Transatlantic Petroleum Ltd (TAT) Financial Statements (2024 and earlier)

Company Profile

Business Address 16803 DALLAS PARKWAY
ADDISON, TX 75001
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 1382 - Oil and Gas Field Exploration Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,59812,7809,66414,45213,70719,734
Cash and cash equivalents8,59812,7809,66414,45213,70719,734
Receivables11,8727,90415,07814,45224,33723,811
Inventory, net of allowances, customer advances and progress billings3,2493,7637,0914,8044,7074,830
Inventory3,2493,7637,0914,8044,7074,830
Derivative instruments and hedges, assets10  384218 
Other undisclosed current assets12,49712,38012,37512,33111,4319,304
Total current assets:36,22636,82744,20846,42354,40057,679
Noncurrent Assets
Property, plant and equipment54,93659,13084,51889,59381,87981,955
Long-term investments and receivables  3,7323,9514,1504,4514,609
Due from related parties  3,7323,9514,1504,4514,609
Other noncurrent assets3,5243,5243,8273,1073,4573,380
Total noncurrent assets:58,46066,38692,29696,85089,78789,944
TOTAL ASSETS:94,686103,213136,504143,273144,187147,623
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,60415,97919,79920,02323,31322,951
Accounts payable1,6113,1894,5556,0676,5546,074
Accrued liabilities13,99312,79015,24413,95616,75916,877
Debt11,26910,64317,14318,91219,77221,186
Derivative instruments and hedges, liabilities3,227 966414651110
Due to related parties5,1206,9854,2623,5523,0072,667
Total current liabilities:35,22033,60742,17042,90146,74346,914
Noncurrent Liabilities
Long-term debt and lease obligation   2,8577,14311,42815,714
Long-term debt, excluding current maturities   2,8577,14311,42815,714
Liabilities, other than long-term debt30,68131,94121,91914,83036,01834,641
Accounts payable and accrued liabilities9,4559,59210,3709,9949,6679,620
Asset retirement obligations3,5053,6024,7494,8364,5064,490
Deferred tax liabilities, net21,84520,531
Deferred income tax liabilities17,72118,747    
Liability for uncertainty in income taxes   6,800   
Other undisclosed noncurrent liabilities   15,92822,720  
Total noncurrent liabilities:30,68131,94140,70444,69347,44650,355
Total liabilities:65,90165,54882,87487,59494,18997,269
Equity
Equity, attributable to parent(17,265)(8,385)7,5809,6293,9484,304
Common stock6,2766,2356,2235,7715,2735,249
Treasury stock, value(970)(970)(970)(970)(970)(970)
Additional paid in capital582,484582,426582,359580,843577,538577,493
Accumulated other comprehensive loss(140,671)(139,426)(147,347)(145,855)(146,663)(146,247)
Accumulated deficit(464,384)(456,650)(432,685)(430,160)(431,230)(431,221)
Other undisclosed equity46,05046,05046,05046,05046,05046,050
Total equity:28,78537,66553,63055,67949,99850,354
TOTAL LIABILITIES AND EQUITY:94,686103,213136,504143,273144,187147,623

Income Statement (P&L) ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Revenues6,5008,36016,47114,65317,21519,041
Cost of revenue(5,858)(7,721)(7,645)(7,445)(7,375)(7,489)
Gross profit:6426398,8267,2089,84011,552
Operating expenses(2,438)(22,735)(3,691)(3,095)(3,513)(8,344)
Operating income (loss):(1,796)(22,096)5,1354,1136,3273,208
Nonoperating expense(5,677)(4,834)(5,805)(2,793)(2,970)(3,687)
Investment income, nonoperating(3,217)(2,615)(936)403(323)(110)
Loss, foreign currency transaction, before tax(356)(128)(2,384)(797)(115)(1,273)
Interest and debt expense(2,396)(2,212)(2,656)(2,780)(2,753)(2,478)
Income (loss) from continuing operations before equity method investments, income taxes:(9,869)(29,142)(3,326)(1,460)604(2,957)
Other undisclosed income from continuing operations before income taxes2,3962,2122,6562,7802,7532,478
Income (loss) from continuing operations before income taxes:(7,473)(26,930)(670)1,3203,357(479)
Income tax expense (benefit)(261)2,965(1,855)(250)(3,366)(3,423)
Income (loss) from continuing operations:(7,734)(23,965)(2,525)1,070(9)(3,902)
Income (loss) before gain (loss) on sale of properties:(7,734)(23,965)(2,525)1,070(9)(3,902)
Net income (loss) available to common stockholders, diluted:(7,734)(23,965)(2,525)1,070(9)(3,902)

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Net income (loss):(7,734)(23,965)(2,525)1,070(9)(3,902)
Comprehensive income (loss):(7,734)(23,965)(2,525)1,070(9)(3,902)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,245)7,921(1,492)808(416)(4,226)
Comprehensive income (loss), net of tax, attributable to parent:(8,979)(16,044)(4,017)1,878(425)(8,128)

Statements Sources

The financial statements are based on the Company's filings with 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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