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 Statement of Operations (Details)

Condensed Consolidating Financial Information - Condensed Consolidating Statement of Operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues:
Total revenues	$ 68,067	$ 69,252	$ 70,434	$ 55,000	$ 56,603	$ 60,537	$ 66,325	$ 65,461	$ 262,753	$ 248,926	$ 229,254
Costs and expenses:
Lease operating expenses									26,703	24,308	20,897
Production taxes									26,933	28,957	26,054
Midstream transportation, processing and marketing									11,030	443	279
Depreciation, depletion and amortization									118,880	90,749	62,320
General and administrative									22,519	13,808	8,074
(Gain) loss on sale of assets									508	(7,300)	0
Accretion expense									717	698	666
Total costs and expenses									207,290	151,663	118,290
INCOME FROM OPERATIONS	2,926	15,137	22,456	14,944	25,875	18,178	25,947	27,263	55,463	97,263	110,964
OTHER (INCOME) EXPENSE:
Interest expense									17,490	7,458	1,400
Interest income									(297)	(72)	(186)
(Income) loss from equity method investments									(213,058)	(8,322)	1,418
Total Other (Income) Expense									(195,865)	(936)	2,632
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									251,328	98,199	108,332
INCOME TAX EXPENSE (BENEFIT)	21,027	23,400	25,514	28,195	10,849	15,514	0	0	98,136	26,363	(90)
INCOME FROM CONTINUING OPERATIONS									153,192	71,836	108,422
Loss on disposal of Belize properties, net of tax									0	3,465	0
NET INCOME	24,278	40,527	43,828	44,559	15,883	502	25,117	26,869	153,192	68,371	108,422
Parent [Member]
Revenues:
Total revenues									261,809	247,637	228,281
Costs and expenses:
Lease operating expenses									25,971	23,644	20,168
Production taxes									26,848	28,874	25,991
Midstream transportation, processing and marketing									10,999	432	275
Depreciation, depletion and amortization									118,878	90,749	62,320
General and administrative									22,359	13,602	8,038
(Gain) loss on sale of assets									508	(7,300)
Accretion expense									717	698	666
Total costs and expenses									206,280	150,699	117,458
INCOME FROM OPERATIONS									55,529	96,938	110,823
OTHER (INCOME) EXPENSE:
Interest expense									17,490	7,458	1,400
Interest income									(297)	(72)	(39)
(Income) loss from equity method investments									(212,992)	(5,182)	1,130
Total Other (Income) Expense									(195,799)	2,204	2,491
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									251,328	94,734	108,332
INCOME TAX EXPENSE (BENEFIT)									98,136	26,363	(90)
INCOME FROM CONTINUING OPERATIONS										68,371
Loss on disposal of Belize properties, net of tax										0
NET INCOME									153,192	68,371	108,422
Guarantor [Member]
Revenues:
Total revenues									1,517	1,289	973
Costs and expenses:
Lease operating expenses									732	664	729
Production taxes									85	83	63
Midstream transportation, processing and marketing									31	11	4
Depreciation, depletion and amortization									2	0	0
General and administrative									159	132	11
(Gain) loss on sale of assets									0	0
Accretion expense									0	0	0
Total costs and expenses									1,009	890	807
INCOME FROM OPERATIONS									508	399	166
OTHER (INCOME) EXPENSE:
Interest expense									0	0	0
Interest income									0	0	0
(Income) loss from equity method investments									0	0	0
Total Other (Income) Expense									0	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									508	399	166
INCOME TAX EXPENSE (BENEFIT)									0	0	0
INCOME FROM CONTINUING OPERATIONS										399
Loss on disposal of Belize properties, net of tax										3,465
NET INCOME									508	(3,066)	166
Non-Guarantor [Member]
Revenues:
Total revenues									0	0	0
Costs and expenses:
Lease operating expenses									0	0	0
Production taxes									0	0	0
Midstream transportation, processing and marketing									0		0
Depreciation, depletion and amortization									0	0	0
General and administrative									1	74	25
(Gain) loss on sale of assets									0	0
Accretion expense									0	0	0
Total costs and expenses									1	74	25
INCOME FROM OPERATIONS									(1)	(74)	(25)
OTHER (INCOME) EXPENSE:
Interest expense									0	0	0
Interest income									0	0	(147)
(Income) loss from equity method investments									2,999	1,512	1,592
Total Other (Income) Expense									2,999	1,512	1,445
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									(3,000)	(1,586)	(1,470)
INCOME TAX EXPENSE (BENEFIT)									0	0	0
INCOME FROM CONTINUING OPERATIONS										(1,586)
Loss on disposal of Belize properties, net of tax										0
NET INCOME									(3,000)	(1,586)	(1,470)
Eliminations [Member]
Revenues:
Total revenues									(573)	0	0
Costs and expenses:
Lease operating expenses									0	0	0
Production taxes									0	0	0
Midstream transportation, processing and marketing									0		0
Depreciation, depletion and amortization									0	0	0
General and administrative									0	0	0
(Gain) loss on sale of assets									0	0
Accretion expense									0	0	0
Total costs and expenses									0	0	0
INCOME FROM OPERATIONS									(573)	0	0
OTHER (INCOME) EXPENSE:
Interest expense									0	0	0
Interest income									0	0	0
(Income) loss from equity method investments									(3,065)	(4,652)	(1,304)
Total Other (Income) Expense									(3,065)	(4,652)	(1,304)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									2,492	4,652	1,304
INCOME TAX EXPENSE (BENEFIT)									0	0	0
INCOME FROM CONTINUING OPERATIONS										4,652
Loss on disposal of Belize properties, net of tax										0
NET INCOME									$ 2,492	$ 4,652	$ 1,304