$GTE
GRAN TIERRA ENERGY INC.

2023 Q4 Form 10-Q Financial Statement

#000127344123000027 Filed on November 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $154.9M $179.9M
YoY Change -4.73% 6.84%
Cost Of Revenue $51.58M $53.21M
YoY Change 6.24% 20.24%
Gross Profit $103.4M $126.7M
YoY Change -9.4% 2.07%
Gross Profit Margin 66.71% 70.43%
Selling, General & Admin $13.05M $10.24M
YoY Change 22.26% 26.18%
% of Gross Profit 12.62% 8.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $52.63M $55.05M
YoY Change 1.65% 21.47%
% of Gross Profit 50.92% 43.44%
Operating Expenses $66.65M $64.90M
YoY Change 6.72% 21.46%
Operating Profit $36.71M $61.81M
YoY Change -28.9% -12.59%
Interest Expense -$21.20M -$14.95M
YoY Change 71.1% 15.79%
% of Operating Profit -57.76% -24.19%
Other Income/Expense, Net -$2.297M
YoY Change -188.41%
Pretax Income $13.21M $46.86M
YoY Change -66.34% -22.41%
Income Tax $5.499M $40.33M
% Of Pretax Income 41.63% 86.07%
Net Earnings $7.711M $6.527M
YoY Change -76.83% -83.12%
Net Earnings / Revenue 4.98% 3.63%
Basic Earnings Per Share $0.20
Diluted Earnings Per Share $0.23 $0.20
COMMON SHARES
Basic Shares Outstanding 33.29M shares 33.29M shares
Diluted Shares Outstanding 33.35M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $62.15M $123.2M
YoY Change -51.02% 4.27%
Cash & Equivalents $62.15M $123.2M
Short-Term Investments
Other Short-Term Assets $8.920M $12.08M
YoY Change -70.08% 0.39%
Inventory $29.04M $25.72M
Prepaid Expenses
Receivables $12.36M $19.16M
Other Receivables $0.00 $0.00
Total Short-Term Assets $112.5M $181.3M
YoY Change -33.29% 12.76%
LONG-TERM ASSETS
Property, Plant & Equipment $1.143B $1.141B
YoY Change 3.81% 8.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.963M $7.265M
YoY Change -48.07% -59.35%
Total Long-Term Assets $1.214B $1.205B
YoY Change 4.01% 7.8%
TOTAL ASSETS
Total Short-Term Assets $112.5M $181.3M
Total Long-Term Assets $1.214B $1.205B
Total Assets $1.326B $1.386B
YoY Change -0.7% 8.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $174.9M $166.5M
YoY Change 7.45% -6.69%
Accrued Expenses $12.10M $10.00M
YoY Change 152.08% 284.62%
Deferred Revenue
YoY Change
Short-Term Debt $35.61M $49.07M
YoY Change
Long-Term Debt Due $0.00 $50.00M
YoY Change
Total Short-Term Liabilities $260.3M $279.7M
YoY Change 7.7% 25.85%
LONG-TERM LIABILITIES
Long-Term Debt $519.5M $587.4M
YoY Change -11.88% 2.04%
Other Long-Term Liabilities $10.88M $9.055M
YoY Change 55.63% 24.01%
Total Long-Term Liabilities $669.6M $711.7M
YoY Change -1.0% 7.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $260.3M $279.7M
Total Long-Term Liabilities $669.6M $711.7M
Total Liabilities $929.9M $991.5M
YoY Change 1.29% 12.45%
SHAREHOLDERS EQUITY
Retained Earnings -$863.0M -$870.7M
YoY Change 0.73% -2.17%
Common Stock $9.936M $10.24M
YoY Change -3.27% -0.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $396.4M $394.5M
YoY Change
Total Liabilities & Shareholders Equity $1.326B $1.386B
YoY Change -0.7% 8.42%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $7.711M $6.527M
YoY Change -76.83% -83.12%
Depreciation, Depletion And Amortization $52.63M $55.05M
YoY Change 1.65% 21.47%
Cash From Operating Activities $70.48M $70.41M
YoY Change -1.93% -35.3%
INVESTING ACTIVITIES
Capital Expenditures $39.18M $43.11M
YoY Change -46.25% -175.58%
Acquisitions
YoY Change
Other Investing Activities $3.349M -$20.15M
YoY Change -85.45% 161.4%
Cash From Investing Activities -$35.83M -$63.26M
YoY Change -28.16% -2.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -95.00M 47.90M
YoY Change 610.91% -247.58%
NET CHANGE
Cash From Operating Activities 70.48M 70.41M
Cash From Investing Activities -35.83M -63.26M
Cash From Financing Activities -95.00M 47.90M
Net Change In Cash -60.34M 55.05M
YoY Change -798.99% 373.71%
FREE CASH FLOW
Cash From Operating Activities $70.48M $70.41M
Capital Expenditures $39.18M $43.11M
Free Cash Flow $31.31M $27.30M
YoY Change -3163.21% -83.54%

Facts In Submission

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