Gulfport Energy (GPOR) FY2019 results: revenue $1.6 billion, up 0.7% on the year
Gulfport Energy Corp. (GPOR) reported revenue of $1.6 billion for fiscal 2019, the year ended 31 December 2019, up 0.7% on the year before. Net income was -$2.0 billion, and diluted earnings per share $-12.49. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$1.6 billion
+0.7% on the year
FY2012FY2019
Operating margin
-109.0%
25.7% a year earlier
FY2012FY2019
Net income
-$2.0 billion
FY2012FY2019
Diluted EPS
-$12.49
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,563
1,552
1,320
+0.7%
Cost of revenue
509
487
n/a
+4.5%
Gross profit
1,054
1,065
n/a
-1.0%
Gross margin
67.4%
68.6%
n/a
Operating income
-1,704
399
556
Operating margin
-109.0%
25.7%
42.1%
Interest expense
142
142
116
-0.1%
Pre-tax income
-2,010
430
437
Income tax
-7.6
-0.1
1.8
Effective tax rate
n/a
-0.0%
0.4%
Net income
-2,002
431
435
Net margin
-128.1%
27.7%
33.0%
Diluted EPS
-$12.49
$2.45
$2.41
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
724
786
680
-7.9%
Capital expenditure
5.0
7.9
19.4
-36.2%
Free cash flow
719
778
661
-7.6%
Free cash flow margin
46.0%
50.2%
50.0%
Cash from investing
-675
-677
-2,474
Cash from financing
-95.5
-157
433
Depreciation and amortisation
550
487
365
+13.0%
Share-based compensation
4.9
6.8
6.4
-27.8%
Buybacks
30.0
200
0.0
-85.0%
Diluted shares, weighted
160m
175m
180m
-8.6%
Shares outstanding at period end
160m
163m
183m
-2.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,315
3,328
3,102
-60.5%
Debt
1,979
2,118
2,074
-6.6%
Operating lease liabilities
0.3
0.0
n/a
Other liabilities
589
605
632
-2.6%
Total liabilities and equity
3,883
6,051
5,808
-35.8%
Fixed assets
3,464
5,479
5,102
-36.8%
Cash and equivalents
6.1
52.3
99.6
-88.4%
Receivables
121
210
147
-42.3%
Other assets
292
309
459
-5.6%
Total assets
3,883
6,051
5,808
-35.8%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.