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GULFPORT ENGY   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Gas sales1,121.82846.00420.13324.73226.1321.023.233.843.471.99
Oil and condensate sales177.79124.5781.17122.62241.21224.13242.71222.03121.3581.59
Net gain on gas, oil and NGL derivatives(123.48)213.68(174.51)203.51------------
Other income--------109.300.530.330.300.290.39
Natural gas liquids sales178.92136.0659.1258.1394.1317.082.673.092.822.00
Total Revenues1,355.041,320.30385.91708.99670.76262.75248.93229.25127.9285.97
COGS-Operating expenses--------------------
Production taxes33.4821.1313.2814.7424.0126.9328.9626.0513.979.80
Lease operating expenses91.6480.2568.8869.4852.1926.7024.3120.9017.6116.32
Depreciation, depletion, and amortization486.66364.63245.97337.69265.43118.8890.7562.3238.9129.23
General and Administrative56.6352.9443.4141.9738.2922.5213.818.076.064.99
Gain on sale of assets--------0.01(0.51)7.300.000.00--
Impairment of oil and gas properties----(715.50)(1,440.42)0.000.00--------
Accretion expense(4.12)(1.61)(1.06)(0.82)(0.76)(0.72)(0.70)(0.67)(0.62)(0.58)
Acquisition expense--(2.39)--0.00------------
Midstream transportation, processing, and marketing(290.19)(249.00)(165.97)(138.59)(64.47)(11.03)(0.44)(0.28)----
Total Cost and Expenses962.72771.941,254.062,043.70445.14207.29151.66118.2977.17--
Operating Income (Loss)392.32548.37(868.15)(1,334.71)225.6355.4697.26110.9650.75--
Interest expense135.27108.2063.5351.2223.9917.497.461.402.762.31
Interest expense - preferred stock--------------------
Litigation settlement1.08------25.500.00--------
Proceeds from Litigation Trust--------------------
Gain on contribution of investments--------84.470.00--------
Loss (income) from equity method investments124.7712.523.39(106.09)139.43213.068.32(1.42)(0.98)(0.71)
Gain on sale of equity method investments49.90(17.78)(37.38)--------------
Interest income0.311.011.230.640.200.300.070.190.390.56
Loss on debt extinguishment----(23.78)--------------
Insurance proceeds0.23--5.7210.020.000.00------1.05
Business interruption insurance recoveries--------------------
Provision for doubtful accounts--------------------
Gain on settlement of disputed amounts--------------------
Settlement of fixed price contracts--------------------
Other expense (income)(0.70)1.04(0.13)0.490.50----------
TOTAL OTHER (INCOME) EXPENSE(38.17)111.41114.47146.17(175.12)(195.87)(0.94)2.633.35--
Income (loss) before income taxes430.49436.96(982.62)(1,480.89)400.74251.3398.20108.3347.4023.66
Current: Federal0.253.36(19.77)(0.44)16.046.330.650.280.100.03
Current: State(1.53)2.17(1.33)(1.07)14.386.860.08--0.040.03
Deferred--------------------
Income tax expense (benefit)(0.07)1.81(2.91)(256.00)153.3498.1426.36(0.09)0.040.03
Deferred: Federal(0.32)(3.60)18.57(240.28)118.6077.5723.42(0.37)(0.10)(0.03)
Current--------------------
Deferred: State1.53(0.12)(0.39)(14.22)4.317.392.21------
Income (loss) from Continuing Operations--------247.40--71.84108.4247.36--
DISCONTINUED OPERATIONS-Loss on disposal of Belize properties, net of tax------------(3.47)0.000.00--
NET INCOME BEFORE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE--------------------
Cumulative effect of change in accounting principle--------------------
Consolidated Net Income (Loss)430.56435.15(979.71)----153.19--------
Less: Preferred stock dividends--------------------
Net income (loss) available to common stockholders430.56435.15(979.71)(1,224.88)247.40153.1968.37108.4247.3623.63
Basic: Per common share before effect of change in accounting principle------------1.282.221.08--
Basic net income from discontinued operations, net of tax, per share------------(0.06)0.000.00--
Basic: Effect per common share of change in accounting principle--------------------
Net income per common share- Basic2.462.42(7.97)(12.27)2.901.981.222.221.080.55
Diluted: Per common share before effect of change in accounting principle------------1.272.201.07--
Diluted net income from discontinued operations, net of tax, pershare------------(0.06)--0.00--
Diluted: Effect per common share of change in accounting principle--------------------
Net income per common share- Diluted2.452.41(7.97)(12.27)2.881.971.212.201.070.55
Weighted average shares outstanding- Basic174.68179.83122.9599.7985.4577.3855.9348.7543.8642.67
Weighted average shares outstanding- Diluted175.40180.25122.9599.7985.8177.8656.4249.2144.2643.02