| Address:
|
ONE BENHAM PLACE
SUITE 600 |
| City: |
OKLAHOMA CITY |
|
State: |
OK |
|
Zip Code: |
73114 |
| Telephone: |
405-600-0711 |
|
Description of Business
|
Primary SIC Code:
1311 |
| (As filed with the SEC)
|
|
|
GMX Resources Inc. ("GMX") and its subsidiaries (collectively, the "Company") is
an independent oil and natural gas exploration and production company
historically focused on the development of the Cotton Valley group of
formations, specifically the Cotton Valley Sands layer in the Schuler formation
and the Upper Bossier, Middle Bossier and Haynesville/Lower Bossier layers of
the Bossier formation (the "Haynesville/Bossier Shale") in the Sabine Uplift of
the Carthage, North Field of Harrison and Panola counties of East Texas (our
"core area").
We were incorporated in 1998 and acquired producing and undeveloped oil and
natural gas properties located primarily in our core area, Kansas, and
southeastern New Mexico from a bankruptcy liquidation of a small, privately-held
company. We have leased additional undeveloped acreage and drilled wells in our
core area since 1998. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | -7.98 | NA | N/E | | 06/2011 | -6.64 | 0.578 | N/E | | 03/2011 | -6.61 | NA | N/E | | 12/2010 | -5.18 | NA | N/E | | 09/2010 | -1.54 | NA | N/E | | 06/2010 | -1.11 | NA | N/E | | 03/2010 | -0.36 | NA | N/E | | 12/2009 | -9.17 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.27 | Total Liab/Total Assets | 0.77 | | Net Inc/Total Assets | -0.28 | Total Liab/Inv Cap | 0.89 | | Net Inc/Inv Cap | -0.32 | Total Liab/Comm Equity | 0.73 | | Pretax Inc/Net Sales | -1.48 | Interest Coverage Ratio | -6.65 | | Net Inc/Net Sales | -1.46 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.61 | LTD/Equity | 2.45 | | SG&A/NetSales | 0.29 | Total Debt/Equity | 2.45 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 8.49 | Quick Ratio | 1.00 | | Inventory Turnover | 32.67 | Current Ratio | 1.01 | | Inventory Day Sales | 0.09 | Net Rec/Curr Assets | 0.18 | | Net Sales/Work Cap | 168.45 | Inv/Curr Assets | 0.00 | | Net Sales/PP&E | 0.23 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
28.39
|
32.86
|
29.38
|
27.18
|
|
Cost of Goods Sold
|
3.23
|
2.84
|
2.90
|
2.51
|
|
Selling & Admin Exps
|
7.91
|
7.77
|
7.46
|
7.36
|
|
Operating Income
|
-59.29
|
-7.91
|
-42.09
|
-139.76
|
|
Interest Exp
|
7.68
|
7.83
|
8.02
|
4.96
|
|
Pretax Income
|
-68.30
|
-10.36
|
-50.40
|
-144.76
|
|
Other Income
|
-1.33
|
5.38
|
-0.28
|
-0.04
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-67.09
|
-13.55
|
-53.24
|
-147.88
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
3.23
|
4.88
|
77.64
|
2.36
|
|
Receivables - Total
|
11.04
|
12.80
|
10.56
|
12.17
|
|
Inventories - Total
|
0.33
|
0.33
|
0.33
|
0.33
|
|
Total Current Assets
|
47.88
|
57.75
|
135.70
|
66.72
|
|
Net Property, Plant & Equipment
|
508.47
|
550.30
|
445.79
|
416.80
|
|
Total Assets
|
575.98
|
634.10
|
606.61
|
507.09
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
50.40
|
67.87
|
57.35
|
66.12
|
|
Debt in Current Liabilities
|
0.03
|
0.03
|
0.03
|
0.03
|
|
Total Current Liabilities
|
50.43
|
67.90
|
57.37
|
66.15
|
|
Long-Term Debt
|
372.79
|
341.33
|
340.23
|
284.94
|
|
Total Liabilities
|
446.12
|
440.79
|
432.99
|
390.67
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
13.46
|
18.53
|
19.89
|
21.80
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.06
|
0.06
|
0.06
|
0.03
|
|
Retained Earnings
|
-569.55
|
-500.62
|
-485.23
|
-430.78
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
129.87
|
193.30
|
173.61
|
116.42
|
|
Total Liabilities and Stockholders' Equity
|
575.98
|
634.10
|
606.61
|
507.09
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
10.46
|
21.08
|
16.55
|
17.76
|
|
Net Cash Provided by Investing Activities
|
-33.68
|
-107.53
|
-84.73
|
-44.32
|
|
Net Cash Provided by Financing Activities
|
21.58
|
13.69
|
143.47
|
24.84
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 32.03 | 8.97 | 0.64 | | 12/2007 | 68.11 | 16.89 | 0.93 | | 12/2008 | 125.74 | -81.71 | -5.66 | | 12/2009 | 94.29 | -181.26 | -9.17 | | 12/2010 | 96.52 | -141.41 | -5.18 | | Growth Rates | 31.75 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 107 | 21,438 | 35.46 |
|
Report Date :
1/30/2012
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