Gran Tierra Financial Statements From 2010 to 2023

GTE Stock  USD 0.89  0.04  4.30%   
Gran Tierra financial statements provide useful quarterly and yearly information to potential Gran Tierra Energy investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Gran Tierra financial statements helps investors assess Gran Tierra's valuation, profitability, and current liquidity needs.
There are over one hundred seven available fundamental trends for Gran Tierra Energy, which can be analyzed over time and compared to other ratios. Please make sure to confirm all of Gran Tierra's regular performance against the performance from 2010 to 2023 to make sure the company is sustainable down the road.
Gran Tierra Average Assets are projected to decrease significantly based on the last few years of reporting. The past year's Average Assets were at 1.06 Billion. The current year Earnings before Tax is expected to grow to about 22.5 M, whereas Earnings Before Interest Taxes and Depreciation Amortization EBITDA are forecasted to decline to about 203.7 M.
  
Check Gran Tierra financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Gran Tierra main balance sheet or income statement drivers, such as Direct Expenses of 119.7 M, Consolidated Income of 41.3 M or Cost of Revenue of 157.3 M, as well as many exotic indicators such as Interest Coverage of 2.82, Long Term Debt to Equity of 1.89 or PPandE Turnover of 0.55. Gran Tierra financial statements analysis is a perfect complement when working with Gran Tierra Valuation or Volatility modules. It can also supplement Gran Tierra's financial leverage analysis and stock options assessment as well as various Gran Tierra Technical models . Please check the analysis of Gran Tierra Correlation against competitors.

Gran Tierra Revenues

562.98 Million

Gran Tierra Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Liabilities6.1 MM117.4 M
Down
Slightly volatile
Tax Assets125.3 M143.2 M89 M
Up
Slightly volatile
Accumulated Retained Earnings Deficit(919.8 M)(896.2 M)(287.7 M)
Down
Slightly volatile
Trade and Non Trade Receivables12.2 M11.9 M44.3 M
Down
Slightly volatile
Property Plant and Equipment Net1.3 B1.1 B1.1 B
Up
Pretty Stable
Trade and Non Trade Payables161 M171 M125.9 M
Up
Slightly volatile
Liabilities Non Current631.5 M757.9 M429.8 M
Up
Slightly volatile
Current Liabilities243 M262.2 M191.6 M
Up
Pretty Stable
Total Liabilities659 M798.3 M590.2 M
Up
Slightly volatile
Investments Non Current10 M7.8 M14.7 M
Down
Slightly volatile
Investments Current50 M55.6 M30.3 M
Up
Slightly volatile
Investments52.7 M55.6 M33.8 M
Up
Slightly volatile
Inventory10.6 MM11.6 M
Down
Slightly volatile
Goodwill and Intangible Assets91.8 M92.3 M101.1 M
Down
Slightly volatile
Shareholders Equity USD279 M271.9 M879.7 M
Down
Slightly volatile
Shareholders Equity356.5 M347.4 M870.1 M
Down
Slightly volatile
Total Debt USD683.9 M752.5 M400.1 M
Up
Slightly volatile
Debt Non Current636.9 M675.5 M386.5 M
Up
Slightly volatile
Debt Current59.9 M60.3 M66 M
Down
Slightly volatile
Total Debt683.9 M752.5 M400.1 M
Up
Slightly volatile
Cash and Equivalents USD24.5 M23.9 M147.6 M
Down
Slightly volatile
Cash and Equivalents31.3 M30.5 M146.2 M
Down
Slightly volatile
Assets Non Current1.4 B1.3 B1.3 B
Up
Pretty Stable
Current Assets120.2 M117.1 M267.5 M
Down
Slightly volatile
Total Assets1.6 B1.4 B1.5 B
Down
Pretty Stable
Accounts Payable106.1 M116.6 M106.9 M
Up
Slightly volatile
Receivables15.6 M15.2 M42.8 M
Down
Slightly volatile
Inventories12.3 M8.1 M11.4 M
Down
Slightly volatile

