Vaalco energy, inc. (EGY)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)

2,563

98,232

9,651

-26,550

-158,656

-77,550

43,072

-

-

-

-

Net loss

-

-

-

-

-

-

-

5,339

40,562

42,387

-4,144

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
(Income) loss from discontinued operations

5,411

-496

-621

-8,283

-38,102

-3,797

-

-

-

-

-

Depreciation, depletion and amortization

7,083

5,596

6,457

6,926

32,998

20,074

16,929

19,913

25,596

20,021

20,760

Gain on revision of asset retirement obligations

379

3,325

-

-

-

-

-

-

-

-

-

Other amortization

241

417

369

-

-

-

-

-

-

-

-

Other amortization

-

-

-

1,424

-

-

-

-

-

-

-

Other amortization

-

-

-

-

304

328

-

-

-

-

-

Deferred taxes

14,480

-56,907

-1,260

-

1,349

-

-

-

-

-

-

Unrealized foreign exchange gain

50

-834

576

32

5,243

59

-22

245

-25

595

316

Dry hole costs and impairment of unproved leasehold

-

-

-

-

10,244

13,272

22,490

37,289

60

2,609

33,373

Stock-based compensation

3,506

2,388

1,098

192

3,810

3,321

3,005

2,406

2,217

1,895

1,841

Cash settlements paid on exercised stock appreciation rights

491

82

-

-

-

-

-

-

-

-

-

Derivatives instruments (gain) loss

-446

4,264

-1,032

-

-

-

-

-

-

-

-

Commodity derivatives (gain) loss

-

-

-

-1,711

-

-

-

-

-

-

-

Cash settlements received on matured derivative contracts, net

-2,439

-744

-195

-

-

-

-

-

-

-

-

Bad debt (recovery) expense and other

-341

-77

452

1,222

2,699

2,400

1,562

1,621

4,448

-

-

Other operating loss, net

-58

570

-84

-266

-

-

-

-

-

-

-

Other operating gain, net

-

-

-

-

-1,092

-

-

-

-

-

-

Operational expenses associated with equipment and other

69

1,604

1,189

-

-

-

-

-

-

-

-

Impairment of proved properties

-

-

-

88

81,322

98,341

-

-

-

-

-

Impairment of proved properties

-

-

-

-

-

-

-

7,620

4,975

-

-

Gain on disposal of assets

-

-

-

-

-

-

-

-

-4

-

-

Change in operating assets and liabilities:
Trade receivables

2,428

8,351

-3,195

1,050

-14,174

2,556

9,011

-2,126

-3,981

5,893

-1,338

Accounts with joint venture owners

2,075

-2,747

108

-16,284

13,816

8,910

12,649

-

-

-

-

Accounts with partners

-

-

-

-

-

-

-

-18,988

-5,171

2,622

15,156

Other receivables

94

1,330

43

18

609

1,230

53

199

-5,560

4,557

3,159

Crude oil inventory

287

-2,478

2,350

192

-1,266

1,747

-279

-

-

-

-

Crude oil inventory

-

-

-

-

-

-

-

71

-176

262

-1,095

Materials and supplies

-

-

-

-

-

-

-

102

-266

341

-265

Prepayments and other

1,014

-1,164

-1,646

-517

-3,129

3,957

-594

766

886

301

-1,185

Materials and supplies

-

-

-

-

-

122

-173

-

-

-

-

Value added tax and other receivables

-275

777

3,025

1,937

2,286

-

-

-

-

-

-

Accounts payable

6,011

-3,409

-7,297

-15,459

30,187

-8,999

7,106

-

-

-

-

Foreign taxes payable

2,396

2,751

-

-

-

-

-

-

-

-

-

Accrued liabilities and other

4,161

-2,131

2,050

-4,586

3,034

-874

1,881

-

-

-

-

Other long-term assets

-

-

-

-546

1,566

3,537

-

-

0

-502

155

Accounts payable and other liabilities

-

-

-

-

-

-

-

39

-2,570

-7,328

-

Net cash provided by continuing operating activities

31,158

38,228

13,380

-12,365

41,534

31,992

75,400

93,958

-

-

-

Net cash used in discontinued operating activities

-4,686

-1,052

-4,423

12,286

-2,659

-8,602

-

-

-

-

-

Accounts payable and other liabilities

-

-

-

-

-

-

-

-

-

-

-13,434

Net cash provided by operating activities

26,472

37,176

8,957

-79

38,875

23,390

-

-

89,585

45,515

23,493

