2020 Q4 Form 10-K Financial Statement

#000127344121000007 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4
Revenue $64.79M $127.9M
YoY Change -49.35% -6.37%
Cost Of Revenue $29.21M $53.29M
YoY Change -45.19% 7.15%
Gross Profit $35.58M $74.64M
YoY Change -52.33% -14.11%
Gross Profit Margin 54.92% 58.34%
Selling, General & Admin $7.246M $8.856M
YoY Change -18.18% 283.38%
% of Gross Profit 20.36% 11.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.12M $60.60M
YoY Change -45.36% 0.72%
% of Gross Profit 93.06% 81.19%
Operating Expenses $40.29M $70.26M
YoY Change -42.65% 10.94%
Operating Profit -$4.710M $4.380M
YoY Change -207.53% -81.42%
Interest Expense $2.861M $36.50M
YoY Change -92.16% -269.08%
% of Operating Profit 833.42%
Other Income/Expense, Net -$469.0K -$12.89M
YoY Change -96.36%
Pretax Income -$61.03M $38.61M
YoY Change -258.05% 1905.92%
Income Tax -$13.16M $11.61M
% Of Pretax Income 30.07%
Net Earnings -$47.87M $27.00M
YoY Change -277.27% -349.11%
Net Earnings / Revenue -73.88% 21.11%
Basic Earnings Per Share
Diluted Earnings Per Share -$130.4K $73.60K
COMMON SHARES
Basic Shares Outstanding 367.0M shares 367.0M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $62.01M $103.0M
YoY Change -39.82% 23.01%
Cash & Equivalents $13.69M $8.301M
Short-Term Investments $48.32M $94.74M
Other Short-Term Assets $13.46M $15.00M
YoY Change -10.28% 14.9%
Inventory
Prepaid Expenses
Receivables $8.044M $36.29M
Other Receivables $49.96M $135.8M
Total Short-Term Assets $133.9M $290.7M
YoY Change -53.95% 43.53%
LONG-TERM ASSETS
Property, Plant & Equipment $964.5M $1.577B
YoY Change -38.86% 20.16%
Goodwill $0.00 $102.6M
YoY Change -100.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $3.425M $4.130M
YoY Change -17.07% -9.29%
Total Long-Term Assets $1.068B $1.754B
YoY Change -39.12% 18.99%
TOTAL ASSETS
Total Short-Term Assets $133.9M $290.7M
Total Long-Term Assets $1.068B $1.754B
Total Assets $1.202B $2.045B
YoY Change -41.23% 21.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $97.50M $192.2M
YoY Change -49.28% 24.27%
Accrued Expenses $3.300M $3.300M
YoY Change 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $113.6M $199.3M
YoY Change -42.99% 17.69%
LONG-TERM LIABILITIES
Long-Term Debt $774.8M $700.5M
YoY Change 10.61% 75.37%
Other Long-Term Liabilities $4.113M $4.267M
YoY Change -3.61% 52.12%
Total Long-Term Liabilities $831.1M $812.7M
YoY Change 2.26% 70.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.6M $199.3M
Total Long-Term Liabilities $831.1M $812.7M
Total Liabilities $944.7M $1.012B
YoY Change -6.66% 56.46%
SHAREHOLDERS EQUITY
Retained Earnings -$1.038B -$260.3M
YoY Change 298.89% -12.83%
Common Stock $10.27M $10.27M
YoY Change 0.0% -0.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $257.0M $1.033B
YoY Change
Total Liabilities & Shareholders Equity $1.202B $2.045B
YoY Change -41.23% 21.95%

Cashflow Statement

Concept 2020 Q4 2019 Q4
OPERATING ACTIVITIES
Net Income -$47.87M $27.00M
YoY Change -277.27% -349.11%
Depreciation, Depletion And Amortization $33.12M $60.60M
YoY Change -45.36% 0.72%
Cash From Operating Activities $21.73M $39.24M
YoY Change -44.63% -44.97%
INVESTING ACTIVITIES
Capital Expenditures -$39.90M -$68.74M
YoY Change -41.95% -43.49%
Acquisitions
YoY Change
Other Investing Activities $20.91M -$27.99M
YoY Change -174.7% 87.42%
Cash From Investing Activities -$19.00M -$96.72M
YoY Change -80.36% -29.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.62M 51.33M
YoY Change -120.69% -535.32%
NET CHANGE
Cash From Operating Activities 21.73M 39.24M
Cash From Investing Activities -19.00M -96.72M
Cash From Financing Activities -10.62M 51.33M
Net Change In Cash -7.890M -6.158M
YoY Change 28.13% -92.01%
FREE CASH FLOW
Cash From Operating Activities $21.73M $39.24M
Capital Expenditures -$39.90M -$68.74M
Free Cash Flow $61.63M $108.0M
YoY Change -42.92% -44.04%

Facts In Submission

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88332000 USD
CY2019 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
342575000 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
17000000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
349219000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
879000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
37561000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
70453000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
245066000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-156000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1027000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6448000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-43233000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11075000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54308000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17523000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11075000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
