Gulfport Energy Corporation (GPOR) financial statements (2021 and earlier)

Company profile

Business Address 14313 NORTH MAY AVENUE
OKLAHOMA CITY, OK 73134
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments906521001,276113142
Cash and cash equivalents906521001,276113142
Restricted cash and investments    185  
Receivables13216923318213772104
Derivative instruments and hedges, assets271262179314378
Other undisclosed current assets1614115844
Total current assets:4103063173661,609332328
Noncurrent Assets
Inventory, Noncurrent 558   
Operating lease, right-of-use asset014
Property, plant and equipment2,0863,4645,4795,1022,3512,6282,891
Long-term investments and receivables2532236302244242370
Long-term investments2532236302244242370
Derivative instruments and hedges01 965124
Deferred income tax assets 8
Other noncurrent assets181014209619
Deferred tax assets, net    (230)
Other undisclosed noncurrent assets 43 1575230
Total noncurrent assets:2,1303,5775,7345,4422,6143,0033,304
TOTAL ASSETS:2,5403,8836,0515,8084,2233,3353,632
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:245415518554265265371
Other undisclosed accounts payable and accrued liabilities245415518554265265371
Debt2541411000
Derivative instruments and hedges, liabilities12020331190 
Asset retirement obligation   0000
Deferred tax liabilities   5127
Other undisclosed current liabilities 21     
Total current liabilities:510451539587385317399
Noncurrent Liabilities
Long-term debt and lease obligation 1,9782,0872,0381,594946716
Long-term debt, excluding current maturities 1,9782,0872,0381,594946716
Operating lease, liability 0
Liabilities, other than long-term debt371179481613318
Asset retirement obligations 608075342618
Deferred income tax liabilities 3
Other liabilities   3   
Derivative instruments and hedges, liabilities3753143277 
Other undisclosed noncurrent liabilities 223   203
Total noncurrent liabilities:372,1172,1842,1191,654979937
Other undisclosed liabilities2,293      
Total liabilities:2,8402,5682,7232,7062,0391,2961,336
Stockholders' equity
Stockholders' equity attributable to parent(301)1,3153,3283,1022,1842,0392,296
Common stock2222211
Additional paid in capital4,2144,2084,2284,4163,9462,8241,829
Accumulated other comprehensive loss(43)(47)(56)(41)(53)(55)(27)
Retained earnings (accumulated deficit)(4,473)(2,848)(845)(1,276)(1,711)(731)494
Total stockholders' equity:(301)1,3153,3283,1022,1842,0392,296
TOTAL LIABILITIES AND EQUITY:2,5403,8836,0515,8084,2233,3353,632

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8671,3461,3551,320386709671
Cost of revenue(456)(954) (80)(166)(69)(117)
Cost of goods and services sold   (80)(166)(69)(117)
Gross profit:4103931,3551,240220640555
Operating expenses(1,450)(2,096)(963)(772)(1,254)(2,044)(445)
Other undisclosed operating income (loss)(322)  8016669117
Operating income (loss):(1,363)(1,704)392548(868)(1,334)226
Nonoperating income (expense)(255)(306)38(111)(114)(147)175
Investment income, nonoperating011251110
Interest and debt expense5049(135)(108)(24)(51)(24)
Income (loss) from continuing operations before equity method investments, income taxes:(1,568)(1,961)295329(1,006)(1,532)377
Income from equity method investments      139
Other undisclosed income (loss) from continuing operations before income taxes(50)(49)1351082451(115)
Income (loss) from continuing operations before income taxes:(1,618)(2,010)430437(983)(1,481)401
Income tax expense (benefit)(7)80(2)3256(153)
Net income (loss) available to common stockholders, diluted:(1,625)(2,002)431435(980)(1,225)247

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,625)(2,002)431435(980)(1,225)247
Other comprehensive loss    (1)  
Comprehensive income (loss):(1,625)(2,002)431435(981)(1,225)247
Other undisclosed comprehensive income (loss), net of tax, attributable to parent49(15)133(29)(17)
Comprehensive income (loss), net of tax, attributable to parent:(1,621)(1,993)415448(978)(1,253)231

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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