Talos Energy, Inc. (TALO) Financial Statements (2024 and earlier)

Company Profile

Business Address 333 CLAY STREET
HOUSTON, TX 77002
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44,14569,85234,23387,022139,914
Cash and cash equivalents44,14569,85234,23387,022139,914
Restricted cash and investments     1,248
Receivables205,295201,406156,691124,394133,969
Prepaid expense84,75948,04229,28565,87738,911
Derivative instruments and hedges, assets25,0299676,8768,39375,473
Other current assets1,9171,6741,8591,8367,644
Other undisclosed current assets6,68418,06218,4486,46219,687
Total current assets:367,829340,003247,392293,984416,846
Noncurrent Assets
Inventory, Noncurrent25,54117,449   
Operating lease, right-of-use asset5,9035,7146,8557,779
Property, plant and equipment2,643,2752,388,5822,536,1692,225,6122,051,221
Long-term investments and receivables1,745    
Long-term investments1,745    
Accounts and financing receivable, after allowance for credit loss     
Derivative instruments and hedges7,8542,770945  
Restricted cash and investments     
Other noncurrent assets6,47912,29724,25854,3752,695
Other undisclosed noncurrent assets   18,9277,7329,224
Total noncurrent assets:2,690,7972,426,8122,587,1542,295,4982,063,140
TOTAL ASSETS:3,058,6262,766,8152,834,5462,589,4822,479,986
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities347,943253,816277,752236,422249,869
Interest and dividends payable37,5429,50910,24910,200
Accounts payable128,17485,815104,86471,35751,019
Accrued liabilities219,769130,459163,379154,816188,650
Debt16,30633,14321,80419,10314,570
Derivative instruments and hedges, liabilities68,370186,52666,01019,476550
Asset retirement obligation39,88860,31149,92161,05168,965
Other liabilities60,35933,06124,15520,18022,071
Other undisclosed current liabilities74,19233,6697,89214,22024,393
Total current liabilities:607,058600,526447,534370,452380,418
Noncurrent Liabilities
Long-term debt and lease obligation585,340972,9971,004,066750,220654,861
Long-term debt, excluding current maturities585,340956,667985,512732,981654,861
Liabilities, other than long-term debt700,652432,639456,345390,533437,211
Asset retirement obligations501,773373,695392,348308,427313,852
Other liabilities176,15245,00654,37281,595123,359
Operating lease, liability14,85516,33018,55417,239
Derivative instruments and hedges, liabilities7,87213,9389,625511 
Total noncurrent liabilities:1,285,9921,405,6361,460,4111,140,7531,092,072
Total liabilities:1,893,0502,006,1621,907,9451,511,2051,472,490
Equity
Equity, attributable to parent1,165,576760,653926,6011,078,2771,007,496
Common stock826819813542542
Treasury stock, value     
Additional paid in capital1,699,7991,676,7981,659,8001,346,1421,334,090
Accumulated deficit(535,049)(916,964)(734,012)(268,407)(327,136)
Total equity:1,165,576760,653926,6011,078,2771,007,496
TOTAL LIABILITIES AND EQUITY:3,058,6262,766,8152,834,5462,589,4822,479,986

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,651,9801,244,540587,486927,620891,288
Gain on disposition of assets for financial service operations   143,905  
Cost of revenue(760,112)(714,995)(611,964)(578,486)(452,038)
Gross profit:891,868529,545(24,478)349,134439,250
Operating expenses(155,749)(154,929)(396,832)(136,040)(186,121)
Other operating income (expense), net(33,902)(32,037)   
Other undisclosed operating income (loss)33,90232,037   
Operating income (loss):736,119374,616(421,310)213,094253,129
Nonoperating income (expense)(240,391)(426,065)90,703(92,659)61,447
Investment income, nonoperating(272,191)(419,077)87,685(95,337)60,435
Other nonoperating income (expense)31,800(6,988)3,0182,6781,012
Interest and debt expense(125,498)(133,138)(99,415)(97,847)(90,114)
Income (loss) from continuing operations before equity method investments, income taxes:370,230(184,587)(430,022)22,588224,462
Income from equity method investments14,222    
Income (loss) from continuing operations before income taxes:384,452(184,587)(430,022)22,588224,462
Income tax expense (benefit)(2,537)1,635(35,583)36,141(2,922)
Income (loss) from continuing operations:381,915(182,952)(465,605)58,729221,540
Income (loss) before gain (loss) on sale of properties:(182,952)(465,605)58,729221,540
Net income (loss) available to common stockholders, diluted:381,915(182,952)(465,605)58,729221,540

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):381,915(182,952)(465,605)58,729221,540
Comprehensive income (loss), net of tax, attributable to parent:381,915(182,952)(465,605)58,729221,540

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.

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