Transatlantic petroleum ltd. (TAT)
CashFlow / Quarterly
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'11Mar'11
Operating activities:
Net loss

-2,525

1,070

-9

-3,902

-715

-1,720

-1,006

-1,775

-4,039

-4,353

566

-16,049

-5,699

11,669

-6,662

-5,551

-99,696

4,902

-7,250

-5,494

15,353

8,313

1,437

3,973

-14,582

-4,973

2,903

2,939

-12,227

6,994

25,106

-3,627

-71,739

-8,234

-19,815

-21,155

Adjustment for net (income) loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

0

16,305

-118

15

-67,110

-10,731

-1,561

-1,471

-118

0

0

-20

-194

-155

0

-93

1,715

6,525

16,536

-2,157

-

-

-

-

Adjustment for net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,308

Net loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-16,049

-5,699

-4,636

-6,544

-5,566

-32,586

15,633

-5,689

-4,023

15,471

8,313

1,437

3,993

-14,388

-4,818

2,903

3,032

-13,942

469

8,570

-1,470

-58,965

-4,906

-1,856

-11,847

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

121

119

77

102

115

122

117

101

137

142

278

136

133

142

176

178

354

520

547

267

477

244

317

396

387

448

499

382

1,053

403

610

493

-134

389

400

557

Foreign currency loss

-3,360

1,235

-1,374

-1,637

7,449

-13,820

-4,294

-2,634

874

-291

896

-1,039

-2,498

-236

-512

155

1,116

-266

-2,161

-4,599

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,150

-2,339

2,413

-

-

-

-

-

-

-

-

-

-

-

-

Loss on commodity derivative contracts

-936

403

-323

-110

3,359

-1,290

-3,141

-725

-2,151

-1,365

676

988

-838

-187

-3,003

771

2,027

24,892

-3,274

3,812

35,021

10,993

-9,522

962

-

-

-

-

-

-

-

-

-

-

-

-

Cash settlement on derivative contracts

-

-

-

-

-

511

1,860

1,339

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,648

-490

-

-25

-9,636

7,664

-6,033

-9,209

-873

1,425

Loss (gain) on commodity derivative contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,278

-776

-

-6,293

15,076

-10,960

-9,645

7,783

2,043

-8,607

Cash settlement on commodity derivative contracts

-

-

-

-

-

-

-

-

-

-

-

-

0

-2,729

-231

-1,228

-29,516

-20,312

-2,864

-4,384

-1,459

1,026

1,781

752

866

919

484

1,252

-

-

-

-

-

-

-

-

Amortization on loan financing costs

10

10

11

10

11

10

11

10

10

11

24

37

186

684

141

190

993

239

273

172

131

130

637

127

127

127

128

128

1,145

201

420

225

183

195

522

730

Deferred income tax expense

1,379

683

1,944

1,769

1,277

4,146

664

767

576

301

1,228

1,251

-1,264

555

277

407

16,007

2,075

450

110

5,020

4,485

389

1,981

-1,011

1,417

-348

921

-843

272

4,247

-1,859

-4,178

1,562

-461

-1,874

Amortization of warrants - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

747

1,224

Exploration, abandonment and impairment

0

488

666

5,113

8

162

191

40

685

141

2

106

2,999

1,531

128

1,305

13,342

3,762

4,093

347

11,366

582

3,775

4,141

9,341

2,243

11,885

3,864

-

-

-

-

-

-

-

-

Exploration, abandonment and impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,796

-

1,965

2,020

6,437

Depreciation, depletion and amortization

3,048

3,021

3,442

3,716

3,386

2,938

3,276

4,459

3,901

4,272

4,255

4,497

5,972

7,280

7,807

7,966

9,524

8,173

8,956

11,054

11,890

14,026

12,588

10,090

11,278

11,487

9,581

8,976

1,517

8,147

9,382

9,169

16,395

9,506

8,477

4,630

Accretion of asset retirement obligations

56

56

49

52

50

35

43

46

46

49

47

48

88

97

96

92

91

88

93

96

99

103

106

98

141

114

124

129

131

164

163

252

249

341

338

214

Loss on Sale of TBNG

-

-

-

-

-

-

-

-

0

0

0

-15,226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revaluation of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,500

