2016 Q4 Form 10-K Financial Statement

#000127344117000011 Filed on March 01, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4 2015
Revenue $91.60M $54.80M $276.0M
YoY Change 67.15% -44.59% -50.66%
Cost Of Revenue $31.90M $26.50M $115.8M
YoY Change 20.38% -19.21% 1.6%
Gross Profit $59.70M $28.30M $160.2M
YoY Change 110.95% -57.19% -64.03%
Gross Profit Margin 65.17% 51.64% 58.06%
Selling, General & Admin $12.60M $6.900M $32.35M
YoY Change 82.61% -37.84% -36.87%
% of Gross Profit 21.11% 24.38% 20.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.00M $33.10M $177.9M
YoY Change 5.74% -27.73% -5.32%
% of Gross Profit 58.63% 116.96% 111.02%
Operating Expenses $53.50M -$177.9M $212.0M
YoY Change -130.07% -424.04% -9.83%
Operating Profit $6.200M $206.2M -$51.76M
YoY Change -96.99% 1741.07% -124.61%
Interest Expense -$6.100M -$4.700M $16.58M
YoY Change 29.79% -117.6% -55.97%
% of Operating Profit -98.39% -2.28%
Other Income/Expense, Net $0.00 $0.00 $502.0K
YoY Change -140.62% -200.0% -74.9%
Pretax Income -$157.5M -$124.6M -$14.06M
YoY Change 26.4% -45.16% -28.78%
Income Tax -$30.10M -$41.90M -$100.1M
% Of Pretax Income
Net Earnings -$127.4M -$82.70M -$268.0M
YoY Change 54.05% -69.35% 56.43%
Net Earnings / Revenue -139.08% -150.91% -97.11%
Basic Earnings Per Share -$0.94
Diluted Earnings Per Share -$343.3K -$292.0K -$0.94
COMMON SHARES
Basic Shares Outstanding 347.3M shares 274.5M shares 285.3M shares
Diluted Shares Outstanding 285.3M shares

Balance Sheet

Concept 2016 Q4 2015 Q4 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.20M $151.6M $151.6M
YoY Change -83.38% -55.34% -55.34%
Cash & Equivalents $25.18M $145.3M $145.3M
Short-Term Investments $0.00 $6.300M $6.250M
Other Short-Term Assets $26.70M $5.848M $5.940M
YoY Change 356.57% -25.37% -24.2%
Inventory $7.766M $19.06M $19.06M
Prepaid Expenses
Receivables $45.70M $29.22M $26.92M
Other Receivables $32.90M $28.70M $30.93M
Total Short-Term Assets $131.7M $234.4M $234.4M
YoY Change -43.83% -49.43% -49.43%
LONG-TERM ASSETS
Property, Plant & Equipment $1.067B $789.0M $789.0M
YoY Change 35.19% -30.11% -30.11%
Goodwill $102.6M $102.6M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.63M $16.86M $11.83M
YoY Change 40.11% 83.23% 28.52%
Total Long-Term Assets $1.236B $911.7M $911.7M
YoY Change 35.6% -27.09% -27.09%
TOTAL ASSETS
Total Short-Term Assets $131.7M $234.4M $234.4M
Total Long-Term Assets $1.236B $911.7M $911.7M
Total Assets $1.368B $1.146B $1.146B
YoY Change 19.35% -33.13% -33.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $107.1M $70.80M $70.78M
YoY Change 51.27% -37.01% -62.32%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $155.0M $73.99M $73.99M
YoY Change 109.52% -67.02% -67.02%
LONG-TERM LIABILITIES
Long-Term Debt $197.1M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $11.43M $4.815M $35.89M
YoY Change 137.28% -86.88% -2.13%
Total Long-Term Liabilities $353.9M $70.49M $35.89M
YoY Change 402.06% -66.91% -2.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $155.0M $73.99M $73.99M
Total Long-Term Liabilities $353.9M $70.49M $35.89M
Total Liabilities $508.9M $144.5M $144.5M
YoY Change 252.24% -66.97% -66.97%
SHAREHOLDERS EQUITY
Retained Earnings -$494.0M -$28.41M
YoY Change 1638.91% -111.85%
Common Stock $10.30M $10.19M
YoY Change 1.15% -0.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $859.0M $1.002B $1.002B
YoY Change
Total Liabilities & Shareholders Equity $1.368B $1.146B $1.146B
YoY Change 19.35% -33.13% -33.13%

