VAALCO Energy, Inc. (EGY) financial statements (2022 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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48,67547,85345,91733,36019,66920,47425,357
Cash and cash equivalents48,67547,85345,91733,36019,66920,47425,357
Restricted cash and investments79869118048427411,048
Receivables32,7867,91818,56611,9073,5566,7515,353
Inventory, net of allowances, customer advances and progress billings1,5933,0061,0727853,263913639
Inventory1,5933,0061,0727853,263913639
Disposal group, including discontinued operation   3,2902,8362,139 
Other undisclosed current assets5,1565,1153,2928,6486,2867,45731,345
Total current assets:88,28963,97869,75858,79436,45238,47563,742
Noncurrent Assets
Operating lease, right-of-use asset10,22722,56933,383
Nontrade receivables5,5364,2713,6832,2266,9255,1104,221
Property, plant and equipment94,32437,03668,25852,72423,22128,01933,373
Long-term investments and receivables3,90011,100(1,000)(2,000)(6,500)(4,700)(4,200)
Accounts and financing receivable, after allowance for credit loss3,90011,100(1,000)(2,000)(6,500)(4,700)(4,200)
Restricted cash and investments1,75292592592096791815,830
Deferred costs      1,655
Deferred income tax assets39,978 24,159
Other noncurrent assets1,176      
Other undisclosed noncurrent assets17,9081,35312,37153,64818,56813,2109,337
Total noncurrent assets:174,80177,254141,779107,51843,18142,55760,216
TOTAL ASSETS:263,090141,232211,537166,31279,63381,032123,958
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities71,36934,73451,41025,49524,57529,60266,716
Accounts payable18,79716,69015,8978,08311,58419,09646,848
Accrued liabilities49,44417,18429,77314,13812,99110,50619,868
Taxes payable3,1288605,7403,274   
Debt 12,89011,990 6,6667,500 
Deferred compensation liability6092,289     
Disposal group, including discontinued operation13735015,24515,34718,452 
Other undisclosed current liabilities12,2662,656 304   
Total current liabilities:84,25752,57663,75041,04446,58855,55466,716
Noncurrent Liabilities
Long-term debt and lease obligation5879,67121,371 2,3096,94015,000
Long-term debt, excluding current maturities    2,3096,94015,000
Operating lease, liability5879,67121,371
Liabilities, other than long-term debt33,94917,52716,69615,44120,44718,89616,166
Asset retirement obligations33,94917,33415,84414,81620,16318,61216,166
Other liabilities 193852625284284 
Total noncurrent liabilities:34,53627,19838,06715,44122,75625,83631,166
Total liabilities:118,79379,774101,81756,48569,34481,39097,882
Stockholders' equity
Stockholders' equity attributable to parent144,29761,458109,720109,82710,289(358)26,076
Common stock6,9566,7906,7676,7176,6446,6116,604
Treasury stock, value(43,847)(42,421)(41,429)(37,827)(37,953)(37,933)(37,882)
Additional paid in capital76,70074,43773,54972,35871,25170,26869,118
Retained earnings (accumulated deficit)104,48822,65270,83368,579(29,653)(39,304)(11,764)
Total stockholders' equity:144,29761,458109,720109,82710,289(358)26,076
TOTAL LIABILITIES AND EQUITY:263,090141,232211,537166,31279,63381,032123,958

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues199,07567,17684,521104,94377,02559,78480,445
Revenue, net77,02559,78480,445
Cost of revenue(73,401)(39,158)(31,330)(26,090)(45,051)(44,180)(75,478)
Cost of goods and services sold   (400)(42,097)(37,586)(40,096)
Gross profit:125,67428,01853,19178,85331,97415,6044,967
Operating expenses(46,134)(53,612)(27,577)(27,931)(11,939)(19,729)(145,572)
Other operating income (expense), net(440)(1,669)(4,421)365(84)(266)(2,948)
Operating income (loss):79,100(27,263)21,19351,28719,951(4,391)(143,553)
Nonoperating income (expense)(19,322)6,861(438)4,3322,113(2,012)821
Investment income, nonoperating(22,816)6,732   312
Other nonoperating income (expense)3,494129(438)4,3322,113(2,015)809
Interest and debt expense   (145)(1,414)(2,616)(1,337)
Income (loss) from continuing operations before equity method investments, income taxes:59,778(20,402)20,75555,47420,650(9,019)(144,069)
Other undisclosed income from continuing operations before income taxes  287    
Income (loss) from continuing operations before income taxes:59,778(20,402)21,04255,47420,650(9,019)(144,069)
Income tax expense (benefit)22,156(27,681)(23,890)43,254(10,378)(9,248)(14,587)
Income (loss) from continuing operations:81,934(48,083)(2,848)98,72810,272(18,267)(158,656)
Income (loss) from discontinued operations(98)(98)5,411(496)(621)(8,283) 
Net income (loss) attributable to parent:81,836(48,181)2,56398,2329,651(26,550)(158,656)
Undistributed earnings (loss) allocated to participating securities, basic(1,334) (18)(1,225) 
Net income (loss) available to common stockholders, basic:80,502(48,181)2,54597,0079,651(26,550)(158,656)
Other undisclosed net income available to common stockholders, diluted  18    
Net income (loss) available to common stockholders, diluted:80,502(48,181)2,56397,0079,651(26,550)(158,656)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):81,836(48,181)2,56398,2329,651(26,550)(158,656)
Comprehensive income (loss), net of tax, attributable to parent:81,836(48,181)2,56398,2329,651(26,550)(158,656)

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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