257034000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1032610000 USD
CY2020 us-gaap Nature Of Operations
NatureOfOperations
Description of Business<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gran Tierra Energy Inc., a Delaware corporation (the “Company” or “Gran Tierra”), is a publicly traded company focused on international oil and natural gas exploration and production with assets currently in Colombia and Ecuador.</span></div>
CY2020 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates 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 (“DD&amp;A”) and impairment; 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.
CY2020 gte Number Of Directors Eligible To Be Nominated
NumberOfDirectorsEligibleToBeNominated
2 director
CY2020 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivatives</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 as financial instruments gains or losses. 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.</span></div>
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
8044000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
36291000 USD
CY2020Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
35977000 USD
CY2019Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
92777000 USD
CY2020Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
13985000 USD
CY2019Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
43061000 USD
CY2020Q4 gte Taxes Receivable Current
TaxesReceivableCurrent
49962000 USD
CY2019Q4 gte Taxes Receivable Current
TaxesReceivableCurrent
135838000 USD
CY2020Q4 us-gaap Value Added Tax Receivable Noncurrent
ValueAddedTaxReceivableNoncurrent
28485000 USD
CY2019Q4 us-gaap Value Added Tax Receivable Noncurrent
ValueAddedTaxReceivableNoncurrent
25869000 USD
CY2020Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
14150000 USD
CY2019Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
0 USD
CY2020Q4 gte Taxes Receivable Noncurrent
TaxesReceivableNoncurrent
42635000 USD
CY2019Q4 gte Taxes Receivable Noncurrent
TaxesReceivableNoncurrent
25869000 USD
CY2020Q4 gte Taxes Receivable
TaxesReceivable
92597000 USD
CY2019Q4 gte Taxes Receivable
TaxesReceivable
161707000 USD
CY2018Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
72497000 USD
CY2018Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
1613000 USD
CY2018Q4 gte Taxes Receivable
TaxesReceivable
74110000 USD
CY2019 gte Value Added Tax Receivable Collected Through Revenue From Contracts With Customers
ValueAddedTaxReceivableCollectedThroughRevenueFromContractsWithCustomers
18197000 USD
CY2019 gte Income Taxes Receivable Collected Through Revenue From Contracts With Customers
IncomeTaxesReceivableCollectedThroughRevenueFromContractsWithCustomers
0 USD
CY2019 gte Taxes Receivable Collected Through Revenue From Contracts With Customers
TaxesReceivableCollectedThroughRevenueFromContractsWithCustomers
18197000 USD
CY2019 gte Value Added Tax Receivable Taxes Paid
ValueAddedTaxReceivableTaxesPaid
65114000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
58494000 USD
CY2019 gte Taxes Receivable Taxes Paid
TaxesReceivableTaxesPaid
123608000 USD
CY2019 gte Value Added Tax Receivable Current Tax Expense Benefit
ValueAddedTaxReceivableCurrentTaxExpenseBenefit
0 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2019 gte Income Taxes Receivable Current Tax Expense Benefit
IncomeTaxesReceivableCurrentTaxExpenseBenefit
17058000 USD
CY2019 gte Taxes Receivable Current Tax Expense Benefit
TaxesReceivableCurrentTaxExpenseBenefit
17058000 USD
CY2019 gte Value Added Tax Receivable Foreign Exchange Gain Loss
ValueAddedTaxReceivableForeignExchangeGainLoss
-768000 USD
CY2019 gte Income Taxes Receivable Foreign Currency Exchange Gain Loss
IncomeTaxesReceivableForeignCurrencyExchangeGainLoss
12000 USD
CY2019 gte Taxes Receivable Foreign Exchange Gain Loss
TaxesReceivableForeignExchangeGainLoss
-756000 USD
CY2019Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
118646000 USD
CY2019Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
43061000 USD
CY2019Q4 gte Taxes Receivable
TaxesReceivable
161707000 USD
CY2020 gte Value Added Tax Receivable Collected Through Direct Government Refunds
ValueAddedTaxReceivableCollectedThroughDirectGovernmentRefunds
40884000 USD
CY2020 gte Income Taxes Receivable Collected Through Direct Government Refunds
IncomeTaxesReceivableCollectedThroughDirectGovernmentRefunds
26471000 USD
CY2020 gte Taxes Receivable Collected Through Direct Government Refunds
TaxesReceivableCollectedThroughDirectGovernmentRefunds
67355000 USD
CY2020 gte Value Added Tax Receivable Collected Through Revenue From Contracts With Customers
