Exhibit 99.2
GULFPORT ENERGY CORPORATION
未经审计的预估合并财务信息
为了说明格尔夫波特公司(或我们的)的影响,现提供以下未经审计的形式合并财务信息。 从维特鲁威购买石油和天然气资产,现金和我们普通股的股份将在收购中发行给维特鲁威. 截至12月31日未经审计的形式资产负债表, 2016年体育平台是基于我们的历史财务报表 of December 31, 2016年12月31日生效后,将该交易视为发生在12月31日, 2016. 截至12月31日的财政年度未经审计的预估经营报表, 2016年体育平台是基于历史财务 在交易生效后的这段期间内的报表,就好像该交易发生在1月1日一样, 2016. 未经审计的预估财务信息应与我们的历史合并财务报表和 本公司根据1934年证券交易法向美国证券交易委员会提交的报告中所包含的相关说明, as amended.
The preparation of the 未经审计的形式合并财务资料体育平台是根据按照美利坚合众国普遍接受的会计原则编制的财务报表编制的. 这些原则要求使用影响的估计 资产、负债、收入和费用的报告金额. 实际结果可能与这些估计不同.
The unaudited pro 格式合并财务信息仅供说明之用,并不代表本公司的实际经营结果或本公司的财务状况 日期假设,也不体育平台是我们未来经营业绩或财务状况的指示. 随附的未经审计的合并财务信息中反映的形式调整反映了我们的估计和假设 management believes to be reasonable.
GULFPORT ENERGY CORPORATION
未经审计的形式合并资产负债表
At December 31, 2016
Pro | ||||||||||||||||
Gulfport | Vitruvian | Forma | Gulfport | |||||||||||||
Historical | Historical | Adjustments | Combined | |||||||||||||
(in thousands) |
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Assets | ||||||||||||||||
Current assets: |
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Cash and cash equivalents |
$ | 1,275,875 | $ | 2,632 | $ | (1,171,725 | ) (1), (2) | $ | 106,782 | |||||||
Restricted cash |
185,000 | — | (185,000 | ) (2) | — | |||||||||||
Accounts receivable - oil and gas |
136,761 | 38,304 | (38,304 | ) (1) | 136,761 | |||||||||||
Accounts receivable - related parties |
16 | 2,187 | (2,187 | ) (1) | 16 | |||||||||||
Prepaid expenses and other current assets |
7,639 | 12,834 | (12,834 | ) (1) | 7,639 | |||||||||||
Short-term derivative instruments |
3,488 | 2,275 | (2,275 | ) (1) | 3,488 | |||||||||||
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Total current assets |
1,608,779 | 58,232 | (1,412,325 | ) | 254,686 | |||||||||||
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Property and equipment: |
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石油和天然气资产,全成本会计:1,580,305美元、368,238美元和3,058,815美元 分别从报告摊销和预估调整摊销中扣除 |
6,071,920 | 1,252,966 | 569,524 | (2) | 7,894,410 | |||||||||||
Other property and equipment |
68,986 | 17,199 | (17,199 | ) (1) | 68,986 | |||||||||||
累积损耗、折旧、摊销及减值 |
(3,789,780 | ) | (498,256 | ) | 498,256 | (1) | (3,789,780 | ) | ||||||||
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Property and equipment, net |
2,351,126 | 771,909 | 1,050,581 | 4,173,616 | ||||||||||||
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Other assets |
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Equity investments |
243,920 | — | — | 243,920 | ||||||||||||
Deferred financing costs |
— | 1,386 | (1,386 | ) (1) | — | |||||||||||
Long-term derivative instruments |
5,696 | — | — | 5,696 | ||||||||||||
Deferred tax asset |
4,692 | — | — | 4,692 | ||||||||||||
Other assets |
8,932 | 28 | (28 | ) (1) | 8,932 | |||||||||||
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Total other assets |
263,240 | 1,414 | (1,414 | ) | 263,240 | |||||||||||
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Total assets |
$ | 4,223,145 | $ | 831,555 | $ | (363,158 | ) | $ | 4,691,542 | |||||||
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Liabilities and Stockholders’ Equity | ||||||||||||||||
Current liabilities: |
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Accounts payable and accrued liabilities |
$ | 265,124 | $ | 69,637 | $ | (69,637 | ) (1) | $ | 265,124 | |||||||
Asset retirement obligation - current |
195 | — | — | 195 | ||||||||||||
Short-term derivative instruments |
119,219 | 15,384 | (15,384 | ) (1) | 119,219 | |||||||||||
Current maturities of long-term debt |
276 | 221,500 | (221,500 | ) (1) | 276 | |||||||||||
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Total current liabilities |
384,814 | 306,521 | (306,521 | ) | 384,814 | |||||||||||
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Long-term derivative instrument |
26,759 | 6,443 | (6,443 | ) (1) | 26,759 | |||||||||||
Asset retirement obligation - long-term |
34,081 | 6,647 | (2,889 | ) (1), (2) | 37,839 | |||||||||||
Long-term debt, net of current maturities |
1,593,599 | 98,731 | (98,731 | ) (1) | 1,593,599 | |||||||||||
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Total liabilities |
2,039,253 | 418,342 | (414,584 | ) | 2,043,011 | |||||||||||
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Commitments and contingencies |
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Preferred stock, $.01 par value |
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Stockholders’ equity: |
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Common stock - $.01 par value |
1,588 | — | 239 | (2) | 1,827 | |||||||||||
Paid-in capital |
3,946,442 | — | 464,400 | (2) | 4,410,842 | |||||||||||
Accumulated other comprehensive loss |
(53,058 | ) | — | — | (53,058 | ) | ||||||||||
Retained (deficit) earnings |
(1,711,080 | ) | 413,213 | (413,213 | ) (1) | (1,711,080 | ) | |||||||||
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Total stockholders’ equity |
2,183,892 | 413,213 | 51,426 | 2,648,531 | ||||||||||||
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Total liabilities and stockholders’ equity |
$ | 4,223,145 | $ | 831,555 | $ | (363,158 | ) | $ | 4,691,542 | |||||||
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GULFPORT ENERGY CORPORATION
未经审计的形式合并经营报表
YEAR ENDED DECEMBER 31, 2016
Vitruvian | ||||||||||||||||
Gulfport | Vitruvian | Acquisition | ||||||||||||||
Historical | Historical | Adjustments | Pro Forma | |||||||||||||
(in thousands) | ||||||||||||||||
Revenues: |
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Gas sales |
$ | 420,128 | $ | 96,741 | $ | — | $ | 516,869 | ||||||||
Oil and condensate sales |
81,173 | 49,585 | — | 130,758 | ||||||||||||
Natural gas liquids sales |
59,115 | 29,070 | — | 88,185 | ||||||||||||
Net loss on gas, oil and NGL derivatives |
(174,506 | ) | — | (38,209 | ) (3) | (212,715 | ) | |||||||||
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385,910 | 175,396 | (38,209 | ) | 523,097 | ||||||||||||
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Costs and expenses: |
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Lease operating expenses |
68,877 | 6,819 | — | 75,696 | ||||||||||||
Production taxes |
13,276 | 3,055 | — | 16,331 | ||||||||||||
Midstream gathering and processing |
165,972 | 42,042 | — | 208,014 | ||||||||||||
Depreciation, depletion, and amortization |
245,974 | 64,751 | 34,396 | (4) | 345,121 | |||||||||||
Impairment of oil and gas properties |
715,495 | 190,532 | — | 906,027 | ||||||||||||
General and administrative |
43,409 | 17,553 | (13,188 | ) (5) | 47,774 | |||||||||||
Accretion expense |
1,057 | — | 337 | (6) | 1,394 | |||||||||||
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1,254,060 | 324,752 | 21,545 | 1,600,357 | |||||||||||||
