VAALCO Energy, Inc. (EGY)

VAALCO Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	506.42	455.07	354.33	199.08	67.18	84.52
Revenue Growth (YoY)	25.82%	28.43%	77.99%	196.35%	-20.52%	-19.46%
Cost of Revenue	175.09	160.64	119.73	81.26	37.32	37.69
Gross Profit	331.33	294.43	234.6	117.82	29.86	46.83
Selling, General & Admin	28.24	23.84	10.08	14.77	10.7	14.86
Other Operating Expenses	-2.92	-0.67	37.77	23.27	-4.91	4.49
Operating Expenses	150.28	135.54	99.33	61.55	19.92	26.09
Operating Income	181.05	158.89	135.26	56.27	9.94	20.75
Interest Expense	-3.72	-6.45	-2.03	-	-	-
Interest & Investment Income	-	-	-	0.01	0.16	0.73
Currency Exchange Gain (Loss)	-2.91	-0.9	-4.2	-0.7	0.2	-0.2
Other Non Operating Income (Expenses)	0.19	-1.39	-0.05	4.19	-0.07	-0.24
EBT Excluding Unusual Items	174.61	150.15	128.98	59.78	10.22	21.04
Merger & Restructuring Charges	-3.4	-	-14.6	-	-	-
Asset Writedown	-	-	-	-	-30.63	-
Other Unusual Items	21.31	-	9	-	-	-
Pretax Income	192.52	150.15	123.38	59.78	-20.4	21.04
Income Tax Expense	101.69	89.78	71.42	-22.16	27.68	23.89
Earnings From Continuing Operations	90.83	60.37	51.96	81.93	-48.08	-2.85
Earnings From Discontinued Operations	-0.02	-0.02	-0.07	-0.1	-0.1	5.41
Net Income	90.82	60.35	51.89	81.84	-48.18	2.56
Preferred Dividends & Other Adjustments	1	0.63	0.59	1.33	-	0.02
Net Income to Common	89.82	59.72	51.3	80.5	-48.18	2.55
Net Income Growth	166.20%	16.31%	-36.59%	-	-	-97.39%
Shares Outstanding (Basic)	104	106	70	58	58	59
Shares Outstanding (Diluted)	104	107	70	59	58	59
Shares Change (YoY)	-1.64%	52.26%	19.11%	2.02%	-2.62%	-1.42%
EPS (Basic)	0.86	0.56	0.74	1.38	-0.84	0.04
EPS (Diluted)	0.86	0.56	0.73	1.37	-0.84	0.04
EPS Growth	170.05%	-23.63%	-46.43%	-	-	-97.44%
Free Cash Flow	39.58	126.37	-31.05	11.05	3.12	16.12
Free Cash Flow Per Share	0.38	1.19	-0.44	0.19	0.05	0.27
Dividend Per Share	0.250	0.250	0.130	-	-	-
Dividend Growth	13.64%	92.31%	-	-	-	-
Gross Margin	65.43%	64.70%	66.21%	59.18%	44.45%	55.41%
Operating Margin	35.75%	34.92%	38.18%	28.27%	14.80%	24.55%
Profit Margin	17.74%	13.12%	14.48%	40.44%	-71.72%	3.01%
Free Cash Flow Margin	7.82%	27.77%	-8.76%	5.55%	4.65%	19.08%
EBITDA	307.38	274.19	183.41	77.33	19.5	28.07
EBITDA Margin	60.70%	60.25%	51.76%	38.85%	29.03%	33.21%
D&A For EBITDA	126.33	115.3	48.14	21.06	9.56	7.32
EBIT	181.05	158.89	135.26	56.27	9.94	20.75
EBIT Margin	35.75%	34.92%	38.17%	28.27%	14.80%	24.55%
Effective Tax Rate	52.82%	59.79%	57.89%	-	-	113.53%

Source: S&P Capital IQ. Standard template. Financial Sources.