VAALCO Energy, Inc. (EGY) financial statements (2020 and earlier)

Company profile

Business Address 9800 RICHMOND AVE.
HOUSTON, TX 77042
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments573320202569131
Cash and cash equivalents573320202569131
Restricted cash and investments111112 
Receivables9124752017
Inventory, net of allowances, customer advances and progress billings113112
Inventory113112 
Disposal group, including discontinued operation 332   
Other current assets     34
Other undisclosed current assets7967311816
Total current assets:7559363864113167
Noncurrent Assets
Operating lease, right-of-use asset37
Nontrade receivables32754 
Property, plant and equipment5753232833108139
Long-term investments and receivables(1)(2)(7)(5)(4)  
Accounts and financing receivable, after allowance for credit loss(1)(2)(7)(5)(4)  
Restricted cash and investments11111621 
Deferred costs    22 
Other undisclosed noncurrent assets38541913952
Total noncurrent assets:134108434360136141
TOTAL ASSETS:2091668081124249308
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:34252530673943
Accounts payable78121947  
Accrued liabilities2414131120  
Taxes payable33     
Other undisclosed accounts payable and accrued liabilities     3943
Debt12 78   
Deferred compensation liability3      
Disposal group, including discontinued operation0151518   
Other undisclosed current liabilities90    3
Total current liabilities:58414756673946
Noncurrent Liabilities
Long-term debt and lease obligation24 271515 
Long-term debt, excluding current maturities  271515 
Operating lease, liability24
Liabilities, other than long-term debt16152019161511
Asset retirement obligations16152019161511
Other liabilities1100   
Total noncurrent liabilities:41152326313011
Total liabilities:99566981986857
Stockholders' equity
Stockholders' equity attributable to parent11011010(0)26180251
Common stock7777776
Treasury stock, value(40)(38)(38)(38)(38)(37)(35)
Additional paid in capital73727170696455
Retained earnings (accumulated deficit)7069(30)(39)(12)147224
Total stockholders' equity:11011010(0)26180251
TOTAL LIABILITIES AND EQUITY:2091668081124249308

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues90105776080128169
Revenue, net776080128169
Cost of revenue(15)(26)(45)(44)(75)(51)(41)
Cost of goods and services sold (0)(42)(38)(40)(36)(41)
Gross profit:75793216577129
Operating expenses(42)(28)(12)(20)(146)(131)(63)
Other operating income (expense), net(4)0(0)(0)(3)  
Other undisclosed operating income      12
Operating income (loss):295120(4)(144)(54)77
Nonoperating income (expense)642(2)1(1)(0)
Investment income, nonoperating   0000
Foreign currency transaction loss, before tax     (1)(0)
Other nonoperating income (expense)642(2)1(1)(0)
Interest and debt expense0(0)(1)(3)(1)(0) 
Other undisclosed income from continuing operations before equity method investments, income taxes     0 
Income (loss) from continuing operations before equity method investments, income taxes:355521(9)(144)(55)77
Other undisclosed income from continuing operations before income taxes3      
Income (loss) from continuing operations before income taxes:385521(9)(144)(55)77
Income tax expense (benefit)(31)43(10)(9)(15)(22)(34)
Income (loss) from continuing operations:79910(18)(159)(78)43
Income (loss) from discontinued operations5(0)(1)(8)   
Net income (loss) attributable to parent:129810(27)(159)(78)43
Undistributed earnings (loss) allocated to participating securities, basic(0)(1) 
Net income (loss) available to common stockholders, diluted:129710(27)(159)(78)43

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):129810(27)(159)(78)43
Comprehensive income (loss), net of tax, attributable to parent:129810(27)(159)(78)43

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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