Vermilion Energy Inc(NYSE:VET) 
Vermilion Energy Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 642,300 net acres of developed land and 87% working interest in 376,700 ne...
Website: http://www.vermilionenergy.com
Founded: 1994
Full Time Employees: 790
Sector: Energy
Industry: Oil & Gas E&P
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2011-02-28 | 2010-11-05 |
|---|---|---|
assets | ||
current | 29,349,000 | 15,339,000 |
cash and cash equivalents | 145,623,000 | 107,425,000 |
short-term investments | 15,132,000 | 35,176,000 |
accounts receivable | 147,329,000 | 104,683,000 |
crude oil inventory | 10,707,000 | 8,103,000 |
derivative instruments | 10,249,000 | 12,103,000 |
prepaid expenses and other | 11,157,000 | 13,063,000 |
future income taxes | 2,902,000 | 5,550 |
long-term investments | 3,108,000 | 3,169,000 |
goodwill | 51,589,000 | 51,589,000 |
reclamation fund | -69,003,000 | |
capital assets | 2,031,501,000 | 1,960,181,000 |
liabilities | ||
accounts payable and accrued liabilities | 253,086,000 | 218,129,000 |
dividends or distributions payable | 16,910,000 | 16,844,000 |
income taxes payable | 58,795,000 | 32,879,000 |
long-term debt | 302,558,000 | 249,147,000 |
amount due pursuant to acquisition | 114,349,000 | 116,187,000 |
asset retirement obligations | 274,560,000 | 243,755,000 |
non-controlling interest - exchangeable shares | -100,824,000 | |
shareholders’ or unitholders’ equity | ||
shareholders’ capital | 1,045,930,000 | 1,032,462,000 |
unitholders’ capital | -711,667,000 | |
contributed surplus | 39,841,000 | 26,610,000 |
retained earnings | 214,795,000 | 249,642,000 |
consolidated statements of earnings, comprehensive income and retained earnings | ||
revenue | ||
yoy | ||
qoq | ||
petroleum and natural gas revenue | 216,426,000 | 172,253,000 |
royalties | -29,279,000 | -13,600 |
expenses and other expense | ||
operating | 39,614,000 | 36,015,000 |
transportation | 6,301,000 | -1,600 |
equity based compensation | 13,232,000 | -1,930 |
loss on derivative instruments | 14,460,000 | 2,241,000 |
interest | 3,482,000 | -1,100 |
general and administration | 12,675,000 | -3,610 |
foreign exchange | -13,794,000 | |
other expense | 38,000 | -1,974,000 |
depletion, depreciation and accretion | 81,551,000 | -24,860 |
earnings before income taxes and other items | 29,588,000 | 8,574,000 |
income taxes | ||
future | -15,578,000 | -15,982,000 |
other items | ||
non-controlling interest – exchangeable shares | -110 | |
(gain) related to equity method investment | ||
net earnings and comprehensive income | 15,817,000 | 8,911,000 |
retained earnings, beginning of period | 249,642,000 | 288,314,000 |
distributions declared | -30,739,000 | |
dividends declared | -50,664,000 | -16,844,000 |
equity-settled distributions on vested equity awards | ||
retained earnings, end of period | 214,795,000 | 249,642,000 |
net earnings per share or unit | ||
basic | 0.18 | 0.11 |
diluted | 0.18 | 0.1 |
weighted-average shares or units outstanding | ||
basic | 88,832,303 | 83,374,059 |
diluted | 90,272,629 | 89,036,872 |
canada | ||
price | 70,230 | |
realized hedging gain or loss | -590 | |
operating costs | -9,770 | |
operating netback | 45,260 | |
france | ||
netherlands | ||
australia | ||
total company | ||
realized foreign exchange | 800 | |
other income | 200 | |
current taxes | -5,330 | |
fund flows netback | 32,810 | |
other income or loss | 480 | |
unrealized foreign exchange | -6,770 | |
equity in affiliate | ||
unrealized gain or loss on derivative instruments | -2,100 | |
earnings netback | 3,070 | |
consolidated balance sheets | ||
foreign exchange loss | 17,170,000 | |
loss related to equity method investment | -1,460,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-04-25 | 2018-09-30 | 2018-07-30 | 2018-04-26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||
current | ||||||||||||||||||||||||
cash and cash equivalents | 46,054,000 | 69,187,000 | 23,528,000 | 190,946,000 | 267,672,000 | 254,651,000 | 50,700,000 | 99,844,000 | 7,813,000 | 675,000 | 4,544,000 | 3,603,000 | 5,339,000 | 4,786,000 | 16,635,000 | 10,227,000 | 35,064,000 | 5,216,000 | 23,994,000 | 39,104,000 | 19,299,000 | |||
accounts receivable | 188,063,000 | 279,469,000 | 305,955,000 | 274,317,000 | 258,471,000 | 365,155,000 | 301,690,000 | 287,898,000 | 334,649,000 | 391,221,000 | 369,402,000 | 396,740,000 | 281,572,000 | 205,937,000 | 240,527,000 | 179,351,000 | 233,013,000 | 188,385,000 | 246,522,000 | 197,151,000 | 253,263,000 | 247,596,000 | 229,781,000 | 165,779,000 |
income taxes receivable | 8,405,000 | 20,137,000 | 15,141,000 | |||||||||||||||||||||
crude oil inventory | 45,292,000 | 62,898,000 | 48,561,000 | 29,146,000 | 45,374,000 | 32,409,000 | 26,943,000 | 21,346,000 | 30,733,000 | 30,774,000 | 25,844,000 | 23,883,000 | 22,782,000 | 28,549,000 | 24,598,000 | 17,096,000 | 21,510,000 | 15,809,000 | 16,150,000 | 22,898,000 | 16,962,000 | 27,751,000 | 21,979,000 | 22,286,000 |
derivative instruments | 44,544,000 | 76,558,000 | 40,227,000 | 92,537,000 | 97,165,000 | 160,248,000 | 265,048,000 | 326,143,000 | 337,318,000 | 46,185,000 | 36,412,000 | 26,099,000 | 131,788,000 | 36,834,000 | 9,266,000 | 35,640,000 | 63,788,000 | 102,483,000 | 46,387,000 | 41,971,000 | 32,200,000 | 4,910,000 | 9,472,000 | 16,581,000 |
prepaid expenses | 62,226,000 | 65,093,000 | 76,314,000 | 64,251,000 | 72,200,000 | 73,905,000 | 63,570,000 | 57,428,000 | 51,495,000 | 122,548,000 | 97,765,000 | 100,674,000 | 23,975,000 | 21,454,000 | 22,050,000 | 30,209,000 | 19,286,000 | 21,424,000 | 28,387,000 | 21,486,000 | 17,313,000 | 20,445,000 | 19,226,000 | 10,242,000 |
total current assets | 394,584,000 | 1,171,777,000 | 509,726,000 | 651,197,000 | 740,882,000 | 886,368,000 | 657,251,000 | 743,515,000 | 854,039,000 | 598,541,000 | 530,098,000 | 551,940,000 | 460,117,000 | 292,774,000 | 300,044,000 | 267,635,000 | 342,383,000 | 344,736,000 | 347,673,000 | 318,570,000 | 324,954,000 | 324,696,000 | 319,562,000 | 234,187,000 |
investments | 76,492,000 | 77,137,000 | 78,536,000 | 79,327,000 | 80,129,000 | 80,297,000 | ||||||||||||||||||
