Vaalco energy, inc. (EGY)
Income statement / 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'11Mar'11Sep'10Jun'10
Revenues:
Crude oil and natural gas sales

18,389

21,923

17,603

25,230

19,765

27,606

25,266

24,426

27,645

17,156

18,178

20,425

21,266

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Oil and natural gas sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,635

18,847

10,976

17,523

17,546

27,137

18,239

23,036

24,486

52,098

28,071

58,282

37,740

29,118

44,137

53,553

37,630

58,818

45,286

67,767

37,350

58,547

46,772

32,604

33,675

Operating costs and expenses:
Production expense

9,749

9,815

9,836

9,819

8,219

9,157

7,481

12,817

10,960

-

10,336

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production expense

-

-

-

-

-

-

-

-

-

-

-

9,866

7,946

-

7,162

7,341

11,253

13,459

7,859

8,867

9,911

10,075

7,145

4,848

9,650

8,640

12,576

7,015

8,384

8,720

5,941

6,537

5,526

11,218

4,473

5,807

5,233

4,815

6,128

Exploration Expense

-

-

-

-

-

-

-

12

-

-

4

-

-

-

2

2

-

-27,138

8,975

1,113

27,459

-1,563

598

3,293

11,323

2,472

11,070

4,280

6,106

36,001

699

3,484

853

2,136

1,264

1,189

1,119

695

407

Depreciation, depletion and amortization

3,103

2,112

1,509

1,909

1,553

2,307

1,130

1,035

1,124

918

1,700

1,970

1,869

1,139

1,607

1,942

2,238

9,508

8,256

9,299

5,935

4,630

4,289

6,995

4,160

5,918

3,954

3,431

3,626

3,199

4,861

6,850

5,003

7,800

5,153

6,545

6,098

4,542

4,422

Impairment of proved crude oil and natural gas properties

30,625

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on revision of asset retirement obligations

-

-

-

-

-

-

3,325

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expense

754

2,950

4,738

2,728

4,439

976

2,811

5,008

2,603

1,738

2,463

3,049

3,127

1,722

1,588

4,004

2,247

1,923

2,669

2,829

4,873

1,423

3,967

3,134

3,588

3,258

1,893

2,464

3,639

2,710

2,546

3,040

3,483

2,363

2,580

2,494

2,980

949

2,625

Impairment of proved properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88

-

-

52,114

17,988

5,821

5,399

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,106

324

754

8,881

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative related to shareholder matters

-

-

-

-

-

-

-

-

-

-

-

-

15

18

85

18

-453

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt (recovery) expense and other

-

-

-

-

-

-

-

-

-

-

-49

183

98

-

-

171

343

-358

2,750

296

280

-

1,800

-

-

2,042

143

262

879

-

-

-

-

-

-

-

-

-

-

Bad debt (recovery) expense and other

810

-371

54

5

-29

-9

-157

145

-56

-

-

-

-

-

63

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

369

275

315

-

4,061

0

-

-

-

Impairment of proved properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,620

-

-

-

0

-

-

-

-

Total operating costs and expenses

45,041

14,127

16,137

14,461

14,182

12,433

7,940

19,017

14,631

14,413

14,454

15,068

13,055

14,249

10,919

14,232

24,509

51,880

48,497

28,225

53,857

113,506

17,799

18,270

28,721

22,330

29,636

17,452

22,634

51,292

22,036

20,186

15,180

28,879

17,531

16,035

15,430

11,001

13,582

Other operating expense, net

-31

-20

35

-4,399

-37

33

-6

314

24

-248

-3

230

-63

-258

-26

0

18

-1,490

0

58

340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income (loss)

