Gulfport Energy Corporation (GPOR) · 10+ Years of Financial statements

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	85	127	229	249	262	671	709	560	1,107	1,479	1,138	801	- -	2,331	1,051
+ Sales & Services Revenue	85	127	229	249	262	671	709	560	1,107	1,479	1,138	801	- -	2,331	1,051
- Cost of Revenue	26	32	47	144	184	406	560	494	715	902	953	750	- -	333	388
+ Cost of Goods & Services	26	32	47	144	184	406	560	494	715	902	953	750	- -	333	388
Gross Profit	59	95	182	104	79	265	148	66	392	577	184	51	- -	1,998	663
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	35	46	71	14	23	39	42	44	55	61	52	91	- -	455	424
+ Selling, General & Admin	5	6	8	14	23	38	42	43	53	57	48	59	- -	35	39
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	30	40	63	- -	- -	- -	- -	1	2	4	4	32	- -	420	385
Operating Income (Loss)	24	50	111	90	56	226	106	22	337	516	132	-40	- -	1,543	239
- Non-Operating (Income) Loss	1	2	3	-8	-195	-175	1,587	1,004	-100	85	2,142	1,578	- -	1,048	-706
+ Interest Expense, Net	2	2	1	7	17	24	51	62	107	135	141	114	- -	59	54
+ Interest Expense	2	3	1	7	17	24	51	64	108	135	142	115	- -	60	54
- Interest Income	1	- -	- -	- -	- -	- -	1	1	1	- -	1	- -	- -	1	- -
+ Other Non-Op (Income) Loss	-1	- -	1	-16	-213	-198	1,536	942	-207	-50	2,001	1,464	- -	989	-760
Pretax Income	24	47	108	98	251	401	-1,481	-983	437	430	-2,010	-1,618	- -	495	946
- Income Tax Expense (Benefit)	- -	- -	- -	26	98	153	-256	-3	2	- -	-8	7	- -	- -	-525
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	24	47	108	72	153	247	-1,225	-980	435	431	-2,002	-1,625	- -	495	1,471
- Net Extraordinary Losses (Gains)	- -	- -	- -	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	24	47	108	68	153	247	-1,225	-980	435	431	-2,002	-1,625	- -	495	1,471
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	24	47	108	68	153	247	-1,225	-980	435	431	-2,002	-1,625	- -	495	1,471
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	5
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	24	47	108	68	153	247	-1,225	-980	435	431	-2,002	-1,625	- -	489	1,466
Basic Weighted Avg Shares	43	44	49	56	77	85	100	123	180	175	160	160	- -	20	19
Basic EPS, GAAP	0.55	1.08	2.22	1.22	1.98	2.9	-12.27	-7.97	2.42	2.46	-12.49	-10.14	- -	24.24	78.63
Basic EPS from Cont Ops	0.55	1.08	2.22	1.28	1.98	2.9	-12.27	-7.97	2.42	2.46	-12.49	-10.14	- -	24.51	78.89
Diluted Weighted Avg Shares	43	44	49	56	78	86	100	123	180	175	160	160	161	20	19
Diluted EPS, GAAP	0.55	1.07	2.2	1.21	1.97	2.88	-12.27	-7.97	2.41	2.45	-12.49	-10.14	- -	24.05	77.56
Diluted EPS from Cont Ops	0.55	1.07	2.2	1.27	1.97	2.88	-12.27	-7.97	2.41	2.45	-12.49	-10.14	- -	24.31	77.82
EBITDA	54	89	173	181	175	492	444	268	702	1,002	682	200	- -	1,811	559
EBITDA Margin (%)	62.84	69.86	75.59	72.69	66.68	73.28	62.61	47.79	63.41	67.8	59.99	24.94	- -	77.68	53.17
EBITA	24	50	111	90	56	226	106	22	337	516	132	-40	- -	1,543	239
EBIT	24	50	111	90	56	226	106	22	337	516	132	-40	- -	1,543	239
Gross Margin (%)	69.37	75.12	79.4	41.89	30	39.46	20.94	11.83	35.39	39	16.2	6.36	- -	85.73	63.06
Operating Margin (%)	28.56	39.21	48.4	36.19	21.34	33.71	14.98	3.9	30.46	34.89	11.63	-4.99	- -	66.19	22.76
Profit Margin (%)	27.71	37.31	47.29	27.5	58.42	36.88	-172.76	-174.82	39.32	29.12	-176.01	-202.82	- -	21.22	139.9
Sales per Employee	2,131,550	2,820,978	4,585,080	1,942,195	2,222,246	3,304,246	3,082,565	2,325,378	3,343,275	4,224,351	3,817,611	3,129,887	- -	10,452,283	4,652,137
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.27	0.26
Depreciation Expense	29	39	62	91	119	265	338	246	365	487	550	240	- -	268	320

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	13	20	130	230	531	328	332	1,609	366	317	306	410	274	402	397
+ Cash, Cash Equivalents & STI	2	2	94	167	459	142	113	1,276	100	52	6	90	3	7	2
+ Cash & Cash Equivalents	2	2	94	167	459	142	113	1,276	100	52	6	90	3	7	2
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	10	16	33	60	62	104	72	137	182	233	169	132	253	300	145
+ Accounts Receivable, Net	10	16	33	60	61	104	72	137	182	233	169	132	253	300	145
+ Notes Receivable, Net	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	2	2	3	2	10	82	147	196	84	32	131	188	17	95	250
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	214	300	562	1,349	2,162	3,304	3,003	2,614	5,442	5,734	3,577	2,130	1,895	2,132	2,871
+ Property, Plant & Equip, Net	162	242	469	954	1,704	2,891	2,628	2,351	5,102	5,479	3,521	2,087	1,856	2,084	2,267
+ Property, Plant & Equip	636	755	1,044	1,620	2,488	3,941	5,458	6,141	9,256	10,120	10,750	10,906	2,134	2,630	3,132
- Accumulated Depreciation	474	513	575	666	785	1,051	2,829	3,790	4,154	4,640	7,229	8,819	278	546	866
+ LT Investments & Receivables	32	33	87	381	440	370	242	244	302	236	32	25	- -	- -	- -
+ LT Investments	32	33	87	381	440	370	242	244	302	236	32	25	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	20	25	6	13	18	44	132	19	38	19	24	19	39	48	604
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	20	25	6	13	18	44	132	19	38	19	24	19	39	48	604
Total Assets	227	320	691	1,578	2,693	3,632	3,335	4,223	5,808	6,051	3,883	2,540	2,168	2,534	3,268
+ Payables & Accruals	21	42	44	110	191	371	265	265	554	518	415	245	394	437	310
+ Accounts Payable	- -	- -	- -	110	191	371	265	265	554	518	415	- -	99	118	44
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	21	42	44	- -	- -	- -	- -	- -	- -	- -	- -	245	295	320	266
+ ST Debt	3	2	- -	- -	- -	- -	- -	- -	1	1	36	254	- -	12	13
+ ST Borrowings	3	2	- -	- -	- -	- -	- -	- -	1	1	1	254	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	35	- -	- -	12	13
+ Other ST Liabilities	19	5	1	11	13	27	51	119	33	20	- -	12	241	344	22
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	27	51	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	19	5	1	11	13	- -	1	119	33	20	- -	12	241	344	22
Total Current Liabilities	43	49	45	121	204	399	317	385	587	539	451	510	635	793	344
+ LT Debt	50	50	2	299	299	716	946	1,594	2,038	2,087	2,000	- -	713	708	669
+ LT Borrowings	50	50	2	299	299	716	946	1,594	2,038	2,087	1,978	- -	713	694	667
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22	- -	- -	14	1
