2014 Q2 Form 10-Q Financial Statement

#000144530514003502 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $114.7M $70.43M
YoY Change 62.9% 6.2%
Cost Of Revenue $19.30M $14.20M
YoY Change 35.92% 6.77%
Gross Profit $95.50M $56.20M
YoY Change 69.93% 6.04%
Gross Profit Margin 83.23% 79.79%
Selling, General & Admin $21.20M $4.900M
YoY Change 332.65% 48.48%
% of Gross Profit 22.2% 8.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $55.99M $28.54M
YoY Change 96.19% 20.67%
% of Gross Profit 58.63% 50.78%
Operating Expenses $96.63M $47.98M
YoY Change 101.4% 18.82%
Operating Profit $18.11M $22.46M
YoY Change -19.35% -13.45%
Interest Expense $2.402M $3.284M
YoY Change -26.86% 592.83%
% of Operating Profit 13.26% 14.62%
Other Income/Expense, Net $61.20M $46.89M
YoY Change 30.54% -5748.92%
Pretax Income $79.31M $69.34M
YoY Change 14.38% 176.08%
Income Tax $31.46M $25.51M
% Of Pretax Income 39.67% 36.79%
Net Earnings $47.85M $43.83M
YoY Change 9.18% 74.5%
Net Earnings / Revenue 41.71% 62.23%
Basic Earnings Per Share $0.56 $0.57
Diluted Earnings Per Share $0.56 $0.56
COMMON SHARES
Basic Shares Outstanding 85.45M shares 77.43M shares
Diluted Shares Outstanding 85.81M shares 77.91M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.30M $214.4M
YoY Change -64.88% 3148.48%
Cash & Equivalents $75.29M $214.4M
Short-Term Investments
Other Short-Term Assets $11.30M $3.800M
YoY Change 197.37% -70.31%
Inventory
Prepaid Expenses
Receivables $107.5M $30.80M
Other Receivables $900.0K $0.00
Total Short-Term Assets $195.0M $285.9M
YoY Change -31.79% 308.9%
LONG-TERM ASSETS
Property, Plant & Equipment $2.317B $1.358B
YoY Change 70.6% 123.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $501.4M $438.9M
YoY Change 14.26% 136.03%
Other Assets $17.99M $13.15M
YoY Change 36.74% 127.72%
Total Long-Term Assets $2.837B $1.810B
YoY Change 56.73% 125.71%
TOTAL ASSETS
Total Short-Term Assets $195.0M $285.9M
Total Long-Term Assets $2.837B $1.810B
Total Assets $3.032B $2.096B
YoY Change 44.66% 140.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $287.5M $142.4M
YoY Change 101.9% 48.8%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $163.0K $154.0K
YoY Change 5.84% 6.21%
Total Short-Term Liabilities $312.9M $145.1M
YoY Change 115.61% 51.36%
LONG-TERM LIABILITIES
Long-Term Debt $339.1M $299.0M
YoY Change 13.43% 326.64%
Other Long-Term Liabilities $20.70M $0.00
YoY Change -100.0%
Total Long-Term Liabilities $339.1M $299.0M
YoY Change 13.43% 326.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $312.9M $145.1M
Total Long-Term Liabilities $339.1M $299.0M
Total Liabilities $843.3M $526.5M
YoY Change 60.15% 194.01%
SHAREHOLDERS EQUITY
Retained Earnings $376.5M $181.3M
YoY Change 107.67% 136.9%
Common Stock $854.0K $775.0K
YoY Change 10.19% 39.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.188B $1.569B
YoY Change
Total Liabilities & Shareholders Equity $3.032B $2.096B
YoY Change 44.66% 140.4%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $47.85M $43.83M
YoY Change 9.18% 74.5%
Depreciation, Depletion And Amortization $55.99M $28.54M
YoY Change 96.19% 20.67%
Cash From Operating Activities $45.30M $38.50M
YoY Change 17.66% 27.91%
INVESTING ACTIVITIES
Capital Expenditures -$253.3M -$107.8M
YoY Change 134.97% 62.59%
Acquisitions
YoY Change
Other Investing Activities $73.70M $56.60M
YoY Change 30.21% -305.07%
Cash From Investing Activities -$179.7M -$51.30M
YoY Change 250.29% -45.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 39.20M 1.200M
YoY Change 3166.67% -97.91%
NET CHANGE
Cash From Operating Activities 45.30M 38.50M
Cash From Investing Activities -179.7M -51.30M
Cash From Financing Activities 39.20M 1.200M
Net Change In Cash -95.20M -11.60M
YoY Change 720.69% 84.13%
FREE CASH FLOW
Cash From Operating Activities $45.30M $38.50M
Capital Expenditures -$253.3M -$107.8M
Free Cash Flow $298.6M $146.3M
YoY Change 104.1% 51.76%

Facts In Submission

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1133000 USD
us-gaap Increase Decrease In Prepaid Expense
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994000 USD
us-gaap Increase Decrease In Restricted Cash
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-8000 USD
us-gaap Increase Decrease In Restricted Cash
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-8000 USD
us-gaap Interest Costs Capitalized
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6245000 USD
us-gaap Interest Costs Capitalized
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5497000 USD
CY2013Q2 us-gaap Interest Expense
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3284000 USD
us-gaap Interest Expense
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6287000 USD
CY2014Q2 us-gaap Interest Expense
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2402000 USD
us-gaap Interest Expense
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6763000 USD
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12594000 USD
us-gaap Interest Paid Net
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11738000 USD
us-gaap Investment Income Interest
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142000 USD
CY2014Q2 us-gaap Investment Income Interest
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36000 USD
us-gaap Investment Income Interest
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CY2013Q2 us-gaap Investment Income Interest
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62000 USD
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178708000 USD
CY2014Q2 us-gaap Investments Fair Value Disclosure
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211300000 USD
CY2013Q4 us-gaap Land
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412000 USD
CY2014Q2 us-gaap Land
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412000 USD
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5878000 USD
us-gaap Lease Operating Expense
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11050000 USD
us-gaap Lease Operating Expense
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24309000 USD
CY2014Q2 us-gaap Lease Operating Expense
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12680000 USD
CY2013Q4 us-gaap Liabilities
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642898000 USD