ValueAddedTaxReceivableCollectedThroughRevenueFromContractsWithCustomers
46326000 USD
CY2020 gte Income Taxes Receivable Collected Through Revenue From Contracts With Customers
IncomeTaxesReceivableCollectedThroughRevenueFromContractsWithCustomers
0 USD
CY2020 gte Taxes Receivable Collected Through Revenue From Contracts With Customers
TaxesReceivableCollectedThroughRevenueFromContractsWithCustomers
46326000 USD
CY2020 gte Value Added Tax Receivable Taxes Paid
ValueAddedTaxReceivableTaxesPaid
43719000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
14648000 USD
CY2020 gte Taxes Receivable Taxes Paid
TaxesReceivableTaxesPaid
58367000 USD
CY2020 gte Value Added Tax Receivable Current Tax Expense Benefit
ValueAddedTaxReceivableCurrentTaxExpenseBenefit
0 USD
CY2020 gte Income Taxes Receivable Current Tax Expense Benefit
IncomeTaxesReceivableCurrentTaxExpenseBenefit
754000 USD
CY2020 gte Taxes Receivable Current Tax Expense Benefit
TaxesReceivableCurrentTaxExpenseBenefit
754000 USD
CY2020 gte Value Added Tax Receivable Foreign Exchange Gain Loss
ValueAddedTaxReceivableForeignExchangeGainLoss
-10693000 USD
CY2020 gte Income Taxes Receivable Foreign Currency Exchange Gain Loss
IncomeTaxesReceivableForeignCurrencyExchangeGainLoss
-2349000 USD
CY2020 gte Taxes Receivable Foreign Exchange Gain Loss
TaxesReceivableForeignExchangeGainLoss
-13042000 USD
CY2020Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
64462000 USD
CY2020Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
28135000 USD
CY2020Q4 gte Taxes Receivable
TaxesReceivable
92597000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
4300666000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
4191629000 USD
CY2020Q4 gte Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization And Impairment
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortizationAndImpairment
3336184000 USD
CY2019Q4 gte Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization And Impairment
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortizationAndImpairment
2614236000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
964482000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1577393000 USD
CY2020Q4 gte Operating Leaseand Finance Lease Rightof Use Assetbefore Accumulated Amortization
OperatingLeaseandFinanceLeaseRightofUseAssetbeforeAccumulatedAmortization
11400000 USD
CY2020Q4 gte Operating Lease And Finance Lease Right Of Use Asset After Accumulated Amortization
OperatingLeaseAndFinanceLeaseRightOfUseAssetAfterAccumulatedAmortization
4400000 USD
CY2019Q4 gte Operating Leaseand Finance Lease Rightof Use Assetbefore Accumulated Amortization
OperatingLeaseandFinanceLeaseRightofUseAssetbeforeAccumulatedAmortization
9700000 USD
CY2019Q4 gte Operating Lease And Finance Lease Right Of Use Asset After Accumulated Amortization
OperatingLeaseAndFinanceLeaseRightOfUseAssetAfterAccumulatedAmortization
5700000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
160800000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
220800000 USD
CY2019Q1 gte Paymentsto Acquire Assets Gross
PaymentstoAcquireAssetsGross
79100000 USD
CY2019Q1 gte Assets Acquired Consideration Transferred Liabilities Incurred
AssetsAcquiredConsiderationTransferredLiabilitiesIncurred
1500000 USD
CY2019Q1 gte Paymentsto Acquire Assets Gross
PaymentstoAcquireAssetsGross
79100000 USD
CY2019Q1 gte Assets Acquired Consideration Transferred Liabilities Incurred
AssetsAcquiredConsiderationTransferredLiabilitiesIncurred
1500000 USD
CY2019Q1 gte Assets Acquired Consideration Transferred
AssetsAcquiredConsiderationTransferred
80600000 USD
CY2019Q1 gte Asset Acquisition Oiland Gas Property
AssetAcquisitionOilandGasProperty
97298000 USD
CY2019Q1 gte Cash Acquiredfrom Acquisition Includedin Workin Capital
CashAcquiredfromAcquisitionIncludedinWorkinCapital
5300000 USD
CY2019Q1 gte Working Capital Net
WorkingCapitalNet
16698000 USD
CY2019Q1 gte Asset Acquisition Assets Acquiredand Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredandLiabilitiesAssumedNet
80600000 USD
CY2020Q4 gte Oil And Gas Property Costs Transferred To Depletable Base Within Five Years Percentage
OilAndGasPropertyCostsTransferredToDepletableBaseWithinFiveYearsPercentage
1
CY2020 gte Oil And Gas Property Transfer Of Costs To Depletable Base Time Period
OilAndGasPropertyTransferOfCostsToDepletableBaseTimePeriod
P5Y
CY2020 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
6658000 USD
CY2019 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
66118000 USD
CY2018 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
88987000 USD
us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
161763000 USD
CY2020 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
560344000 USD
CY2019 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
