filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
The following table sets forth selected consolidated financial data of Chesapeake as of and for the years ended December 31, 2016, 2015, 2014, 2013 and 2012. The data are derived from our audited consolidated financial statements, revised to reflect the reclassification discussed below. Beginning in the 2016 first quarter, we have reclassified our presentation of debt issuance costs related to term debt to be presented in the balance sheet as a direct reduction from the associated debt liability. The table below should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations and our consolidated financial statements, including the notes thereto, appearing in Items 7 and 8, respectively, of this report.
| Years Ended December 31, | ||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| ($ in millions, except per share data) | ||||||||||||||||||||
| STATEMENT OF OPERATIONS DATA: | ||||||||||||||||||||
| Total revenues | $ | 7,872 | $ | 12,764 | $ | 23,125 | $ | 19,080 | $ | 13,422 | ||||||||||
| Net income (loss) available to common stockholders(a) | $ | (4,926 | ) | $ | (14,856 | ) | $ | 1,273 | $ | 474 | $ | (940 | ) | |||||||
| EARNINGS (LOSS) PER COMMON SHARE: | ||||||||||||||||||||
| Basic | $ | (6.45 | ) | $ | (22.43 | ) | $ | 1.93 | $ | 0.73 | $ | (1.46 | ) | |||||||
| Diluted | $ | (6.45 | ) | $ | (22.43 | ) | $ | 1.87 | $ | 0.73 | $ | (1.46 | ) | |||||||
| CASH DIVIDEND DECLARED PER COMMON SHARE | $ | — | $ | 0.0875 | $ | 0.35 | $ | 0.35 | $ | 0.35 | ||||||||||
| BALANCE SHEET DATA (AT END OF PERIOD): | ||||||||||||||||||||
| Total assets | $ | 13,028 | $ | 17,314 | $ | 40,655 | $ | 41,663 | $ | 41,469 | ||||||||||
| Long-term debt, net of current maturities | $ | 9,938 | $ | 10,311 | $ | 11,058 | $ | 12,767 | $ | 12,015 | ||||||||||
| Total equity (deficit) | $ | (1,203 | ) | $ | 2,397 | $ | 18,205 | $ | 18,140 | $ | 17,896 |
| (a) | Includes $2.564 billion, $18.238 billion and $3.315 billion of full cost ceiling test write-downs on our oil and natural gas properties for the years ended December 31, 2016, 2015 and December 2012, respectively. In 2014 and 2013, we did not have any ceiling test impairments for our oil and natural gas properties. |
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