GRAN TIERRA ENERGY INC. GTE Cash Flow

Gran tierra energy inc. (GTE)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating Activities
Net (loss) income
-251,626	27,004	-28,833	38,540	1,979	-10,840	75,295	20,300	17,861	-40,802	3,130	-6,807	12,771	-127,355	-229,619	-63,559	-45,032	-82,722	-101,877	-38,564	-44,866	-269,789	44,184	9,137	45,129	-12,465	33,057	47,783	57,913	42,263	44,605	13,104	-313	32,552	49,085	31,567	13,713	13,118	-3,277	17,371	9,960
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depletion, depreciation and accretion
57,294	60,603	49,812	51,697	62,921	60,169	51,630	46,607	39,461	37,367	35,279	32,096	26,593	35,010	35,729	31,884	36,912	33,043	55,015	39,188	49,140	45,740	53,936	41,937	44,264	43,528	51,269	47,642	58,412	12,588	45,044	32,571	60,367	71,061	49,852	46,965	63,357	56,335	35,254	31,641	40,343
Goodwill impairment (Note 4)
102,600	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory impairment (Note 4)
3,900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Oil and Gas Properties
-	-	-	-	-	-	-	-	-	-	-	-	283	146,934	319,974	92,843	56,898	106,641	149,978	30,285	37,014	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax expense
34,600	8,427	8,500	15,000	8,300	5,086	-36,769	23,169	13,482	8,052	13,760	11,525	11,379	-38,589	-110,451	-28,615	-27,136	-45,661	-62,542	-4,883	-2,356	32,919	2,272	1,419	-2,260	-5,371	-7,779	-8,265	-7,450	35,669	1,195	-4,800	-5,250	-13,958	-9,321	-5,219	-187	8,347	-9,995	-7,977	-10,054
Stock-based (recovery) compensation (Note 6)
-2,055	338	-8	-627	1,727	-12,178	10,275	6,893	3,309	4,840	1,752	1,980	1,203	1,959	858	2,062	1,460	607	1,013	1,626	-513	-	-	-	1,480	2,497	1,395	2,043	2,067	1,145	2,932	3,730	3,192	3,384	3,438	2,492	3,453	2,601	2,064	1,998	1,362
Amortization of Debt Issuance Costs
844	802	789	947	838	854	816	843	670	547	643	620	605	2,878	2,184	489	140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash settlement of restricted share units
-	-	-	-	-	0	0	240	120	30	33	183	318	24	24	513	673	29	49	359	955	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized foreign exchange loss (gain)
-20,799	3,500	-6,412	-2,174	3,283	-11,352	672	-1,875	1,044	-1,141	1,380	-3,895	2,819	3,865	-2,387	-233	183	-4,713	7,529	-505	6,069	24,017	11,491	-8,745	4,178	-747	-1,516	11,622	6,744	-3,078	2,092	5,187	-21,351	1,607	16,727	-20,560	4,458	12,761	-41,133	1,290	12,707
Financial instruments loss (Note 10)
-52,418	43,325	-12,285	18,340	-3,165	-5,456	4,874	-4,768	-6,946	-21,140	-1,675	1,447	5,439	-8,455	-2,051	1,072	-845	-765	-2,670	1,366	42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash settlement of financial instruments
-3,487	998	930	1,125	220	7,762	10,686	9,666	5,817	-45	-2,734	1,984	-768	0	-391	-3	-44	0	0	1,392	2,357	-6,884	1,872	-2,058	2,409	-	-	-	-	-	-	-	-	0	0	1,292	62	0	88	0	-44
Cash settlement of asset retirement obligation
27	163	197	293	217	63	87	177	192	874	164	285	13	109	32	360	104	1,449	2,804	539	1,425	585	211	0	0	-	-	-	-	-404	808	0	-404	-	-	-	-	-	-	-	-
Non-cash lease expenses
490	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease payments
515	366	755	848	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of asset retirement obligation (Note 7)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-	-	-	-
Equity tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-299	-3,510	119	6,132	-	-	-	-
Loss from discontinued operations, net of income taxes (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-22,347	-4,643	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of business units (Note 3 and 5) and (gain) on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11,712	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,800	0	0	-4,400	0	0	0	0	-	-	-	-	-	-	-	-
Increase (Decrease) in Operating Capital
16,702	10,268	13,412	40,244	29,950	-19,231	2,658	34,530	3,464	1,112	-7	33,042	-4,930	29,434	-24,727	5,983	647	11,680	-19,136	21,278	25,226	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized financial instrument gain (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on acquisition (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2,601	24,300	-	-	-	-
Net change in assets and liabilities from operating activities of continuing operations
Accounts receivable and other long-term assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,638	14,466	53,396	-	34,794	-28,607	29,387	-49,892	78,988	-55,197	72,865	-	-	-	83,036	-29,872	70,630	-81,643	46,208
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,660	8,774	574	-	475	-1,424	-11,643	8,484	-3,716	8,985	4,500	552	-217	949	-736	1,222	486	-390	-97
Prepaids
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-923	-1,091	-551	-	1,707	-875	258	1,503	-933	-772	618	1,545	-435	-620	831	130	367	-1,046	669
Accounts payable and accrued and other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,728	26,559	-16,812	-	751	5,648	-14,731	15,782	2,607	5,468	-34,035	24,004	-4,716	20,248	-22,756	5,226	5,814	3,580	-17,796
Taxes receivable and payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,222	-95,767	18,461	-	43,272	3,734	33,926	-28,972	22,981	-101,857	19,595	25,764	27,778	-26,221	8,101	19,977	-14,342	17,634	-12,747
