VAALCO Energy, Inc. (EGY) Financial Statements (2024 and earlier)
Company Profile
Business Address |
9800 RICHMOND AVE. HOUSTON, TX 77042 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 46,186 | 52,119 | 37,205 | 69,289 | 53,062 | 18,939 | |||
Cash and cash equivalents | 46,186 | 52,119 | 37,205 | 69,289 | 53,062 | 18,939 | |||
Restricted cash and investments | 113 | 76 | 222 | 203 | 216 | 4,230 | |||
Receivables | 124,191 | 97,977 | 139,265 | 36,902 | 81,665 | 59,992 | |||
Inventory, net of allowances, customer advances and progress billings | 10,800 | 11,778 | 3,335 | 4,254 | 13,867 | 4,634 | |||
Inventory | 10,800 | 11,778 | 3,335 | 4,254 | 13,867 | 4,634 | |||
Prepaid expense | 6,600 | 7,200 | 2,700 | ||||||
Other undisclosed current assets | 11,477 | 10,224 | 17,370 | 12,616 | 8,064 | 8,408 | |||
Total current assets: | 199,367 | 179,374 | 200,097 | 123,264 | 156,874 | 96,203 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 90,584 | 91,198 | 90,698 | 1,630 | 1,713 | 1,795 | |||
Operating lease, right-of-use asset | 1,639 | 2,211 | 2,777 | 1,705 | 3,435 | 6,872 | |||
Nontrade receivables | 8,807 | 8,026 | 7,150 | 5,846 | 5,723 | 5,692 | |||
Property, plant and equipment | 481,740 | 499,953 | 495,272 | 194,711 | 151,718 | 121,935 | |||
Long-term investments and receivables | (9,500) | (9,000) | 5,200 | (6,700) | (6) | (6,100) | |||
Accounts and financing receivable, after allowance for credit loss | (9,500) | (9,000) | 5,200 | (6,700) | (6) | (6,100) | |||
Restricted cash and investments | 1,779 | 1,771 | 1,763 | 1,755 | 1,752 | 1,752 | |||
Deferred income tax assets | 37,155 | 33,430 | 35,432 | 41,495 | 24,447 | 50,296 | |||
Other noncurrent assets | 1,674 | 1,752 | 1,866 | 5,529 | 3,811 | 2,596 | |||
Other undisclosed noncurrent assets | 15,768 | 15,268 | 15,386 | 25,538 | 20,097 | 27,469 | |||
Total noncurrent assets: | 629,646 | 644,609 | 655,544 | 271,509 | 212,690 | 212,307 | |||
TOTAL ASSETS: | 829,013 | 823,983 | 855,641 | 394,773 | 369,564 | 308,510 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 15,301 | 8,050 | 68,047 | 97,840 | 99,915 | 110,737 | |||
Taxes payable | ✕ | ✕ | ✕ | ✕ | 28,056 | 29,221 | 8,819 | ||
Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 2,676 | 1,611 | ✕ | ||
Accounts payable | 59,886 | 30,276 | 19,151 | 10,509 | |||||
Accrued liabilities | 15,301 | 8,050 | 8,161 | 36,832 | 49,932 | 91,409 | |||
Debt | 7,684 | 6,907 | 7,811 | 317 | 326 | 341 | |||
Deferred compensation liability | 32 | 297 | 570 | 544 | 1,049 | 1,422 | |||
Derivative instruments and hedges, liabilities | 12,547 | ||||||||
Asset retirement obligation | 5,729 | 260 | 306 | 6,701 | 6,835 | ||||
Disposal group, including discontinued operation | 673 | 673 | 687 | 14 | 7 | 7 | |||
Other undisclosed current liabilities | 124,284 | 132,644 | 84,669 | 37,595 | 44,232 | 5,007 | |||
Total current liabilities: | 153,703 | 148,831 | 162,090 | 143,011 | 164,911 | 117,514 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 79,856 | 80,470 | 78,248 | 1,772 | 1,663 | 1,872 | |||
Finance lease, liability | 79,856 | 80,470 | 78,248 | 1,251 | 1,331 | 1,411 | |||
Liabilities, other than long-term debt | 143,448 | 139,507 | 149,198 | 76,304 | 34,809 | 34,377 | |||
Asset retirement obligations | 42,958 | 42,327 | 41,695 | 35,247 | 34,809 | 34,377 | |||
Deferred income tax liabilities | 82,895 | 79,854 | 81,223 | 41,057 | |||||
Other liabilities | 17,465 | 16,959 | 25,594 | ||||||
Operating lease, liability | 130 | 367 | 686 | 521 | 332 | 461 | |||
Total noncurrent liabilities: | 223,304 | 219,977 | 227,446 | 78,076 | 36,472 | 36,249 | |||
Total liabilities: | 377,007 | 368,808 | 389,536 | 221,087 | 201,383 | 153,763 | |||
Equity | |||||||||
Equity, attributable to parent | 452,006 | 455,175 | 466,105 | 173,686 | 168,181 | 154,747 | |||
Common stock | 12,121 | 12,012 | 11,948 | 7,013 | 7,013 | 6,986 | |||
Treasury stock, value | (59,055) | (53,029) | (47,652) | (44,635) | (44,635) | (44,234) | |||
Additional paid in capital | 355,206 | 354,499 | 353,606 | 78,500 | 77,919 | 77,272 | |||
Accumulated other comprehensive income | 3,060 | 1,054 | 1,179 | ||||||
Retained earnings | 140,674 | 140,639 | 147,024 | 132,808 | 127,884 | 114,723 | |||
Total equity: | 452,006 | 455,175 | 466,105 | 173,686 | 168,181 | 154,747 | |||
TOTAL LIABILITIES AND EQUITY: | 829,013 | 823,983 | 855,641 | 394,773 | 369,564 | 308,510 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 109,240 | 80,403 | 96,588 | 78,097 | 110,985 | 68,656 | ||
Cost of revenue | (44,307) | (27,155) | (43,861) | (32,235) | (25,542) | (13,679) | ||
Gross profit: | 64,933 | 53,248 | 52,727 | 45,862 | 85,443 | 54,977 | ||
Operating expenses | (44,079) | (31,629) | (28,546) | (11,962) | (12,296) | (14,967) | ||
Other operating income (expense), net | (303) | 43 | (5) | |||||
Operating income: | 20,551 | 21,619 | 24,224 | 33,900 | 73,147 | 40,005 | ||
Nonoperating income (expense) | (2,209) | (3,365) | 497 | (4,163) | (11,771) | (32,457) | ||
Investment income, nonoperating | (1,672) | (2,225) | (1,969) | 3,544 | (9,660) | (31,761) | ||
Other nonoperating income (expense) | (537) | (1,140) | 2,466 | (7,707) | (2,111) | (696) | ||
Income from continuing operations before income taxes: | 18,342 | 18,254 | 24,721 | 29,737 | 61,376 | 7,548 | ||
Income tax expense (benefit) | (11,588) | (14,771) | (6,953) | (22,843) | (46,252) | 4,628 | ||
Income from continuing operations: | 6,754 | 3,483 | 17,768 | 6,894 | 15,124 | 12,176 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 6,894 | 15,124 | 12,164 | |
Loss from discontinued operations | (2) | (13) | (12) | |||||
Other undisclosed net loss | (72) | |||||||
Net income: | 6,752 | 3,470 | 17,696 | 6,894 | 15,124 | 12,164 | ||
Other undisclosed net income (loss) attributable to parent | 58 | (26) | (20) | |||||
Net income attributable to parent: | 6,752 | 3,470 | 17,754 | 6,868 | 15,104 | 12,164 | ||
Undistributed earnings (loss) allocated to participating securities, basic | (27) | (29) | (137) | (75) | (229) | (139) | ||
Net income available to common stockholders, basic: | 6,725 | 3,441 | 17,617 | 6,793 | 14,875 | 12,025 | ||
Other undisclosed net income (loss) available to common stockholders, diluted | 27 | (18) | 1 | |||||
Net income available to common stockholders, diluted: | 6,752 | 3,423 | 17,617 | 6,793 | 14,876 | 12,025 |
Comprehensive Income ($ in thousands)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 6,752 | 3,470 | 17,696 | 6,894 | 15,124 | 12,164 | ||
Other comprehensive income (loss) | 2,000 | (100) | ||||||
Comprehensive income: | 8,752 | 3,370 | 17,696 | 6,894 | 15,124 | 12,164 | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 6 | (25) | 1,179 | |||||
Comprehensive income, net of tax, attributable to parent: | 8,758 | 3,345 | 18,875 | 6,894 | 15,124 | 12,164 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.