Transatlantic petroleum ltd. (TAT)
Balance Sheet / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

9,664

14,452

13,707

19,734

9,892

13,576

18,715

16,251

18,926

2,757

12,253

15,300

10,034

20,605

1,600

2,339

5,700

10,576

19,323

28,151

34,740

9,429

5,161

16,708

12,881

12,271

15,920

19,428

14,768

26,169

27,879

15,087

15,116

22,132

26,304

34,676

Restricted cash

-

-

-

-

-

-

-

-

-

-

5,219

-

2,555

-

7,168

10,742

3,758

-

1,868

1,742

-

-

-

-

-

-

-

7,000

-

-

-

-

-

-

-

-

Accounts receivable, net
Oil and natural gas sales

13,299

12,032

22,339

21,852

12,912

21,563

17,997

15,554

15,808

12,891

10,935

16,428

17,885

18,452

18,864

15,508

10,300

18,816

25,537

26,938

25,456

30,837

38,796

30,940

30,619

28,949

27,742

29,446

34,158

27,784

28,649

37,507

28,495

28,518

34,535

23,077

Joint interest and other

1,218

1,567

1,113

1,061

982

907

1,121

1,569

1,576

1,914

2,388

5,216

3,230

5,625

5,905

6,047

2,548

6,860

6,858

6,287

19,918

12,168

5,974

9,218

15,348

11,280

10,951

12,888

18,192

28,243

11,628

-

23,141

-

-

-

Related party

561

853

885

898

878

1,112

1,153

1,269

1,023

1,063

790

791

762

468

479

485

408

879

554

557

602

396

192

472

1,004

618

-

-

419

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,377

6,233

-

18,541

14,966

6,326

Related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

662

644

-

87

430

-

-

1,338

1,811

3,783

Prepaid and other current assets

12,375

12,331

11,431

9,304

8,696

7,688

7,333

4,957

3,866

2,557

3,158

6,239

4,756

5,177

3,569

2,624

2,063

9,620

9,045

6,949

5,823

1,978

3,242

5,681

5,072

3,875

2,009

1,736

2,339

6,689

9,665

10,750

4,142

15,996

13,849

6,376

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

395

604

854

-

912

2,666

2,322

2,239

2,469

3,680

1,966

1,895

2,364

1,712

3,179

2,124

2,568

2,479

991

Derivative asset

-

384

218

-

-

-

-

-

-

-

794

126

-

-

913

2,644

3,235

15,853

10,377

12,560

12,518

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative asset

-

-

-

-

-

-

-

-

-

-

-

24

-

-

2,001

3,504

3,370

15,184

14,499

18,455

19,069

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,039

787

1,088

1,343

-

-

-

903

-

-

-

-

-

-

-

-

-

-

-

Note receivable - related party

-

-

-

-

5,828

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,500

11,500

-

11,500

11,500

11,500

11,500

11,500

11,500

-

-

-

-

-

Inventory

7,091

4,804

4,707

4,830

5,167

4,719

6,198

7,158

7,494

3,613

3,659

3,527

3,647

4,926

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

25,217

-

1,579

1,578

61,247

27

27

26

7,744

28

-

-

536

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

29

-

601

534

534

1,619

1,547

2,098

134,972

127,168

129,421

2,420

-

Total current assets

44,208

46,423

54,400

57,679

44,355

49,565

52,517

46,758

48,693

24,795

39,196

47,627

68,086

55,253

40,077

41,967

89,259

63,026

74,193

84,064

106,801

55,748

56,060

65,370

67,699

60,063

61,498

73,642

73,390

92,883

89,438

207,728

200,186

218,514

96,364

75,229

Property and equipment:
Oil and natural gas properties (successful efforts method)
Proved

