Gran tierra energy inc. (GTE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating Activities
Net (loss) income

38,690

102,616

-31,708

-465,565

-268,029

-171,339

126,288

99,659

126,917

37,172

13,941

23,495

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depletion, depreciation and accretion

225,033

197,867

131,335

139,535

176,386

185,877

200,851

150,570

231,235

163,573

135,863

25,737

Impairment of Oil and Gas Properties

0

0

1,514

616,649

323,918

265,126

2,000

-

-

-

-

-

Deferred tax expense

40,227

4,968

44,716

-204,791

-115,442

34,350

-28,865

26,814

-28,685

-19,679

-15,355

-6,418

Stock-based (recovery) compensation (Note 6)

1,430

8,299

9,775

6,339

2,733

6,392

8,002

10,999

12,767

8,025

5,309

2,520

Amortization of Debt Issuance Costs

3,376

3,183

2,415

5,691

0

0

-

-

-

-

-

-

Cash settlement of restricted share units

0

360

564

1,234

1,392

3,371

-

-

-

-

-

-

(Gain) loss on financial instruments (Notes 3 and 12)

-

-

-

-

-

-

-

-

-

-

-277

-

Unrealized foreign exchange loss (gain)

-1,803

-11,511

-837

1,428

8,380

30,941

16,103

-17,150

2,232

-14,375

-19,496

-6,985

Financial instruments loss (Note 10)

46,215

-12,296

-15,929

-10,279

-2,027

-4,722

0

-

-

-

-

-

Cash settlement of financial instruments

3,273

33,931

-1,563

-438

3,749

-4,661

-

0

1,354

44

-

-2,882

Cash settlement of asset retirement obligation

870

519

1,336

605

6,217

796

-2,068

0

-345

-286

-52

-334

Non-cash lease expenses

1,806

-

-

-

-

-

-

-

-

-

-

-

Lease payments

1,969

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Business

0

0

-44,385

929

-

-

-

-

-

-

-

-

Gain (Loss) on Repurchase of Debt Instrument

-11,501

0

0

-

-

-

-

-

-

-

-

-

Equity tax

-

-

-

-

-

-3,283

-3,345

-3,534

2,442

0

0

-

Loss from discontinued operations, net of income taxes (Note 4)

-

-

-

-

-

-26,990

-54,735

-423

-

-

-

-

Loss on sale of business units (Note 3 and 5) and (gain) on acquisition

-

-

-

-

0

-

-

-

21,699

-

-

-

Cash settlement of foreign currency derivatives

-

-

-

-

-

-

0

-

-

-

-

-

Other loss

-

-

-

-

-

-

4,400

0

0

0

-

-

Other gain

-

-

-

-

502

2,000

0

9,336

0

-

-

-

Increase (Decrease) in Operating Capital

93,874

21,421

29,217

11,337

39,048

95,436

-

-

-

-

-

-

Net change in assets and liabilities from operating activities of continuing operations

-

-

-

-

-

-

146,598

-

-

-

-

-

Gain on acquisition (Note 3)

-

-

-

-

-

-

-

-

-

0

0

-

Net change in assets and liabilities from operating activities of continuing operations
Accounts receivable and other long-term assets