+ Other LT Liabilities	10	10	12	32	140	221	33	61	81	97	117	2,330	213	152	49
+ Accrued Liabilities	- -	- -	- -	19	114	203	- -	- -	- -	3	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	10	10	12	14	26	18	33	61	81	94	117	2,330	213	152	49
Total Noncurrent Liabilities	59	60	14	331	439	937	979	1,654	2,119	2,184	2,117	2,330	926	860	717
Total Liabilities	102	109	59	452	643	1,336	1,296	2,039	2,706	2,723	2,568	2,840	1,561	1,653	1,062
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	58	52	44
+ Share Capital & APIC	274	297	605	1,037	1,814	1,829	2,825	3,948	4,418	4,229	4,209	4,215	693	449	316
+ Common Stock	- -	- -	1	1	1	1	1	2	2	2	2	2	- -	- -	- -
+ Additional Paid in Capital	274	296	605	1,036	1,813	1,829	2,824	3,946	4,416	4,228	4,208	4,214	693	449	316
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ Retained Earnings	-131	-84	25	93	246	494	-731	-1,711	-1,276	-845	-2,848	-4,473	-113	382	1,848
+ Other Equity	-18	-2	3	-3	-10	-27	-55	-53	-41	-56	-47	-43	-30	-2	-2
Equity Before Minority Interest	125	211	632	1,126	2,050	2,296	2,039	2,184	3,102	3,328	1,315	-300	607	881	2,206
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	125	211	632	1,126	2,050	2,296	2,039	2,184	3,102	3,328	1,315	-300	607	881	2,206
Total Liabilities & Equity	227	320	691	1,578	2,693	3,632	3,335	4,223	5,808	6,051	3,883	2,540	2,168	2,534	3,268
Shares Outstanding	43	45	56	68	85	86	108	159	183	163	160	161	21	19	18
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	57	- -	- -	27	14
Net Debt	51	49	-92	132	-160	574	833	318	1,939	2,035	1,973	164	710	687	665
Net Debt to Equity	40.55	23.43	-14.49	11.71	-7.79	25	40.87	14.56	62.53	61.16	150.05	-54.54	116.84	77.96	30.17
Tangible Common Equity Ratio	55.01	66.02	91.49	71.37	76.13	63.22	61.14	51.71	53.4	55	33.86	-11.83	25.34	32.7	66.15
Current Ratio	0.31	0.4	2.9	1.9	2.6	0.82	1.05	4.18	0.62	0.59	0.68	0.8	0.43	0.51	1.15
Cash Conversion Cycle	-144.28	36.16	38.43	-70.85	-214.39	-207.63	-162.01	-127.9	-156.37	-165.69	-114.24	-32.38	- -	-75.42	1.49
Number of Employees	40	45	50	128	118	203	230	241	331	350	298	256	212	223	226

Cash Flow Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	24	47	108	68	153	247	-1,225	-980	435	431	-2,002	-1,625	- -	495	1,471
+ Depreciation & Amortization	29	39	62	91	119	265	338	246	365	487	550	240	- -	268	320
+ Non-Cash Items	1	2	3	20	-101	-126	1,226	1,101	-168	-88	2,126	1,474	- -	-43	-1,096
+ Stock-Based Compensation	- -	- -	1	3	6	9	9	7	6	7	5	- -	- -	6	9
+ Deferred Income Taxes	- -	- -	- -	24	85	123	-254	18	2	1	-8	7	- -	- -	-525
+ Asset Impairment Charge	- -	- -	- -	1	- -	- -	1,440	715	- -	- -	2,040	1,357	- -	- -	- -
+ Other Non-Cash Adj	1	1	2	-8	-193	-258	31	360	-176	-96	89	110	- -	-49	-580
+ Chg in Non-Cash Work Cap	-1	-2	-15	20	20	23	-16	-29	48	-77	50	7	- -	19	29
+ (Inc) Dec in Accts Receiv	4	-6	-17	-28	-1	-42	32	-65	-45	-50	64	37	- -	-47	155
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-1	- -	- -	- -	-1	-1	- -	-4	-2	-6	6	-155	- -	5	- -
+ Inc (Dec) in Accts Payable	-4	5	2	51	29	74	-47	44	106	-24	-20	126	- -	60	-126
