EX-99.2 3 a05-7190_1ex99d2.htm EX-99.2

 

Exhibit 99.2

Pogo Producing Company

Supplemental  Information (Unaudited) *

 

 

 

Three Months

 

Financial Data

 

March 31,

 

(Data in $ thousands, except per share amounts)

 

2005

 

2004

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

Oil and Gas

 

355,700

 

307,327

 

Other

 

13,090

 

555

 

Total

 

368,790

 

307,882

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

Lease Operating

 

40,249

 

34,875

 

General & Administrative

 

20,727

 

17,232

 

Exploration

 

11,285

 

8,471

 

Dry hole and impairment

 

47,403

 

11,623

 

Depreciation, depletion and amortization

 

100,645

 

87,339

 

Production and other taxes

 

21,799

 

9,538

 

Transportation and other

 

6,296

 

5,125

 

Total

 

248,404

 

174,203

 

 

 

 

 

 

 

Operating Income

 

120,386

 

133,679

 

 

 

 

 

 

 

Interest:

 

 

 

 

 

Charges

 

(10,211

)

(9,444

)

Income

 

1,210

 

452

 

Capitalized

 

2,197

 

4,548

 

Total Interest Expense

 

(6,804

)

(4,444

)

 

 

 

 

 

 

Loss on Debt Extinguishment

 

 

 

 

 

 

 

 

 

Foreign Currency Transaction Gain (Loss)

 

179

 

(44

)

 

 

 

 

 

 

Income Before Income Taxes

 

113,761

 

129,191

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

54,525

 

57,551

 

 

 

 

 

 

 

Net Income

 

59,236

 

71,640

 

 

 

 

 

 

 

Basic earnings per share

 

0.93

 

1.13

 

 

 

 

 

 

 

Diluted earnings per share

 

0.93

 

1.12

 

 

 

 

 

 

 

Weighted Average Number of Common Shares and Potential Common Shares Outstanding:

 

 

 

 

 

Basic shares

 

63,506

 

63,668

 

Diluted shares

 

64,067

 

64,213

 

 

 

 

 

 

 

Discretionary Cash Flow:

 

 

 

 

 

Net Income

 

59,236

 

71,640

 

Depreciation, depletion and amortization

 

100,645

 

87,339

 

Deferred Taxes

 

882

 

1,439

 

Dry Hole and Impairment

 

47,403

 

11,623

 

Exploration

 

11,285

 

8,471

 

(Gains) Losses on Property Sales

 

(250

)

(228

)

Capitalized Interest

 

(2,197

)

(4,548

)

Other Noncash

 

4,156

 

2,041

 

Total

 

221,160

 

177,777

 

 


* Supplemental Information should be read in conjunction with Pogo’s Quarterly Earnings Release