167,948

170,237

155,392

155,808

163,006

133,982

173,942

194,577

193,647

204,895

200,686

192,761

197,214

265,145

274,115

279,287

233,143

343,289

384,929

389,962

323,994

308,470

298,369

273,968

260,857

254,070

250,491

237,270

231,498

215,958

198,090

194,736

174,608

178,303

192,519

150,407

Unproved

12,978

14,911

17,486

15,195

15,695

16,942

15,969

19,359

24,445

25,730

30,033

24,821

21,109

29,883

31,346

31,894

25,630

55,454

66,323

64,105

47,137

58,003

61,957

52,559

54,392

62,832

56,169

73,208

68,938

88,274

79,456

77,370

70,393

92,811

98,116

80,167

Equipment and other property

10,202

13,091

12,918

13,559

14,408

12,008

12,525

14,223

14,075

19,399

19,264

18,723

20,273

25,575

36,426

36,930

32,173

39,117

-

-

41,445

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment and other property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,192

41,312

-

40,467

41,285

37,784

39,916

42,229

-

-

35,747

-

-

-

-

-

-

-

Equipment and other property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,943

35,780

-

34,675

34,510

-

39,914

-

-

-

Equipment and other property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45,484

-

42,148

199,469

174,654

Property and equipment, gross

191,128

198,239

185,796

184,562

193,109

162,932

202,436

228,159

232,167

250,024

249,983

236,305

238,596

320,603

341,887

348,111

290,946

437,860

491,444

495,379

412,576

406,940

401,611

364,311

355,165

359,131

346,603

346,258

336,183

338,907

312,056

317,590

284,915

313,262

490,104

405,228

Less accumulated depreciation, depletion and amortization

106,610

108,646

103,917

102,607

105,850

90,134

114,109

127,894

129,183

132,899

130,231

121,362

120,638

162,351

164,723

160,294

122,533

134,607

143,093

137,458

141,644

132,391

127,761

111,787

104,193

98,025

91,754

87,817

80,031

78,431

69,143

62,434

49,486

34,264

60,571

36,382

Property and equipment, net

84,518

89,593

81,879

81,955

87,259

72,798

88,327

100,265

102,984

117,125

119,752

114,943

117,958

158,252

177,164

187,817

168,413

303,253

348,351

357,921

270,932

274,549

273,850

252,524

250,972

261,106

254,849

258,441

256,152

260,476

242,913

255,156

235,429

278,998

429,533

368,846

Other long-term assets:
Other assets

3,827

3,107

3,457

3,380

986

775

661

571

2,247

2,104

2,671

2,208

2,725

5,133

3,145

3,231

1,455

9,630

8,380

8,741

10,753

27,472

29,047

27,059

27,915

26,568

27,680

28,459

28,716

23,646

23,738

12,957

13,187

14,509

21,456

29,893

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,915

9,973

8,215

7,977

7,162

7,825

8,068

8,195

3,135

3,336

3,886

4,673

-

-

9,552

Note receivable - related party

3,951

4,150

4,451

4,609

-

6,068

6,287

6,507

6,726

7,027

7,185

7,405

7,624

7,911

7,964

7,964

11,500

11,500

11,500

11,500

11,500

11,500

-

-

11,500

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,471

7,710

-

Deposit on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

Deferred charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,323

3,881

-

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,284

5,987

6,161

6,935

7,057

7,574

7,344

7,535

7,906

8,355

8,891

9,021

9,011

8,902

9,071

8,514

8,715

9,865

10,341

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,192

-

-

-

118,903

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other assets

7,778

7,257

7,908

7,989

986

6,843

6,948

7,078

8,973

9,131

9,856

9,637

10,349

13,044

13,110

14,699

40,517

42,637

41,153

45,945

168,503

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

136,504

143,273

144,187

147,623

132,600

129,206

147,792

154,101

160,650

151,051

168,804

172,207

196,393

226,549

230,351

244,483

298,189

408,916

463,697

487,930

546,236

357,769

358,957

344,953

346,586

347,737

344,027

360,542

358,258

377,005

356,089

475,841

448,802

512,021

547,353

473,968

LIABILITIES, SERIES A PREFERRED SHARES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable

4,555

6,067

6,554

6,074

3,896

5,767

5,588

5,082

4,853

3,518

4,878

5,667

7,036

11,695

12,811

12,723

6,159

22,762

30,327

35,689

19,545

12,357

13,002

12,582

16,712

14,406

11,948

14,712

12,864

14,774

16,929

23,985

25,855

23,693

23,026

15,842

Accounts payable - related party

4,262

3,552

3,007

2,667

2,922

3,059

3,388

4,554

3,141

4,363

2,138

1,961

1,844

2,764

2,122

2,072

2,553

9,146

11,282

4,628

13,872

15,913

7,697

18,871

23,090

23,859

18,922

14,272

15,634

20,542

17,217

-

323

883

1,358

969

Accrued liabilities

15,244

13,956

16,759

16,877

13,073

12,848

11,990

11,131

10,014

8,660

8,359

12,390

12,492

16,878

14,524

13,999

8,366

23,477

25,184

34,159

21,238

20,293

16,477

20,047

20,658

20,385

22,235

25,662

29,972

35,541

28,851

18,560

25,104

20,198

23,573

10,329

Loan payable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

84,000

73,000

73,000

77,932

75,804

Derivative liability

966

414

651

110

-

3,661

2,882

1,633

2,215

571

-

-

596

-

-

-

-

-

-

-

-

1,424

8,279

3,384

3,737

2,721

1,516

3,618

3,908

4,315

1,180

8,256

3,716

2,221

5,837

1,612

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,611

1,448

2,005

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset retirement obligations - current

-

-

-

-

-

4

4

2

-

-

-

-

-

-

-

-

-

235

270

282

323

377

397

394

610

916

968

813

818

3,275

3,303

3,605

3,031

-

-

-

Loans payable

17,143

18,912

19,772

21,186

22,000

20,750

19,175

15,100

15,625

12,375

25,950

25,950

35,000

53,903

25,223

34,341

31,874

-

31,601

32,887

34,833

33,577

28,288

26,700

43,284

-

39,766

39,766

-

-

0

4,542

7,732

8,130

15,046

30,869

Loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,001

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan payable - related party

-

-

-

-

-

-

-

-

-

-

525

525

3,194

24,143

3,593

3,593

3,593

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities held for sale - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,671

-

-

-

11,416

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

15,938

-

16,017

16,004

79,514

6,506

6,421

6,348

47,763

7,095

-

-

7,559

-

-

-

-

-

-

24,076

-

-

-

-

Liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,533

7,455

-

7,355

7,169

-

8,416

-

-

-

-

-

-

-

Liabilities held for sale - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,863

3,677

4,154

-

-

Liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,077

-

9,472

9,372

-

22,187

15,775

-

-

Total current liabilities

42,170

42,901

46,743

46,914

41,891

46,089

43,027

37,502

35,848

29,487

41,850

46,493

76,100

109,383

74,290

82,732

135,730

96,738

106,533

115,998

148,990

91,036

81,673

89,433

115,650

69,642

62,758

66,154

71,612

87,919

76,852

168,887

164,625

148,054

146,772

135,425

Long-term liabilities:
Asset retirement obligations

4,749

4,836

4,506

4,490

4,667

3,353

4,143

4,680

4,727

4,940

4,937

4,701

4,833

9,270

9,484

9,590

5,521

9,044

9,938

10,030

10,220

10,202

10,830

10,291

10,286

10,362

10,750

11,052

11,140

10,973

10,438

11,111

10,503

13,069

14,079

6,943

Accrued liabilities

10,370

9,994

9,667

9,620

7,259

6,156

7,838

8,721

8,810

9,138

8,860

8,304

8,126

12,203

12,101

12,740

10,908

11,317

12,397

-

7,736

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,631

-

6,779

-

-

6,487

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,785

6,439

-

6,323

6,822

7,311

7,548

793

5,181

5,631

5,538

4,484

4,690

724

Deferred income taxes

22,728

22,720

21,845

20,531

20,314

16,894

16,957

19,161

19,611

20,494

20,725

19,077

18,806

26,810

27,775

27,919

22,603

48,585

51,613

52,147

24,946

20,064

19,018

17,824

16,134

17,116

17,722

17,251

16,483

19,216

17,485

15,562

15,508

20,477

20,589

22,835

Loans payable

2,857

7,143

11,428

15,714

-

5,450

11,200

9,400

13,000

-

-

4,125

3,750

9,375

34,350

34,350

34,400

76,849

-

-

80,089

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans payable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