+ Inc (Dec) in Other	- -	-1	- -	-2	-7	-7	-1	-4	-11	3	1	-2	- -	1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	53	86	158	199	191	410	322	338	680	752	724	95	- -	739	723
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	18	- -	1	64	- -	4	28	46	6	5	49	51	- -	3	3
+ Disp of Fixed Prod Assets	18	- -	1	64	- -	4	28	46	6	5	49	51	- -	3	3
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-50	-102	-288	-758	-811	-1,336	-1,593	-758	-2,433	-873	-725	-367	- -	-461	-537
+ Acq of Fixed Prod Assets	-50	-102	-288	-758	-811	-1,336	-1,593	-758	-2,433	-873	-725	-367	- -	-461	-537
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-4	-1	-34	- -	193	258	- -	- -	-48	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	1	1	- -	193	258	- -	- -	7	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	-4	-1	-35	- -	- -	- -	- -	- -	-55	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	-1	-35	-147	-47	-64	-14	-26	-55	224	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	226	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	-1	-35	-147	-47	-64	-14	-26	-55	-2	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-4	-2	31	1	- -	1	5	-167	240	- -	2	2	- -	-1	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-39	-105	-323	-841	-664	-1,137	-1,574	-906	-2,289	-643	-675	-315	- -	-458	-537
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5	-5
+ Net Cash From Debt	-18	-1	-50	297	- -	417	250	645	453	44	-64	-166	- -	-19	-27
+ Cash From Debt	- -	52	48	455	- -	533	600	1,357	818	265	952	804	- -	2,063	971
+ Repayments of Debt	-18	-53	-98	-159	- -	-116	-350	-712	-365	-221	-1,016	-969	- -	-2,082	-998
+ Cash (Repurchase) of Equity	- -	22	307	427	766	1	982	1,111	-5	-200	-31	- -	- -	-250	-149
+ Increase in Capital Stock	- -	22	307	427	766	1	982	1,111	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	-5	-200	-31	- -	- -	-250	-149
+ Other Financing Activities	- -	-1	-1	-9	-1	-8	-9	-25	-14	-1	- -	469	- -	-2	-10
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-18	20	257	715	765	410	1,223	1,731	433	-157	-95	303	- -	-277	-191
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-4	1	91	73	292	-317	-29	1,163	-1,176	-47	-46	84	- -	4	-5
EBITDA	54	89	173	181	175	492	444	268	702	1,002	682	200	- -	1,811	559
EBITDA Margin (%)	62.84	69.86	75.59	72.69	66.68	73.28	62.61	47.79	63.41	67.8	59.99	24.94	- -	77.68	53.17
Net Cash Paid for Acquisitions	- -	1	35	147	47	64	14	26	55	-224	- -	- -	- -	- -	- -
Free Cash Flow	4	-16	-130	-559	-619	-926	-1,271	-420	-1,753	-121	-1	-272	- -	278	186
Free Cash Flow to Firm	6	-13	- -	-553	-609	-912	- -	- -	-1,645	- -	- -	- -	- -	338	- -
Free Cash Flow to Equity	4	-16	-178	-198	-619	-505	-993	270	-1,294	-71	-17	-387	58	252	149
Free Cash Flow per Basic Share	0.09	-0.37	-2.66	-9.99	-8.01	-10.84	-12.73	-3.42	-9.75	-0.69	-0.01	-1.7	- -	13.79	9.97
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.24	2.01
Cash Flow to Net Income	2.26	1.81	1.46	2.91	1.25	1.66	-0.26	-0.34	1.56	1.75	-0.36	-0.06	- -	1.49	0.49

Gulfport Energy Corporation

GPOR US

153.43