deferred taxes | 60,427,000 | 84,653,000 | 65,248,000 | 127,603,000 | 139,461,000 | 157,566,000 | 135,840,000 | 128,786,000 | 131,348,000 | 255,973,000 | 292,093,000 | 454,346,000 | 373,979,000 | 298,405,000 | 354,447,000 | 490,319,000 | 441,133,000 | 421,861,000 | 199,925,000 | 204,982,000 | 227,553,000 | 257,743,000 | 240,261,000 | 96,648,000 |
exploration and evaluation assets | 326,067,000 | 322,388,000 | 373,864,000 | 215,569,000 | 209,920,000 | 208,446,000 | 235,233,000 | 237,792,000 | 236,533,000 | 269,574,000 | 267,801,000 | 227,816,000 | 237,344,000 | 237,576,000 | 247,025,000 | 253,720,000 | 289,290,000 | 294,454,000 | 312,946,000 | 310,458,000 | 298,570,000 | 298,510,000 | 297,238,000 | 297,616,000 |
capital assets | 5,081,340,000 | 5,037,123,000 | 6,052,004,000 | 4,983,258,000 | 4,978,527,000 | 4,932,001,000 | 6,047,666,000 | 5,997,642,000 | 5,990,280,000 | 5,376,400,000 | 5,153,470,000 | 4,947,375,000 | 4,678,193,000 | 4,578,718,000 | 3,824,631,000 | 3,098,246,000 | 3,263,688,000 | 3,236,997,000 | 5,076,872,000 | 5,197,131,000 | 5,370,124,000 | 5,037,223,000 | 4,824,763,000 | 3,555,878,000 |
total assets | 5,953,537,000 | 6,708,140,000 | 7,083,770,000 | 6,084,154,000 | 6,182,824,000 | 6,324,599,000 | 7,161,161,000 | 7,179,988,000 | 7,285,169,000 | 6,608,566,000 | 6,281,558,000 | 6,199,143,000 | 5,749,633,000 | 5,407,473,000 | 4,726,544,000 | 4,126,399,000 | 4,362,056,000 | 4,372,342,000 | 5,959,136,000 | 6,034,729,000 | 6,225,168,000 | 5,918,630,000 | 5,682,533,000 | 4,186,534,000 |
liabilities | ||||||||||||||||||||||||
accounts payable and accrued liabilities | 412,669,000 | 403,525,000 | 544,377,000 | 344,516,000 | 361,151,000 | 406,319,000 | 368,671,000 | 428,520,000 | 469,884,000 | 444,737,000 | 422,837,000 | 398,947,000 | 364,519,000 | 346,501,000 | 311,988,000 | 246,702,000 | 309,594,000 | 441,825,000 | 310,560,000 | 265,710,000 | 357,570,000 | 387,366,000 | 298,670,000 | 241,840,000 |
dividends payable | 19,947,000 | 20,022,000 | 20,043,000 | 18,642,000 | 18,981,000 | 19,183,000 | 16,367,000 | 16,430,000 | 16,226,000 | 13,031,000 | 9,953,000 | 9,767,000 | 18,057,000 | 35,766,000 | 35,657,000 | 35,239,000 | 35,074,000 | 35,043,000 | 26,395,000 | |||||
income taxes payable | 49,628,000 | 30,042,000 | 105,898,000 | 149,024,000 | 283,072,000 | 332,192,000 | 304,396,000 | 400,796,000 | 485,553,000 | 134,574,000 | 136,892,000 | 94,822,000 | 21,640,000 | 13,492,000 | 6,945,000 | 18,828,000 | 23,751,000 | 5,299,000 | 32,697,000 | 37,097,000 | 58,140,000 | 41,483,000 | 33,841,000 | 52,281,000 |
total current liabilities | 489,424,000 | 603,527,000 | 718,144,000 | 521,669,000 | 679,478,000 | 767,189,000 | 733,430,000 | 870,758,000 | 1,034,352,000 | 987,070,000 | 958,674,000 | 1,054,895,000 | 895,976,000 | 528,180,000 | 385,253,000 | 330,872,000 | 368,382,000 | 506,315,000 | 395,072,000 | 375,944,000 | 459,182,000 | 629,893,000 | 501,604,000 | 385,329,000 |
long-term debt | 1,264,343,000 | 1,951,250,000 | 1,874,033,000 | 903,354,000 | 915,364,000 | 933,506,000 | 966,505,000 | 913,785,000 | 933,463,000 | 1,409,507,000 | 1,527,217,000 | 1,380,568,000 | 1,760,342,000 | 1,769,866,000 | 1,911,466,000 | 2,072,982,000 | 2,135,443,000 | 1,994,044,000 | 1,954,471,000 | 1,893,135,000 | 1,865,916,000 | 1,728,889,000 | 1,605,561,000 | 1,363,502,000 |
lease obligations | 50,852,000 | 52,776,000 | 56,835,000 | 121,807,000 | 93,234,000 | 28,916,000 | 36,815,000 | 40,911,000 | 46,433,000 | 53,915,000 | 52,092,000 | 55,565,000 | 67,106,000 | 71,636,000 | 72,688,000 | 80,199,000 | 85,284,000 | 91,274,000 | 98,288,000 | 104,100,000 | 106,391,000 | 110,719,000 | ||
asset retirement obligations | 985,221,000 | 940,682,000 | 1,092,293,000 | 1,221,312,000 | 1,225,699,000 | 1,209,674,000 | 1,123,806,000 | 1,033,262,000 | 990,452,000 | 855,215,000 | 721,225,000 | 1,019,916,000 | 876,949,000 | 809,240,000 | 596,245,000 | 363,916,000 | 395,873,000 | 207,186,000 | 633,513,000 | 670,096,000 | 719,664,000 | 598,083,000 | 607,404,000 | 588,035,000 |
total liabilities | 3,245,294,000 | 4,014,515,000 | 4,202,482,000 | 3,205,548,000 | 3,352,197,000 | 3,342,376,000 | 3,308,805,000 | 3,356,952,000 | 3,505,518,000 | 3,718,635,000 | 3,600,061,000 | 3,870,629,000 | 4,014,264,000 | 3,545,673,000 | 3,315,941,000 | 3,147,282,000 | 3,331,373,000 | 3,219,998,000 | 3,425,072,000 | 3,393,484,000 | 3,487,906,000 | 3,392,872,000 | 3,032,000,000 | 2,619,314,000 |
shareholders' equity | ||||||||||||||||||||||||
shareholders' capital | 3,884,570,000 | 3,899,500,000 | 3,899,688,000 | 3,947,667,000 | 4,020,269,000 | 4,080,272,000 | 4,182,110,000 | 4,198,188,000 | 4,213,114,000 | 4,239,408,000 | 4,300,274,000 | 4,254,731,000 | 4,236,501,000 | 4,235,625,000 | 4,186,875,000 | 4,174,314,000 | 4,174,260,000 | 4,128,793,000 | ||||||
contributed surplus | 42,289,000 | 36,351,000 | 51,156,000 | 41,420,000 | 35,008,000 | 48,866,000 | 38,839,000 | 32,477,000 | 48,654,000 | 34,226,000 | 28,081,000 | 61,952,000 | 47,734,000 | 40,781,000 | 77,075,000 | 61,984,000 | 52,304,000 | 86,615,000 | 72,289,000 | 58,582,000 | 91,688,000 | 63,438,000 | 51,964,000 | 96,660,000 |
accumulated other comprehensive income | 311,763,000 | 279,372,000 | 208,518,000 | 156,489,000 | 107,871,000 | 107,646,000 | 89,494,000 | 95,833,000 | 144,608,000 | -44,000 | -15,944,000 | -8,720,000 | 48,946,000 | 36,070,000 | 46,683,000 | 85,006,000 | 76,379,000 | 136,546,000 | 45,545,000 | 59,745,000 | 74,248,000 | 66,846,000 | 87,167,000 | 110,638,000 |
deficit | -1,530,379,000 | -1,521,598,000 | -1,278,074,000 | -1,266,970,000 | -1,332,521,000 | -1,254,561,000 | -458,087,000 | -503,462,000 | -626,725,000 | -1,383,659,000 | -1,630,914,000 | -1,979,449,000 | -2,597,812,000 | -2,450,676,000 | -2,900,030,000 | -3,342,187,000 | -3,272,260,000 | -3,199,610,000 | -1,684,511,000 | -1,567,106,000 | -1,484,470,000 | -1,317,869,000 | ||
total shareholders' equity | 2,708,243,000 | 2,693,625,000 | 2,881,288,000 | 2,878,606,000 | 2,830,627,000 | 2,982,223,000 | 3,852,356,000 | 3,823,036,000 | 3,779,651,000 | 2,889,931,000 | 2,681,497,000 | 2,328,514,000 | 1,735,369,000 | 1,861,800,000 | 1,410,603,000 | 979,117,000 | 1,030,683,000 | 1,152,344,000 | 2,534,064,000 | 2,641,245,000 | 2,737,262,000 | 2,525,758,000 | 2,650,533,000 | 1,567,220,000 |
