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Quotes & Info
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| KWK > SEC Filings for KWK > Form 8-K on 25-Feb-2013 | All Recent SEC Filings |
25-Feb-2013
Results of Operations and Financial Condition
On February 25, 2013, we issued a press release reporting our operating and
financial results for the quarter and year ended December 31, 2012. A copy of
the press release is attached as Exhibit 99.1 and is incorporated herein by
reference. The information contained in this Item 2.02, including Exhibit 99.1
attached hereto, is being furnished to the Securities and Exchange Commission
and shall not be deemed "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of
that Section.
The press release contains a non-GAAP financial measure within the meaning of
Regulation G promulgated by the Securities and Exchange Commission. We presented
adjusted net income for all periods presented in the press release to exclude
the effect on net income of certain revenue, expense, gain and loss associated
with items not typically included in published estimates, in order to enhance
the user's overall understanding of our current financial performance. As part
of the press release, we provided a reconciliation of adjusted net income to net
income, which is the most comparable financial measure determined in accordance
with accounting principles generally accepted in the United States of America
("GAAP"). Our management believes this non-GAAP measure provides useful
information to both management and investors by excluding certain revenues and
expenses that may not be indicative of our core operating results, and will
enhance the ability of management and investors to compare our results of
operations from period to period.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description 99.1 Press Release dated February 25, 2013. |
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