GMX Resources, Inc.

(NASDAQ:GMXR)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	55,909	12,862	3,734	5,907
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	21,030	21,372	15,862	11,164
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	21,030	21,372	15,862	11,164
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	—	5,433	2,792	1,558
Inventories Adjustments and Allowances	—	—	—	—
Inventories	—	5,433	2,792	1,558
Prepaid Expenses	—	882	900	1,720
Current Deferred Income Taxes	—	8,591	—	—
Other Current Assets	4,750	—	—	—
Total Current Assets	81,689	49,140	23,288	20,349
Land and Improvements	—	465,837	398,975	381,708
Building and Improvements	—	—	—	1,606
Machinery Furniture and Equipment	—	—	—	32,929
Construction in Progress	—	—	—	—
Other Fixed Assets	624,041	61,923	66,998	—
Total Fixed Assets	624,041	527,760	465,973	416,243
Gross Fixed Assets	624,041	527,760	465,973	416,243
Accumulated Depreciation and Depletion	52,619	45,611	47,591	41,827
Net Fixed Assets	571,422	482,149	418,382	374,416
Intangibles	—	—	—	—
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	4,710	4,854	4,650	575
Total Non Current Assets	576,132	487,003	423,032	374,991
Total Assets	657,821	536,143	446,320	395,340
Liabilities
Current Liabilities
Accounts Payable	23,912	31,213	30,094	34,941
Notes Payable	—	—	—	—
Short Term Debt	125,098	125,101	104	4,321
Accrued Expenses	9,999	14,035	4,764	3,778
Accrued Liabilities	—	—	—	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	9,371	31,771	16,700	5,387
Total Current Liabilities	168,380	202,120	51,662	48,427
Non Current Liabilities
Long Term Debt	81,521	95,106	170,621	121,413
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	26,371	17,528	10,419	11,925
Other Non Current Liabilities	6,444	19,326	8,121	4,649
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	282,716	334,080	240,823	186,414
Total Liabilities	114,336	131,960	189,161	137,987
Shareholders' Equity
Preferred Stock Equity	2	2	2	2
Common Stock Equity	375,103	202,061	205,495	208,924
Common Par	19	17	17	13
Additional Paid in Capital	317,547	182,526	181,188	180,543
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	55,551	46,422	35,026	29,686
Treasury Stock	—	—	—	—
Other Equity Adjustments	1,986	-26,904	-10,736	-1,318
Total Capitalization	456,626	297,169	376,118	330,339
Cash Flow	—	48,035	36,676	30,941
Working Capital	-86,691	-152,980	-28,374	-28,078
Free Cash Flow	—	-83,668	-43,051	-147,178
Invested Capital	456,626	297,169	376,118	330,339
Total Equity	375,105	202,063	205,497	208,926
Total Liabilities and Stock Equity	657,821	536,143	446,320	395,340

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	5,907	4,960	2,392	863
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	11,164	5,830	4,263	1,597
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	11,164	5,830	4,263	1,597
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	1,558	373	247	204
Inventories Adjustments and Allowances	—	—	—	—
Inventories	1,558	373	247	204
Prepaid Expenses	1,720	1,285	10	108
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	—	1,176	—	—
Total Current Assets	20,349	13,624	6,913	2,773
Land and Improvements	381,708	174,175	68,920	42,453
Building and Improvements	1,606	—	—	—
Machinery Furniture and Equipment	32,929	43,097	—	—
Construction in Progress	—	—	—	—
Other Fixed Assets	—	—	17,045	3,515
Total Fixed Assets	416,243	217,272	85,965	45,968
Gross Fixed Assets	416,243	217,272	85,965	45,968
Accumulated Depreciation and Depletion	41,827	20,617	11,787	7,805
Net Fixed Assets	374,416	196,656	74,178	38,164
Intangibles	—	—	—	—
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	575	43	12	55
Total Non Current Assets	374,991	196,698	74,190	38,219
Total Assets	395,340	210,323	81,103	40,991
Liabilities
Current Liabilities
Accounts Payable	34,941	24,658	7,809	2,322
Notes Payable	—	—	—	—
Short Term Debt	4,321	251	5,446	434
Accrued Expenses	3,778	3,237	419	135
Accrued Liabilities	—	314	25	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	5,387	513	317	275
Total Current Liabilities	48,427	28,974	14,017	3,165
Non Current Liabilities
Long Term Debt	121,413	41,569	1,410	3,328
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	11,925	5,027	1,212	—
Other Non Current Liabilities	4,649	3,272	3,239	2,091
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	186,414	78,842	19,878	8,585
Total Liabilities	137,987	49,868	5,861	5,420
Shareholders' Equity
Preferred Stock Equity	2	2	—	—
Common Stock Equity	208,924	131,479	61,225	32,407
Common Par	13	11	10	8
Additional Paid in Capital	180,543	113,266	50,965	29,305
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	29,686	17,426	10,250	3,094
Treasury Stock	—	—	—	—
Other Equity Adjustments	-1,318	776	—	—
Total Capitalization	330,339	173,050	62,635	35,735
Cash Flow	30,941	15,252	11,138	3,812
Working Capital	-28,078	-15,350	-7,104	-392
Free Cash Flow	-147,178	-94,038	-23,226	-5,194
Invested Capital	330,339	173,050	62,635	35,735
Total Equity	208,926	131,481	61,225	32,407
Total Liabilities and Stock Equity	395,340	210,323	81,103	40,991