| Additional paid in capital | 16,975 | 14,378 | 14,437 | 14,486 | 12,403 | 12,531 | 12,446 | ||
| Accumulated other comprehensive income (loss) | 3 | (23) | (57) | (96) | (99) | (143) | (162) | ||
| Retained earnings (accumulated deficit) | (13,896) | (15,660) | (16,525) | (17,603) | (13,202) | 1,483 | 688 | ||
| Stockholders' equity attributable to noncontrolling interest | 39 | 123 | 124 | 257 | 259 | 1,302 | 2,145 | ||
| Total stockholders' equity: | 4,735 | 467 | (372) | (1,203) | 2,397 | 18,205 | 18,140 | ||
| TOTAL LIABILITIES AND EQUITY: | 16,579 | 10,947 | 12,425 | 13,028 | 17,357 | 40,751 | 41,782 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,738 | 10,231 | 9,496 | 7,872 | 12,764 | 20,951 | 17,506 | |
| Revenue, net | ✕ | ✕ | 4,574 | 3,866 | 12,764 | 20,951 | 7,818 | |
| Cost of revenue | (8,451) | (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: | 1,287 | 1,857 | 1,901 | (3,078) | (17,940) | 3,951 | 3,356 | |
| Operating expenses | (851) | (975) | (762) | (1,333) | (979) | (474) | (1,287) | |
| Other operating income (expense), net | (90) | (10) | 38 | |||||
| Other undisclosed operating income (loss) | 90 | 10 | (38) | |||||
| Operating income (loss): | 436 | 882 | 1,139 | (4,411) | (18,919) | 3,477 | 2,069 | |
| Nonoperating expense | (223) | (15) | (184) | (178) | (179) | (277) | (627) | |
| Investment income, nonoperating | 81 | (226) | ||||||
| Other nonoperating income | 37 | 70 | 9 | 19 | 8 | 22 | 26 | |
| Interest and debt expense | 65 | 263 | 235 | 236 | 304 | (349) | (380) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 349 | 380 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 278 | 1,130 | 1,190 | (4,353) | (18,794) | 3,200 | 1,442 | |
| Income (loss) from equity method investments | (80) | 229 | ||||||
| Other undisclosed loss from continuing operations before income taxes | (65) | (263) | (235) | (236) | (304) | |||
| Income (loss) from continuing operations before income taxes: | 213 | 867 | 955 | (4,589) | (19,098) | 3,120 | 1,671 | |
| Income tax expense (benefit) | 317 | 10 | (2) | 190 | 4,463 | (1,144) | (548) | |
| Income (loss) before gain (loss) on sale of properties: | 530 | 877 | 953 | (4,399) | (14,635) | 1,976 | 1,123 | |
| Other undisclosed net income (loss) | 80 | (229) | ||||||
| Net income (loss): | 530 | 877 | 953 | (4,399) | (14,635) | 2,056 | 894 | |
| Net loss attributable to noncontrolling interest | (1) | (4) | (4) | (2) | (50) | (139) | (170) | |
| Net income (loss) attributable to parent: | 529 | 873 | 949 | (4,401) | (14,685) | 1,917 | 724 | |
| Preferred stock dividends and other adjustments | (109) | (92) | (126) | (525) | (171) | (447) | (69) | |
| Other undisclosed net loss available to common stockholders, basic | (3) | (6) | (10) | (197) | (181) | |||
| Net income (loss) available to common stockholders, basic: | 417 | 775 | 813 | (4,926) | (14,856) | 1,273 | 474 | |
| Other undisclosed net income available to common stockholders, diluted | 171 | |||||||
| Net income (loss) available to common stockholders, diluted: | 417 | 775 | 813 | (4,926) | (14,856) | 1,444 | 474 | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 530 | 877 | 953 | (4,399) | (14,635) | 2,056 | 894 | |
| Other comprehensive income | 35 | 34 | 39 | 3 | 44 | 19 | 20 | |
| Comprehensive income (loss): | 565 | 911 | 992 | (4,396) | (14,591) | 2,075 | 914 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1) | (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: | 564 | 907 | 988 | (4,398) | (14,641) | 1,936 | 744 | |
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.