2016 Q1 Form 10-Q Financial Statement

#000127344116000070 Filed on May 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $57.40M $76.20M
YoY Change -24.67% -49.57%
Cost Of Revenue $31.40M $31.40M
YoY Change 0.0% 43.38%
Gross Profit $26.00M $44.80M
YoY Change -41.96% -65.33%
Gross Profit Margin 45.3% 58.79%
Selling, General & Admin $8.800M $7.300M
YoY Change 20.55% -43.41%
% of Gross Profit 33.85% 16.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.90M $49.80M
YoY Change -25.9% 12.42%
% of Gross Profit 141.92% 111.16%
Operating Expenses $48.80M $97.20M
YoY Change -49.79% 70.23%
Operating Profit -$22.80M -$52.40M
YoY Change -56.49% -172.68%
Interest Expense -$1.200M $12.00M
YoY Change -110.0% 62.16%
% of Operating Profit
Other Income/Expense, Net $100.0K $0.00
YoY Change 1023545369856831.0%
Pretax Income -$70.15M -$2.068M
YoY Change 3291.92% -59.28%
Income Tax -$25.11M $69.00K
% Of Pretax Income
Net Earnings -$45.03M -$44.87M
YoY Change 0.37% -199.42%
Net Earnings / Revenue -78.45% -58.88%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$153.2K -$0.16
COMMON SHARES
Basic Shares Outstanding 293.8M shares 286.2M shares
Diluted Shares Outstanding 293.8M shares 286.2M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.70M $211.5M
YoY Change -73.19% -45.91%
Cash & Equivalents $51.31M $203.5M
Short-Term Investments $5.400M $8.000M
Other Short-Term Assets $5.992M $6.600M
YoY Change -9.21% -19.51%
Inventory $10.69M $16.10M
Prepaid Expenses $5.472M
Receivables $35.57M $64.83M
Other Receivables $34.70M $8.300M
Total Short-Term Assets $162.1M $307.2M
YoY Change -47.24% -42.72%
LONG-TERM ASSETS
Property, Plant & Equipment $854.2M $1.116B
YoY Change -23.47% -13.86%
Goodwill $102.6M $102.6M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.00M $4.394M
YoY Change 218.57% -35.52%
Total Long-Term Assets $986.2M $1.242B
YoY Change -20.62% -12.73%
TOTAL ASSETS
Total Short-Term Assets $162.1M $307.2M
Total Long-Term Assets $986.2M $1.242B
Total Assets $1.148B $1.550B
YoY Change -25.9% -20.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.30M $44.40M
YoY Change 74.09% -14.17%
Accrued Expenses $60.33M
YoY Change -41.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $81.50M $126.0M
YoY Change -35.31% -54.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $51.30M $32.80M
YoY Change 56.4% -1.8%
Total Long-Term Liabilities $82.18M $191.8M
YoY Change -57.14% -5.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $81.50M $126.0M
Total Long-Term Liabilities $82.18M $191.8M
Total Liabilities $163.7M $317.7M
YoY Change -48.49% -34.12%
SHAREHOLDERS EQUITY
Retained Earnings -$73.44M $194.8M
YoY Change -137.71% -57.3%
Common Stock $10.20M $10.19M
YoY Change 0.09% 0.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $984.6M $1.232B
YoY Change
Total Liabilities & Shareholders Equity $1.148B $1.550B
YoY Change -25.9% -20.94%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$45.03M -$44.87M
YoY Change 0.37% -199.42%
Depreciation, Depletion And Amortization $36.90M $49.80M
YoY Change -25.9% 12.42%
Cash From Operating Activities $10.81M $2.345M
YoY Change 361.07% -93.52%
INVESTING ACTIVITIES
Capital Expenditures -$45.60M -$73.40M
YoY Change -37.87% 7.62%
Acquisitions $40.20M $0.00
YoY Change
Other Investing Activities -$40.20M -$54.80M
YoY Change -26.64% 743.08%
Cash From Investing Activities -$85.72M -$128.3M
YoY Change -33.17% 71.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.198M $502.0K
YoY Change 138.65% -20.06%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities $1.198M $502.0K
YoY Change 138.65% -20.06%
NET CHANGE
Cash From Operating Activities $10.81M $2.345M
Cash From Investing Activities -$85.72M -$128.3M
Cash From Financing Activities $1.198M $502.0K
Net Change In Cash -$72.56M -$125.4M
YoY Change -42.15% 231.39%
FREE CASH FLOW
Cash From Operating Activities $10.81M $2.345M
Capital Expenditures -$45.60M -$73.40M
Free Cash Flow $56.41M $75.75M
YoY Change -25.52% -27.42%

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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;">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 company focused on oil and natural gas exploration and production in Colombia. The Company also has business activities in Peru and Brazil.</font></div></div>

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