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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6521001,276113142459
Cash and cash equivalents6521001,276113142459
Restricted cash and investments   185   
Receivables1692331821377210461
Derivative instruments and hedges, assets12621793143780
Deferred tax assets     7
Other undisclosed current assets41158443
Total current assets:3063173661,609332328531
Noncurrent Assets
Inventory, Noncurrent558    
Operating lease, right-of-use asset14
Property, plant and equipment3,4645,4795,1022,3512,6282,8911,704
Long-term investments and receivables32236302244242370440
Long-term investments32236302244242370440
Derivative instruments and hedges1 9651241
Deferred income tax assets8
Other noncurrent assets101420961918
Deferred tax assets, net    (230)(107)
Other undisclosed noncurrent assets43 1575230107
Total noncurrent assets:3,5775,7345,4422,6143,0033,3042,162
TOTAL ASSETS:3,8836,0515,8084,2233,3353,6322,693
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:415518554265265371191
Other undisclosed accounts payable and accrued liabilities415518554265265371191
Debt14110000
Derivative instruments and hedges, liabilities020331190 12
Asset retirement obligation  00001
Deferred tax liabilities   5127 
Other undisclosed current liabilities21      
Total current liabilities:451539587385317399204
Noncurrent Liabilities
Long-term debt and lease obligation1,9782,0872,0381,594946716299
Long-term debt, excluding current maturities1,9782,0872,0381,594946716299
Operating lease, liability0
Liabilities, other than long-term debt117948161331826
Asset retirement obligations60807534261814
Deferred income tax liabilities3
Other liabilities  3    
Derivative instruments and hedges, liabilities53143277 11
Other undisclosed noncurrent liabilities223   203114
Total noncurrent liabilities:2,1172,1842,1191,654979937439
Total liabilities:2,5682,7232,7062,0391,2961,336643
Stockholders' equity
Stockholders' equity attributable to parent1,3153,3283,1022,1842,0392,2962,050
Common stock2222111
Additional paid in capital4,2084,2284,4163,9462,8241,8291,813
Accumulated other comprehensive loss(47)(56)(41)(53)(55)(27)(10)
Retained earnings (accumulated deficit)(2,848)(845)(1,276)(1,711)(731)494246
Total stockholders' equity:1,3153,3283,1022,1842,0392,2962,050
TOTAL LIABILITIES AND EQUITY:3,8836,0515,8084,2233,3353,6322,693

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,3461,3551,320386709671263
Cost of revenue(954) (80)(166)(69)(117)(38)
Cost of goods and services sold  (80)(166)(69)(117)(38)
Gross profit:3931,3551,240220640555225
Operating expenses(2,096)(963)(772)(1,254)(2,044)(445)(207)
Other undisclosed operating income  801666911738
Operating income (loss):(1,704)392548(868)(1,334)22655
Nonoperating income (expense)(306)38(111)(114)(147)175196
Investment income, nonoperating112511100
Interest and debt expense49(135)(108)(24)(51)(24)(17)
Income (loss) from continuing operations before equity method investments, income taxes:(1,961)295329(1,006)(1,532)377234
Income from equity method investments     139213
Other undisclosed income (loss) from continuing operations before income taxes(49)1351082451(115)(196)
Income (loss) from continuing operations before income taxes:(2,010)430437(983)(1,481)401251
Income tax expense (benefit)80(2)3256(153)(98)
Net income (loss) available to common stockholders, diluted:(2,002)431435(980)(1,225)247153

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(2,002)431435(980)(1,225)247153
Other comprehensive loss   (1)   
Comprehensive income (loss):(2,002)431435(981)(1,225)247153
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9(15)133(29)(17)(6)
Comprehensive income (loss), net of tax, attributable to parent:(1,993)415448(978)(1,253)231147

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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