CHESAPEAKE ENERGY CORPORATION CHK Income Statement

Chesapeake energy corporation (CHK)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
REVENUES AND OTHER:
Oilfield services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	281	265	244	249	212	190	161	152	159	135	145	153	122	101	67	59	58	56	51	49	44	46	45	40
Revenues
2,541	1,926	2,087	2,386	2,196	2,793	2,424	2,289	2,524	3,062	1,943	2,281	2,753	2,021	2,276	1,622	1,953	2,649	3,376	3,521	3,218	7,224	5,703	5,152	5,046	6,114	4,867	4,675	3,424	3,538	2,970	3,389	2,419	2,728	3,977	3,318	1,612	1,975	2,581	2,012	2,798	2,223	1,811	1,673	1,995	7,491	-455
Gains on sales of assets
0	10	13	1	19	-291	-10	18	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OPERATING EXPENSES:
Severance and ad valorem taxes
54	98	35	40	51	98	34	26	31	70	21	21	22	20	17	19	18	12	25	34	28	48	62	72	50	55	62	59	53	47	53	41	47	51	50	46	45	38	34	37	48	35	25	24	23	87	88
Oilfield services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	212	220	193	211	177	155	144	116	109	96	115	118	92	77	54	52	53	49	47	49	46	40	37	32
General and administrative
65	57	66	89	103	62	81	105	87	144	54	70	65	68	63	61	48	61	49	69	56	93	60	90	79	121	120	106	110	99	145	155	136	137	151	130	130	113	125	106	109	90	95	74	90	108	101
Restructuring and other termination costs
5	12	0	0	0	0	0	0	38	0	0	0	0	-	0	3	-	-3	53	-4	-10	-5	-14	33	-7	45	63	7	133	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for legal contingencies, net
1	16	0	3	0	9	8	4	5	-	20	17	-	-	-	-	-	-	0	334	25	134	100	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, depletion and amortization
603	592	573	580	519	402	405	471	459	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments of fixed assets and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee retirement and other termination benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil, natural gas and NGL depreciation, depletion and amortization
-	-	-	-	-	-	-	-	-	-	228	202	197	-	251	277	263	326	488	601	684	706	688	661	628	644	652	645	648	651	762	588	506	485	423	366	358	368	378	340	308	334	295	295	447	480	523
Depreciation and amortization of other assets
-	-	-	-	-	-	-	-	-	-	20	21	21	-	25	29	29	30	31	34	35	38	37	79	78	81	79	76	78	71	66	83	84	85	75	63	68	61	56	53	50	67	62	58	57	48	40
Impairment of oil and natural gas properties
8,522	-	-	-	1	-	-	-	-	-	-	-	-	-	497	1,070	997	2,831	5,416	5,015	4,976	0	0	0	0	-	-	-	-	-	3,315	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Impairments
-	-	9	1	-	9	58	54	10	420	3	0	391	2,230	751	6	38	27	79	84	4	13	15	40	20	203	85	231	27	-	38	243	-	-	-	-	-	-	20	-	-	-	-	5	9,630	0	0
Other operating expense
-83	-13	-15	-3	-61	-1	0	1	0	-386	-6	-26	2	-253	-8	-71	-33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gains) losses on sales of fixed assets
-	-	-	-	-	-	-	-	-	-	1	-1	0	-	0	1	4	-1	1	-1	-3	-3	86	93	23	12	132	109	49	272	-7	0	2	443	-3	-8	5	-	-17	-	-	-	-	-	-	0	-
(Gains) losses on sales of other property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124	-	-	-	-
Restructuring costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34	-	0	0
Total Operating Expenses
10,768	2,099	2,041	2,108	2,378	2,375	2,342	2,449	2,482	3,934	1,849	1,882	2,512	2,316	3,510	3,405	3,052	5,568	8,829	9,028	8,258	6,264	4,529	4,542	4,313	5,865	4,431	3,508	3,207	2,782	6,164	2,651	2,413	1,991	2,494	2,333	1,896	1,646	1,764	1,565	1,586	2,936	1,414	1,249	11,048	2,013	2,078
