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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Years Ended December 31,
2010 2009 2008
($ in millions)
Net income (loss) ................................................ $ 1,774 $ (5,805) $ 604
Other comprehensive income (loss), net of income tax:
Change in fair value of derivative instruments, net of income taxes of
$129 million, $413 million and $113 million, respectively ........... 212 677 186
Reclassification of (gain) loss on settled contracts, net of income taxes
of ($298) million, ($540) million and $35 million, respectively ....... (491) (885) 55
Ineffective portion of derivatives qualifying for cash flow hedge
accounting, net of income taxes of $9 million, ($14) million and $34
million, respectively ......................................... 14 (23) 56
Unrealized (gain) loss on marketable securities, net of income taxes of
($3) million, $14 million and ($12) million, respectively ............ (5) 23 (19)
Reclassification of loss on investments, net of income taxes of $0, $26
million and $0, respectively .................................. — 43 —
Comprehensive income (loss) ...................................... 1,504 (5,970) 882
(Income) attributable to noncontrolling interest ........................ — (25) —
Comprehensive income (loss) available to Chesapeake ................. $ 1,504 $ (5,995) $ 882
The accompanying notes are an integral part of these consolidated financial statements.
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