GRAN TIERRA ENERGY INC. GTE Cash Flow

Gran tierra energy inc. (GTE)

CashFlow / TTM

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
-214,915	38,690	846	104,974	86,734	102,616	72,654	489	-26,618	-31,708	-118,261	-351,010	-407,762	-465,565	-420,932	-293,190	-268,195	-268,029	-455,096	-309,035	-261,334	-171,339	85,985	74,858	113,504	126,288	181,016	192,564	157,885	99,659	89,948	94,428	112,891	126,917	107,483	55,121	40,925	37,172	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depletion, depreciation and accretion
219,406	225,033	224,599	226,417	221,327	197,867	175,065	158,714	144,203	131,335	128,978	129,428	129,216	139,535	137,568	156,854	164,158	176,386	189,083	188,004	190,753	185,877	183,665	180,998	186,703	200,851	169,911	163,686	148,615	150,570	209,043	213,851	228,245	231,235	216,509	201,911	186,587	163,573	0	0	0
Goodwill impairment (Note 4)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory impairment (Note 4)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Oil and Gas Properties
-	-	-	-	-	-	-	-	-	-	-	-	560,034	616,649	576,356	406,360	343,802	323,918	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax expense
66,527	40,227	36,886	-8,383	-214	4,968	7,934	58,463	46,819	44,716	-1,925	-126,136	-166,276	-204,791	-211,863	-163,954	-140,222	-115,442	-36,862	27,952	34,254	34,350	-3,940	-13,991	-23,675	-28,865	12,175	21,149	24,614	26,814	-22,813	-33,329	-33,748	-28,685	-6,380	-7,054	-9,812	-19,679	0	0	0
Stock-based (recovery) compensation (Note 6)
-2,352	1,430	-11,086	-803	6,717	8,299	25,317	16,794	11,881	9,775	6,894	6,000	6,082	6,339	4,987	5,142	4,706	2,733	0	0	0	-	-	-	7,415	8,002	6,650	8,187	9,874	10,999	13,238	13,744	12,506	12,767	11,984	10,610	10,116	8,025	0	0	0
Amortization of Debt Issuance Costs
3,382	3,376	3,428	3,455	3,351	3,183	2,876	2,703	2,480	2,415	4,746	6,287	6,156	5,691	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash settlement of restricted share units
-	-	-	-	-	360	390	423	366	564	558	549	879	1,234	1,239	1,264	1,110	1,392	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized foreign exchange loss (gain)
-25,885	-1,803	-16,655	-9,571	-9,272	-11,511	-1,300	-592	-2,612	-837	4,169	402	4,064	1,428	-7,150	2,766	2,494	8,380	37,110	41,072	32,832	30,941	6,177	-6,830	13,537	16,103	13,772	17,380	10,945	-17,150	-12,465	2,170	-23,577	2,232	13,386	-44,474	-22,624	-14,375	0	0	0
Financial instruments loss (Note 10)
-3,038	46,215	-2,566	14,593	-8,515	-12,296	-27,980	-34,529	-28,314	-15,929	-3,244	-3,620	-3,995	-10,279	-2,589	-3,208	-2,914	-2,027	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash settlement of financial instruments
-434	3,273	10,037	19,793	28,334	33,931	26,124	12,704	5,022	-1,563	-1,518	825	-1,162	-438	-438	-47	1,348	3,749	-3,135	-1,263	-4,713	-4,661	0	0	0	-	-	-	-	-	-	-	-	1,354	1,354	1,442	150	44	0	0	0
Cash settlement of asset retirement obligation
680	870	770	660	544	519	1,330	1,407	1,515	1,336	571	439	514	605	1,945	4,717	4,896	6,217	5,353	2,760	2,221	796	0	0	0	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-
Non-cash lease expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease payments
2,484	1,969	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of asset retirement obligation (Note 7)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Equity tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,442	0	0	0	-	-	-	-
Loss from discontinued operations, net of income taxes (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26,990	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of business units (Note 3 and 5) and (gain) on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,712	11,712	11,712	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,400	-4,400	-4,400	-4,400	0	0	0	0	-	-	-	-	-	-	-	-
Increase (Decrease) in Operating Capital
80,626	93,874	64,375	53,621	47,907	21,421	41,764	39,099	37,611	29,217	57,539	32,819	5,760	11,337	-6,417	-826	14,469	39,048	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized financial instrument gain (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on acquisition (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Net change in assets and liabilities from operating activities of continuing operations
Accounts receivable and other long-term assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-14,318	29,876	3,286	46,764	0	0	0	-	-	-	42,151	5,323	0	0	0
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-4,108	-8,299	2,110	18,253	10,321	13,820	5,784	548	1,218	1,921	582	1,221	0	0	0
Prepaids
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,593	-47	56	416	458	956	1,108	1,321	-94	708	282	120	0	0	0
Accounts payable and accrued and other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	7,450	9,306	9,126	-10,178	-1,956	-9,279	5,501	16,780	-1,998	8,532	-8,136	-3,176	0	0	0
Taxes receivable and payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	51,960	31,669	-73,922	-88,253	-33,517	-28,720	46,916	35,422	29,635	-12,485	31,370	10,522	0	0	0
Net cash provided by operating activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	220,952	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,792	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
137,880	177,665	209,732	246,590	258,700	284,509	280,341	253,042	210,793	189,644	129,150	122,354	132,173	93,042	90,125	94,961	70,772	62,305	132,573	197,833	182,341	216,160	316,636	298,672	449,930	523,557	489,474	430,351	279,590	156,319	229,087	295,375	371,498	353,752	243,027	183,974	170,147	203,818	0	0	0
Investing Activities
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	675	767	1,100	96	-4,223	-3,046	345	1,590	-27,722	-29,675	-41,253	-10,954	32,161	25,064	35,634	10,197	44	8,448	5,960	-352	0	0	0
Additions to property, plant and equipment
329,102	379,314	399,121	384,089	368,888	347,093	333,873	304,104	277,575	251,041	233,841	187,227	147,769	127,789	111,513	109,908	109,373	156,639	0	0	0	-	-	-	326,646	345,865	265,692	228,915	247,600	238,205	303,240	329,430	333,661	333,194	315,418	283,793	202,743	152,299	0	0	0
Property acquisitions, net of cash acquired
3,945	77,772	110,872	127,872	127,027	53,200	0	0	0	-	-	-	-	19,388	19,388	19,388	19,388	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sale of business units
-	-	-	-	-	-	-	-	-	32,968	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit received for Brazil Divestiture (Note 1)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for business combinations, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	488,196	457,183	40,201	40,201	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,450	9,639	10,039	10,639	7,986	0	0	0
Changes in non-cash investing working capital
-23,535	-7,851	5,204	34,962	13,581	17,704	36,271	14,165	23,434	19,680	45,199	31,548	19,269	21,116	-8,136	-10,794	-22,470	-76,844	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash acquired on acquisition (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,747	0	0	0	-	-	-	-
Proceeds on sale of asset-backed commercial paper (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,679	0	0	0	-	-	-	-
Long term assets and liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash used in investing activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-347,123	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,371	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-356,582	-464,937	-504,789	-476,999	-482,334	-382,589	-334,215	-314,252	-270,083	-243,803	-208,047	-586,578	-564,670	-605,932	-595,730	-179,971	-190,935	-233,483	-288,605	-358,050	-370,380	-316,752	-315,720	-253,466	-294,979	-308,456	-268,019	-280,509	-278,816	-299,720	-334,204	-353,297	-368,098	-308,515	-275,425	-251,796	-167,670	-143,961	0	0	0
Financing Activities
Proceeds from Issuance of Senior Long-term Debt
-	-	-	-	-	288,131	288,087	288,087	288,368	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bank debt, net of issuance costs (Note 5)
313,584	342,575	245,572	162,572	116,572	4,560	56,767	73,727	153,560	167,043	151,160	354,369	274,536	256,065	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt
346,219	349,219	304,000	163,000	3,000	153,000	178,000	230,000	240,000	110,000	227,000	285,181	275,181	252,181	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of shares of Common Stock
31,407	37,561	48,988	35,485	17,702	12,742	9,230	9,124	19,110	17,916	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	1,429	1,408	845	74	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease payments
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of bank debt (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54,103	0	0	0	-	-	-	-
Proceeds from issuance of shares of Common Stock, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	128,273	5,289	5,472	1,418	722	565	4,627	11,014	11,140	11,473	7,871	2,788	3,771	0	0	0	-	-	-	-	5,123	4,475	8,804	8,601	24,785	0	0	0
Employee Service Share-based Compensation, Cash Received from Exercise of Stock Options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net cash provided by financing activities
225,331	245,066	181,947	253,832	96,643	128,378	159,032	123,535	182,892	39,127	37,264	348,106	401,325	407,052	386,789	104,371	-8,581	-9,277	-6,051	4,629	11,014	11,140	11,473	7,871	2,788	3,771	4,018	3,608	5,060	4,340	6,338	-24,905	-27,225	-48,980	-49,628	-14,049	-14,252	24,785	0	0	0
Foreign exchange loss on cash, cash equivalents and restricted cash and cash equivalents
-991	-1,027	-3,772	-3,672	-3,817	-2,668	-899	-451	-1,368	-1,557	-254	-2,767	-326	354	-772	-1,698	-2,394	-6,516	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents
5,638	-43,233	-116,882	19,751	-130,808	27,630	104,259	61,874	122,234	-16,589	-41,887	-118,885	-31,498	-105,484	-119,588	17,663	-131,138	-186,971	-173,452	-165,960	-187,493	-96,952	7,366	50,381	155,043	216,176	225,473	153,450	5,834	-139,061	-98,779	-82,827	-23,825	-3,743	-82,026	-81,871	-11,775	84,642	0	0	0
Supplemental cash flow disclosures:
Cash paid for interest (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,604	1,604	1,344	668	0	0	0	0
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,407	16,647	142,868	143,498	142,812	142,330	71,093	67,053	71,374	80,781	48,634	49,088	0	0	0
Non-cash investing activities:
Non-cash working capital related to property, plant and equipment, end of period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0