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions

-

-

64

-

-

-

-

-

-

-

-

(Increase) decrease in restricted cash

-

-

-

-

-5,536

9,218

1,065

-78

-3,597

-639

-6,637

Proceeds from sale of crude oil and natural gas properties

-

-

250

830

398

-

-

-

-

-

-

Acquisitions

-

-

-

5,692

-

-

-

-

-

-

-

Property and equipment expenditures

10,348

14,127

1,813

8,705

68,067

89,493

66,879

71,915

-

-

-

Premiums paid for put options

-

-

-

2,939

-

-

-

-

-

-

-

Net cash used in continuing investing activities

-10,348

-14,127

-1,499

-16,506

-62,133

-98,711

-67,944

-71,837

-

-

-

Net cash used in discontinued investing activities

-

-

-

-

-20,877

-2,687

-

-

-

-

-

Property and equipment expenditures

-

-

-

-

-

-

-

-

31,973

40,012

61,340

Reimbursement of property and equipment expenditures by partner

-

-

-

-

-

-

-

-

-

-

5,737

Net cash used in investing activities

-10,348

-14,127

-1,499

-16,506

-83,010

-101,398

-

-

-28,376

-39,373

-48,966

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the issuances of common stock

256

544

39

-

441

5,685

3,729

3,335

1,888

510

1,771

Borrowings

-

-

-

-

-

15,000

-

-

-

-

-5,000

Treasury shares

3,911

58

20

51

-

1,868

11,456

-

-

-

10,093

Borrowings

-

-

4,167

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

93

-

2,287

-

-

-

-

-

Debt repayment

-

9,166

10,001

-

-

-

-

-

-

-

-

Redemption of rights agreement

-

-

-

-

-

-

-

-

-

5

-

Redemption of rights agreement

-

-

-

-

-

-

-

-

-

-

66

Distribution to noncontrolling interest

-

-

-

-

-

-

-

5,595

7,192

5,993

5,994

Acquisition of noncontrolling interest

-

-

-

-

-

-

-

26,200

-

-

-

Net cash used in continuing financing activities

-3,655

-8,680

-5,815

-144

441

16,530

-7,727

-28,460

-

-

-

Net cash used in discontinued financing activities

-

-

-

-

0

0

-

-

-

-

-

Net cash used in financing activities

-3,655

-8,680

-5,815

-144

441

16,530

-

-

-5,304

-5,478

-19,382

NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

12,469

14,369

1,643

-16,729

-

-

-

-

-

-

-

NET CHANGE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-43,694

-61,478

-271

-6,339

55,905

664

-44,855

Supplemental disclosure of cash flow information:
Interest expense paid in cash

-

257

997

1,326

1,337

-

-

-

-

-

599

Income taxes paid in cash

-674

2,720

15,153

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

9,210

15,163

23,041

34,444

83,306

92,275

35,777

34,438

Income taxes paid in-kind with crude oil

7,300

9,400

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash investing and financing activities:
Property and equipment additions incurred but not paid at end of period

13,646

2,138

455

2,282

15,132

18,553

13,440

9,814

6,450

5,478

4,363

Crude oil and natural gas property additions paid with non-cash assets

-

4,197

-

-

-

-

-

-

-

-

-

Gross-up of crude oil and natural gas properties by establishment of deferred tax liability

-

18,613

-

-

-

-

-

-

-

-

-

Recognition of right-of-use operating lease assets and liabilities

44,681

-

-

-

-

-

-

-

-

-

-

Recognition of right-of-use operating lease liabilities

44,656

-

-

-

-

-

-

-

-

-

-

Asset retirement obligations

595

-6,527

600

-

-

-

-

-

-

-

-

Asset retirement obligations

-

-

-

1,543

542

-

-

-

-

-

-

Restricted stock issued out of treasury

309

177

-

-

-

-

-

-

-

-

-

Asset retirement cost capitalized

-

-

-

-

-

2,662

453

-

-

-

-

Receivable from employees for stock option exercise

-

-

-

-

-

-

-

173

-

651

-