Gulfport Energy (GPOR) FY2020 results: revenue $867 million, down 44.6% on the year
Gulfport Energy Corp. (GPOR) reported revenue of $867 million for fiscal 2020, the year ended 31 December 2020, down 44.6% on the year before. Net income was -$1.6 billion, and diluted earnings per share $-10.14. The figures are the company's own, from the 10-K it filed with the SEC on 5 March 2021.
Revenue
$867 million
-44.6% on the year
FY2013FY2020
Operating margin
-157.2%
-109.0% a year earlier
FY2013FY2020
Net income
-$1.6 billion
FY2013FY2020
Diluted EPS
-$10.14
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
867
1,563
1,552
-44.6%
Cost of revenue
456
509
487
-10.3%
Gross profit
410
1,054
1,065
-61.1%
Gross margin
47.3%
67.4%
68.6%
Operating income
-1,363
-1,704
399
Operating margin
-157.2%
-109.0%
25.7%
Interest expense
120
142
142
-15.3%
Pre-tax income
-1,618
-2,010
430
Income tax
7.3
-7.6
-0.1
Effective tax rate
n/a
n/a
-0.0%
Net income
-1,625
-2,002
431
Net margin
-187.5%
-128.1%
27.7%
Diluted EPS
-$10.14
-$12.49
$2.45
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
95.3
724
786
-86.8%
Capital expenditure
n/a
5.0
7.9
Free cash flow
n/a
719
778
Free cash flow margin
n/a
46.0%
50.2%
Cash from investing
-315
-675
-677
Cash from financing
303
-95.5
-157
Depreciation and amortisation
240
550
487
-56.4%
Share-based compensation
16.3
4.9
6.8
+231.9%
Buybacks
0.0
30.0
200
Diluted shares, weighted
160m
160m
175m
-0.1%
Shares outstanding at period end
161m
160m
163m
+0.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
-300
1,315
3,328
Debt
2,259
1,979
2,118
+14.2%
Operating lease liabilities
0.0
0.3
0.0
Other liabilities
581
589
605
-1.3%
Total liabilities and equity
2,540
3,883
6,051
-34.6%
Fixed assets
2,086
3,464
5,479
-39.8%
Cash and equivalents
89.9
6.1
52.3
+1,382.9%
Receivables
120
121
210
-1.1%
Other assets
244
292
309
-16.4%
Total assets
2,540
3,883
6,051
-34.6%
10-K for the year ended 31 December 2020, filed 5 March 2021: the filing.