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Gran Tierra Energy Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 621.8M 637.0M 711.4M 473.7M
Operating Revenue 621.8M 637.0M 711.4M 473.7M
Cost Of Revenue 230.6M 215.6M 180.3M 139.9M
Gross Profit 391.2M 421.4M 531.1M 333.8M
Selling General And Administration 49.6M 45.8M 41.0M 36.3M
General And Administrative Expense 49.6M 45.8M 41.0M 36.3M
Other Operating Expenses 220.8M 201.4M 172.6M 147.3M
Operating Expense 270.4M 247.3M 213.5M 183.6M
Operating Income 120.8M 174.1M 317.6M 150.2M
EBIT 112.2M 156.1M 287.9M 73.7M
Interest Expense 67.5M 50.0M 43.0M 50.6M
Interest Expense Non Operating 67.5M 50.0M 43.0M 50.6M
Interest Income 3.7M 2.0M 443,000 0.00
Interest Income Non Operating 3.7M 2.0M 443,000 0.00
Net Interest Income -76.8M -53.8M -46.0M -54.4M
Other Income Expense 589,000 -14.1M -26.6M -72.7M
Other Non Operating Income Expenses 1.5M -2.3M 2.6M -44,000
Special Income Charges -7.4M 0.00 0.00 0.00
Restructuring And Mergern Acquisition 7.4M 0.00 0.00 --
Gain On Sale Of Security 6.5M -11.8M -29.2M -72.7M
Pretax Income 44.6M 106.2M 244.9M 23.1M
Tax Provision 41.4M 112.4M 105.9M -19.3M
Tax Effect Of Unusual Items -311,150 -4.1M -10.2M -22.5M
Net Income From Continuing And Discontinued Operation 3.2M -6.3M 139.0M 42.5M
Net Income From Continuing Operation Net Minority Interest 3.2M -6.3M 139.0M 42.5M
Net Income Including Noncontrolling Interests 3.2M -6.3M 139.0M 42.5M
Net Income Common Stockholders 3.2M -6.3M 139.0M 42.5M
Net Income 3.2M -6.3M 139.0M 42.5M
EBITDA 342.8M 371.7M 468.2M 213.6M
Normalized EBITDA 343.7M 383.6M 497.4M 286.3M
Reconciled Depreciation 230.6M 215.6M 180.3M 139.9M
Basic EPS 0.10 -0.19 3.81 1.16
Diluted EPS 0.10 -0.19 3.76 1.15
Basic Average Shares 32.0M 33.5M 36.4M 36.7M
Diluted Average Shares 32.0M 33.5M 36.9M 36.8M
Total Unusual Items -889,000 -11.8M -29.2M -72.7M
Total Unusual Items Excluding Goodwill -889,000 -11.8M -29.2M -72.7M
Tax Rate For Calcs 0.35 0.35 0.35 0.31
Normalized Income 3.8M 1.4M 158.0M 92.6M
Diluted NI Availto Com Stockholders 3.2M -6.3M 139.0M 42.5M
Impairment Of Capital Assets -- -- 0.00 0.00
Net Income Continuous Operations 3.2M -6.3M 139.0M 42.5M
Net Non Operating Interest Income Expense -76.8M -53.8M -46.0M -54.4M
Other Gand A 39.9M 40.1M 31.9M 27.9M
Reconciled Cost Of Revenue 230.6M 215.6M 180.3M 139.9M
Salaries And Wages 9.7M 5.7M 9.0M 8.4M
Total Expenses 501.0M 462.8M 393.8M 323.5M
Total Other Finance Cost 12.9M 5.8M 3.5M 3.8M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 103.4M 62.1M 126.9M 26.1M
Cash Cash Equivalents And Short Term Investments 103.4M 62.1M 126.9M 26.1M
Other Short Term Investments -- -- -- 0.00
Accounts Receivable 14.1M 5.8M 5.6M 9.2M
Receivables 53.6M 12.8M 10.7M 58.7M
Inventory 43.1M 29.0M 20.2M --
Other Current Assets 10.1M 1.7M 10.8M 16.6M
Current Assets 211.3M 112.5M 168.6M 101.8M
Gross PPE 5.5B 5.0B 4.8B 4.5B
Accumulated Depreciation -4.1B -3.9B -3.7B -3.5B
