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)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments87140
Cash and cash equivalents87140
Restricted cash and investments 1
Receivables124134
Prepaid expense6639
Derivative instruments and hedges, assets875
Other current assets28
Other undisclosed current assets620
Total current assets:294417
Noncurrent Assets
Operating lease, right-of-use asset8
Property, plant and equipment2,2262,051
Other noncurrent assets543
Other undisclosed noncurrent assets89
Total noncurrent assets:2,2952,063
TOTAL ASSETS:2,5892,480
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities236250
Accounts payable7151
Accrued liabilities155189
Interest and dividends payable1010
Debt1915
Derivative instruments and hedges, liabilities191
Asset retirement obligation6169
Other liabilities2022
Other undisclosed current liabilities1424
Total current liabilities:370380
Noncurrent Liabilities
Long-term debt and lease obligation750655
Long-term debt, excluding current maturities733655
Operating lease, liability17
Liabilities, other than long-term debt391437
Asset retirement obligations308314
Other liabilities82123
Derivative instruments and hedges, liabilities1 
Total noncurrent liabilities:1,1411,092
Total liabilities:1,5111,472
Stockholders' equity
Stockholders' equity attributable to parent1,0781,007
Common stock11
Additional paid in capital1,3461,334
Accumulated deficit(268)(327)
Total stockholders' equity:1,0781,007
TOTAL LIABILITIES AND EQUITY:2,5892,480

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

12/31/2019
12/31/2018
Revenues928891
Cost of revenue(578)(452)
Gross profit:349439
Operating expenses(136)(186)
Operating income:213253
Nonoperating income (expense)(93)61
Investment income, nonoperating(95)60
Interest and debt expense(98)(90)
Income from continuing operations before income taxes:23224
Income tax expense (benefit)36(3)
Net income available to common stockholders, diluted:59222

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net income:59222
Comprehensive income, net of tax, attributable to parent:59222

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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