Cashflow Statement

Concept 2016 Q4 2015 Q4 2015
OPERATING ACTIVITIES
Net Income -$127.4M -$82.70M -$268.0M
YoY Change 54.05% -69.35% 56.43%
Depreciation, Depletion And Amortization $35.00M $33.10M $177.9M
YoY Change 5.74% -27.73% -5.32%
Cash From Operating Activities $6.600M $3.700M $62.31M
YoY Change 78.38% -95.16% -71.18%
INVESTING ACTIVITIES
Capital Expenditures -$58.10M -$41.80M -$156.6M
YoY Change 39.0% -70.33% -59.99%
Acquisitions $0.00
YoY Change
Other Investing Activities $5.600M -$400.0K -$76.84M
YoY Change -1500.0% -100.92% -202.77%
Cash From Investing Activities -$52.40M -$42.30M -$233.5M
YoY Change 23.88% -56.57% -26.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.277M
YoY Change -183.28%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities 17.00M -3.300M -$9.277M
YoY Change -615.15% 3200.0% -183.28%
NET CHANGE
Cash From Operating Activities 6.600M 3.700M $62.31M
Cash From Investing Activities -52.40M -42.30M -$233.5M
Cash From Financing Activities 17.00M -3.300M -$9.277M
Net Change In Cash -28.80M -41.90M -$187.0M
YoY Change -31.26% 98.58% 109.05%
FREE CASH FLOW
Cash From Operating Activities $6.600M $3.700M $62.31M
Capital Expenditures -$58.10M -$41.80M -$156.6M
Free Cash Flow $64.70M $45.50M $218.9M
YoY Change 42.2% -79.06% -63.97%

