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

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2020

Future amounts due under operating lease liabilities as of December 31, 2020 were as follows:


	(In thousands)
2021	$	129
2022	115
2023	90
2024	30
Total lease payments	364
Less: Imputed interest	(22)
Less: amounts reclassified to liabilities subject to compromise	(342)
Total lease liabilities	$	—

Schedule of lease cost

Lease costs incurred for the years ended December 31, 2020 and 2019 consisted of the following:


	For the Year Ended December 31,
	2020		2019
	(In thousands)
Operating lease cost	$	9,658	$	24,960
Operating lease cost - related party	—		22,440
Variable lease cost	586		2,172
Variable lease cost - related party	—		66,924
Short-term lease cost	9,361		834
Total lease cost(1)	$	19,605	$	117,330

_____________________

(1) The majority of the Company's total lease cost was capitalized to the full cost pool, and the remainder was included in general and administrative expenses in the accompanying consolidated statements of operations.

Supplemental cash flow information for the years ended December 31, 2020 and 2019 related to leases was as follows:



	For the Year Ended December 31,
	2020	2019
Cash paid for amounts included in the measurement of lease liabilities	(In thousands)
Operating cash flows from operating leases	140	182
Investing cash flow from operating leases	10,272	24,263
Investing cash flow from operating leases - related party	6,800	84,750