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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments103843725152332
Cash and cash equivalents8511225145332
Short-term investments953325 6 
Restricted cash and investments11128  
Receivables17210486725883
Inventory, net of allowances, customer advances and progress billings  781917
Inventory  781917
Prepaid expense  35 6
Income taxes receivable16
Other current assets1513  6 
Other undisclosed current assets  013 11
Total current assets:291203145132234465
Noncurrent Assets
Nontrade receivables26   8 
Property, plant and equipment1,5771,3131,0991,0677891,129
Oil and gas property, full cost method     1,118
Long-term investments and receivables 9    
Long-term investments 9    
Intangible assets, net (including goodwill)103103103103103103
Goodwill103103103103103103
Restricted cash and investments 23  2
Deferred income tax assets44
Other noncurrent assets45624125
Other undisclosed noncurrent assets 437443 (1,108)
Total noncurrent assets:1,7541,4741,2841,2369121,249
TOTAL ASSETS:2,0451,6771,4301,3681,1461,714
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:19615512610771213
Accounts payable     112
Accrued liabilities     75
Taxes payable 4939125
Other undisclosed accounts payable and accrued liabilities1961511176870 
Derivative instruments and hedges, liabilities11214 3
Asset retirement obligation 00528
Business combination, contingent consideration, liability  4   
Deferred tax liabilities    1
Other undisclosed current liabilities3145391 
Total current liabilities:19916915715574225
Noncurrent Liabilities
Long-term debt and lease obligation700399257197  
Long-term debt, excluding current maturities700399257197  
Liabilities, other than long-term debt, including:107465115759
Asset retirement obligations434431383128
Deferred tax liabilities, net  10735175
Deferred income tax liabilities60
Other liabilities432011  
Other undisclosed liabilities, other than long-term debt    (61)(194)
Other undisclosed noncurrent liabilities53228 66203
Total noncurrent liabilities:81347733635470212
Total liabilities:1,012647493509144437
Stockholders' equity
Stockholders' equity attributable to parent1,0331,0309368591,0021,277
Common stock101010101010
Additional paid in capital1,2831,3181,3271,3431,0201,027
Retained earnings (accumulated deficit)(260)(299)(401)(494)(28)240
Total stockholders' equity:1,0331,0309368591,0021,277
TOTAL LIABILITIES AND EQUITY:2,0451,6771,4301,3681,1461,714

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5712423288276562
Revenue, net422289276559
Net investment income12121 
Cost of revenue(286)(313)(148)(822)(538)(414)
Gross profit:285(311)275(534)(262)148
Operating expenses(177)(151)(193)(120)(108)(165)
Other operating income, net
(Other Nonrecurring (Income) Expense)
   1 2
Operating income (loss):108(462)82(653)(369)(15)
Nonoperating income (expense)(1)(10)(2)11842
Foreign currency transaction gain (loss), before tax(1)(10)(2)11740
Interest and debt expense(43)(27)(14)(14)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes32651(28)16(16)(44)
Income (loss) from continuing operations before income taxes:9615137(650)(368)(17)
Income tax expense (benefit)(57)(49)(69)185100(127)
Income (loss) from continuing operations:39103(32)(466)(268)(144)
Loss from discontinued operations     (27)
Net income (loss) available to common stockholders, diluted:39103(32)(466)(268)(171)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):39103(32)(466)(268)(171)
Comprehensive income (loss), net of tax, attributable to parent:39103(32)(466)(268)(171)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: