The historical financial information of Forest set forth below has been derived from the historical unaudited consolidated financial statements of Forest and the Quarterly Report that will be filed on Form 10-Q for the quarter ended June 30, 2011.
|FOREST OIL CORPORATION Pro Forma Statements of Operations (Unaudited)|
|Pro Forma Forest Remainco||Total Company|
|Three Months Ended June 30,|
|(In thousands, except per share amounts)|
|Oil, gas, and NGL sales||$||186,593||$||169,699||$||237,848||$||207,954|
|Interest and other||278||138||286||141|
|Costs, expenses, and other:|
|Lease operating expenses||23,483||22,479||32,463||28,422|
|Production and property taxes||12,655||11,862||13,278||12,487|
|Transportation and processing costs||3,415||3,271||7,805||6,020|
|General and administrative (including stock-based compensation of $3,057, $5,078, $2,961, and $5,457, respectively)||13,153||15,755||15,737||17,781|
|Depreciation, depletion, and amortization||52,360||46,072||73,322||62,446|
|Realized and unrealized gains on derivative instruments, net||(40,917||)||(25,031||)||(46,047||)||(25,031||)|
|Total costs, expenses, and other||109,500||113,022||147,452||153,783|
|Earnings before income taxes||77,371||56,815||90,682||54,312|
|Income tax expense||43,986||20,684||51,708||21,058|
|Less: net earnings attributable to noncontrolling interest||-||-||64||-|
|Net earnings attributable to Forest Oil Corporation||$||33,385||$||36,131||$||38,910||$||33,254|
|Weighted average number of common shares outstanding:|
|Basic earnings per common share attributable to Forest Oil Corporation||$||0.29||$||0.32||$||0.34||$||0.29|
|Diluted earnings per common share attributable to Forest Oil Corporation||$||0.29||$||0.32||$||0.34||$||0.29|
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