LOSS FROM OPERATIONS
-8,227	-173	46	278	-182	418	82	-160	42	-872	94	399	241	-295	-1,234	-1,783	-1,099	-2,919	-5,453	-5,507	-5,040	960	1,174	610	733	249	436	1,167	217	756	-3,194	738	6	737	1,483	985	-284	329	817	447	1,212	-713	397	424	-9,053	5,478	-2,533
OTHER INCOME (EXPENSE):
Interest Income (Expense), Nonoperating, Net
145	138	177	175	161	151	165	155	162	713	-114	-93	95	99	73	62	62	107	88	71	51	6	17	27	39	62	40	104	21	15	36	14	12	8	4	25	7	7	3	-16	25	78	43	-22	14	34	54
Losses on investments
-23	-43	-4	-23	-1	0	0	0	139	0	0	0	0	-	-1	-2	-	-39	-33	-17	-7	-3	-27	-24	-21	-180	-22	23	-37	-16	-23	-59	-5	56	28	47	25	-	151	-	-	-	-	-	-	-	-
Loss on sale of investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-10	0	0	0	0	0	0	0	67	0	3	-10	0	-	31	1,030	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Impairments of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	16	-	-	0	-1	10	153	0	0
Earnings from equity investees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	13	-	-	-	-	-	-
Gains on purchases or exchanges of debt
63	-	70	-	0	-	-68	-	-	50	-1	191	-7	-19	87	68	100	279	0	0	0	-	0	-195	-	-	0	-70	-	-	0	0	-	0	0	-174	-2	1	-59	-69	-2	-	-17	-2	-	-31	0
Other income
6	9	3	18	9	5	6	57	-1	0	4	-1	3	6	7	3	3	5	-2	-1	6	10	-1	7	6	7	10	3	6	6	-9	5	6	15	4	2	2	4	17	-7	2	35	-30	-2	8	-12	-1
Total Other Expense
-99	-167	-108	-180	-153	185	-227	-98	-24	-249	-111	97	-99	-236	20	7	31	85	-123	-89	-52	-6	-45	-239	13	-368	-49	-158	-52	-194	-37	962	-11	63	28	-150	18	34	90	-33	-12	-86	-90	-36	-131	-77	-55
LOSS BEFORE INCOME TAXES
-8,326	-340	-62	98	-335	603	-145	-258	18	-1,121	-17	496	142	-531	-1,214	-1,776	-1,068	-2,834	-5,576	-5,596	-5,092	954	1,129	371	746	-119	387	1,009	165	562	-3,231	1,700	-5	800	1,511	835	-266	363	907	414	1,200	-799	307	388	-9,184	5,401	-2,588
Current income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	0	-6	0	37	2	5	3	12	7	2	1	23	22	2	0	2	-1	6	6	-	-1	5	-	3	0	1	0	193	3
Deferred Income Tax Expense (Benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-618	-937	-1,500	-1,372	249	435	136	277	-58	140	382	62	196	-1,282	661	-2	311	590	319	-110	144	350	154	462	-302	115	144	-3,444	1,886	-999
Income tax benefit
-13	-16	-1	0	-314	-2	1	-9	0	0	0	1	1	-190	0	0	0	-648	-937	-1,506	-1,372	286	437	141	280	-46	147	384	63	219	-1,260	663	-2	313	589	325	-104	140	349	159	462	-299	115	145	-3,444	2,079	-996
NET LOSS
-8,313	-324	-61	98	-21	605	-146	-249	18	-1,121	-17	495	141	-341	-1,214	-1,776	-1,068	-2,186	-4,639	-4,090	-3,720	668	692	230	466	-73	240	625	102	343	-1,971	1,037	-3	487	922	510	-162	223	558	255	738	-500	192	243	-5,740	3,322	-
Net loss attributable to noncontrolling interests
-16	0	0	0	0	1	0	0	1	0	1	1	1	-10	1	0	0	-118	13	18	19	29	30	39	41	43	38	45	44	44	41	65	25	-	0	-	-	-	-	-	-	25	0	0	0	0	-
NET LOSS ATTRIBUTABLE TO CHESAPEAKE
-8,297	-324	-61	98	-21	604	-146	-249	17	-1,121	-18	494	140	-331	-1,215	-1,776	-1,068	-2,068	-4,652	-4,108	-3,739	639	662	191	425	-116	202	580	58	299	-2,012	972	-28	472	922	510	-162	-	-	-	-	-525	192	243	-5,740	3,322	-1,592
Preferred stock dividends
22	22	23	23	23	23	23	23	23	23	23	16	23	-30	42	42	43	42	43	43	43	42	43	43	43	42	43	43	43	42	43	43	43	43	43	43	43	42	43	20	6	5	6	6	6	6	9
Preferred Stock Conversions, Inducements
-	-	17	-	-	-	0	-	-	0	0	0	41	428	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	42
Repurchase of preferred shares of CHK Utica
