Attached files

file filename
8-K - FORM 8-K - ENDEAVOUR INTERNATIONAL CORPh69239e8vk.htm
EX-23.1 - EX-23.1 - ENDEAVOUR INTERNATIONAL CORPh69239exv23w1.htm
EX-99.3 - EX-99.3 - ENDEAVOUR INTERNATIONAL CORPh69239exv99w3.htm
EX-99.2 - EX-99.2 - ENDEAVOUR INTERNATIONAL CORPh69239exv99w2.htm
Exhibit 99.1
Item 6. Selected Financial Data
The following table sets forth some of our historical consolidated financial data. The following data should be read in conjunction with “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Consolidated Financial Statements and Notes thereto included in Item 8. The selected consolidated financial data provided below are not necessarily indicative of our future results of operations or financial performance.
                                         
Selected Financial Data (1)
(Amounts in thousands, except per share data)   Year Ended December 31,
    2008   2007   2006   2005   2004
 
Summary Income Statement Data:                        
Revenues
  $ 170,781     $ 135,876     $ 24,881     $     $ 8  
Operating Profit (Loss)
    18,236       23,778       (11,516 )     (43,281 )     (15,741 )
Net Income (Loss) to Common Shareholders
    45,681       (60,315 )     (8,829 )     (31,531 )     (23,797 )
 
                                       
Net Income (Loss) Per Common Share - Basic:                        
Continuing Operations
  $ 0.12     $ (0.50 )   $ (0.08 )   $ (0.50 )   $ (0.36 )
Discontinued Operations
    0.24       0.01       (0.02 )     0.08       (0.01 )
 
Total
  $ 0.36     $ (0.49 )   $ (0.10 )   $ (0.42 )   $ (0.37 )
 
 
                                       
Net Income (Loss) Per Common Share - Diluted:                        
Continuing Operations
  $ 0.15     $ (0.50 )   $ (0.08 )   $ (0.50 )   $ (0.36 )
Discontinued Operations
    0.17       0.01       (0.02 )     0.08       (0.01 )
 
Total
  $ 0.32     $ (0.49 )   $ (0.10 )   $ (0.42 )   $ (0.37 )
 
 
                                       
Summary Balance Sheet Data:                        
Working Capital
  $ 22,902     $ 37,198     $ 47,431     $ 49,638     $ 4,699  
Total Assets
    737,470       747,623       774,470       186,966       101,737  
Debt
    227,855       266,250       306,250       81,250       2,150  
Convertible Preferred Stock
    125,000       125,000       125,000              
Equity
    117,971       70,149       116,828       40,344       56,972  
 
(1)   Includes the following:
    acquisition of Talisman Expro Limited in November 2006;
    acquisition of working interests in the Enoch and Bacchus prospects in 2006;
    disposition of Thailand assets in 2005;
    acquisition of Norwegian assets in November 2004 and January 2005;
    disposition of all U.S. assets in 2004;
    acquisition of NSNV, Inc. in 2004; and
    unrealized gains (losses) on derivatives of $76.7 million, $(89.1) million and $34.5 million in 2008, 2007 and 2006, respectively.
    We completed the divestiture of our Norwegian subsidiary on May 14, 2009. The results of operations and financial position of this subsidiary are classified as discontinued operations for all periods presented.
 
    Information regarding each of these transactions is included in the notes to the Consolidated Financial Statements.