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GULFPORT ENGY   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2017201620152014201320122011201020092008
Period End Date12/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/200912/31/2008
Gas sales846.00420.13324.73226.1321.023.233.843.471.996.57
Oil and condensate sales124.5781.17122.62241.21224.13242.71222.03121.3581.59131.83
Net gain on gas, oil and NGL derivatives213.68(174.51)203.51--------------
Other income------109.300.530.330.300.290.39(0.43)
Natural gas liquids sales136.0659.1258.1394.1317.082.673.092.822.003.26
Total Revenues1,320.30385.91708.99670.76262.75248.93229.25127.9285.97141.22
COGS-Operating expenses--------------------
Production taxes21.1313.2814.7424.0126.9328.9626.0513.979.8015.81
Lease operating expenses80.2568.8869.4852.1926.7024.3120.9017.6116.3222.86
Depreciation, depletion, and amortization364.63245.97337.69265.43118.8890.7562.3238.9129.2342.47
General and Administrative52.9443.4141.9738.2922.5213.818.076.064.996.84
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--------(272.72)
Accretion expense(1.61)(1.06)(0.82)(0.76)(0.72)(0.70)(0.67)(0.62)(0.58)(0.56)
Acquisition expense(2.39)0.000.00--------------
Midstream transportation, processing, and marketing(249.00)(165.97)(138.59)(64.47)(11.03)(0.44)(0.28)------
Total Cost and Expenses771.941,254.062,043.70445.14207.29151.66118.2977.17----
Operating Income (Loss)548.37(868.15)(1,334.71)225.6355.4697.26110.9650.75----
Interest expense108.2063.5351.2223.9917.497.461.402.762.314.76
Interest expense - preferred stock--------------------
Litigation settlement------25.500.00----------
Proceeds from Litigation Trust--------------------
Gain on contribution of investments------84.470.00----------
Loss (income) from equity method investments(5.26)(33.99)(106.09)139.43213.068.32(1.42)(0.98)(0.71)--
Interest income1.011.230.640.200.300.070.190.390.560.54
Loss on debt extinguishment--(23.78)----------------
Insurance proceeds--5.7210.020.000.00------1.050.77
Business interruption insurance recoveries--------------------
Provision for doubtful accounts--------------------
Gain on settlement of disputed amounts--------------------
Settlement of fixed price contracts------------------39.00
Other expense (income)1.04(0.13)0.490.50------------
TOTAL OTHER (INCOME) EXPENSE111.41114.47146.17(175.12)(195.87)(0.94)2.633.35----
Income (loss) before income taxes436.96(982.62)(1,480.89)400.74251.3398.20108.3347.4023.66(184.50)
Current: Federal3.36(19.77)(0.44)16.046.330.650.280.100.030.65
Current: State2.17(1.33)(1.07)14.386.860.08--0.040.03--
Deferred--------------------
Income tax expense (benefit)1.81(2.91)(256.00)153.3498.1426.36(0.09)0.040.03--
Deferred: Federal(3.60)18.57(240.28)118.6077.5723.42(0.37)(0.10)(0.03)(0.65)
Current--------------------
Deferred: State(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)--------153.19----------
Less: Preferred stock dividends--------------------
Net income (loss) available to common stockholders435.15(979.71)(1,224.88)247.40153.1968.37108.4247.3623.63(184.50)
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- Basic2.42(7.97)(12.27)2.901.981.222.221.080.55(4.33)
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- Diluted2.41(7.97)(12.27)2.881.971.212.201.070.55(4.33)
Weighted average shares outstanding- Basic179.83122.9599.7985.4577.3855.9348.7543.8642.6742.60
Weighted average shares outstanding- Diluted180.25122.9599.7985.8177.8656.4249.2144.2643.0242.60