You are in your second rotation in the management training program at a firm that finance new start up and your supervisor calls you into her office on Monday morning to discuss your next training rotation. When you enter her office you are surprised to learn that you will be responsible for compiling a financial analysis of new venture. Thus, your boss askes you to practice with this Chesapeake Energy Inc. (CHK). Your boss suggests that you begin your analysis by reviewing the firms cash flow statements for 2004 through 2007 (found below):

12 Months Ending December 31