-

-

-

-

-

-

-

46,764

15,627

5,323

27,926

-34,943

Inventory

-

-

-

-

-

-

-

18,253

548

1,221

1,849

107

Prepaids

-

-

-

-

-

-

-

416

1,321

120

717

-261

Accounts payable and accrued and other long-term liabilities

-

-

-

-

-

-

-

-10,178

16,780

-3,176

36,875

10,697

Taxes receivable and payable

-

-

-

-

-

-

-

-88,253

35,422

10,522

-409

-14,840

Net cash provided by operating activities of continuing operations

-

-

-

-

-

220,952

492,493

128,881

-

-

165,453

109,737

Net cash used in operating activities of discontinued operations

-

-

-

-

-

-4,792

31,064

27,438

-

-

-

-

Net cash provided by operating activities

177,665

284,509

189,644

93,042

62,305

216,160

523,557

156,319

353,752

203,818

-

-

Investing Activities
(Increase) decrease in restricted cash

-

-

-

-

-

96

1,590

-10,954

10,197

-352

1,792

-

Additions to property, plant and equipment

379,314

347,093

251,041

127,789

156,639

391,526

345,865

238,205

333,194

152,299

80,932

55,217

Property acquisitions, net of cash acquired

77,772

53,200

34,410

19,388

0

0

-

-

-

-

-

-

Net proceeds from sale of business units

0

0

32,968

0

0

42,755

0

0

-

-

-

-

Cash paid for investments

0

0

11,000

0

0

-

-

-

-

-

-

-

Cash paid for business combinations, net of cash acquired

-

-

-

488,196

0

0

-

35,495

0

0

-

-

Proceeds from the sale of oil and gas properties

-

-

-

6,000

0

0

55,524

0

4,450

7,986

5,400

-

Proceeds from sale of marketable securities (Note 13)

-

-

-

2,325

0

0

-

-

-

-

-

-

Changes in non-cash investing working capital

-7,851

17,704

19,680

21,116

-76,844

44,499

2,274

-

-

-

-

-

Cash acquired on acquisition (Note 3)

-

-

-

-

-

-

-

-

7,747

0

0

81,912

Proceeds on sale of asset-backed commercial paper (Note 3)

-

-

-

-

-

-

-

-

22,679

0

0

-

Long term assets and liabilities

-

-

-

-

-

-

-

-

-

-

-968

-446

Net cash used in investing activities of continuing operations

-

-

-

-

-

-347,123

-289,657

-262,746

-

-

-

-

Net cash used in investing activities of discontinued operations

-

-

-

-

-

12,384

18,799

36,974

-

-

-

-

Net cash provided by investing activities of discontinued operations

-

-

-

-

-

30,371

-18,799

-36,974

-

-

-

-

Net cash used in investing activities

-464,937

-382,589

-243,803

-605,932

-233,483

-316,752

-308,456

-299,720

-308,515

-143,961

-76,356

27,141

Financing Activities
Proceeds from Issuance of Senior Long-term Debt

289,271

288,131

0

0

-

-

-

-

-

-

-

-

Proceeds from bank debt, net of issuance costs (Note 5)

342,575

4,560

167,043

256,065

0

0

-

-

-

-

-

-

Repayment of debt

349,219

153,000

110,000

252,181

0

0

-

-

-

-

-

-

Repurchase of shares of Common Stock

37,561

12,742

17,916

0

9,999

0

0

-

-

-

-

-

Proceeds from exercise of stock options

0

1,429

0

0

-

-

-

-

-

-

-

-

Settlement of bank debt (Note 3)

-

-

-

-

-

-

-

-

54,103

0

0

-

Proceeds from issuance of shares of Common Stock, net of issuance costs

-

-

-

128,273

722

11,140

3,771

4,340

5,123

24,785

4,935

21,687

Proceeds from issuance of subscription receipts, net of issuance costs

-

-

-

165,805

0

0

-

-

-

-

-

-

Proceeds from issuance of Convertible Notes, net of issuance costs

-

-

-

109,090

0

0

-

-

-

-

-

-

Net cash provided by financing activities

245,066

128,378

39,127

407,052

-9,277

11,140

3,771

4,340

-48,980

24,785

4,935

21,687

Foreign exchange loss on cash, cash equivalents and restricted cash and cash equivalents

-1,027

-2,668

-1,557

354

-6,516

-7,500

-2,696

-

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents

-43,233

27,630

-16,589

-105,484

-186,971

-96,952

216,176

-139,061

-3,743

84,642

94,032

158,565

Supplemental cash flow disclosures:
Cash paid for interest (Note 3)

-

-

-

-

-

-

-

-

1,604

0

0

-

Cash paid for income taxes

-

-

-

-

-

-

-

143,498

67,053

49,088

31,527

11,587

Non-cash investing activities:
Net liabilities related to property, plant and equipment, end of period

-

-

-

-

-

-

-

-

-

48,640

-

-

Acquisition of marketable securities as proceeds from sale of Argentina business unit

-

-

-

-

-

-

-

0

-

-

-

-

Non-cash working capital related to property, plant and equipment, end of period

-

-

-

-

-

-

-

-

-

-

17,972

11,096