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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS – (Continued)
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION OF CASH PAYMENTS FOR:
Years Ended December 31,
2010 2009 2008
($ in millions)
Interest, net of capitalized interest ................................. $ 11 $ 64 $ 97
Income taxes, net of refunds received .............................. $ (291) $ 7 $ 296
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
As of December 31, 2010, 2009 and 2008, dividends payable on our common and preferred stock were
$90 million, $53 million and $50 million, respectively.
In 2010, 2009 and 2008, natural gas and oil properties were adjusted by $161 million, ($93) million and
($4) million, respectively, as a result of an increase (decrease) in accrued acquisition, exploration and
development costs.
In 2010, 2009 and 2008, other property and equipment were adjusted by $14 million, ($53) million and
$125 million, respectively, as a result in an increase (decrease) in accrued costs.
As of December 31, 2010 and 2009, we had recorded $371 million and $244 million, respectively, of
various liabilities related to the purchase of proved and unproved properties.
In 2010, 2009 and 2008, holders of certain of our contingent convertible senior notes exchanged their
notes for shares of common stock in privately negotiated exchanges as summarized below:
Number of
Contingent Convertible
Common Shares
Year
Senior Notes Principal Amount
Issued
($ in millions) (in thousands)
2010 2.25% due 2038 $ 11 299
2009 2.25% due 2038 $ 364 10,210
2008 2.75% due 2035 $ 239 8,841
2.50% due 2037 272 8,417
2.25% due 2038 254 6,655
$ 765 23,913
In 2009 and 2008, we issued 24,822,832 and 1,677,000 shares of common stock, valued at $429 million
and $34 million, respectively, for the purchase of proved and unproved properties pursuant to an acquisition
shelf registration statement.
In 2010, 2009 and 2008, shares of our cumulative convertible preferred stock were exchanged for or
converted into shares of common stock as summarized below:
Year of
Exchange/
Conversion
Cumulative
Convertible
Preferred Stock
Number
of
Preferred Shares
Number
of
Common Shares
Type
of
Transaction
(in thousands)
2010 5.0% (series 2005) 5 21 Conversion
2009 6.25% 144 1,239 Conversion
4.125% 3 183
1,422
Conversion
2008 5.0% (series 2005B) 3,654 10,443 Exchange
4.5% 891 2,228 Exchange
4.125% — (a) 2
12,673
Conversion
(a) Nominal amount.
The accompanying notes are an integral part of these consolidated financial statements.
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