Gulfport Energy (GPOR) FY2016 results: revenue $386 million, down 45.6% on the year
Gulfport Energy Corp. (GPOR) reported revenue of $386 million for fiscal 2016, the year ended 31 December 2016, down 45.6% on the year before. Net income was -$980 million, and diluted earnings per share $-7.97. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2017.
Revenue
$386 million
-45.6% on the year
FY2009FY2016
Operating margin
-225.0%
-188.1% a year earlier
FY2009FY2016
Net income
-$980 million
FY2009FY2016
Diluted EPS
-$7.97
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
386
709
671
-45.6%
Operating income
-868
-1,334
226
Operating margin
-225.0%
-188.1%
33.6%
Interest expense
63.5
51.2
24.0
+24.0%
Pre-tax income
-983
-1,481
401
Income tax
-2.9
-256
153
Effective tax rate
n/a
n/a
38.3%
Net income
-980
-1,225
247
Net margin
-253.9%
-172.6%
36.9%
Diluted EPS
-$7.97
-$12.27
$2.88
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
338
322
410
+4.9%
Capital expenditure
33.2
13.6
7.0
+144.3%
Free cash flow
305
309
403
-1.3%
Free cash flow margin
79.0%
43.5%
60.0%
Cash from investing
-721
-1,574
-1,137
Cash from financing
1,731
1,223
410
+41.5%
Depreciation and amortisation
246
338
265
-27.2%
Share-based compensation
7.4
8.6
8.9
-14.7%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
123m
100m
86m
+23.2%
Shares outstanding at period end
159m
108m
86m
+46.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,184
2,039
2,296
+7.1%
Debt
1,621
952
702
+70.3%
Other liabilities
418
344
621
+21.5%
Total liabilities and equity
4,223
3,335
3,619
+26.6%
Fixed assets
2,351
2,628
2,891
-10.5%
Cash and equivalents
1,276
113
142
+1,029.4%
Receivables
137
71.9
104
+90.3%
Other assets
459
521
483
-11.9%
Total assets
4,223
3,335
3,619
+26.6%
10-K for the year ended 31 December 2016, filed 15 February 2017: the filing.