Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v2.4.0.8
Leases (Tables)
 12 Months Ended
Dec. 31, 2013
Leases [Abstract]  
Lesee's impact on total leased properties

 
As a Percentage of
 
 
Leased Properties
 
Lease Revenues

 
As of December 31, 2013
 
For the Year Ended December 31, 2013
 
For the One-Month Transition Period December 31, 2012
Pinedale LGS
 
94.23%
 
88.68%
 
75.20%
Public Service of New Mexico
 
5.77%
 
11.32%
 
24.80%
Future contracted minimum rental receipts for all net leases
The future contracted minimum rental receipts for all net leases as of December 31, 2013 are as follows:
Future Minimum Lease Receipts
Years Ending December 31,
 
Amount
2014
 
$
24,573,005

2015
 
20,000,000

2016
 
20,000,000

2017
 
20,000,000

2018
 
20,000,000

Thereafter
 
180,000,000

Total
 
$
284,573,005

Fair value of the future minimum lease payments and estimated costs
Ultra Petroleum Corp.
Summary Consolidated Balance Sheets
(in thousands)
 
December 31, 2013
 
December 31, 2012
 
 
Current assets
$
128,631

 
$
125,848

Non-current assets
2,656,688

 
1,881,497

Total Assets
$
2,785,319

 
$
2,007,345

 
 
 
 
Current liabilities
407,476

 
514,092

Non-current liabilities
2,709,333

 
2,071,120

Total Liabilities
$
3,116,809

 
$
2,585,212

 
 
 
 
Shareholder's (deficit)
(331,490
)
 
(577,867
)
Total Liabilities and Shareholder's Equity
$
2,785,319

 
$
2,007,345

 
 
 
 

Ultra Petroleum Corp.
Summary Consolidated Statements of Operations
(in thousands)
 
For the Years Ended December 31,
 
2013
 
2012
Revenues
$
933,404

 
$
809,974

Expenses
561,138

 
3,655,252

Operating Income (Loss)
372,266

 
(2,845,278
)
Other Income (Expense), net
(138,044
)
 
(31,833
)
Income (Loss) before income tax provision (benefit)
234,222

 
(2,877,111
)
Income tax provision (benefit)
(3,616
)
 
(700,213
)
Net Income (Loss)
$
237,838

 
$
(2,176,898
)