Gulfport Energy Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheets (Details)

Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheets (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 142,340	$ 458,956	$ 167,088	$ 93,897
Accounts receivable—oil and gas	103,858us-gaap_AccountsReceivableNetCurrent	58,824us-gaap_AccountsReceivableNetCurrent
Accounts receivable-related parties	46us-gaap_DueFromRelatedPartiesCurrent	2,617us-gaap_DueFromRelatedPartiesCurrent
Accounts receivable - intercompany		0us-gaap_DueFromAffiliateCurrent
Prepaid expenses and other current assets	3,714	2,581
Deferred tax asset	0	6,927
Short-term derivative instruments	78,391us-gaap_DerivativeAssetsCurrent	324us-gaap_DerivativeAssetsCurrent
Note receivable - related party	0	875
Total current assets	328,349us-gaap_AssetsCurrent	531,104us-gaap_AssetsCurrent
Property and equipment:
Oil and natural gas properties	3,923,154	2,477,178
Other property and equipment	18,344us-gaap_PropertyPlantAndEquipmentOther	11,131us-gaap_PropertyPlantAndEquipmentOther
Accumulated depletion, depreciation, amortization and impairment	(1,050,879)	(784,717)
Property and equipment, net	2,890,619us-gaap_PropertyPlantAndEquipmentNet	1,703,592us-gaap_PropertyPlantAndEquipmentNet
Other assets:
Equity investments	369,581us-gaap_EquityMethodInvestments	440,068us-gaap_EquityMethodInvestments
Derivative instruments	24,448	521
Other assets	19,396us-gaap_OtherAssetsNoncurrent	17,851us-gaap_OtherAssetsNoncurrent
Total other assets	413,425gpor_TotalOtherAssets	458,440gpor_TotalOtherAssets
Total assets	3,632,393us-gaap_Assets	2,693,136us-gaap_Assets
Current liabilities:
Accounts payable and accrued liabilities	371,410	190,707
Accounts payable - intercompany	0us-gaap_DueToAffiliateCurrent	0us-gaap_DueToAffiliateCurrent
Asset retirement obligation—current	75	795
Short-term derivative instruments	0us-gaap_DerivativeLiabilitiesCurrent	12,280us-gaap_DerivativeLiabilitiesCurrent
Deferred tax liability	27,070us-gaap_DeferredTaxLiabilitiesCurrent	0us-gaap_DeferredTaxLiabilitiesCurrent
Current maturities of long-term debt	168us-gaap_LongTermDebtCurrent	159us-gaap_LongTermDebtCurrent
Total current liabilities	398,723us-gaap_LiabilitiesCurrent	203,941us-gaap_LiabilitiesCurrent
Long-term derivative instrument	0us-gaap_DerivativeLiabilitiesNoncurrent	11,366us-gaap_DerivativeLiabilitiesNoncurrent
Asset retirement obligation—long-term	17,863	14,288
Deferred tax liability	203,195	114,275
Long-term debt, net of current maturities	716,316us-gaap_LongTermDebtNoncurrent	299,028us-gaap_LongTermDebtNoncurrent
Total liabilities	1,336,097us-gaap_Liabilities	642,898us-gaap_Liabilities
Stockholders’ equity:
Common stock	856us-gaap_CommonStockValue	851us-gaap_CommonStockValue
Paid-in capital	1,828,602us-gaap_AdditionalPaidInCapital	1,813,058us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive loss	(26,675)	(9,781)
Retained earnings (accumulated deficit)	493,513	246,110
Total stockholders’ equity	2,296,296us-gaap_StockholdersEquity	2,050,238us-gaap_StockholdersEquity	1,126,408us-gaap_StockholdersEquity	632,350us-gaap_StockholdersEquity
Total liabilities and stockholders’ equity	3,632,393	2,693,136
Parent [Member]
Current assets:
Cash and cash equivalents	141,535	451,431	165,293	93,124
Accounts receivable—oil and gas	103,762	58,662
Accounts receivable-related parties	46	2,617
Accounts receivable - intercompany	45,222	21,379
Prepaid expenses and other current assets	3,714	2,581
Deferred tax asset		6,927
Short-term derivative instruments	78,391	324
Note receivable - related party		875
Total current assets	372,670	544,796
Property and equipment:
Oil and natural gas properties	3,887,874	2,470,411
Other property and equipment	18,301	11,102
Accumulated depletion, depreciation, amortization and impairment	(1,050,855)	(784,695)
Property and equipment, net	2,855,320	1,696,818
Other assets:
Equity investments	360,238	432,727
Derivative instruments	24,448	521
Other assets	19,396	17,851
Total other assets	404,082	451,099
Total assets	3,632,072	2,692,713
Current liabilities:
Accounts payable and accrued liabilities	371,089	190,284
Accounts payable - intercompany	0	0
Asset retirement obligation—current	75	795
Short-term derivative instruments		12,280
Deferred tax liability	27,070
Current maturities of long-term debt	168	159
Total current liabilities	398,402	203,518
Long-term derivative instrument		11,366
Asset retirement obligation—long-term	17,863	14,288
Deferred tax liability	203,195	114,275
Long-term debt, net of current maturities	716,316	299,028
Total liabilities	1,335,776	642,475
Stockholders’ equity:
Common stock	856	851
Paid-in capital	1,828,602	1,813,058
Accumulated other comprehensive loss	(26,675)	(9,781)
Retained earnings (accumulated deficit)	493,513	246,110
Total stockholders’ equity	2,296,296	2,050,238
Total liabilities and stockholders’ equity	3,632,072	2,692,713
Guarantor [Member]
Current assets:
Cash and cash equivalents	804	7,525	1,795	772
Accounts receivable—oil and gas	96	162
Accounts receivable-related parties	0	0
Accounts receivable - intercompany	27	27
Prepaid expenses and other current assets		0
Deferred tax asset		0
Short-term derivative instruments		0
Note receivable - related party		0
Total current assets	927	7,714
Property and equipment:
Oil and natural gas properties	35,990	7,340
Other property and equipment	43	29
Accumulated depletion, depreciation, amortization and impairment	(24)	(22)
Property and equipment, net	36,009	7,347
Other assets:
Equity investments		0
Derivative instruments	0	0
Other assets		0
Total assets	36,936	15,061
Current liabilities:
Accounts payable and accrued liabilities	321	423
Accounts payable - intercompany	45,143	21,296
Asset retirement obligation—current		0
Short-term derivative instruments		0
Current maturities of long-term debt		0
Total current liabilities	45,464	21,719
Long-term derivative instrument		0
Asset retirement obligation—long-term	0	0
Deferred tax liability		0
Long-term debt, net of current maturities	0	0
Total liabilities	45,464	21,719
Stockholders’ equity:
Common stock		0
Paid-in capital	322	322
Accumulated other comprehensive loss		0
Retained earnings (accumulated deficit)	(8,850)	(6,980)
Total stockholders’ equity	(8,528)	(6,658)
Total liabilities and stockholders’ equity	36,936	15,061
Non-Guarantor [Member]
Current assets:
Cash and cash equivalents	1	0	0	1
Accounts receivable—oil and gas	0	0
Accounts receivable-related parties	0	0
Accounts receivable - intercompany	0	0
Prepaid expenses and other current assets	0	0
Deferred tax asset		0
Short-term derivative instruments	0	0
Note receivable - related party		0
Total current assets	1
Property and equipment:
Oil and natural gas properties		0
Other property and equipment		0
Accumulated depletion, depreciation, amortization and impairment		0
Property and equipment, net		0
Other assets:
Equity investments	180,217	191,473
Derivative instruments	0	0
Other assets		0
Total other assets	180,217	191,473
Total assets	180,218	191,473
Current liabilities:
Accounts payable and accrued liabilities		0
Accounts payable - intercompany	106	110
Asset retirement obligation—current		0
Short-term derivative instruments		0
Current maturities of long-term debt		0
Total current liabilities	106	110
Long-term derivative instrument		0
Asset retirement obligation—long-term	0	0
Deferred tax liability		0
Long-term debt, net of current maturities	0	0
Total liabilities	106	110
Stockholders’ equity:
Common stock		0
Paid-in capital	227,079	208,277
Accumulated other comprehensive loss	(26,675)	(9,781)
Retained earnings (accumulated deficit)	(20,292)	(7,133)
Total stockholders’ equity	180,112	191,363
Total liabilities and stockholders’ equity	180,218	191,473
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable—oil and gas		0
Accounts receivable-related parties	0	0
Accounts receivable - intercompany	(45,249)	(21,406)
Prepaid expenses and other current assets		0
Deferred tax asset		0
Short-term derivative instruments		0
Note receivable - related party		0
Total current assets	(45,249)	(21,406)
Property and equipment:
Oil and natural gas properties	(710)	(573)
Other property and equipment		0
Accumulated depletion, depreciation, amortization and impairment		0
Property and equipment, net	(710)	(573)
Other assets:
Equity investments	(170,874)	(184,132)
Derivative instruments	0	0
Other assets		0
Total other assets	(170,874)	(184,132)
Total assets	(216,833)	(206,111)
Current liabilities:
Accounts payable and accrued liabilities		0
Accounts payable - intercompany	(45,249)	(21,406)
Asset retirement obligation—current		0
Short-term derivative instruments		0
Current maturities of long-term debt		0
Total current liabilities	(45,249)	(21,406)
Long-term derivative instrument		0
Asset retirement obligation—long-term	0	0
Deferred tax liability		0
Long-term debt, net of current maturities	0	0
Total liabilities	(45,249)	(21,406)
Stockholders’ equity:
Common stock		0
Paid-in capital	(227,401)	(208,599)
Accumulated other comprehensive loss	26,675	9,781
Retained earnings (accumulated deficit)	29,142	14,113
Total stockholders’ equity	(171,584)	(184,705)
Total liabilities and stockholders’ equity	$ (216,833)	$ (206,111)