Gran Tierra Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense(17.9 M)(17.4 M)23.3 M
Down
Slightly volatile
Weighted Average Shares Diluted312.6 M331.1 M327.5 M
Up
Slightly volatile
Weighted Average Shares310 M330.3 M322.9 M
Up
Slightly volatile
Selling General and Administrative Expense34.1 M32.6 M40.6 M
Down
Slightly volatile
Revenues USD423.1 M426.3 M474.2 M
Down
Slightly volatile
Revenues563 M544.8 M488.1 M
Down
Very volatile
Operating Income161 M149.2 M(8.9 M)
Down
Pretty Stable
Operating Expenses212.2 M206.8 M361.4 M
Down
Very volatile
Net Loss Income from Discontinued Operations32.2 M31 M23.9 M
Up
Slightly volatile
Net Income Common Stock USD41.3 M38.2 M(69.4 M)
Down
Pretty Stable
Net Income Common Stock41.3 M38.2 M(69.4 M)
Down
Pretty Stable
Net Income52.7 M48.9 M(74.2 M)
Down
Pretty Stable
Interest Expense52.9 M62.5 M29.1 M
Up
Slightly volatile
Gross Profit303.9 M297.1 M354.7 M
Down
Slightly volatile
Earning Before Interest and Taxes USD75.3 M69.8 M(24 M)
Down
Pretty Stable
Earning Before Interest and Taxes EBIT75.3 M69.8 M(24 M)
Down
Pretty Stable
Cost of Revenue157.3 M165.2 M124.7 M
Up
Slightly volatile
Consolidated Income41.3 M38.2 M(69.4 M)
Down
Pretty Stable
Direct Expenses119.7 M129.3 M122.9 M
Up
Slightly volatile

Gran Tierra Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation6.9 M7.6 M7.4 M
Down
Slightly volatile
Effect of Exchange Rate Changes on Cash (797.2 K)(738.9 K)(1.5 M)
Down
Very volatile
Net Cash Flow from Operations272.6 M281.6 M223.8 M
Down
Pretty Stable
Net Cash Flow Investment Acquisitions and Disposals53.5 M49.6 M23 M
Up
Slightly volatile
Net Cash Flow from Financing(115.3 M)(112.3 M)37.4 M
Down
Pretty Stable
Issuance Repayment of Debt Securities (115.4 M)(112.4 M)46.7 M
Down
Pretty Stable
Issuance Purchase of Equity Shares92.4 K90 K17.7 M
Down
Very volatile
Net Cash Flow Business Acquisitions and Disposals32 M29.7 M(55.1 M)
Up
Pretty Stable
Net Cash Flow or Change in Cash and Cash Equivalents17.2 M16 M(21.3 M)
Up
Pretty Stable
Depreciation Amortization and Accretion140.6 M125.9 M174.3 M
Down
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share3.452.924.4288
Down
Slightly volatile
Sales per Share1.661.481.5259
Down
Slightly volatile
Return on Sales0.170.15(0.3051)
Down
Pretty Stable
Return on Invested Capital0.04370.0405(0.0126)
Down
Pretty Stable
Return on Average Equity18.8617.48(7.9032)
Down
Very volatile
Return on Average Assets4.414.09(4.9925)
Down
Pretty Stable
Price to Sales Ratio0.540.531.8001
Down
Slightly volatile
Price to Earnings Ratio6.165.713.3988
Down
Pretty Stable
Price to Book Value0.830.830.9158
Down
Slightly volatile
Profit Margin11.1310.31(1.0064)
Up
Very volatile
Gross Margin83.6380.1373.0781
Down
Pretty Stable
Free Cash Flow per Share0.320.3(0.053)
Up
Very volatile
Enterprise Value over EBITDA4.444.122.6114
Up
Pretty Stable
Enterprise Value over EBIT16.1314.955.9344
Up
Slightly volatile
Earnings per Basic Share USD0.120.11(0.1971)
Down
Pretty Stable
Earnings per Diluted Share0.140.14(0.2181)
Down
Pretty Stable
Earnings per Basic Share0.140.14(0.2159)
Down
Pretty Stable
EBITDA Margin53.3551.7645.9321
Down
Very volatile
Debt to Equity Ratio2.111.950.8701
Up
Slightly volatile
Current Ratio0.530.511.5016
Down
Slightly volatile
Book Value per Share0.760.742.8338
Down
Slightly volatile
Asset Turnover0.420.460.331
Up
Pretty Stable
Total Assets Per Share4.723.724.6812
Down
Slightly volatile
Cash Flow Per Share0.810.770.701
Down
Slightly volatile
Return on Investment16.1915.01(0.3061)
Down
Very volatile
Operating Margin31.6731.526.9671
Up
Very volatile
Calculated Tax Rate(98.69)(96.16)48.3813
Down
Slightly volatile
Receivables Turnover43.3440.1717.1045
Up
Slightly volatile
Inventory Turnover17.6616.3713.2016
Up
Slightly volatile
PPandE Turnover0.550.560.46
Down
Pretty Stable
Cash and Equivalents Turnover22.6520.9910.7215
Up
Slightly volatile
Accounts Payable Turnover5.414.84.9953
Down
Slightly volatile
Accrued Expenses Turnover41.0538.0424.9421
Up
Slightly volatile
Interest Coverage2.822.7411.2731
Down
Slightly volatile
Long Term Debt to Equity1.891.750.8246
Up
Slightly volatile
Quick Ratio0.160.161.1102
Down
Slightly volatile
Net Current Assets as percentage of Total Assets(12.52)(12.2)4.1702
Down
Slightly volatile
Revenue to Assets0.420.460.3273
Up
Pretty Stable

