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 | |||
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ASSETS | ||||||||
Current Assets | ||||||||
Cash, cash equivalents, and short-term investments | 44,145 | 69,852 | 34,233 | 87,022 | 139,914 | |||
Cash and cash equivalents | 44,145 | 69,852 | 34,233 | 87,022 | 139,914 | |||
Restricted cash and investments | 1,248 | |||||||
Receivables | 205,295 | 201,406 | 156,691 | 124,394 | 133,969 | |||
Prepaid expense | 84,759 | 48,042 | 29,285 | 65,877 | 38,911 | |||
Derivative instruments and hedges, assets | 25,029 | 967 | 6,876 | 8,393 | 75,473 | |||
Other current assets | 1,917 | 1,674 | 1,859 | 1,836 | 7,644 | |||
Other undisclosed current assets | 6,684 | 18,062 | 18,448 | 6,462 | 19,687 | |||
Total current assets: | 367,829 | 340,003 | 247,392 | 293,984 | 416,846 | |||
Noncurrent Assets | ||||||||
Inventory, Noncurrent | 25,541 | 17,449 | ||||||
Operating lease, right-of-use asset | 5,903 | 5,714 | 6,855 | 7,779 | ✕ | |||
Property, plant and equipment | 2,643,275 | 2,388,582 | 2,536,169 | 2,225,612 | 2,051,221 | |||
Long-term investments and receivables | 1,745 | |||||||
Long-term investments | 1,745 | |||||||
Accounts and financing receivable, after allowance for credit loss | ||||||||
Derivative instruments and hedges | 7,854 | 2,770 | 945 | |||||
Restricted cash and investments | ||||||||
Other noncurrent assets | 6,479 | 12,297 | 24,258 | 54,375 | 2,695 | |||
Other undisclosed noncurrent assets | 18,927 | 7,732 | 9,224 | |||||
Total noncurrent assets: | 2,690,797 | 2,426,812 | 2,587,154 | 2,295,498 | 2,063,140 | |||
TOTAL ASSETS: | 3,058,626 | 2,766,815 | 2,834,546 | 2,589,482 | 2,479,986 | |||
LIABILITIES AND EQUITY | ||||||||
Liabilities | ||||||||
Current Liabilities | ||||||||
Accounts payable and accrued liabilities | 347,943 | 253,816 | 277,752 | 236,422 | 249,869 | |||
Interest and dividends payable | ✕ | ✕ | 37,542 | 9,509 | 10,249 | 10,200 | ||
Accounts payable | 128,174 | 85,815 | 104,864 | 71,357 | 51,019 | |||
Accrued liabilities | 219,769 | 130,459 | 163,379 | 154,816 | 188,650 | |||
Debt | 16,306 | 33,143 | 21,804 | 19,103 | 14,570 | |||
Derivative instruments and hedges, liabilities | 68,370 | 186,526 | 66,010 | 19,476 | 550 | |||
Asset retirement obligation | 39,888 | 60,311 | 49,921 | 61,051 | 68,965 | |||
Other liabilities | 60,359 | 33,061 | 24,155 | 20,180 | 22,071 | |||
Other undisclosed current liabilities | 74,192 | 33,669 | 7,892 | 14,220 | 24,393 | |||
Total current liabilities: | 607,058 | 600,526 | 447,534 | 370,452 | 380,418 | |||
Noncurrent Liabilities | ||||||||
Long-term debt and lease obligation | 585,340 | 972,997 | 1,004,066 | 750,220 | 654,861 | |||
Long-term debt, excluding current maturities | 585,340 | 956,667 | 985,512 | 732,981 | 654,861 | |||
Liabilities, other than long-term debt | 700,652 | 432,639 | 456,345 | 390,533 | 437,211 | |||
Asset retirement obligations | 501,773 | 373,695 | 392,348 | 308,427 | 313,852 | |||
Other liabilities | 176,152 | 45,006 | 54,372 | 81,595 | 123,359 | |||
Operating lease, liability | 14,855 | 16,330 | 18,554 | 17,239 | ✕ | |||
Derivative instruments and hedges, liabilities | 7,872 | 13,938 | 9,625 | 511 | ||||
Total noncurrent liabilities: | 1,285,992 | 1,405,636 | 1,460,411 | 1,140,753 | 1,092,072 | |||
Total liabilities: | 1,893,050 | 2,006,162 | 1,907,945 | 1,511,205 | 1,472,490 | |||
Equity | ||||||||
Equity, attributable to parent | 1,165,576 | 760,653 | 926,601 | 1,078,277 | 1,007,496 | |||
Common stock | 826 | 819 | 813 | 542 | 542 | |||
Treasury stock, value | ||||||||
Additional paid in capital | 1,699,799 | 1,676,798 | 1,659,800 | 1,346,142 | 1,334,090 | |||
Accumulated deficit | (535,049) | (916,964) | (734,012) | (268,407) | (327,136) | |||
Total equity: | 1,165,576 | 760,653 | 926,601 | 1,078,277 | 1,007,496 | |||
TOTAL LIABILITIES AND EQUITY: | 3,058,626 | 2,766,815 | 2,834,546 | 2,589,482 | 2,479,986 |
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 | ||
---|---|---|---|---|---|---|---|
Revenues | 1,651,980 | 1,244,540 | 587,486 | 927,620 | 891,288 | ||
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: | 891,868 | 529,545 | (24,478) | 349,134 | 439,250 | ||
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) | 33,902 | 32,037 | |||||
Operating income (loss): | 736,119 | 374,616 | (421,310) | 213,094 | 253,129 | ||
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) | 3,018 | 2,678 | 1,012 | ||
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) | 22,588 | 224,462 | ||
Income from equity method investments | 14,222 | ||||||
Income (loss) from continuing operations before income taxes: | 384,452 | (184,587) | (430,022) | 22,588 | 224,462 | ||
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) | 58,729 | 221,540 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (182,952) | (465,605) | 58,729 | 221,540 | |
Net income (loss) available to common stockholders, diluted: | 381,915 | (182,952) | (465,605) | 58,729 | 221,540 |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
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Net income (loss): | 381,915 | (182,952) | (465,605) | 58,729 | 221,540 | ||
Comprehensive income (loss), net of tax, attributable to parent: | 381,915 | (182,952) | (465,605) | 58,729 | 221,540 |
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.