For the 2013 full year the company reported adjusted ebitda of $5.016 billion, an increase of 34% year over year. Operating cash flow, which is cash flow provided by operating activities before changes in assets and liabilities, was $4.956 billion in 2013, an increase of 26% year over year. Full-year 2013 operating cash flow was negatively impacted by approximately $120 million due to the extinguishment of certain financing obligations in the Fort Worth, Texas area, $73 million of employee restructuring and other termination costs as well as $63 million of charges primarily related to the termination of rig lease and other commitments. The charges were the result of the company's strategic decision to reduce leverage and balance sheet complexity and are excluded from adjusted net income.2013 Full-Year Average Daily Production Increases 3% Year over Year to 670 Mboe per Day; Oil Production Increases 32% Year over Year to More Than 112 Mbbls per Day
Chesapeake Energy Corporation Reports Financial And Operational Results For The 2013 Full Year And Fourth Quarter
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