$TALO
TALOS ENERGY INC.

2021 Q2 Form 10-Q Financial Statement

#000095017021000729 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $303.8M $88.87M $187.8M
YoY Change 241.8% -69.01% 5.06%
Cost Of Revenue $72.97M $64.00M $58.50M
YoY Change 14.01% 66.23% 41.3%
Gross Profit $230.8M $24.80M $129.3M
YoY Change 830.65% -90.01% -5.83%
Gross Profit Margin 75.98% 27.9% 68.86%
Selling, General & Admin $15.29M $13.70M $19.70M
YoY Change 11.64% -60.4% -53.32%
% of Gross Profit 6.63% 55.24% 15.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $99.84M $88.44M $93.54M
YoY Change 12.89% -7.69% 44.83%
% of Gross Profit 43.26% 356.63% 72.35%
Operating Expenses $133.4M $116.0M $125.7M
YoY Change 14.98% -17.32% 7.99%
Operating Profit $93.34M -$94.60M -$4.212M
YoY Change -198.67% -199.72% -122.93%
Interest Expense $33.57M $26.19M $25.85M
YoY Change 28.18% 5.05% 2.51%
% of Operating Profit 35.96%
Other Income/Expense, Net $1.559M -$528.0K -$146.0K
YoY Change -395.27% -163.54% -133.72%
Pretax Income -$125.3M -$190.0M $213.0M
YoY Change -34.06% -288.57% -283.64%
Income Tax $498.0K -$49.40M $55.30M
% Of Pretax Income 25.96%
Net Earnings -$125.8M -$140.6M $157.7M
YoY Change -10.55% -248.38% -243.88%
Net Earnings / Revenue -41.41% -158.21% 84.01%
Basic Earnings Per Share -$1.54 -$2.14 $2.71
Diluted Earnings Per Share -$1.54 -$2.14 $2.69
COMMON SHARES
Basic Shares Outstanding 81.82M 65.81M 58.24M
Diluted Shares Outstanding 81.82M 65.81M 58.57M

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.39M $180.5M $299.5M
YoY Change -63.77% 60.16% 440.61%
Cash & Equivalents $65.35M $107.9M $107.0M
Short-Term Investments $39.00K $72.70M $192.6M
Other Short-Term Assets $1.742M $1.982M $2.046M
YoY Change -12.11% -4.94% -93.61%
Inventory
Prepaid Expenses $48.81M $45.69M $50.27M
Receivables $144.8M $67.04M $81.03M
Other Receivables $43.50M $74.50M $69.50M
Total Short-Term Assets $304.2M $369.7M $502.3M
YoY Change -17.71% 12.62% 110.52%
LONG-TERM ASSETS
Property, Plant & Equipment $2.498B $2.734B $2.689B
YoY Change -8.67% 22.13% 23.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $42.00K $1.400M $8.800M
YoY Change -97.0% -74.55% 109.52%
Other Assets $22.50M $47.25M $21.77M
YoY Change -52.37% 1650.0% 21.64%
Total Long-Term Assets $2.548B $2.805B $2.736B
YoY Change -9.16% 23.91% 24.29%
TOTAL ASSETS
Total Short-Term Assets $304.2M $369.7M $502.3M
Total Long-Term Assets $2.548B $2.805B $2.736B
Total Assets $2.852B $3.175B $3.238B
YoY Change -10.16% 22.48% 32.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $111.1M $104.2M $58.75M
YoY Change 6.7% -9.5% -6.15%
Accrued Expenses $160.6M $185.0M $138.3M
YoY Change -13.18% -0.73% -41.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.060M $19.50M $18.50M
YoY Change -68.92% 24.2% 20.92%
Total Short-Term Liabilities $674.7M $407.9M $308.8M
YoY Change 65.43% -10.97% -27.28%
LONG-TERM LIABILITIES
Long-Term Debt $976.6M $997.0M $1.033B
YoY Change -2.05% 43.02% 39.35%
Other Long-Term Liabilities $42.55M $61.85M $92.47M
YoY Change -31.21% -33.52% -75.28%
Total Long-Term Liabilities $1.019B $1.059B $1.126B
YoY Change -3.76% 34.01% 0.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $674.7M $407.9M $308.8M
Total Long-Term Liabilities $1.019B $1.059B $1.126B
Total Liabilities $2.166B $1.880B $1.843B
YoY Change 15.19% 17.95% 19.69%
SHAREHOLDERS EQUITY
Retained Earnings -$981.3M
YoY Change
Common Stock $1.668B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $686.4M $1.295B $1.395B
YoY Change
Total Liabilities & Shareholders Equity $2.852B $3.175B $3.238B
YoY Change -10.16% 22.48% 32.72%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income -$125.8M -$140.6M $157.7M
YoY Change -10.55% -248.38% -243.88%
Depreciation, Depletion And Amortization $99.84M $88.44M $93.54M
YoY Change 12.89% -7.69% 44.83%
Cash From Operating Activities $132.1M $81.40M $110.2M
YoY Change 62.28% -42.47% 168.06%
INVESTING ACTIVITIES
Capital Expenditures -$61.15M -$71.00M -$83.60M
YoY Change -13.88% -44.18% -18.36%
Acquisitions $293.1M
YoY Change 790.43%
Other Investing Activities $7.213M -$3.900M -$293.1M
YoY Change -284.95% -172.22% 790.88%
Cash From Investing Activities -$53.93M -$74.90M -$376.7M
YoY Change -27.99% -38.51% 178.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -77.84M -5.600M 286.4M
YoY Change 1290.0% -124.89% 5727520.0%
NET CHANGE
Cash From Operating Activities 132.1M 81.40M 110.2M
Cash From Investing Activities -53.93M -74.90M -376.7M
Cash From Financing Activities -77.84M -5.600M 286.4M
Net Change In Cash 321.0K 900.0K 19.93M
YoY Change -64.33% -97.87% -121.16%
FREE CASH FLOW
Cash From Operating Activities $132.1M $81.40M $110.2M
Capital Expenditures -$61.15M -$71.00M -$83.60M
Free Cash Flow $193.2M $152.4M $193.8M
YoY Change 26.8% -43.28% 35.05%

Facts In Submission

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Talos Energy Inc.
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CY2021Q2 us-gaap Asset Retirement Obligation
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40222000
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FinanceLeaseLiability
62026000
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FinanceLeaseInterestPaymentOnLiability
6268000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
8306000
us-gaap Operating Lease Payments
OperatingLeasePayments
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RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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295000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2252000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4732000

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