Transatlantic petroleum ltd. (TAT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities:
Net loss

-5,366

-5,216

-23,875

-6,243

-107,538

29,076

-13,713

16,246

-120,943

-69,746

-62,017

Adjustment for net (income) loss from discontinued operations

-

-

-

16,202

-80,873

-138

-442

22,619

-43,369

-40,201

-

Adjustment for net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-21,956

Net loss from continuing operations

-

-

-

-22,445

-26,665

29,214

-13,271

-6,373

-77,574

-29,545

-40,061

Adjustments to reconcile net loss to net cash provided by operating activities:
Share-based compensation

419

455

693

629

1,688

1,434

1,716

2,559

1,212

1,773

1,640

Foreign currency loss

-5,136

-13,299

440

-3,091

-5,910

-6,448

-

-

-

-

-

Foreign currency loss

-

-

-

-

-

-

8,620

3,843

-

-

-

Loss on commodity derivative contracts

-966

-1,797

-1,852

-3,257

27,457

37,454

-2,698

-5,548

-

-

-

Foreign currency loss

-

-

-

-

-

-

-

-

-14,690

-597

492

Loss (gain) on commodity derivative contracts

-

-

-

-

-

-

-

-

-8,426

-1,595

-1,922

Cash settlement on commodity derivative contracts

-

4,012

-32

-4,188

-57,076

2,100

3,521

3,829

4,854

-

-

Amortization on loan financing costs

41

42

82

1,201

1,677

1,025

510

1,991

1,630

1,336

-

Interest on Series A Preferred Shares paid in common shares

5,526

1,842

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

422

1,487

-

-

-

-

-

Deferred income tax expense

5,775

6,854

3,356

-25

18,642

11,875

979

1,817

-4,951

-2,338

-1,054

Inventory write down

-

-

-

-

-

-

-

1,390

0

-

-

Amortization of warrants - related party

-

-

-

-

-

-

-

-

1,972

2,358

-

Exploration, abandonment and impairment

6,267

401

934

5,963

21,544

19,864

27,333

39,993

60,952

-

-

Exploration, abandonment and impairment

-

-

-

-

-

-

-

-

-

5,343

290

Depreciation, depletion and amortization

13,227

14,059

16,925

29,025

37,707

48,594

41,322

28,215

39,008

13,998

4,371

Accretion of asset retirement obligations

213

174

190

373

368

406

508

710

1,142

470

164

Gain on sale of gas gathering facility

-

-

-

620

-

-

-

-

-

-

-

Loss on Sale of TBNG

-

-

-15,226

-

-

-

-

-

-

-

-

Derivative put costs

-

-

-

-

-4,638

-

-

-

-

-

-

Revaluation of contingent consideration

-

-

-

-

-

2,500

5,000

-

-6,000

-

-

Changes in operating assets and liabilities:
Accounts receivable

1,102

1,358

-2,255

8,180

-18,274

3,326

2,353

6,872

4,985

19,135

3,138

Prepaid expenses and other assets

7,013

6,673

859

4,040

-1,341

1,777

34

1,149

4,492

-5,959

5,822

Accounts payable and accrued liabilities

9,114

7,031

-333

8,936

-19,380

4,734

9,269

1,503

21,145

-1,963

7,520

Net cash provided by operating activities from continuing operations

-

-

-

21,353

86,509

77,924

68,776

69,346

59,321

-19,552

-34,660

Net cash provided by (used in) operating activities from discontinued operations

-

-

-

220

-14,483

-264

-1,426

-25,769

-10,602

-23,944

-16,182

Net cash provided by operating activities

33,203

28,695

17,880

21,573

72,026

77,660

67,350

43,577

48,719

-43,496

-50,842

Investing activities:
Deposit on acquisitions

-

-

-

-

-

-

-

-

-

10,000

-

Acquisitions, net of cash

-

-

-

-

-

-66

-

-

747

96,248

58,069

Additions to oil and natural gas properties

29,348

23,517

15,478

9,512

22,843

107,353

94,266

70,189

77,027

52,664

10,349

Additions to equipment and other properties

1,482

3,015

366

1,204

3,572

6,318

10,653

668

2,648

11,405

-

Proceeds from asset sale

-

-

17,779

1,104

-

-

-

-

-

-

-

Additions to equipment and other properties

-

-

-

-

-

-

-

-

-

-

23,941

Restricted cash

-

-

-

-1,094

5,261

1,917

190

-949

-5,132

173

-

Net cash provided by (used in) in investing activities from continuing operations