CY2014Q2 us-gaap Liabilities
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843273000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
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3031772000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
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2693136000 USD
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312948000 USD
CY2013Q4 us-gaap Liabilities Current
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203941000 USD
CY2014Q2 us-gaap Litigation Settlement Expense
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6000000 USD
CY2013Q2 us-gaap Litigation Settlement Expense
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0 USD
us-gaap Litigation Settlement Expense
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0 USD
us-gaap Litigation Settlement Expense
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24000000 USD
CY2014Q2 us-gaap Long Term Debt Current
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163000 USD
CY2013Q4 us-gaap Long Term Debt Current
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159000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
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299028000 USD
CY2014Q2 us-gaap Long Term Debt Noncurrent
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339098000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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358281000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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39588000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-384529000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-624760000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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201509000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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73545000 USD
CY2013Q2 us-gaap Net Income Loss
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43828000 USD
CY2014Q2 us-gaap Net Income Loss
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47852000 USD
us-gaap Net Income Loss
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130410000 USD
us-gaap Net Income Loss
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88387000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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47852000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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43828000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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88387000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
130410000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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47852000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
43828000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
130410000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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88387000 USD
us-gaap Nonoperating Income Expense
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167899000 USD
CY2013Q2 us-gaap Nonoperating Income Expense
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46886000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
61203000 USD
us-gaap Nonoperating Income Expense
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104696000 USD
CY2013Q4 us-gaap Notes Receivable Related Parties Current
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875000 USD
CY2014Q2 us-gaap Notes Receivable Related Parties Current
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875000 USD
CY2013Q4 us-gaap Oil And Gas Property Full Cost Method Gross
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2477178000 USD
CY2014Q2 us-gaap Oil And Gas Property Full Cost Method Gross
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3201529000 USD
us-gaap Operating Expenses
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88034000 USD
CY2013Q2 us-gaap Operating Expenses
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47978000 USD
CY2014Q2 us-gaap Operating Expenses
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96626000 USD
us-gaap Operating Expenses
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189546000 USD
CY2014Q2 us-gaap Operating Income Loss
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18110000 USD
us-gaap Operating Income Loss
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37400000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
22456000 USD
us-gaap Operating Income Loss
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43219000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due
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1586000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
0 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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398000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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426000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
494000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
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268000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
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17985000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
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17851000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-9680000 USD
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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6816000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-462000 USD