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	447	-	-	-	0	69	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings allocated to participating securities
-	-	-	-	-	-	-	-	-	-9	0	8	1	0	0	0	0	-	-	-	-	12	3	3	8	-4	3	11	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS
-8,319	-346	-101	75	-44	580	-169	-272	-6	-1,135	-41	470	75	-729	-1,257	-1,818	-1,111	-2,110	-4,695	-4,151	-3,782	585	169	145	374	-154	156	457	15	257	-2,055	929	-71	429	879	467	-205	181	515	235	732	-530	186	237	-5,746	3,291	-1,643
LOSS PER COMMON SHARE:
Basic (in dollars per share)
-852.97	6.13	-0.06	0.05	-6.37	0.65	-0.19	-0.30	-0.01	-1.25	-0.05	0.52	0.08	-0.64	-1.62	-2.51	-1.66	-3.19	-7.08	-6.27	-5.72	0.88	0.26	0.22	0.57	-0.23	0.24	0.70	0.02	0.39	-3.19	1.45	-0.11	0.67	1.38	0.74	-0.32	0.28	0.81	0.37	1.17	-0.63	0.30	0.39	-9.63	5.94	-3.16
Diluted (in dollars per share)
-852.97	6.13	-0.06	0.05	-6.37	0.65	-0.19	-0.30	-0.01	-1.20	-0.05	0.47	0.08	-0.64	-1.62	-2.51	-1.66	-3.19	-7.08	-6.27	-5.72	0.85	0.26	0.22	0.54	-0.19	0.24	0.66	0.02	0.55	-3.19	1.29	-0.11	0.73	1.23	0.68	-0.32	0.25	0.75	0.37	1.14	-0.63	0.30	0.39	-9.63	5.62	-3.16
Common Stock, Dividends, Per Share, Declared
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.08	0.08	0.08	0.08	0.08	0.17	0.08	0.08	0.00	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
WEIGHTED AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING
Basic (in shares)
9	3,327	1,698	1,628	6	910	910	909	907	901	909	908	906	887	777	724	668	662	663	662	661	659	660	659	658	652	656	653	651	644	644	642	642	641	638	635	634	631	632	631	630	629	619	603	597	554	521
Diluted (in shares)
9	3,327	1,698	1,628	6	910	910	909	907	694	909	1,114	907	887	777	724	668	662	663	662	661	1,004	660	659	765	545	656	760	651	535	644	751	642	870	753	751	634	798	744	635	647	615	626	610	597	588	521
Oil, natural gas and NGL
Revenues
1,801	969	1,170	1,454	929	1,731	1,199	982	1,243	1,258	979	1,279	1,469	678	1,177	440	993	1,269	1,363	1,216	1,543	4,543	2,341	1,704	1,766	3,181	1,586	2,406	1,453	1,656	1,437	2,117	1,068	1,336	2,402	1,792	494	949	1,639	1,161	1,898	1,368	1,187	1,097	1,397	6,408	-1,594
Marketing
Revenues
724	929	889	916	1,233	1,338	1,219	1,273	1,246	1,261	964	1,002	1,284	1,343	1,099	1,182	960	1,380	2,013	2,305	1,675	2,681	3,362	3,167	3,015	2,689	3,032	2,057	1,781	1,721	1,381	1,113	1,216	1,247	1,422	1,404	1,017	959	883	793	844	804	575	532	552	1,038	1,099
Expense
746	932	901	940	1,230	1,360	1,238	1,292	1,268	1,265	978	1,027	1,328	1,368	1,261	1,207	942	1,379	1,955	2,096	1,700	2,721	3,369	3,166	2,980	2,679	3,009	2,028	1,745	1,680	1,339	1,096	1,197	1,224	1,392	1,366	985	923	851	763	815	747	546	500	523	1,014	1,075
Oil, natural gas and NGL and Marketing
Revenues
2,525	1,898	2,059	2,370	2,162	3,069	2,418	2,255	2,489	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
Revenues
16	18	15	15	15	15	16	16	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil, natural gas and NGL production
Expense
122	84	155	166	115	57	132	138	147	91	151	140	135	158	164	182	206	220	251	276	299	340	298	282	288	282	282	288	307	300	320	335	349	291	282	262	238	242	231	213	207	207	218	213	238	239	219
Oil, natural gas and NGL gathering, processing and transportation
Expense
285	267	270	271	274	338	364	340	356	390	369	357	355	419	473	481	482	690	483	488	458	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exploration
Expense
282	28	17	15	24	39	22	20	81	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-