$GTE
GRAN TIERRA ENERGY INC.

2012 Q4 Form 10-Q Financial Statement

#000127344112000010 Filed on November 07, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $65.10M $168.6M $150.8M
YoY Change -59.67% 11.8% 79.31%
Cost Of Revenue $4.100M $36.30M $21.70M
YoY Change -83.73% 67.28% 11.86%
Gross Profit $61.00M $132.3M $129.1M
YoY Change -55.21% 2.48% 99.54%
Gross Profit Margin 93.7% 78.47% 85.61%
Selling, General & Admin $300.0K $12.90M $16.30M
YoY Change -97.86% -20.86% 48.18%
% of Gross Profit 0.49% 9.75% 12.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.60M $43.00M $41.20M
YoY Change -82.25% 4.37% 17.05%
% of Gross Profit 20.66% 32.5% 31.91%
Operating Expenses $23.70M $57.90M $58.80M
YoY Change -72.15% -1.53% 27.0%
Operating Profit $37.30M $74.40M $70.30M
YoY Change -27.01% 5.83% 282.07%
Interest Expense -$800.0K $1.600M $16.10M
YoY Change -119.51% -90.06% -201.9%
% of Operating Profit -2.14% 2.15% 22.9%
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income $56.70M $76.01M $79.06M
YoY Change 2.72% -3.85% 2940.73%
Income Tax $14.00M $31.41M $29.97M
% Of Pretax Income 24.69% 41.32% 37.91%
Net Earnings $42.30M $44.60M $49.10M
YoY Change 29.75% -9.16% -1587.88%
Net Earnings / Revenue 64.98% 26.45% 32.56%
Basic Earnings Per Share $0.16 $0.18
Diluted Earnings Per Share $146.3K $0.16 $0.17
COMMON SHARES
Basic Shares Outstanding 268.2M shares 281.7M shares 277.6M shares
Diluted Shares Outstanding 284.6M shares 284.0M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $212.6M $127.6M $226.4M
YoY Change -39.55% -43.64% -26.59%
Cash & Equivalents $212.6M $127.6M $226.4M
Short-Term Investments $5.200M $28.10M $142.2M
Other Short-Term Assets $8.000M $8.700M $7.600M
YoY Change -3.61% 14.47% 58.33%
Inventory $33.47M $21.60M $6.300M
Prepaid Expenses $4.074M $2.510M
Receivables $119.8M $171.9M $143.5M
Other Receivables $40.00M $20.50M $21.20M
Total Short-Term Assets $413.9M $350.3M $405.0M
YoY Change -9.63% -13.51% 2.77%
LONG-TERM ASSETS
Property, Plant & Equipment $1.205B $1.119B $1.017B
YoY Change 15.37% 9.98% 43.78%
Goodwill $102.6M $102.6M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.621M $6.553M $14.80M
YoY Change 91.69% -55.72% 70.11%
Total Long-Term Assets $1.319B $1.273B $1.135B
YoY Change 12.85% 12.15% 38.59%
TOTAL ASSETS
Total Short-Term Assets $413.9M $350.3M $405.0M
Total Long-Term Assets $1.319B $1.273B $1.135B
Total Assets $1.733B $1.623B $1.540B
YoY Change 6.52% 5.41% 26.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $102.3M $55.55M $41.40M
YoY Change 24.42% 34.18% 9.81%
Accrued Expenses $66.42M $67.19M $63.30M
YoY Change -0.62% 6.14% 32.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $191.4M $158.4M $174.5M
YoY Change -21.83% -9.24% 40.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $21.80M $18.90M $17.60M
YoY Change 15.96% 7.39% 252.0%
Total Long-Term Liabilities $250.1M $218.4M $17.60M
YoY Change 20.43% 1141.0% 252.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $191.4M $158.4M $174.5M
Total Long-Term Liabilities $250.1M $218.4M $17.60M
Total Liabilities $441.4M $376.8M $404.2M
YoY Change -2.44% -6.78% 17.6%
SHAREHOLDERS EQUITY
Retained Earnings $284.7M $242.4M $152.5M
YoY Change 53.87% 59.0%
Common Stock $7.986M $7.986M
YoY Change 6.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.291B $1.246B $1.136B
YoY Change
Total Liabilities & Shareholders Equity $1.733B $1.623B $1.540B
YoY Change 6.52% 5.41% 26.95%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $42.30M $44.60M $49.10M
YoY Change 29.75% -9.16% -1587.88%
Depreciation, Depletion And Amortization $12.60M $43.00M $41.20M
YoY Change -82.25% 4.37% 17.05%
Cash From Operating Activities $140.4M $41.20M $107.5M
YoY Change -34.15% -61.67% 122.11%
INVESTING ACTIVITIES
Capital Expenditures -$16.10M -$43.50M -$69.70M
YoY Change -80.15% -37.59% 82.94%
Acquisitions
YoY Change
Other Investing Activities -$39.80M $1.300M $8.400M
YoY Change 332.61% -84.52% 663.64%
Cash From Investing Activities -$55.90M -$42.10M -$61.20M
YoY Change -38.16% -31.21% 65.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 500.0K 100.0K -31.20M
YoY Change -80.0% -100.32% -943.24%
NET CHANGE
Cash From Operating Activities 140.4M 41.20M 107.5M
Cash From Investing Activities -55.90M -42.10M -61.20M
Cash From Financing Activities 500.0K 100.0K -31.20M
Net Change In Cash 85.00M -800.0K 15.10M
YoY Change -32.16% -105.3% 0.0%
FREE CASH FLOW
Cash From Operating Activities $140.4M $41.20M $107.5M
Capital Expenditures -$16.10M -$43.50M -$69.70M
Free Cash Flow $156.5M $84.70M $177.2M
YoY Change -46.82% -52.2% 104.86%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1. Description of Business</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gran Tierra Energy Inc., a Nevada corporation (the &#8220;Company&#8221; or &#8220;Gran Tierra&#8221;), is a publicly traded oil and gas company engaged in the acquisition, exploration, development and production of oil and natural gas properties. The Company&#8217;s principal business activities are in Colombia, Argentina, Peru and Brazil.</font></div></div>
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dei Amendment Flag
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dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
GRAN TIERRA ENERGY INC.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0001273441-12-000010-index-headers.html Edgar Link pending
0001273441-12-000010-index.html Edgar Link pending
0001273441-12-000010.txt Edgar Link pending
0001273441-12-000010-xbrl.zip Edgar Link pending
ecplogo.jpg Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
gte-20120930.xml Edgar Link completed
gte-20120930.xsd Edgar Link pending
gte-20120930_cal.xml Edgar Link unprocessable
gte-20120930_def.xml Edgar Link unprocessable
gte-20120930_lab.xml Edgar Link unprocessable
gte-20120930_pre.xml Edgar Link unprocessable
gte-2012930x10q.htm Edgar Link pending
gte-2012930xex101.htm Edgar Link pending
gte-2012930xex102.htm Edgar Link pending
gte-2012930xex103.htm Edgar Link pending
gte-2012930xex104.htm Edgar Link pending
gte-2012930xex105.htm Edgar Link pending
gte-2012930xex311.htm Edgar Link pending
gte-2012930xex312.htm Edgar Link pending
gte-2012930xex321.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending