Vaalco energy, inc. (EGY)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

60,973

45,917

57,227

48,557

46,195

33,360

33,715

40,490

32,205

19,669

18,863

20,640

24,245

20,474

26,883

13,681

24,156

25,357

40,701

61,048

46,552

69,051

133,498

118,567

80,721

130,529

100,465

78,708

102,641

130,800

136,264

137,796

140,329

137,139

112,575

114,467

81,234

Restricted cash

994

911

769

799

788

804

1,025

1,029

866

842

829

802

755

741

788

783

796

1,048

1,072

1,194

1,197

1,584

-

-

-

12,366

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,301

12,301

12,159

-

2,180

1,770

2,075

1,257

1,259

1,226

947

1,314

991

11,043

14,932

Receivables:
Trade

-

14,335

7,503

-

-

11,907

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade

-

-

-

13,828

9,036

-

-

9,607

8,260

3,556

7,203

8,062

6,496

6,751

5,940

7,363

5,423

5,353

6,984

8,165

19,209

19,527

6,026

21,585

87

16,972

486

26,227

24,502

7,961

11,747

19,991

643

10,087

11,144

11,050

14,068

Accounts with joint venture owners, net of allowance of $0.0 million and $0.5 million, respectively

117

2,714

113

130

77

949

931

-

88

3,395

2,748

978

3

3,297

1,639

12,220

23,139

19,765

17,930

19,054

-

10,903

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

2,241

1,517

1,160

1,239

1,076

1,398

408

122

12

100

1

1

81

120

36

100

133

42

569

6,278

-

3,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Crude oil inventory

3,865

1,072

775

553

1,274

785

2,232

1,298

1,279

3,263

1,160

952

1,037

913

770

704

920

639

957

447

-

1,905

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts with partners, net of allowance $7.6 million at March 31, 2015 and December 31, 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,283

-

2,969

1,490

40,963

307

4,799

4,821

1,268

689

8,545

2,135

13,649

6,974

8,898

11,532

16,180

Other, net of allowance of $2.4 million at March 31, 2015 and December 31, 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,089

-

5,404

5,494

4,462

4,435

10,527

7,688

7,537

4,463

3,027

5,068

8,424

4,239

4,547

10,352

10,412

Crude oil inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,692

-

1,464

305

1,152

352

3,503

3,328

259

683

2,368

1,379

1,842

757

5,397

891

548

Materials and supplies

-

-

-

-

-

-

-

-

-

-

-

-

102

-

145

161

174

194

232

254

233

286

1,665

503

468

164

224

642

325

337

376

415

450

235

280

472

501

Prepayments and other

10,859

3,292

6,996

4,808

3,580

6,301

3,058

3,721

3,767

2,791

2,952

4,392

3,362

4,040

3,602

3,630

3,578

2,975

5,285

5,069

-

6,509

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current assets - discontinued operations

-

-

-

-

-

3,290

3,222

3,172

3,030

2,836

2,773

2,578

2,415

2,139

1,747

-

-

8,369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepayments and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,854

-

5,884

2,528

6,312

2,339

4,689

4,099

2,677

2,935

5,007

3,754

4,966

2,178

5,054

2,363

1,482

Total current assets

79,049

69,758

74,543

69,914

62,026

58,794

44,591

59,439

49,507

36,452

36,529

38,405

38,496

38,475

41,550

38,642

58,319

63,742

73,730

101,509

111,109

113,050

169,211

162,773

146,324

167,464

126,873

127,283

141,284

149,125

168,593

171,764

171,250

162,923

148,886

162,170

139,357

Crude oil and natural gas properties and equipment - successful efforts method:
Wells, platforms and other production facilities

442,866

422,651

409,995

-

-

409,487

-

390,404

390,279

-

389,204

389,192

389,302

389,231

410,301

410,423

412,593

412,593

399,485

368,734

-

338,641

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wells, platforms and other production facilities

-

-

-

409,862

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wells, platforms and other production facilities

-

-

-

-

-

-

-

-

-

389,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wells, platforms and other production facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

359,105

-

218,390

218,422

217,805

215,701

204,903

198,571

188,911

188,208

190,484

189,317

192,207

178,653

178,405

167,355

168,139

Undeveloped acreage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,412

-

22,133

22,133

22,919

23,705

23,945

28,410

28,657

28,657

26,187

24,605

24,647

25,344

25,304

19,245

16,692

Work-in-progress

-

7,378

5,303

1,002

1,130

519

-

-

-

-

-

-

-

-

-

-

-

-

2,099

23,684

17,213

25,157

127,775

102,858

74,311

64,489

66,737

61,929

53,621

38,137

44,528

26,482

22,526

20,703

13,185

16,333

8,812

Undeveloped acreage

21,476

23,771

23,771

23,771

23,771

23,771

23,771

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

18,787

18,787

-

22,133

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment and other

9,367

11,157

12,523

10,903

9,843

9,552

8,821

8,531

9,366

9,432

10,318

10,283

10,003

9,779

10,357

10,545

10,726

10,805

15,279

13,546

11,290

11,907

8,349

6,864

7,801

6,831

6,512

7,221

6,734

7,574

6,653

6,636

6,787

4,543

3,609

2,837

2,634

Crude oil and natural gas properties, equipment - successful efforts method

473,709

464,957

451,592

445,538

444,027

443,329

442,203

408,935

409,645

409,367

409,522

409,475

409,305

409,010

430,658

430,968

433,319

433,398

435,650

424,751

407,020

397,838

376,647

350,277

322,836

310,726

302,097

296,131

277,923

262,576

267,852

247,040

246,167

229,243

220,503

205,770

196,277

Accumulated depreciation, depletion, amortization and impairment

430,209

396,699

394,975

393,669

391,960

390,605

388,660

387,808

387,046

386,146

385,617

384,209

382,622

380,991

405,080

403,888

402,157

400,041

340,321

314,337

300,014

289,714

187,037

182,825

176,000

172,202

167,528

163,411

159,301

155,968

153,541

140,922

134,733

129,395

118,003

111,604

99,457

Net crude oil and natural gas properties, equipment and other

43,500

68,258

56,617

51,869

52,067

52,724

53,543

21,127

22,599

23,221

23,905

25,266

26,683

28,019

25,578

27,080

31,162

33,357

95,329

110,414

107,006

108,124

189,610

167,452

146,836

138,524

134,569

132,720

118,622

-

114,311

106,118

111,434

99,848

102,500

94,166

96,820

Net property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106,608

-

-

-

-

-

-

-

Other noncurrent assets:
Restricted cash

925

925

924

922

921

920

918

918

968

967

967

918

918

918

830

15,830

15,830

15,830

15,830

15,830

15,830

20,830

-

-

-

830

-

-

-

-

-

-

-

-

-

-

-

Value added tax and other receivables, net of allowance of $1.7 million and $1.0 million, respectively

3,543

3,683

3,035

2,742

1,444

2,226

2,306

6,724

7,043

6,925

6,624

6,044

5,390

5,110

5,107

4,968

4,690

4,221

3,818

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use operating lease assets

30,448

33,383

36,852

34,124

36,631

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

24,159

-

-

-

40,077

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

830

830

830

-

10,830

10,871

10,874

10,874

10,895

10,895

10,895

10,895

10,895

874

874

Deferred tax assets

-

-

25,903

30,946

37,021

-

50,195

1,260

1,260

1,260

-

-

-

-

-

-

-

-

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

1,349

Abandonment funding

-

-

-

-

-

-

10,808

-

-

10,808

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred finance charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,552

1,655

1,486

1,648

1,799

1,959

1,856

1,913

1,722

-

-

-

-

-

-

-

-

-

-

-

-

Abandonment funding

11,227

11,371

11,112

11,550

11,390

11,571

-

10,808

10,808

-

8,510

8,510

8,510

8,510

5,137

5,137

5,137

5,137

3,537

3,537

3,537

3,537

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent assets - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Funds in escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

874

-

Total assets

168,692

211,537

208,986

202,067

201,500

166,312

162,361

100,276

92,185

79,633

76,535

79,143

79,997

81,032

78,202

91,657

116,690

123,958

195,079

234,287

240,630

248,849

362,856

334,317

297,061

308,167

273,621

272,223

272,129

267,956

295,148

290,126

294,928

275,015

263,630

258,559

238,400

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable

14,804

15,897

6,658

8,016

4,174

8,083

7,219

10,876

10,269

11,584

13,849

14,968

9,745

19,096

11,553

23,579

43,671

44,140

-

-

-

11,671

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts with joint venture owners

11,271

-

11,828

3,781

4,421

304

5,496

9,807

4,822

-

-

291

4,805

-

-

-

-

-

-

3,330

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities and other

22,990

29,773

23,886

19,539

15,158

14,138

17,662

16,893

13,477

12,991

10,098

9,568

8,962

10,506

13,551

14,701

19,803

18,447

-

-

-

26,869

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities - current portion

12,050

11,990

12,432

10,500

10,334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign taxes payable

4,177

5,740

3,211

453

4,505

3,274

1,775

5,431

1,849

-

-

-

-

-

-

3,074

2,967

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long term debt

-

-

-

-

-

-

-

-

5,833

6,666

7,500

8,333

8,333

7,500

6,250

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current liabilities - discontinued operations

395

350

326

4,847

4,675

15,245

15,191

15,186

15,002

15,347

15,400

15,186

18,320

18,452

18,656

-

-

4,129

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,790

60,939

61,942

-

50,666

49,739

38,446

42,561

35,563

33,219

35,190

30,326

25,511

20,794

33,461

24,677

22,408

19,597

26,702

Accounts with partners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,812

-

-

-

-

3,268

-

-

-

-

-

-

-

-

-

-

-

Accounts with partners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,429

1,618

1,732

-

4,885

-

4,935

14,737

-

-

-

413

-

-

-

Total current liabilities

65,687

63,750

58,341

47,136

43,267

41,044

47,343

58,193

51,252

46,588

46,847

48,346

50,165

55,554

50,010

46,354

66,441

66,716

57,790

64,269

66,754

38,540

56,095

51,357

40,178

45,829

40,448

33,219

40,125

45,063

25,511

20,794

33,461

25,090

22,408

19,597

26,702

Asset retirement obligations

16,421

15,844

15,709

15,214

15,014

14,816

14,459

20,708

20,434

20,163

19,202

18,947

18,851

18,612

16,849

16,632

16,418

16,166

16,198

15,951

15,290

14,846

13,659

11,732

11,630

11,464

11,298

11,135

10,750

10,368

9,853

9,463

14,874

14,528

14,945

14,592

13,425

Operating lease liabilities - net of current portion

18,379

21,371

24,397

23,624

26,297

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

11,758

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long term liabilities

34

852

652

421

624

625

1,264

892

283

284

284

283

284

284

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,630

2,480

2,330

2,330

2,230

2,230

2,030

Long term debt, excluding current portion, net

-

-

-

-

-

-

-

-

1,119

2,309

3,483

4,642

6,621

6,940

8,134

9,344

15,000

15,000

15,000

15,000

15,000

15,000

15,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

112,279

101,817

99,099

86,395

85,202

56,485

63,066

79,793

73,088

69,344

69,816

72,218

75,921

81,390

74,993

72,330

97,859

97,882

88,988

95,220

97,044

68,386

84,754

63,089

51,808

57,293

51,746

44,354

50,875

55,431

37,994

32,737

50,665

41,948

39,583

36,419

42,157

Commitments and contingencies (Note 10)

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Shareholders’ equity:
Preferred stock, $25 par value; 500,000 shares authorized, none issued

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

-

0

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, $0.10 par value; 100,000,000 shares authorized, 67,799,100 and 67,673,787 shares issued, 57,632,974 and 58,024,571 shares outstanding, respectively

6,780

6,767

6,748

6,745

6,733

6,717

6,709

6,696

6,644

6,644

6,638

6,635

6,614

6,611

6,619

6,594

6,604

6,604

6,592

6,578

6,554

6,519

6,515

6,415

6,408

6,408

6,331

6,317

6,317

6,314

6,310

6,310

6,258

6,238

6,312

6,305

6,282

Additional paid-in capital

73,681

73,549

73,263

73,059

72,417

72,358

72,229

72,013

71,400

71,251

71,106

70,985

70,440

70,268

70,210

70,744

69,977

69,118

68,355

67,677

67,016

64,351

-

-

-

55,455

-

-

-

-

-

-

-

-

-

-

-

Less treasury stock, 10,166,126 and 9,649,216 shares, respectively, at cost

42,081

41,429

39,943

37,870

37,932

37,827

37,798

37,776

37,953

37,953

37,941

37,933

37,933

37,933

37,933

37,923

37,923

37,882

37,871

37,871

37,871

37,299

37,299

35,061

35,061

35,431

34,655

25,314

23,975

23,975

23,975

23,975

23,975

23,975

25,665

25,665

25,665

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63,656

57,755

56,502

-

52,133

51,186

50,354

48,816

71,474

71,123

68,370

66,122

67,423

66,980

64,314

Retained earnings

18,033

70,833

69,819

73,738

75,080

68,579

58,155

-20,450

-20,994

-29,653

-33,084

-32,762

-35,045

-39,304

-35,687

-20,088

-19,827

-11,764

69,015

102,683

107,887

146,892

245,230

242,118

217,404

224,442

198,066

195,680

188,558

181,370

200,289

200,183

189,757

180,739

172,018

169,619

146,594

Total shareholders' equity

56,413

109,720

109,887

115,672

116,298

109,827

99,295

20,483

19,097

10,289

6,719

6,925

4,076

-358

3,209

19,327

18,831

26,076

106,091

139,067

-

180,463

-

-

-

-

-

227,869

221,254

-

254,098

253,641

240,410

229,124

220,088

217,239

191,525

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,056

3,748

3,853

3,943

3,959

4,901

4,718

Total Equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

143,586

-

278,102

271,227

245,253

250,874

221,875

-

-

212,525

257,154

257,389

244,263

233,067

224,047

222,140

196,243

Total liabilities and shareholders' equity

168,692

211,537

208,986

202,067

201,500

166,312

162,361

100,276

92,185

79,633

76,535

79,143

79,997

81,032

78,202

91,657

116,690

123,958

195,079

234,287

240,630

248,849

362,856

334,317

297,061

308,167

273,621

272,223

272,129

267,956

295,148

290,126

294,928

275,015

263,630

258,559

238,400