Net PPE 1.4B 1.1B 1.1B 995.8M
Other Non Current Assets 7.0M 8.0M 15.3M 12.5M
Total Non Current Assets 1.4B 1.2B 1.2B 1.1B
Total Assets 1.7B 1.3B 1.3B 1.2B
Current Debt 24.8M 35.6M -- 66.5M
Current Debt And Capital Lease Obligation 40.1M 47.7M -- 134.0M
Accounts Payable 177.4M 122.7M 114.3M 91.1M
Payables 209.9M 163.1M 176.0M 112.5M
Payables And Accrued Expenses 260.5M 195.9M 223.5M 150.9M
Current Accrued Expenses 50.6M 32.8M 47.5M 38.5M
Current Deferred Revenue 5.6M 0.00 -- --
Other Current Liabilities -- -- -- -64.0M
Current Liabilities 322.4M 260.3M 241.6M 228.0M
Long Term Debt 701.8M 493.0M 568.9M 586.0M
Long Term Debt And Capital Lease Obligation 722.1M 519.5M 589.6M 587.4M
Long Term Capital Lease Obligation 20.3M 26.6M 20.7M 1.4M
Other Non Current Liabilities 9.1M 10.9M 7.0M 3.4M
Total Non Current Liabilities Net Minority Interest 918.8M 669.6M 676.4M 659.0M
Total Liabilities Net Minority Interest 1.2B 929.9M 918.0M 887.0M
Common Stock 9.9M 9.9M 10.3M 10.3M
Capital Stock 9.9M 9.9M 10.3M 10.3M
Additional Paid In Capital 1.3B 1.2B 1.3B 1.3B
Retained Earnings -859.8M -863.0M -856.7M -995.8M
Treasury Stock 3.2M 163,000 27.3M 0.00
Gains Losses Not Affecting Retained Earnings -6.7M 0.00 -- --
Other Equity Adjustments -6.7M -- -- --
Common Stock Equity 413.6M 396.4M 417.6M 302.1M
Stockholders Equity 413.6M 396.4M 417.6M 302.1M
Total Equity Gross Minority Interest 413.6M 396.4M 417.6M 302.1M
Total Capitalization 1.1B 889.4M 986.5M 888.0M
Net Tangible Assets 413.6M 396.4M 417.6M 302.1M
Tangible Book Value 413.6M 396.4M 417.6M 302.1M
Working Capital -111.2M -147.8M -73.1M -126.2M
Invested Capital 1.1B 925.0M 986.5M 954.5M
Total Debt 762.2M 567.2M 589.6M 721.4M
Net Debt 623.2M 466.4M 442.0M 626.3M
Share Issued 36.5M 32.3M 36.9M 36.7M
Ordinary Shares Number 36.0M 32.2M 34.6M 36.7M
Capital Lease Obligations 35.6M 38.6M 20.7M 1.4M
Current Capital Lease Obligation 15.3M 12.1M -- --
Current Deferred Liabilities 5.6M 0.00 -- --
Dueto Related Parties Current 5.1M 2.2M -- --
Employee Benefits 17.5M 8.8M 16.4M 13.7M
Hedging Assets Current 0.00 5.6M -- --
Income Tax Payable -- -- 47.2M 0.00
Interest Payable 15.4M 9.9M -- --
Line Of Credit 0.00 35.6M 0.00 --
Long Term Provisions 105.9M 73.0M 63.4M 54.5M
Non Current Accounts Receivable 1.6M 52.1M 27.8M 17.5M
Non Current Deferred Assets 11.7M 10.9M 23.0M 61.5M
Non Current Deferred Liabilities 64.1M 57.5M 28,000 0.00
Non Current Deferred Taxes Assets 11.7M 10.9M 23.0M 61.5M
Non Current Deferred Taxes Liabilities 64.1M 57.5M 28,000 0.00
Other Current Borrowings 24.8M -755,000 -- 66.5M
Other Payable 2.0M 2.6M 2.8M 14.8M
Other Properties 97.8M 73.5M 61.4M 34.9M
Other Receivables 21.4M 6.5M 5.1M 4.0M
Pensionand Other Post Retirement Benefit Plans Current 16.3M 16.6M 18.1M 7.1M
Restricted Cash 1.1M 1.1M 1.1M 392,000
Taxes Receivable 18.1M 438,000 54,000 45.5M
Total Tax Payable 25.5M 35.6M 59.0M 6.6M
Treasury Shares Number 487,948 28,612 2.3M --