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

1,274

-10,802

414

10,216

-13,562

9,949

4,423

548

3,291

1,642

-8,853

1,665

3,537

129

3,565

949

-4,678

-1,340

435

-12,691

3,909

1,632

2,992

-5,207

8,010

4,775

-1,266

-9,166

-18,056

12,596

9,878

2,454

716

13,173

-11,849

2,945

Prepaid expenses and other assets

446

362

2,448

3,757

-158

2,273

3,467

1,091

1,760

439

-2,491

1,151

2,512

1,245

377

-94

-115

-783

238

-681

4,711

-878

-2,457

401

-1,513

1,688

78

-219

5,833

-3,100

-746

-838

-7,841

7,153

8,022

-2,842

Accounts payable and accrued liabilities

992

-2,851

1,093

9,880

-5,105

4,912

3,443

3,781

4,259

522

-4,486

-628

2,044

1,200

3,202

2,490

-2,542

-2,359

-8,612

-5,867

2,760

8,461

-10,807

4,320

-6,162

4,386

18,227

-7,182

-17,495

-2,026

18,675

2,349

-149

7,275

17,485

-3,466

Net cash provided by operating activities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

1,746

8,011

5,087

6,509

33,629

24,680

7,501

20,699

7,743

28,721

13,309

28,151

-1,020

14,074

36,073

19,649

14,777

6,556

34,378

13,635

26,630

-2,572

31,579

3,684

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

-

-

-

-

-

-

-

-

-

-

-

-

1,042

-620

-118

-84

235

-8,326

515

-6,907

-201

1

-44

-20

-202

-153

1

-1,072

-1,631

9,016

-28,832

-4,322

-7,302

13,873

-17,700

527

Net cash provided by operating activities

7,499

15,082

6,108

4,514

3,479

12,982

4,424

7,810

1,801

2,502

11,718

1,859

2,788

7,391

4,969

6,425

33,864

16,354

8,016

13,792

7,542

28,722

13,265

28,131

-1,222

13,921

36,074

18,577

13,146

15,572

5,546

9,313

19,328

11,301

13,879

4,211

Investing activities:
Acquisitions, net of cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,341

2,088

Additions to oil and natural gas properties

4,501

9,309

6,212

9,326

5,809

6,810

4,561

6,337

1,161

2,986

4,948

6,383

4,848

1,482

977

2,205

4,109

8,301

4,104

6,329

18,845

25,515

32,068

30,925

17,831

24,115

38,897

13,423

24,207

15,297

14,781

15,904

29,247

17,448

15,847

14,485

Additions to equipment and other properties

-

-

-

-

-239

2,706

-129

677

0

10

201

155

1,065

-3,260

3,260

139

-1,092

1,761

-471

3,374

1,665

2,064

2,322

267

-885

3,613

6,792

1,133

217

449

-822

824

-

-

-

-

Additions to equipment and other properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,457

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

5,304

-6,537

-6,480

6,619

-

-

-

-

-

-

-

-

-4

-12

-6,904

7,110

110

0

3

-1,062

-

-

-

-

Proceeds from the sale of TBNG

-

-

-

-

-

-

-

-

-

0

0

17,779

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,080

-10,260

-3,633

-9,703

-22,361

-27,579

-34,390

-31,192

-16,942

-27,716

-38,785

-21,666

-24,534

-15,746

-13,962

-15,666

-22,572

-20,681

-14,007

-18,030

Net cash used in investing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,614

-2,632

-6,556

-527

-1,674

0

0

500

0

0

0

1,016

-1

1,279

156,079

-1,208

-2,207

-1,762

7,264

-8,056

Net cash used in investing activities

-5,642

-9,462

-6,400

-9,326

-5,570

-9,516

-4,432

-7,014

-1,161

-2,996

-5,149

11,241

-11,217

9,419

2,243

-8,963

-10,694

-12,892

-10,189

-10,230

-24,035

-27,579

-34,390

-30,692

-16,942

-27,716

-38,785

-20,650

-24,535

-14,467

142,117

-16,874

-24,779

-22,443

-6,743

-26,086

Financing activities:
Net income (loss)

-2,525

1,070

-9

-3,902

-715

-1,720

-1,006

-1,775

-4,039

-4,353

566

-16,049

-

-

-

-

-

-

-

-

-

8,313

1,437

3,973

-

-4,973

2,903

2,939

-12,227

6,994

25,106

-3,627

-71,739

-8,234

-19,815

-21,155

Adjustment for net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-20

-

-155

0

-93

1,715

6,525

16,536

-2,157

-

-

-

-

Net (loss) income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-16,049

-

-

-

-

-

-

-

-

-

8,313

1,437

3,993

-

-4,818

2,903

3,032

-13,942

469

8,570

-1,470

-58,965

-4,906

-1,856

-11,847

Exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

42

0

600

59

217

273

173

Tax withholding on restricted share units

-5

0

9

88

-

-

-

-

0

6

51

35

7

18

20

21

8

-8

313

78

8

0

8

60

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable - related party

0

0

0

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax withholding on restricted stock units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

262

-210

-

-

-

-

Loan proceeds

0

605

0

20,000

-

-

-

-

-

-

-

-

-

-

-

-

30

4,748

0

7,600

35,192

11,953

14,079

12,013

25,929

17,971

9,296

13,589

8,991

7,002

5,690

4,284

4,271

20,468

3,118

8,110

Loan proceeds - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

11,000

-

-

-

-

Loan repayment

6,055

5,750

5,700

5,100

4,200

4,175

4,125

4,125

4,125

13,575

4,125

8,650

7,606

27,365

9,564

2,588

29,956

16,548

3,880

4,450

11,928

8,364

2,491

5,313

6,143

7,757

9,296

6,589

8,991

7,017

55,426

7,497

4,272

10,708

3,042

2

Loan repayment - related party

-

-

-

-

-

-

-

-

0

525

0

2,694

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

250

-

-

-

-

Net cash used in financing activities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,368

-12,765

-4,193

3,072

-

-

-

-

19,786

10,174

0

7,000

22

-172

-133,894

8,347

-152

9,977

349

8,281

Net cash used in financing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,110

-2,542

-12,277

-

-

-

-

-

-

-

-

0

-2,869

-661

-1,519

-1,559

-1,295

-1,170

-1,044

Net cash used in financing activities

-6,050

-5,145

-5,709

15,812

-4,196

-4,175

5,860

-4,125

16,250

-14,106

-4,176

-11,379

491

2,693

-7,926

-2,609

-26,368

-11,655

-6,735

-9,205

41,928

3,589

9,404

6,640

-

-

-

-

22

-3,041

-134,555

6,828

-1,711

8,682

-821

7,237

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

-590

270

-166

-1,018

2,604

-4,431

-3,388

-716

-926

1,595

-1,344

-369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

-4,783

745

-6,167

9,982

-3,683

-5,140

2,464

-4,045

15,964

-13,005

1,049

1,352

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate on cash flows and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-1,082

-498

-25

6

494

-554

80

-1,338

-124

-464

174

-252

-1,012

-28

-797

-267

-34

226

-316

704

146

-1,712

-211

162

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-9,020

19,005

-739

-5,141

-2,704

-8,747

-8,828

-6,981

25,311

4,268

-11,547

3,827

610

-3,649

-3,508

4,660

-11,401

-1,710

12,792

-29

-7,016

-4,172

6,104

-14,476

Supplemental disclosures:
Cash paid for interest

764

1,118

1,743

526

584

2,097

2,132

3,104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

2,713

2,519

841

2,218

998

2,204

3,767

1,728

1,823

944

1,334

446

766

828

724

837

702

1,343

1,144

1,712

2,747

4,054

1,969

2,811

1,272

Cash paid for taxes

448

1,423

387

1,178

392

2,313

-123

657

86

605

471

989

1,419

3,160

167

96

563

1,091

652

738

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,052

396

-

1,028

478

2,007

3,325

2,145

1,378

881

Repayment of the Prepayment Agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

304

609

1,521

609

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-