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, 2019, 2018, 2017, 2016 and 2015. 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. Financial information for prior periods has been recast to reflect retrospective application of the successful efforts method of accounting. See Notes 1 and 2 of the notes to our consolidated financial statements included in Item 8 of this report for further discussion of the change in accounting principle.
| Years Ended December 31, | ||||||||||||||||||||
| 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||||
| ($ in millions, except per share data) | ||||||||||||||||||||
| STATEMENT OF OPERATIONS DATA: | ||||||||||||||||||||
| Total revenues | $ | 8,595 | $ | 10,030 | $ | 10,039 | $ | 8,705 | $ | 13,794 | ||||||||||
| Net income (loss) available to common stockholders(a) | $ | (416 | ) | $ | 133 | $ | (631 | ) | $ | (4,018 | ) | $ | (11,383 | ) | ||||||
| EARNINGS (LOSS) PER COMMON SHARE: | ||||||||||||||||||||
| Basic | $ | (0.25 | ) | $ | 0.15 | $ | (0.70 | ) | $ | (5.26 | ) | $ | (17.18 | ) | ||||||
| Diluted | $ | (0.25 | ) | $ | 0.15 | $ | (0.70 | ) | $ | (5.26 | ) | $ | (17.18 | ) | ||||||
| CASH DIVIDEND DECLARED PER COMMON SHARE | $ | — | $ | — | $ | — | $ | — | $ | 0.0875 | ||||||||||
| BALANCE SHEET DATA (AT END OF PERIOD): | ||||||||||||||||||||
| Total assets | $ | 16,193 | $ | 12,735 | $ | 14,925 | $ | 17,048 | $ | 21,432 | ||||||||||
| Long-term debt, net of current maturities | $ | 9,073 | $ | 7,341 | $ | 9,921 | $ | 9,938 | $ | 10,311 | ||||||||||
| Total equity | $ | 4,401 | $ | 2,133 | $ | 1,943 | $ | 2,565 | $ | 5,256 |
| (a) | Includes $11 million, $131 million, $814 million, $563 million and $11.590 billion of impairments of oil and gas properties and other fixed assets for the years ended December 31, 2019, 2018, 2017, 2016 and 2015, respectively. |
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