CY2013Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-6113000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4353000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-462000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-7553000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6816000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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0 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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-1404000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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-3201000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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0 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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0 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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0 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-1404000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-3201000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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900000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
2000000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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356000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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0 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
200000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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0 USD
us-gaap Other Sales Revenue Net
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406000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
368000 USD
CY2014Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
239000 USD
CY2013Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
238000 USD
us-gaap Payments Of Loan Costs
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us-gaap Payments Of Loan Costs
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686000 USD
us-gaap Payments To Acquire Equity Method Investments
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21960000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
39162000 USD
us-gaap Payments To Acquire Oil And Gas Property
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428234000 USD
us-gaap Payments To Acquire Oil And Gas Property
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672967000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
355000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1759000 USD
CY2014Q2 us-gaap Preferred Stock Dividend Rate Percentage
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0.12
CY2013 us-gaap Preferred Stock Dividend Rate Percentage
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0.12
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q2 us-gaap Preferred Stock Value
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0 USD
CY2013Q4 us-gaap Preferred Stock Value
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0 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
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2581000 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
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3575000 USD
us-gaap Proceeds From Issuance Of Common Stock
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359040000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
648000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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40000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
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2488309000 USD
CY2014Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3214134000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
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1703592000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
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2316581000 USD
CY2013Q4 us-gaap Property Plant And Equipment Other
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11131000 USD
CY2014Q2 us-gaap Property Plant And Equipment Other
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12605000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
376520000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
246110000 USD
us-gaap Revenues
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125434000 USD
CY2014Q2 us-gaap Revenues
Revenues
114736000 USD
us-gaap Revenues
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232765000 USD
CY2013Q2 us-gaap Revenues
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70434000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4599000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1803000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
17333 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.01
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12310000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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0 shares
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0.00
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1002000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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12538000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
210241 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
17333 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.50
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.01
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.36
CY2014Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
17333 shares
CY2014Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
17333 shares
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1002000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8M25D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8M25D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y26D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
192908 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
357640000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
648000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1400000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
2050238000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
2188499000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
1126408000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
1569286000 USD
CY2014Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
6601000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
