Gulfport Energy Corporation (GPOR) financial statements (2022 and earlier)

Company profile

Business Address 14313 NORTH MAY AVENUE
OKLAHOMA CITY, OK 73134
State of Incorp.
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3 6521001,276
Cash and cash equivalents3 6521001,276
Restricted cash and investments     185
Receivables253 169233182137
Derivative instruments and hedges, assets5 12621793
Other undisclosed current assets12 41158
Total current assets:274 3063173661,609
Noncurrent Assets
Inventory, Noncurrent  558 
Operating lease, right-of-use asset0 14
Property, plant and equipment1,856 3,4645,4795,1022,351
Long-term investments and receivables  32236302244
Long-term investments  32236302244
Derivative instruments and hedges19 1 96
Deferred income tax assets  8
Other noncurrent assets20 1014209
Other undisclosed noncurrent assets  43 15
Total noncurrent assets:1,895 3,5775,7345,4422,614
TOTAL ASSETS:2,168 3,8836,0515,8084,223
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:394 415518554265
Other undisclosed accounts payable and accrued liabilities394 415518554265
Debt  14110
Derivative instruments and hedges, liabilities241 02033119
Asset retirement obligation    00
Other undisclosed current liabilities0 21   
Total current liabilities:635 451539587385
Noncurrent Liabilities
Long-term debt and lease obligation713 1,9782,0872,0381,594
Long-term debt, excluding current maturities713 1,9782,0872,0381,594
Operating lease, liability0 0
Liabilities, other than long-term debt213 117948161
Asset retirement obligations28 60807534
Deferred income tax liabilities  3
Other liabilities    3 
Derivative instruments and hedges, liabilities185 5314327
Other undisclosed noncurrent liabilities  223  
Total noncurrent liabilities:926 2,1172,1842,1191,654
Total liabilities:1,561 2,5682,7232,7062,039
Temporary equity, carrying amount58     
Stockholders' equity
Stockholders' equity attributable to parent549 1,3153,3283,1022,184
Common stock0 2222
Treasury stock, value(30)     
Additional paid in capital693 4,2084,2284,4163,946
Accumulated other comprehensive loss  (47)(56)(41)(53)
Accumulated deficit(113) (2,848)(845)(1,276)(1,711)
Total stockholders' equity:549 1,3153,3283,1022,184
TOTAL LIABILITIES AND EQUITY:2,168 3,8836,0515,8084,223

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues  1,3461,3551,320386
Cost of revenue  (954) (80)(166)
Cost of goods and services sold    (80)(166)
Gross profit:  3931,3551,240220
Operating expenses  (2,096)(963)(772)(1,254)
Other undisclosed operating income    80166
Operating income (loss):  (1,704)392548(868)
Nonoperating income (expense)  (306)38(111)(114)
Investment income, nonoperating  112511
Interest and debt expense  49(135)(108)(24)
Income (loss) from continuing operations before equity method investments, income taxes:  (1,961)295329(1,006)
Other undisclosed income (loss) from continuing operations before income taxes  (49)13510824
Income (loss) from continuing operations before income taxes:  (2,010)430437(983)
Income tax expense (benefit)  80(2)3
Net income (loss) available to common stockholders, diluted:  (2,002)431435(980)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):  (2,002)431435(980)
Other comprehensive loss     (1)
Comprehensive income (loss):  (2,002)431435(981)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  9(15)133
Comprehensive income (loss), net of tax, attributable to parent:  (1,993)415448(978)

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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