Gran Tierra Energy Inc. (GTE) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2662103843725
Cash and cash equivalents26148511225
Short-term investments 48953325 
Restricted cash and investments0011128
Receivables59581721048672
Inventory, net of allowances, customer advances and progress billings    78
Inventory    78
Prepaid expense    35
Other current assets17131513  
Other undisclosed current assets    013
Total current assets:102134291203145132
Noncurrent Assets
Nontrade receivables184326   
Property, plant and equipment9969641,5771,3131,0991,067
Long-term investments and receivables   9  
Long-term investments   9  
Intangible assets, net (including goodwill)  103103103103
Goodwill  103103103103
Restricted cash and investments5  23 
Deferred income tax assets615744
Other noncurrent assets12345624
Other undisclosed noncurrent assets(5)  437443
Total noncurrent assets:1,0871,0681,7541,4741,2841,236
TOTAL ASSETS:1,1891,2022,0451,6771,4301,368
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:149101196155126107
Taxes payable70 4939
Other undisclosed accounts payable and accrued liabilities14210119615111768
Debt70     
Derivative instruments and hedges, liabilities 1211214
Asset retirement obligation   005
Business combination, contingent consideration, liability    4 
Other undisclosed current liabilities91314539
Total current liabilities:228114199169157155
Noncurrent Liabilities
Long-term debt and lease obligation587775700399257197
Long-term debt, excluding current maturities587775700399257197
Liabilities, other than long-term debt58521074651157
Asset retirement obligations554843443138
Deferred tax liabilities, net  107
Deferred income tax liabilities  60
Other liabilities34432011
Other undisclosed noncurrent liabilities14453228 
Total noncurrent liabilities:659831813477336354
Total liabilities:8879451,012647493509
Stockholders' equity
Stockholders' equity attributable to parent3022571,0331,030936859
Common stock101010101010
Additional paid in capital1,2881,2851,2831,3181,3271,343
Accumulated deficit(996)(1,038)(260)(299)(401)(494)
Total stockholders' equity:3022571,0331,030936859
TOTAL LIABILITIES AND EQUITY:1,1891,2022,0451,6771,4301,368

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues4742385712423288
Revenue, net422289
Net investment income 01212
Cost of revenue(282)(955)(286)(313)(148)(822)
Gross profit:192(718)285(311)275(534)
Operating expenses(169)(136)(177)(151)(193)(120)
Other operating income, net
(Other Nonrecurring (Income) Expense)
     1
Operating income (loss):23(853)108(462)82(653)
Nonoperating income (expense)(73)(4)(1)(10)(2)1
Investment income, nonoperating(52)     
Foreign currency transaction gain (loss), before tax(20)(4)(1)(10)(2)1
Interest and debt expense(54)(54)(43)(27)(14)(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 5832651(28)16
Income (loss) from continuing operations before equity method investments, income taxes:(104)(853)9615137(650)
Other undisclosed income from continuing operations before income taxes127     
Income (loss) from continuing operations before income taxes:23(853)9615137(650)
Income tax expense (benefit)1975(57)(49)(69)185
Net income (loss) available to common stockholders, diluted:42(778)39103(32)(466)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):42(778)39103(32)(466)
Comprehensive income (loss), net of tax, attributable to parent:42(778)39103(32)(466)

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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