426

2,932

Derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

242

-

-

-

-

-

-

-

-

552

5,716

2,869

4,230

3,048

2,038

4,696

4,882

4,933

1,775

9,775

3,355

59

4,225

1,905

Loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90,648

95,784

-

58,066

59,766

49,766

26,482

49,766

-

-

32,766

32,766

32,766

78,000

78,000

78,000

67,931

27,147

Loan payable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,650

20,650

20,600

20,800

20,800

20,800

20,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,505

-

-

-

41,991

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total long-term liabilities

40,704

44,693

47,446

50,355

32,240

31,853

40,138

41,962

46,148

34,572

34,522

36,207

35,757

57,658

104,360

105,249

103,537

166,595

185,396

189,392

185,782

95,663

102,115

87,189

63,619

86,615

77,098

80,076

72,819

68,681

67,645

120,079

112,904

116,089

111,940

62,486

Total liabilities

82,874

87,594

94,189

97,269

74,131

77,942

83,165

79,464

81,996

64,059

76,372

82,700

111,857

167,041

178,650

187,981

239,267

263,333

291,929

305,390

334,772

186,699

183,788

176,622

179,269

156,257

139,856

146,230

144,431

156,600

144,497

288,966

277,529

264,143

258,712

197,911

Commitments and contingencies

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Shareholders' equity:
Common shares, $0.10 par value, 200,000,000 shares authorized; 62,230,058 shares and 52,413,588 shares issued and outstanding as of December 31, 2019 and 2018, respectively

6,223

5,771

5,273

5,249

5,241

5,061

5,059

5,038

5,032

4,773

4,771

4,731

4,722

4,721

4,716

4,111

4,102

4,101

4,099

4,079

4,071

3,748

3,745

3,740

3,734

3,734

3,693

3,689

3,687

3,687

3,665

3,665

3,658

3,657

3,650

3,364

Treasury shares

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

943

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in-capital

582,359

580,843

577,538

577,493

577,488

575,711

575,591

575,506

575,411

573,691

573,557

573,370

573,278

573,153

573,034

569,513

569,365

569,020

572,706

571,331

571,150

542,966

542,725

542,421

542,091

541,704

538,837

538,342

537,962

536,887

536,663

535,203

533,907

533,726

533,127

465,973

Accumulated other comprehensive loss

-147,347

-145,855

-146,663

-146,247

-142,021

-147,983

-136,218

-127,109

-124,766

-118,488

-117,265

-119,397

-140,316

-124,867

-120,881

-118,616

-121,590

-129,589

-107,846

-102,929

-79,310

-75,844

-63,188

-68,280

-64,985

-55,017

-44,391

-30,848

-28,012

-32,586

-35,896

-36,241

-50,236

-53,094

-8,415

1,833

Accumulated deficit

-432,685

-430,160

-431,230

-431,221

-427,319

-426,604

-424,884

-423,878

-422,103

-418,064

-413,711

-414,277

-398,228

-392,529

-404,198

-397,536

-391,985

-297,006

-297,191

-289,941

-284,447

-299,800

-308,113

-309,550

-313,523

-298,941

-293,968

-296,871

-299,810

-287,583

-292,840

-315,752

-316,056

-236,411

-239,721

-195,113

Total shareholders' equity

7,580

9,629

3,948

4,304

12,419

5,215

18,578

28,587

32,604

40,942

46,382

43,457

38,486

59,508

51,701

56,502

58,922

145,583

171,768

182,540

211,464

171,070

175,169

168,331

167,317

191,480

204,171

214,312

213,827

220,405

211,592

186,875

171,273

247,878

288,641

276,057

Total liabilities, Series A preferred shares and shareholders' equity

136,504

143,273

144,187

147,623

132,600

129,206

147,792

154,101

160,650

151,051

168,804

172,207

196,393

226,549

230,351

244,483

298,189

408,916

463,697

487,930

546,236

357,769

358,957

344,953

346,586

347,737

344,027

360,542

358,258

377,005

356,089

475,841

448,802

512,021

547,353

473,968

Series A Preferred Shares [Member]
Preferred shares, value

5,000

21,300

21,300

21,300

21,300

-

-

-

21,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-