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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	482.36	455.07	354.33	199.08	67.18	84.52
Revenue Growth (YoY)	32.40%	28.43%	77.99%	196.35%	-20.52%	-19.46%
Cost of Revenue	172.73	160.64	119.73	81.26	37.32	37.69
Gross Profit	309.63	294.43	234.6	117.82	29.86	46.83
Selling, General & Admin	27.52	23.84	10.08	14.77	10.7	14.86
Other Operating Expenses	-0.29	-0.67	37.77	23.27	-4.91	4.49
Operating Expenses	139.65	135.54	99.33	61.55	19.92	26.09
Operating Income	169.98	158.89	135.26	56.27	9.94	20.75
Interest Expense	-4.56	-6.45	-2.03	-	-	-
Interest & Investment Income	-	-	-	0.01	0.16	0.73
Currency Exchange Gain (Loss)	-0.39	-0.9	-4.2	-0.7	0.2	-0.2
Other Non Operating Income (Expenses)	-2.3	-1.39	-0.05	4.19	-0.07	-0.24
EBT Excluding Unusual Items	162.73	150.15	128.98	59.78	10.22	21.04
Merger & Restructuring Charges	-3.1	-	-14.6	-	-	-
Asset Writedown	-	-	-	-	-30.63	-
Other Unusual Items	21.31	-	9	-	-	-
Pretax Income	180.94	150.15	123.38	59.78	-20.4	21.04
Income Tax Expense	94.96	89.78	71.42	-22.16	27.68	23.89
Earnings From Continuing Operations	85.98	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	85.97	60.35	51.89	81.84	-48.18	2.56
Preferred Dividends & Other Adjustments	0.94	0.63	0.59	1.33	-	0.02
Net Income to Common	85.03	59.72	51.3	80.5	-48.18	2.55
Net Income Growth	146.73%	16.31%	-36.59%	-	-	-97.39%
Shares Outstanding (Basic)	105	106	70	58	58	59
Shares Outstanding (Diluted)	105	107	70	59	58	59
Shares Change (YoY)	10.83%	52.26%	19.11%	2.02%	-2.62%	-1.42%
EPS (Basic)	0.81	0.56	0.74	1.38	-0.84	0.04
EPS (Diluted)	0.81	0.56	0.73	1.37	-0.84	0.04
EPS Growth	119.94%	-23.63%	-46.43%	-	-	-97.44%
Free Cash Flow	75.93	126.37	-31.05	11.05	3.12	16.12
Free Cash Flow Per Share	0.73	1.19	-0.44	0.19	0.05	0.27
Dividend Per Share	0.250	0.250	0.130	-	-	-
Dividend Growth	31.58%	92.31%	-	-	-	-
Gross Margin	64.19%	64.70%	66.21%	59.18%	44.45%	55.41%
Operating Margin	35.24%	34.92%	38.18%	28.27%	14.80%	24.55%
Profit Margin	17.63%	13.12%	14.48%	40.44%	-71.72%	3.01%
Free Cash Flow Margin	15.74%	27.77%	-8.76%	5.55%	4.65%	19.08%
EBITDA	281.82	274.19	183.41	77.33	19.5	28.07
EBITDA Margin	58.43%	60.25%	51.76%	38.85%	29.03%	33.21%
D&A For EBITDA	111.84	115.3	48.14	21.06	9.56	7.32
EBIT	169.98	158.89	135.26	56.27	9.94	20.75
EBIT Margin	35.24%	34.92%	38.17%	28.27%	14.80%	24.55%
Effective Tax Rate	52.48%	59.79%	57.89%	-	-	113.53%

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