Transatlantic Petroleum Ltd (TAT) financial statements (2021 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)

9/30/2020
TTM
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 investments 10101910735
Cash and cash equivalents 10101910735
Receivables 152118222050
Inventory, net of allowances, customer advances and progress billings 7574  
Inventory 7574  
Derivative instruments and hedges, assets     313
Disposal group, including discontinued operation    25520
Other undisclosed current assets 12947711
Total current assets: 4444496889109
Noncurrent Assets
Property, plant and equipment 8587103118191390
Oil and gas property, successful effort method      356
Long-term investments and receivables 4 781212
Due from related parties 4 781212
Intangible assets, net (including goodwill)      7
Goodwill      7
Derivative instruments and hedges     319
Other noncurrent assets 4123548
Other undisclosed noncurrent assets      (394)
Total noncurrent assets: 9288112128210437
TOTAL ASSETS: 137133161196299546
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 201715202371
Accounts payable 54571339
Accrued liabilities 151310121131
Debt 172216353898
Derivative instruments and hedges, liabilities 1 21  
Asset retirement obligation      0
Due to related parties 4335625
Disposal group, including discontinued operation    16667
Deferred tax liabilities    2
Other undisclosed current liabilities     4(53)
Total current liabilities: 42423676137151
Noncurrent Liabilities
Long-term debt and lease obligation 3 13434191
Long-term debt, excluding current maturities 3 13434191
Liabilities, other than long-term debt 223233326999
Accounts payable and accrued liabilities 1079812 
Asset retirement obligations 5555911
Deferred tax liabilities, net2020192754
Liability for uncertainty in income taxes 7     
Due to related parties     2121
Other liabilities      12
Derivative instruments and hedges, liabilities    0  
Other undisclosed noncurrent liabilities 16    (106)
Total noncurrent liabilities: 41324636104184
Total liabilities: 837482112241335
Stockholders' equity
Stockholders' equity attributable to parent 812333859211
Common stock 655544
Treasury stock, value (1)(1)(1)(1)(1) 
Additional paid in capital 582577575573569571
Accumulated other comprehensive loss (147)(142)(125)(140)(122)(79)
Accumulated deficit (433)(427)(422)(398)(392)(284)
Other undisclosed stockholders' equity 46464646  
Total stockholders' equity: 5458798559211
TOTAL LIABILITIES AND EQUITY: 137133161196299546

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 6771576985141
Revenue, net576985244
Cost of revenue (30)(29)(30)(46)(47)(48)
Gross profit: 374127223893
Operating expenses (19)(16)(19)(22)(52)(77)
Operating income (loss): 192680(14)16
Nonoperating income (expense) (15)(21)(27)(16)1026
Investment income, nonoperating (1)(2)(17)(3)2739
Foreign currency transaction loss, before tax (5)(10)(2)(4)(6)(6)
Interest and debt expense (11)(10)(9)(12)(13)(6)
Income (loss) from continuing operations before equity method investments, income taxes: (7)(6)(27)(28)(18)36
Other undisclosed income from continuing operations before income taxes 1110912136
Income (loss) from continuing operations before income taxes: 44(18)(16)(4)42
Income tax expense (9)(10)(5)(6)(22)(13)
Income (loss) from continuing operations: (5)(5)(24)(22)(27)29
Income (loss) from discontinued operations    16(81)(0)
Net income (loss) available to common stockholders, diluted: (5)(5)(24)(6)(108)29

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (5)(5)(24)(6)(108)29
Comprehensive income (loss): (5)(5)(24)(6)(108)29
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (5)(17)16(19)(42)(14)
Comprehensive income (loss), net of tax, attributable to parent: (11)(22)(8)(25)(150)15

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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