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LOSS FROM OPERATIONS: |
(868,150 | ) | (149,356 | ) | (59,754 | ) | (1,077,260 | ) | ||||||||
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OTHER (INCOME) EXPENSE: |
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Interest expense |
63,530 | — | — | 63,530 | ||||||||||||
Interest income |
(1,230 | ) | — | — | (1,230 | ) | ||||||||||
Insurance proceeds |
(5,718 | ) | — | — | (5,718 | ) | ||||||||||
Loss on debt extinguishment |
23,776 | — | — | 23,776 | ||||||||||||
Gain Loss on derivative contracts, net |
— | 38,209 | (38,209 | ) (3) | — | |||||||||||
Loss from equity method investments |
33,985 | — | — | 33,985 | ||||||||||||
Loss on sale of assets |
— | 85 | — | 85 | ||||||||||||
Other expense |
129 | — | — | 129 | ||||||||||||
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114,472 | 38,294 | (38,209 | ) | 114,557 | ||||||||||||
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LOSS BEFORE INCOME TAXES |
(982,622 | ) | (187,650 | ) | (21,545 | ) | (1,191,817 | ) | ||||||||
INCOME TAX (BENEFIT) EXPENSE |
(2,913 | ) | 49 | 1,528 | (7) | (1,336 | ) | |||||||||
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NET LOSS |
$ | (979,709 | ) | $ | (187,699 | ) | $ | (23,073 | ) | $ | (1,190,481 | ) | ||||
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NET LOSS PER COMMON SHARE: |
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Basic |
$ | (7.97 | ) | $ | (8.11 | ) | ||||||||||
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Diluted |
$ | (7.97 | ) | $ | (8.11 | ) | ||||||||||
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加权平均普通股流通股-基本 |
122,952,866 | 23,852,117 | 146,804,983 | |||||||||||||
加权平均普通股流通股-稀释 |
122,952,866 | 23,852,117 | 146,804,983 |
Notes:
(1) | 这些调整反映了某些资产和负债的消除,这些资产和负债不属于维特鲁威收购中所获得的资产或承担的负债的一部分. |
(2) | 维特鲁威收购符合会计目的的企业合并, as such, 本公司于2月17日估计收购物业的公允价值, 2017 acquisition date. The 在维特鲁威收购完成之日转让的对价的公允价值在以下初步购买价格分配中分配: |
(In thousands) | ||||
Consideration: |
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Cash |
$ | 1,354,093 | ||
Gulfport已发行普通股的公允价值(i) |
464,639 | |||
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Total Consideration |
$ | 1,818,732 | ||
获得的资产和承担的负债的公允价值估计: |
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Oil and natural gas properties |
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Proved properties |
$ | 341,144 | ||
Unproved properties |
1,481,346 | |||
Asset retirement obligations |
(3,758 | ) | ||
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$ | 1,818,732 |
(i) | 23,852,117股Gulfport普通股,每股19美元.每股48美元(2017年2月17日收盘价) |
在完成对维特鲁威的收购后,公司转让了1美元.350亿美元的现金,可以做一些调整,还有 approximately 23.持有900万股公司普通股(其中约500万股).200万股受赔偿托管). 购买价格对价的价值可能会因最终确定而发生变化 调整收购价格,并最终确定公司对收购资产和承担负债的估值.
The initial purchase price of $1.850亿美元包括1美元的现金对价.350亿美元和500美元的股权.以每股20美元的发行价计算,该公司将持有2亿股(23,852,117股)Gulfport普通股.96 on December 15, 2016). The decrease 格尔夫波特普通股的价格从20美元下调.96 on December 15, 2016 to $19.48 on February 17, 2017年,支付的总对价的公允价值减少了约35美元.3 million, which resulted in a 交割日公允价值低于初始购买价.
(3) | 以下已对维特鲁威历史金额的列报进行调整,以符合公司的列报. |
a. Reclassification of $38,209 of loss on derivative contracts, net to net loss on gas, oil and NGL derivatives.
(4) | 调整与获得的油气资产相关的历史损耗费用. 预估调整包括将收购的石油和天然气资产调整至其截至年的公允价值 取得日期和采用全额成本法核算. |
(5) | 反映未取得的历史一般费用和行政费用的调整. |
(6) | 调整与获得的油气资产相关的历史增量费用. |
(7) | 调整已收购油气资产的历史所得税费用. |