13310000 USD
CY2013Q2 us-gaap Taxes Excluding Income And Excise Taxes
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6440000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
13558000 USD
CY2014Q2 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
30000 shares
CY2013Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
30000 shares
CY2014Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
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9513000 USD
CY2013Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
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9341000 USD
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
478182 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
357218 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
412113 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
457495 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75599608 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77906787 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85805896 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85766679 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85448678 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77428605 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75142113 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85354566 shares
CY2013Q2 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
3200000 USD
CY2014Q2 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
6900000 USD
gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
6100000 USD
gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
13200000 USD
gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
3066000 USD
gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
1201000 USD
CY2014Q2 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
1343000 USD
CY2013Q2 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
600000 USD
CY2013Q4 gpor Certificates Of Deposit Securing Letter Of Credit
CertificatesOfDepositSecuringLetterOfCredit
275000 USD
CY2014Q2 gpor Certificates Of Deposit Securing Letter Of Credit
CertificatesOfDepositSecuringLetterOfCredit
275000 USD
CY2014Q2 gpor Cumulative Capitalization Of General And Administrative Costs Incurred And Capitalized To Full Cost Pool
CumulativeCapitalizationOfGeneralAndAdministrativeCostsIncurredAndCapitalizedToFullCostPool
60700000 USD
CY2014Q2 gpor Debt Instrument Covenant Compliance Earnings Before Income Tax Depreciation Depletion Amortization And Exploration Expenses Ratio
DebtInstrumentCovenantComplianceEarningsBeforeIncomeTaxDepreciationDepletionAmortizationAndExplorationExpensesRatio
3.00
CY2014Q2 gpor Debt Instrument Covenant Compliance Reasonable Transaction Expense Ratio
DebtInstrumentCovenantComplianceReasonableTransactionExpenseRatio
2.00
gpor Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
53709000 USD
gpor Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
55550000 USD
CY2012Q4 gpor Employment Agreement Subsequent Extension
EmploymentAgreementSubsequentExtension
P1Y
gpor Increase Decrease In Asset Retirement Obligation
IncreaseDecreaseInAssetRetirementObligation
-807000 USD
CY2013Q4 gpor Derivative Receivable
DerivativeReceivable
4493000 USD
CY2014Q2 gpor Derivative Receivable
DerivativeReceivable
4493000 USD
CY2012Q4 gpor Employment Agreement Notice Period Allowed For Termination
EmploymentAgreementNoticePeriodAllowedForTermination
P90D
CY2012Q4 gpor Employment Agreement Term
EmploymentAgreementTerm
P3Y
gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
-9680000 USD
gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
-462000 USD
gpor Gas And Oil Area Reserve
GasAndOilAreaReserve
243000 acre
CY2014Q2 gpor Gas Sales
GasSales
35522000 USD
gpor Gas Sales
GasSales
53871000 USD
CY2013Q2 gpor Gas Sales
GasSales
6793000 USD
gpor Gas Sales
GasSales
8259000 USD
CY2013Q2 gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
2404000 USD
CY2014Q2 gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
10897000 USD
gpor Number Of Financial Institutions
NumberOfFinancialInstitutions
4 financial_institution
CY2013 gpor Number Of Financial Institutions
NumberOfFinancialInstitutions
4 financial_institution
CY2013Q2 gpor Oil And Condensate Sales
OilAndCondensateSales
60999000 USD
gpor Increase Decrease In Asset Retirement Obligation
IncreaseDecreaseInAssetRetirementObligation
-3097000 USD
gpor Interest Cost Capitalized Undeveloped Properties
InterestCostCapitalizedUndevelopedProperties
6200000 USD
CY2013Q2 gpor Interest Cost Capitalized Undeveloped Properties
InterestCostCapitalizedUndevelopedProperties
2900000 USD
gpor Interest Cost Capitalized Undeveloped Properties
InterestCostCapitalizedUndevelopedProperties
5500000 USD
CY2014Q2 gpor Interest Cost Capitalized Undeveloped Properties
InterestCostCapitalizedUndevelopedProperties
3900000 USD
gpor Interest Income Note Receivable
InterestIncomeNoteReceivable
USD
gpor Interest Income Note Receivable
InterestIncomeNoteReceivable
25000 USD
gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
37033000 USD
gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
2728000 USD
gpor Oil And Condensate Sales
OilAndCondensateSales
114079000 USD
CY2014Q2 gpor Oil And Condensate Sales
OilAndCondensateSales
68078000 USD
gpor Oil And Condensate Sales
OilAndCondensateSales
141455000 USD
CY2013Q4 gpor Other Assets Other
OtherAssetsOther
77000 USD
CY2014Q2 gpor Other Assets Other
OtherAssetsOther
63000 USD
CY2014Q2 gpor Plugging And Abandonment Escrow Account
PluggingAndAbandonmentEscrowAccount
3097000 USD
CY2013Q4 gpor Plugging And Abandonment Escrow Account
PluggingAndAbandonmentEscrowAccount
3105000 USD
CY2014Q2 gpor Prepaid Drilling Costs
PrepaidDrillingCosts
510000 USD
CY2013Q4 gpor Prepaid Drilling Costs
PrepaidDrillingCosts
526000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2013Q4 gpor Total Other Assets
TotalOtherAssets
458440000 USD
CY2014Q2 gpor Total Other Assets
TotalOtherAssets
520205000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000874499
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
85499465 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
GULFPORT ENERGY CORP

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