VAALCO Energy, Inc. (EGY)

VAALCO Energy Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	455.07	354.33	199.08	67.18	84.52
Revenue Growth (YoY)	28.43%	77.99%	196.35%	-20.52%	-19.46%
Cost of Revenue	153.16	112.66	81.26	37.32	37.69
Gross Profit	301.91	241.67	117.82	29.86	46.83
Selling, General & Admin	23.84	10.08	14.77	10.7	14.86
Research & Development	1.97	0.26	1.58	3.59	0
Other Operating Expenses	117.45	60.05	22.38	42.84	10.78
Operating Expenses	143.25	70.39	38.72	57.12	25.64
Operating Income	158.66	171.28	79.1	-27.26	21.19
Interest Expense / Income	6.45	2.03	-0.01	-0.16	0
Other Expense / Income	2.07	45.93	19.43	-6.61	-5.26
Pretax Income	150.13	123.31	59.68	-20.5	26.45
Income Tax	89.78	71.42	-22.16	27.68	23.89
Net Income	60.35	51.89	81.84	-48.18	2.56
Net Income Growth	16.31%	-36.59%	-	-	-97.39%
Shares Outstanding (Basic)	106	70	58	58	59
Shares Outstanding (Diluted)	107	70	59	58	59
Shares Change	52.26%	19.11%	2.02%	-2.62%	-1.42%
EPS (Basic)	0.56	0.74	1.38	-0.83	0.04
EPS (Diluted)	0.56	0.73	1.37	-0.83	0.04
EPS Growth	-23.29%	-46.72%	-	-	-97.53%
Free Cash Flow	126.37	-31.05	11.05	3.12	16.12
Free Cash Flow Per Share	1.19	-0.45	0.19	0.05	0.27
Dividend Per Share	0.250	0.130	-	-	-
Dividend Growth	92.31%	-	-	-	-
Gross Margin	66.34%	68.20%	59.18%	44.45%	55.41%
Operating Margin	34.86%	48.34%	39.73%	-40.58%	25.07%
Profit Margin	13.26%	14.64%	41.11%	-71.72%	3.03%
Free Cash Flow Margin	27.77%	-8.76%	5.55%	4.65%	19.08%
Effective Tax Rate	59.80%	57.92%	-37.12%	-	90.31%
EBITDA	271.89	173.49	80.73	-11.09	33.78
EBITDA Margin	59.75%	48.96%	40.55%	-16.51%	39.96%
Depreciation & Amortization	115.3	48.14	21.06	9.56	7.32
EBIT	156.58	125.34	59.67	-20.66	26.45
EBIT Margin	34.41%	35.38%	29.97%	-30.75%	31.30%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).