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, 2020, 2019, 2018, 2017 and 2016. 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, | ||||||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | ||||||||||||||||||||||||||||
| ($ in millions, except per share data) | ||||||||||||||||||||||||||||||||
| STATEMENT OF OPERATIONS DATA: | ||||||||||||||||||||||||||||||||
| Total revenues | $ | 5,296 | $ | 8,595 | $ | 10,030 | $ | 10,039 | $ | 8,705 | ||||||||||||||||||||||
| Net income (loss) available to common stockholders(a) | $ | (9,756) | $ | (416) | $ | 133 | $ | (631) | $ | (4,018) | ||||||||||||||||||||||
| EARNINGS (LOSS) PER COMMON SHARE:****(b) | ||||||||||||||||||||||||||||||||
| Basic | $ | (998.26) | $ | (49.97) | $ | 29.26 | $ | (139.32) | $ | (1,051.83) | ||||||||||||||||||||||
| Diluted | $ | (998.26) | $ | (49.97) | $ | 29.26 | $ | (139.32) | $ | (1,051.83) | ||||||||||||||||||||||
| CASH DIVIDEND DECLARED PER COMMON SHARE | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||
| BALANCE SHEET DATA (AT END OF PERIOD): | ||||||||||||||||||||||||||||||||
| Total assets | $ | 6,584 | $ | 16,193 | $ | 12,735 | $ | 14,925 | $ | 17,048 | ||||||||||||||||||||||
| Long-term debt, net of current maturities | $ | — | $ | 9,073 | $ | 7,341 | $ | 9,921 | $ | 9,938 | ||||||||||||||||||||||
| Total equity (deficit) | $ | (5,341) | $ | 4,401 | $ | 2,133 | $ | 1,943 | $ | 2,565 |
(a) Includes $8.535 billion, $11 million, $131 million, $814 million and $563 million of impairments of oil and gas properties and other fixed assets for the years ended December 31, 2020, 2019, 2018, 2017 and 2016, respectively.
(b) Amounts have been retroactively adjusted to reflect a 1-for-200 (1:200) reverse stock split effective April 14, 2020. See Note 11 of the notes to our consolidated financial statements included in Item 8 of this report for additional information.
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