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GULFPORT ENERGY   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2022202120202019201820172016201520142013
Period End Date12/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/2013
Gas sales1,998.451,250.49671.54918.261,121.82846.00420.13507.73329.2521.02
Oil and condensate sales147.44110.4562.90117.94177.79124.5781.17141.82247.38224.13
Natural gas liquids sales184.96141.9266.81101.45178.92136.0659.1259.4594.1317.08
Net gain on gas, oil and NGL derivatives(999.75)(694.06)65.29208.36(123.48)213.68--------
Other income------------(174.51)0.490.500.53
Total Revenues1,331.11808.80866.541,346.011,355.041,320.30385.91709.48671.27262.75
COGS-Operating expenses--------------------
Production taxes----28.5128.5733.4821.1313.2814.7424.0126.93
Lease operating expenses64.7951.7054.2483.0091.6480.2568.8869.4852.1926.70
Depreciation, depletion, and amortization267.76223.68239.74550.11486.66364.63245.97337.69265.43118.88
General and Administrative35.3053.6459.3347.9856.6352.9443.4141.9738.2922.52
Restructuring Costs--2.8630.854.61------------
Gain on sale of assets------------0.000.000.01(0.51)
Taxes other than income(60.14)(42.59)----------------
Impairment of oil and gas properties--(117.81)(1,357.10)(2,039.77)----(715.50)(1,440.42)----
Accretion expense(2.75)(2.44)(3.07)(3.94)(4.12)(1.61)(1.06)(0.82)(0.76)(0.72)
Acquisition expense------0.00--(2.39)--------
Midstream transportation, processing, and marketing(357.25)(373.10)(456.32)(291.73)(290.19)(249.00)(165.97)(138.59)(64.47)(11.03)
Impairment of other property and equipment--(14.57)----------------
Total Cost and Expenses787.99882.392,229.153,049.70962.72771.941,254.062,043.70445.14207.29
Operating Income (Loss)543.13(73.58)(1,362.61)(1,703.69)392.32548.37(868.15)(1,334.23)226.1355.46
Interest expense59.7745.01120.08141.79135.27108.2063.5351.2223.9917.49
Interest expense - preferred stock--------------------
Reorganization items, net--(266.90)152.36--------------
Litigation settlement--------1.08--0.000.0025.50--
Proceeds from Litigation Trust--------------------
Gain on contribution of investments------------0.000.0084.47--
Loss (income) from equity method investments--(0.34)(11.06)(210.15)124.77(5.26)(33.99)(106.09)139.43213.06
Gain on sale of equity method investments--------49.90----------
Interest income----0.410.800.311.011.230.640.200.30
Loss on debt extinguishment--(3.04)49.5848.63----(23.78)------
Insurance proceeds--------0.23--5.7210.02----
Business interruption insurance recoveries--------------------
Gain on settlement of disputed amounts--------------------
Settlement of fixed price contracts--------------------
Other expense (income)11.35(14.76)(21.74)(3.73)(0.70)1.04(0.13)------
TOTAL OTHER (INCOME) EXPENSE48.43(203.74)255.24306.23(38.17)111.41114.47146.66(174.61)(195.87)
Income (loss) before income taxes494.70130.16(1,617.84)(2,009.92)430.49436.96(982.62)(1,480.89)400.74251.33
Income tax expense (benefit)--(8.01)7.29(7.56)(0.07)1.81(2.91)(256.00)153.3498.14
Income (loss) from Continuing Operations------------(979.71)--247.40153.19
DISCONTINUED OPERATIONS-Loss on disposal of Belize properties, net of tax------------------0.00
NET INCOME BEFORE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE--------------------
Cumulative effect of change in accounting principle--------------------
Consolidated Net Income (Loss)494.70138.17(1,625.13)(2,002.36)430.56----(1,224.88)----
Less: Preferred stock dividends5.444.57----------------
Participating securities - preferred stock76.40------------------
Net income (loss) available to common stockholders412.86133.59(1,625.13)(2,002.36)430.56435.15(979.71)(1,224.88)247.40153.19
Basic: Per common share before effect of change in accounting principle----------------2.901.98
Basic net income from discontinued operations, net of tax, per share------------------0.00
Basic: Effect per common share of change in accounting principle--------------------
Net income per common share- Basic20.456.50(10.14)(12.49)2.462.42(7.97)(12.27)2.901.98
Diluted: Per common share before effect of change in accounting principle----------------2.881.97
Diluted net income from discontinued operations, net of tax, pershare--------------------
Diluted: Effect per common share of change in accounting principle--------------------
Net income per common share- Diluted20.326.50(10.14)(12.49)2.452.41(7.97)(12.27)2.881.97
Weighted average shares outstanding- Basic20.1920.55160.23160.34174.68179.83122.9599.7985.4577.38
Weighted average shares outstanding- Diluted20.3520.55160.23160.34175.40180.25122.9599.7985.8177.86