Gran Tierra Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital(116.6 M)(113.6 M)74.8 M
Down
Slightly volatile
Tangible Asset Value1.2 B1.1 B1.4 B
Down
Slightly volatile
Market Capitalization258.1 M251.5 M855.4 M
Down
Slightly volatile
Invested Capital Average1.9 BB1.5 B
Up
Slightly volatile
Invested Capital1.8 B1.8 B1.4 B
Up
Slightly volatile
Free Cash Flow92.2 M85.5 M(25 M)
Up
Very volatile
Enterprise Value918.9 M895.2 MB
Down
Pretty Stable
Average Equity222.7 M217 M890.4 M
Down
Slightly volatile
Earnings before Tax22.5 M20.8 M(46.1 M)
Down
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD211.1 M195.7 M149.9 M
Down
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA203.7 M245.2 M142.6 M
Down
Pretty Stable
Average Assets1.2 B1.1 B1.5 B
Down
Slightly volatile
Revenue Per Employee1.2 M1.3 M1.3 M
Up
Very volatile
Net Income Per Employee165.2 K153.1 K(231.5 K)
Down
Pretty Stable

Gran Tierra Fundamental Market Drivers

Forward Price Earnings2.5253
Cash And Short Term Investments26.1 M

Gran Tierra Upcoming Events

Upcoming Quarterly Report23rd of February 2022
Next Fiscal Quarter End31st of December 2021

About Gran Tierra Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Gran Tierra income statement, its balance sheet, and the statement of cash flows. Gran Tierra investors use historical funamental indicators, such as Gran Tierra's revenue or net income, to determine how well the company is positioned to perform in the future. Although Gran Tierra investors may use each financial statement separately, they are all related. The changes in Gran Tierra's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Gran Tierra's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Gran Tierra Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Gran Tierra. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Cost of Revenue165.2 M157.3 M
Revenues544.8 M563 M
Revenue to Assets 0.46  0.42 
Revenue Per Employee1.3 M1.2 M

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Please check the analysis of Gran Tierra Correlation against competitors. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

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Is Gran Tierra's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gran Tierra. If investors know Gran Tierra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gran Tierra listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.048
Market Capitalization
335.7 M
Quarterly Revenue Growth
0.244
Return On Assets
0.1489
Return On Equity
0.5296
The market value of Gran Tierra Energy is measured differently than its book value, which is the value of Gran Tierra that is recorded on the company's balance sheet. Investors also form their own opinion of Gran Tierra's value that differs from its market value or its book value, called intrinsic value, which is Gran Tierra's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gran Tierra's market value can be influenced by many factors that don't directly affect Gran Tierra's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gran Tierra's value and its price as these two are different measures arrived at by different means. Investors typically determine Gran Tierra value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gran Tierra's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.