EX-99.2 3 0003.txt SUPPLEMENTAL INFORMATION EXHIBIT 99.2 POGO PRODUCING COMPANY -------------------------------------------------------------------------------- SUPPLEMENTAL INFORMATION (UNAUDITED)
QUARTER ENDED YEAR ENDED DECEMBER 31, DECEMBER 31, ($ IN 000'S, EXCEPT PER SHARE AMOUNTS) 2000 1999 2000 1999 ----------------------- ------------------------ REVENUES: Oil & Gas $151,033 $82,410 $479,202 $230,499 Pipeline sales and other 5,248 2,739 15,113 7,159 Gain (loss) on property sales 3,690 (45) 3,676 37,458 -------- ------- -------- -------- Total 159,971 85,104 497,991 275,116 -------- ------- -------- -------- OPERATING COSTS/EXPENSES: Lease Operating 24,501 22,011 93,640 69,936 G & A 8,001 8,875 34,568 29,865 Exploration 6,810 2,042 15,291 5,982 Dry hole and impairment 14,846 2,634 28,608 4,594 DD&A 34,623 29,599 131,151 104,266 Natural gas purchases 4,968 2,976 15,090 6,481 -------- ------- -------- -------- Total 93,749 68,137 318,348 221,124 -------- ------- -------- -------- OPERATING INCOME 66,222 16,967 179,643 53,992 -------- ------- -------- -------- INTEREST: Charges (8,604) (8,460) (34,064) (35,874) Income 1,381 310 2,634 1,208 Capitalized 5,758 4,296 20,918 17,733 -------- ------- -------- -------- Total interest expense (1,465) (3,854) (10,512) (16,933) -------- ------- -------- -------- Minority Interest in Subsidiary (2,497) (2,558) (9,965) (5,914) -------- ------- -------- -------- Foreign Currency Transaction Gain (Loss) (1,123) 2,177 (3,174) 572 -------- ------- -------- -------- Income before Income Taxes 61,137 12,732 155,992 31,717 -------- ------- -------- -------- Income Tax Expense (Benefit) 25,238 4,642 66,969 9,583 -------- ------- -------- -------- Income before change in accounting principle 35,899 8,090 89,023 22,134 -------- ------- -------- -------- Cum. effect of change in accounting principle 0 0 (1,768) 0 -------- ------- -------- -------- NET INCOME (LOSS) $ 35,899 $ 8,090 $ 87,255 $ 22,134 ======== ======= ======== ======== EARNINGS PER SHARE: Basic shares $0.88 $0.20 $2.16 $0.55 ======== ======= ======== ======== Diluted shares $0.76 $0.20 $1.95 $0.55 ======== ======= ======== ======== AVERAGE SHARES OUTSTANDING Basic shares 40,589 40,249 40,445 40,178 Diluted shares 50,461 40,452 50,155 40,390 DISCRETIONARY CASH FLOW: Net Income $ 35,899 $ 8,090 $ 89,023 $ 22,134 Undistributed Loss in Subsidiary 2,497 2,558 9,965 5,914 Foreign Currency Transaction Loss (Gain) 1,123 (2,177) 3,174 (572) DD&A 34,623 29,599 131,151 104,266 Deferred Taxes 21,795 (2,227) 63,496 (5,337) Dry hole and impairment 14,846 2,634 28,608 4,594 Exploration 6,810 2,042 15,291 5,982 Gains on sales (3,690) 45 (3,676) (37,458) Capitalized Interest (5,758) (4,296) (20,918) (17,733) -------- ------- -------- -------- Total $108,145 $36,268 $316,114 $ 81,790 ======== ======= ======== ======== Per Share $2.66 $0.90 $7.82 $2.04 ======== ======= ======== ========