Gran Tierra Energy Inc. (GTE) financial statements (2021 and earlier)

Company profile

Business Address 900, 520 3RD AVENUE S.W.
CALGARY, AB T2P 0R3
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments62103843725152
Cash and cash equivalents148511225145
Short-term investments48953325 6
Restricted cash and investments011128 
Receivables58172104867258
Inventory, net of allowances, customer advances and progress billings   7819
Inventory   7819
Prepaid expense   35 
Other current assets131513  6
Other undisclosed current assets   013 
Total current assets:134291203145132234
Noncurrent Assets
Nontrade receivables4326   8
Property, plant and equipment9641,5771,3131,0991,067789
Long-term investments and receivables  9   
Long-term investments  9   
Intangible assets, net (including goodwill) 103103103103103
Goodwill 103103103103103
Restricted cash and investments  23  
Deferred income tax assets5744
Other noncurrent assets34562412
Other undisclosed noncurrent assets  437443 
Total noncurrent assets:1,0681,7541,4741,2841,236912
TOTAL ASSETS:1,2022,0451,6771,4301,3681,146
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10119615512610771
Taxes payable0 49391
Other undisclosed accounts payable and accrued liabilities1011961511176870
Derivative instruments and hedges, liabilities1211214 
Asset retirement obligation  0052
Business combination, contingent consideration, liability   4  
Other undisclosed current liabilities13145391
Total current liabilities:11419916915715574
Noncurrent Liabilities
Long-term debt and lease obligation775700399257197 
Long-term debt, excluding current maturities775700399257197 
Liabilities, other than long-term debt, including:5210746511575
Asset retirement obligations484344313831
Deferred tax liabilities, net  10735
Deferred income tax liabilities 60
Other liabilities4432011 
Other undisclosed liabilities, other than long-term debt     (61)
Other undisclosed noncurrent liabilities453228 66
Total noncurrent liabilities:83181347733635470
Total liabilities:9451,012647493509144
Stockholders' equity
Stockholders' equity attributable to parent2571,0331,0309368591,002
Common stock101010101010
Additional paid in capital1,2851,2831,3181,3271,3431,020
Accumulated deficit(1,038)(260)(299)(401)(494)(28)
Total stockholders' equity:2571,0331,0309368591,002
TOTAL LIABILITIES AND EQUITY:1,2022,0451,6771,4301,3681,146

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2385712423288276
Revenue, net422289276
Net investment income012121
Cost of revenue(955)(286)(313)(148)(822)(538)
Gross profit:(718)285(311)275(534)(262)
Operating expenses(136)(177)(151)(193)(120)(108)
Other operating income, net
(Other Nonrecurring (Income) Expense)
    1 
Operating income (loss):(853)108(462)82(653)(369)
Nonoperating income (expense)(4)(1)(10)(2)118
Foreign currency transaction gain (loss), before tax(4)(1)(10)(2)117
Interest and debt expense(54)(43)(27)(14)(14) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes5832651(28)16(16)
Income (loss) from continuing operations before income taxes:(853)9615137(650)(368)
Income tax expense (benefit)75(57)(49)(69)185100
Net income (loss) available to common stockholders, diluted:(778)39103(32)(466)(268)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(778)39103(32)(466)(268)
Comprehensive income (loss), net of tax, attributable to parent:(778)39103(32)(466)(268)

Statements sources

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