4151000 USD
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
564495000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
560300000 USD
CY2020 gte Oil And Gas Properties Discounted Rate Per Year For Ceiling Calculation
OilAndGasPropertiesDiscountedRatePerYearForCeilingCalculation
0.10
CY2020 gte Historical Prices Discounted Rate Per Year For Ceiling Calculation
HistoricalPricesDiscountedRatePerYearForCeilingCalculation
0.10
CY2019 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
CY2020 gte Percent Of Decrease In Proved Oil And Gas Reserves From Prior Year
PercentOfDecreaseInProvedOilAndGasReservesFromPriorYear
0.04
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
4200000 USD
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
102600000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q4 us-gaap Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
70450000 USD
CY2019Q4 us-gaap Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
151747000 USD
CY2020Q4 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
1570000 USD
CY2019Q4 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
5758000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
1701000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
6861000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
27063000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
31147000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
100784000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
195513000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
18124000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
21081000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2894000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3540000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
774770000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
700459000 USD
CY2020 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
50515000 USD
CY2019 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
39892000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3625000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10612872 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.78
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3376000 USD
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
54140000 USD
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
54140000 USD
CY2019 us-gaap Interest Expense Debt
InterestExpenseDebt
43268000 USD
CY2019 us-gaap Interest Expense Debt
InterestExpenseDebt
43268000 USD
CY2020Q4 gte Authorized Share Capital
AuthorizedShareCapital
595000000 shares
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
23306100 shares
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
39806100 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
8893140 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.70
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1038093 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.04
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
3022970 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
3.42
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15444949 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.50
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5443796 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.39
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
14938829 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
1.53
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
1200000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
1400000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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5900000 USD
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
6700000 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y2M12D
CY2020Q4 gte Sharebased Compensation Arrangementby Sharebased Payment Award Options Shares Per Award
SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsSharesPerAward
1 shares
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y2M12D
CY2020 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P1Y10M24D
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.52
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.51
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.29
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.89
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.15
CY2020 gte Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue
0.79
CY2019 gte Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue
1.10
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
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CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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