Vaalco energy, inc. (EGY)
Income statement / TTM
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

83,145

84,521

90,204

97,867

97,063

104,943

94,493

87,405

83,404

77,025

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Oil and natural gas sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61,981

64,892

73,182

80,445

85,958

92,898

117,859

127,691

162,937

176,191

153,211

169,277

164,548

164,438

194,138

195,287

209,501

209,221

208,950

210,436

175,273

171,598

0

0

0

Operating costs and expenses:
Production expense

39,219

37,689

37,031

34,676

37,674

40,415

41,594

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production expense

-

-

-

-

-

-

-

-

-

-

-

36,804

34,279

-

39,215

39,912

41,438

40,096

36,712

35,998

31,979

31,718

30,283

35,714

37,881

36,615

36,695

30,060

29,582

26,724

29,222

27,754

27,024

26,731

20,328

21,983

0

0

0

Exploration Expense

-

-

-

-

-

-

-

0

-

-

0

-

-

-

0

0

-

10,409

35,984

27,607

29,787

13,651

17,686

28,158

29,145

23,928

57,457

47,086

46,290

41,037

7,172

7,737

5,442

5,708

4,267

3,410

0

0

0

Depreciation, depletion and amortization

8,633

7,083

7,278

6,899

6,025

5,596

4,207

4,777

5,712

6,457

6,678

6,585

6,557

6,926

15,295

21,944

29,301

32,998

28,120

24,153

21,849

20,074

21,362

21,027

17,463

16,929

14,210

15,117

18,536

19,913

24,514

24,806

24,501

25,596

22,338

21,607

0

0

0

Impairment of proved crude oil and natural gas properties

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on revision of asset retirement obligations

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expense

11,170

14,855

12,881

10,954

13,234

11,398

12,160

11,812

9,853

10,377

10,361

9,486

10,441

9,561

9,762

10,843

9,668

12,294

11,794

13,092

13,397

12,112

13,947

11,873

11,203

11,254

10,706

11,359

11,935

11,779

11,432

11,466

10,920

10,417

9,003

9,048

0

0

0

Impairment of proved properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

81,322

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expense

-

-

-

-

-

-

-

-

-

-

-

-

-

8,853

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative related to shareholder matters

-

-

-

-

-

-

-

-

-

-

-

-

136

-332

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt (recovery) expense and other

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

2,906

3,031

2,968

5,126

0

0

-

0

-

-

3,326

0

0

0

-

-

-

-

-

-

-

-

-

-

Bad debt (recovery) expense and other

498

-341

21

-190

-50

-77

0

0

0

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

-

-

-

Impairment of proved properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

Total operating costs and expenses

89,766

58,907

57,213

49,016

53,572

54,021

56,001

62,515

58,566

56,990

56,826

53,291

52,455

63,909

101,540

139,118

153,111

182,459

244,085

213,387

203,432

178,296

87,120

98,957

98,139

92,052

121,014

113,414

116,148

108,694

86,281

81,776

77,625

77,875

59,997

56,048

0

0

0

Other operating expense, net

-4,415

-4,421

-4,368

-4,409

304

365

84

87

3

-84

-94

-117

-347

-266

-1,498

-1,472

-1,414

-1,092

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income (loss)

-11,036

21,193

28,623

44,442

43,795

51,287

38,576

24,977

24,841

19,951

18,275

18,244

17,272

-4,391

-41,057

-75,698

-81,343

-103,106

-157,729

-120,091

-85,233

-50,605

75,817

77,234

55,072

77,225

43,534

51,024

77,990

86,593

123,220

127,445

131,325

132,561

115,276

115,550

0

0

0

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

8,805

-446

1,240

-2,037

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income (expense), net

-

-

709

627

-

-145

-579

-1,017

-1,365

-1,414

-1,436

-1,436

-2,528

-2,613

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

38

50

75

81

78

77

73

93

113

129

145

157

174

189

184

162

84

0

0

0

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-231

-438

-305

-170

-239

68

3,568

2,778

3,330

3,145

-2,053

-1,409

-2,389

-2,015

-2,050

-2,302

-1,222

-1,536

-504

61

-502

-737

-195

-431

-308

-111

-309

-264

120

414

742

1,469

1,679

1,285

771

93

0

0

0

Total other income (expense), net

-

-

8,970

5,730

-

4,187

-79

-281

933

699

-3,489

-2,845

-4,917

-4,628

-4,553

-4,940

-2,729

-2,861

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other income (expense), net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-216

-151

249

559

899

1,643

1,868

1,469

933

177

0

0

0

Income (loss) from continuing operations before income taxes

-1,800

21,042

37,593

50,172

46,304

55,474

38,497

24,696

25,774

20,650

14,786

15,399

12,355

-9,019

-45,610

-80,638

-84,072

-105,967

-61,515

4,019

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

43,318

50,873

78,239

87,152

124,119

129,088

133,193

134,030

116,209

115,727

0

0

0

Income tax expense

54,615

23,890

30,988

-38,917

-44,543

-43,254

-53,261

11,712

11,226

10,378

11,403

10,852

10,757

9,248

11,126

11,635

12,907

14,587

13,935

14,989

19,725

22,486

28,544

30,445

25,995

34,115

45,540

54,069

76,239

81,813

89,162

92,088

95,000

93,468

72,415

63,974

0

0

0

Income (loss) from continuing operations

-56,415

-2,848

6,605

89,089

90,847

98,728

91,758

12,984

14,548

10,272

3,383

4,547

1,598

-18,267

-49,433

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from discontinued operations, net of tax

-323

5,411

5,368

5,408

5,227

-496

-519

-672

-497

-621

-804

-16,413

-16,265

-8,283

-7,144

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,222

-3,196

2,000

5,339

34,957

37,000

38,193

40,562

43,794

51,753

0

0

0

Less net income attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,708

6,689

6,439

6,269

6,417

5,918

6,240

0

0

0

Net income (loss)

-56,738

2,563

11,973

94,497

96,074

98,232

91,239

12,312

14,051

9,651

2,579

-11,866

-14,667

-26,550

-103,688

-122,589

-127,275

-158,656

-176,209

-139,432

-109,517

-77,550

0

0

0

-

-

-

-

631

28,268

30,561

31,924

34,145

37,876

45,513

0

0

0

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