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)Annual | Quarterly
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 investments | 8,598 | 12,780 | 9,664 | 14,452 | 13,707 | 19,734 | |||
Cash and cash equivalents | 8,598 | 12,780 | 9,664 | 14,452 | 13,707 | 19,734 | |||
Receivables | 11,872 | 7,904 | 15,078 | 14,452 | 24,337 | 23,811 | |||
Inventory, net of allowances, customer advances and progress billings | 3,249 | 3,763 | 7,091 | 4,804 | 4,707 | 4,830 | |||
Inventory | 3,249 | 3,763 | 7,091 | 4,804 | 4,707 | 4,830 | |||
Derivative instruments and hedges, assets | 10 | 384 | 218 | ||||||
Other undisclosed current assets | 12,497 | 12,380 | 12,375 | 12,331 | 11,431 | 9,304 | |||
Total current assets: | 36,226 | 36,827 | 44,208 | 46,423 | 54,400 | 57,679 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 54,936 | 59,130 | 84,518 | 89,593 | 81,879 | 81,955 | |||
Long-term investments and receivables | 3,732 | 3,951 | 4,150 | 4,451 | 4,609 | ||||
Due from related parties | 3,732 | 3,951 | 4,150 | 4,451 | 4,609 | ||||
Other noncurrent assets | 3,524 | 3,524 | 3,827 | 3,107 | 3,457 | 3,380 | |||
Total noncurrent assets: | 58,460 | 66,386 | 92,296 | 96,850 | 89,787 | 89,944 | |||
TOTAL ASSETS: | 94,686 | 103,213 | 136,504 | 143,273 | 144,187 | 147,623 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 15,604 | 15,979 | 19,799 | 20,023 | 23,313 | 22,951 | |||
Accounts payable | 1,611 | 3,189 | 4,555 | 6,067 | 6,554 | 6,074 | |||
Accrued liabilities | 13,993 | 12,790 | 15,244 | 13,956 | 16,759 | 16,877 | |||
Debt | 11,269 | 10,643 | 17,143 | 18,912 | 19,772 | 21,186 | |||
Derivative instruments and hedges, liabilities | 3,227 | 966 | 414 | 651 | 110 | ||||
Due to related parties | 5,120 | 6,985 | 4,262 | 3,552 | 3,007 | 2,667 | |||
Total current liabilities: | 35,220 | 33,607 | 42,170 | 42,901 | 46,743 | 46,914 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 2,857 | 7,143 | 11,428 | 15,714 | |||||
Long-term debt, excluding current maturities | 2,857 | 7,143 | 11,428 | 15,714 | |||||
Liabilities, other than long-term debt | 30,681 | 31,941 | 21,919 | 14,830 | 36,018 | 34,641 | |||
Accounts payable and accrued liabilities | 9,455 | 9,592 | 10,370 | 9,994 | 9,667 | 9,620 | |||
Asset retirement obligations | 3,505 | 3,602 | 4,749 | 4,836 | 4,506 | 4,490 | |||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 21,845 | 20,531 | ||
Deferred income tax liabilities | 17,721 | 18,747 | |||||||
Liability for uncertainty in income taxes | 6,800 | ||||||||
Other undisclosed noncurrent liabilities | 15,928 | 22,720 | |||||||
Total noncurrent liabilities: | 30,681 | 31,941 | 40,704 | 44,693 | 47,446 | 50,355 | |||
Total liabilities: | 65,901 | 65,548 | 82,874 | 87,594 | 94,189 | 97,269 | |||
Equity | |||||||||
Equity, attributable to parent | (17,265) | (8,385) | 7,580 | 9,629 | 3,948 | 4,304 | |||
Common stock | 6,276 | 6,235 | 6,223 | 5,771 | 5,273 | 5,249 | |||
Treasury stock, value | (970) | (970) | (970) | (970) | (970) | (970) | |||
Additional paid in capital | 582,484 | 582,426 | 582,359 | 580,843 | 577,538 | 577,493 | |||
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 equity | 46,050 | 46,050 | 46,050 | 46,050 | 46,050 | 46,050 | |||
Total equity: | 28,785 | 37,665 | 53,630 | 55,679 | 49,998 | 50,354 | |||
TOTAL LIABILITIES AND EQUITY: | 94,686 | 103,213 | 136,504 | 143,273 | 144,187 | 147,623 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 6,500 | 8,360 | 16,471 | 14,653 | 17,215 | 19,041 | ||
Cost of revenue | (5,858) | (7,721) | (7,645) | (7,445) | (7,375) | (7,489) | ||
Gross profit: | 642 | 639 | 8,826 | 7,208 | 9,840 | 11,552 | ||
Operating expenses | (2,438) | (22,735) | (3,691) | (3,095) | (3,513) | (8,344) | ||
Operating income (loss): | (1,796) | (22,096) | 5,135 | 4,113 | 6,327 | 3,208 | ||
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 taxes | 2,396 | 2,212 | 2,656 | 2,780 | 2,753 | 2,478 | ||
Income (loss) from continuing operations before income taxes: | (7,473) | (26,930) | (670) | 1,320 | 3,357 | (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)Annual | Quarterly
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.