Net cash provided by operating activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73,994	118,271	-6,212	34,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-6,057	1,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
5,498	39,238	45,412	47,732	45,283	71,305	82,270	59,842	71,092	67,137	54,971	17,593	49,943	6,643	48,175	27,412	10,812	3,726	53,011	3,223	2,345	73,994	118,271	-12,269	36,164	174,470	100,307	138,989	109,791	140,387	41,184	-11,772	-13,480	213,155	107,472	64,351	-31,226	102,430	48,419	50,524	2,445
Investing Activities
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-618	-177	497	973	-526	156	-507	-3,346	651	3,547	738	-32,658	-1,302	-8,031	31,037	10,457	-8,399	2,539	5,600	304	5	51	-712
Additions to property, plant and equipment
44,277	68,735	116,495	99,595	94,489	88,542	101,463	84,394	72,694	75,322	71,694	57,865	46,160	58,122	25,080	18,407	26,180	41,846	23,475	17,872	73,446	-	-	-	68,159	96,259	80,252	81,976	87,378	16,086	43,475	100,661	77,983	81,121	69,665	104,892	77,516	63,345	38,040	23,842	27,072
Property acquisitions, net of cash acquired
0	0	0	3,945	73,827	33,100	17,000	3,100	0	-	-	-	-	0	0	0	19,388	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sale of business units
-	-	-	-	-	-	-	-	-	-1,513	0	30,981	3,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit received for Brazil Divestiture (Note 1)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for business combinations, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	31,013	416,982	0	40,201	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,197	0	0	3,253	6,386	400	600	600
Changes in non-cash investing working capital
-17,850	-27,989	9,022	13,282	-2,166	-14,934	38,780	-8,099	1,957	3,633	16,674	1,170	-1,797	29,152	3,023	-11,109	50	-100	365	-22,785	-54,324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash acquired on acquisition (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,747	-	-	-	-
Proceeds on sale of asset-backed commercial paper (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	22,679	-	-	-	-
Long term assets and liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8	12	-32
Net cash used in investing activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-97,366	-91,937	-90,168	-67,652	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,755	0	-5,397	-6,987	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-62,127	-96,724	-107,473	-90,258	-170,482	-136,576	-79,683	-95,593	-70,737	-88,202	-59,720	-51,424	-44,457	-52,446	-438,251	-29,516	-85,719	-42,244	-22,492	-40,480	-128,267	-97,366	-91,937	-52,810	-74,639	-96,334	-29,683	-94,323	-88,116	-55,897	-42,173	-92,630	-109,020	-90,381	-61,266	-107,431	-49,437	-57,291	-37,637	-23,305	-25,728
Financing Activities
Proceeds from Issuance of Senior Long-term Debt
-	-	-	-	-	44	0	-281	288,368	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bank debt, net of issuance costs (Note 5)
88,009	96,575	83,000	46,000	117,000	-428	0	0	4,988	51,779	16,960	79,833	18,471	35,896	220,169	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt
0	45,219	141,000	160,000	3,000	0	0	0	153,000	25,000	52,000	10,000	23,000	142,000	110,181	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of shares of Common Stock
0	1	13,609	17,797	6,154	11,428	106	14	1,194	7,916	0	10,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	21	563	771	74	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease payments
243	-	-	-	345	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of bank debt (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	31,250	0	22,853	-	-	-	-
Proceeds from issuance of shares of Common Stock, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	123,104	-181	4,152	1,198	120	2	98	502	-37	4,064	6,485	628	296	462	1,402	1,611	-	-	-	-	2,541	59	534	1,989	1,893	4,388	331	18,173
Employee Service Share-based Compensation, Cash Received from Exercise of Stock Options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	891	-	-	-	-	-	-	-	-
Net cash provided by financing activities
87,766	51,328	-71,428	157,665	107,501	-11,791	457	476	139,236	18,863	-35,040	59,833	-4,529	17,000	275,802	113,052	1,198	-3,263	-6,616	100	502	-37	4,064	6,485	628	296	462	1,402	1,611	543	52	2,854	891	2,541	-31,191	534	-20,864	1,893	4,388	331	18,173
Foreign exchange loss on cash, cash equivalents and restricted cash and cash equivalents
-450	479	-433	-587	-486	-2,266	-333	-732	663	-497	115	-1,649	474	806	-2,398	792	1,154	-320	-3,324	96	-2,968	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents
30,687	-5,679	-133,922	114,552	-18,184	-79,328	2,711	-36,007	140,254	-2,699	-39,674	24,353	1,431	-27,997	-116,672	111,740	-72,555	-42,101	20,579	-37,061	-128,388	-28,582	28,071	-58,594	-37,847	75,736	71,086	46,068	23,286	85,033	-937	-101,548	-121,609	125,315	15,015	-42,546	-101,527	47,032	15,170	27,550	-5,110
Supplemental cash flow disclosures:
Cash paid for interest (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	260	676	668	0	0	0	0
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,347	-472	13,103	3,429	587	125,749	13,733	2,743	105	54,512	9,693	7,064	9,512	22,365	10,147
Non-cash investing activities:
Non-cash working capital related to property, plant and equipment, end of period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,695	-3,580	42,698	-	9,527	10,892	10,328