-

-

-

-8,518

-31,676

-115,522

-105,109

-69,908

-75,290

-170,490

-92,359

Net cash used in investing activities from discontinued operations

-

-

-

-

-12,329

-1,174

1,016

156,149

-4,761

-48,517

-30,931

Net cash used in investing activities

-30,830

-26,532

1,935

-8,518

-44,005

-116,696

-104,093

86,241

-80,051

-219,007

-123,290

Financing activities:
Issuance of common shares

-

-

-

1,658

-

-

-

-

-

80,000

181,481

Issuance of Series A Preferred Shares

-

-

-

5,300

-

-

-

-

-

-

-

Net income (loss)

-5,366

-5,216

-23,875

-6,243

-107,538

-

-

16,246

-120,943

-69,746

-62,017

Adjustment for net loss from discontinued operations

-

-

-

16,202

-80,873

-

-

22,619

-43,369

-40,201

-

Net (loss) income from continuing operations

-

-

-

-22,445

-26,665

-

-

-6,373

-77,574

-29,545

-40,061

Exercise of stock options

-

-

-

-

-

-

-

664

722

1,968

575

Tax withholding on restricted share units

92

11

92

66

391

76

40

147

-

-

-

Note receivable - related party

1,000

-

-

-

-

-

-

-

-

-

-

Treasury stock purchases

-

-

-

-

970

-

-

-

-

-

-

Issuance of common shares - related party

-

-

-

-

-

-

-

-

-

5,000

70,167

Tax withholding on restricted stock units

-

-

-

-

-

-

-

-

210

-

-

Issuance costs

-

-

-

-

-

-

-

-

-

4,350

12,058

Loan proceeds

20,605

10,000

20,375

33,778

12,378

73,237

66,785

25,967

35,967

55,886

95

Loan proceeds - related party

-

-

-

-

3,593

20,800

-

-

-

-

-

Loan proceeds - related party

-

-

-

-

-

-

-

11,000

-

91,500

64,621

Loan repayment

22,605

16,625

30,475

47,123

54,834

28,096

29,785

78,931

18,024

2,445

4,722

Loan repayment - related party

-

-

3,219

898

-

-

-

84,000

-

18,500

64,621

Loan financing costs

-

-

-

-

30

2,630

-

250

-

1,028

-

Loan financing costs

-

-

-

-

-

-

-

-

-

-

1,834

Net cash used in financing activities from continuing operations

-

-

-

-7,351

-40,254

63,235

36,960

-125,697

18,455

208,031

233,704

Net cash used in financing activities from discontinued operations

-

-

-

-

-13,709

-1,674

-

-5,049

-5,068

-1,134

-

Net cash used in financing activities

-1,092

-6,636

-13,411

-7,351

-53,963

61,561

36,960

-130,746

13,387

206,897

233,704

Effect of exchange rate on cash flows, cash equivalents and restricted cash

-1,504

-5,931

-1,044

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

-223

-10,404

5,360

-

-

-

-

-

-

-

-

Effect of exchange rate on cash flows and cash equivalents

-

-

-

-1,599

-1,318

-666

-2,104

580

-1,615

-202

860

Net increase (decrease) in cash and cash equivalents

-

-

-

4,105

-27,260

21,859

-1,887

-348

-19,560

-55,808

60,432

Supplemental disclosures:
Cash paid for interest

4,151

7,917

5,620

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

6,576

9,522

3,490

3,091

6,946

10,106

3,062

2,578

Cash paid for taxes

3,436

3,239

2,151

4,842

3,044

-

2,387

5,596

-

-

-

Cash paid for taxes

-

-

-

-

-

-

-

-

7,729

5,649

2,073

Issuance of common shares-amendment to purchase agreement

-

-

-

-

-

-

-

-

-

-

278

Note receivable - related party from sale of oilfield services business

-

-

-

-

-

-

-

11,500

0

-

-

Issuance of shares

-

-

-

-

-

-

2,500

-

-

-

-

Repayment of the Prepayment Agreement

-

-

-

-

3,043

-

-

-

-

-

-

Issuance of common shares for acquisition

-

-

-

-

-

-

-

-

66,037

-

-

Contingent payment event

-

-

-

-

-4,188

4,188

-

-

-

-

-

Repayment of short-term credit facility from refinancing

-

-

-

-

-

-

-

-

30,000

-

-

Issuance of common shares - amendment to purchase agreement

-

-

-

-

-

-

-

-

0

-

-

Series A Preferred Shares [Member]
Interest on Series A Preferred Shares paid in common shares

-

-

1,842

-

-

-

-

-

-

-

-