total liabilities and shareholders' equity | 5,953,537,000 | 6,708,140,000 | 7,083,770,000 | 6,084,154,000 | 6,182,824,000 | 6,324,599,000 | 7,161,161,000 | 7,179,988,000 | 7,285,169,000 | 6,608,566,000 | 6,281,558,000 | 6,199,143,000 | 5,749,633,000 | 5,407,473,000 | 4,726,544,000 | 4,126,399,000 | 4,362,056,000 | 4,372,342,000 | 5,959,136,000 | 6,034,729,000 | 6,225,168,000 | 5,918,630,000 | 5,682,533,000 | 4,186,534,000 |
assets held for sale | 598,435,000 | |||||||||||||||||||||||
liabilities associated with assets held for sale | 124,523,000 | |||||||||||||||||||||||
investment in securities | 68,287,000 | 58,625,000 | 52,109,000 | 47,764,000 | 38,096,000 | |||||||||||||||||||
shareholders’ capital | 4,100,741,000 | 4,090,024,000 | 4,025,565,000 | 4,001,774,000 | 3,995,872,000 | 2,677,791,000 | ||||||||||||||||||
finance lease obligation | 32,667,000 | 14,420,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-04-25 | 2018-09-30 | 2018-07-30 | 2018-04-26 | 2017-04-28 | 2016-09-30 | 2016-02-29 | 2015-11-09 | 2015-08-10 | 2015-05-08 | 2015-02-27 | 2014-11-10 | 2014-07-31 | 2014-05-02 | 2014-03-03 | 2013-11-07 | 2013-08-01 | 2013-05-13 | 2013-05-01 | 2013-03-04 | 2012-11-01 | 2012-08-02 | 2012-05-04 | 2012-03-05 | 2011-11-07 | 2011-06-30 | 2011-05-06 | 2010-12-31 | 2010-11-05 | 2010-06-30 | 2010-05-07 | 2010-03-31 | 2009-12-31 | 2009-11-06 | 2009-08-06 | 2009-05-19 | 2009-05-07 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 |
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operating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings | 14,953,000 | 134,122,000 | -84,730,000 | 2,305,000 | -70,599,000 | -252,424,000 | 380,332,000 | -91,542,000 | 78,667,000 | 283,954,000 | -598,404,000 | -48,690,000 | 499,964,000 | 1,364,000 | 1,247,214,000 | -1,318,504,000 | -12,233,000 | -37,543,000 | 39,547,000 | 45,125,000 | -85,363,000 | 25,139,000 | 44,540,000 | -133,992,000 | -90,123,000 | 5,538,000 | 1,275,000 | 215,423,000 | -90,000 | -48,795,000 | 102,788,000 | 259,845,000 | -38,402,000 | 54,061,000 | 52,137,000 | 52,137,000 | 26,116,000 | -7,018,000 | -27,278,000 | 65,094,000 | -94,685,000 | -16,987,000 | 27,193,000 | 6,906,000 | -35,116,000 | 1,519,000 | 42,508,000 | 42,508,000 | 122,882,166,000 | -7,046,000 | 24,860,116 | 19,884 | 19,884,000 | 19,884,000,000 | 13,668,051 | -102,202,051 | 76,093,000 | 26,196,000 | ||||
adjustments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion | -962,000 | 1,992,000 | 17,880,000 | 917,000 | 275,000 | 17,934,000 | 1,469,000 | -1,452,000 | 20,051,000 | 539,000 | 108,000 | 13,638,000 | 336,000 | 356,000 | 10,507,000 | 1,870,000 | -2,450,000 | 9,738,000 | 554,000 | 161,000 | 7,986,000 | 222,000 | 665,000 | 7,154,000 | 6,382,000 | 316,000 | 17,712,000 | 486,000 | 38,000 | 5,675,000 | 17,849,000 | 114,000 | 238,000 | 5,712,000 | 18,351,000 | 214,000 | 176,000 | 5,824,000 | 5,824,000 | 228,000 | 99,000 | 554,000 | 5,238,000 | 415,000 | 975,000 | -6,315,001.37 | 6,315,000 | |||||||||||||||
depletion and depreciation | -10,134,000 | 7,779,000 | 176,388,000 | 18,980,000 | -17,250,000 | 178,434,000 | -3,302,000 | 6,258,000 | 148,131,000 | -10,558,000 | 6,523,000 | 134,240,000 | 18,157,000 | 43,638,000 | 106,013,000 | 61,021,000 | -51,100,000 | 157,807,000 | -10,054,000 | 7,102,000 | 177,029,000 | 26,298,000 | 18,486,000 | 121,559,000 | 115,409,000 | 11,763,000 | 309,915,000 | 37,697,000 | 20,189,000 | 90,957,000 | 321,535,000 | -743,000 | 5,450,000 | 99,452,000 | 243,560,000 | 408,000 | -3,030,000 | 81,448,000 | 81,448,000 | -10,299,000 | 429,000 | 664,000 | 75,848,000 | 4,379,000 | 933,000 | -51,714,018.59 | 51,714,000 | |||||||||||||||
impairment expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on derivative instruments | 42,964,000 | -73,197,000 | 13,675,000 | -124,737,000 | -62,955,000 | 188,744,000 | 76,471,000 | 81,521,000 | -92,698,000 | 124,214,000 | -388,852,000 | 220,794,000 | 199,985,000 | 35,866,000 | 13,087,000 | -9,316,000 | -48,422,000 | 16,328,000 | 14,277,000 | -29,455,000 | -24,075,000 | 19,970,000 | -9,321,000 | 5,456,000 | -3,935,000 | 1,113,000 | 1,113,000 | -15,517,000 | 30,736,000 | -28,354,000 | 8,339,000 | 37,012,000 | ||||||||||||||||||||||||||||||
equity based compensation | 4,651,000 | -4,645,000 | 5,931,000 | 10,272,000 | -9,378,000 | 5,518,000 | 1,364,000 | -18,527,000 | 23,525,000 | -1,354,000 | -17,870,000 | 25,369,000 | -2,713,000 | -6,004,000 | 16,540,000 | 569,000 | -3,833,000 | 12,997,000 | 971,000 | -8,250,000 | 22,843,000 | 2,095,000 | -8,789,000 | 19,750,000 | 18,738,000 | 2,375,000 | 58,459,000 | -1,113,000 | -1,154,000 | 19,040,000 | 53,082,000 | -3,497,000 | 1,745,000 | 16,472,000 | 48,066,000 | 2,055,000 | -5,412,000 | 16,136,000 | 16,136,000 | 9,780,000 | -1,157,000 | -194,000 | 10,055,000 | 8,541,000 | 927,000 | -8,226,002.08 | 8,226,000 | 7,665,000 | ||||||||||||||
unrealized foreign exchange loss | 46,621,000 | -41,349,000 | 35,899,000 | 14,451,000 | -24,710,000 | 21,641,000 | 47,166,000 | -50,602,000 | 15,478,000 | 12,662,000 | 72,404,000 | -40,137,000 | 9,579,000 | -7,612,000 | 25,910,000 | -23,295,000 | -2,572,000 | 9,982,000 | 92,477,000 | 10,586,000 | 21,083,000 | -8,625,000 | 4,518,000 | 6,171,000 | -9,927,000 | -9,876,000 | 4,845,000 | 5,732,000 | -11,879,000 | 45,746,000 | -22,000,000 | -47,796,000 | 23,793,000 | -30,544,000 | 2,519,000 | 2,519,000 | -20,613,000 | -9,990,000 | 23,714,000 | 3,368,000 | -13,104,000 | -5,883,000 | -10,221,570 | -6,430 | -6,430,000 | -1,923,780 | -26,277,000 | 28,178,000 | ||||||||||||||
unrealized other expense | 2,293,000 | 1,075,000 | 319,000 | 270,000 | 71,000 | 137,000 | 5,000 | 4,000 | 536,000 | -59,000 | 369,000 | 197,000 | 6,000 | -7,000 | 197,000 | -8,000 | 6,000 | 209,000 | 278,000 | -136,000 | 205,000 | 4,000 | 4,000 | 195,000 | 30,000 | 699,000 | 105,000 | -57,000 | 261,000 | 895,000 | 701,000 | -358,000 | 254,000 | 1,175,000 | -72,000 | -57,000 | 405,000 | 405,000 | 1,044,000 | -265,000 | -1,965,000 | |||||||||||||||||||||
deferred tax expense | 45,070,000 | -11,981,000 | -9,016,000 | -15,954,000 | 4,022,000 | 16,645,000 | 21,073,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset retirement obligations settled | -4,943,000 | 961,000 | -9,347,000 | -3,587,000 | -6,770,000 | -4,975,000 | -1,689,000 | -9,339,000 | -2,554,000 | -6,086,000 | 2,020,000 | -6,320,000 | -1,821,000 | 3,702,000 | -7,023,000 | -1,335,000 | 2,762,000 | -3,732,000 | 1,321,000 | -360,000 | 965,000 | -3,591,000 | -2,249,000 | 134,000 | -9,246,000 | -905,000 | 1,889,000 | -3,107,000 | -11,279,000 | -2,296,000 | 270,000 | -2,651,000 | -9,184,000 | -368,000 | -982,000 | -1,388,000 | -1,388,000 | -6,456,000 | 613,000 | -1,815,000 | -766,000 | -3,290,000 | 5,343,000 | -1,631,000 | ||||||||||||||||||
changes in non-cash operating working capital | 259,797,000 | -144,527,000 | 33,702,000 | -166,509,000 | 113,452,000 | -72,088,000 | -76,616,000 | -199,600,000 | 138,016,000 | -131,645,000 | 124,258,000 | -42,495,000 | -129,791,000 | 119,666,000 | -35,881,000 | 69,358,000 | -199,996,000 | 111,946,000 | 63,775,000 | 92,876,000 | -58,347,000 | 17,796,000 | 31,451,000 | 13,538,000 | -55,308,000 | -11,472,000 | 101,431,000 | -95,041,000 | -38,712,000 | 105,892,000 | -39,629,000 | -24,474,000 | 54,092,000 | -11,523,000 | -21,619,000 | 28,471,000 | 28,471,000 | -46,581,000 | 14,884,000 | 23,760,000 | -25,469,000 | 41,509,000 | 35,563,000 | 26,463,000 | 19,152,000 | -4,712,000 | 15,808,000 | 1,876,000 | 1,876,000 | -5,002,005,000 | 100,735,000 | -80,718,925 | -11,075 | -11,075,000 | -11,075,000,000 | 15,477,597 | 5,070,403 | -51,511,000 | 46,480,000 | |||
cash flows from operating activities | 248,986,000 | -139,917,000 | 280,384,000 | -131,775,000 | -87,973,000 | 354,295,000 | -55,196,000 | -214,997,000 | 388,629,000 | -82,756,000 | 189,311,000 | 341,053,000 | -41,858,000 | 134,259,000 | 119,147,000 | 278,439,000 | 58,511,000 | -34,138,000 | 204,228,000 | 160,231,000 | -21,872,000 | 171,685,000 | 172,636,000 | 28,078,000 | 322,178,000 | -12,438,000 | 112,021,000 | 22,647,000 | 556,976,000 | 85,418,000 | -28,646,000 | 178,238,000 | 546,789,000 | -20,838,000 | -11,638,000 | 190,712,000 | 190,712,000 | -48,394,000 | 24,816,000 | -1,402,000 | 124,887,000 | 58,733,000 | 37,976,000 | 126,617,000 | 20,616,000 | -704,000 | 27,042,000 | 80,237,000 | 80,237,000 | 84,095,703,000 | 85,146,000 | 3,096,316 | 54,684 | 54,684,000 | 54,684,000,000 | 142,814,749 | -184,005,749 | 19,447,000 | 164,727,000 | |||
investing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
drilling and development | -33,553,000 | 56,226,000 | -167,464,000 | -9,459,000 | 72,948,000 | -182,298,000 | 44,666,000 | -10,742,000 | -153,328,000 | -68,390,000 | -26,647,000 | -82,841,000 | 14,530,000 | 1,809,000 | -79,512,000 | 12,621,000 | 185,050,000 | -227,433,000 | -41,974,000 | -65,262,000 | 47,957,000 | -124,811,000 | -95,164,000 | 30,257,000 | -393,480,000 | -3,208,000 | 84,138,000 | -174,311,000 | -438,210,000 | -62,504,000 | 50,865,000 | -168,840,000 | -402,454,000 | -60,105,000 | 104,515,000 | -179,520,000 | -179,520,000 | -54,945,000 | -18,256,000 | 9,940,000 | -87,896,000 | |||||||||||||||||||||
exploration and evaluation | 3,480,000 | 10,404,000 | -14,655,000 | -1,200,000 | 6,884,000 | -8,144,000 | -3,460,000 | -1,283,000 | -1,492,000 | -2,472,000 | -1,162,000 | -2,503,000 | -1,804,000 | 2,378,000 | -3,851,000 | -1,677,000 | 6,380,000 | -6,271,000 | 6,702,000 | -794,000 | 532,000 | -3,807,000 | -725,000 | -59,481,000 | 7,544,000 | 10,437,000 | -27,535,000 | -13,238,000 | 2,562,000 | 6,463,000 | -9,576,000 | -9,576,000 | 4,165,000 | 6,889,000 | -10,468,000 | -6,464,000 | ||||||||||||||||||||||||||
acquisitions, net of cash acquired | 523,000 | 1,082,865,000 | -1,084,456,000 | 3,808,000 | -5,071,000 | -379,000 | -995,000 | 132,029,000 | -134,225,000 | 495,597,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of securities | -9,373,000 | -1,415,000 | 844,000 | -1,476,000 | 14,284,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dispositions | 182,152,000 | 8,627,000 | 8,627,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in non-cash investing working capital | 70,075,000 | -92,738,000 | 10,829,000 | 14,048,000 | -55,816,000 | 18,851,000 | -44,796,000 | 5,595,000 | -326,000 | 5,340,000 | 34,894,000 | -18,274,000 | 1,577,000 | -14,963,000 | 9,097,000 | 73,007,000 | -134,820,000 | 58,038,000 | -15,991,000 | 27,933,000 | -40,658,000 | 20,847,000 | 7,194,000 | -17,192,000 | -26,626,000 | 39,951,000 | -51,448,000 | 12,143,000 | -12,174,000 | 48,549,000 | -63,483,000 | 39,473,000 | -86,567,000 | 120,489,000 | -113,823,000 | 38,210,000 | 38,210,000 | -10,380,000 | 51,406,000 | -16,276,000 | -6,754,000 | -39,311,000 | 66,288,000 | 29,320,000 | -54,943,000 | 53,931,000 | -7,310,000 | -4,229,000 | -4,229,000 | 1,071,891,000 | 8,429,000 | -5,319,505 | -495 | -495,000 | -495,000,000 | 317,772 | 6,444,228 | -11,160,000 | 4,717,000 | |||
cash flows from investing activities | 524,050,000 | 1,056,757,000 | -1,255,746,000 | 7,197,000 | 28,318,000 | -181,343,000 | -6,000,000 | -55,709,000 | -108,695,000 | 444,359,000 | -502,304,000 | -110,330,000 | -65,692,000 | -22,579,000 | -74,659,000 | 80,163,000 | 65,015,000 | -187,003,000 | -47,297,000 | -174,210,000 | 6,596,000 | -164,126,000 | -91,315,000 | -426,848,000 | 15,068,000 | 32,245,000 | -162,203,000 | -865,923,000 | 128,921,000 | -133,000 | -335,129,000 | -519,359,000 | 55,360,000 | -11,472,000 | -142,259,000 | -142,259,000 | -258,949,000 | 40,039,000 | 89,380,000 | -207,298,000 | -69,558,000 | 13,208,000 | -126,773,000 | 97,513,000 | -126,942,000 | -129,396,000 | -45,850,541 | -45,459 | -45,459,000 | 38,476,156 | 39,304,000 | -77,827,000 | ||||||||||
financing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayments) draw on the revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of 2025 senior unsecured notes | -399,467,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of 2030 senior unsecured notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of 2033 senior unsecured notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of term loan | 445,392,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of term loan | -46,120,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on lease obligations | 838,000 | -23,000 | -3,829,000 | 283,000 | -3,728,000 | -4,102,000 | 612,000 | -266,000 | -4,399,000 | 242,000 | 461,000 | -4,771,000 | 103,000 | -63,000 | -5,752,000 | 455,000 | 1,002,000 | -7,226,000 | -4,617,000 | |||||||||||||||||||||||||||||||||||||||||||
repurchase of shares | 3,000 | 10,253,000 | -16,576,000 | 6,449,000 | -10,146,000 | -36,409,000 | 12,671,000 | 5,825,000 | -30,141,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends | 20,000 | -1,522,000 | -18,521,000 | 202,000 | -2,956,000 | -16,227,000 | -203,000 | -3,168,000 | -13,058,000 | -226,000 | 82,887,000 | -100,312,000 | -514,000 | -30,860,000 | -10,756,000 | -59,225,000 | -40,918,000 | -729,000 | -101,098,000 | 1,789,000 | 19,697,000 | -47,923,000 | -142,242,000 | 250,000 | -3,145,000 | -45,520,000 | -127,143,000 | 178,000 | 1,270,000 | -43,024,000 | -43,024,000 | 979,000 | 16,809,000 | -631,000 | -55,047,000 | -50,779,000 | -35,219,000 | |||||||||||||||||||||||||
changes in non-cash financing working capital | -252,000 | 2,554,000 | -2,430,000 | -842,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows (used in) from financing activities | -67,099,000 | -144,271,000 | 32,912,000 | -95,520,000 | -37,489,000 | -4,105,000 | -69,847 | -69,847,000 | -69,847,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange gain on cash held in foreign currencies | 737,000 | -1,155,000 | 1,174,000 | 1,147,000 | -1,693,000 | 950,000 | 263,000 | 415,000 | 664,000 | -583,000 | 682,000 | -1,482,000 | 596,000 | 1,200,000 | -645,000 | 30,000 | -814,000 | -1,972,000 | 1,759,000 | 1,325,000 | 1,641,000 | 2,197,000 | 7,429,000 | 63,000 | 352,000 | 7,025,000 | 5,601,000 | -21,421,000 | 14,189,000 | 19,326,000 | -3,248,000 | 5,966,000 | -470,000 | -470,000 | 11,151,000 | -3,323,000 | -2,638,000 | 30,000 | 2,116,000 | 2,169,000 | -1,379,804 | -196 | -196,000 | -196,000,000 | 9,565,000 | |||||||||||||||||
net change in cash and cash equivalents | -68,792,000 | 153,861,000 | -108,202,000 | -89,747,000 | -100,174,000 | 113,195,000 | -1,556,000 | -135,152,000 | 86,008,000 | 11,007,000 | -2,385,000 | -1,484,000 | -302,000 | -3,301,000 | 12,402,000 | 544,000 | -12,393,000 | -54,685,000 | -34,915,000 | 47,067,000 | -27,262,000 | -61,625,000 | 74,273,000 | -129,507,000 | 40,932,000 | 42,059,000 | -32,213,000 | -246,177,000 | -37,137,000 | 252,382,000 | -238,222,000 | 266,897,000 | -38,548,000 | -15,303,000 | 74,388,000 | 74,388,000 | -187,292,000 | 23,136,000 | 162,706,000 | -119,870,000 | 156,022,000 | 101,565,000 | 36,803,000 | -37,382,000 | 97,171,000 | 24,039,000 | -45,630,000 | -45,630,000 | 96,389,762,000 | 4,213,000 | -3,914,182 | -60,818 | -60,818,000 | -60,818,000,000 | -65,277,347 | 106,245,347 | -224,567,000 | 118,394,000 | ||||
cash and cash equivalents, beginning of period | 45,659,000 | -108,202,000 | 131,730,000 | 13,021,000 | 113,195,000 | 141,456,000 | -49,144,000 | 86,008,000 | 13,836,000 | -3,869,000 | -1,484,000 | 6,028,000 | -3,301,000 | 6,904,000 | -11,849,000 | -12,393,000 | 29,028,000 | 29,848,000 | -21,593,000 | 26,809,000 | 19,805,000 | -27,262,000 | 46,561,000 | 62,775,000 | -58,051,000 | 9,846,000 | -32,213,000 | 120,405,000 | 14,160,000 | -238,222,000 | 389,559,000 | 59,085,000 | 74,388,000 | 102,125,000 | 102,125,000 | 65,972,000 | 42,836,000 | -119,870,000 | 234,507,000 | -4,566,000 | -94,809,000 | 145,623,000 | 75,580,000 | -21,591,000 | -45,630,000 | 99,066,000 | 99,066,000 | 2,673,562,000 | -3,975,000 | 6,345,769 | 67,231 | 67,231,000 | 67,231,000,000 | 132,375,911 | -166,201,911 | 118,394,000 | 47,868,000 | |||||
cash and cash equivalents, end of period | -23,133,000 | 45,659,000 | 23,528,000 | -76,726,000 | 13,021,000 | 254,651,000 | -49,144,000 | 99,844,000 | 7,138,000 | -3,869,000 | 4,544,000 | 3,603,000 | 553,000 | -11,849,000 | 16,635,000 | -24,837,000 | 29,848,000 | 5,216,000 | -15,110,000 | 19,805,000 | 19,299,000 | 1,150,000 | 16,222,000 | 50,778,000 | 9,846,000 | 88,192,000 | -22,977,000 | 14,160,000 | 151,337,000 | 20,537,000 | 59,085,000 | 176,513,000 | 176,513,000 | -121,320,000 | 65,972,000 | 42,836,000 | 114,637,000 | 151,456,000 | 6,756,000 | 182,426,000 | 38,198,000 | 75,580,000 | -21,591,000 | 53,436,000 | 53,436,000 | 99,063,324,000 | 238,000 | 2,431,587 | 6,413 | 6,413,000 | 6,413,000,000 | 67,098,564 | -59,956,564 | -106,173,000 | 166,262,000 | |||||||
supplementary information for cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | -31,960,000 | 30,383,000 | 21,409,000 | -13,730,000 | 14,678,000 | 13,652,000 | -11,632,000 | 8,103,000 | 17,271,000 | 8,748,000 | -8,657,000 | 19,341,000 | 11,490,000 | -10,948,000 | 23,937,000 | 9,495,000 | -1,205,000 | 19,680,000 | 9,051,000 | -10,147,000 | 26,551,000 | 14,370,000 | -7,590,000 | 18,134,000 | 12,334,000 | -10,786,000 | 44,447,000 | 5,954,000 | -5,735,000 | 18,245,000 | 35,669,000 | 3,411,000 | -2,373,000 | 14,094,000 | 24,018,000 | 5,127,000 | -3,675,000 | 12,092,000 | 12,092,000 | -6,684,000 | 7,356,000 | -5,088,000 | 9,507,000 | -7,714,000 | 5,934,000 | 2,366,000 | -674,000 | -834,000 | 1,737,000 | 2,679,000 | 2,679,000 | 3,079,207,000 | 5,633,000 | 1,158,738 | 1,262 | 1,262,000 | 1,262,000,000 | 1,836,696 | -3,715,696 | -2,323,000 | 6,042,000 | |
income taxes (refunded) paid | -2,337,000 | -2,099,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net draw on the revolving credit facility | 35,443,000 | 298,449,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | -761,824,000 | 865,986,000 | -38,826,000 | -60,707,000 | -194,189,000 | -351,011,000 | 309,889,000 | -231,380,000 | -47,206,000 | -169,390,000 | 222,618,000 | -104,425,000 | -20,122,000 | 64,315,000 | -36,580,000 | -27,034,000 | 30,873,000 | -102,270,000 | 106,991,000 | 1,841,000 | 26,405,000 | 26,405,000 | 108,900,000 | -38,396,000 | 175,699,000 | 48,265,000 | 34,790,000 | 7,020,000 | 50,056,000 | 21,929,000 | ||||||||||||||||||||||||||||||||
income taxes paid | 62,798,000 | 29,889,000 | 82,412,000 | 61,871,000 | 2,978,000 | 11,252,000 | 124,162,000 | 14,307,000 | 28,435,000 | 9,947,000 | -26,324,000 | 35,582,000 | 5,495,000 | -32,279,000 | 33,442,000 | 342,000 | 5,008,000 | 73,406,000 | 31,186,000 | -82,198,000 | 70,513,000 | 138,376,000 | -27,869,000 | 35,412,000 | 21,074,000 | 142,662,000 | 31,534,000 | -13,966,000 | 32,635,000 | 32,635,000 | 9,158,000 | -45,141,000 | 64,313,000 | 19,699,000 | 11,973,000 | -38,748,000 | 7,544,000 | -1,546,000 | -2,681,000 | 7,460,000 | 200,000 | 200,000 | 4,091,716,000 | -59,336,000 | 64,609,315 | 10,685 | 10,685,000 | 10,685,000,000 | -2,378,091 | -10,362,909 | 3,779,000 | 6,597,000 | ||||||||||
issuance of senior unsecured notes | 562,968,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on business combination | 420,006,000 | -432,550,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposition | 226,828,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments (borrowings) on the revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of senior unsecured notes | -23,623,000 | -3,969,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments on the revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment reversal | -192,094,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax (recovery) expense | -56,093,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings (repayments) on the revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax recovery | 35,986,000 | -36,466,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments on the revolving credit facility | -146,591,000 | 219,669,000 | -179,882,000 | -226,609,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange loss on cash held in foreign currencies | -827,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on business combinations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions | -6,712,000 | -79,995,000 | -11,803,000 | -393,000 | -3,788,000 | 8,405,000 | -11,337,000 | 3,966,000 | -136,087,000 | -1,235,000 | -56,355,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes refunded | -5,259,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment (reversal) expense | 571,381,000 | 69,260,000 | -662,866,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred taxes | -125,771,000 | -107,702,000 | 171,228,000 | -22,527,000 | 206,416,000 | -257,542,000 | -30,156,000 | 10,044,000 | 14,943,000 | 12,840,000 | -33,203,000 | 9,651,000 | 33,682,000 | 37,198,000 | 7,673,000 | -52,271,000 | 18,098,000 | -21,228,000 | 12,022,000 | 6,537,000 | 1,231,000 | 6,620,000 | 34,890,000 | -9,293,000 | 5,533,000 | 4,047,000 | 4,047,000 | 14,242,000 | -3,001,000 | 28,731,000 | -28,431,000 | -21,297,000 | 8,024,000 | -25,913,000 | ||||||||||||||||||||||||||||
(repayments) borrowings on the revolving credit facility | 111,391,000 | -112,583,000 | -41,454,000 | -494,028,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on derivative instruments | -5,442,000 | -17,343,000 | -79,865,000 | -11,528,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment | -21,936,000 | -1,495,141,000 | 1,564,854,000 | 131,623,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows (used in) from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings on the revolving credit facility | 138,729,000 | 3,113,000 | -61,968,000 | -20,409,000 | 99,910,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange gain | -5,247,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings (repayments) on the revolving credit facility | 14,638,000 | 75,348,000 | 23,909,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in finance lease obligation | -277,000 | -1,264,000 | -114,000 | -949,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property acquisitions | -2,620,000 | -1,841,000 | -6,742,000 | -21,675,000 | -445,000 | -35,000 | -179,879,000 | -178,227,000 | -1,603,000 | -106,184,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance (repayment) of senior unsecured notes | 391,906,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in long-term debt | 33,755,000 | 75,013,000 | 30,381,000 | -121,967,000 | 154,914,000 | 197,987,000 | -257,327,000 | 305,727,000 | -50,000,000 | 571,000 | 69,429,000 | 69,429,000 | 107,921,000 | -36,424,000 | -76,656,000 | 47,342,000 | 72,593,000 | 32,702,000 | -5,002,000 | -19,998,000 | 44,999,000 | 44,999,000 | 48,999,000 | 80,031,054 | -30,054 | -30,054,000 | -30,054,000,000 | 46,999,000 | ||||||||||||||||||||||||||||||||||
repayment of senior unsecured notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows used in investing activities | -126,942,000 | -45,459,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplementary information for operating activities - cash payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of amount due pursuant to acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of shares pursuant to the dividend reinvestment plan | 1,223,000 | 17,558,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairments | 65,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on acquisitions | -45,309,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
remeasurement loss on liability associated with exchangeable shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
withdrawals from reclamation fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of shares or trust units pursuant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
to the dividend or distribution reinvestment plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends or distributions | -1,232,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
drilling and development of petroleum and natural gas properties | -13,748,000 | -118,414,000 | 1,558,000 | -7,135,000 | 20,038,000 | -119,896,000 | -119,896,000 | -22,272,000 | -28,469,082 | -39,918 | -39,918,000 | -39,918,000,000 | 31,142,598 | 6,209,000 | -37,389,000 | |||||||||||||||||||||||||||||||||||||||||||||||
exploration and evaluation of petroleum and natural gas properties | -35,699,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of petroleum and natural gas properties | -38,291,000 | -680,000 | -2,897,000 | -2,897,000 | -16,788,926,000 | -112,572,000 | -12,496,954 | -5,046 | -5,046,000 | -5,046,000,000 | 899,041 | 43,628,000 | -44,528,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of shares or trust units pursuant to the dividend or distribution reinvestment plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and accruals relating to derivative contracts | 46,963,000 | 9,867,000 | 177,000 | -3,991,000 | -3,991,000 | 6,262,000 | -3,159,782 | 1,782 | 1,782,000 | 1,782,000,000 | -2,382,041 | -5,513,959 | 6,744,000 | -1,245,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and accruals included in other expense relating to investments | 391,000 | -4,261,000 | 1,537,000 | 38,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of short term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issue of common shares or trust units pursuant to the dividend or distribution reinvestment plans | 12,976,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions | 15,205,000 | -547,000 | -45,359,000 | -45,359,000 | -43,437,363,000 | -161,000 | -40,435,975 | -40,025 | -40,025,000 | -40,025,000,000 | -39,913,192 | 39,674,192 | -1,061,000 | -38,653,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net earnings and comprehensive income - previous gaap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in equity based compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in loss on derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in foreign exchange loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accretion expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in depletion and depreciation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in deferred income tax expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reversal of non-controlling interest - exchangeable shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
remeasurement gain associated with exchangeable share liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings - ifrs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative translation adjustments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income - ifrs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
summary of changes in royalty and current tax expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
royalty expense - previous gaap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per boe | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of australia prrt from royalties to current taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
royalties - ifrs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current tax expense - previous gaap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current tax expense - ifrs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
summary of changes in financial metrics | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fund flows from operations - previous gaap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of contingent consideration to operating activities from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fund flows from operations – ifrs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net debt - previous gaap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassify current portion of deferred taxes to non-current | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment to accrue for contingent consideration | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net debt – ifrs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
canada | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
price | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized hedging gain | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
royalties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transportation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating netback | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
france | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
netherlands | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
australia | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prrt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total company | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administration | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized foreign exchange gain | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fund flows netback | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
future income taxes | 404,000 | -2,559,000 | -3,023,000 | -10,400,000 | -10,400,000 | -13,376,122,000 | -10,368,000 | 5,508,194 | -18,194 | -18,194,000 | -18,194,000,000 | 4,315,361 | -287,361 | 1,528,000 | -1,240,000 | |||||||||||||||||||||||||||||||||||||||||||||||
remeasurement of liability associated with exchangeable shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings netback | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from purchase of short-term investments | 612,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
petroleum and natural gas revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses and other expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depletion, depreciation and accretion | 9,961,000 | 10,238,000 | 4,289,000 | 57,063,000 | 57,063,000 | 56,806,398,000 | -1,734,000 | 65,273,082 | 62,918 | 62,918,000 | 62,918,000,000 | 64,075,303 | -65,087,303 | 2,665,000 | 62,486,000 | |||||||||||||||||||||||||||||||||||||||||||||||
earnings before income taxes and other items | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
future | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other items | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest – exchangeable shares | -3,746,000 | 11,775,195,000 | -656,000 | 2,459,066 | 1,934 | 1,934,000 | 1,934,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) related to equity method investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings and comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings, beginning of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions declared | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity-settled distributions on vested equity awards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings, end of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share or unit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares or units outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated statements of cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and accruals | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
relating to derivative contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange | 8,819,000 | -17,546,000 | -17,546,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included in other expense relating to | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from held for trading investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (purchase of) short-term investments | -28,877,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term investment | -627,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
withdrawals from the reclamation fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows (used in) from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issue of trust units for cash | 237,476,157,000 | 1,218,000 | 624,768 | 232 | 232,000 | 232,000,000 | -2,108,000 | 2,924,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issue of common shares or trust units pursuant to the | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividend or distribution reinvestment plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange (loss) on cash held in foreign currencies | 3,262,000 | -5,945,000 | -5,945,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplementary information - cash payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included in other income relating to | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from (used in) financing activities | 7,020,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss related to equity method investment | 865,000 | 593,890 | 1,110 | 1,110,000 | 1,110,000,000 | 109,000 | 6,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset retirement costs incurred | -127,000 | -4,852,981,000 | 596,000 | -1,612,349 | -2,651 | -2,651,000 | -2,651,000,000 | -4,920,014 | 1,139,014 | 7,000 | -1,149,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
issue of common shares or trust units pursuant to the distribution or dividend reinvestment plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unit based compensation | -1,243,000 | 5,307,000 | 5,307,000 | 4,515,294,000 | 100,000 | 4,601,636 | 4,364 | 4,364,000 | 4,364,000,000 | 4,679,546 | -4,344,546 | -552,000 | 4,901,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
(purchase of) proceeds from short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issue of trust units pursuant to the distribution reinvestment plan | 2,073,000 | 7,380,000 | 7,380,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and accruals included in other income relating to investments | 1,537,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest - exchangeable shares | 3,883,000 | 3,883,000 | -10,151,244 | 7,854,000 | 2,306,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term investments | 80,000 | 80,000 | -2,981,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) on derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unit-settled distributions on vested unit based awards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per trust unit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average trust units outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included in other expense relating to investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
drilling and development of petroleum and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
natural gas properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate acquisition, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(purchase of) short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to reclamation fund | -657,289 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) in long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issue of trust units pursuant to the distribution | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinvestment plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange (gain) loss | -6,430,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included in other income relating to investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from (used in) investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest on accrued on amount due pursuant to acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and accruals included in other expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
relating to investments | 1,042 | 1,042,000 | 1,042,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and accruals included in other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses and other expense or income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense or | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and accruals included in other expense or income relating to investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of petroleum and natural gas properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exchange gain on cash held in a foreign currencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain related to equity method investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and accruals included in other income or income relating to investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (gain) related to equity method investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and accruals included in other income or expense relating to investments | -589,778 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in long-term debt | 215,844,957 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from or used in financing activities | 246,909,149 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange (loss) on cash in foreign currencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange gain on cash in foreign currencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and amounts accrued relating to investments | -2,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issue of trust units pursuant to distribution reinvestment plan | 10,659,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
items not affecting cash: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and amounts accrued relating to derivative | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss (gain) of affiliate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized investment loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fund flows from operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issue of trust units for cash, net of issue costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange gain on cash held in a foreign currency | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gains and losses and amounts accrued relating to derivative contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of affiliate |