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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 696 $ 728
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO CASH PROVIDED BY OPERATING ACTIVITIES:    
Depreciation, depletion and amortization 1,445 1,447
Deferred income tax expense 413 443
Derivative (gains) losses, net 542 (323)
Cash payments on derivative settlements, net (323) (49)
Stock-based compensation 40 56
Net gains on sales of fixed assets (115) (158)
Impairments of fixed assets and other 51 258
Losses on investments 45 7
Net (gains) losses on sales of investments (67) 10
Restructuring and other termination costs 24 104
Losses on purchases of debt 61 17
Other 71 6
Changes in assets and liabilities (240) (341)
Net Cash Provided By Operating Activities 2,643 2,205
CASH FLOWS FROM INVESTING ACTIVITIES:    
Drilling and completion costs (1,996) (3,145)
Acquisitions of proved and unproved properties (356) (550)
Proceeds from divestitures of proved and unproved properties 248 1,895
Additions to other property and equipment (620) (506)
Proceeds from sales of other assets 713 459
Additions to investments (5) (4)
Proceeds from sales of investments 239 102
Decrease in restricted cash 0 170
Other (3) 4
Net Cash Used In Investing Activities (1,780) (1,575)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facilities borrowings 857 6,559
Payments on credit facilities borrowings (1,239) (6,578)
Proceeds from issuance of senior notes, net of discount and offering costs 3,460  
Proceeds from issuance of oilfield services senior notes, net of discount and offering costs 3,460  
Proceeds from issuance of oilfield services term loan, net of issuance costs 394 0
Cash paid to purchase debt (3,362) (1,874)
Cash paid for common stock dividends (117) (116)
Cash paid for preferred stock dividends (86) (86)
Cash paid on financing derivatives (32) (25)
Cash paid for prepayment of mortgage 0 (55)
Proceeds from sales of noncontrolling interests 0 5
Proceeds from other financings 0 22
Cash paid to purchase preferred shares of a subsidiary 0 (212)
Cash held and retained by SSE at spin-off (8) 0
Distributions to noncontrolling interest owners (105) (111)
Other 0 (43)
Net Cash Used In Financing Activities (238) (240)
Net increase in cash and cash equivalents 625 390
Cash and cash equivalents, beginning of period 837 287
Cash and cash equivalents, end of period 1,462 677
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net of capitalized interest 88 0
Income taxes paid, net of refunds received 13 13
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in accrued drilling and completion costs (125) (60)
Change in accrued acquisitions of proved and unproved properties (60) 54
Change in accrued additions to other property and equipment 0 (58)
Chesapeake Energy [Member]
   
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of senior notes, net of discount and offering costs 2,966 2,274
Proceeds from issuance of oilfield services senior notes, net of discount and offering costs 2,966 2,274
Chesapeake Oilfield Operating [Member]
   
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of senior notes, net of discount and offering costs 494 0
Proceeds from issuance of oilfield services senior notes, net of discount and offering costs $ 494 $ 0