Transatlantic Petroleum Ltd (TAT) financial statements (2020 and earlier)

Company profile

Business Address 16803 DALLAS PARKWAY
ADDISON, TX 75001
State of Incorp.
Fiscal Year End December 31
SIC 1382 - Oil and Gas Field Exploration Services (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
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1010191073513
Cash and cash equivalents1010191073513
Receivables15211822205031
Inventory, net of allowances, customer advances and progress billings7574  
Inventory7574   
Derivative instruments and hedges, assets    313 
Disposal group, including discontinued operation   25520 
Assets held-for-sale1
Other undisclosed current assets1294771124
Total current assets:444449688910968
Noncurrent Assets
Property, plant and equipment8587103118191390251
Oil and gas property, successful effort method     356218
Long-term investments and receivables4 781212 
Due from related parties4 781212 
Intangible assets, net (including goodwill)     78
Goodwill     78
Derivative instruments and hedges    319 
Other noncurrent assets412354828
Other undisclosed noncurrent assets     (394)(226)
Total noncurrent assets:9288112128210437279
TOTAL ASSETS:137133161196299546347
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20171520237137
Accounts payable5457133917
Accrued liabilities15131012113121
Debt17221635389843
Derivative instruments and hedges, liabilities1 21  4
Asset retirement obligation     01
Due to related parties4335625 
Disposal group, including discontinued operation   16667 
Deferred tax liabilities    2 
Other undisclosed current liabilities    4(53)31
Total current liabilities:42423676137151116
Noncurrent Liabilities
Long-term debt and lease obligation3 1343419126
Long-term debt, excluding current maturities3 1343419126
Liabilities, other than long-term debt22323332699931
Accounts payable and accrued liabilities1079812  
Asset retirement obligations555591110
Deferred tax liabilities, net202019275416
Liability for uncertainty in income taxes7      
Due to related parties    2121 
Other liabilities     12 
Derivative instruments and hedges, liabilities   0  4
Other undisclosed noncurrent liabilities16    (106)6
Total noncurrent liabilities:4132463610418464
Total liabilities:837482112241335179
Stockholders' equity
Stockholders' equity attributable to parent812333859211167
Common stock6555444
Treasury stock, value(1)(1)(1)(1)(1)  
Additional paid in capital582577575573569571542
Accumulated other comprehensive loss(147)(142)(125)(140)(122)(79)(65)
Accumulated deficit(433)(427)(422)(398)(392)(284)(314)
Other undisclosed stockholders' equity46464646   
Total stockholders' equity:5458798559211167
TOTAL LIABILITIES AND EQUITY:137133161196299546347

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6771576985141131
Revenue, net576985244217
Cost of revenue(30)(29)(30)(46)(47)(48)(71)
Cost of goods and services sold  (1)(4)(2)(2)(21)
Gross profit:37412722389360
Operating expenses(19)(16)(19)(22)(52)(77)(57)
Operating income (loss):192680(14)163
Nonoperating income (expense)(15)(21)(27)(16)1026(15)
Investment income, nonoperating(1)(2)(17)(3)2739(1)
Foreign currency transaction loss, before tax(5)(10)(2)(4)(6)(6)(10)
Interest and debt expense(11)(10)(9)(12)(13)(6)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes      4
Income (loss) from continuing operations before equity method investments, income taxes:(7)(6)(27)(28)(18)36(12)
Other undisclosed income from continuing operations before income taxes1110912136 
Income (loss) from continuing operations before income taxes:44(18)(16)(4)42(12)
Income tax expense(9)(10)(5)(6)(22)(13)(1)
Income (loss) from continuing operations:(5)(5)(24)(22)(27)29(13)
Income (loss) from discontinued operations   16(81)(0)(0)
Net income (loss) available to common stockholders, diluted:(5)(5)(24)(6)(108)29(14)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(5)(5)(24)(6)(108)29(14)
Comprehensive income (loss):(5)(5)(24)(6)(108)29(14)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)(17)16(19)(42)(14)(37)
Comprehensive income (loss), net of tax, attributable to parent:(11)(22)(8)(25)(150)15(51)

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: