Talos Energy, Inc. (TALO) financial statements (2021 and earlier)

Company profile

Business Address 333 CLAY STREET
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3432108107879189
Cash and cash equivalents3432108107879189
Receivables157126120114124126146
Prepaid expense29444650663938
Derivative instruments and hedges, assets7397319384324
Other current assets2222222
Other undisclosed current assets1813223763229
Total current assets:247256370502294333328
Noncurrent Assets
Operating lease, right-of-use asset777888 
Property, plant and equipment2,5362,8142,7342,6892,2262,2512,239
Derivative instruments and hedges1419 86
Other noncurrent assets247647225433
Other undisclosed noncurrent assets19141498917
Total noncurrent assets:2,5872,9162,8052,7362,2952,2792,264
TOTAL ASSETS:2,8353,1723,1753,2382,5892,6122,592
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities278304300219236286312
Accounts payable105111104597196115
Accrued liabilities163173185138155169186
Interest and dividends payable10201122102110
Debt22 2201918 
Derivative instruments and hedges, liabilities663327419419
Asset retirement obligation50544538616366
Other liabilities24232221201918
Other undisclosed current liabilities820136142144
Total current liabilities:448434408309370411458
Noncurrent Liabilities
Long-term debt and lease obligation1,0041,0141,0161,052750714697
Long-term debt, excluding current maturities9869959971,033733697697
Operating lease, liability191919191717 
Liabilities, other than long-term debt456442456482391411423
Asset retirement obligations392377387388308322328
Other liabilities54566292828993
Derivative instruments and hedges, liabilities10872112
Other undisclosed noncurrent liabilities      16
Total noncurrent liabilities:1,4601,4561,4721,5351,1411,1261,136
Total liabilities:1,9081,8901,8801,8431,5111,5371,594
Stockholders' equity
Stockholders' equity attributable to parent9271,2821,2951,3951,0781,075998
Common stock1111111
Additional paid in capital1,6601,5851,5451,5051,3461,3431,340
Accumulated deficit(734)(303)(251)(111)(268)(269)(342)
Total stockholders' equity:9271,2821,2951,3951,0781,075998
TOTAL LIABILITIES AND EQUITY:2,8353,1723,1753,2382,5892,6122,592

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues17613589188233229287
Cost of revenue(169)(142)(151)(150)(208)(134)(126)
Gross profit:7(7)(62)372595161
Operating expenses(293)(30)(33)(42)22(42)(66)
Operating income (loss):(285)(37)(95)(4)475395
Nonoperating income (expense)(64)(19)(69)243(59)4431
Investment income, nonoperating(67)(20)(69)243(60)4430
Interest and debt expense(23)(24)(26)(26)(25)(23)(25)
Income (loss) from continuing operations before income taxes:(373)(80)(190)213(36)74101
Income tax expense (benefit)(58)2849(55)37(1)(6)
Net income (loss) available to common stockholders, diluted:(431)(52)(141)15807395

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(431)(52)(141)15807395
Comprehensive income (loss), net of tax, attributable to parent:(431)(52)(141)15807395

Statements sources

The financial statements are based on the company's filings with the 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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