VAALCO Energy, Inc. (EGY) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48463320202569
Cash and cash equivalents48463320202569
Restricted cash and investments0111112
Receivables8191247520
Inventory, net of allowances, customer advances and progress billings3113112
Inventory3113112
Disposal group, including discontinued operation  332  
Other current assets      3
Other undisclosed current assets539673118
Total current assets:647059363864113
Noncurrent Assets
Operating lease, right-of-use asset2333
Nontrade receivables442754 
Property, plant and equipment376853232833108
Long-term investments and receivables11(1)(2)(7)(5)(4) 
Accounts and financing receivable, after allowance for credit loss11(1)(2)(7)(5)(4) 
Restricted cash and investments111111621
Deferred costs     22
Deferred income tax assets 24
Other undisclosed noncurrent assets11254191395
Total noncurrent assets:77142108434360136
TOTAL ASSETS:1412121668081124249
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:35512525306739
Accounts payable17168121947 
Accrued liabilities173014131120 
Taxes payable163    
Other undisclosed accounts payable and accrued liabilities      39
Debt1312 78  
Deferred compensation liability2      
Disposal group, including discontinued operation00151518  
Other undisclosed current liabilities3 0    
Total current liabilities:53644147566739
Noncurrent Liabilities
Long-term debt and lease obligation1021 271515
Long-term debt, excluding current maturities   271515
Operating lease, liability1021
Liabilities, other than long-term debt18171520191615
Asset retirement obligations17161520191615
Other liabilities01100  
Total noncurrent liabilities:27381523263130
Total liabilities:801025669819868
Stockholders' equity
Stockholders' equity attributable to parent6111011010(0)26180
Common stock7777777
Treasury stock, value(42)(41)(38)(38)(38)(38)(37)
Additional paid in capital74747271706964
Retained earnings (accumulated deficit)237169(30)(39)(12)147
Total stockholders' equity:6111011010(0)26180
TOTAL LIABILITIES AND EQUITY:1412121668081124249

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6785105776080128
Revenue, net776080128
Cost of revenue(39)(31)(26)(45)(44)(75)(51)
Cost of goods and services sold  (0)(42)(38)(40)(36)
Gross profit:2853793216577
Operating expenses(54)(28)(28)(12)(20)(146)(131)
Other operating income (expense), net(2)(4)0(0)(0)(3) 
Operating income (loss):(27)215120(4)(144)(54)
Nonoperating income (expense)7(0)42(2)1(1)
Investment income, nonoperating7   000
Foreign currency transaction loss, before tax      (1)
Other nonoperating income (expense)0(0)42(2)1(1)
Interest and debt expense  (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:(20)215521(9)(144)(55)
Other undisclosed income from continuing operations before income taxes 0     
Income (loss) from continuing operations before income taxes:(20)215521(9)(144)(55)
Income tax expense (benefit)(28)(24)43(10)(9)(15)(22)
Income (loss) from continuing operations:(48)(3)9910(18)(159)(78)
Income (loss) from discontinued operations(0)5(0)(1)(8)  
Net income (loss) attributable to parent:(48)39810(27)(159)(78)
Undistributed earnings (loss) allocated to participating securities, basic (0)(1) 
Net income (loss) available to common stockholders, basic:(48)39710(27)(159)(78)
Other undisclosed net income available to common stockholders, diluted 0     
Net income (loss) available to common stockholders, diluted:(48)39710(27)(159)(78)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(48)39810(27)(159)(78)
Comprehensive income (loss), net of tax, attributable to parent:(48)39810(27)(159)(78)

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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