Gulfport Energy (GPOR) FY2013 results: revenue $263 million, up 5.6% on the year
Gulfport Energy Corp. (GPOR) reported revenue of $263 million for fiscal 2013, the year ended 31 December 2013, up 5.6% on the year before. Net income was $153 million, up 124.1%, and diluted earnings per share $1.97. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$263 million
+5.6% on the year
FY2009FY2013
Operating margin
21.1%
39.1% a year earlier
FY2009FY2013
Net income
$153 million
+124.1% on the year
FY2009FY2013
Diluted EPS
$1.97
+62.8% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
263
249
229
+5.6%
Operating income
55.5
97.3
111
-43.0%
Operating margin
21.1%
39.1%
48.4%
Interest expense
17.5
7.5
1.4
+134.5%
Pre-tax income
251
98.2
108
+155.9%
Income tax
98.1
26.4
-0.1
+272.2%
Effective tax rate
39.0%
26.8%
-0.1%
Net income
153
68.4
108
+124.1%
Net margin
58.3%
27.5%
47.3%
Diluted EPS
$1.97
$1.21
$2.20
+62.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
191
199
158
-4.1%
Capital expenditure
2.3
0.6
0.4
+263.9%
Free cash flow
189
199
158
-4.9%
Free cash flow margin
71.8%
79.8%
68.8%
Cash from investing
-664
-841
-323
Cash from financing
765
715
257
+7.1%
Depreciation and amortisation
119
90.7
62.3
+31.0%
Share-based compensation
6.3
2.8
0.8
+123.9%
Diluted shares, weighted
78m
56m
49m
+38.0%
Shares outstanding at period end
85m
68m
56m
+26.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,050
1,126
632
+82.0%
Debt
302
302
2.3
-0.0%
Other liabilities
341
150
56.5
+127.5%
Total liabilities and equity
2,693
1,578
691
+70.6%
Fixed assets
1,704
954
469
+78.6%
Cash and equivalents
459
167
93.9
+174.7%
Receivables
58.8
25.6
28.0
+129.6%
Other assets
472
432
101
+9.3%
Total assets
2,693
1,578
691
+70.6%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.