-26,683

7,776

1,501

6,370

5,546

15,206

17,320

5,723

13,038

2,495

3,721

5,587

8,148

819

3,690

4,615

-13,515

-35,847

-30,951

-1,030

-35,278

-90,470

6,687

33,828

-650

35,952

8,104

11,666

21,503

2,261

15,594

38,632

30,106

38,888

19,819

42,512

31,342

21,603

20,093

Other income (expense):
Derivative instruments gain (loss), net

7,339

-2,712

2,267

1,911

-1,912

-

-1,026

-1,010

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income, net

116

-

-

-

187

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income (expense), net

-

-

193

201

-

128

111

-30

-354

-306

-327

-378

-403

-328

-327

-1,470

-488

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

5

4

10

19

17

29

16

16

16

25

36

36

32

41

48

53

47

36

26

-25

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

465

344

310

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-31

83

-138

-145

-238

216

-3

-214

69

3,716

-793

338

-116

-1,482

-149

-642

258

-1,517

-401

438

-56

-485

164

-125

-291

57

-72

-2

-94

-141

-27

382

200

187

700

592

-194

-327

22

Total other income (expense), net

-

-

2,322

1,967

-

6,644

-918

-1,254

-285

2,378

-1,120

-40

-519

-1,810

-476

-2,112

-230

-1,735

-863

99

-362

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other income (expense), net

7,424

-

-

-

-1,963

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

183

-108

-262

-

-56

14

-69

-105

9

414

241

235

753

639

-158

-301

-3

Income (loss) from continuing operations before income taxes

-19,259

5,299

3,823

8,337

3,583

21,850

16,402

4,469

12,753

4,873

2,601

5,547

7,629

-991

3,214

2,503

-13,745

-37,582

-31,814

-931

-35,640

-

6,870

33,720

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-912

-

8,048

11,680

21,434

2,156

15,603

39,046

30,347

39,123

20,572

43,151

31,184

21,302

20,090

Income tax expense

33,478

4,248

7,681

9,208

2,753

11,346

-62,224

3,582

4,042

1,339

2,749

3,096

3,194

2,364

2,198

3,001

1,685

4,242

2,707

4,273

3,365

3,590

3,761

9,009

6,126

9,648

5,662

4,559

14,246

21,073

14,191

26,729

19,820

28,422

17,117

29,641

18,288

7,369

8,676

Income (loss) from continuing operations

-52,737

1,051

-3,858

-871

830

10,504

78,626

887

8,711

3,534

-148

2,451

4,435

-3,355

1,016

-498

-15,430

-

-34,521

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from discontinued operations, net of tax

-63

-37

-61

-162

5,671

-80

-21

-343

-52

-103

-174

-168

-176

-286

-15,783

-20

7,806

-

853

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,386

7,121

7,188

-18,917

1,412

12,317

10,527

10,701

3,455

13,510

12,896

13,933

11,414

Less net income attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,306

1,893

1,509

1,981

1,056

1,723

1,657

1,482

1,378

Net income (loss)

-52,800

1,014

-3,919

-1,033

6,501

10,424

78,605

544

8,659

3,431

-322

2,283

4,259

-3,641

-14,767

-518

-7,624

-80,779

-33,668

-5,204

-39,005

-98,332

3,109

24,711

-7,038

-

-

-

-

-18,917

106

10,424

9,018

8,720

2,399

11,787

11,239

12,451

10,036

Basic net income (loss) per share:
Income (loss) from continuing operations

-0.91

0.02

-0.07

-0.01

0.01

0.17

1.31

0.02

0.15

0.06

0.00

0.04

0.07

-0.06

0.02

-0.01

-0.26

-

-0.59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from discontinued operations, net of tax

0.00

0.00

0.00

0.00

0.09

0.00

0.00

-0.01

0.00

0.00

-0.01

0.00

0.00

0.00

-0.27

0.00

0.13

-

0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) per share

-0.91

0.02

-0.07

-0.01

0.10

0.17

1.31

0.01

0.15

0.06

-0.01

0.04

0.07

-0.06

-0.25

-0.01

-0.13

-1.38

-0.58

-0.09

-0.67

-1.72

0.05

0.43

-0.12

0.47

0.04

0.12

0.12

-0.33

0.00

0.18

0.16

0.15

0.04

0.21

0.20

0.22

0.18

Basic weighted average shares outstanding

57,975

58,188

58,953

59,801

59,630

59,558

59,481

59,090

58,863

58,826

58,817

58,658

58,567

57,851

58,708

58,464

58,513

58,480

58,392

58,301

57,981

57,800

57,304

56,950

56,860

56,786

56,600

57,900

57,906

57,855

57,845

57,797

57,195

57,120

57,072

57,027

56,971

56,435

56,427

Diluted net income (loss) per share:
Income (loss) from continuing operations

-0.91

0.02

-0.07

-0.01

0.01

0.18

1.28

0.02

0.15

0.06

0.00

0.04

0.07

-0.06

0.02

-0.01

-0.26

-

-0.59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from discontinued operations, net of tax

0.00

0.00

0.00

0.00

0.09

0.00

0.00

-0.01

0.00

0.00

-0.01

0.00

0.00

0.00

-0.27

0.00

0.13

-

0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) per share

-0.91

0.02

-0.07

-0.01

0.10

0.18

1.28

0.01

0.15

0.06

-0.01

0.04

0.07

-0.06

-0.25

-0.01

-0.13

-1.38

-0.58

-0.09

-0.67

-1.72

0.05

0.43

-0.12

0.46

0.04

0.12

0.12

-0.32

0.00

0.18

0.15

0.16

0.04

0.20

0.19

0.22

0.18

Diluted weighted average shares outstanding

57,975

57,135

58,953

59,801

60,683

60,456

60,818

59,851

58,863

58,825

58,817

58,658

58,580

57,851

58,708

58,464

58,513

58,480

58,392

58,301

57,981

56,650

57,868

57,536

56,860

56,954

57,115

58,560

59,069

59,073

58,947

59,000

58,307

57,733

57,878

58,021

58,258

57,193

57,028