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CY2015Q4 us-gaap Assets
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CY2016Q4 us-gaap Assets
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CY2016Q4 us-gaap Assets Current
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6250000 USD
CY2016Q4 us-gaap Assets Fair Value Disclosure
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578000 USD
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CY2015 us-gaap Business Combination Integration Related Costs
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0 USD
CY2016 us-gaap Business Combination Integration Related Costs
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7325000 USD
us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
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us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
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647774000 USD
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61417000 USD
CY2015 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
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29025000 USD
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CY2015Q4 us-gaap Capitalized Costs Proved Properties
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469589000 USD
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412319000 USD
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310771000 USD
CY2016Q4 us-gaap Capitalized Costs Unproved Properties
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647774000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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331848000 USD
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145342000 USD
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25175000 USD
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CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
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30371000 USD
CY2015 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 USD
CY2016 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 USD
CY2014 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2015 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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0 USD
CY2016 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 USD
CY2015Q4 us-gaap Commitments And Contingencies
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USD
CY2016Q4 us-gaap Commitments And Contingencies
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CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2016Q4 us-gaap Common Stock Shares Authorized
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570000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
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273442799 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
390807194 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
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273442799 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
390807194 shares
CY2015Q4 us-gaap Common Stock Value
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10186000 USD
CY2016Q4 us-gaap Common Stock Value
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10303000 USD
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645468000 USD
CY2016 us-gaap Costs And Expenses
CostsAndExpenses
941871000 USD
CY2015Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
17800000 USD
CY2016Q4 us-gaap Crude Oil And Natural Gas Liquids
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6000000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1260000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1070000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1818000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
91605000 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
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CY2016 us-gaap Current Foreign Tax Expense Benefit
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18304000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
92865000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
15383000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
20122000 USD
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0 USD
CY2016Q4 us-gaap Deferred Finance Costs Net
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7917000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
34350000 USD
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CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
34350000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
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-115442000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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32278000 USD
CY2014 us-gaap Deferred Income Taxes And Tax Credits
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34350000 USD
CY2015 us-gaap Deferred Income Taxes And Tax Credits
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CY2016 us-gaap Deferred Income Taxes And Tax Credits
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30799000 USD
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248500000 USD
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342874000 USD
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3241000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross Noncurrent
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1611000 USD
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3241000 USD
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1611000 USD
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CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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22674000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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48341000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
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31351000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
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105619000 USD
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34592000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
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107230000 USD
CY2016 us-gaap Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense
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48300000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
187900000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
177900000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
130200000 USD
CY2016 us-gaap Derivative Cost Of Hedge
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3500000 USD
CY2015Q4 us-gaap Derivative Instruments In Hedges Assets At Fair Value
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0 USD
CY2016Q4 us-gaap Derivative Instruments In Hedges Assets At Fair Value
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578000 USD
CY2015Q4 us-gaap Derivative Liabilities Current
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0 USD
CY2016Q4 us-gaap Derivative Liabilities Current
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3824000 USD
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CY2015 us-gaap Earnings Per Share Basic And Diluted
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CY2016 us-gaap Earnings Per Share Basic And Diluted
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-1.45
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-7500000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
354000 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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8414000 USD
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8152000 USD
CY2015Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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3900000 USD
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
10000000 USD
CY2016 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M2D
CY2014 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
39535000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
17242000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1469000 USD
CY2014 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
30941000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
8380000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
1428000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
51249000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
32353000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
33218000 USD
CY2015Q4 us-gaap Goodwill
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102581000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
102581000 USD
CY2014 us-gaap Impairment Of Oil And Gas Properties
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265126000 USD
CY2015 us-gaap Impairment Of Oil And Gas Properties
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321285000 USD
CY2016 us-gaap Impairment Of Oil And Gas Properties
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615985000 USD
CY2014 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-144349000 USD
CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-268029000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-19744000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-14061000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-23986000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2610000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-354027000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2014 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.51
CY2015 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-0.94
CY2016 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax
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0 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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0.00
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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0.00
CY2014 us-gaap Income Tax Expense Benefit
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127215000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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94922000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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37691000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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47675000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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27910000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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2232000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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919000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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1955000 USD
CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
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1119000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
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-2334000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
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-1684000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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4433000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2354000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
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1998000 USD
CY2014 us-gaap Income Taxes Paid
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101179000 USD
CY2015 us-gaap Income Taxes Paid
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39422000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
64067000 USD
CY2015Q4 us-gaap Income Taxes Receivable
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28635000 USD
CY2016Q4 us-gaap Income Taxes Receivable
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26393000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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2988000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2014 us-gaap Increase Decrease In Derivative Assets And Liabilities
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0 USD
CY2015 us-gaap Increase Decrease In Derivative Assets And Liabilities
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0 USD
CY2016 us-gaap Increase Decrease In Derivative Assets And Liabilities
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3546000 USD
CY2014 us-gaap Increase Decrease In Inventories
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2891000 USD
CY2015 us-gaap Increase Decrease In Inventories
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1571000 USD
CY2016 us-gaap Increase Decrease In Inventories
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-5510000 USD
CY2014 us-gaap Increase Decrease In Operating Capital
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95436000 USD
CY2015 us-gaap Increase Decrease In Operating Capital
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39048000 USD
CY2016 us-gaap Increase Decrease In Operating Capital
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11337000 USD
CY2014 us-gaap Increase Decrease In Prepaid Expenses Other
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CY2015 us-gaap Increase Decrease In Prepaid Expenses Other
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CY2016 us-gaap Increase Decrease In Prepaid Expenses Other
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615000 USD
CY2014 us-gaap Increase Decrease In Receivables
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34473000 USD
CY2015 us-gaap Increase Decrease In Receivables
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CY2016 us-gaap Increase Decrease In Receivables
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29000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
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96000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
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CY2016 us-gaap Increase Decrease In Restricted Cash
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236000 USD
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2014 us-gaap Interest Expense Debt
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0 USD
CY2015 us-gaap Interest Expense Debt
InterestExpenseDebt
0 USD
CY2016 us-gaap Interest Expense Debt
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14145000 USD
CY2014 us-gaap Interest Income Operating
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2856000 USD
CY2015 us-gaap Interest Income Operating
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1369000 USD
CY2016 us-gaap Interest Income Operating
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2368000 USD
CY2014 us-gaap Interest Paid
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0 USD
CY2015 us-gaap Interest Paid
InterestPaid
0 USD
CY2016 us-gaap Interest Paid
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5624000 USD
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19056000 USD
CY2016Q4 us-gaap Inventory Net
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7766000 USD
CY2014 us-gaap Inventory Write Down
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0 USD
CY2014 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
2633000 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
2600000 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
664000 USD
CY2016 us-gaap Inventory Write Down
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700000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3200000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4000000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3200000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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1146118000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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1367896000 USD
CY2015Q4 us-gaap Liabilities Current
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73991000 USD
CY2016Q4 us-gaap Liabilities Current
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155029000 USD
CY2015Q4 us-gaap Liabilities Fair Value Disclosure
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1189000 USD
CY2016Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
7731000 USD
CY2015Q4 us-gaap Liabilities Noncurrent
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70485000 USD
CY2016Q4 us-gaap Liabilities Noncurrent
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353880000 USD
CY2015Q4 us-gaap Long Term Debt
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0 USD
CY2016Q4 us-gaap Long Term Debt
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197083000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
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197083000 USD
CY2015Q4 us-gaap Marketable Securities Current
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6250000 USD
CY2016Q4 us-gaap Marketable Securities Current
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CY2016 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
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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-style:italic;">Derivatives</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records derivative instruments on its balance sheet at fair value as either an asset or liability with changes in fair value recognized in the consolidated statements of operations. While the Company utilizes derivative instruments to manage the price risk attributable to its expected oil production and foreign exchange risk, it has elected not to designate its derivative instruments as accounting hedges under the accounting guidance.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2016 us-gaap Nature Of Operations
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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 Delaware 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, and until June 25, 2014, had business activities in Argentina. </font><font style="font-family:inherit;font-size:10pt;color:#333333;">On February, 6, 2017, the Company announced that a purchase and sale agreement (the "Agreement") had been executed by a third party ("Purchaser") to purchase Gran Tierra's Brazil business unit through the acquisition of all of the equity interests in one of Gran Tierra's indirect subsidiaries, and the assignment of certain debt owed by the corporate entities comprising Gran Tierra's Brazil business unit to the Gran Tierra group of companies (Note 17).</font></div></div>
CY2016 us-gaap Use Of Estimates
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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-style:italic;">Use of estimates </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates made by management include: oil and natural gas reserves and related present value of future cash flows; depreciation, depletion, amortization and impairment (&#8220;DD&amp;A&#8221;); impairment assessments of goodwill; timing of transfers from oil and gas properties not subject to depletion to the depletable base; asset retirement obligations; determining the value of the consideration transferred and the net identifiable assets acquired and liabilities assumed in connection with business combinations and determining goodwill; assessments of the likely outcome of legal and other contingencies; income taxes; stock-based compensation; and determining the fair value of derivatives. Although management believes these estimates are reasonable, changes in facts and circumstances or discovery of new information may result in revised estimates and actual results may differ from these estimates. </font></div></div>

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