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 239.3M 228.0M 427.7M 244.8M
Cash Flow From Continuing Operating Activities 239.3M 228.0M 427.7M 244.8M
Depreciation And Amortization 230.6M 215.6M 180.3M 139.9M
Depreciation Amortization Depletion 230.6M 215.6M 180.3M 139.9M
Stock Based Compensation 9.7M 5.7M 9.0M 8.4M
Deferred Tax -27.9M 56.8M 25.3M -23.8M
Deferred Income Tax -27.9M 56.8M 25.3M -23.8M
Change In Working Capital 16.1M -48.4M 64.3M 59.2M
Changes In Account Receivables 949,000 -1.6M 2.4M -5.7M
Change In Receivables 949,000 -1.6M 2.4M -5.7M
Change In Inventory -- -- -4.2M -2.4M
Change In Payables And Accrued Expense 669,000 -1.3M -5.8M 48.2M
Change In Payable -- -- -5.8M 48.2M
Change In Other Working Capital 26.4M -36.0M 73.7M 19.2M
Change In Other Current Liabilities -- -- -12.6M -5.8M
Other Non Cash Items 13.2M 9.7M -27.2M -55.3M
Capital Expenditure -234.2M -226.6M -210.3M -149.9M
Purchase Of PPE -234.2M -226.6M -210.3M -149.9M
Net PPE Purchase And Sale -189.9M -226.6M -210.3M -149.9M
Purchase Of Business -162.7M 0.00 0.00 --
Sale Of Investment -- 0.00 0.00 43.1M
Net Investment Purchase And Sale -- 0.00 0.00 43.1M
Investing Cash Flow -352.5M -226.6M -210.3M -105.3M
Cash Flow From Continuing Investing Activities -352.5M -226.6M -210.3M -105.3M
Issuance Of Debt 221.5M 48.0M 0.00 0.00
Repayment Of Debt -49.7M -87.0M -87.3M -124.9M
Net Issuance Payments Of Debt 171.8M -39.0M -87.3M -124.9M
Issuance Of Capital Stock -- -- 2,000 0.00
Repurchase Of Capital Stock -15.3M -17.3M -27.3M 0.00
Net Common Stock Issuance -15.3M -17.3M -27.3M 0.00
Common Stock Payments -15.3M -17.3M -27.3M 0.00
Financing Cash Flow 156.9M -69.6M -113.3M -124.8M
Cash Flow From Continuing Financing Activities 156.9M -69.6M -113.3M -124.8M
Effect Of Exchange Rate Changes -3.4M 5.9M -2.1M -821,000
Changes In Cash 43.7M -68.2M 104.1M 14.7M
Beginning Cash Position 71.0M 133.4M 31.4M 17.5M
End Cash Position 111.3M 71.0M 133.4M 31.4M
Free Cash Flow 5.1M 1.4M 217.4M 95.0M
Income Tax Paid Supplemental Data 62.2M 101.7M 37.1M 2.9M
Interest Paid Supplemental Data 60.6M 43.8M 43.4M 50.1M
Asset Impairment Charge -- -- 0.00 0.00
Change In Account Payable -- -- -5.8M 48.2M
Change In Prepaid Assets -12.0M -9.6M -5.9M -2.6M
Common Stock Issuance -- -- 2,000 0.00
Depreciation 230.6M 215.6M 180.3M 139.9M
Gain Loss On Investment Securities 2.3M 15,000 26.6M 52.2M
Long Term Debt Issuance 221.5M 48.0M 0.00 0.00
Long Term Debt Payments -49.7M -87.0M -87.3M -124.9M
Net Business Purchase And Sale -162.7M 0.00 0.00 --
Net Foreign Currency Exchange Gain Loss -7.9M -5.1M 10.3M 21.9M
Net Income From Continuing Operations 3.2M -6.3M 139.0M 42.5M
Net Long Term Debt Issuance 171.8M -39.0M -87.3M -124.9M
Net Other Financing Charges -- -13.4M -- --
Net Other Investing Changes -- -7.7M 26.3M 1.4M
Operating Gains Losses -5.6M -5.1M 36.9M 74.1M
Proceeds From Stock Option Exercised 373,000 8,000 1.3M 100,000
Sale Of PPE 44.4M 0.00 0.00 --
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