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GULFPORT ENERGY   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Gas sales1,250.49671.541,135.381,318.47846.00420.13324.73226.1321.023.23
Oil and condensate sales110.4562.90117.94177.79124.5781.17122.62241.21224.13242.71
Natural gas liquids sales141.9266.81101.45178.92136.0659.1258.1394.1317.082.67
Net gain on gas, oil and NGL derivatives(694.06)65.29208.36(123.48)213.68(174.51)203.51------
Other income--------------109.300.530.33
Total Revenues808.80866.541,563.131,551.701,320.30385.91708.99670.76262.75248.93
COGS-Operating expenses--------------------
Production taxes------48.3021.1313.2814.7424.0126.9328.96
Lease operating expenses51.7054.2473.5079.7280.2568.8869.4852.1926.7024.31
Depreciation, depletion, and amortization223.68239.74550.11486.66364.63245.97337.69265.43118.8890.75
General and Administrative53.6459.3345.5447.1045.5243.4141.9738.2922.5213.81
Restructuring Costs2.8630.854.61--0.00----------
Gain on sale of assets--------------0.01(0.51)7.30
Taxes other than income(42.59)(28.51)(40.51)--------------
Impairment of oil and gas properties(117.81)(1,357.10)(2,039.77)----(715.50)(1,440.42)0.000.00--
Accretion expense(2.44)(3.07)(3.94)(4.12)(1.61)(1.06)(0.82)(0.76)(0.72)(0.70)
Acquisition expense--------(2.39)--0.00------
Midstream transportation, processing, and marketing(373.10)(456.32)(508.84)(486.85)(249.00)(165.97)(138.59)(64.47)(11.03)(0.44)
Impairment of other property and equipment(14.57)------------------
Total Cost and Expenses882.392,229.153,266.821,152.74764.521,254.062,043.70445.14207.29151.66
Operating Income (Loss)(73.58)(1,362.61)(1,703.69)398.96555.78(868.15)(1,334.71)225.6355.4697.26
Interest expense45.01120.08141.79141.91115.6163.5351.2223.9917.497.46
Interest expense - preferred stock--------------------
Reorganization items, net(266.90)152.36--0.00------------
Litigation settlement--------------25.500.00--
Proceeds from Litigation Trust--------------------
Gain on contribution of investments--------------84.470.00--
Loss (income) from equity method investments(0.34)(11.06)(210.15)49.90(17.78)3.39(106.09)139.43213.068.32
Gain on sale of equity method investments------124.7712.52(37.38)--------
Interest income------0.311.011.230.640.200.300.07
Loss on debt extinguishment(3.04)49.5848.63----(23.78)--------
Insurance proceeds----------5.7210.020.000.00--
Business interruption insurance recoveries--------------------
Provision for doubtful accounts--------------------
Gain on settlement of disputed amounts--------------------
Settlement of fixed price contracts--------------------
Other expense (income)(14.76)(21.32)(2.92)(1.54)1.04(0.13)0.490.50----
TOTAL OTHER (INCOME) EXPENSE(203.74)255.24306.23(31.53)118.82114.47146.17(175.12)(195.87)(0.94)
Income (loss) before income taxes130.16(1,617.84)(2,009.92)430.49436.96(982.62)(1,480.89)400.74251.3398.20
Current: Federal0.00(0.27)(0.01)0.253.36(19.77)(0.44)16.046.330.65
Current: State(8.01)0.000.00(1.53)2.17(1.33)(1.07)14.386.860.08
Deferred--------------------
Income tax expense (benefit)(8.01)7.29(7.56)(0.07)1.81(2.91)(256.00)153.3498.1426.36
Deferred: Federal------(0.32)(3.60)18.57(240.28)118.6077.5723.42
Current--------------------
Deferred: State0.007.56(7.56)1.53(0.12)(0.39)(14.22)4.317.392.21
Income (loss) from Continuing Operations--------------247.40--71.84
DISCONTINUED OPERATIONS-Loss on disposal of Belize properties, net of tax------------------(3.47)
NET INCOME BEFORE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE--------------------
Cumulative effect of change in accounting principle--------------------
Consolidated Net Income (Loss)138.17(1,625.13)(2,002.36)430.56435.15(979.71)----153.19--
Less: Preferred stock dividends4.57------------------
Net income (loss) available to common stockholders133.59(1,625.13)(2,002.36)430.56435.15(979.71)(1,224.88)247.40153.1968.37
Basic: Per common share before effect of change in accounting principle------------------1.28
Basic net income from discontinued operations, net of tax, per share------------------(0.06)
Basic: Effect per common share of change in accounting principle--------------------
Net income per common share- Basic6.50(10.14)(12.49)2.462.42(7.97)(12.27)2.901.981.22
Diluted: Per common share before effect of change in accounting principle------------------1.27
Diluted net income from discontinued operations, net of tax, pershare------------------(0.06)
Diluted: Effect per common share of change in accounting principle--------------------
Net income per common share- Diluted6.50(10.14)(12.49)2.452.41(7.97)(12.27)2.881.971.21
Weighted average shares outstanding- Basic20.55160.23160.34174.68179.83122.9599.7985.4577.3855.93
Weighted average shares outstanding- Diluted20.55160.23160.34175.40180.25122.9599.7985.8177.8656.42