Gulfport Energy (GPOR) FY2014 results: revenue $671 million, up 155.5% on the year
Gulfport Energy Corp. (GPOR) reported revenue of $671 million for fiscal 2014, the year ended 31 December 2014, up 155.5% on the year before. Net income was $247 million, up 61.5%, and diluted earnings per share $2.88. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$671 million
+155.5% on the year
FY2009FY2014
Operating margin
33.6%
21.1% a year earlier
FY2009FY2014
Net income
$247 million
+61.5% on the year
FY2009FY2014
Diluted EPS
$2.88
+46.2% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
671
263
249
+155.5%
Operating income
226
55.5
97.3
+306.8%
Operating margin
33.6%
21.1%
39.1%
Interest expense
24.0
17.5
7.5
+37.1%
Pre-tax income
401
251
98.2
+59.5%
Income tax
153
98.1
26.4
+56.3%
Effective tax rate
38.3%
39.0%
26.8%
Net income
247
153
68.4
+61.5%
Net margin
36.9%
58.3%
27.5%
Diluted EPS
$2.88
$1.97
$1.21
+46.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
410
191
199
+114.5%
Capital expenditure
7.0
2.3
0.6
+202.8%
Free cash flow
403
189
199
+113.4%
Free cash flow margin
60.0%
71.8%
79.8%
Cash from investing
-1,137
-664
-841
Cash from financing
410
765
715
-46.4%
Depreciation and amortisation
265
119
90.7
+123.3%
Share-based compensation
8.9
6.3
2.8
+41.6%
Diluted shares, weighted
86m
78m
56m
+10.2%
Shares outstanding at period end
86m
85m
68m
+0.6%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
2,296
2,050
1,126
+12.0%
Debt
702
302
302
+132.4%
Other liabilities
621
341
150
+82.3%
Total liabilities and equity
3,619
2,693
1,578
+34.4%
Fixed assets
2,891
1,704
954
+69.7%
Cash and equivalents
142
459
167
-69.0%
Receivables
104
58.8
25.6
+76.6%
Other assets
483
472
432
+2.3%
Total assets
3,619
2,693
1,578
+34.4%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.